Taxable brokerage accounts are the most flexible account you'll own but that flexibility comes with a catch: nobody's shielding you from the tax bill. We walk through how to actually keep more of what you earn in these accounts, starting with asset location and why cost basis matters way more than your account balance does. From there we get into tax loss harvesting done right (and the wash sale rule that trips people up), why average cost is usually the wrong cost basis method, and how donating appreciated shares can be more powerful than writing a check.

Key moments:

(02:48) Why asset location — deciding which investments belong in taxable vs. retirement accounts — is one of the easiest ways to boost after-tax returns

(06:49) Cost basis 101: why two accounts with identical balances can generate wildly different tax bills

(14:12) How tax loss harvesting works, the $3,000 annual offset rule, and why losses can carry forward indefinitely

(27:30) Using donor-advised funds and donating appreciated shares instead of cash to reduce capital gains

⬇️ Download our free financial independence with student loans calculator.

There’s no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free!

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify, or Amazon Music
• Leave an honest review on Apple Podcasts

SLP Wealth, LLC is a registered investment adviser registered with the United States Securities and Exchange Commission. Subscription does not imply any level of skill or training. This content is intended for general information, educational, or entertainment purposes only and should not be construed as investment advice.

SLP Wealth, LLC is a registered investment adviser registered with the United States Securities and Exchange Commission. Subscription does not imply any level of skill or training. This content is intended for general information, educational, or entertainment purposes only and should not be construed as investment advice.