Putnam U.S. Research Fund - Class R6 · NASDAQ:PLJMX
Putnam U.S. Research Fund - Class R6 — Putnam Investments — Investor Presentation (January 2023)
13 slides from Putnam U.S. Research Fund - Class R6's investor presentation, January 2023
Slide 1: SECURE 2.0: Key provisions and planning considerations
SECURE 2.0: Key provisions and planning considerations • Bill Cass, CFP®, CPWA® • Director, Wealth Management Programs • Chris Hennessey • Lawyer and C.P.A. • Member, Putnam Business Advisory Group • Professor Emeritus of Law, Babson College Not FDIC May Lose No Bank For investment professional use
Slide 2: SECURE 2.0 becomes law
SECURE 2.0 becomes law • Attached to year-end omnibus spending bill, broad bipartisan support • Major themes: – Expand access to retirement plans – Encourage participation – Increase and preserve retirement savings – Provide easier access to retirement savings – Expansion of Roth accounts – Address
Slide 3: Timeline of key provisions
Timeline of key provisions Sources: Consolidated Appropriations Act, 2023, DIVISION T, SECURE Act of 2022, Senate Finance Committee, SECURE 2.0 Section by Section Summary. Based on current interpretation of the legislation, subject to change. For investment professional use only. Not for public dist
Slide 4: Increase in the RMD age
Increase in the RMD age When were you RMD age born? 72 (or 70 ½ if you reached that 1950 and earlier age before 2020) 1951 – 1959 73 1960 and later 75 Sources: Consolidated Appropriations Act, 2023, DIVISION T, SECURE Act of 2022, Senate Finance Committee, SECURE 2.0 Section by Section Summary. Base
Slide 5: Opportunities for clients to save more
Opportunities for clients to save more • Additional catch-up contribution at ages 60- 63 equal to the greater of $10,000 or 150% of the current limit • Higher contribution limits for SIMPLE plans • IRA catch-up (currently $1,000) indexed for inflation * Based on 150% of the current catch-up contribu
Slide 6: New! 529 to Roth IRA transfers
New! 529 to Roth IRA transfers • What we know currently: – Up to $35,000 in unused 529 funds (over lifetime) can be contributed into a Roth IRA in the name of the 529 beneficiary – 529 plan must be in place for at least 15 years, the last 5 years of contributions (and earnings) cannot be transferred
Slide 7: Changes to Qualified Charitable Distributions (QCDs)
Changes to Qualified Charitable Distributions (QCDs) • Annual limit (currently $100,000) indexed for inflation beginning in 2024 • One-time option to direct up to $50,000 to a charitable trust or charitable gift annuity • The trust must be for the sole benefit of the IRA owner or spouse Sources: Con
Slide 8: Other key provisions
Other key provisions • Expansion of Roth accounts – Roth SEP/SIMPLE, option for employer match into Roth, catch-up contributions must be made into Roth if previous year compensation > $145,000 • Student loan payments qualify as salary deferrals for purposes of the employer-match (if plan adopts) • N
Slide 9: Planning considerations
Planning considerations • With increase in the RMD age, consider using the ”extra” years available for QCDs (beginning age 70 ½) or Roth IRA conversions • Take advantage of additional savings opportunities (new catch-up contributions) • Plan participants in lower tax brackets may want to request emp
Slide 10: Resources designed to help you engage clients and prospects
Resources designed to help you engage clients and prospects • Client seminar and investor education pieces on the tax landscape and planning ideas • Wealth Management Center blog articles and resources – Putnamwealthmanagement.com • Video commentary and podcasts Follow Bill Cass on Twitter @BillCass
Slide 11: Contact Putnam
Contact Putnam 800-354-4000 putnam.com/advisor Client Engagement Putnam website Center For investment professional use only. Not for public distribution. AD2709176 1/23 11
Slide 12: For investment professional use only. Not for public distribution.
FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION. The views and opinions expressed are those of the speakers, are subject to change with market conditions, and are not meant as investment advice. Chris Hennessey, Lawyer and C.P.A., is Professor Emeritus of Law at Babson College and
Slide 13: Slide 13
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