What are some strategies for reducing taxes on investments? I'm 22 and have been maxing out Roth IRA and 401k but have cash I want to start investing in a brokerage so now taxes are a consideration.

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D1 is not wrong but a lot of investment vehicles make no sense at low levels of wealth or income. For example the return on municipal bonds is directly related to your income tax bracket. For a young saver, stock and bond funds are all you need

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You don't pay taxes until you sell (realize gains)

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HSA lets you stash extra money tax free

Does Roth IRA phase out at 60 or 65???

Doesnt***

If you have cash you don't need to see for a long time, and you've already maxed out 401k and IRA, taxable gains (that you defer until you sell) on stock are bearable. Other asset classes include real estate and muni bonds that have special tax considerations. And don't forget whole life insurance -- it's got an investment vehicle buried in there, plus you get insured.

Try betterment, they have a tax algorithm that reduces your tax burden plus it's allowed by PwC since it's all index funds

Honestly...if you're maxing out both at 22, you're golden. Are you really rolling in a lot of extra cash to invest?

D2 OP can't be rolling in too much cash, the fact that OP is still allowed to contribute to Roth IRA indicates being below certain income thresholds, OP must just be awesome at minimizing costs (an impressive achievement!)

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