Wealth Management Center

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


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Senate vote moves retirement reform one step closer to the finish line

July 6, 2022  |  Retirement/Income

Senate passage of the EARN Act moves retirement reform legislation closer to a vote before both chambers of Congress.

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Senate vote moves retirement reform one step closer to the finish line
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March 8, 2022

Ideas to engage clients during tax season

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

Senate vote moves retirement reform one step closer to the finish line

Senate vote moves retirement reform one step closer to the finish line

Senate passage of the EARN Act moves retirement reform legislation closer to a vote before both chambers of Congress.

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Understanding gifting rules before the sunset

Understanding gifting rules before the sunset

When the TCJA expires in 2025, the lifetime exclusion amount for gifting will be reduced, impacting gifting rules and decisions being made today.

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Deficit projections could signal higher taxes

Deficit projections could signal higher taxes

The federal government recently released a report on the nation’s finances, including longer-term projections for a rising deficit, which could ...

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Six planning strategies for a down market

Six planning strategies for a down market

It can be difficult to navigate a down market, investors may be able to take advantage of tactical planning opportunities.

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Regulators implement new rollover rules

Regulators implement new rollover rules

Beginning in July, advisors and firms must follow new rollover rules issued by the Department of Labor.

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Evaluating choices for funding college

Evaluating choices for funding college

Parents looking at future college expenses are assessing choices for funding college to reduce the debt burden for their children and themselves.

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Facing rising costs, college students seek varied pathways to meet goals

Facing rising costs, college students seek varied pathways to meet goals

A number of trends are emerging as college students seek a variety of ways to earn their degrees amid rising costs.

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For retirement reform, the next stop is the Senate

For retirement reform, the next stop is the Senate

Following House passage of the retirement reform bill known as SECURE 2.0, the next stop to advance this comprehensive bill will be in the Senate.

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Saving still a priority as student loan forgiveness is debated

Saving still a priority as student loan forgiveness is debated

The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.

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Looking beyond the basics of RMDs

Looking beyond the basics of RMDs

While many retirees know the basics of RMDs there are many aspects of the process that may not be fully understood.

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How to be smart about taxes in the year ahead

How to be smart about taxes in the year ahead

With the 2021 tax filing deadline over, it may be time to think about planning strategies for taxes for the rest of the year.

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Potential new taxes could drive businesses to change structure

Potential new taxes could drive businesses to change structure

Lawmakers are considering potential new taxes that could lead businesses to consider changing their structure from an S-Corp to a C-Corp.

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SECURE 2.0 clears a key hurdle

SECURE 2.0 clears a key hurdle

The House passed SECURE 2.0 that expands on landmark retirement legislation enacted in 2019.

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How business owners may maximize a valuable tax benefit

How business owners may maximize a valuable tax benefit

For some businesses, one of the most valuable tax benefits available is the deduction for qualified business income.

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Leading tax topics on the minds of financial advisors

Leading tax topics on the minds of financial advisors

SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.

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Four estate planning ideas for 2022

Four estate planning ideas for 2022

Consider these estate planning ideas this year that may help lessen the tax burden in the future.

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Changes to the 10-year rule could surprise retirement account heirs

Changes to the 10-year rule could surprise retirement account heirs

The IRS is proposing new rules for retirement account distributions including changes to the requirements of the 10-year rule for heirs.

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Some business owners may bypass the SALT deduction cap

Some business owners may bypass the SALT deduction cap

Many states are passing laws that allow certain business owners to bypass the SALT cap when filing their federal income tax return.

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New child tax credit form coming for the 2021 filing

New child tax credit form coming for the 2021 filing

Many taxpayers are receiving a new child tax credit form from the IRS to complete for their 2021 filing.

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Don't leave digital assets behind in the cloud

Don't leave digital assets behind in the cloud

When estate planning, people often focus on tangible possessions and may leave valuable digital assets behind.

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Planning ideas with potential higher rates on the horizon

Planning ideas with potential higher rates on the horizon

With the prospect of higher rates on the horizon here are some strategies for investors to consider now.

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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.