Excellent article and comments. As a DIY, to my younger self, I would say diversification is more than about your asset allocation but also your account allocation. In my 60’s, I find this article and comments spot on in discussing the interplay between accounts, taxes, estate planning, gifting, Medicare, social security claiming strategies, and more. It isn’t still simple, or a one size fits answer, but articles and comments like this show it is definitely possible to come up with reasonable decisions. I use my tax advisor as a resource and sounding board in analyzing the various trade offs in my own situation.
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Excellent article and comments. As a DIY, to my younger self, I would say diversification is more than about your asset allocation but also your account allocation. In my 60’s, I find this article and comments spot on in discussing the interplay between accounts, taxes, estate planning, gifting, Medicare, social security claiming strategies, and more. It isn’t still simple, or a one size fits answer, but articles and comments like this show it is definitely possible to come up with reasonable decisions. I use my tax advisor as a resource and sounding board in analyzing the various trade offs in my own situation.
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Link to comment from January 21, 2023