It can be difficult to navigate a down market, investors may be able to take advantage of tactical planning opportunities.
SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.
Wealth management professionals offer a tax outlook and discuss tax smart strategies under the Biden era.
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.
The CARES Act provides emergency assistance to those affected by the pandemic with a range of programs from expanded unemployment benefits to loans.
As the deadline approaches, there is still time for investors to reverse or recharacterize, a Roth IRA conversion.
A benefit of a Roth conversion is that investors may change their minds. An early start gives investors more time to assess the value of the strategy.