Retirement planning for the next 4 years
Posted by William Byrnes on November 15, 2012
With the election behind us, it is time for your clients to turn their attention to the looming tax reforms that should take shape over the next two months, and how these reforms can affect their retirement planning. Both arms of Congress will be working to reach a compromise on tax code provisions as basic as income tax rates before Jan. 1, after which the Bush-era tax cuts will expire, and rates could revert to pre-2001 levels.
Though President Obama spent little time discussing his views on tax-favored retirement accounts during his campaign, the plans he did set forth are indicative of the consequences for retirement savings. While this impact may not be immediately apparent to your clients, it is something that they need to consider as they plan for retirement this year and beyond. See the full article on National Underwriters’ Life Health Pro http://www.lifehealthpro.com/2012/11/13/retirement-planning-for-the-next-4-years-under-pre
This entry was posted on November 15, 2012 at 06:00 and is filed under Estate Tax, Tax Policy, Taxation, Wealth Management. Tagged: Barack Obama, Retirement, Social Security, tax. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.