PrimeauMayer Financial, Personal Connection Video: Tax Unknowns

Video Description

Personal Connection Video: Tax Unknowns https://financeinsights.net/47lQfK0gnUPz1d Click Here to see my calendar: https://calendly.com/primeaumayer/fit-meeting Hi, I’m Tim Mayer with PrimeauMayer Financial, and I’m here to help you adapt to what’s next. With a new presidential administration in office, we can safely expect changes to the tax laws. It’s as inevitable as ... well, death and taxes. In this video, I’m going to talk about what you can do now to plan for change, when you don’t know what that change will look like. With so much uncertainty around taxes, you might be wondering what to expect for 2021 and beyond. We’ve seen President Biden’s proposed tax plan, and we know changes are coming. But we don’t know exactly what will be signed into law, or even when that might happen. So how can we prepare now when we’re not sure what to expect? Here are THREE ways you can take action NOW to help prepare yourself for potential new tax laws: 1: Take advantage of the current tax laws, where they favor you. If you haven’t updated your estate plan or tax plan recently, this is an excellent time to do it, so you can potentially maximize your tax savings before the rules change. 2: Keep an eye on what’s coming. Sometimes that’s easier said than done. There’s a lot going on in the world, and it can be hard to keep up with every update. Now I'll point out here, this is just one of the advantages of working with a financial professional — it’s my job to be aware of what's happening, and I can keep you informed of upcoming changes that could affect your financial picture. 3: Get comfortable with change. Tax laws actually change all the time. In fact, one estimate found that the tax code has been updated over 4,600 times, since 2001 alone.1 Some changes will be favorable to you, and some won’t. But together, we can create a strategy, that takes a long-term view, so that the individual changes aren’t quite so disruptive. Now, remember, friend, you’re not in this alone. The reason you work with a professional to look after your financial life, is so you can share your worries and have someone help you take action. If you have a question about what I’ve discussed with you, or you’d like to speak personally about what’s going on, please use the form below to send me a message. I’ll respond personally. Thanks, and I hope you have a great summer ahead! https://financeinsights.net/47lQfK0gnUPz1d 1 https://taxfoundation.org/how-many-words-are-tax-code/ Disclaimer - This content is for educational purposes only and should nothing presented here should be construed as a recommendation. Information presented is believed to be from reliable sources but no liability is accepted for any inaccuracies. All investments entail risk and past performance is no guarantee of future performance. Advisory services offered through PrimeauMayer Advisors, LLC, an investment adviser registered with the State of Virginia.