Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
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Packing for college should include legal documents
August 10, 2022 | College Savings
Families of college-bound students may want to prepare certain legal documents before their children go away to school.
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
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
Packing for college should include legal documents
Families of college-bound students may want to prepare certain legal documents before their children go away to school.
Tax and spending bill scaled down to pass Senate
Following months of negotiations, Democratic leadership in the Senate announced last week they reached a deal on a tax and spending bill.
Choosing a college loan requires careful attention
As many families borrow funds to pay for college it is important for them to understand the landscape for taking out a college loan.
Senate vote moves retirement reform one step closer to the finish line
Senate passage of the EARN Act moves retirement reform legislation closer to a vote before both chambers of Congress.
Understanding gifting rules before the sunset
When the TCJA expires in 2025, the lifetime exclusion amount for gifting will be reduced, impacting gifting rules and decisions being made today.
Deficit projections could signal higher taxes
The federal government recently released a report on the nation’s finances, including longer-term projections for a rising deficit, which could ...
Six planning strategies for a down market
It can be difficult to navigate a down market, investors may be able to take advantage of tactical planning opportunities.
Regulators implement new rollover rules
Beginning in July, advisors and firms must follow new rollover rules issued by the Department of Labor.
Evaluating choices for funding college
Parents looking at future college expenses are assessing choices for funding college to reduce the debt burden for their children and themselves.
Facing rising costs, college students seek varied pathways to meet goals
A number of trends are emerging as college students seek a variety of ways to earn their degrees amid rising costs.
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.
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.
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.
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.
Putting your tax refund to work
With an average tax refund of more than $3,000 many taxpayers are planning to save the funds this year and pay down debt or save for the future.
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.
SECURE 2.0 clears a key hurdle
The House passed SECURE 2.0 that expands on landmark retirement legislation enacted in 2019.
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.
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.
Four estate planning ideas for 2022
Consider these estate planning ideas this year that may help lessen the tax burden in the future.
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.
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.
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.