You may have heard that there’s an election coming up. And maybe you’re planning your own event – your retirement. Does one affect the other? Will the election affect your retirement planning? Trying to read the political tealeaves is rarely productive; still, there are some general considerations about the upcoming election that should factor into your retirement planning. Specifically, unless Congress acts after the November election, trouble is potentially brewing for two key retirement planning issues. First, taxes – both income and estate tax. And second, Social Security benefits. The election outcome may affect how you plan your retirement income strategy around these two issues.
Tax Troubles from Sunsetting
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