The authors considered an individual investor who holds a financial portfolio with funds in at
least two of the following accounts: a taxable account, a tax-deferred account, and a tax-…

Asset allocation is profoundly influenced by at least two underappreciated concepts. First,
tax-deferred accounts—for example, 401(k)s—are like partnerships in which the investor owns …

Several studies have found fundamental flaws in the traditional approach to managing
individual investors’ portfolios, including a failure to distinguish between $1 of pretax funds in a …

This paper investigates the issue of whether financial reports appear to convey, at least in an
implicit fashion, information on risk. The paper extends previous analyses by using the risk …

This study reviews empirical evidence from four research methods related to the impact of
money on short‐term nominal rates. The studies consistently fail to find evidence supporting …

Private wealth management is the investment management specialization focused on high-net-worth
individuals and families. Portfolio design and investment solutions in private wealth …

We study the factors affecting the cross section of net returns of money market mutual funds
from 1990 through 1994, and the persistence of relative returns across years. We find that …

Two conclusions are reached about how a family should calculate its asset mix. First, if the
assets will be used to finance retirement needs, the asset mix should be based on after-tax …

Add Value to any Client’s Portfolio With Tax-Saving Strategies" Bill Reichenstein and William
Jennings are two of the industry’s very few true pioneers. This book should be on the short …

WILLIAM REICHENSTEIN holds the Pat and thomas R. Powers Chair in investment management
at Baylor University, Waco, Texas. value of the pension in retirement is $300,000 (1+ k) …