“In this world, nothing can be said to be certain, except death and taxes.” – Benjamin Franklin

The U.S. budget deficit normally approaches one trillion dollars a year. This year, with stimulus spending, it will approach FOUR TIMES that level. Additionally, there is talk of capping itemized deductions as well as modifying capital gains and dividend treatment. Inasmuch as storm clouds herald rain, current events strongly indicate future tax increases ... or what some have dubbed a possible “taxmageddon!”

Meanwhile, the financial planning world is all abuzz about tax strategies that may be applied to this emerging landscape of increased taxes. While structured settlements have always been a foundational vehicle in ensuring accident victims and their families have the resources they will need in the future, given the gathering “tax clouds” their tax-favored status may make them that much MORE attractive.

CLICK HERE for What May Come Next ...