Wealthy Advised to Sell for Gains Before Unfriendly 2013 – Bloomberg 10-19-12

Salient to Investors:

Some financial advisers are telling wealthy clients that the remainder of 2012 is a last-chance sale on federal tax rates before taxes rise in January.

Ron Florance at Wells Fargo said pressure to reduce budget deficits will mean higher taxes sooner or later so take advantage of historically low rates and move taxable income and investment gains into this year.

Raymond Radigan at U.S. Bank said wealthy families looking to take advantage of generous estate-and-gift-tax rules shouldn’t wait.

Read the full article at http://www.bloomberg.com/news/2012-10-19/wealthy-advised-to-sell-for-gains-before-unfriendly-2013.html