Wealth Management Center

Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey


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For retirement reform, the next stop is the Senate

May 11, 2022  |  Retirement/Income

Following House passage of the retirement reform bill known as SECURE 2.0, the next stop to advance this comprehensive bill will be in the Senate.

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For retirement reform, the next stop is the Senate
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ADVISOR-ONLY WEBCAST SERIES

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March 8, 2022

Ideas to engage clients during tax season

Bill Cass, CFP®, CPWA®, Director Wealth Management Programs at Putnam
Chris Hennessey, Lawyer and CPA, Putnam Business Advisory Group

For retirement reform, the next stop is the Senate

For retirement reform, the next stop is the Senate

Following House passage of the retirement reform bill known as SECURE 2.0, the next stop to advance this comprehensive bill will be in the Senate.

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Saving still a priority as student loan forgiveness is debated

Saving still a priority as student loan forgiveness is debated

The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.

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Looking beyond the basics of RMDs

Looking beyond the basics of RMDs

While many retirees know the basics of RMDs there are many aspects of the process that may not be fully understood.

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How to be smart about taxes in the year ahead

How to be smart about taxes in the year ahead

With the 2021 tax filing deadline over, it may be time to think about planning strategies for taxes for the rest of the year.

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Potential new taxes could drive businesses to change structure

Potential new taxes could drive businesses to change structure

Lawmakers are considering potential new taxes that could lead businesses to consider changing their structure from an S-Corp to a C-Corp.

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SECURE 2.0 clears a key hurdle

SECURE 2.0 clears a key hurdle

The House passed SECURE 2.0 that expands on landmark retirement legislation enacted in 2019.

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How business owners may maximize a valuable tax benefit

How business owners may maximize a valuable tax benefit

For some businesses, one of the most valuable tax benefits available is the deduction for qualified business income.

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Leading tax topics on the minds of financial advisors

Leading tax topics on the minds of financial advisors

SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.

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Four estate planning ideas for 2022

Four estate planning ideas for 2022

Consider these estate planning ideas this year that may help lessen the tax burden in the future.

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Changes to the 10-year rule could surprise retirement account heirs

Changes to the 10-year rule could surprise retirement account heirs

The IRS is proposing new rules for retirement account distributions including changes to the requirements of the 10-year rule for heirs.

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Some business owners may bypass the SALT deduction cap

Some business owners may bypass the SALT deduction cap

Many states are passing laws that allow certain business owners to bypass the SALT cap when filing their federal income tax return.

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New child tax credit form coming for the 2021 filing

New child tax credit form coming for the 2021 filing

Many taxpayers are receiving a new child tax credit form from the IRS to complete for their 2021 filing.

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Don't leave digital assets behind in the cloud

Don't leave digital assets behind in the cloud

When estate planning, people often focus on tangible possessions and may leave valuable digital assets behind.

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Planning ideas with potential higher rates on the horizon

Planning ideas with potential higher rates on the horizon

With the prospect of higher rates on the horizon here are some strategies for investors to consider now.

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Saving for retirement is one step, generating income is another

Saving for retirement is one step, generating income is another

Saving for retirement may be challenging but planning for retirement income can be even more complex.

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Required distributions on inherited retirement accounts reduced in 2022

Required distributions on inherited retirement accounts reduced in 2022

New life expectancy table mean RMDs on inherited accounts will be reduced this year.

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Retirees may keep more savings under new guidelines

Retirees may keep more savings under new guidelines

The Treasury Department updated the life expectancy projections used to calculate RMDs which may allow retirees to keep more savings longer.

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Key tax figures for 2022

Key tax figures for 2022

While most key tax figures for 2022 had only slight changes, there are areas where individuals may want to consider revisions to their tax strategy.

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Reach out to families as they prepare for holiday gatherings

Reach out to families as they prepare for holiday gatherings

Consider reminding parents that having everyone together at holiday gatherings can be a good time to address some key planning topics.

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Year-end planning review checklist

Year-end planning review checklist

A checklist can help investors assess personal finances for a year-end planning review to determine if action is needed.

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Five year-end planning ideas for retirement savings

Five year-end planning ideas for retirement savings

Here are some year-end planning considerations when reviewing your retirement savings plan.

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Tax season planning under the TCJA

A new perspective on tax deductions

Optimize the small-business tax deduction

Estate planning considerations before the law sunsets

New strategies emerge for Roth conversions

Tax rates lowered, deductions limited in tax law

The tax reform law lowers tax rates and imposes new limits on many deductions.

Many deductions changed in new tax law

The standard deduction doubles while some popular tax deductions are limited or eliminated by tax reform.

Estate planning remains vital

Despite higher exclusion levels for federal estate taxes, estate planning remains vital for taxpayers.

Tax reform creates new deduction for small businesses

Understanding the new 20% deduction for business income is key for small business owners.

New tax law influences individual planning

Individuals may consider various strategies for charitable giving and financial planning in the new tax environment.

$30T in wealth transfer creates opportunity

Advisors may consider expanding their value proposition and professional network to grow their business.

Top strategies for advisors when heirs inherit wealth

Learning about an investor's family can help advisors connect with the next generation.

Social strategies for meeting the next generation

Start with social media and expand to social events to reach out to the next generation of clients.

Use family meetings for more effective wealth transfer

Hosting a family meeting can help investors and their children focus on values, planning issues, and philanthropy.

College savings plans offer tax advantages

Explore tax-advantaged savings when planning for college.

Chris Hennessey is Professor Emeritus of Law at the Babson College School of Executive Education and member of the Putnam Investments Business Advisory Group. His opinions do not necessarily reflect those of Putnam Investments.