While most individual investors understand the concept of asset allocation, today’s article states that the same cannot be said about their understanding of asset location, which the author describes as “placing or locating assets in the most tax-efficient account type.” To demonstrate the potential impact of strategic asset location, the author outlines an example where the hypothetical investor’s asset location choices end up producing a difference of over $1 million! To read more about this scenario, as well as for a guide on where you might want to consider placing different types of securities, CLICK HERE.