Looking Ahead To 2017: Fixed Income Strategies And Tax Rules
January 3, 2017 by Cyril Tuohy
With 2017 around the corner, advisors will want to dig into their tool bag to hammer away at two of the biggest changes to financial planning likely in the coming year. Those changes are fine-tuning approaches to fixed income investing and mulling over income and estate tax strategies.
Changes to fixed income allocations are due to rising interest rates, which are up 50 basis points over the past 13 months. Changes in tax strategies come courtesy of President-elect Donald J. Trump, who has called for simplifying the tax code and repealing the estate tax.
Like many advisors, Howard Erman, a financial planner and tax expert in Seal Beach, Calif., said the most important approach to take is to remain calm. You can do no worse than overreact to a changing rate and tax environment. Click HERE to view the full story via INN; subscription required