Looking4Ward
Full time employment: Posting here.
Once I retire at the end of this month, I'll be spending down my after-tax investments over the next 15 years before I tap SS and 401k.
Currently, all of my after-tax Vanguard accounts are setup to re-invest dividends and capital gain distributions. The brunt of those investments are Wellington and Wellesley.
But I thought I read on this forum that it's better to have dividends and CG distributions distributed to a money market or bank account and spend those first rather than invest them back into the fund.
Is that true?
Currently, all of my after-tax Vanguard accounts are setup to re-invest dividends and capital gain distributions. The brunt of those investments are Wellington and Wellesley.
But I thought I read on this forum that it's better to have dividends and CG distributions distributed to a money market or bank account and spend those first rather than invest them back into the fund.
Is that true?