I have been reviewing my portfolio based on what I have been reading here and on other links that people mentioned in their posts.
I have made some moves toward reducing costs with index funds and have taken positions in FSTMX (taxable) and FBIDX (ira) and plan to move more toward ETF or index funds as I continue getting things in order.
I have been reading about putting cash and bonds in the IRA since it will be taxed at full rate in either case. I am thinking about selling FDIVX and siome other funds in my IRA and buying the same amount in the taxable account.
I have carry forward losses equql to 5% of my portfolio value that can cancel capital gains in the taxable account.
I am currently employed with a good salary and expect to be working for at least 3 more years. I am 50 and my tax sheltered accounts are 35% of my portfolio.
Should I swap the funds into cash in the IRA and replace in the taxable?
I have made some moves toward reducing costs with index funds and have taken positions in FSTMX (taxable) and FBIDX (ira) and plan to move more toward ETF or index funds as I continue getting things in order.
I have been reading about putting cash and bonds in the IRA since it will be taxed at full rate in either case. I am thinking about selling FDIVX and siome other funds in my IRA and buying the same amount in the taxable account.
I have carry forward losses equql to 5% of my portfolio value that can cancel capital gains in the taxable account.
I am currently employed with a good salary and expect to be working for at least 3 more years. I am 50 and my tax sheltered accounts are 35% of my portfolio.
Should I swap the funds into cash in the IRA and replace in the taxable?