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"The great benefit of retirement accounts, IRAs and Roth IRAs, is that dividends are not taxed annually. That is the tax deferral component," saysJohn P. Daly, CFP®, president of Daly Investment Management LLC in Mount Prospect, IL. "With a regular taxable investment account, dividends ar...
Type of investment account: You may owe tax on dividends earned by stock held in a taxable brokerage account. You would not owe tax on dividends from stocks held in a retirement account, such as a Roth IRA or 401(k), or a college savings plan, such as a 529 plan or Coverdell ESA....
let's say Dad has $1 million invested in bonds which pay $50,000 of taxable interest each year. As a resident of the 35 percent tax bracket, that extra