In today's episode Nicholas Olesen, CFP®, CPWA® shares thoughts on financial planning for 2021 given the likely changes due to President-elect Biden's policies.
Nicholas talks about:
- GA runoff election has given Democrats complete control for the next two years
- The next large stimulus plan - where will the focus be and how much will it be fore
- Student loan debt forgiveness
- Affordable Care Act changes - "Bidencare"
- COVID vaccine rollout
- Cabinet selection under Biden
- Corporate tax increases to 28%
- SALT deductions to be brought back
- Additional tax, like NIIT or additional Medicare tax, coming for high income earners
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