Financial advisers are warned to prepare for loss of tax breaks

THE PUNKING OF THE LEFT                                            
It is a matter of time before Congress eliminates a wide range of tax breaks for the well-off, and financial advisers need to start planning, according to a presentation at the InvestmentNews Retirement Income Summit. A tax deal that U.S. President Barack Obama made with Congress bought financial planners time to help clients get ready for changes in the taxation of dividends and capital gains, said James Delaplane, a partner at Davis & Harman. Full story here