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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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.