Sentences with phrase «multiple taxable accounts»

If you can't avoid having multiple taxable accounts, at least take care to avoid holding the same ETF in more than one.

Upon retirement, consolidating all of these tax - sheltered accounts into a single IRA for each retiree, and steering multiple taxable accounts into a single account, can greatly reduce the number of moving parts in the retirement portfolio.

Not exact matches

You can choose an individual account (in your name only) or a joint account (with multiple equal owners), or you can open other types of taxable accounts.

Delving into Portfolio 5 (from the post on Some Real Portfolios) will give us a chance to explore constructing an integrated portfolio using multiple accounts at multiple institutions (IRAs, a 401 (k), and a taxable account).

So basically what I think I understand you're saying is that, in my overall portfolio, it needs to be in a taxable account, it can't be in a retirement account, so let's say I have multiple mutual funds, some are going up, some are going down, it's a diversified portfolio.

The other thing I would suggest is to consider the tax implications of each investment and then balance them across multiple accounts; ie, the stuff that generates interest and that is taxed at the highest rates (Bonds, GICs, REITs) goes in your TFSAs, International stuff goes into your RRSPs so there's no withholding of foreign dividends, and stuff that generates Canadian dividends goes in your taxable account to get the Canadian gross up tax dividend.

It is only relevant when you have multiple accounts (Taxable, TFSAs and RRSPs), and you Asset Allocate your wealth as a whole instead of each account independently.

If you'd like to leave taxable bank or brokerage accounts to multiple beneficiaries, it's smart to do so via your will rather than transfer / payable on death registration.

You can choose an individual account (in your name only) or a joint account (with multiple equal owners), or you can open other types of taxable accounts.