Wealth Management Center

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


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Webcast: Tax outlook and strategies in the Biden era

February 23, 2021  |  Taxes

Wealth management professionals offer a tax outlook and discuss tax smart strategies under the Biden era.

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Webcast: Tax outlook and strategies in the Biden era
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Webcast: Tax outlook and strategies in the Biden era

Webcast: Tax outlook and strategies in the Biden era

Wealth management professionals offer a tax outlook and discuss tax smart strategies under the Biden era.

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Next steps for investors who withdrew funds under the CARES Act

Next steps for investors who withdrew funds under the CARES Act

Individuals who withdrew retirement funds under the CARES Act have options for filing and paying taxes.

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Webcast: Learn about tax planning in the Biden era

Webcast: Learn about tax planning in the Biden era

In 2021, investors continue to face change, with the impact of the first 100 days of the Biden administration and the potential for a shifting tax landscape.

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Lawmakers call for SALT revival

Lawmakers call for SALT revival

Several lawmakers on Capitol Hill have introduced legislation calling for a revival of the SALT deduction.

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Three estate planning strategies for 2021

Three estate planning strategies for 2021

Investors may want to consider estate planning strategies as tax provisions impacting federal gift and estate taxes will sunset after 2025.

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Top tax-planning ideas for 2021

Top tax-planning ideas for 2021

The current tax environment and potential for higher tax rates in the future create an opportunity for tax planning strategies to hedge future higher taxes.

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Five key changes proposed by Secure Act 2.0

Five key changes proposed by Secure Act 2.0

The House last week introduced a bipartisan bill, known as Secure Act 2.0, to expand retirement plan participation and savings.

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Retirement savings tax advantages may change under Democratic proposals

Retirement savings tax advantages may change under Democratic proposals

Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.

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Change in administration may mean tax changes

Change in administration may mean tax changes

With uncertainty around the upcoming elections, it is not clear what types of tax changes may be implemented under a new administration.

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Video: Consider a Roth to prepare for future taxes

Video: Consider a Roth to prepare for future taxes

With the possibility of future higher tax rates, investors may want to consider strategies that can be implemented now such as a Roth IRA conversion.

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Video: Tax rates may rise in the future

Video: Tax rates may rise in the future

With the current economic pressures, some investors may be focusing on the tax landscape and the possibility of higher tax rates

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Putnam pros discuss taxes in the run-up to the election

Putnam pros discuss taxes in the run-up to the election

Putnam's wealth management professionals share their views on taxes, the markets, fiscal policy, and the November election.

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Key changes for charitable giving in 2020

Key changes for charitable giving in 2020

In 2020, more taxpayers may be able to take tax deductions on their charitable giving as a result of provisions in the CARES Act.

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Pandemic could reduce Social Security benefits

Pandemic could reduce Social Security benefits

The pandemic is taking a broad economic toll causing many workers to earn less which could reduce Social Security benefits in the future.

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Using a 529 plan when college is remote

Using a 529 plan when college is remote

Families may consider using funds from a 529 plan to cover qualified expenses even if their child is studying remote this fall.

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Strategies during a college gap year

Strategies during a college gap year

While college students may decide to take a gap year, families can continue to plan for the completion of the college program.

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Back-to-school planning during the pandemic

Back-to-school planning during the pandemic

While navigating the changing back-to-school landscape , families can still focus on planning and saving for the future.

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Use high school years to implement a road map to college

Use high school years to implement a road map to college

Consider creating a plan to prepare for college during the high school years.

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Pandemic underscores need for college checklist

Pandemic underscores need for college checklist

This fall, preparing a college checklist may be more important than ever as the ongoing pandemic is affecting how colleges re-open.

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Planning as the pandemic response evolves

Planning as the pandemic response evolves

The federal response to the pandemic continues to evolve, creating considerations for financial planning.

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RMD waiver expanded for all investors in 2020

RMD waiver expanded for all investors in 2020

The IRS released new guidance that expanded the RMD waiver for use by all investors in 2020.

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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.