Directory

Bill Reichenstein

Professor of Finance and the Pat and Thomas R. Powers Chair in Investment Management - Finance, Insurance & Real Estate

Contact Information

Email:	Bill_Reichenstein@baylor.edu
Campus Phone:	(254) 710-6146
Fax:	(254) 710-1092
Mailing Address:	One Bear Place, #98004 Waco, TX  76798-8004
Office Location:	HSB 355

Awards and Honors

• 2012 Financial Analyst's Journal Reader's Choice Award, CFA Institute (February 14, 2013)
• Interview for Bankrate.com, Bankrate.com (February 2012)
• Exensive quotations in article in professional journal (2010)
• quotations in 2010 (2010)
• Quotations in 2009 in press (2009)
• 2008 Financial Frontiers Editor's Choice Award, Financial Planning Association (June 10, 2008)
• Finalist for Samuelson Award, TIAA-CREF Institute (November 2007)

Publications

Discipline-based Scholarship

"Adding Longevity through Tax-Efficient Withdrawal Strategies," Journal of Wealth Management, The, Vol. 16, No. 1, (Summer 2013), pp. 57-64 (coauthors: William Meyer).

"The Tax Torpedo: Coordinating Social Security with a Tax-Efficient Withdrawal Strategy to Minimize Taxes," Retirement Management Journal, Vol. 3, No. 1, (Summer 2013), pp. 25-32 (coauthors: William Meyer).

"Today's Interest Rate Environment and Social Security Claiming Decisions," Journal of Wealth Management, Vol. 15, No. 1, (Summer 2012) (coauthors: William Meyer).

"How the Social Security Claiming Decision Affects Portfolio Longevity," Journal of Financial Planning, Vol. 25, No. 4, (April 2012), pp. 53-60 (coauthors: William Meyer).

"Two Key Concepts for Wealth Management and Beyond," Financial Analysts Journal, Vol. 68, No. 1, (January 2012), pp. 14-22 (coauthors: Stephen M Horan, William W Jennings).

"Can Annuities Offer Competitive Returns?," Journal of Financial Planning, Vol. 24, No. 8, (August 2011), pp. 36-39.

"Predicting Bond Fund Returns," Journal of Investing, Vol. 20, No. 4, (Winter 2011), pp. 105-116 (coauthors: Dale L Domian).

"Financial Analysis of Equity Indexed Annuities," Financial Services Review, Vol. 18, No. 4, (Summer 2010), pp. 291-311.

"Private Wealth Management: A Review," No. 2nd, (Summer 2010), pp. 68 (coauthors: William W Jennings, Stephen M. Horan).

"Social Security: When to Start Benefits and How to Minimize Longevity Risk," Journal of Financial Planning, Vol. 23, No. 3, (March 2010), pp. 49-59 (coauthors: William Meyer).

"Long Horizon Stock Prospects: Evidence and Applications," Journal of Investing, Vol. 18, No. 3, (Fall 2009), pp. 12-20 (coauthors: Dale L Domian).

"After-tax Asset Allocation," , Stephen M. Horan (eds.), 2nd Quarter 2009.

"Returns-based Style Analysis of Convertible Bond Funds," Journal of Fixed Income, Vol. 18, No. 3, (Winter 2009), pp. 52-64 (coauthors: Dale L Domian).

"Valuation of Assets in Taxable Accounts and Annuities," Financial Services Review, Vol. 17, No. 3, (Fall 2008), pp. 203-217.

In the Presence of Taxes: Applications of After-tax Asset Valuations, September 2008.

"How to Calculate an After-tax Asset Allocation," Journal of Financial Planning, Vol. 21, No. 8, (August 2008), pp. 62-69.

"The Extended Portfolio in Private Wealth Management," Journal of Wealth Management, Vol. 11, No. 1, (Summer 2008), pp. 36-45.

"Returns-Based Style Analysis of High-Yield Bonds," Journal of Fixed Income, (Spring 2008).

