Many financial planning actions are linked to age milestones. See how key birthdays and other dates could signal financial planning moves.
https://www.putnamwealthmanagement.com/age-milestones-can-trigger-financial-planning-actions
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
As the number of Americans retiring in other countries continues to grow, here are five considerations for individuals planning to retire abroad.
With final regulations announced, heirs now have clarity on the 10-year rule for distributions from inherited retirement accounts.
https://www.putnamwealthmanagement.com/final-regulations-deliver-clarity-on-10-year-rule
IRS recently provided details on new provisions to avoid the early withdrawal penalty from retirement accounts.
If they meet certain requirements, a divorced individual can receive Social Security benefits similar to a married spouse.
https://www.putnamwealthmanagement.com/a-marriage-may-end-but-not-social-security-benefits
For married couples, it is important to understand the rules for claiming Social Security survivor benefits in order to plan ahead.
https://www.putnamwealthmanagement.com/six-things-to-know-about-social-security-survivor-benefits
Heirs with inherited retirement accounts can skip taking RMDs this year without penalty under IRS guidance.
https://www.putnamwealthmanagement.com/irs-allowing-heirs-to-skip-rmds-in-2024
For individuals considering a distribution or rollover it is important to understand the options around company stock in a retirement plan.
https://www.putnamwealthmanagement.com/consider-the-options-before-taking-action-on-company-stock
Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.
https://www.putnamwealthmanagement.com/taxes-in-retirement-may-surprise-retirees