Good Afternoon,
As we move forward this year, I wanted to share a helpful reference sheet from Putnam regarding Ten Income and Estate Tax Planning Strategies that you should think about.
Some ideas you may want to consider:
- Using municipal bonds to generate tax-free income
- Develop strategies to reduce your taxable income
- The potential advantages of a Roth IRA conversion
In addition, I’ve included the 2016 and 2017 tax rates, schedules, and contribution-limits charts as helpful additional resources. And as always, before you make any changes be sure to speak to your tax and other advisors to get advice that is tailored to your needs.
Cheers.