There is an old saying, “Ignorance is Bliss!” My new saying during this Covid-19 era is “Ignorance is Super-Expensive!” In my 30-year career, I have never seen more advisor ignorance and malpractice. Keep this in consideration if this is the first you are hearing about this.
There have been MAJOR CHANGES in tax deadlines and proposed changes in tax, gifting, and estate planning rules, proposed on March 29th by Bernie Sanders, which I will review below. My “Elite 8” list of changes to be concerned about are:
Are you confused yet? There has never been a more important time to rely on your advisors. Reach out now to your CPA, Attorneys, Insurance Broker, Investment Advisor and Financial Planner to review these monumental changes. This is what you pay them for, and your money-moves now will have an impact on your family for many years to come! Feel free to reach out to me for guidance at Rob@InsuranceDoctor.us.
Be Positive, Test Negative and Keep the Faith!