Trying to achieve your target asset allocation across multiple accounts can be quite difficult. It can feel even more so when you consider that each investment vehicle has its own tax consequences. For instance, you may own pre-tax investment accounts, which can include your 401(k), 403(b), individual 401(k), and traditional IRA. You might also own post-tax investment accounts, so called 'Roth' accounts which include the Roth IRA and Roth 401(k) or 403(b) accounts. If all of these are maximized, you may also start placing investments in a taxable brokerage account, like I do.  You start accumulating a lot of investment…

Prior to starting internship and residency, I knew that I had a shortened time frame of 6 months in which to contribute to my 403(b)/401(k), since I would only start earning a salary around July 1 of that year. I also knew that residency would likely be the only time in my career that I would be able to contribute to a Roth IRA (other than the backdoor Roth IRA that I later learned about) and so I definitely wanted to max that out as well. The only problem with such lofty goals is where the money would come from.…