Hello, all,
Ok, so let's say I take UncleMick's advice and decide to plunk most of my retirement money in a balanced fund and forget about it. This works very well in retirement accounts, but what about taxable ones?
I am in my late 20's and will be in at least a high 20-something tax bracket for a very long time (wife just graduated from law school so hopefully higher 8) ) Half of my retirement money is outside retirement accounts. I've considered Vanguard's Tax-Managed Balanced fund which is half muni's. This seems like a good strategy while I'm working but I don't know if I'll be in a high enough tax bracket when I retire to justify muni's over taxable bonds.
I would love to put 90%+ in balanced funds (with a little left over to dabble) and just forget about it but I don't know if it will work in my particular situation.
Any thoughts or suggestions?
Thanks,
Jay
Ok, so let's say I take UncleMick's advice and decide to plunk most of my retirement money in a balanced fund and forget about it. This works very well in retirement accounts, but what about taxable ones?
I am in my late 20's and will be in at least a high 20-something tax bracket for a very long time (wife just graduated from law school so hopefully higher 8) ) Half of my retirement money is outside retirement accounts. I've considered Vanguard's Tax-Managed Balanced fund which is half muni's. This seems like a good strategy while I'm working but I don't know if I'll be in a high enough tax bracket when I retire to justify muni's over taxable bonds.
I would love to put 90%+ in balanced funds (with a little left over to dabble) and just forget about it but I don't know if it will work in my particular situation.
Any thoughts or suggestions?
Thanks,
Jay