Wealth Management Center

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


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Planning considerations for a divorce

March 27, 2023  |  Taxes

Divorce can be overwhelming on an emotional level as well as when dealing with planning issues such as taxes, property division, and custodial arrangements.

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Planning considerations for a divorce
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ADVISOR-ONLY WEBCAST SERIES

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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

Planning considerations for a divorce

Planning considerations for a divorce

Divorce can be overwhelming on an emotional level as well as when dealing with planning issues such as taxes, property division, and custodial arrangements.

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Leading tax questions on the minds of advisors from our webinar

Leading tax questions on the minds of advisors from our webinar

Here are some of the top tax questions asked by advisors on our recent webinar.

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Soaring federal debt signals future tax increases

Soaring federal debt signals future tax increases

Given the current state of federal debt and solvency issues with entitlement programs, it is likely that revenue needs will lead to higher taxes.

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Tax credits open door to new retirement plans

Tax credits open door to new retirement plans

SECURE 2.0 provides tax credits for smaller businesses to establish workplace retirement plans.

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Three ways to offset income from a Roth conversion

Three ways to offset income from a Roth conversion

There may be planning opportunities to mitigate the taxes associated with a Roth conversion.

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Taxpayers face challenges as tax provisions sunset in 2025

Taxpayers face challenges as tax provisions sunset in 2025

Unless Congress acts, current tax rates and most tax provisions in the tax code will sunset in 2025.

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How the expiring TCJA may impact taxes in the future

How the expiring TCJA may impact taxes in the future

Most provisions of the TCJA will expire in 2025 but taxpayers still have time to plan ahead for potential higher taxes.

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Top advisor questions from our SECURE 2.0 webinar

Top advisor questions from our SECURE 2.0 webinar

Tax credits for start-up retirement plans, Roth strategies and easing rules around RMDs were among the top advisor questions about SECURE 2.0.

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Time to prepare for tax season

Time to prepare for tax season

Prepare in advance for tax season to make the most of your tax filing.

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Ten income and estate tax planning ideas for 2023

Ten income and estate tax planning ideas for 2023

Looking at the year ahead, individuals may want to explore opportunities to save more, reduce taxes, or revise their tax planning strategies.

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SECURE 2.0 creates new backdoor Roth opportunity

SECURE 2.0 creates new backdoor Roth opportunity

Beginning in 2024, the SECURE Act allows unused funds from a college savings plan to be transferred to a Roth IRA in a form of backdoor Roth strategy.

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SECURE 2.0 key provisions to impact planning

SECURE 2.0 key provisions to impact planning

The SECURE 2.0 Act seeks to enhance retirement savings and will likely impact a variety of retirement planning and tax strategies.

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Key tax figures for 2023

Key tax figures for 2023

Due to the surge in inflation, many key tax figures annually adjusted for inflation will increase in 2023.

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SECURE 2.0 closes in on the finish line

SECURE 2.0 closes in on the finish line

SECURE 2.0 garnered significant bipartisan support in Congress and expands on the goals of the 2019 bill to help people save more for retirement.

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Time is running out for certain tax breaks

Time is running out for certain tax breaks

With the mid-term elections coming to a close with the run-off election for the Georgia Senate seat, Congress turns its ...

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Five year-end planning ideas for retirement savings

Five year-end planning ideas for retirement savings

Year-end is an opportune time to review retirement savings plans and determine if any adjustments are needed.

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Changes to key figures for Social Security, Medicare in 2023

Changes to key figures for Social Security, Medicare in 2023

As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.

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Year-end planning review checklist

Year-end planning review checklist

A year-end review provides an opportunity for taxpayers to see if action is needed on their portfolios and strategies.

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Webinar: Tax outlook and year-end planning

Webinar: Tax outlook and year-end planning

As year-end approaches, Join Bill Cass and Chris Hennessey for a discussion of the impact of the elections, the outlook ...

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Important estate planning moves before year-end

Important estate planning moves before year-end

Estate planning is an important part of year-end planning as taxpayers seek to manage the distribution of assets as and meet any state tax requirements.

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Year-end planning ideas to lighten the tax burden

Year-end planning ideas to lighten the tax burden

As year-end approaches, taxpayers may consider strategies to try to hedge the risk of higher taxes and mitigate the tax burden.

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Estimating your tax bracket can guide tax planning

Estimating your tax bracket can guide tax planning

Taxpayers may want to estimate income for this year to determine their marginal income tax bracket.

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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.