Which of the following is not one of the phases of the life-cycle theory of asset allocation?
A) Accumulation phase
B) Consolidation phase
C) Taxation phase
D) Gifting phase

Question

Quizplus · Accepted Answer

The life-cycle theory of asset allocation typically includes phases such as accumulation, consolidation, and gifting, but does not specifically include a "taxation phase" as one of its main phases. Tax considerations are integral to all phases but not defined as a separate phase.

Which of the Following Is Not One of the Phases