Wealth Management Center
Preserving and enhancing wealth for the future with financial-planning experts Bill Cass and Chris Hennessey
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.
ADVISOR-ONLY WEBCAST SERIES
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
Taxpayers may find some provisions of tax reform more complex as deductions shift significantly under the new law.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Potential changes to deductions make tax planning critical
The current tax reform debate in Washington makes tax planning critical as year end approaches.
Senate tax plan reveals big differences from House proposal
The Senate revealed its tax plan last week, which differs significantly from the House version.
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.
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.
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.
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.
Understanding longevity is critical to retirement planning
With longevity increasing, investors need to make sure their savings last as long as they do.
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.
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.
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.
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.
Tax rates lowered, deductions limited in tax law
The tax reform law lowers tax rates and imposes new limits on many deductions.
Many deductions changed in new tax law
The standard deduction doubles while some popular tax deductions are limited or eliminated by tax reform.
Estate planning remains vital
Despite higher exclusion levels for federal estate taxes, estate planning remains vital for taxpayers.
Corporate tax cuts slated for 2018
Corporations will have lower tax rates and new rules for expensing resulting from tax reform.
Tax reform creates new deduction for small businesses
Understanding the new 20% deduction for business income is key for small business owners.
New tax law influences individual planning
Individuals may consider various strategies for charitable giving and financial planning in the new tax environment.
$30T in wealth transfer creates opportunity
Advisors may consider expanding their value proposition and professional network to grow their business.
Top strategies for advisors when heirs inherit wealth
Learning about an investor's family can help advisors connect with the next generation.
Social strategies for meeting the next generation
Start with social media and expand to social events to reach out to the next generation of clients.
Use family meetings for more effective wealth transfer
Hosting a family meeting can help investors and their children focus on values, planning issues, and philanthropy.
College savings plans offer tax advantages
Explore tax-advantaged savings when planning for college.
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.