Amid A Mixed Week For Stocks, A Strong Recommendation
Published Friday, September 11, 2020, 8:30 PM EST
It was a mixed week for stocks, and the most important opportunity to manage your wealth wisely right now is in tax planning. Higher income taxes are expected to hit professionals, business owners, and other high-income earners. Sorry, but the financial balance sheet of the United States recently has been weakened. No matter which party wins the election, higher taxes will be required to pay down the long-term debt of the nation. Capital gains. Now is the time to start considering selling an appreciated asset in 2020, rather than paying a higher capital gains tax if you think Joe Biden will...
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