I have not seen an IPS question of this nature, but just curious as to how
people would respond to it.
Lets say an individual’s spending requirement is $100,000 and the
individual’s investment account totals $1million.
The individual is taxed 30% on investment income (including bond interest
and stock dividends) and 15% on ‘realized’ capital gains.
If we are asked for the pre-tax return requirement, how would one go
about figuring such a thing out?
Or would CFA simply not ask a question like this?作者: liangfeng 时间: 2011-7-11 19:41
I don't think they'd ask. It's too complex mixing the tax rates.
