How many times, lately, have you seen or heard someone say something like, “This has been a crazy year”? Though this may seem like a gross understatement, the truth of it cannot be disputed: The year 2020 will surely go down in history as one of the most challenging single periods any of us have ever lived through.
Those who received extensions may have just filed their 2019 tax returns, but believe it or not, it’s already time to start thinking about those returns that will come due in April 2021. A slightly more positive fact is that in this very unusual year, there are some unusual opportunities that could save you money on taxes, especially in future years.
About this time every four years, many investors begin to wonder, “Which candidate will be better for the markets?” It’s a natural question, especially when almost every candidate touts his or her platform as the one voters should choose if they want to enjoy prosperity.
Considering the rather remarkable comeback of the equity markets from their drastic drop this past spring, it would be hard to make the case that we are in a bear market presently.
When making decisions about your money, it can be smart to know the steps that extremely affluent individuals and families take to grow and protect their significant wealth.