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Retirement Planning By Farmers: Opportunities In The Taxpayer Relief Act Of 1997

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  • Monke, James D.

Abstract

Relatively few farmers regularly use tax-favored retirement accounts to diversify long-term farm assets with nonfarm savings. The Taxpayer Relief Act of 1997 creates new investment opportunities for both IRAs and regular capital assets. Complex tradeoffs exist among new tax incentives, possible resulting in few overall gains in diversification.

Suggested Citation

  • Monke, James D., 1998. "Retirement Planning By Farmers: Opportunities In The Taxpayer Relief Act Of 1997," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20815, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20815
    DOI: 10.22004/ag.econ.20815
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    File URL: https://ageconsearch.umn.edu/record/20815/files/spmonk01.pdf
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    References listed on IDEAS

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    1. Olivia S. Mitchell & James F. Moore, "undated". "Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities," Pension Research Council Working Papers 97-8, Wharton School Pension Research Council, University of Pennsylvania.
    2. Monke, James D. & Durst, Ron L., 1998. "The Taxpayer Relief Act of 1997: Provisions for Farmers and Rural Communities," Agricultural Economic Reports 33905, United States Department of Agriculture, Economic Research Service.
    3. Boehlje, Michael & Pederson, Glenn D., 1988. "Farm Finance: The New Issues," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 3(3), pages 1-4.
    4. Mario F. Crisostomo & Allen M. Featherstone, 1990. "A Portfolio Analysis of Returns to Farm Equity and Assets," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 12(1), pages 9-21.
    5. James E. Long, 1990. "Farming the Tax Code: The Impact of High Marginal Tax Rates on Agricultural Tax Shelters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 1-12.
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    Cited by:

    1. Amber Remble & Maria Marshall & Roman Keeney, 2014. "Household Saving Behavior and the Influence of Family-Owned Business," Journal of Family and Economic Issues, Springer, vol. 35(3), pages 411-422, September.

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