Wealth Management Center

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


Tax reform limits scope of estate tax

Tax reform limits scope of estate tax

February 20, 2018

Fewer estates will be subject to the federal estate tax under the new tax law, but estate planning is still important for investors.

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February 7, 2018

Tax reform and strategies for 2018

William D. Cass, CFP®, Director Wealth Management Programs at Putnam
Christopher P. Hennessey, Lawyer, CPA, Member, Putnam Business Advisory Group
Paul M. Drury, CFA, Portfolio Manager

Deductions shift significantly with tax reform

Deductions shift significantly with tax reform

Taxpayers may find some provisions of tax reform more complex as deductions shift significantly under the new law.

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Understanding the new small business tax deduction

Understanding the new small business tax deduction

Tax reform legislation introduced a new tax deduction for small businesses that are structured as pass-through entities.

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Charitable giving strategies for the new tax landscape

Charitable giving strategies for the new tax landscape

Investors are considering which charitable giving strategy to use if they are not itemizing deductions under the new tax law.

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Key tax figures for 2018

Key tax figures for 2018

The tax rate schedule, recently released by the Internal Revenue Service, includes key tax figures investors will need for financial planning.

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Understanding tax reform is critical for financial planning

Understanding tax reform is critical for financial planning

The potential for tax cuts to expire creates a challenge for financial planning and it is critical for investors to understand the new tax reform law.

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What is changing in Social Security in 2018?

What is changing in Social Security in 2018?

An increase in inflation is resulting in a cost-of-living increase in Social Security benefits in 2018, as well as adjustments to tax-exempt earning levels.

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Saving for a rainy day is a priority for many in 2018

Saving for a rainy day is a priority for many in 2018

Some investors start the new year with resolutions to improve their financial situation, and many include an emergency — or rainy day – fund for unexpected expenses.

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Senate and House agree on final tax bill

Senate and House agree on final tax bill

A House and Senate conference committee agreed on a final tax bill that is expected to pass this week.

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Three year-end planning reminders for investors

Three year-end planning reminders for investors

Despite the ongoing tax reform debate and potential for change, there are some key year-end planning considerations and deadlines that remain for 2017.

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Tax reform clears another hurdle

Tax reform clears another hurdle

A House-Senate conference committee will need to iron out the differences following Senate passage of a tax reform bill that differs from the House version.

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Potential changes to deductions make tax planning critical

Potential changes to deductions make tax planning critical

The current tax reform debate in Washington makes tax planning critical as year end approaches.

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Senate tax plan reveals big differences from House proposal

Senate tax plan reveals big differences from House proposal

The Senate revealed its tax plan last week, which differs significantly from the House version.

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Gifting strategy may provide tax advantage for some seniors

Gifting strategy may provide tax advantage for some seniors

Seniors age 70½ and older may benefit from a unique provision of individual retirement accounts (IRAs) when considering gifting strategies.

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House Republicans unveil tax reform plan

House Republicans unveil tax reform plan

House Republicans introduced a tax reform bill that would reduce tax rates, eliminate some taxes, and make changes to certain deductions.

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Managing risks in retirement? Consider a three-bucket strategy

Managing risks in retirement? Consider a three-bucket strategy

Investors may want to consider a three-bucket strategy to manage risks in retirement such as longevity and liquidity risk.

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Heirs of large estates may miss a valuable tax deduction

Heirs of large estates may miss a valuable tax deduction

Some large estates will owe estate taxes this year and there is a valuable tax deduction that is often overlooked.

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Understanding longevity is critical to retirement planning

Understanding longevity is critical to retirement planning

With longevity increasing, investors need to make sure their savings last as long as they do.

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Life events can be an opportune time to connect with the next generation

Life events can be an opportune time to connect with the next generation

When children inherit wealth from their parents, they may seek guidance elsewhere if they do not have a relationship with their parents' advisor.

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Administration unveils plan to cut taxes and simplify tax code

Administration unveils plan to cut taxes and simplify tax code

The Administration's tax reform plan proposes to cut taxes for individuals and corporations, raise standard deductions, and eliminate certain taxes.

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There’s still time to reverse course on a Roth IRA conversion

There’s still time to reverse course on a Roth IRA conversion

As the deadline approaches, there is still time for investors to reverse or recharacterize, a Roth IRA conversion.

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Planning for college: High school seniors close in on the finish line

Planning for college: High school seniors close in on the finish line

For families planning for college, the senior year of high school has many deadlines and preparations for parents and students.

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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.