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Unless the top 1% act now, they could leave millions on the table.
So, until Trumps oath of office, here are the five crucial stepshigh net-worth individualsshould take.
Lokenauth said we could see a Day One executive order laying out major tax overhauls.
This implies that similar tax policies could be run perhaps at the expense of both high-income people and companies.
Investors should also think about the effect that Trumps proposed tariffs could have on their portfolios.
Arecent U.S. Treasury analysispaints the financial consequences of extending Trumps 2017 tax reforms individual and estate tax provisions.
Lokenauth suggests The top 1% should consider setting up family limited partnerships and charitable remainder trusts immediately.
These should be put in place before new legislation is potentially in place that could save millions in taxes.
Lokenauth says, Look at Opportunity Zones and think about increasing the allocation to private equity.
In the new economic climate, these investments could provide a big tax advantage and growth potential.
By mid-2023, the nation would be short 4 million homes, theNational Association of Realtors reported.
The housing deficit exacerbated by Trumps plan to enhance construction would constitute huge opportunities for real estate investors.
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