Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
October 25, 2016
There is still time for investors to implement tax-smart strategies before the close of the year.
ADVISOR-ONLY WEBCAST SERIES
November 9, 2016 | 1:15pm ET
Post-election update and year-end tax planning
Bill Cass, CFP®, Director Wealth Management Programs
Chris Hennessey, Lawyer and CPA, Putnam Business Advisory Group
Matt Beaudry, CIMA®, Senior Investment Director
Now’s the time to review and act on retirement accounts
With different tax rules and penalties for forgotten distributions, it's important to review retirement accounts before the end of the year.
Presidential nominees take a different stand on taxes
The two party's presidential nominees in the 2016 U.S. election have very different views on tax reform.
IRS sets its sights on family business transfers
A proposal from the Internal Revenue Service (IRS) would change the way family-owned businesses are valued for family business transfers.
Six steps to take to prepare for the fiduciary rule
The DOL’s fiduciary rule will affect the advice industry in 2017 and how advice experts prepare for that change could make a difference in their business.
Deadline to undo a Roth IRA conversion is approaching
A Roth IRA conversion has a special provision that allows investors to undo the action. The deadline to reverse the action for 2015 tax year is approaching.
Social Security isn’t just for seniors
It's not uncommon to see parents of retirement age with young children at home. In these families, children may be eligible for Social Security benefits.
Rollover or stay? DOL fiduciary rule brings changes.
Rollovers are a leading driver of IRA assets and the DOL fiduciary rule will introduce new requirements for transactions involving IRAs next year.
Consider the options when helping grandchildren with college costs
Grandparents seeking to help grandchildren with college costs may contribute in several ways, with different types of accounts and benefits.
Research and plan for the true cost of college
Non-tuition college expenses make up a significant portion of the price of going to college, but you may need to research to calculate the true costs.
Why a college student needs a health-care proxy to unlock barriers for parents
Parents may face challenges trying to help their child in an emergency at college if they do not have a health-care proxy or power of attorney.
Off to college? Parents need to consider this checklist
Parents may want to discuss numerous topics with children going to college including paying bills, transportation, and seeking health care.
Will fixing Social Security mean higher taxes and lower benefits?
Multiple recommendations have been made to fix Social Security and some strategies may be more costly for investors.
Proposals in Congress aim to aid retirement and college savers
While major legislation is unlikely to be passed during an election year, some smaller-scale bills to help savers could be advanced.
Could an HSA strengthen your retirement plan?
An HSA (Health Savings Account) may offer certain investors tax-advantaged savings for future health costs in retirement.
How much do you really pay in taxes?
With a system that includes seven marginal tax rates, numerous surcharges, and an alternative minimum tax it can be difficult to determine a total tax bill.
Don’t let creditors put your IRA savings at risk
Creditor risk, which may be overlooked by investors, can erode retirement savings, particularly in an IRA account.
Non-hardship 401(k) withdrawals can expand investment opportunities
Some plan participants may use non-hardship 401(k) withdrawals to invest in individual retirement accounts.
There’s still time for couples to use this Social Security benefit
Congress eliminated two Social Security claiming strategies last year, but one can still be used by married couples before it expires.
Three ways to mitigate health-care costs in retirement
Aware of rising health-care costs, investors may be looking for strategies to limit the impact of health expenses on retirement savings.
Expect the unexpected: Many retirees will need long-term care
Many individuals will need some form of long-term care during their retirement years and need to plan ahead.
Most Americans are mindful of college costs, unaware of 529 plans
A 529 plan is one of several ways to save for college and benefits vary among investment vehicles.
Year-end retirement planning
Review retirement accounts to act on required minimum distributions, Roth conversions, and savings strategies before the end of the year.
Year-end strategies to mitigate taxes
Determining your tax bracket is the first step in exploring tax-smart strategies.
Estate and gift planning strategies for year-end
Update gift and estate plans before year-end to ensure tax advantages are not lost.
Advisors prepare for new fiduciary rule
There are many ways advisors can prepare today for the implementation of the DOL’s fiduciary rule in 2017.
Where could the election drive taxes?
How do the presidential candidates differ on tax proposals, and what are the prospects for tax reform after the election?
New IRS proposal could impact family-owned businesses
IRS proposal could mean higher taxes when families transfer business ownership.
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.