Marshall Johnson · Retire With Purpose - The Retirement Podcast · The Hidden Tax Drag That Could Cost You Millions
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places dividend-paying stocks in tax-deferred accounts (IRA/Roth) and growth stocks in taxable brokerage accounts
“That's where you generally want your high growth potential, but tax efficient. So maybe if you own any stock index funds, things of that nature to benefit from the long-term capital gains. Tax deferred accounts, that's usually less tax efficient, but maybe lower return potential”
“I would have it in brokerage first, and then I'd have it in IRA second and Roth third.”
“The rule of thumb is brokerage money first, then retirement money or IRA money… then we let the Roth crock pot bake as long as it can because it’s tax-free.”
“Once you've chosen that account, you can then transfer money into a stocks and shares ISA and preferably into a low-cost diversified fund”
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