Recently Covisum hosted a webinar on Tax Strategies During an Economic Downturn. During the webinar Joe Elsasser, CFP® highlighted the challenges and opportunities advisors should be aware of given the current market environment. ThinkAdvisor recapped the webinar in an article.
"Fortunately, the picture is not all doom and gloom for retirement-focused savers, Elsasser says. The current market environment, while painful from an investment perspective, has also raised a number of key tax challenges and considerations for clients.
With a little tax ingenuity, Elsasser says, clients can find a silver lining in 2022’s market woes. At the very least, they can use this year to get a handle on their present and future tax situation."