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A brokerage account only has annual taxes due on dividends, interest, etc.

That's not exactly true in all cases. It depends on what you invest in and how the dividends/distributions are taxed or deferred

In 2016 68.7% of the dividends/distributions I received in my taxable accounts were tax deferred from MLP's or securities paying Tax deferred ROC and 92% of all dividends/distributions received were tax deferred In all accounts including IRA's

I avoid selling equities so as not to trigger voluntary taxable events. That has also given me the opportunity to allow the distributions to grow and they have reached the level far above my needs so about 70%-75% of distributions received are dripped or reinvested. The RMD's I deduct each year are my largest taxable event, and the money is also transferred to a taxable account and the excess above my needs are also reinvested.
I've been retired 14 years and live entirely off the income in my portfolios as I have no pension, or annuity. SS is very minimal and doesn't even cover the FED and STATE taxes that I pay


Total dividends/distributions received in 2016 increased 24.8% above the dividends/distributions received in 2015. So that keeps growing in addition to the portfolio also after removing living expenses all these years.

b&w
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