Hi Folks,
In the previous thread I started re my parents’ finances, there was a recommendation made to avoid holding the same assets in taxable as in tax-sheltered to prevent unintentional wash sales. I am now looking at my own portfolio and realizing I’ve made this very mistake.
In my Roth IRAs, I hold VTIAX (mutual fund version of VXUS), VTSAX (mutual fund version of VTI), and FZROX.
In my 401k, I hold VOO.
And in my taxable brokerage, I hold VTI and VXUS.
So, the issue is that I hold VTI and VXUS in both my Roth IRA and taxable.
I think what I should do is reallocate my Roth IRA to get rid of the overlap since I can do this without incurring capital gains. I think one easy way out of this is to change my Roth IRA to be 100% invested in VT, although that’s a few basis points more expensive than my current arrangement. Is this the best course forward, or is there something else I should be considering here?
Thanks!!
In the previous thread I started re my parents’ finances, there was a recommendation made to avoid holding the same assets in taxable as in tax-sheltered to prevent unintentional wash sales. I am now looking at my own portfolio and realizing I’ve made this very mistake.
In my Roth IRAs, I hold VTIAX (mutual fund version of VXUS), VTSAX (mutual fund version of VTI), and FZROX.
In my 401k, I hold VOO.
And in my taxable brokerage, I hold VTI and VXUS.
So, the issue is that I hold VTI and VXUS in both my Roth IRA and taxable.
I think what I should do is reallocate my Roth IRA to get rid of the overlap since I can do this without incurring capital gains. I think one easy way out of this is to change my Roth IRA to be 100% invested in VT, although that’s a few basis points more expensive than my current arrangement. Is this the best course forward, or is there something else I should be considering here?
Thanks!!
Statistics: Posted by TeenyBitBlue — Sun Mar 10, 2024 9:08 pm — Replies 7 — Views 657