Editorials at   TonyNovak.com

editorials, reflections, half-developed ideas, comments and other uncategorized content

 

 

Editorial Policy

This Web log is presented for  entertainment use only.  These pages are not meant to provide advice or to be relied upon for any other purpose. 

 

For free public professional advice columns, see the AskTony forum.

 

Your comments and feedback are welcome.   Please indicate the topic you are commenting on in the subject field.


 

Post Election Financial Planning

posted on: 11/22/2006     revised: 3/9/2010

 

What is different in financial planning after the midterm election of November 2006?  What adjustments to strategies should we consider? I decided to compile a punch list of the convention wisdom on these issues to consider as a starting point.  This is meant to be more of a brainstorming list than an opinion, prediction or conclusion on the topic.

  • Privatization of social security is dead.

  • The minimum wage will increase.

  • Federal income taxes will increase.

  • The AMT will prosper and grow in importance.

  • Defense spending will be cut.

  • Student loan programs will be expanded.

  • Employers will be required to provide health insurance.

  • Health insurance will come under national control.

  • Inflation will increase.

  • The stock market will suffer.

  • Funding for arts and cultural programs will be restored.

  • Estate tax will be restored for moderately wealthy people.

 

 

 

 

 

keywords:   Tax Increase Prevention and Reconciliation Act , alternate minimum tax, Roth IRA

 

related topics:

 

 

 

 

 


Copyright 2010 by Tony Novak. Originally produced and published for the "AskTony" column syndication prior to 2007. Edited and independently republished by the author in March 2010. All rights reserved.