Retirement savings tax advantages may change under Democratic proposals
Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.
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Change in administration may mean tax changes
With uncertainty around the upcoming elections, it is not clear what types of tax changes may be implemented under a new administration.
Video: Consider a Roth to prepare for future taxes
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.
Video: Tax rates may rise in the future
With the current economic pressures, some investors may be focusing on the tax landscape and the possibility of higher tax rates
Putnam pros discuss taxes in the run-up to the election
Putnam’s wealth management professionals share their views on taxes, the markets, fiscal policy, and the November election.
Key changes for charitable giving in 2020
In 2020, more taxpayers may be able to take tax deductions on their charitable giving as a result of provisions in the CARES Act.
Pandemic could reduce Social Security benefits
The pandemic is taking a broad economic toll causing many workers to earn less which could reduce Social Security benefits in the future.
Using a 529 plan when college is remote
Families may consider using funds from a 529 plan to cover qualified expenses even if their child is studying remote this fall.
Strategies during a college gap year
While college students may decide to take a gap year, families can continue to plan for the completion of the college program.
Back-to-school planning during the pandemic
While navigating the changing back-to-school landscape , families can still focus on planning and saving for the future.