Wealth Management Center

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


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A financial plan can help LGBTQIA+ investors overcome challenges

June 14, 2021  |  Estate and Wealth Transfer

Despite progress on marriage equality and workplace protections, some in the LGBTQIA+ community face challenges around finances and other legal issues.

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A financial plan can help LGBTQIA+ investors overcome challenges
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A financial plan can help LGBTQIA+ investors overcome challenges

A financial plan can help LGBTQIA+ investors overcome challenges

Despite progress on marriage equality and workplace protections, some in the LGBTQIA+ community face challenges around finances and other legal issues.

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Treasury offers more details on tax proposals

Treasury offers more details on tax proposals

Taxpayers receive more clarity on recent tax proposals from the Treasury.

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Tax-planning ideas and opportunities in the muni market

Tax-planning ideas and opportunities in the muni market

Given the possibility of higher taxes in the future, investors may consider reviewing tax planning ideas and consider opportunities in the muni market.

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Identify year-round tax ideas from a 1040 form

Identify year-round tax ideas from a 1040 form

For many, the 2020 tax filing deadline is over, and it may be time to look at the year ahead and identify year-round tax ideas from a 1040 form.

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More clarity on Secure 2.0 retirement bill

More clarity on Secure 2.0 retirement bill

A new retirement bill, known as Secure 2.0, recently passed a key House committee and will be considered by the full House at some point.

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Ways to drive a 529 plan to its full potential

Ways to drive a 529 plan to its full potential

There are many ways that families saving for college can use a 529 plan to its full potential.

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When to choose a non-hardship 401(k) withdrawal

When to choose a non-hardship 401(k) withdrawal

Some 401(k) plans allow investors age 59½ to take a non-hardship 401(k) withdrawal, providing the option to transfer savings to an IRA without penalty.

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White House proposes tax hikes for high earners

White House proposes tax hikes for high earners

The administration released a new proposal including spending for education, childcare, healthcare, nutrition, and other family support as well as tax hikes for high earners.

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Proposed tax hike may drive shift in business structure

Proposed tax hike may drive shift in business structure

A Biden administration proposal calls for a tax hike for corporations. If approved, it may impact how certain business owners structure their business.

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The tax bite on retirement income may surprise retirees

The tax bite on retirement income may surprise retirees

Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.

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Tax season is a good reminder of 529 plan tax benefits

Tax season is a good reminder of 529 plan tax benefits

Tax season can provide a good reminder that 529 plans offer significant tax benefits for families looking for fund college education.

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10 ideas to use a Roth IRA to mitigate higher taxes

10 ideas to use a Roth IRA to mitigate higher taxes

Investors may want to consider certain strategies to hedge against the risk of higher taxes, including using a Roth IRA conversion.

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Three options to change stepped-up cost basis rules

Three options to change stepped-up cost basis rules

Potential changes to stepped-up cost basis rules may emerge as lawmakers consider federal revenue needs.

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Direction of estate taxes among top advisor concerns

Direction of estate taxes among top advisor concerns

Most advisors are closely monitoring tax policy as it is not yet clear what proposals around estate taxes will be introduced on Congress’s agenda this year.

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Four key tax changes in the new pandemic relief bill

Four key tax changes in the new pandemic relief bill

In addition to broad relief measures, the latest pandemic relief bill includes several tax changes that could impact planning.

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Top questions from advisors about taxes

Top questions from advisors about taxes

Advisors are fielding many questions about taxes and the outlook for tax increases under the new administration.

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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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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.