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Wayne,
I am not really afraid of having a Tax Bill from withdrawing from IRA accounts. I am not planning on withdrawing from the Tax Deferred Accounts for 20 Years. My wife has a large enough income right now that I am looking for the least Taxes to pay for the next 10 years. So I am going for Max Capital Gains.
I look at a Large Tax Bill as I nice problem to have 20 years from now. That will mean I'm doing just fine! I am not fond of Capital Gains Losses to use as deductions 
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Thats important information. I recommend that everyone look at some of gummy's pages on tax deferral. He points out that tax deferral is important when deferring to a lower tax bracket, and may actually be costly when deferring to a higher tax bracket. I expect my tax bracket to rise when MRD time hits, so paying some tax now is an emotional negative that the logical part of my brain puts up with. It sounds like you expect a lower bracket in the future, so your circumstances and needs are different.
Alec, no I wasn't commenting on tax efficient funds, but on funds that distribute higher eligible dividend and higher expected capital gains. Even if they are not so tax efficient, I was thinking that the tax treatment would be the overriding factor. Given cutthroats tax position, I would look at tax efficiency AND eligibility of capital gains and dividends for favorable tax treatment.
I didn't see any comments on the foreign tax credit issue above. I know that in the past I have held funds that extended such credits to me. What is the concensus of holding international funds in a taxable vs tax-deferred account? Are dividends eligible? Is the tax credit significent?
Wayne
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