Sunday, October 21, 2012
That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4% from 15% and the top rate on capital gains to 23.8% from 15%. ...
Advisers at companies including Wells Fargo, Bank of America, Bank of New York, JPMorgan Chase, Northern Trust and U.S. Bancorp are discussing with their wealthy clients such strategies as selling appreciated securities, relocating assets to tax-deferred retirement accounts, converting IRAs, exercising stock options and making large gifts to heirs this year.