However, the idea that a person with a high income should also have a lot in bonds is not so. Asset allocation depends on many things at various stages is life and does not necessarily dictate a high bond allocation just because one has high income. [/quote]
Just about any typical recommended portfolio would recommend having arouund 30% to 50% allocation to bonds.[/quote]
Apparently a different interpretation of language. For me "high" is when bond allocation might be 60%-70%. I call 50% moderate and 30% low.
However, your concern about taxes is still valid and posters have been suggesting solutions.
The point that asset allocation depends on many things other than income is also true. There is no set of typical recommended portfolios that are 30%-50% bonds although it is possible that after you personally have made some estimates of tolerable risk that recommendations for you come back in that range. Investors on this forum follow quite a range, anywhere from 0% to 80% or more in bonds. On this survey of over 65's the range in bonds runs from 30% to 70%.viewtopic.php?f=1&t=110856