Strategy For Reducing Impact Of Taxes On Dividend Stocks

I am a do-it-yourself novice investor. I focus on dividend yield and dividend growth stocks. Over the last couple of years, I have realized that not all stocks are born equal. There are different tax implications of holding the same stock in different accounts. The aim of this article is to start a meaningful constructive discussion amongst fellow investors. I want to hear about your investment strategies - which stock do you hold in which account. Allocating money to accounts I wanted to grow our money tax-free or at least tax deferred. However, my wife and I are high-income earners (as per IRS) and we do not qualify for various income tax benefits. Last year, I realized that there is some hope for us. The IRS allows us to contribute $5000 to a Traditional IRA every year though we cannot claim any tax deduction since our joint income is more... Read more