Sentences with phrase «flexibility in taxable brokerage accounts»
Likewise, Amber Tree Leaves made a great point of having some funds in a specifically designated account for college, but does also favor the flexibility in taxable brokerage accounts:
http://www.thegreenswan.org/ Not exact matches
There is a benefit to owning a lot of the same mutual funds in both IRA accounts and taxable brokerage accounts for one simple reason: flexibility.
As a quick refresher, I was looking for some advice on whether I should 1) switch my 529 plan from Utah to NY based on about 8 bps differential in the total fee structure on my investment selections and 2) whether I should ultimately hold less in my 529 plan in favor of greater flexibility in holding some funds to be used for college in my taxable brokerage account.
Plus, the added benefit of flexibility in using the cash in a taxable brokerage account for anything (as opposed to only education related expenses in the 529 plan) makes the risk of over funding the 529 plan a major detriment.