Wealth Management Center

Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey


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Pandemic underscores need for college checklist

July 29, 2020  |  College Savings

This fall, preparing a college checklist may be more important than ever as the ongoing pandemic is affecting how colleges re-open.

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Pandemic underscores need for college checklist
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Pandemic underscores need for college checklist

Pandemic underscores need for college checklist

This fall, preparing a college checklist may be more important than ever as the ongoing pandemic is affecting how colleges re-open.

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Planning as the pandemic response evolves

Planning as the pandemic response evolves

The federal response to the pandemic continues to evolve, creating considerations for financial planning.

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RMD waiver expanded for all investors in 2020

RMD waiver expanded for all investors in 2020

The IRS released new guidance that expanded the RMD waiver for use by all investors in 2020.

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Small-business owners need to act soon on loan program

Small-business owners need to act soon on loan program

There is still funding available loans under the Paycheck Protection Program (PPP), but small-business owners need to apply before June 30, 2020.

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As the pandemic weighs on the economy, make sure assets are protected

As the pandemic weighs on the economy, make sure assets are protected

Given the economic downtown , it’s even more important for investors consider a plan to make sure assets are protected.

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Congress extends loan forgiveness for small business PPP

Congress extends loan forgiveness for small business PPP

Congress last week passed legislation to extend the timeline and requirements for loan forgiveness under the PPP program.

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Historically low rates, market conditions open door for GRATs

Historically low rates, market conditions open door for GRATs

Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.

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Value of higher education continues to increase

Value of higher education continues to increase

Much is shifting in the education landscape, but some things continue to improve, including the value of higher education.

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Guidelines offer clarity on PPP loan forgiveness for small businesses

Guidelines offer clarity on PPP loan forgiveness for small businesses

The Small Business Association announced guidelines for loan forgiveness for the PPP program for small businesses.

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Moving forward when RMDs are suspended

Moving forward when RMDs are suspended

The CARES Act provisions suspended RMDs for this year and may impact investors' financial plans.

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Planning for college in challenging times

Planning for college in challenging times

Planning for college can be challenging in the near term but families and students can still make progress toward their goals.

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States, businesses hope for more economic aid in next pandemic relief bill

States, businesses hope for more economic aid in next pandemic relief bill

Many lawmakers are planning for a fourth phase of pandemic relief funding, which could include aid for states and individuals.

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Five planning ideas to consider under the CARES Act

Five planning ideas to consider under the CARES Act

The CARES Act provides emergency assistance to those affected by the pandemic with a range of programs from expanded unemployment benefits to loans.

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Pandemic highlights need for legal documents

Pandemic highlights need for legal documents

The pandemic highlights the importance of family communications and having legal documents in place.

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CARES Act loosens rules for retirement accounts

CARES Act loosens rules for retirement accounts

Among the many provisions of the CARES Act are modifications of the rules involving retirement accounts to help both retirement savers and retirees.

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Three things business owners need to know about the CARES Act

Three things business owners need to know about the CARES Act

The CARES Act has multiple provisions to help small businesses and employees weather the economic downturn.

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Massive COVID-19 spending bill to help individuals, businesses

Massive COVID-19 spending bill to help individuals, businesses

The Senate passed the CARES Act which provides emergency assistance for individuals, families, and businesses affected by the COVID-19 pandemic.

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Five planning strategies for volatile markets

Five planning strategies for volatile markets

Volatile markets can present certain financial planning opportunities.

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Video: Planning strategies for designating heirs under new 10-year rule

Video: Planning strategies for designating heirs under new 10-year rule

The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.

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Video: Consider hedging against future higher tax rates with a Roth

Video: Consider hedging against future higher tax rates with a Roth

Consider Roth IRAs and other tax efficient strategies when planning ahead for potential future higher taxes.

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Video: Where are tax rates headed?

Video: Where are tax rates headed?

The need for additional government revenue will pressure lawmakers to raise tax rates in the future.

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New rule under SECURE Act blocks tax abuses using QCDs

New rule under SECURE Act blocks tax abuses using QCDs

The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.

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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.