Vanguard’s $106 million target-date fund settlement offers a key lesson about taxes

Vanguard’s 6 million target-date fund settlement offers a key lesson about taxes

Key Points

Vanguard Group settled with the SEC on Friday over allegations tied to its target-date funds and investor taxes.
There’s a lesson about “asset location” for investors.
This strategy pairs tax-inefficient assets like many bonds and actively managed mutual funds with tax-advantaged account types like 401(k) plans and individual retirement accounts.

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