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.
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.
Don’t let creditors put your IRA savings at risk
Creditor risk, which may be overlooked by investors, can erode retirement savings, particularly in an IRA account.
Non-hardship 401(k) withdrawals can expand investment opportunities
Some plan participants may use non-hardship 401(k) withdrawals to invest in individual retirement accounts.
Provision to make tax-free donations using an IRA is permanent
Retirees at age 70½ may direct IRA assets to a charity tax-free under a provision made permanent by Congress.
Three takeaways from the DOL fiduciary rule hearings
DOL hears pros and cons of fiduciary rule
Proposed fiduciary rule subject of hearings
The Department of Labor is reviewing testimony on its proposed fiduciary rule.
New DOL proposal adds a fiduciary standard to IRAs
The Department of Labor is proposing a new rule for individual retirement accounts that could impact how advisors offer advice and charge fees for IRAs.
Planning Idea
Using Form 1040 to uncover opportunities
The IRS tax Form 1040 can be used to launch financial planning discussions.
Tax court limits IRA rollovers
Investors who typically use a rollover strategy for multiple individual retirement accounts (IRAs) will need to reconsider because of a rule change that took effect this year. A decision...