This month's special feature espouses the belief that the best way to prepare for tomorrow is to focus on today--the future tax environment is simply too uncertain.
Millennium Series author Robert Preston believes that many tax planning strategies du jour serve the financial planning community better than clients' interests, citing the Roth IRA conversions and reconversions as an example. His advice is similar to stock market analysts that say, "Don't try to time the market. Buy low. Sell high. Don't waste money by reacting to every little hint of a trend."
By sitting tight rather than second-guessing Congress and the IRS, planners that follow Preston's advice may buy themselves peace of mind and provide their clients a better financial future. *
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