Consider creating a checklist as students head off to college
Parents may consider creating a checklist for the financial considerations involved when students head off to college.
Putnam Wealth Management
Preserving and sustaining wealth for the future
Clients need help with complex financial planning matters such as efficient wealth transfer, tax and inflation risk, and sustainable income in retirement. Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights, tips, and legislative updates.
Posts by: Bill Cass
Higher education tax breaks may be overlooked
There are several tax-advantaged provisions for higher education in the tax code that may be overlooked as multiple provisions may cause confusion.
Don’t lose sight of discretionary spending in retirement plan
Planning for both discretionary spending as well as essential expenses is important when saving for retirement.
House and Senate proposals include tax cuts in ACA repeal
Tax relief and the elimination of health insurance mandates could be realized if proposals to repeal the Affordable Care Act (ACA) advance on Capitol Hill.
Trends in living arrangements require a fresh look at planning
Because marital status plays a prominent role in financial rules, living arrangements such as non-traditional households may result in planning challenges.
Soaring health costs create opportunity for HSAs
Many savers with access to HSAs are using these accounts to save for future health costs.
Strategies to reduce AMT
About 4 million taxpayers each year get hit with the alternative minimum tax. Yet there are strategies for investors to try to mitigate or avoid the AMT.
Tax reform proposals may limit deductions, loopholes
As discussion around tax changes increases on Capitol Hill, proposals point to a reduction in tax preference items and tax loopholes.
After the celebration: New graduates focus on finances
Seeking advice and developing a financial plan can be critical for graduates navigating next steps after college.
Consider a 529 plan for a tax-smart way to save for college
A 529 plan may be part of a strategy to utilize tax-advantaged savings to meet the rising cost of college.