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Investing Specialists

Top Tips for Tax Savings

Readers advocate for gradual Roth conversions, careful asset location, and scrupulous record-keeping.


We're kicking off a Tax-Wise Investing Week on in the week ahead, and we'll be providing many tips on how to reduce the drag of taxes on your investments. In anticipation of our tax-themed week, I recently asked readers to chime in with their best tax-savings tip, investment-related or otherwise.

Readers shared a host of worthwhile ideas, including gradual conversions from traditional IRAs to Roths, careful management of income and deductions to avoid falling into a higher tax bracket, and cherry-picking tax-efficient investments for taxable accounts.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.