The phrase “It's not what you make, it's what you keep,” has been uttered for years and in a variety of different ways, most often in reference to one's income and rate of savings/spending. But when it comes to investing and taxes, the saying rings just as true.
A 2017 study by Morningstar estimates that over the 90-year period ending in 2016, investors gave up an average of one to two percentage points per year to taxes.
Given these statistics, it’s surprising how often taxes are overlooked…
