Insider

News, Information and analysis

In the financial world, there’s a lot to keep track of. Here’s a curated stream of financial intelligence and practical updates, prepared by us specially for Heritage clients.

Will my beneficiaries have to pay taxes on my life insurance policy?

Under current law, death benefit proceeds from life insurance are generally income tax-free. If you name a spouse, child, or other individual as a beneficiary to a life insurance policy you own, that person will not have to report any of the proceeds as income due to your death. If a beneficiary elects to receive… More >

Lease or Buy Decision

Many big-ticket consumer items, such as cars, computers, and furniture, can be leased rather than purchased. In a lease, the lessor retains ownership of the item, and the lessee pays for the use of it. Types of Lease With a closed-end lease, the cost is known and no further money is due by the lessee… More >

Heritage investment review: q1 2017

Twelve Months of Calm Seas in the Wake For the past twelve months, stock returns have been high and the bumpiness experienced to achieve those returns has been low(1). Despite two major events in 2016—Great Britain voting to exit the European Union and a presidential election in the United States—it has been a tame period… More >

Why Investors Should Diversify Globally

One of the distinguishing features of Heritage Financial’s investment philosophy is our belief that investors should diversify globally. While there are many reasons for this that we can explain and relate specifically to a client’s personal situation, this article from CNBC does a nice job highlighting some basic points as to why it makes sense…. More >

Barron’s Names Chuck Bean among America’s top 1200 financial Advisors, #15 in MA

Chuck Bean, Founder and President of Heritage Financial, is named among America’s Top 1200 Financial Advisors by Barron’s. This is the eighth year that Chuck has received this prestigious recognition. Barron’s also provides state-by-state rankings, which lists Chuck at #15 in Massachusetts. According to Barron’s, these rankings are based on assets under management, revenue generated… More >

Helping Grandchildren Pay for Their College Education

Personal finance decisions that involve multiple family members and generations are as much about communication as they are about dollars and cents. Since I began working at Heritage, one of the most popular questions our clients have asked during our review meetings has been “how can I help my grandchildren pay for college?” I recommend… More >

It Takes an Extraordinary Leadership Team to Reach Great Heights!

Twenty-one years ago when I founded Heritage Financial, my goal was to run a completely independent financial advisory firm where planning and investment decisions were based solely on clients’ best interests. Today, as a registered investment advisor and fiduciary, we serve several hundred clients representing $1.2 billion in assets under management, we have 28 knowledgeable… More >

Roth IRA Opportunities for Kids and Young Adults

A Roth IRA offers tax-free growth, making it a very attractive vehicle for young investors to take advantage of decades of compounding. If a child has earned income from a summer job or other work, a full or partial Roth contribution may be an option. Earned income does not include interest or dividends. A child… More >

Tax Preparation Guide for Heritage Clients

Tax season can be quite, well, taxing! Every year we compile a comprehensive tax preparation guide for Heritage clients. This guide is a handy reminder of the many variables that affect your tax filing, and ways to navigate through them effectively. 1099 Composite and Year-End Summary Consolidated 1099 tax forms are available online from Schwab… More >

Understanding Your Restricted Stock Units

RSUs – Restricted Stock Units – have become a more popular way to pay corporate executives in the last fifteen years. This is partly because of a change in accounting principles which made stock options less attractive in response to concerns about abusive pay practices. At Heritage Financial, we help corporate executives and their families… More >