Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
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Fall open enrollment offers opportunity to change Medicare plans
September 28, 2022 | Insurance/Risk Management
Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.
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
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
March 8, 2022
Ideas to engage clients during tax season
Bill Cass, CFP®, CPWA®, Director Wealth Management Programs at Putnam
Chris Hennessey, Lawyer and CPA, Putnam Business Advisory Group
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.
Deficit projections could signal higher taxes
The federal government recently released a report on the nation’s finances, including longer-term projections for a rising deficit, which could ...
Six planning strategies for a down market
It can be difficult to navigate a down market, investors may be able to take advantage of tactical planning opportunities.
Regulators implement new rollover rules
Beginning in July, advisors and firms must follow new rollover rules issued by the Department of Labor.
Evaluating choices for funding college
Parents looking at future college expenses are assessing choices for funding college to reduce the debt burden for their children and themselves.
Facing rising costs, college students seek varied pathways to meet goals
A number of trends are emerging as college students seek a variety of ways to earn their degrees amid rising costs.
For retirement reform, the next stop is the Senate
Following House passage of the retirement reform bill known as SECURE 2.0, the next stop to advance this comprehensive bill will be in the Senate.
Saving still a priority as student loan forgiveness is debated
The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.
Looking beyond the basics of RMDs
While many retirees know the basics of RMDs there are many aspects of the process that may not be fully understood.
How to be smart about taxes in the year ahead
With the 2021 tax filing deadline over, it may be time to think about planning strategies for taxes for the rest of the year.
Putting your tax refund to work
With an average tax refund of more than $3,000 many taxpayers are planning to save the funds this year and pay down debt or save for the future.
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.