Yesterday the government reported the sharpest monthly decline in wholesalers’ sales since March of 2009. Are we moving toward a recession? Peter Coy of Business Week summarizes forecasts from the leading economists. Part of a successful investment strategy in any environment is minimizing your tax burden. Advisor Perspectives offers ten tips you can use to keep your taxes as low as possible. You can help protect your assets from potential creditors as well. Our final article explains which forms of asset protection are your best defense.
The U.S. Economy: A Soft Patch, Not A Recession– That’s the predominant view among professional economists, who say that this expansion has room to run. The median forecast of those surveyed by Bloomberg is for the U.S. economy to grow 2.9 percent this year, the best since before the 2007-09 recession. It’s then expected to keep going at a 3 percent growth rate in 2015 and 2016.
10 Tax-Management Strategies to Consider In A Rising Tax Environment– When it comes to investing, the most important thing may be not what you make, but what you keep. Here are some helpful tax-management techniques to help investors protect their wealth by reducing their tax burden. http://advisorperspectives.com/commentaries/eaton_031114.php
Asset Protection In Estate Planning– As investors begin to accumulate wealth, a major concern becomes how to protect it. 360 Degrees of Financial Literacy explains how you can help shield your personal and business assets from future creditors. http://www.360financialliteracy.org/Topics/Investor-Education/Asset-Allocation/Asset-protection-in-estate-planning
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller