Great Funds for Your IRA
Need IRA ideas? I've got more than 20.
Is it IRA season already? How time flies.
When I think about what funds are best suited to an IRA, I think of three angles on it. 1. Maximize long-term returns; 2. Maximize asset location by selecting an asset class or fund strategy that you want to own but is highly tax-inefficient (I wouldn't go out of my way to pick tax-inefficient funds, but if you know you want to own them, why not take advantage of the IRA's tax shelter?); 3. Reduce volatility because you are near the time of forced withdrawals.
Russel Kinnel has a position in the following securities mentioned above: PCRIX, LSBRX, RYSEX. Find out about Morningstar’s editorial policies.