Quantum Sufficit
Recycles dryer sheets
- Joined
- Jan 24, 2011
- Messages
- 128
Hi my wife and I hold wellington as 100% of our portfolio. I have settled on this (probably) as my allocation as it (although not AS DIVERSIFIED- ie, large cap value) seems to throw off a moderate income and has weathered downturns well. It is a good all around fund. The only issue with the fund in taxable is that its dividends are 40% taxable in the 15% bracket as only 60%of its dividends are qualified.
With 2 M in this portfolio we have about 52k in dividends x 0.4 = 20,800 in taxable dividends. We do not have a mortgage so this would consume all of the standard deduction and go over I believe (standard ded. is around 20k).
It would have also had 28,000 shares x 2.26 in long term capital gains= 63k in longterm capital gains. So what would be my tax liability if the whole portfolio was in taxable accounts. In reality, 20% of the portfolio is in IRA's. I believe a married couple can earn around 95k and still remain in 15% bracket.
With 2 M in this portfolio we have about 52k in dividends x 0.4 = 20,800 in taxable dividends. We do not have a mortgage so this would consume all of the standard deduction and go over I believe (standard ded. is around 20k).
It would have also had 28,000 shares x 2.26 in long term capital gains= 63k in longterm capital gains. So what would be my tax liability if the whole portfolio was in taxable accounts. In reality, 20% of the portfolio is in IRA's. I believe a married couple can earn around 95k and still remain in 15% bracket.
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