Front Page|Our Services|Our Team|Client Center|Financial News|Events|Contact Us

Financial Briefs

More Articles  Printer Friendly Version

 

Test Your Knowledge Of Urgent Wealth Management Issues

4857 1

Did you follow our coverage of personal financial planning news this week? Take our quiz to find out.

  1. More than two-thirds of financial professionals surveyed by a leading continuing education website say the odds of a 12.4% hike in 2021 on high-income earners are greater than 50/50.

    • True
    • False

  2. Forty-five percent of financial professionals say there's at least a 50/50 chance that the estate tax will be expanded in 2021.

    • True
    • False

  3. Financial professionals predict that millions of Americans are about to get slammed with much higher taxes unless they act by the end of the year.

    • True
    • False

  4. Assuming the 12.4% payroll tax increase proposed by President-Elect Joseph R. Biden does indeed go into effect next year, shifting income into 2020 before the end of this year could save business owners, as well as doctors, dentists, and other professionals who are employees, tens of thousands of dollars in taxes in 2021.

    • True
    • False

  5. President-Elect Biden's tax plan would slash the $11.58 million currently exempt from estate taxes to:

    1. $7.5 million
    2. $3.5 million
    3. $1.1 million
    4. 0
    5. None of the above

Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. It does not take into account your investment objectives, financial or tax situation, or particular needs. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. The material represents an assessment of financial, economic and tax law at a specific point in time and is not a guarantee of future results.


Email this article to a friend


Index
The Bull Market Broadened Recently
An Important Investment Idea To Remember In 2021
New Covid Aid Law Waives 10% Penalty On Pre-59½ Retirement Plan Withdrawals
What Business Owners Need To Know About The New Aid Package
A Call To Act On The Coming Tax Hikes
Staying Focused On Strategic Financial Planning
Will M2 Be The Big Investment Story Of 2021?
Neither Red Nor Blue, Tax Planning Is All About The Green
Urgent Year-End Tax Planning Moves
Investors Beware: SEC Is Struggling Amid Covid
Food For Thought
Starting A Business? Plan To Succeed
Stock Market Rally Broadened In Past Three Months
3Q 2020 Wealth Management Report
Income, Estate And Gift Tax Hikes Ride On Election Results

This article was written by a professional financial journalist for Vantage Point Financial Services, LLC and is not intended as legal or investment advice.

©2021 Advisor Products Inc. All Rights Reserved.
© 2021 Vantage Point Financial Services, LLC | 329 Regency Ridge Drive, , Centerville, OH 45459 | All rights reserved
P: 937-432-1111 | F: 937-432-1110 markblack@vantagepointadvisor.com |
Contact Us

Securities offered through First Allied Securities, Inc., A Registered Broker/Dealer, Member: FINRA / SIPC.
Advisory services are offered through First Allied Advisory Services, Inc., A Registered Investment Adviser.

This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation. This site has been published in the United States for resident of the United States. Persons mentioned in this site may only transact business in states in which they have been properly registered or are exempt from registration.

Privacy Policy | ADV