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.

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Every detail matters

In this brief video, Heritage founder Chuck Bean explains how our rigorous, client-first approach to wealth management can transform your finances, and your life. Watch >

Charitable Contribution Strategies under the New Tax Law

The itemized deduction for charitable contributions may have less income tax-saving benefit for some taxpayers starting with the 2018 tax year. This is due to a substantial increase in the standard deduction and the elimination or reduction of other itemized deductions. The new law increases the standard deduction to $24,000 for married couples and to… More >

Home Equity Loan Interest May Still be Deductible under New Tax Legislation

The recently passed tax bill suspends the itemized deduction for interest on home equity indebtedness, beginning with tax years after December 31, 2017. A taxpayer, however, may still be able to claim a deduction for some or all of the interest on a home equity line of credit (HELOC). The type of loan (e.g. traditional… More >

New Tax Law Allows 529 Plans to be Used for K-12 Education Expenses

The recently signed Tax Cuts and Jobs Act includes provisions that will expand the potential benefits of 529 savings plans. 529 plans are investment accounts originally designed to help families save for college. Under current law, investment earnings and withdrawals from 529 plans are tax-free as long as the funds are used for qualified higher… More >

Highlights from Tax Reform

Congress has voted to pass a major rewrite to the tax code that the President will soon sign into law. The complex nature and late timing of the bill make year-end strategic decisions difficult to evaluate. You may want to connect with your tax-preparer to ask if there are any tactics specific to your situation… More >

Facts & figures to Know for 2018

Many questions remain as Congress debates edits to tax reform legislation. While there are still unknowns, there are some figures we can start to consider in plans for 2018 and beyond. Below is a summary of certain announcements made by the Internal Revenue Service and other agencies related to 2018. Employer Retirement Plan Savings The… More >

Cyber Security: Partnering to Protect Our Clients

Notorious hacker Kevin Mitnick said, “The weakest link in the security chain is the human element.” “There are only two types of companies: those that have been hacked and those that will be.” – Robert Mueller, FBI Director This is why, at Heritage, we take the security of our clients’ confidential information very seriously, as… More >

Why Schwab Honored Heritage Financial with 2017 Best-in-Business Award

The Schwab team produced this brief video to highlight why Heritage Financial is a Best-in-Business IMPACT Award TM recipient. Watch >

Charles Schwab & Co., Inc. Recognizes Heritage Financial with 2017 Best-in-Business IMPACT Award

We are very proud to announce that Charles Schwab & Co., Inc. has honored Heritage Financial with the 2017 Best-in-Business IMPACT Award TM. Schwab bestows the award annually to a single firm that has been in business for at least 10 years, has a track record of growth and excellence, and uses technology solutions to… More >

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 >

Heritage Investment Review: Q3 2017

Year-to-Date Summary The first three quarters of 2017 has been a good period to invest; the stock market produced significant gains with exceptionally low volatility. Our clients have participated in this steady appreciation. Embedded in the strong returns we achieved through the first three quarters of this year are investment decisions that may seem simple… More >