Three ways to offset income from a Roth conversion
June 17, 2026
A Roth conversion can create tax-free retirement income, but it may also generate a tax bill. Learn how certain deductions and losses may help offset conversion income.
The tax-aware advisor’s 2026 playbook: Actionable strategies for financial advisors
Watch the on-demand webinar and discover practical, advisor-ready strategies for helping clients pursue tax-efficient outcomes in 2026 and beyond.
Introduction
As the 2026 tax landscape continues to evolve—with new deductions, inflation-adjusted figures, and updated contribution limits—financial advisors need proactive, year-round strategies that deliver measurable value to clients.
Franklin Templeton's tax-aware advisor's 2026 playbook provides a practical framework built on three strategic "plays" that you can implement immediately in your practice.
What’s changing and why it matters
Overview of new deductions, inflation-adjusted figures and updated contribution limits that may affect client decision-making.
1
New deductions create planning opportunities—and complexity.
Advisor action: Identify clients who may qualify early in the year to avoid missed opportunities due to phase-outs.
2
Inflation adjustments affect brackets, contributions and limits.
Advisor action: Use the 2026 tax rates, schedules and contribution limits PDF as a reference.
3
Updated figures may prompt earlier decision-making.
Advisor action: Flag clients approaching key thresholds earlier in the planning cycle.
Turn tax planning into an ongoing, year‑round discipline that empowers advisors to be proactive in their planning conversations and keep clients aligned through every life and income event.
How advisors can apply this play:
- Plan earlier in the year and reassess during regular client check-ins
- Coordinate planning with life and income events
- Use the year-end planning checklist as part of an ongoing process
When to use this play:
- During quarterly reviews
- After major income or life changes
Playbook takeaway:
- Tax efficiency isn’t a year-end decision—it’s a year-round discipline
Putting the tax-aware playbook into action
- Play 1: Establishes a year-round planning rhythm that keeps tax considerations front and center throughout the year.
- Play 2: Focuses income decisions on after-tax outcomes, leveraging Franklin Templeton's municipal bond expertise to help clients pursue tax-advantaged strategies.
- Play 3: Personalizes portfolios to manage taxes at the portfolio level through customization and strategic loss harvesting.
Advisor next steps
Playbook mindset
Tax-aware investing is an ongoing discipline, not a one-time event.
- Identify priority clients who would benefit most from tax-aware strategies
- Embed tax awareness into regular client reviews
- Align tools and strategies to client objectives
- Revisit plans as conditions change throughout the year
Additional resources
2026 tax rates, schedules and contribution limits
Year-end planning checklist
Key planning strategies for the One Big Beautiful Bill Act
Why munis now
Leaders in municipal bond investing
Canvas Capabilities
Insights
May is 529 Month: Five action steps every family should take
May 27, 2026
May is 529 Month. As college costs rise, learn five practical ways to maximize your plan’s tax benefits, flexibility and growth potential to prepare for the future.
Most families don’t know the full power of 529 plans
May 13, 2026
Today, 529 plans offer flexible, tax-advantaged savings beyond traditional college. Recent updates expand their use to K-12 tuition, vocational training and the option to transfer unused funds to a Roth IRA. Our Bill Cass explains the ways to optimize the benefits of 529 savings plans.
Watch the on-demand replay
View our session that empowers you with a playbook of simple, immediately actionable strategies that can help your clients keep more of what they earn in 2026 and beyond.
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