Now that we’re in another tax time, lots of Americans begin to question their money choices and how they impact the taxes they owe. Among those questions is which bonds belong in taxable accounts. Read on for some advisor-backed ideas that may help protect your money in future tax years. Keep State Laws in Mind “Advisors who make blanket recommendations of placing municipals in taxable accounts and corporates in accounts with tax deferral ignore the specifics of state-specific tax law,” said Chad Cummi ...

Core Insights - The individual is considering funding a $15,000 roof repair using funds from four retirement accounts, highlighting the financial decision-making process involved in accessing retirement savings for immediate needs [1][2]. Group 1: Retirement Accounts Overview - The individual has four retirement accounts: a Roth IRA with $16,000, a money-market account with $16,000, a traditional IRA with $460,000, and a 401(k) with $43,000 [3]. - The traditional IRA and 401(k) are heavily concentrated, making up nearly 95% of the individual's portfolio, which could lead to significant taxable income upon withdrawals [8]. Group 2: Financial Implications of Withdrawals - Withdrawals from the money-market account are suggested as the most efficient way to fund the roof repair, as they do not incur penalties and allow retirement accounts to remain untouched [5][7]. - Taking money from traditional retirement accounts would not only incur taxes but could also push the individual into a higher tax bracket, increasing the overall cost of the roof repair [6].