Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
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Required distributions on inherited retirement accounts reduced in 2022
January 19, 2022 | Retirement/Income
New life expectancy table mean RMDs on inherited accounts will be reduced this year.
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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More resources to address all aspects of financial planning
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, 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
Required distributions on inherited retirement accounts reduced in 2022
New life expectancy table mean RMDs on inherited accounts will be reduced this year.
Key tax figures for 2022
While most key tax figures for 2022 had only slight changes, there are areas where individuals may want to consider revisions to their tax strategy.
Reach out to families as they prepare for holiday gatherings
Consider reminding parents that having everyone together at holiday gatherings can be a good time to address some key planning topics.
Year-end planning review checklist
A checklist can help investors assess personal finances for a year-end planning review to determine if action is needed.
Five year-end planning ideas for retirement savings
Here are some year-end planning considerations when reviewing your retirement savings plan.
Top tax questions from advisors as policy debate continues
Here are the top tax questions from advisors attending our recent webcast.
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.
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.
Tax policy discussions take a turn on Capitol Hill
Tax policy discussions continue in Washington and here is what is in the latest bill.
Plan now as Congress considers SALT changes
Although not included in the initial proposal, Congress is considering making changes to the SALT deduction.
Key changes for Social Security in 2022
The COLA adjustment is one of several key changes for Social Security for 2022.
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.
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
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.
How tax changes may impact small businesses
There are several ways that small businesses may be impacted by the recent House proposed tax changes.
A glance at the House tax proposals
House Ways and Means Committee released its tax proposals totaling about $2 trillion in tax increases.
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.
College-bound high schoolers focus on a strong finish
The last two years of high school are important for college-bound students to prepare.
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.
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.
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.
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.
Retirement planning for the end of the year
The fourth quarter is an opportune time to take inventory of retirement accounts and review actions such as required minimum distributions and planning strategies before year-end.
Prepare clients for year-end planning
Gifting, required retirement distributions, and charitable donations are among many planning actions that need attention by the end of the year.
There's still time to implement tax-smart strategies
Determining an individual's tax bracket will drive which tax-smart strategies to implement, including managing income, capital gains and losses.
Some estate-planning benefits may be lost if not used
Investors may want to explore gifting and other estate-planning strategies to take advantage of tax benefits that may be limited.
Debt ceiling debate and federal budget on Capitol Hill agenda
As Congress faces a December deadline for the federal budget, the debt ceiling debate was moved up sooner than expected.
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.