Elizabeth Warren or Bernie Sanders may or may not become president. And Democrats’ chances of taking complete control of Congress appear slim. Still, the author of today’s article expresses concern that “If the Dems take over, the top federal bracket goes to 50%, the cap on payroll taxes goes away and dividends and capital gains lose their favorable rates. Would the wealth tax start at $50 million? Of course not. Plan on $5 million.” So how can wealthier Americans protect their assets from such a scenario? CLICK HERE.
Believe it or not, Democrats and Republicans in Congress might actually get something done on a bipartisan basis in the coming weeks, and as today’s article notes, that something “has the potential to be a big win for individual investors”. More specifically, there’s a real chance that Congress could pass bipartisan retirement savings legislation that would be signed into law – and enhance retirement savings opportunities. For some of the key provisions of the two Congressional bills that any final compromise bill would be based on, CLICK HERE.