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pseudonym · 2023年11月24日

money market account是taxable account吗

* 问题详情,请 查看题干

NO.PZ202212280100005201

问题如下:

(1) The broker suggests that Young rebalance her $5.5 million money market account and the $3.0 million tax-deferred retirement account periodically in order to maintain their targeted allocations. The broker proposes the same risk profile for the equity positions with two potential target equity allocations and rebalancing ranges for the two accounts as follows:

· Alternative 1: 80% equities +/– 8.0% rebalancing range

· Alternative 2: 75% equities +/– 10.7% rebalancing range

Determine which alternative best fits each account.


解释:

如题,答案中关于5.5million的这个账户可以再详细解释一下吗?谢谢

1 个答案

lynn_品职助教 · 2023年11月25日

嗨,从没放弃的小努力你好:


用到的是这个知识点:

如果有税的影响,实际的税后波动性是要小于税前波动性的,收益要交税,亏损可以抵税,你可以想象成税局帮你分摊了一部分风险;波动性小,rebalancing range越大。因此对于普通的税收账户,因为投资要征税,所以波动性要小,rebalancing range大;反之,有税收优惠的账户,它的波动性就会相比普通的税收账户要大一些,rabalancing range小。

回到这一题,5.5m的账户实际上就是普通的税收账户,因此波动性要小,rebalancing range大,所以选择alternative 2。

3m的递延退休账户是税收优惠账户,波动性大,rebalancing range小,所以选择alternative 1。

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