Published on May 11, 2021 by FinancialPlanning
Freaking out over looming tax increases for your wealthy clients? You might not need to tear up their retirement plans just yet.
Many rich Americans may have less cause than they realize to fear President Biden’s proposed tax hikes, which threaten to slash long-standing benefits for investment profits and estates passed on to heirs. Advisors say that affluent clients can deploy some simple strategies to blunt their impact — or simply ride out any changes until tax laws likely morph again several years down the road.