Many investors are wondering where taxes could be headed under the Biden administration.
Bill Cass, CFP® and CPWA®, Director of Wealth Management Programs, and Chris Hennessey, J.D. and C.P.A., Financial Planner and Professor Emeritus of Law, Babson College, recently joined Putnam Portfolio Manager Paul Drury, for a webcast to discuss the current tax landscape, planning strategies for investors, and outlook for the municipal bond market.
Here’s a snapshot of what Putnam’s experts covered:
- What’s the probability and timing of potential tax increases in 2021? Is there a chance that changes could be applied retroactively?
- What type of tax increases are more likely to be targeted, and those that are less likely?
- What tax planning conversations are most timely right now to engage clients and prospects?
- How might the COVID relief plan being deliberated on Capitol Hill impact the municipal bond market?
- Where are the current opportunities in the tax-free, fixed income space?
In addition, during the webcast we asked more than 300 advisors for their thoughts on what type of tax increase was most likely in 2021.
Financial professionals: Watch the webcast replay to see what Putnam experts think about the tax landscape.
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