At some point, the debt trajectory will drive discussions on Capitol Hill to increase revenue, which could result in higher taxes.
It is important to note there are some potential mistakes to be avoided when executing a backdoor Roth strategy.
Wealth management professional Bill Cass provides an update on the status of tax and spending proposals in Washington.
With the possibility of future higher tax rates, investors may want to consider strategies that can be implemented now such as a Roth IRA conversion.
Putnam’s wealth management professionals share their views on taxes, the markets, fiscal policy, and the November election.