 using something passive in a non-retirement account may be beneficial for this purpose. It's not a hard rule that you have to use something passive, but if taxes are a concern for you, it's something that you would want to consider. Using a fund that will have very low turnover within it makes sense from a tax perspective. So when we design our models for retirement accounts versus non-retirement accounts, we do tend to use a few more passive funds in those models, like ETFs, that are not going to kick out those capital gain distributions