However, if you understand the
complexities of mutual
fund taxes and are prepared when tax season comes
around, you may be able to lessen the blow.
However, if most of your investments are in a tax - privileged account, you just don't want to mess
around with more
complexity, and you have access to a decent target - date
fund, then a target - date
fund with an allocation that's appropriate for your risk tolerance may be the way to go.