What's really in the new tax bill making its way through Congress? And should you adjust your portfolio when markets feel "too good to be true"?
In episode 3 of Long Story Short, Andy Pratt and Adam Newman break down the tax legislation everyone's talking about and tackle a question they get constantly: When should you actually change your risk level?
We cover:
- Key provisions in the House and Senate tax bills (and what's likely to survive)
- Why the estate tax exemption is going up, not down
- The psychology behind portfolio risk decisions
- How to think about deficits and government debt as an investor
- Why market breadth matters more than you think
- Iran, Israel, and the latest "crisis" markets are ignoring
⏱️ Timestamps:
- (0:00) Summer songs and small talk
- (3:30) Why we're starting this podcast
- (4:00) Tax bill status: House vs Senate versions
- (7:00) Estate tax exemptions rising to $15 million per person
- (8:30) State and local tax deduction changes
- (11:00) Should you worry about government deficits?
- (16:00) Middle East tensions and market reactions
- (29:00) The psychology of risk: When to actually adjust your portfolio
- (34:00) Why stress makes you dumber (literally)
- (35:00) Summer playlist recommendations
#WealthManagement #TaxPlanning #PortfolioRisk #MarketAnalysis
The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. Burney Company does not provide legal, tax, or accounting advice, but offers it through third parties. Before making any financial decisions, clients should consult their legal and/or tax advisors.
