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Show Notes
We all know about how important it is to have a plan for taxes in retirement. So, we create Roth conversions strategies, but what if I told you there is simple tax savings strategy that is available to anyone.
It's called Asset Location.
This is when you align the tax type of your investments when the tax type of your accounts to minimize your annual tax burden.
For example, your IRA will always be taxed as normal income when you take money from it. Because of this, you would want to have investments that are taxed as normal income in this account type.
Asset location is a simple way to lower your tax bill annually, but many don't know about it or are overlooking this - even advisors...
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