Wealth Management Center

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


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Looking beyond the basics of HSAs

February 26, 2024  |  Insurance/Risk Management

In order to take advantage of the tax benefits, it is important to take a deeper look at HSAs and understand how they work.

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Looking beyond the basics of HSAs
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November 9, 2023

Top year-end planning considerations

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

Looking beyond the basics of HSAs

Looking beyond the basics of HSAs

In order to take advantage of the tax benefits, it is important to take a deeper look at HSAs and understand how they work.

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Ten income and estate tax planning ideas for 2024

Ten income and estate tax planning ideas for 2024

Taxpayers may want to consider these income and estate tax planning strategies to save more and try to reduce taxes.

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Rising debt may drive future higher taxes

Rising debt may drive future higher taxes

At some point, the debt trajectory will drive discussions on Capitol Hill to increase revenue, which could result in higher taxes.

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How to avoid a misstep with a backdoor Roth contribution

How to avoid a misstep with a backdoor Roth contribution

It is important to note there are some potential mistakes to be avoided when executing a backdoor Roth strategy.

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Early preparation may help taxpayers glide through tax season

Early preparation may help taxpayers glide through tax season

Looking back may be the first step in moving forward on filing taxes for 2023. Some key tax documents have already ...

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There is still time for sole proprietors to fund a retirement plan for 2023

There is still time for sole proprietors to fund a retirement plan for 2023

There is still time for sole proprietors to establish a retirement plan for 2023. And this year, some individuals may ...

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What's in store for SECURE 2.0 this year

What's in store for SECURE 2.0 this year

The SECURE 2.0 Act, signed into law in late 2022, was a follow-up to the original SECURE Act passed in ...

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Key tax figures for 2024

Key tax figures for 2024

In reviewing tax and financial plans, taxpayers will want to consider key tax figures that are changing in 2024.

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There is still time to make the most of charitable giving

There is still time to make the most of charitable giving

It is important to review charitable giving plans before year in order to meet deadlines for certain strategies.

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Consider the ripple effects of a Roth conversion

Consider the ripple effects of a Roth conversion

Here are several considerations including possible impacts on future taxes for individuals considering a Roth conversion.

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Estate planning actions to consider before year-end

Estate planning actions to consider before year-end

As year-end approaches, there are several strategies for investors to consider as they review their tax and estate planning.

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Seven year-end planning ideas for retirement savings

Seven year-end planning ideas for retirement savings

There are several planning ideas for retirement savings at year end that may help taxpayers avoid costly mistakes and improve tax efficiency.

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Year-end planning ideas for 2023 to lighten the tax burden

Year-end planning ideas for 2023 to lighten the tax burden

As year-end approaches, there may be steps taxpayers can take to better manage their current tax bill or to hedge ...

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Year-end planning review checklist

Year-end planning review checklist

This checklist for year-end planning may help advisors identify ways to minimize taxes and other potential benefits.

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Changes to key figures for Social Security, Medicare in 2024

Changes to key figures for Social Security, Medicare in 2024

Recently announced key figures for Social Security and Medicare for 2024 include changes to benefit amounts and premium costs.

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Open enrollment presents opportunity to change Medicare plans

Open enrollment presents opportunity to change Medicare plans

Medicare holds an open enrollment period that allows participants to sign up or make changes to existing plans, which could result in cost savings.

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Unraveling the 10-year rule

Unraveling the 10-year rule

The SECURE Act 10-year rule set new guidelines for distributing inherited retirement accounts and has impacted retirement planning.

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Consider looking close to home when seeking a loan

Consider looking close to home when seeking a loan

An interfamily loan may be a viable alternative to a current mortgage for family members looking to buy a home.

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Consider these ways to shield assets from litigation

Consider these ways to shield assets from litigation

An asset protection strategy should be part of any financial plan to protect assets from creditors and litigation.

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Key FAFSA changes will impact student aid

Key FAFSA changes will impact student aid

Important changes to the FAFSA filing will take effect this year and impact student aid levels for some families.

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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.