Smart Tax Strategies Investors With $1M+ Are Using to Protect Wealth in 2026

Smart tax strategies for high-net-worth investors were outlined as a way to improve tax efficiency and potentially raise after-tax returns in 2026. The article cites Charles Schwab saying investors who work with financial, tax, and wealth advisors may identify approaches to manage taxes more effectively, including strategies aimed at reducing portfolio tax drag. It also describes AdviserMatch as a tool that pairs individuals with financial advisors after users answer questions about goals and circumstances, with consultations described as no-obligation and varying by advisor. The piece highlights themes such as building a tax plan to manage exposure, sheltering income with deductions and tax-advantaged accounts, leveraging credits beyond adjusted gross income, and using tax-loss harvesting to offset gains. It further discusses retirement and legacy planning techniques involving trusts, gifting, and Roth conversions, and stresses reliance on expert guidance rather than DIY for complex strategies.