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The other day, I attended a luncheon sponsored by my stock broker, about what the major potential economic changes might be, depending on the outcome of the Presidential election .. it didn't focus on politics. The speaker half jokingly suggested we all schedule appointments with our broker, between the election & end of year, to review the impact on our investment strategies.
The federal estate tax exclusion is reverting from $5 million back to $1 million. Income & capital gains taxes may all go up significantly .. so maybe it's safer to go into more tax exempt instruments.
The other day I saw the movie "2016 - Obama's America" with a friend. I was almost surprised at how serious & interesting it was, rather than the political rabble-rousing I expected. It's about the socio-economic philosophies of President Obama's immediate family members & mentors, during his formative years .. the fundamental philosophies they created in him, such as a Robinhood-esque plan to "equalize" people.
Have you been thinking about the impact of the election on you & your family finances?