Sentences with phrase «funds in my taxable brokerage account»

I own seven mutual funds in my taxable brokerage account.

Not exact matches

Based on reading your site it looks like your were making six figures every year, at which point you probably maxed out 401 K plans, and then had an amount equivalent to 2 — 3 times the 401K contribution left over to fund investments in a taxable brokerage account.

A higher portfolio turnover will result in higher transactional and brokerage costs and may result in higher taxes when Fund shares are held in a taxable account.

And since I will need to do a large re-balancing in the next month (since I need to sell a large amount in my taxable brokerage account to invest in the new small family business previously discussed) there is no better time to re-analyze my current portfolio of actively managed funds.

This is especially important for actively managed funds because they can become closed to new accounts, but if you already had an account established in both your IRA and taxable brokerage you could continue to contribute to either one as you please.

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.

For example, when I sold a significant amount from my taxable brokerage account to invest in a small business, I sold index funds in a few lump sums over 6 or so weeks.

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.

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:

Because if you are like us and have other funds to live on for the initial years of early retirement (our taxable brokerage account in particular), then you can rollover funds from your Traditional IRA to Roth IRA slower and drag it out over many years since income up to $ 28,900 is all tax free (the combo of deduction and exemptions).

You could put money in a regular taxable mutual fund or brokerage account, paying taxes on your investment income every year, and racking up more tax liability when you sold your shares after their value had risen.

While we have focused on maxing out our more tax efficient IRA and 401k retirement accounts, all remaining funds available to save for retirement have been tucked away in this taxable brokerage account.

Example 1: Married couple with $ 200,000 in income in the state of Virginia, age 45 with 1 child and $ 120,000 in assets that count towards the EFC calculation (assume 529 plans, emergency fund, taxable brokerage account, etc).

That savings account can then be linked to automatically transfer set amounts per month to a brokerage IRA or taxable account, where the money can be automatically or nearly automatically invested in low - cost index stock funds.

Most online brokerages provide a wide - range of investment options including stock, bonds, mutual funds and ETFs in taxable accounts or IRAs and other tax - deferred investment vehicles.

For example, all - in - one funds are tax - inefficient if the portfolio includes a taxable brokerage account.

Examples include purchasing directly from a fund company, via a broker in a taxable brokerage account, or inside another tax deferred pension plan such as an IRA.

Any profits realized in a taxable account held with a robo advisor, whether in the form of dividends or realized capital gains, are subject to taxes as they would be in a brokerage or mutual fund account.

Despite reporting that tax breaks are important to them, 68 % of college savers are saving in taxable bank accounts and 55 % are saving in taxable stocks, mutual funds and brokerage accounts.