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If you look at index mutual funds, you will find that so-called 'growth' funds have fewer dividends than so-called 'value' funds. But studies show that you probably do better with value over the long term than with growth.
If you have access to tax-deferred accounts like a Roth or 401k, then you can still do something. Instead of buying Wellesly or Wellington which combine bonds and equities into a single fund, you can buy a bond fund and put it in your tax-deferred accounts; you can buy a stock index fund and put it in your taxable accounts. The income from the bond fund, you will not need to pay taxes on (if you don't take it out of your tax-advantaged accounts). The unrealized capital gains on the stock index fund are not taxed, so no taxes there either. You are left with the dividends paid by the stock index fund which you must pay tax on. The dividends should amount to less than 2% of the value of your taxable stock index funds.
Furthermore, if you don't want to pay taxes on those dividends, you can donate an equivalent amount to charity. But don't donate the dividends. Instead donate appreciated stock that you have held for at least one year.
If you don't have enough space in your tax-deferred accounts for such a scheme (and everyone should be doing this tax savings scheme), then you can use tax-exempt bonds or you can purchase a low-cost variable annuity from Vanguard or TIAA-CREF to stash your fixed income in.
The bottom line is that you can set up your investments so that you have virtually no Schedule B and Schedule D income if you like and pay almost no taxes on investments. That's one of the privileges of being wealthy.
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