this still doesn't account for tax planning. Like your bond allocations should be in an IRA/401(k), not in a taxable brokerage account.

Also, which bonds? What about international exposure?

What about tax loss harvesting?

what about mid-term savings (like buying a house)?

holding a position generates no taxable income unless you fuck up and buy an etf backed by section 1256 or something. make it sound complicated and sell products who cares