Most people do not have one account -- they have a 401(k), an IRA, a Roth, and maybe a taxable brokerage. Your target allocation applies to the total across all accounts, not to each account individua...
Most people do not have one account -- they have a 401(k), an IRA, a Roth, and maybe a taxable brokerage. Your target allocation applies to the total across all accounts, not to each account individually. Rebalancing means looking at the whole picture and making moves where they are most tax-efficient.
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