Tax-Efficient Investing Purpose Maximize after-tax returns through strategic asset location, tax-loss harvesting, gain/loss management, and withdrawal sequencing. This skill addresses both the accumulation phase (minimizing tax drag) and the distribution phase (optimizing withdrawal order across account types). Layer 5 — Policy & Planning Direction both When to Use - Deciding which assets to hold in taxable vs tax-deferred vs tax-exempt (Roth) accounts - Evaluating tax-loss harvesting opportunities and managing wash-sale compliance - Computing after-tax returns and tax drag on portfolio perfo…