[Verse 1] Sarah stacks her paycheck into buckets, three distinct domains Taxable accounts hold REITs and bonds that generate the gains Tax-deferred shelters grow her index funds without the annual bite While Roth accounts nurture dividend stocks in tax-free light [Chorus] Asset location, optimization station Put the right investments in the proper destination Bonds in traditional, stocks in Roth you see Tax-loss harvesting sets your capital free Maximize after-tax, that's the golden key [Verse 2] December rolls around, her portfolio shows some pain Tech stocks dropped twenty percent, but here's her clever gain She sells the losers, captures losses to offset her wins Then waits thirty-one days before buying back again [Chorus] Asset location, optimization station Put the right investments in the proper destination Bonds in traditional, stocks in Roth you see Tax-loss harvesting sets your capital free Maximize after-tax, that's the golden key [Bridge] Municipal bonds for wealthy brackets International funds dodge the tax rackets Asset turnover matters most Keep the churning costs from coast to coast [Verse 3] Traditional IRAs defer today's burden down the line While Roth conversions in low-income years help portfolios shine Rebalancing inside retirement shields you from the cost Tax-inefficient vehicles outside leave money lost [Final Chorus] Asset location, optimization station Put the right investments in the proper destination Municipal bonds for higher rates Tax-loss harvesting never waits Maximize after-tax, unlock your wealth's true fate [Outro] Three account buckets, harvest every fall After-tax returns, the prize above them all
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