Thank you, retired@50, for your valuable guidance. I appreciate you taking the time to provide those links. I’ve gone through the wiki pages and found the information incredibly helpful.
I agree that our portfolio could benefit from some adjustments, especially regarding tax-efficient fund placement and reducing the cash positions in our taxable accounts. Your suggestion to hold our entire bond allocation in tax-deferred accounts makes a lot of sense, and I’ll be working on reallocating those funds accordingly.
As for the backdoor Roth strategy, I’ll definitely review the cautions related to the pro-rata rule and consider the best course of action for our Traditional IRAs.
I was hoping to get some feedback from this knowledgeable community before making these changes, and your insights have provided a great starting point. Thanks again for your help!
I agree that our portfolio could benefit from some adjustments, especially regarding tax-efficient fund placement and reducing the cash positions in our taxable accounts. Your suggestion to hold our entire bond allocation in tax-deferred accounts makes a lot of sense, and I’ll be working on reallocating those funds accordingly.
As for the backdoor Roth strategy, I’ll definitely review the cautions related to the pro-rata rule and consider the best course of action for our Traditional IRAs.
I was hoping to get some feedback from this knowledgeable community before making these changes, and your insights have provided a great starting point. Thanks again for your help!
Statistics: Posted by ahfwi — Thu Jul 25, 2024 5:06 pm