Putnam U.S. Research Fund - Class R6 · NASDAQ:PLJMX
Putnam U.S. Research Fund - Class R6 — Putnam Investments — Conference Presentation (November 2022)
15 slides from Putnam U.S. Research Fund - Class R6's conference presentation, Nov 17, 2022
Slide 1: Post-election impact and year-end planning
Post-election impact and year- end planning • 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 only. Not f
Slide 2: Topics for today
Topics for today • Mid-term election recap • Washington policy areas we’re monitoring • Year-end planning ideas to engage clients For investment professional use only. Not for public distribution. AD2576943 11/22 2
Slide 3: Where does Congress stand right now?
Where does Congress stand right now? House* Senate** 217 208 49 50 * RealClearPolitics (11/16/22) ** Run-off election for GA Senate seat occurring on 12/6/22 For investment professional use only. Not for public distribution. AD2576943 11/22 3
Slide 4: Near-term policy areas we're monitoring
Near-term policy areas we’re monitoring • Bipartisan retirement legislation – House SECURE 2.0 bill and Senate EARN Act • Next steps on proposed Treasury regulations impacting inherited retirement accounts – No RMDs for 2021 and 2022 per IRS Notice 2022-53 • What’s the future for student loan forgiv
Slide 5: Manage the timing of income, deductions, and losses
Manage the timing of income, deductions, and losses • Key first step – get income projections from your clients • Does a Roth conversion make sense before the end of the year? – Benefit of converting to a Roth in a down market – Project income to determine marginal tax bracket and how much ”room” th
Slide 6: Manage timing of income, deductions, and losses (cont.)
Manage timing of income, deductions, and losses (cont.) • Should retired clients consider taking more than the RMD? – Or, should clients withdraw from IRA before age 72? • Opportunities to reduce income – HSA or retirement account contribution? • Tax loss harvesting including mutual fund swaps • Tax
Slide 7: Roth conversions can hedge the risk of higher taxes in the future
Roth conversions can hedge the risk of higher taxes in the future 2022 PROJECTED 37% $647,850 39.6% 35% $518,333 35% $431,900 $458,839 32% 33% $340,100 3.8% $250,000 $256,910 24% 28% surtax applies $178,150 $168,540 22% 25% $83,550 $83,550 12% 15% $20,550 $20,550 10% 10% Based on 2022 tax brackets f
Slide 8: Address the 10-year rule on inherited retirement accounts
Address the 10-year rule on inherited retirement accounts Account owners Heirs • Review and evaluate beneficiary • Tax-efficient timing of designations distributions over the 10-year • Leave IRA to lower-income period heirs • If inheriting Roth, wait until the • Review trust arrangements end of the
Slide 9: Basic exclusion amount (BEA)
Consider large gifts before the end of 2025? Basic exclusion amount (BEA) $12M $5.5M Federal estate additional tax savings of gift over $2 million $6.5M exclusion 2022 2026 (projected) Assumes an estate tax rate of 40%. For 2022 the Basic Exclusion Amount (BEA) is $12,060,000. The 2026 projected fig
Slide 10: Key conversations for business owners
Key conversations for business owners • Net operating loss (NOL) carry-forward and Roth conversion opportunity • SALT workaround option • Retirement plan review / upgrade For investment professional use only. Not for public distribution. AD2576943 11/22 10
Slide 11: Look for opportunities to engage other family members during the holidays
Look for opportunities to engage other family members during the holidays • As family members gather during the holidays, this presents an opportunity for advisors to deepen or develop relationships • Make sure key documents are in place – For example, are healthcare directives and proxies — especia
Slide 12: 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 13: Contact Putnam
Contact Putnam 800-354-4000 putnam.com/advisor Client Engagement Putnam website Center For investment professional use only. Not for public distribution. AD2576943 11/22 13
Slide 14: 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 15: Slide 15
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