When clients have both tax-advantaged and taxable accounts, planning involves not only asset allocation but also asset location, making advisers consider what goes where.
“Assets that generate more ordinary income, such as taxable bonds and bond funds, may be better in [individual retirement accounts],” says Jessica Hovis Smith, a CFP and the vice president and director of financial planning at Longview Financial Advisors in Huntsville, Ala.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access