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Larson's Stock Picks for Your Taxable Account

Morningstar's Paul Larson highlights three undervalued tax-efficient stocks that have reinvested profitably for investors, plus one attractive MLP that offers a nice tax-advantaged income stream.

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Jason Stipp: I'm Jason Stipp for Morningstar. It's Tax-Wise Investing Week on Morningstar.com, and today we're talking about how to maximize those taxable accounts.

One way to do that is to pick low- or no-yielding stocks for your taxable accounts; it will help save on that tax bill, but you want to pick the right kind of company. Here with to walk us through some of those steps is Morningstar's Paul Larson, he is the editor of Morningstar StockInvestor and an equity strategist.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.