12-13-2019, 09:51 AM
I have different rules for each type of account. Such as, my taxable brokerage account will hold a lower dividend yielder than I will hold in my retirement accounts. Stocks that have foreign withholding taxes will be held in my taxable brokerage account. REITS, utilities, and high dividend payers will be held in my retirement accounts. Though these aren't set in stone rules as I do have a few lower yielders in my retirement accounts. Though I don't currently have any, publicly traded partnerships will be held in retirement accounts.
The reason for the high yielders and publicly traded partnerships being in retirement accounts is because I am self employed with 2 kids, some years I qualify for EITC. Playing around with income and expenses at year end can do this. Too much passive income can disqualify you from receiving EITC. No point in giving up a nice credit when you can get it.
The reason for the high yielders and publicly traded partnerships being in retirement accounts is because I am self employed with 2 kids, some years I qualify for EITC. Playing around with income and expenses at year end can do this. Too much passive income can disqualify you from receiving EITC. No point in giving up a nice credit when you can get it.