[Verse 1] Sarah's got her money spread in different places now Checking account, four-oh-one-k, and a Roth somehow She's wondering where to put her stocks and bonds today To keep the taxman's greedy hands from taking cash away Her advisor said "Location matters more than you might think" "Put the right investments in the right accounts and link" [Chorus] Asset location, tax-loss harvesting time Keep your after-tax returns climbing high Taxable, tax-deferred, tax-free design A-L-T keeps your money in line Asset location, tax-loss harvesting time Optimize returns and you'll be fine [Verse 2] In your taxable account put municipal bonds so sweet Tax-efficient index funds that don't generate much heat Save the REITs and corporate bonds for four-oh-one-k space Where the taxes wait until you need the money face to face Growth stocks in your Roth IRA will compound tax-free Twenty years from now you'll thank yourself for what you see [Chorus] Asset location, tax-loss harvesting time Keep your after-tax returns climbing high Taxable, tax-deferred, tax-free design A-L-T keeps your money in line Asset location, tax-loss harvesting time Optimize returns and you'll be fine [Bridge] When your stocks go down don't cry Harvest losses, wave goodbye Sell the losers, buy similar shares Offset gains without a care Wait thirty days to buy the same Or the wash sale rule's to blame [Verse 3] Three account types working like a symphony Taxable for flexibility and liquidity Tax-deferred grows without the yearly tax bite Tax-free Roth withdrawals feel so right Balance asset classes across all three Maximum efficiency is the key [Chorus] Asset location, tax-loss harvesting time Keep your after-tax returns climbing high Taxable, tax-deferred, tax-free design A-L-T keeps your money in line Asset location, tax-loss harvesting time Optimize returns and you'll be fine [Outro] Location, harvesting, after-tax gains Smart investing eases financial pains A-L-T, remember the way Tax-efficient investing pays
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