Wealth Management Center

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


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Five year-end planning ideas for retirement savings

December 7, 2022  |  Retirement/Income

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

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Five year-end planning ideas for retirement savings
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March 8, 2022

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

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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The impact of inflation on planning

The impact of inflation on planning

In addition to the erosion of purchasing power, rising inflation can have a profound impact on financial planning.

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Five things to know about Roth IRA distributions

Five things to know about Roth IRA distributions

There are several key points for savers to consider as the rules around taking Roth IRA distributions differ from other types of retirement accounts.

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Age milestones can trigger financial planning

Age milestones can trigger financial planning

Reaching certain age milestones can be significant for many different reasons, including financial planning.

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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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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.