money market account是taxable account吗

NO.PZ202212280100005201 问题如下 (1) The brokersuggests thYoung rebalanher $5.5 million money market account anthe$3.0 million tax-ferreretirement account periocally in orr to maintaintheir targeteallocations. The broker proposes the same risk profile for theequity positions with two potentitarget equity allocations anrebalancingranges for the two accounts follows:· Alternative 1: 80% equities +/–8.0% rebalancing range· Alternative 2: 75% equities +/–10.7% rebalancing rangeterminewhialternative bestfits eaaccount. 根据个人IPS中的内容，tefficient asset应该放在tinefficient account中，因为Alternative 1中的权益比例高，所以Alternative1 应该放在taxable account中，就是5.5million accountrebalanrange越窄，equity rebalance越频繁，越容易出发tloss harvesting。Alternative 1中的rebalanrange窄，所以Alternative 1应该放在taxable account中，就是5.5million account麻烦老师看一下，为什么这两个理由在这里不能成立呢？另外想请教一下老师，在这种案例分析题目中，我应该怎么确定，是从tefficient的角度分析还是从risk tolerance的角度分析呢？

NO.PZ202212280100005201 问题如下 (1) The brokersuggests thYoung rebalanher $5.5 million money market account anthe$3.0 million tax-ferreretirement account periocally in orr to maintaintheir targeteallocations. The broker proposes the same risk profile for theequity positions with two potentitarget equity allocations anrebalancingranges for the two accounts follows:· Alternative 1: 80% equities +/–8.0% rebalancing range· Alternative 2: 75% equities +/–10.7% rebalancing rangeterminewhialternative bestfits eaaccount. 老师你好，题目中的net of tax账户是after-tax的，我理解这是一个新的说法，说的是进来的钱已经扣税了？我记得个人IPS里面讲到的1） taxable, 2) T, 3) TEA都假设钱进来是pre-tax的？

NO.PZ202212280100005201 问题如下 (1) The brokersuggests thYoung rebalanher $5.5 million money market account anthe$3.0 million tax-ferreretirement account periocally in orr to maintaintheir targeteallocations. The broker proposes the same risk profile for theequity positions with two potentitarget equity allocations anrebalancingranges for the two accounts follows:· Alternative 1: 80% equities +/–8.0% rebalancing range· Alternative 2: 75% equities +/–10.7% rebalancing rangeterminewhialternative bestfits eaaccount. alternative 2 fits $5.5 million money market account. this account is a money market account, we shoulconsir the tissue when temine the alternative. e to the wir rebalanrange of alternative 2, it will make the tmore efficient anprovi a higher return after-tax. so alternative 2 fits $5.5 million money market account. alternative 1 fits $3.0 million tax-ferreretirement account.young will retire in 15 years anher living expense are fully covereher joit is more important to fouon the growth of the account. the equity allocation of alternative is higher ththe allocation of alternative 2. it mightl provi a higher return unr the same risk. this retirement account is a tax-ferreaccount, the alternative coulhave a narrower rebalancing range. so alternative 1 will fits $3.0 million tax-ferreretirement account.