EconPapers    
Economics at your fingertips  
 

Asset Location in Tax-Deferred and Conventional Savings Accounts

John B. Shoven and Clemens Sialm ()

No 7192, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: G11 G23 (search for similar items in EconPapers)
Date: 1999-06
New Economics Papers: this item is included in nep-fin
Note: AG AP PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Published as Shoven, John B. and Clemens Sialm. "Asset Location In Tax-Deferred And Conventional Savings Accounts," Journal of Public Economics, 2004, v88(1-2,Jan), 23-38.

Downloads: (external link)
http://www.nber.org/papers/w7192.pdf (application/pdf)

Related works:
Journal Article: Asset location in tax-deferred and conventional savings accounts (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:7192

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w7192

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-09-08
Handle: RePEc:nbr:nberwo:7192