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For someone in the highest bracket, this difference could cost as much as $5,000.
Harris recommended itemizing if you have large charitable contributions, mortgage interest or state and local taxes.
This will decrease the size of your estate and reduce the eventual estate taxes.
For example, Harris expressed a preference for alternative energy over fossil fuels.
In this environment, political considerations will have an outsized impact on financial performance.
Mitigate potential risks by diversifying your investment portfolio across different industries and sectors.
Bill Harris recommended migrating your taxable portfolio from interest-generating bonds toward stocks.
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