This is a timely topic that does not get enough attention. Putting assets in the right location can dramatically change your after-tax returns. As tax laws are set to change next year consider putting your bonds, REITs, high dividend paying stocks into IRA's, 401k's, and low cost annuities. Put your municipal bonds and tax efficient stocks and stock funds in taxable accounts. Tax rates are near historic lows and we can anticipate rates increasing over the next decade, so now is the time to start building this into your planning.