Allocation of primary income account is the second constituent of the primary distribution of income accounts.

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My bond allocation for a tax-sheltered retirement account is 60 percent in the Vanguard Total Bond Market (symbol: VBMFX), 20 percent in the Vanguard TIPS fund (symbol: VIPSX), and 20 percent in the Vanguard Corporate High Yield fund (symbol: VWEHX).

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Essentially, an investor can just put money in an age-based investment option within a 529 college savings plan account and the money manager will automatically change the allocation of stocks and bonds to a mix that is less heavy in stocks and more heavy in bonds and cash as college draws near for the account beneficiary.

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Tactical asset allocation strategies may also lead to higher tax expense in a taxable account.

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Beyond the burden of looking at multiple account statements, having more than one account could make it more difficult to determine proper asset allocation across a portfolio and assess risk tolerance, she says.

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The perception that gold should now account for at least a few percentage point share in an asset allocation program convinced even the most successful hedge fund managers to invest in this yellow metal.

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Mr. Sunaryo says he likes the simplicity of setting his asset allocation, but for now is keeping most of his savings in his brokerage account, which he says lets him better customize his stocks and mutual funds.

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