"One Concept and Some of its Applications," Journal of Wealth Management, (Winter 2008), pp. 82-91.

"Note on "Applying After-tax Asset Allocation"," Journal of Wealth Management, Vol. 10, No. 2, (Fall 2007), pp. 94-97.

"Calculating After-tax Asset Allocation is Key to Risk, Returns, and Asset Location," Journal of Financial Planning, (July 2007).

"Implications of Principal, Risk, and Returns Sharing across Savings Vehicles," Financial Services Review, Vol. 16, No. 1, (2007), pp. 1-17.

"The Literature of Private Wealth Management," (December 2006) (coauthors: William W. Jennings).

"After-tax Asset Allocation," Financial Analysts Journal, No. July/August, 2006, (2006).

"Rationality of "Naive" Forecasts of Long-Term Interest Rates," Journal of Portfolio Management, (2006).

"A Holistic Approach to Asset Allocation," , December 2004 (coauthors: William W Jennings).

"Predictability of Fixed-Income Fund Returns," Journal of Financial Planning, Vol. 17, No. 11, (November 2004), pp. 62-71 (coauthors: Tom L. Potts).

"Morningstar's new Star-Rating System: Advances and Innovations," Journal of Financial Planning, Vol. 17, No. 3, (March 2004), pp. 40-47.

"Tax-Aware Investing: Implications for Asset Allocation, Asset Location, and Stock Management Style," Journal of Wealth Management, Vol. 7, No. 3, (January 2004), pp. 18-Jul.

"Predictability of Bond Mutual Fund Returns," Financial Services Review, (November 2003) (coauthors: Tom L. Potts).

"Valuing Defined-Benefit Plans," Financial Services Review, Vol. 12, No. 3, (October 2003), pp. 179-199 (coauthors: William W. Jennings).

"Predicting Municipal Bond Fund Returns," Journal of Investing, Vol. 11, No. 3, (October 2002), pp. 53-65 (coauthors: Dale L. Domian).

"Rewards to Extending Maturity: Implications for Investors," Journal of Portfolio Management, Vol. 24, No. 3, (1998) (coauthors: Dales L. Domian, Terry S. Maness).

"Is the Stock Market Predictable?," Baylor Business Review, (1994) (coauthors: Steven P. Rich).

"Market Timing for the Individual Investor: Using the Predictability of Long-Horizon Stock Returns to Enhance Portfolio Returns Through Market Timing," Financial Services Review, (1994) (coauthors: Steven P. Rich).

"Predicting Long-Horizon Stock Returns: Evidence and Implications," Financial Analysts Journal, (1994) (coauthors: Steven P. Rich).

"The Market Risk Premium and Long-Term Stock Returns," Journal of Portfolio Management., (1993) (coauthors: Steven P. Rich).

Contributions to Practice

"Social Security Claiming Strategies for Singles," Vol. 2, No. 3, (Fall 2012), pp. 61-66.

"Perspectives from the Literature of Private Wealth Management," Journal of Wealth Management, Vol. 14, No. 1, (Summer 2011), pp. 8-40 (coauthors: William W Jennings, Stephen M Horan, Jean L.P. Brunel).

Social Security Strategies, May 2011 (coauthors: William Meyer).

"New Rules for Converting to a Roth IRA," AAII Journal, Vol. 32, No. 1, (January 2010), pp. 12-15 (coauthors: Douglas Rothermich, Alicia Waltenberger).

"New Roth Conversion Opportunities: Is Converting a Traditional IRA, 403(b) or 401(k) a Smart Move, Unwise, or Much Ado about Nothing?," Trends & Issues, (October 2009) (coauthors: Doug Rothermich, Alicia Waltenberger).

"Bear Market Grads: What you Should Learn from teh Financial Crisis," AAII Journal, (July 2009) (coauthors: Larry Swedroe).

