An Exploration of an Individual’s Decision-Making Regarding Tax-Deferred Investment Plans
DOI:
https://doi.org/10.1016/1057-0810(91)90036-XAbstract
Several decision making models are presented in this article for allocating an individual’s savings in tax-deferred opportunities. Because the models are general, they can examine any number of tax-deferred opportunities. The resource allocation problem is formulated as a linear program. Historical or forecast values of costs and returns are used as exogenous parameters of the linear program. The model is simulated under different scenarios to demonstrate that the linear programming approach can be fruitful, simple, and insightful in bridging the gap between theoret- ical findings and actual investment in various tax-deferred opportunities. The _/our- naZofRiskandZnsurance, Vol. LVIII, No. 2 (June 1991), pp. 205-226. (Reprinted with permission of The Journal of Risk and Insurance.)
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