RT Journal Article SR Electronic T1 One Concept and Some of Its Applications JF The Journal of Wealth Management FD Institutional Investor Journals SP 82 OP 91 DO 10.3905/jwm.2008.11.3.082 VO 11 IS 3 A1 William R Reichenstein YR 2008 UL https://pm-research.com/content/11/3/82.abstract AB This article introduces one key concept from the author's most recent book and explores some of its applications. The concept is that a dollar in a tax-deferred account, such as a 401(k), should be viewed as (1 - tn ) dollar in a tax-exempt account, such as a Roth IRA, where tn is the expected tax rate in retirement. This concept has several implications for private wealth management. This article discusses some of these implications and their applications.TOPIC: Retirement