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.

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Required distributions on inherited retirement accounts reduced in 2022
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ADVISOR-ONLY WEBCAST SERIES

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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

Required distributions on inherited retirement accounts reduced in 2022

Required distributions on inherited retirement accounts reduced in 2022

New life expectancy table mean RMDs on inherited accounts will be reduced this year.

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Key tax figures for 2022

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.

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Reach out to families as they prepare for holiday gatherings

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.

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Year-end planning review checklist

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.

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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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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.