Year-end planning is an important time for taxpayers to assess their personal financial situation, estimate their income and tax bracket, and determine if action is needed.
Review this checklist with a financial advisor for opportunities to seek ways to minimize taxes and other potential benefits.
Consult with a financial professional
Knowing the expected tax bracket is a good start for year-end planning. Investors should discuss the implications of tax mitigation and other planning strategies with a financial advisor who understands their individual tax situations. Implementing these strategies before year-end may help optimize your current financial plan.
For informational purposes only. Not an investment recommendation.
This information is not meant as tax or legal advice. Please consult with the appropriate tax or legal professional regarding your particular circumstances before making any investment decisions. Putnam does not provide tax or legal advice.