Diversification is often associated with how investments are allocated across asset classes, sectors, and markets. While that form of diversification plays an important role in managing risk, it is only one part of a well-structured financial plan.

Tax diversification focuses on a different, but equally important question: where your assets are held. The type of account you use can significantly influence how and when taxes are applied, and ultimately, how much you may pay over your lifetime.

In this episode, Cullen explains how different account types are taxed, the trade-offs associated with each, and why coordinating them strategically can create greater flexibility in both accumulation and retirement phases.

What you’ll learn

• The difference between investment diversification and  ...