2020volatility – Putnam Wealth Management

Taxes

Year-end planning ideas under the CARES Act

As investors prepare for year-end planning, they may want to consider tax-smart strategies under the CARES Act.

Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.

Taxes

With uncertainty around the upcoming elections, it is not clear what types of tax changes may be implemented under a new administration.

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.

Taxes

With the current economic pressures, some investors may be focusing on the tax landscape and the possibility of higher tax rates

In 2020, more taxpayers may be able to take tax deductions on their charitable giving as a result of provisions in the CARES Act.

The pandemic is taking a broad economic toll causing many workers to earn less which could reduce Social Security benefits in the future.

Families may consider using funds from a 529 plan to cover qualified expenses even if their child is studying remote this fall.

While college students may decide to take a gap year, families can continue to plan for the completion of the college program.

While navigating the changing back-to-school landscape , families can still focus on planning and saving for the future.