joandtj asks,I am investing in my wife's and mine retirement accounts the maximum amount. I am looking to invest in an account where I can have instant access to my money and not have to wait til I am old to take it out. However, I am scared of the tax consequences. Is there something I can get into outside of a retirement account where I won't be penalized so heavily with income and capital gains taxes? I not aware of anything that allows you escape taxes completely without taking on the risk and high fees of VUL (variable universal life insurance).Probably the best thing you can do is something like the Vanguard Tax-Managed Index Fund. This should delay most of the capital gains taxes until you're ready to withdraw the money and spend it.intercst
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