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Here are some testimonies from investors on what money moves theyll be making immediatelyif Harris wins the upcoming election.
Investing in companies that are leaders in these areas could yield substantial returns, Wood said.
Gift assets to irrevocable trusts and grantor-retained annuity trusts to reduce estate taxes.
The current $11.58 million estate tax exemption per person is likely to decrease under a Harris administration.
For individuals, converting traditional IRAs to Roth IRAs could be strategic ifincome tax ratesrise, Pace explained.
Roth IRAs provide tax-free growth and avoid RMDs.
Ive guided clients through partial Roth conversions to diversify their tax exposure.
Plan ahead by forecasting new expenses and determining how to offset them.
For example, improved technology or streamlined processes could help minimize the impact.
When costs rise, businesses must adapt quickly to stay profitable.
Brilliant said it might be worth it to consider selling or gifting ownership interests to limitcapital gains taxes.
Fixed Income
Consider moving cash into short-term fixed income products instead of riskier investments, Klesinger explained.
If economic conditions slow due to policy changes, these options provide stability.
While riskier holdings may suffer in the short-term, fixed income anchors a portfolio during volatility, Blain added.
For cash needed within a few years, these options guaranteeprinciple and modest returnsregardless of market conditions.
Insurance
For riskier investments, review insurance safeguards in case regulations tighten, Blain explained.
Protecting both personal and business assets is key.
While investing in growth opportunities is crucial, maintaining asolid cash reserveis equally important, Wood explained.
Higher corporate and individual tax rates often slow economic growth and hurt stock returns.
Bonds provide stability if the economy cools or the stock market drops, Brilliant added.
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