Here's how to use investments and accounts to create a strategy that can defer, manage, and reduce taxes. These strategies are designed to give you tax-smart equity exposure – and potentially lower your ultimate tax bill – by capturing (or “harvesting”) losses that you can use to help offset capital gains. By investing in tax-advantaged accounts, using tax-loss harvesting, considering municipal bond index funds, and avoiding short-term trading, investors can maximize tax efficiency and improve their after-tax returns. For equity investors, traditional index funds and ETFs tend to do a good job of limiting taxable capital gains; tax-managed mutual funds can also be a good choice. Discover tax-efficient investing strategies to consider that can help investors build wealth over the long term. This article discusses various types of tax-efficient investment income, strategies to maximize tax efficiency, investment vehicles that can help achieve this goal, and the importance of monitoring and adjusting tax-efficient portfolios. We have developed a simple framework, which we call SMART, as a helpful starting point for financial advisors looking to enhance tax efficiency within your practice. BlackRock provides access to tools, insights, and a range of strategies that can help improve tax efficiency. Advisors can schedule time with our specialist team to explore BlackRock’s tax-efficient solutions in more detail. From innovative investment tactics to leveraging tax-efficient vehicles, these expert tips will help you proactively mitigate tax burdens and safeguard your financial health. A comprehensive approach that explores all your tax efficient options with a professional Wealth Advisor, Schwab Wealth Advisory targets tax-smart investment and planning strategies.