An alarming proportion of plans benefit the financial services industry and the tax man. We, on the other hand, might do better on our own, paying taxes as we...
Introduced in 1993, the vast majority of ETFs invest to an index. They are structured in a tax-efficient way. It can impressively reduce the realization of capital gains. They also have stunningly low expense ratios compared to traditionally managed mutual funds.Today it is possible to build a diversified portfolio of ETFs with an average annual expense cost as low as 0.03 percent. No commissions, either.
Back in 2019, the Texas Legislature voted to end the 2.75% expense cap on 403 offerings to Texas teachers. Now, fees can be higher.Scott Burns: Texas teachers are getting a raw deal in 403 plans But what about having a higher return than 8%? Your expense burden would be reduced, of course, by having a high return.
But if we pay taxes along the way, the tax on the original, after-tax investment is zip when it comes out. The tax rate on qualified dividends and realized capital gains earned on the way to retirement can be as low as zero, but no higher than 20%. For most taxpayers, the tax rate on qualified dividends and realized capital gains will be 15%.
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