Asset Location in Tax-Deferred and Conventional Savings Accounts / John B. Shoven, Clemens Sialm.

Format:

Book

Author/Creator:

Shoven, John B.

Contributor:

National Bureau of Economic Research.

Sialm, Clemens.

Series:

Working Paper Series (National Bureau of Economic Research) no. w7192.

NBER working paper series no. w7192

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1999.

Summary:

The optimal allocation of assets among different asset classes (such as stocks and bonds) has received considerable attention in financial theory and practice. On the other hand, investors have not been given much guidance about which assets should be located in tax-deferred retirement accounts and which in conventional savings accounts. This paper derives optimal asset allocations (which assets to hold) and asset locations (where to hold them) for a risk-averse investor saving for retirement. Locating assets optimally can significantly improve the risk-adjusted performance of retirement savings.

Notes:

Print version record

June 1999.