Asset Allocation vs. Asset Location
Asset Allocation
Asset allocation is investing in different asset classes to reduce your investment risk.
VS
Asset Location
Asset location is investing in different tax locations to reduce your tax liability risk.
Investment allocation, reallocation, and rebalancing addresses the portfolio risks. Asset location focuses on the risk of taxation on distributions.
Asset allocation, diversification, and rebalancing do not guarantee a profit or protection against loss. Lighthouse Financial does not provide tax or legal advice. You should seek advice based on your particular circumstances from an independent tax advisor.