Dreaming of Freedom
Recycles dryer sheets
- Joined
- Jan 14, 2015
- Messages
- 206
My boyfriend and I are going to end our business relationship with his financial adviser soon, and I would be taking over the management of his accounts. I have a decent grip on many areas of financial planning, but my knowledge of what funds are good for tax efficiency in a taxable account is lacking. I have read that most bond funds and REIT's are bad to hold in a taxable account due to taxes, and that mutual funds & ETF's that distribute qualified dividends and hold off on capital gains until you sell them are good for taxable accounts.
Here are the funds he owns that I am wondering about with respect to tax efficiency:
VOE: mid cap value ETF. Tax Efficient?
VBK: small cap growth ETF. Tax Efficient?
VTV: large cap value ETF. Tax Efficient?
VFINX: large US blend mutual fund. Good or bad?
SWPPX: large US blend mutual fund. Good or bad?
IVIQX: foreign small/mid cap value mutual fund? Good or bad?
FINSX: large growth US mutual fund. Good or bad?
TOLIX: large blend all world mutual fund. Good or bad?
ANJIX: large foreign value mutual fund. Good or bad?
OSTIX: high yield bond fund. NOT tax efficient, right?
SWQXX: Neutral? cash reserve account that makes no money anymore
I want to have mutual funds and ETF's that do not produce a lot of unqualified dividends and/or a lot of short term capital gains, right? I am in the 15% tax bracket. What do you keep in your taxable accounts?
Also, I am all for learning how to "intentionally" cause and harvest capital gains and losses, but I am still a newbie, and it would be nice if I don't have to do that quite yet. I worry that I could really screw up and regret something come tax time, so good, tax efficient funds would be best for me at this time.
Finally, some of the mutual funds above have pretty high expenses, so I plan to sell them and buy funds with much lower expenses in the near future if that means anything in the bigger tax picture.
Thanks for the help!
Here are the funds he owns that I am wondering about with respect to tax efficiency:
VOE: mid cap value ETF. Tax Efficient?
VBK: small cap growth ETF. Tax Efficient?
VTV: large cap value ETF. Tax Efficient?
VFINX: large US blend mutual fund. Good or bad?
SWPPX: large US blend mutual fund. Good or bad?
IVIQX: foreign small/mid cap value mutual fund? Good or bad?
FINSX: large growth US mutual fund. Good or bad?
TOLIX: large blend all world mutual fund. Good or bad?
ANJIX: large foreign value mutual fund. Good or bad?
OSTIX: high yield bond fund. NOT tax efficient, right?
SWQXX: Neutral? cash reserve account that makes no money anymore
I want to have mutual funds and ETF's that do not produce a lot of unqualified dividends and/or a lot of short term capital gains, right? I am in the 15% tax bracket. What do you keep in your taxable accounts?
Also, I am all for learning how to "intentionally" cause and harvest capital gains and losses, but I am still a newbie, and it would be nice if I don't have to do that quite yet. I worry that I could really screw up and regret something come tax time, so good, tax efficient funds would be best for me at this time.
Finally, some of the mutual funds above have pretty high expenses, so I plan to sell them and buy funds with much lower expenses in the near future if that means anything in the bigger tax picture.
Thanks for the help!