Wealth Management Center

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


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Fall open enrollment offers opportunity to change Medicare plans

September 28, 2022  |  Insurance/Risk Management

Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.

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Fall open enrollment offers opportunity to change Medicare plans
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Post-election impact on year-end planning

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

Fall open enrollment offers opportunity to change Medicare plans

Fall open enrollment offers opportunity to change Medicare plans

Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.

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Distribution planning under the SECURE Act

Distribution planning under the SECURE Act

For some with inherited retirement accounts, next steps for distribution planning may be unclear under the SECURE Act rules.

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Three ways the Inflation Reduction Act may impact health care

Three ways the Inflation Reduction Act may impact health care

The Inflation Reduction Act may impact health care costs for Medicare recipients including price reductions on certain medications.

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Preparing for the final lap before college

Preparing for the final lap before college

As students take the final lap before college the last two years of high school are critical to strengthen their applications and make the college decision.

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Millions of borrowers may benefit from student loan forgiveness

Millions of borrowers may benefit from student loan forgiveness

The administration announced a program for student loan forgiveness for debtors who meet certain income requirements.

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How high school freshmen can start mapping their path to college

How high school freshmen can start mapping their path to college

As students transition to high school, there are many action items for parents and students to consider as they map their path to college.

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Early college planning for a growing family

Early college planning for a growing family

Early college planning can help families meet savings goals and mitigate the debt burden in the future.

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Packing for college should include legal documents

Packing for college should include legal documents

Families of college-bound students may want to prepare certain legal documents before their children go away to school.

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Tax and spending bill scaled down to pass Senate

Tax and spending bill scaled down to pass Senate

Following months of negotiations, Democratic leadership in the Senate announced last week they reached a deal on a tax and spending bill.

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Choosing a college loan requires careful attention

Choosing a college loan requires careful attention

As many families borrow funds to pay for college it is important for them to understand the landscape for taking out a college loan.

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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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Tax season planning under the TCJA

A new perspective on tax deductions

Optimize the small-business tax deduction

Estate planning considerations before the law sunsets

New strategies emerge for Roth conversions

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.

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.