Wealth management in the context of a fluid situation in Washington

Bill Cass, CFP®, CPWA®

Bill Cass, CFP®, CPWA®, 10/13/21

I sat down with Putnam’s Senior Market Strategist Chris Galipeau on his latest “Active Insights” podcast to talk about the fluidity of the situation in Congress in regard to taxes.

We went over a lot of topics! Some highlights:

  • The current situation in Washington
  • The latest on tax and spending proposals
  • Potential changes to tax law, including capital gains
  • How estate planning may change under proposed rules
  • Strategies to mitigate the impact of rising tax liabilities
  • Key planning ideas for end-of-year tax-planning discussions

The interview also includes a discussion of proposals that could return in the debate:

  • Changes to the SALT (state and local tax) deduction
  • Possible limits on stepped-up cost basis rules

link to podcast