Wealth Management Center

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


Massive COVID-19 spending bill to help individuals, businesses

Massive COVID-19 spending bill to help individuals, businesses

March 26, 2020

The Senate passed the CARES Act which provides emergency assistance for individuals, families, and businesses affected by the COVID-19 pandemic.

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March 19, 2020

Planning opportunities for challenging markets

Bill Cass, CFP®, CPWA®, Director Wealth Management Programs at Putnam
Chris Hennessey, Lawyer and CPA, Putnam Business Advisory Group

Five planning strategies for volatile markets

Five planning strategies for volatile markets

Volatile markets can present certain financial planning opportunities.

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Video: Planning strategies for designating heirs under new 10-year rule

Video: Planning strategies for designating heirs under new 10-year rule

The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.

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Video: Consider hedging against future higher tax rates with a Roth

Video: Consider hedging against future higher tax rates with a Roth

Consider Roth IRAs and other tax efficient strategies when planning ahead for potential future higher taxes.

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Video: Where are tax rates headed?

Video: Where are tax rates headed?

The need for additional government revenue will pressure lawmakers to raise tax rates in the future.

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New rule under SECURE Act blocks tax abuses using QCDs

New rule under SECURE Act blocks tax abuses using QCDs

The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.

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Tax planning is a topic for all seasons

Tax planning is a topic for all seasons

There may be more opportunities to use tax-efficient strategies if investors focus on tax planning throughout the year.

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Trust strategies rattled by SECURE Act

Trust strategies rattled by SECURE Act

The SECURE Act recast the rules for leaving retirement assets to heirs, creating challenges for beneficiaries and conflicts with certain trust strategies.

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Planning strategies for the SECURE Act 10-year rule

Planning strategies for the SECURE Act 10-year rule

The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.

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The dawn of a new 10-year rule for IRAs

The dawn of a new 10-year rule for IRAs

The SECURE Act became law in December and introduced many changes to retirement accounts, including a new 10-year rule for IRAs signaling the repeal of the stretch IRA strategy.

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Key figures that taxpayers need to know for 2020

Key figures that taxpayers need to know for 2020

The Internal Revenue Service recently announced the tax rates and contribution limits for 2020, including key figures that investors will want to consider.

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The kiddie tax changes, again

The kiddie tax changes, again

The recently-passed SECURE Act provides for many changes to retirement accounts as well as changes to some tax-related items such as the kiddie tax.

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SECURE Act: Congress passes landmark retirement legislation

SECURE Act: Congress passes landmark retirement legislation

The passage of this landmark legislation represents the most significant changes to the retirement industry since the Pension Protection Act (PPA) of 2006.

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Keep your estate plan on track with a beneficiary review

Keep your estate plan on track with a beneficiary review

Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.

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Families can super-size college savings with a year-end gift

Families can super-size college savings with a year-end gift

Consider giving the gift of education this year with several strategies, including a super-size contribution, to a 529 college savings plan.

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Medicare participants may need to bear more costs in 2020

Medicare participants may need to bear more costs in 2020

The Centers for Medicare and Medicaid Services (CMS) has published changes to 2020 premiums and deductibles.

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When donating to charity, investors may want to explore this IRA strategy

When donating to charity, investors may want to explore this IRA strategy

Investors may want to consider using an IRA strategy to direct donations to charity and receive a tax advantage.

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Proposed RMD changes could help retirees keep more of their savings

Proposed RMD changes could help retirees keep more of their savings

The federal government wants to update the life expectancy projections that investors use to calculate an RMD from retirement accounts.

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Three key changes for Social Security in 2020

Three key changes for Social Security in 2020

Some key changes for Social Security are planned for 2020 and will impact millions of retirees as well as current workers paying into the system.

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Gauge your tax bracket to drive tax planning at year-end

Gauge your tax bracket to drive tax planning at year-end

There is one important number for investors to know that can drive tax planning strategies at year-end: their marginal tax bracket.

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At year-end, consider lumping charitable gifts

At year-end, consider lumping charitable gifts

With new limits to tax deductions under tax reform, investors may consider lumping charitable gifts into one year to achieve a tax deduction.

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Year-end deadline approaches for opportunity zone tax break

Year-end deadline approaches for opportunity zone tax break

Under a program created by the Tax Cuts and Jobs Act, investors can receive a tax break on capital gains if they invest those gains in an opportunity zone.

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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.