With President Trump’s inauguration this week, all eyes are on Washington to see what policies and priorities the new administration will push.
While the President’s address made scant mention of taxes, it has become a key topic of discussion on Capitol Hill this week, with the President indicating he will use new tariffs to offset the cost of extending the Tax Cuts and Jobs Act (a.k.a. The Trump Tax Cuts).
So can our clients breathe a sigh of relief with the new leadership in Washington?
Will the Trump Tax Cuts get extended?
What about the estate tax exemptions, Social Security taxes, and stealth taxes like IRMAA?
I shared my take with Stonewood members on a special call this week, and multiple advisors asked if I could share a recording of the webinar more broadly.
You ask, I answer. So here it is. On the call, I evaluate the near-term and long-term impacts of today’s tax and legislative environment and offer up some helpful frames for client communication. I promise you’ll learn a lot in 22 minutes.
Webinar Recording: Will the Trump Tax Cuts Get Extended? And What Does it Mean for Your Clients?
Remember: Retirement isn't just about the next 4 years, it's about the next 40. So it’s incumbent upon us as financial professionals to help our clients leverage today’s tax environment to plan for what’s ahead.