If the House passes the bill already approved by the Senate, the $5-million federal estate tax exemption will be indexed to inflation. Rep. Chris Van Hollen (Md.), the ranking Democrat on the House Budget Committee, expressed dismay. He suggests the cost of living could increase 50% by 2020.
If so, you'll need to pay $15 in 2020 for stuff you now purchase for $10.
Maybe it's finally time to get out of bonds.