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Academy of Financial Services Annual Meeting 2022

del 27 al 28 de September del 2022

Virtual Conference via Zoom

Kentucky Windage for Asset Allocation

miércoles, el 28 de septiembre de 2022 a las 11:00–11:55 EDT add to calendar
Zoom
Keywords

portfolio choice, asset allocation, taxes

Short Description

Tax-deferred accounts require incurring taxes to access the money inside. This tax liability means a dollar is not necessarily a dollar when evaluating the asset allocation. While the concept of after-tax asset allocation is well established, portfolio management software has lagged behind in implementing it. We describe a simple adjustment to the portfolio asset allocation target that hits the desired after-tax risk level.

Lead & Corresponding Author

William W Jennings, PhD CFA CGMA, USAF Academy

Additional Authors

Brian C Payne, University of Nebraska at Omaha
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