Tax Center


Why it's important to be a tax-efficient investor

June 11, 2013

Put your assets to work for you

You can't always avoid paying taxes but you can manage their impact on your investments. Joel Dickson and Maria Bruno of Vanguard's Investment Strategy Group emphasize the importance of tax-deferred accounts, and caution that how you buy and sell investments also can affect your after-tax returns.

Other excerpts from this webcast:


  • All investments are subject to risk, including the possible loss of the money you invest.
  • For more information about Vanguard funds, visit Funds, Stocks & ETFs or call 877-662-7447, to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
  • When taking withdrawals from an IRA before age 59½, you may have to pay ordinary income tax plus a 10% federal penalty tax.
  • We recommend that you consult a financial or tax advisor about your individual situation.