A diversified, closed-end management investment company, the fund's investment objective is to provide a high level of after-tax total return consisting primarily of tax-advantaged
dividend income and capital appreciation.
The survey also found that 68% of nonretirees indicate that a 401(k), individual retirement account (IRA), Keogh or other tax-advantaged
retirement savings account will be a major source of their retirement income-the highest percentage of the five alternatives offered.
A diversified, closed-end fund, Eaton Vance Tax-Advantaged
Dividend Income Fund aims to provide a high level of after-tax total return of tax-advantaged
dividend income and capital appreciation by investing its assets in dividend-paying common and preferred stocks.
An exodus of rank-and-file employees from the qualified retirement plan to the HSA can limit the amount of tax-advantaged
retirement funds that highly compensated employees can set aside.
Specifically, taxpayers will want more equities in taxable accounts (to take advantage of the lower capital gain and dividend rates) and more taxable bonds in tax-advantaged
accounts (sheltering those payouts from tax until withdrawal).
You can see this in the difference between funding for management employees under a 501 (c) (9) trust and the more tax-advantaged
funding vehicles for collectively bargained employees.
Eaton Vance Tax-Advantaged
Bond and Option Strategies Fund's (NYSE:EXD) board of trustees authorised the company's plan to make quarterly cash distributions to common shareholders of USD0.
But today, 529 college savings plans and separately managed accounts are making inroads on annuities in the market for tax-advantaged
products funded with already taxed dollars, and they are dominated by major stock brokerages and mutual funds.
Other looming issues include convergence, consolidation, demutualizations and tax-advantaged
products-an area where sales have been hurt because of uncertainty over the proposed phase--out of the estate tax, he said.