Wednesday, October 31, 2012

Tax Planning for Changes Starting January 2013


It’s officially Fall now and, frankly, I’m ready for some cooler weather. However, we still enjoy some pretty terrific and beautiful conditions here in sunny San Diego, so I am grateful to be in such a favorable and enjoyable place!  I am particularly grateful to have such wonderful and kind clients. That is what makes what I do so rewarding and meaningful, and I truly appreciate their confidence, friendship and business.

A lot of very important tax law changes are coming in January 2013 that will, unfortunately, cost most of us a lot of additional tax dollars. These changes make tax planning particularly important now, as we end the year and start the new one. This presidential election represents an important turning point for our country which will impact our finances and freedoms for decades to come. Whatever happens will give more certainty and the ability to make more specific plans to combat higher taxes and inflation. I am actually anxious for it to conclude and to get on with effective planning.

This is a personal blog and is for informational purposes only. This information is not intended to be a substitute for specific individualized tax, legal or financial planning advice as individual situations will vary. For specific advice about your situation, please consult with a lawyer or financial professional.