Wealth Management Center

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


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Top questions from advisors about taxes

March 3, 2021  |  Taxes

Advisors are fielding many questions about taxes and the outlook for tax increases under the new administration.

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Top questions from advisors about taxes
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Top questions from advisors about taxes

Top questions from advisors about taxes

Advisors are fielding many questions about taxes and the outlook for tax increases under the new administration.

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Webcast: Tax outlook and strategies in the Biden era

Webcast: Tax outlook and strategies in the Biden era

Wealth management professionals offer a tax outlook and discuss tax smart strategies under the Biden era.

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Next steps for investors who withdrew funds under the CARES Act

Next steps for investors who withdrew funds under the CARES Act

Individuals who withdrew retirement funds under the CARES Act have options for filing and paying taxes.

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Webcast: Learn about tax planning in the Biden era

Webcast: Learn about tax planning in the Biden era

In 2021, investors continue to face change, with the impact of the first 100 days of the Biden administration and the potential for a shifting tax landscape.

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Lawmakers call for SALT revival

Lawmakers call for SALT revival

Several lawmakers on Capitol Hill have introduced legislation calling for a revival of the SALT deduction.

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Three estate planning strategies for 2021

Three estate planning strategies for 2021

Investors may want to consider estate planning strategies as tax provisions impacting federal gift and estate taxes will sunset after 2025.

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Top tax-planning ideas for 2021

Top tax-planning ideas for 2021

The current tax environment and potential for higher tax rates in the future create an opportunity for tax planning strategies to hedge future higher taxes.

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Tracking CARES Act tax changes

Tracking CARES Act tax changes

With a range of temporary tax code changes instituted by the CARES Act in 2020, tracking tax changes that are extended into 2021 can be a challenge.

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Figures that taxpayers need to know in 2021

Figures that taxpayers need to know in 2021

Taxpayers need to know some key figures as they review current tax plans and consider 2021 planning.

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Congress seals deal for more pandemic relief

Congress seals deal for more pandemic relief

Congress voted today to approve a $900 billion pandemic relief package offering economic aid to individuals and businesses.

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529 plan checklist for 2020 year-end

529 plan checklist for 2020 year-end

Whether saving for college or making withdrawals, there are many 529 plan considerations that may need attention at year-end.

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More tax options for business losses in 2020

More tax options for business losses in 2020

The CARES Act provides more ways for business owners to offset losses in tax filings in 2020.

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Year-end ideas for gifting and estate plans

Year-end ideas for gifting and estate plans

For financial planning, year end can be an opportune time to review strategies for gifting and estate plans.

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Four tax planning considerations for year-end

Four tax planning considerations for year-end

While tax rates are historically low, investors may want to review several tax planning considerations before year end.

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Year-end planning ideas under the CARES Act

Year-end planning ideas under the CARES Act

As investors prepare for year-end planning, they may want to consider tax-smart strategies under the CARES Act.

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Five key changes proposed by Secure Act 2.0

Five key changes proposed by Secure Act 2.0

The House last week introduced a bipartisan bill, known as Secure Act 2.0, to expand retirement plan participation and savings.

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Retirement savings tax advantages may change under Democratic proposals

Retirement savings tax advantages may change under Democratic proposals

Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.

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Change in administration may mean tax changes

Change in administration may mean tax changes

With uncertainty around the upcoming elections, it is not clear what types of tax changes may be implemented under a new administration.

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Video: Consider a Roth to prepare for future taxes

Video: Consider a Roth to prepare for future taxes

With the possibility of future higher tax rates, investors may want to consider strategies that can be implemented now such as a Roth IRA conversion.

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Video: Tax rates may rise in the future

Video: Tax rates may rise in the future

With the current economic pressures, some investors may be focusing on the tax landscape and the possibility of higher tax rates

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Putnam pros discuss taxes in the run-up to the election

Putnam pros discuss taxes in the run-up to the election

Putnam's wealth management professionals share their views on taxes, the markets, fiscal policy, and the November election.

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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.