For High-Income Earners And Families, Failing To Plan Is A High-Stakes Gamble

Published Friday, Nov. 20, 2020, 7:30 p.m. EDT

While Las Vegas oddsmakers take bets on non-sporting events, a search of Google won't tell you that the odds of a 12.4% payroll tax hike on high-income earners in 2021 are incredibly high, according to tax and financial experts. Vegas odds on the likelihood of a massive expansion of the estate tax to millions of families are also not readily available, but an overwhelming majority of financial professionals are predicting the estate taxed will be slashed as of January 1, 2021. According to a survey released today by Advisors4Advisors, a continuing education provider for financial professionals, 67.6% of financial professionals...

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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.

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