Preparing for the Fiscal Cliff

By Vincent Bernhardt and Marcella B

Congress finally took action, but the issues of the Fiscal Cliff still loom in the future. We'll be tumbling down this Fiscal Cliff for a few years. What they did was call it something else - Quantitative Easing - and pushed it down the road so they didn't have to deal with it.

This short book reviews the issues that faced us in the original Fiscal Cliff. Most of those issues remain as of this writing (September, 2016).

Do you know the effect the Fiscal Cliff can have on you and your family? Do you know how to prepare for it? You CAN do some things to help yourself now.

Get informed and take action now.

• Language: English
• Publisher: Vincent Bernhardt
• Release date: May 15, 2013
• ISBN: 9781301751822

Vincent Bernhardt

Vince Bernhardt is a futurist, app developer, humorist and writer. His apps are designed to make the digital world more accessible and humorous; his books try to do the same for the real world. Some of his interests include economics, technology, life's surprises, and reading. He might believe in UFOs, except he isn't sure what they are. He does believe in unicorns. In his free time, Vince creates other worlds, both by writing and by enjoying video games with his lovely wife and his collection of charming children. He lives in Texas and blogs at o-dark-thirty.

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Preparing for the Fiscal Cliff

by Vincent Bernhardt and Marcella Bernhardt

Copyright 2012 by Vincent Bernhardt and Marcella Bernhardt.

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Table of Contents

Introduction

The Fiscal Cliff Looms

Components of the Cliff

What to Expect

What to Do

What to do if you have an investment portfolio

Wrapping it up, a personal note

Who we are

End Notes

Introduction

In late summer of 2012 we went to a conference (it wasn't even a financial conference) and one of the speakers ominously mentioned the fiscal cliff. We looked at each other and asked What can we do to prepare for this?

For the next few weeks we asked our friends, many of them much more financially literate than we are, and none of them had any advice. Some heard of the fiscal cliff and some could even tell us what comprised part of the cliff, but they didn't have any good advice on what to do.

We asked family members and received the same response. So we had to look at each other and wonder - if our family and friends have no idea how to prepare for the fiscal cliff, what chance do any of us have to actually survive it?

Quite often the common method of dealing