Advanced search
Publication Cover
Financial Analysts Journal Volume 71, 2015 - Issue 1
Submit an article Journal homepage
168
Views
0
CrossRef citations to date
0
Altmetric
Private Wealth Management

Two Key Concepts for Wealth Management and Beyond

William Reichenstein William Reichenstein, CFA, is the Pat and Thomas R. Powers Chair in Investment Management at Baylor University, Waco, Texas, and principal at Retiree, Inc.
, CFA,
Stephen M. Horan Stephen M. Horan, CFA, CIPM, is head of university relations and private wealth at CFA Institute, Charlottesville, Virginia.
, CFA, CIPM &
William W. Jennings William W. Jennings, CFA, is professor of finance and investments at the U.S. Air Force Academy, Colorado Springs, Colorado.
, CFA
Pages 70-77 | Published online: 28 Dec 2018

References

  • Bernheim, B. Douglas, Jonathan Skinner, and Steven Weinberg. 1997. “What Accounts for the Variation in Retirement Wealth among U.S. Households?” Working paper, Stanford University (September).
  • Brunel, Jean L.P.. 2001. “Asset Location—The Critical Variable: A Case Study.” Journal of Wealth Management, vol. 4, no. 1 (Summer): 27–43 https://doi.org/10.3905/jwm.2001.320400.
  • Dammon, Robert M., Chester S. Spatt, and Harold H. Zhang. 2004. “Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing.” Journal of Finance, vol. 59, no. 3 (June): 999–1037 https://doi.org/10.1111/j.1540-6261.2004.00655.x.
  • Horan, Stephen M.. 2005. Tax-Advantaged Savings Accounts and Tax-Efficient Wealth Accumulation. Charlottesville, VA: Research Foundation of CFA Institute.
  • Horan, Stephen M.. 2006a. “Optimal Withdrawal Strategies for Retirees with Multiple Savings Accounts.” Journal of Financial Planning, vol. 19, no. 11 (November): 62–75.
  • Horan, Stephen M.. 2006b. “Withdrawal Location and Progressive Tax Rates.” Financial Analysts Journal, vol. 62, no. 6 (November/December): 77–87 https://doi.org/10.2469/faj.v62.n6.4355.
  • Horan, Stephen M.. 2007a. “An Alternative Approach to After-Tax Valuations.” Financial Services Review, vol. 16, no. 3 (Fall): 167–182.
  • Horan, Stephen M.. 2007b. “Applying After-Tax Asset Allocation.” Journal of Wealth Management, vol. 10, no. 2 (Fall): 84–93 https://doi.org/10.3905/jwm.2007.690951.
  • Horan, Stephen M., and Thomas R. Robinson. 2010. “Estate Planning in a Global Context.” In CFA Program Curriculum Level III. Charlottesville, VA: CFA Institute.
  • Horan, Stephen M., and Ashraf Al Zaman. 2008. “Tax-Adjusted Portfolio Optimization and Asset Location: Extensions and Synthesis.” Journal of Wealth Management, vol. 11, no. 3 (Winter): 56–73 https://doi.org/10.3905/JWM.2008.11.3.056.
  • Lewellen, Wilbur G.. 1977. “Some Observations on Risk-Adjusted Discount Rates.” Journal of Finance, vol. 32, no. 4 (September): 1331–1337 https://doi.org/10.2307/2326534.
  • Reichenstein, William. 2001. “Asset Allocation and Asset Location Decisions Revisited.” Journal of Wealth Management, vol. 4, no. 1 (Summer): 16–26 https://doi.org/10.3905/jwm.2001.320399.
  • Reichenstein, William. 2006a. “After-Tax Asset Allocation.” Financial Analysts Journal, vol. 62, no. 4 (July/August): 14–19 https://doi.org/10.2469/faj.v62.n4.4183.
  • Reichenstein, William. 2006b. “Withdrawal Strategies to Make Your Nest Egg Last Longer.” AAII Journal, vol. 28, no. 10 (November): 5–11.
  • Reichenstein, William. 2006c. “Tax-Efficient Sequencing of Accounts to Tap in Retirement.” TIAA-CREF Institute Trends and Issues (October) http://www.tiaa-crefinstitute.org/research/trends/tr100106.html.
  • Reichenstein, William. 2007a. “Implications of Principal, Risk, and Returns Sharing across Savings Vehicles.” Financial Services Review, vol. 16, no. 1 (Spring): 1–17.
  • Reichenstein, William. 2007b. “Calculating After-Tax Asset Allocation Is Key to Determining Risk, Returns, and Asset Location.” Journal of Financial Planning, vol. 20, no. 7 (July): 44–53.
  • Reichenstein, William. 2008. In the Presence of Taxes: Applications of After-Tax Asset Valuations. Washington, DC: FPA Press.
  • Reichenstein, William, and William W. Jennings. 2003. Integrating Investments and the Tax Code. Hoboken, NJ: John Wiley & Sons.
  • Reichenstein, William, Douglas Rothermich, and Alicia Waltenberger. 2009. “New Roth Conversion Opportunities: Is Converting a Traditional IRA, 403(b) or 401(k) a Smart Move, Unwise or Much Ado about Nothing?” TIAA-CREF Institute Trends and Issues (September) .
  • Reichenstein, William, Alicia Waltenberger, and Douglas Rothermich. 2010. “New Rules for Converting to a Roth IRA.” AAII Journal, vol. 32, no. 1 (January): 12–15.
  • Waltenberger, Alicia, Douglas Rothermich, and William Reichenstein. 2006. “The Expanding ‘Roth’ Retirement Account.” TIAA-CREF Institute Trends and Issues (March) .
  • Wilcox, Jarrod, Jeffrey E. Horvitz, and Dan diBartolomeo. 2006. Investment Management for Taxable Private Investors. Charlottesville, VA: Research Foundation of CFA Institute.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.