Category: Top Posts

Closed-end funds can give your retirement income a boost through managed distributions in an environment where the fund managers can stick to long-term strategies.  This ultimate guide to closed-end funds provides all of the knowledge and resources needed to start investing in CEFs. Article Outline: How closed-end funds differ from mutual funds and ETFsUnique attributes of closed-end fundsWhat is included in fund distributionsA deeper dive into return of capitalRules for buying closed-end fundsThe risks associated with closed-end funds Your introduction to closed-end funds Closed-end funds are the lesser-known cousins of the mutual funds you know and love.  You see, there are two different categories of mutual funds: open-end funds and closed-end funds.  Open-end funds are the typical mutual fund you are familiar with in your 401k.  Closed-end funds are a tiny portion of the…

Some investments are better in certain accounts because of different tax structures. Here's how to align those tax structures to minimize taxes. To maximize your financial independence goals, you need to increase income, minimize expenses, maximize investment gains, and minimize the taxes paid on those gains.  This article will tackle that last item. I group different account types together based on their tax structure.  With that mindset, we have: What types of accounts are there? What does each account type mean and when should you use each account type? Health Savings Accounts are one-of-a-kind and should be maxed out if a high deductible health insurance plan fits into your family’s needs. It is the only account type where it's possible to not pay any taxes on the money. Ever! The Roth IRA category includes Roth…