Most of the 2017 Tax Cuts and Jobs Act is set to expire at the end of 2025. In particular, the estate tax exemption will return to pre-2017 levels. Will Congress act first?
The Nov. 5 election is now history, and the nation and the financial services industry is looking ahead to see what a new administration and a new Congress will do after taking office in January.
The financial sector under the incoming Trump administration is taking shape.
An advisor is forming a coalition of professionals to support underserved groups and said he was inspired to do so by the Nov. 5 election results and concerns from clients about what policy changes a new administration and a new Congress could mean for them.
Social Security will not likely be on the new president's agenda, analysts agreed.
The post-election period provides advisors to engage in a discussion with their clients on financial issues that are impacted by the election and issues that are not.
While we should take the president-elect at his word and trust that he will do everything he can to ensure promises made will be promises kept, there are known unknowns.
Strong economic growth, moderating inflation, declining interest rates and easing monetary policy is leading to robust returns, Morningstar strategists said.