%0 Journal Article %A William R Reichenstein %T One Concept and Some of Its Applications %D 2008 %R 10.3905/jwm.2008.11.3.082 %J The Journal of Wealth Management %P 82-91 %V 11 %N 3 %X 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 %U https://jwm.pm-research.com/content/iijwealthmgmt/11/3/82.full.pdf