Paul Sullivan writes in his Wealth Matters column this week about how all the ominous talk of tax increases as the nation seeks to resolve its fiscal problems is prompting some people to move quickly to take advantage of the current lower tax rates. But the financial advisers Paul spoke to warned investors that they may regret decisions made in haste, and done solely for tax reasons.

Have you been listening to all the tax talk and considering action? Have you already begun to sell appreciated stock, for instance, or to buy annuities to avoid a possible increase in the capital gains tax? Or are you just watching and doing nothing in the belief that there’s really nothing you can do to avoid higher taxes?

Tell us below about how you are reacting to all the talk of financial gloom and doom.

Article source: http://bucks.blogs.nytimes.com/2012/11/16/your-reaction-to-the-talk-of-tax-increases/?partner=rss&emc=rss