Tax Considerations for High-Net-Worth Clients

As a financial advisor, you are working with a high-net-worth client who is 55 years old and is considering various investment strategies for retirement. One major concern for your client is the tax implications associated with their investment decisions. They wish to understand how different asset classes might impact their tax liabilities and what strategies they can employ to optimize their after-tax returns.

In your response, discuss at least three considerations related to tax that the client should take into account when developing their investment portfolio. Include examples of specific asset classes and tax strategies that may be relevant for their situation.