Level 1: look around at year end to see if there are any losses to harvest to cover gains.
Level 2: move from mutual funds to ETFs.
Level 3: asset location (account vs household for taxable and retirement)
Level 4: 351s, long short direct indexing,etc
Level 5: customization based on goals (compounding vs income…). Traditionally none of the model providers I follow differentiates at level 5 where they separate investors for high/no income and then allocate in a taxable account to things like box spread ETFs and stock funds with zero dividends so that you have no income or dividends.
Are any model providers doing this? Taxable accounts targeting no income/dividends?
