Strategies to preserve step-up in cost basis under new tax landscape
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.
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, CFP®, CPWA®
Same-sex couples face challenges in financial planning
While progress has been made on marriage equality, same-sex couples may continue to face obstacles to saving and other financial planning issues.
Is the stretch IRA doomed?
With sweeping retirement legislation garnering massive support in Congress, concerns about the future of the stretch IRA have resurfaced.
More colleges offer tuition deals for out-of-state students
Some families that once felt that they had no control over college costs, are finding that many colleges offer tuition deals.
Preserving open space may deliver a tax break
Land designated with a conservation easement, including preserving open space, can offer tax advantages to a property owner.
Four reasons to convert a custodial account to a 529 plan
There are several reasons why parents decide to liquidate a custodial account and use the assets to fund a 529 college savings plan.
When a defective trust may be effective
A so-called defective trust may help business owners transfer wealth to other family members during their lifetime in a tax efficient manner.
Will Social Security be solvent when it is time to collect?
A new report found that the cost of Social Security is projected to exceed its income in 2020 and the trust funds are projected to be depleted in...
Three planning considerations now that tax season is over
Now that the first tax season under tax reform is in the books, what are some tax planning considerations for the rest of the year.
Fewer estates taxed under tax reform, but state taxes still a concern
Under tax reform, the federal estate tax applies to fewer estates, yet more than a dozen states have estate or inheritance taxes.