I've been asked a lot of "what if?" about the election.
Please remember that #taxlaws remain in effect unless/until they are changed.
Folks who suggest that #tax rates will switch over following the Presidential election are mistaken: only #Congress can make those changes.
(1/3)
And these things typically take time no matter the outcome.
The last Presidential election was Nov 2016. The President took office in Jan 2017. At that time, the GOP held both the Senate & House.
Even so, #taxreform didn't happen until Nov 2017.
Again, not automatic.
(2/3)
I've received a lot of email about making wholesale changes to #retirement/ #estateplanning/ #investment based on the maybes.
It's your money.
But I would urge you to be thoughtful about your choices. Rely on advice from professionals - not a FB meme. (3/3)
You can follow @taxgirl.
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