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.
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 from category: Retirement/Income
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.
Little-known strategy provides for IRA-to-HSA transfer
A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.
Here are six tools to calculate Social Security claiming options
How and when to claim Social Security benefits is one of the most important retirement and there are dozens of free online tools that offer some guidance.
What is the future of Social Security?
With Social Security expected to run out of reserves by 2034, reforming the entitlement program remains a priority issue for some lawmakers.
At year-end, retirement distributions not always required
Year-end is an opportune time to remind investors of situations where they are not required to take retirement distributions.
Now’s the time to review and act on retirement accounts
With different tax rules and penalties for forgotten distributions, it's important to review retirement accounts before the end of the year.
Social Security isn’t just for seniors
It's not uncommon to see parents of retirement age with young children at home. In these families, children may be eligible for Social Security benefits.
Rollover or stay? DOL fiduciary rule brings changes.
Rollovers are a leading driver of IRA assets and the DOL fiduciary rule will introduce new requirements for transactions involving IRAs next year.
Will fixing Social Security mean higher taxes and lower benefits?
Multiple recommendations have been made to fix Social Security and some strategies may be more costly for investors.