Rick Ferri wrote:Xia,
If you are in the high tax bracket, REITs and the Total Bond Market Index Fund are not tax savvy investments in a taxable account. They would go into a non-taxable account if you have one.
If you have only taxable money to invest, then I would recommend Taylor's Thrifty Three portfolio as your core and substitute the Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX - fee 0.08%) for the Total Bond Market Index Fund.
Thank you very much for your quick response, and for the advice.
I am in a low tax bracket, since my only income is from my investments. So that income, combined with my (still working) husband's income puts us in the 15% federal tax bracket. My investments are almost all taxable, I only have ~ 6.5% in tax-deferred. I currently hold individual stocks and bonds (in the taxable account) and intend to switch to Vanguard mutual funds at some point over the next month or two. I will look up Taylor's Thrifty Three port.
Thanks again for your assistance!