Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances

The rapid growth of assets in self-directed tax-deferred retirement accounts has generated a new set of financial decisions for many households. In addition to deciding which assets to hold, households with substantial assets in both taxable and tax-deferred accounts must decide where to hold them.

自主管理的税收递延退休账户（self-directed tax-deferred retirement accounts）中资产的快速增长，为许多家庭带来了一系列新的财务决策。除了要决定持有哪些资产外，在应税账户（taxable accounts）和税收递延账户中均拥有大量资产的家庭还必须决定将这些资产存放在何处。