From the Editor

Beginning of article

This last issue of Volume 6 is devoted to the rigorous analysis of individual investor options in terms of taxable and nontaxable fund allocations. The first two articles examine the new choices that individual investors face with their retirement dollars. These include deductible IRAs, nondeductible IRAs, the new Roth IRAs, and mutual funds. Terry L. Crain and Jeffrey R. Austin provide mathematical models for after-tax accumulations for each of the investment alternatives that considers return, taxable return, time horizon, and tax rates for ordinary income and capital gains. The focus in their article entitled, "An Analysis of the Tradeoff Between Tax Deferred Earnings in IRAs and …