5 Retirement Tax Strategies Don’t Let Taxes Drain Your 2M to 10M Portfolio

Tax-efficient investing: a 65+ couple with no other income can realize about $146,400 of gains at 0% federal tax in 2026 (Rev. Proc. 2025-32). ========== 🗓️ Free retirement strategy session: https://www.covenantwealthadvisors.com/free-retirement-plan 📋 Free Download: What Issues Should I Consider When Reviewing My Investments?" — 1 of 15 free checklists: https://www.covenantwealthadvisors.com/retirement-checklist ========== Mark Fonville, CFP® and Covenant Wealth Advisors help over 550 families plan to and through retirement. This answers: What should I hold in a taxable brokerage account in retirement? Are municipal bonds or Treasuries better for a retiree? How much in capital gains can a retired couple realize tax-free in 2026? KEY TAKEAWAYS • Net Investment Income Tax: 3.8% above $250,000 of modified adjusted gross income for joint filers ($200,000 single), not indexed. Top 2026 federal rate: 23.8% on long-term capital gains, near 40.8% on interest. It tracks income, not portfolio size. • Goldman Sachs Asset Management, Multi-Asset Solutions, "Unlocking Tax Efficiency: The Importance of Strategic Asset Allocation and Asset Location" (Appelman, Padmawar and Day, June 2026; strategic assumptions as of December 31, 2025): asset location may add more than 45 basis points a year — more than four-tenths of one percent — of after-tax return for a high-tax-bracket investor with significant taxable assets. Modeled projections from forward-looking capital market assumptions, not realized results; the headline exhibit assumes a 60/40 target, a roughly 50/50 taxable-to-tax-advantaged split, and the accumulation period only. • American Century, each fund from launch through year-end 2025: about 8% of active equity exchange-traded funds (ETFs) distributed capital gains versus about 76% of active equity mutual funds. American Century sells ETFs, so weigh the source. The structural driver is in-kind redemption (IRC §852(b)(6)). • Using yields available on August 3, 2

Added 20 Aug 2026