The survey was carried out in December 2011 on 1336 investors of varying wealth levels.
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According to the survey, a number of respondents reported that they were taking a number of steps to protect themselves from anticipated tax increases, the most common strategy being increasing contributions to employer-sponsored retirement plans, such as a 401(k).
Results of the survey also indicated the investors as being savvy to the numerous tax advantages offered by various employer-sponsored retirement plans.
Nearly 30% of the millionaires having net worth of US$1 million or more, not including primary residence, were shown as those likely to buy tax-free bonds.
One-fourth of millionaires plan to create a trust to protect themselves from potential tax increases, while more than one-fifth plan to increase charitable giving, the survey stated.
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By GlobalDataThe survey also added that about 8% of overall investors plan to establish or increase contributions to a 529 savings plan in response to anticipated tax increases.
