It’s not what you make when you invest, it’s what you keep


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…

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