Taxes - recommended reading?
Until last year, most of our money was in tax deferred retirement accounts, and I never educated myself on how different investments are taxed.
Thanks to an inheritance, and selling an overpriced home in MD to move to affordable NC, we now have money in taxable accounts, and I realize that I really need to learn the tax consequences of various investments.
I was reading the thread about minimizing taxes, and it made me realize how little I know. Otherwise I feel like I have a good grasp of the basics of retirement planning and investing. However, since taxes can significantly affect net gains, I feel like a total novice again.
We are not millionaires - about 200k taxable, 300k tax deffered, adding ~20k/year to total.
Can anyone recommend a good book?