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Planning

Fourth-Quarter To-Dos to Keep on Your Radar

If you have an employer-sponsored retirement plan: Review your paystub or plan statement to confirm you are on schedule to contribute what you intended for the year. There is time left in the year to increase your contribution from salary deferral if you are not adding the maximum, which for most plans is $18,000 for… More >

Worried about the Recent Equifax Security Breach?

One of the credit-reporting agencies, Equifax, experienced a data breach that included Social Security numbers, dates of birth, driving-license numbers and for some people, possibly their credit card numbers as well. Equifax has established a website that allows people to check if their information was likely compromised. They are also offering complimentary identity-theft protection and… More >

Inside Divorce – Podcast with Sammy Azzouz

One of Heritage Financial’s Managing Partners, Sammy Azzouz, was recently interviewed by family law attorney Hindell Grossman about the financial challenges that married couples face and how a financial planner can help them manage their finances effectively. Sammy and Hindell also discussed the importance of keeping both spouses engaged in financial discussions and the steps… More >

What Your Advisor Can Learn From Your Pay Stub

Your paystub, or earnings statement, can provide worthwhile information to your financial advisor. In most cases, high-level facts and figures are discussed in-person or captured via data gathering forms. But, details on benefits or deductions may be missed – or simply misunderstood. With an acronym soup of ESPP, FSA, HSA, LTD, and AD&D, it’s no… More >

Creating A post-college financial plan

If you (or someone you know) have recently graduated, congratulations! Here are five things that you can start doing today to ensure a solid financial future for yourself. Hope for the Best, Plan for the Worst An emergency fund of ready cash can help you feel more secure about your ability to handle the unexpected… More >

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 >

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 >

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 >