In 2017, Donald Trump will be sworn in as the 45th President of the United States. And with his presidency is certain to come major changes that could affect your estate planning. Trump, for example, made it very clear during his presidential campaign that he would repeal the so-called "death tax." Trump also talked about making other changes that could, for example, change the way capital gains are taxed. And because the Republican majority in the Senate also tend to favor these actions, it's very possible that many of these changes could actually occur.
"As January goes, so does the year" -- at least when it comes to investing in the stock market. With global turmoil causing U.S. markets to drop sharply during the first trading week of the year, you may be wondering whether it's a good time to pick up bargains or whether you should keep your powder dry in anticipation of a more significant correction. However, if you've never invested in foreign currencies before (or if your exposure to foreign stocks is fairly limited), now may be the perfect opportunity to take advantage of some depressed foreign currencies.
Private Wealth Management has long been considered a service reserved for the world's financial elite. However, more people in today's economy could benefit from private wealth management than ever before. There are more millionaires in our society than ever before--and even if you're not there yet, your retirement target will probably put you in that category at some point.
With that in mind, it's only logical to wonder whether private wealth management is something you should investigate.