制卧台贸易上兰 金融英语阅读 Take,for example,if equities significantly outperform fixed-income securities, you may end up with a more aggressive,stock-oriented portfolio than you desire.In such a case,you might consider drawing down the equity part of your portfolio to bring the asset allocation back to where you want it.You should always sell the asset class that has appreciated the most. You may also want to rethink your strategy regarding dividend payments.Most savvy investors,during their asset-accumulation phase,choose to automatically reinvest dividends because they don't need the current income.But as you take a regular paycheck from your retirement account,perhaps consider having dividend payments,mutual-fund distributions,and other interest automatically swept into a money market account for possible immediate use. ADVANTAGES TO WAITING.Financial planners also generally recommend tapping into taxable accounts before withdrawing money from tax-deferred or tax-free accounts.There are two reasons.Investments sold from a taxable account are taxed at capital gains tax rates,currently 15%for securities held for at least one year.The gains from investments sold from a tax-deferred account are taxed at ordinary income rates.The second reason is when you postpone drawing down assets from a tax-deferred account,you'll take advantage of the tax-deferred compounding for as long as possible. The Social Security Administration gives several options for when you can start receiving payments.The longer you wait to tap those funds,the bigger the monthly checks will be.However,if you're in ill health or have a family history of heart disease or another disease that could cause early death,you might want to think about taking Social Security sooner. On the other hand,if you're healthy and have other assets that can be tapped earlier,you should consider postponing your Social Security payouts as long as possible.Waiting a longer time is also a good idea for taxpayers with spouses who will be relying on survivor benefits.The longer you wait to receive those funds,the larger the survivor benefit checks will be. SEEK ADVICE.Several calculators are available on the Social Security Administration Web site to get an estimate of your benefits under different circumstances. Adopt a similar strategy in determining when to start drawing down assets from other retirement savings plans.Generally,it's best to wait as long as possible. However,if you have considerable assets,waiting for a bigger monthly check may have the unintended effect of pushing you into a higher income tax bracket.As always, we at Standard Poor's advise that you check with your financial planner or accountant for advice about your situation. 第2页共2页金融英语阅读 Take, for example, if equities significantly outperform fixed-income securities, you may end up with a more aggressive, stock-oriented portfolio than you desire. In such a case, you might consider drawing down the equity part of your portfolio to bring the asset allocation back to where you want it. You should always sell the asset class that has appreciated the most. You may also want to rethink your strategy regarding dividend payments. Most savvy investors, during their asset-accumulation phase, choose to automatically reinvest dividends because they don't need the current income. But as you take a regular paycheck from your retirement account, perhaps consider having dividend payments, mutual-fund distributions, and other interest automatically swept into a money market account for possible immediate use. ADVANTAGES TO WAITING. Financial planners also generally recommend tapping into taxable accounts before withdrawing money from tax-deferred or tax-free accounts. There are two reasons. Investments sold from a taxable account are taxed at capital gains tax rates, currently 15% for securities held for at least one year. The gains from investments sold from a tax-deferred account are taxed at ordinary income rates. The second reason is when you postpone drawing down assets from a tax-deferred account, you'll take advantage of the tax-deferred compounding for as long as possible. The Social Security Administration gives several options for when you can start receiving payments. The longer you wait to tap those funds, the bigger the monthly checks will be. However, if you're in ill health or have a family history of heart disease or another disease that could cause early death, you might want to think about taking Social Security sooner. On the other hand, if you're healthy and have other assets that can be tapped earlier, you should consider postponing your Social Security payouts as long as possible. Waiting a longer time is also a good idea for taxpayers with spouses who will be relying on survivor benefits. The longer you wait to receive those funds, the larger the survivor benefit checks will be. SEEK ADVICE. Several calculators are available on the Social Security Administration Web site to get an estimate of your benefits under different circumstances. Adopt a similar strategy in determining when to start drawing down assets from other retirement savings plans. Generally, it's best to wait as long as possible. However, if you have considerable assets, waiting for a bigger monthly check may have the unintended effect of pushing you into a higher income tax bracket. As always, we at Standard & Poor's advise that you check with your financial planner or accountant for advice about your situation. 第 2 页 共 2 页