How about we take slight break from Annuities this week and get down to something that affects every aspect of our financial lives.
From the Wall Street Journal comes this article titled “Smart Year-End Tax Moves.”
Since big changes to tax law are on the horizon, it may be a good idea to make sure you have time to act in case the changes could adversely affect your personal situation.
Yes, the debate on the extension of the Bush-Era tax cuts is at the center of this coming storm but everyone needs to understand that failure to stop the expiration will impact more than just the top income earners.
All income tax rates will rise without an extension and most concerning of all, the dividend tax rate will increase from 15% to 20%. Now I’m certain that will have an effect on anyone currently saving for retirement.
Take a look at this worthwhile article and be sure you have time to make changes if needed. As always, call or email with questions or comments and have a great week!
Bryan J. Anderson
800.438.5121 [email protected]