BOSTON (AP) — Duncan Richardson routinely keeps a quarter in his pocket, but it's not spending money. The chief equity investment officer of investment manager Eaton Vance frequently digs the coin out and uses it as a prop to illustrate the drain that taxes can have on investments.
"Investors could be unnecessarily giving away nearly a quarter of every dollar in returns to Uncle Sam," Richardson says. 
He notes that the more than 9 percent historic average for stock market returns fails to subtract taxes, not to mention investment fees and inflation.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
