Delaware County voters will head to the polls this November with a clear idea of where they want to see their community, state and nation four years from now. Those of us in the financial industry have our own wish—that politicians make up their minds about how to solve our retirement and health care issues!
Working with clients from across the financial and political spectrum, the main problem is uncertainty: We just don’t know how Washington will address the fiscal cliff this year or how it will resolve the larger issues of growing federal debt and health care costs. In a stubbornly tough economy, this makes it very difficult for the average family to plan for retirement—and doubly difficult for those already on fixed incomes.
Whatever your political persuasion, now is the time to review not only the issues and the candidates you’ll be voting for this November, but the preparedness of your finances for what 2013 may bring.
Make it count before you vote: take advantage of 2012’s opportunities. With the potential lowering of the estate tax ceiling, many more families should look for ways to gift or distribute assets before the end of this year. While a lame-duck Congress may reduce or delay this change, it’s difficult to foresee the status quo continuing indefinitely.
DOWNLOAD FULL PDF >>