Tax Strategies For Today And Tomorrow | Insights Live | Fidelity Investments

Join the Insights from Fidelity Wealth Management team as we examine the latest tax policies out of Washington- and how they could benefit you. We'll also discuss tax-smart strategies that may help reduce your taxable income, maximize potential deductions and keep more of your money working for you.

Specific topics we'll cover include:
New legislation related to the 2017 Tax Cuts and Jobs Act, which affects federal income tax brackets, standard deductions, state and local tax (SALT) deductions, and more
Ways to manage your tax liability in retirement through withdrawal strategies, Roth conversions, and charitable contributions
Estate planning strategies, such as annual gifts and the lifetime estate tax exemption, which can help you transfer your wealth efficiently
Ideas to help reduce your taxable income and maximize deductions, both today and in the future

00:00 Introductions
02:41 High-level overview of the new tax bill and key changes
06:16 SALT caps and what it means for higher income tax filers
07:21 Charitable deductions changes and what it means for high income tax filers
09:06 New Federal and gift estate tax rates and what it means for clients
12:21 New estate tax limits and what it means for estate planning
14:46 Strategies for clients to consider to reduce their tax bill this year
16:36 Special considerations for small business owners
18:36 Considerations around Roth conversations
22:06 Available strategies to help manage taxes on retirement income
24:26 Most tax-efficient withdrawal strategies for retirement
25:47 Charitable strategies to help with taxes on retirement income
28:56 Tax considerations for moving in retirement
30:42 Opportunities to use trusts to help manage taxes
33:46 Changes to inherited IRA laws and what potential heirs need to know
36:06 How clients can reduce taxes on investment income
28:38 How clients can reduce taxes on mutual fund shares
40:04 Strategies to reduce long-time holdings positions while potentially reducing tax consequences
42:13 Options to reduce your taxes if you have a high-dividend strategy
43:20 How should assets be balanced across mutual funds, tax managed funds, IRA, stocks, and bonds to potentially reduce taxes
45:11 What clients should be aware of when incorporating tax planning into their wealth strategy
47:10 Key takeaways and conclusions

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