Two issues.1. My wife and I have several DRIP plans, which have gotten great returns, the problem is that every year our tax bill is through the roof because of the annual dividends paid by the plans. How do we minimize our taxes from these DRIPs? Could we: 1) liquidate them, pay the taxes, and put them in tax-managed mutual funds or 2) have the DRIP adminstrators withhold some of the dividends for taxes?2. How does one invest in large lump sum payments and minimize the taxes in the future, when you've maxed out your IRA contributions and are contributing 10% of your salary to your 401k?
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