Wealth Management Center

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


Identifying key contacts in the next generation of investors

Identifying key contacts in the next generation of investors

April 26, 2017

Only a small percentage of heirs stay with the financial advisor used by their parents, making it critical for advisors to connect with the next generation.

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May 17, 2017  |  1:15pm ET

Trump’s First 100 Days: Markets and Policy

Bill Cass, CFP®, Director Wealth Management Programs at Putnam
Chris Hennessey, Lawyer and CPA, Putnam Business Advisory Group
Matt Beaudry, CIMA, Senior Investment Director

Huge wealth transfer sparks ideas as advisors rethink their businesses

Huge wealth transfer sparks ideas as advisors rethink their businesses

In a new wave of wealth transfer, $30 trillion is projected to move to the next generation over 30 years, leading some advisors to rethink their businesses.

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Escalating U.S. debt may weigh on financial plans

Escalating U.S. debt may weigh on financial plans

U.S. debt is at its highest level in decades which could drive tax policy changes as lawmakers seek to increase federal revenue.

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Can decanting add flexibility to estate planning?

Can decanting add flexibility to estate planning?

When the tax landscape is unclear, flexibility can be important. For investors with irrevocable trusts, some states give trustees more flexibility with decanting.

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A tax diversification strategy may help investors cover their bases

A tax diversification strategy may help investors cover their bases

In an uncertain policy environment, it may make sense for investors to also consider tax diversification when planning for retirement income.

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Little-known strategy provides for IRA-to-HSA transfer

Little-known strategy provides for IRA-to-HSA transfer

A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.

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How an LLC can help safeguard assets

How an LLC can help safeguard assets

A limited liability company (LLC) is among several strategies that may help protect assets from creditor risk.

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Republicans take first step to repeal Obamacare

Republicans take first step to repeal Obamacare

Congressional Republicans this week introduced the American Health Care Act in a move to repeal and replace the Affordable Care Act.

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Create a roadmap for family in case of emergency

Create a roadmap for family in case of emergency

Creating instructions, much like a roadmap, can be among the most helpful item you can leave to family members trying to manage your estate.

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Action plan helps families prepare for college

Action plan helps families prepare for college

Having an action plan can help families and students prepare for college as they navigate the process throughout the high school years.

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Consider these four strategies before interest rates rise

Consider these four strategies before interest rates rise

Investors are expecting more interest-rate hikes from the Fed in 2017. Here are some strategies to consider before interest rates rise.

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Tax breaks could be back under the microscope in tax reform debate

Tax breaks could be back under the microscope in tax reform debate

Tax advantages for health benefits, retirement contributions, and mortgage interest may come under Congressional scrutiny this year in a tax reform debate.

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Here are six tools to calculate Social Security claiming options

Here are six tools to calculate Social Security claiming options

How and when to claim Social Security benefits is one of the most important retirement and there are dozens of free online tools that offer some guidance.

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What is the future of Social Security?

What is the future of Social Security?

With Social Security expected to run out of reserves by 2034, reforming the entitlement program remains a priority issue for some lawmakers.

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Getting an early start on a Roth conversion may optimize the strategy

Getting an early start on a Roth conversion may optimize the strategy

A benefit of a Roth conversion is that investors may change their minds. An early start gives investors more time to assess the value of the strategy.

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Planning strategies may benefit estates of all sizes

Planning strategies may benefit estates of all sizes

Most estates may fall within the exemption level from federal estate taxes but investors still need to plan for the orderly transfer of wealth.

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Five strategies for reducing the tax bill in 2017

Five strategies for reducing the tax bill in 2017

Federal tax reform may or may not happen this year, but investors may benefit from planning strategies that can reduce their tax bill for 2017.

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Three planning ideas for small business owners

Three planning ideas for small business owners

Here are three planning ideas that may help entrepreneurs manage their business taxes and liabilities.

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Key tax figures for 2017

Key tax figures for 2017

Most tax figures will remain unchanged in 2017, according to the new tax schedule released by the Internal Revenue Service.

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At year-end, retirement distributions not always required

At year-end, retirement distributions not always required

Year-end is an opportune time to remind investors of situations where they are not required to take retirement distributions.

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Five ways Obamacare may change in 2017

Five ways Obamacare may change in 2017

Following more than a year of calling for the repeal and replacement of Obamacare, President-elect Donald Trump will take his case to Congress.

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Gifting and estate plans can be priorities at year-end

Gifting and estate plans can be priorities at year-end

Year-end can be a critical time for investors who want to take advantage of certain gift- and estate-planning strategies.

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$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.

GOP health-care bill moves through Congress

The American Health Care Act includes many new provisions including tax cuts, elimination of mandates, and expansion of health savings accounts.

Tax reform could take time to implement

Congress is beginning to focus on tax reform but it may take more than a year to complete.

Tax considerations when planning for lower tax rates

There are many tax strategies that may be considered now in anticipation of a reduction in tax rates in the near term.

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.