morsetaper2
Confused about dryer sheets
- Joined
- Jun 14, 2008
- Messages
- 2
Still working, FIRE in 1-2 yrs +/- ? For years I have had my 401-k & Roth IRA contributions maxed out. Still managed to put a nice chunk of $$ into a VG Taxable acct., its at a little over $400,000 now.
Mix is approx:
$48k VMFXX MM,
$79k VG Tot Stk Indx
$262k VG Wellsley
$19k Totl World ex US Indx
That acct is generating a tax bill while I am still working. Is it just the cost of an appreciating investment?
If I were to sell portions of this to improve the asset alloc, or say put some in a tax free muni fund. I would get hit with a tax bill and its unlikely the tax free muni fund would appreciate as well as the above mix.
Once I stop working I plan to draw the taxable acct down first, as well as my RO IRA, 401-k, & Roth IRA to do my best to minimize tax hit.
But in the present time...should I just let the taxable acct be? Or do something else with it? The asset allocation leaves a bit to be desired. Just have been reluctant to sell any of it while I'm working because of the tax hit I would incur. Any advice, I'm all ears.
Mix is approx:
$48k VMFXX MM,
$79k VG Tot Stk Indx
$262k VG Wellsley
$19k Totl World ex US Indx
That acct is generating a tax bill while I am still working. Is it just the cost of an appreciating investment?
If I were to sell portions of this to improve the asset alloc, or say put some in a tax free muni fund. I would get hit with a tax bill and its unlikely the tax free muni fund would appreciate as well as the above mix.
Once I stop working I plan to draw the taxable acct down first, as well as my RO IRA, 401-k, & Roth IRA to do my best to minimize tax hit.
But in the present time...should I just let the taxable acct be? Or do something else with it? The asset allocation leaves a bit to be desired. Just have been reluctant to sell any of it while I'm working because of the tax hit I would incur. Any advice, I'm all ears.