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Should Your Investments Take Taxes Into Consideration?

Mike Switzer
Mike Switzer

  Now that we're into the final few months of 2015, you may be starting to think about what your tax bill will be for this year. If you have investments, you should probably also know what the tax effects of those investments are. Mike Switzer interviews Chris Cabri, a certified financial planner with Ameriprise Financial Services in Greenwood SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.