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5. Types of Brokerage Accounts and Tax Differences

5. Types of Brokerage Accounts and Tax Differences

FromMarket MakeHer Podcast


5. Types of Brokerage Accounts and Tax Differences

FromMarket MakeHer Podcast

ratings:
Length:
21 minutes
Released:
Jun 27, 2023
Format:
Podcast episode

Description

In Episode 5 of the Market MakeHer Podcast, you’ll learn about the different brokerage account types and how you might be taxed on this kind of investment income. Yes, we’re talking about taxes, one of the two things in life you can’t avoid. ?Don’t stress too much over taxes though, your brokerage firm is there to make it simple for you and will send you the appropriate form(s). We’ll break down how it all works and share other valuable information and resources. What we discussed in Ep. 05:Taxable accounts and Non-taxable accounts tax-deferred or retirement (IRAs, not 401Ks - yet)Individual account vs Joint accountTraditional IRA vs Roth IRAThere’s also a Rollover IRA account typeBeneficiaries!!Separate Log-ins!!Capital Gains and DividendsTaxable Events - everything is tracked and reported to the IRS“Know Your Client Rule” Offsetting tax implications with lossesWe’re starting to get into strategyEveryone has a unique income situation and strategyIRS changes things - look at irs.gov to see current limits and tax infoHow Jess and Jessie would do in a zombie apocalypseAnd a question from one of our listeners  Be sure to subscribe to be alerted about our next episodes to come, and don't forget to check out the Episode Equity for this episode!Follow us on TikTok @MarketMakeHer and Instagram @MarketMakeHerPodcast ? Watch us on YouTube to see our weekly theme in action. ?? Market MakeHer provides inclusive and accessible investing education for women and anyone who has ever felt kept in the dark from learning how to invest in the stock market by breaking down complex topics in an easy-to-understand, relatable manner - from Her perspective. We provide educational investing content, not advice. Investing involves risk - we are here to teach you how to navigate and understand the stock market.
Released:
Jun 27, 2023
Format:
Podcast episode

Titles in the series (35)

Market MakeHer is an investing education podcast for anyone who has ever felt kept in the dark regarding how to invest in the stock market. We believe that everyone should have access to inclusive financial education, and that's why we've created a podcast that breaks down complex stock market topics in an easy-to-understand manner - from Her perspective. Join us as we build knowledge for all, break the existing barriers that make investing seem like it's not for you, and make a mark in finance together. Get free investing resources at: www.marketmakeherpodcast.com