Feng Shui Your Financial House

You’ll Make Oodles More Money If You Follow This Simple Strategy

The tax impact of putting assets in the wrong vehicles is huge

If you’re in a hurry, here’s the TLDR on today’s financial task:

Optimize the location of your assets.

Each asset class is taxed differently (In the U.S., anyway). You can save a lot in taxes by stashing your different assets in the most tax-efficient places. Once you have your asset allocation done, figure out the best asset location for your holdings.

If you want the full story, here’s the scoop:

If the holdings in your tax-deferred and tax-exempt accounts are the same as your taxable accounts, you’re going to waste thousands and thousands of dollars by paying taxes you legit, 100% don’t need to pay.

This is especially true if you’re young and a high-earner.

Who wants to do that?🤷🏻‍♀️

After you’ve figured out your asset allocation (the mix of stocks, bonds, cash and real estate in your portfolio based on your risk tolerance, circumstances and stage of life) you need to choose the best location for those assets.