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.

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Five year-end planning ideas for retirement savings
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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

Five year-end planning ideas for retirement savings

Here are some year-end planning considerations when reviewing your retirement savings plan.

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Top tax questions from advisors as policy debate continues

Top tax questions from advisors as policy debate continues

Here are the top tax questions from advisors attending our recent webcast.

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Finding the right option for charitable giving

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.

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Deadline nears for capital gains tax break

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.

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Tax policy discussions take a turn on Capitol Hill

Tax policy discussions take a turn on Capitol Hill

Tax policy discussions continue in Washington and here is what is in the latest bill.

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Plan now as Congress considers SALT changes

Plan now as Congress considers SALT changes

Although not included in the initial proposal, Congress is considering making changes to the SALT deduction.

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Key changes for Social Security in 2022

Key changes for Social Security in 2022

The COLA adjustment is one of several key changes for Social Security for 2022.

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Wealth management in the context of a fluid situation in Washington

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.

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House tax proposal would upend grantor trusts

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

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Will these three tax ideas creep back into legislative debate?

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.

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How tax changes may impact small businesses

How tax changes may impact small businesses

There are several ways that small businesses may be impacted by the recent House proposed tax changes.

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A glance at the House tax proposals

A glance at the House tax proposals

House Ways and Means Committee released its tax proposals totaling about $2 trillion in tax increases.

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Top tax questions on the minds of financial professionals

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.

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College-bound high schoolers focus on a strong finish

College-bound high schoolers focus on a strong finish

The last two years of high school are important for college-bound students to prepare.

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What high school freshmen need to know to stay on track for college

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.

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Is college sticker shock impacting your plans?

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.

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Changes on the horizon for FAFSA

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.

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Going away to college? Consider a healthcare proxy

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.

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Lawmakers eye paths to enhance SALT deduction

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.

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Create a checklist to stay ahead of emergencies

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.

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Retiring abroad? Five things to consider

Retiring abroad? Five things to consider

An increasing number of Americans are looking to find better scenery and quality of life by retiring abroad.

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Consider a Roth IRA for summer employment earnings

Consider a Roth IRA for summer employment earnings

Students may want to consider using a Roth IRA to save some of their summer earnings.

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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.