Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
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Five year-end planning ideas for retirement savings
December 1, 2021 | Taxes
Here are some year-end planning considerations when reviewing your retirement savings plan.
Tax outlook and planning considerations
- Understanding charitable giving strategies (pdf)
- 10 Roth IRA strategies
- Converting a traditional IRA to a Roth IRA (pdf)
- Apply a net operating loss to a Roth IRA conversion (pdf)
- Top questions from advisors about taxes
- Direction of estate taxes among top advisor concerns
- Client seminar – Tax strategies for the current landscape (ppt)
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About this blog
Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights about complex financial planning needs.
William Cass, CFP®, CPWA®
Director of Wealth Management Programs for Putnam.
Chris Hennessey
Lawyer and CPA, Faculty Director, Babson College School of Executive Education, is a member of the Putnam Business Advisory Group.
ADVISOR-ONLY WEBCAST SERIES
November 17, 2021
Top year-end tax-planning considerations
Bill Cass, CFP®, CPWA®, Director Wealth Management Programs at Putnam
Chris Hennessey, Lawyer and CPA, Putnam Business Advisory Group
Five year-end planning ideas for retirement savings
Here are some year-end planning considerations when reviewing your retirement savings plan.
Top tax questions from advisors as policy debate continues
Here are the top tax questions from advisors attending our recent webcast.
Finding the right option for charitable giving
With the range of funding alternatives and strategies, it’s important for donors to understand their options for charitable giving.
Deadline nears for capital gains tax break
Taxpayers investing in economically distressed areas of the country may be eligible for a capital gains tax break if they act now.
Tax policy discussions take a turn on Capitol Hill
Tax policy discussions continue in Washington and here is what is in the latest bill.
Plan now as Congress considers SALT changes
Although not included in the initial proposal, Congress is considering making changes to the SALT deduction.
Key changes for Social Security in 2022
The COLA adjustment is one of several key changes for Social Security for 2022.
Wealth management in the context of a fluid situation in Washington
Wealth management professional Bill Cass provides an update on the status of tax and spending proposals in Washington.
House tax proposal would upend grantor trusts
The recent House tax proposal would upend grantor trusts and make planning more difficult for those transferring wealth to heirs
Will these three tax ideas creep back into legislative debate?
There is a chance that several tax provisions not in the current bill could come back in legislative debate as amendments.
How tax changes may impact small businesses
There are several ways that small businesses may be impacted by the recent House proposed tax changes.
A glance at the House tax proposals
House Ways and Means Committee released its tax proposals totaling about $2 trillion in tax increases.
Top tax questions on the minds of financial professionals
As lawmakers debate spending bills on Capitol Hill, the leading tax questions on the minds of advisors involve proposed changes to the tax code.
College-bound high schoolers focus on a strong finish
The last two years of high school are important for college-bound students to prepare.
What high school freshmen need to know to stay on track for college
For high school freshmen with college as a long-term goal, the high school years are a critical time to focus more on preparing for college.
Is college sticker shock impacting your plans?
Some families may not fully understand the price of tuition and fees, leading them to underestimate or overestimate what will be needed. And students may be reconsidering their goal of higher education because they believe it’s too expensive.
Changes on the horizon for FAFSA
Last year, the coronavirus relief bill signed into law in late 2020 makes several changes to the FAFSA filing process in the future.
Going away to college? Consider a healthcare proxy
Families need to be aware of certain legal documents, such as a healthcare proxy, that should be in place before a student leaves for college.
Lawmakers eye paths to enhance SALT deduction
While many have called for the repeal of the cap on the state and local tax deduction, a group of lawmakers continue to debate ways to enhance the SALT deduction.
Create a checklist to stay ahead of emergencies
Families can benefit from being prepared in case of an emergency or sudden loss by creating a short-term plan with a checklist of what needs to get done.
Retiring abroad? Five things to consider
An increasing number of Americans are looking to find better scenery and quality of life by retiring abroad.
Consider a Roth IRA for summer employment earnings
Students may want to consider using a Roth IRA to save some of their summer earnings.
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.