"Understanding Asset Allocation," (Spring 2009).

"Stocks for the Long Term: Why Prospects are Rosy," AAII Journal, Vol. 31, No. 1, (January 2009) (coauthors: Dale L Domian).

"Financial Planning Terms: What They Mean and Why You Should Care," AAII Journal, Vol. 30, No. 10, (November 2008), pp. 8-12 (coauthors: Harold Evensky).

"Choice of Savings Vehicles when Saving for Retirement," (Fall 2008).

"Will Your Savings Last? What the Withdrawal Rate Studies Show," AAII Journal, (July 2008).

"Growth or Value for Retirement?," Investment News, (January 2008).

"Clueless: What Graduates Need to Know about Making Financial Decisions," AAII Journal, (January 2008).

"An After-tax Approach to Allocation," Investment News, (November 2007).

"Investment Products: If It Has to be Sold, Don't Buy It!," AAII Journal, No. November 2007, (November 2007), pp. 4-10 (coauthors: Larry Swedroe).

"Trying to Explain the Value Premium," AAII Journal, No. July 2007, (July 2007), pp. 6-13.

"Adding Value through the Tax Code," Today's CPA, Vol. 34, No. 4, (January 2007), pp. 24-28 (coauthors: Charles W. Thomas).

"Investment Lessons from Life Cycle Funds," AAII Journal, No. January 2007, (January 2007), pp. 5-12 (coauthors: William W. Jennings).

"Investment Planning 101: Doing the Right Things and Doing Them Right," Today's CPA, Vol. 34, No. 3, (November 2006), pp. 24-28 (coauthors: Charles W. Thomas).

"Tax-Efficient Sequencing of Accounts to Tap in Retirement," Trends & Issues, TIAA-CREF Insititue, (October 2006).

"The Expanding "Roth" Retirement Account," Trends & Issues, TIAA-CREF Institute, (March 2006) (coauthors: Alicia Waltenberger, Douglas Rothermich).

"Tax Efficient Saving and Investing," Trends & Issues, (February 2006).

"The Real-World Lessons from Investment Theory," AAII Journal, (January 2006) (coauthors: William Thomas).

"Tax-Efficient Investing: Picking the Right Pocket for Your Assets," AAII Journal, (November 2005), pp. 20-24.

"The Great Tax Fight: Managing Stocks in Taxable Accounts," AAII Journal, (July 2005), pp. 10-May.

"Tax Efficient Investing and What it Means to Your Portfolio," AAII Journal, (February 2005), pp. 25-29.

"Insured Investment Products: The Reality Behind the Hype," AAII Journal, (November 2004), pp. 15-Oct.

"What Are You Really Getting When You Invest in a Hedge Fund?," AAII Journal, (July 2004), pp. 14-Sep.

"Retiree Stock Allocation Recommendations: Do You Fit the 'Mold'?," AAII Journal, (February 2004), pp. 25-30.

"Allocations During Retirement: Adding Annuities to the Mix," AAII Journal, Vol. 36, No. 1, (November 2003), pp. 9-Mar.

"Lessons from Recent Markets History," Baylor Magazine, (November 2003), pp. 50.

"Investment Tax Planning for Retirement," Journal of Accountancy, (August 2003), pp. 63-69 (coauthors: Del Chesser, Tom Harrison).

"Retirement Planning: Annuities and When They Make Sense," AAII Journal, Vol. 25, No. 6, (July 2003), pp. 23-28.

"10 Lessons You Should Learn from Recent Market History," AAII Journal, Vol. 25, No. 2, (February 2003), pp. 6-Mar.

"When Should You Begin Social Security Benefits?," AAII Journal, Vol. 24, No. 10, (November 2002), pp. 27-34 (coauthors: Kirsten A. Cook, William W. Jennings).

"Tax Act and IRAs," Baylor Magazine, Vol. 1, No. 1, (July 2002), pp. 48.

