One on One with Morton Capital Management's Angela Raitzin

As Congress and the President return to the bargaining table in an effort to avoid going over the so-called "Fiscal Cliff", the knock-on effect of these protracted debates is creating uncertainty in the markets. Angela Raitzin, Managing Principal and head of the New York City office of Morton Capital Management, which manages $1.2 billion in assets for clients across the nation, spoke with Consulting One on One recently and offered her perspective on the changing landscape of investing, the impending Baby Boomer retirement explosion, and how investors can best weather the storm in light of new taxes and regulations that may be coming down the pike.

Consulting: Why is the capital gains tax increasing and who will be most affected?

Raitzin: There is this thing called sequestration, the idea is that the congress put into place something so terrible that hopefully no one would let it happen. Basically the Budget Control Act of 2011 puts into effect very dramatic changes to the U.S. budget. The idea is for Congress and the president to come together on an agreement to avoid the "Fiscal Cliff". The debt ceiling is an ongoing part of the discussion, it's unfortunate that the U.S. economy is in such a state that we've taken on more and more debt as our expenses have exceeded our revenue for quite a while now.