Wealth management in the context of a fluid situation in Washington

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

More ideas for wealth management at Putnam.com

The opinions expressed here are my own and not those of Putnam Investments and are not intended as tax, legal, or investment advice.?Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, visit the?prospectus section, call your financial representative, or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing. Putnam Retail Management

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