Calculating the age when retirement account owners need to begin taking distributions is key for heirs to understand how to implement the 10-year rule for inherited accounts.
https://www.putnamwealthmanagement.com/unwinding-the-10-year-rule-for-inherited-retirement-accounts
For those looking to efficiently transfer wealth, here are some considerations and strategies when planning for step-up in cost basis.
https://www.putnamwealthmanagement.com/harnessing-the-power-of-step-up-in-cost-basis
Potential changes in estate and gift tax laws are causing some individuals to review plans and choose how to pass wealth to beneficiaries.
https://www.putnamwealthmanagement.com/deciding-how-to-pass-wealth-to-heirs
Without additional resources single households may be more vulnerable to financial shortfalls, making financial planning particularly important.
https://www.putnamwealthmanagement.com/growing-number-of-single-households-face-unique-challenges
It is important to review charitable giving plans before year in order to meet deadlines for certain strategies.
https://www.putnamwealthmanagement.com/there-is-still-time-to-make-the-most-of-charitable-giving
As year-end approaches, there are several strategies for investors to consider as they review their tax and estate planning.
https://www.putnamwealthmanagement.com/estate-planning-actions-to-consider-before-year-end
This checklist for year-end planning may help advisors identify ways to minimize taxes and other potential benefits.
https://www.putnamwealthmanagement.com/year-end-planning-review-checklist-3
The SECURE Act 10-year rule set new guidelines for distributing inherited retirement accounts and has impacted retirement planning.
https://www.putnamwealthmanagement.com/unraveling-the-10-year-rule
Individuals may want to prepare heirs with a final planning guide before a loved one passes away.
https://www.putnamwealthmanagement.com/preparing-heirs-before-a-loved-one-passes
An interfamily loan may be a viable alternative to a current mortgage for family members looking to buy a home.
https://www.putnamwealthmanagement.com/consider-looking-close-to-home-when-seeking-a-loan