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Investing Specialists

4 Strategies for Improving Your Portfolio Without Triggering Extra Taxes

Addressing portfolio problem spots often involves a tax bill; here's how to avoid paying extra and possibly even save.


The current rally in the equity market passed the 10-year mark in March. That’s wonderful news for portfolios: Average 401(k) and IRA balances at Fidelity Investments, for example, exceeded $100,000 as of the second quarter of 2019, and the number of “401(k) millionaires” also increased. 

But enlarged balances also owe a great deal to the stock market’s extended tear, meaning that some investors’ portfolios may be courting more risk than would be ideal.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.