"An expanded portfolio includes real estate and human capital," Journal of the American Asscociation of Individual Investors, Vol. 15, No. 6, (1996), pp. 7-11 (coauthors: Charles J. Delaney).

"Portfolio Management: An alternative approach to asset allocation," The Journal of Investing, Vol. 4, No. 3, (1995), pp. 57-62 (coauthors: Charles J. Delaney).

Presentations and Proceedings

"Social Security Basics and Guidance on When to Begin Benefits," presented at the webinar, Ann Arbor, MI, May 2013.

"Taxes Exist! Implications for Asset Allocation, Asset Location, and Withdrawal Strategies in Retirement," presented at the Merrill Lynch Retirement Symposium, Dallas, TX, November 2012.

"Advanced Social Security Claiming Strategies," presented at the National Financial Planning Association COnference, San Antonio, TX, October 2012.

"Social Security: Basics of Claiming Strategies," presented at the National Financial Planning Association Conference, San Antonio, TX, September 2012.

"Non-covered Pension Webinar," presented at the Non-covered Pension Webinar, given from baylor, June 2012.

"taped 9 interviews discussing my areas of expertise including Social Security, tax-efficient withdrawal strategies in retirement, and sustainable withdrawal rates in retirement," presented at the , Philadelphia, PA, June 2012.

"TaxesExist! Implications for Asset Allocation, Location, and Withdrawal Strategies," presented at the 2012 Association of Professional Investment Consultants, Dallas, Tx, June 2012.

"Future Trends in Private Wealth Management," presented at the 2012 Annual Wealth Management Conference, Toronto, Canada, May 2012.

"Social Security Strategies," presented at the San Antinio Financial Planning Association, Incarnate Word University, San Antonio, TX, April 2012.

"How the Social Security Claiming Decision Impacts Portfolio Longevity," presented at the Social Security Solutions Webinar, nationwide seminar, April 2012.

"Social Security Strategies:Optimizing Retirement Benefits," presented at the Strategic Issues for Financial Planners, Bryan, TX, October 2011.

"Taxes Exist! Implications for Asset Allocation, Location, and Withdrawal Strategies in Retirement," presented at the Financial Planning Conference of Illinois, Chicago, IL, October 2011.

"Taxes Exist! Implications for Asset Allocation, Location, and Withdrawal Strategies in Retirement," presented at the Financial Planning Association of Houston, Houston, TX, September 2011.

"Several tapings for use as required material in certification programs," presented at the , Philadelphia, PA, August 2011.

"Social Security Strategies: When to Begin Benefits," presented at the NAPFA Core Competency Conference, Columbus, OH, July 2011.

"Taxes Exist! Implications for Asset Allocation, Location, and Withdrawal Strategies in Retirement," presented at the Summer Development Conference - Raymond James, Orlando, FL, July 2011.

"Yes, Virginia, There are Taxes: Asset Allocation, Location, and Withdrawal Rates in the Presence of Taxes," presented at the FInancial Planning Asssociation NorCal Conference, San Francisco, June 2011.

"The Social Security Question - Best Strategies for Taking Benefits," presented at the Those Damn Golden Years, Phoenix, May 2011.

"Taxes Exist! Implications for Asset Allocation, Location, and Withdrawal Strategies in Retirement," presented at the FPA of National Capital Area, Vienna, VA, May 2011.

"Baylor Investment Courses," presented at the Rotary Club Meeting, April 2011.

"Taking Back Control of Taxes," presented at the MetLife webinar, webinar (nationwide), December 2010.

"Taxes Exist: Distribution Strategies in Retirement," presented at the Future Issues for Financial Planners in Texas, Bryan, TX, November 2010.

"Predicting Bond Fund Returns," presented at the Academy of Financial Services Annual Conference, Denver, CO, October 2010.

"Asset Allocation, Location and Withdrawal Strategies in the Presence of Taxes," presented at the Retirement Income Webinar Series, September 2010.

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