Barron's Advisor John Nersesian: Make These Tax Moves Before 2026 Arrives
Nov 11, 2025
John Nersesian, Head of Advisor Education at PIMCO, shares his expertise in financial planning. He dives into essential year-end strategies that go beyond simple tax planning, emphasizing the impact of recent tax law changes. Nersesian highlights managing income for maximum deductions and the complexities of itemizing and AMT exposure. He also discusses effective wealth transfer through gifting and 529 plans, along with the unique benefits of health savings accounts. Advisors will gain insights into strategic Roth conversions and the importance of Social Security and Medicare elections.
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Manage Income To Maximize Deductions
- Manage client income to optimize tax benefits and avoid phase-out traps.
- Use Roth conversions, capital gains timing, DAF contributions, or loss harvesting to control taxable income.
OBRA-3 Changed The Tax Landscape
- OBRA-3 made many tax provisions effective this year and some effective in 2026.
- The $40,000 SALT increase and higher standard deduction change how clients should plan now.
Check SALT Deductions Against AMT
- Watch AMT interactions when claiming larger SALT deductions.
- Evaluate whether larger regular deductions could push clients into AMT and adjust planning accordingly.
