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1) Depends on your tax rate. It may make no difference for lower income households.

2) Actively managed would be one where you have turned over buy and sell decisions to a fund manager in one form or another. Such is likely to generate more activity which would result in more taxable gains (short and long term) on an annual basis if held in a taxable account.

3) It depends. If all else is equal, individual stock outside of an IRA is better; especially if your tax bracket would have you pay taxes higher than 15%.

We are opening an IRA to supplement a 401k.

Caution. Your ability to claim a tax deduction on a traditional IRA may be prohibited if you are covered by a 401k.
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