Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
Most recent post
Five year-end planning ideas for retirement savings
December 7, 2022 | Retirement/Income
Year-end is an opportune time to review retirement savings plans and determine if any adjustments are needed.
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)
Resources
More resources to address all aspects of financial planning
- College Savings
- Estate and Wealth Transfer
- Insurance/Risk Management
- Investments
- Retirement/Income
- Taxes
Latest content
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, 2022
Post-election impact on year-end planning
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
Year-end is an opportune time to review retirement savings plans and determine if any adjustments are needed.
Changes to key figures for Social Security, Medicare in 2023
As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.
Year-end planning review checklist
A year-end review provides an opportunity for taxpayers to see if action is needed on their portfolios and strategies.
Webinar: Tax outlook and year-end planning
As year-end approaches, Join Bill Cass and Chris Hennessey for a discussion of the impact of the elections, the outlook ...
Important estate planning moves before year-end
Estate planning is an important part of year-end planning as taxpayers seek to manage the distribution of assets as and meet any state tax requirements.
Year-end planning ideas to lighten the tax burden
As year-end approaches, taxpayers may consider strategies to try to hedge the risk of higher taxes and mitigate the tax burden.
Estimating your tax bracket can guide tax planning
Taxpayers may want to estimate income for this year to determine their marginal income tax bracket.
The impact of inflation on planning
In addition to the erosion of purchasing power, rising inflation can have a profound impact on financial planning.
Five things to know about Roth IRA distributions
There are several key points for savers to consider as the rules around taking Roth IRA distributions differ from other types of retirement accounts.
Age milestones can trigger financial planning
Reaching certain age milestones can be significant for many different reasons, including financial planning.
Fall open enrollment offers opportunity to change Medicare plans
Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.
Distribution planning under the SECURE Act
For some with inherited retirement accounts, next steps for distribution planning may be unclear under the SECURE Act rules.
Three ways the Inflation Reduction Act may impact health care
The Inflation Reduction Act may impact health care costs for Medicare recipients including price reductions on certain medications.
Preparing for the final lap before college
As students take the final lap before college the last two years of high school are critical to strengthen their applications and make the college decision.
Millions of borrowers may benefit from student loan forgiveness
The administration announced a program for student loan forgiveness for debtors who meet certain income requirements.
How high school freshmen can start mapping their path to college
As students transition to high school, there are many action items for parents and students to consider as they map their path to college.
Early college planning for a growing family
Early college planning can help families meet savings goals and mitigate the debt burden in the future.
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.
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.