While quite a bit of ink has been spilled about the estate and generation skipping transfer (GST) opportunities of the new Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, attention will now shift to the two-year extension of many expiring tax breaks.
Financial advisors are already focused on those tax breaks that directly impact their clients' personal, financial and investment planning. These tax-aware advisors are preparing to counsel investors on everything, from the short-term nature of the tax breaks, to maximizing cash flows and retirement plan distribution planning.
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