Quote:
Originally Posted by kingofbeer
This is critical. "Due to the ETF tax efficiencies, the general rule of thumb is ETFs for taxable accounts and mutual funds for tax deferred IRAs/401Ks."
I know someone (not me) who invested hundreds of thousands of dollars in mutual in a taxable account. Had huge losses and still had to report the capital gains distributions on their tax returns. That's why it is better to speak with your tax advisor before making investment decisions on your investment accounts.
ETF'S are a better option than mutual funds for both taxable and non-taxable accounts, IMHO.
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I agree with the last sentence/statement.