Advisers warn against tax-driven decisions

11/18/2012 | New York Times (tiered subscription model), The

Attention given to the "fiscal cliff" might tempt wealthy investors to make rash decisions that could end up costing more than the tax increases they fear, financial advisers say. Appreciated stock that is performing well could continue to produce returns greater than tax savings from a hasty sale to avoid higher capital-gains tax, advisers say.

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New York Times (tiered subscription model), The

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