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[quote=Anonymous][quote=Anonymous]What are you investing in?  If you buy a single stock you will owe annual tax on dividends (if any) and cap gains (if any) when you sell it.

Same is true for index funds, although with a lot of stocks in the index it’s likely at least some of them will pay dividends— probably around 2% is a good estimate, maybe less.

If you buy an actively traded fund you may owe more especially if you hold it as a fund not an etf because funds have to pay out any gains on stock sales. [/quote]

I'm thinking about an ETF.  So far, I've only ever invested in 401k, Roth (when I qualified), and traditional IRAs.

Bigger picture, I'm trying to decide what to do with $100,000 that I will be inheriting. My DH and I already invested some of our savings in I-bonds and I'm trying to determine what to do with this lump sum.  I've considered mortgage recasting, principal is now $817k with a 3.99% rate and we're in the 24% bracket.  That would lower our monthly payment by $689 a month.  (Worth noting, I'm currently a SAHM, so I don't have the option to do more than a Spousal IRA.)[/quote]

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