Tax Diversification: An Untapped Resource for Wealth Over Your Lifetime

Sure, diversifying is a good idea for investors, but unless part of your diversification strategy is based on how your investments are taxed, you could be missing out in retirement.

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Conventional wisdom recommends diversifying investment holdings so that when one sector or asset class dips, another can make up the difference. And, for the average individual, diversification has always focused on equities, and equities alone.

That’s a problem.

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Phil Simonides, CFP®
Senior Vice President, McAdam Financial
Phil Simonides, CFP®, is Senior Vice President at, where he oversees the firm's Washington, D.C. metro, Chicago, Boston and central New Jersey offices. As a member of the executive team, Simonides serves as the Chair of Advanced Planning at the firm, specializing in strategies for high net worth individuals and families, and business owners. He joined McAdam in 2011 after having spent the majority of his 29-year career at Ameriprise Financial.