Investing Specialists

Tax-Efficient Saver Portfolios for Vanguard Investors

Christine Benz

Given the strength of the six-plus year rally in stocks (recent weakness notwithstanding), many market prognosticators have warned investors to expect muted future returns.

A lackluster return forecast argues for saving more, not just in tax-advantaged accounts but also in taxable accounts, and staying vigilant on the cost front. After all, direct investment and transaction costs as well as tax costs can all eat into returns.

Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.