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Advisors React to Fiscal Cliff Deal

Advisors are suggesting strategies for clients to help minimize the impact of increased taxes on income exceeding $400,000 for individuals and $450,000 for married couples, the thresholds set in Washington’s agreement to avoid the fiscal cliff, reports Reuters.

Strategies include deferring income, reducing spending, and allocating more assets to equities rather than income producing bonds.

Read the full article from Reuters here.

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