Wealth Management Center

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


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Preparing heirs before a loved one passes

September 22, 2023  |  Estate and Wealth Transfer

Individuals may want to prepare heirs with a final planning guide before a loved one passes away.

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Preparing heirs before a loved one passes
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March 15, 2023

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

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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College-bound students stay on track with a dynamic plan

College-bound students stay on track with a dynamic plan

Families with college-bound students may want to consider a plan with a dual approach to help achieve college planning goals.

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Mapping out a plan for studying abroad

Mapping out a plan for studying abroad

As more students consider studying abroad it is important to understand program requirements and map out a plan.

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SCOTUS ruling on loan forgiveness underscores need to save

SCOTUS ruling on loan forgiveness underscores need to save

The need to save for college becomes more significant with less federal aid available and loan forgiveness proposal is struck down by SCOTUS.

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IRS allowing heirs to skip RMDs in 2023

IRS allowing heirs to skip RMDs in 2023

The IRS recently delivered more guidance for heirs on how to handle RMDs with inherited accounts.

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How interest rates can make or break a strategy

How interest rates can make or break a strategy

Many financial planning strategies are linked to IRS interest rates and moves in rates may impact the success of a planning strategy.

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Why unmarried couples need proactive financial planning

Why unmarried couples need proactive financial planning

The number of unmarried partner households is on the rise and these couple face some unique financial planning challenges.

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Tracking ways to avoid withdrawal penalties from retirement accounts

Tracking ways to avoid withdrawal penalties from retirement accounts

Sometimes savers find they need funds from their retirement account and it is important to understand the ways to avoid early withdrawal penalties.

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Often overlooked retirement plans for the self-employed

Often overlooked retirement plans for the self-employed

Roughly 25 million small businesses are self-employed individuals and many do not have retirement plans in place.

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Heirs still waiting for clarity on 10-year rule

Heirs still waiting for clarity on 10-year rule

Although the Treasury Department issued proposed regulations for the new 10-year rule in February 2022, heirs are still waiting for final clarification.

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College grads: Consider financial actions for your next steps

College grads: Consider financial actions for your next steps

Building a solid financial strategy may be the most important first step to help college grads achieve their dreams.

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Keys to saving taxes with a domicile change

Keys to saving taxes with a domicile change

Considerations when relocating and establishing a new domicile to try to save on taxes.

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Decision made: Why 529 plans are a popular choice for college

Decision made: Why 529 plans are a popular choice for college

A growing number of families are using 529 plans to save for college.

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Birthdays may signal time to take financial action

Birthdays may signal time to take financial action

In addition to birthdays and life changes, such as retirement, age milestones are meaningful for financial planning.

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As FAFSA rules change, more grandparents may save in 529 plans

As FAFSA rules change, more grandparents may save in 529 plans

More grandparents may consider funding a 529 plan for their grandchildren as financial aid rules change.

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Couples have unique option to plan for risk of future higher estate taxes

Couples have unique option to plan for risk of future higher estate taxes

The expiring tax law provides a planning dilemma and opportunity for high-net-worth households concerned about the future of federal estate taxes.

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Tax planning is a focus for all seasons

Tax planning is a focus for all seasons

Staying focused on tax planning can help individuals find ways to improve their tax situation throughout the year.

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Examining ways to fix Social Security

Examining ways to fix Social Security

The latest projections about Social Security indicate the trust fund will be able to pay timely benefits until 2034 when the fund will be depleted.

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There is still time to try to save on taxes before the filing deadline

There is still time to try to save on taxes before the filing deadline

With the April 18, 2023 tax-filing deadline approaching, it’s not too late to consider some strategies that could reduce taxable ...

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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.