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.

Health and Wealth Leadership Forum, Big Brothers Big Sisters of Greater Boston

At the recent Big  Brothers Big Sisters of Massachusetts Bay’s  Health and Wealth Leadership Forum four of New England’s leading Investment Advisors, together with the Director of MIT’s AgeLab took on a topic that is gaining momentum across the investment world – Investing for Longevity.  With the population living longer, healthier lives the requirements for… More >

Your Paycheck: Take a Close Look at Your Withholdings

In early 2018, the IRS released new payroll withholding tables to reflect changes from the Tax Cuts and Jobs Act. Payroll edits were made by employers and their payroll providers. As a result, the federal income tax withheld from your pay likely changed, even if your compensation remained the same and you did not proactively… More >

Clients First. Then, and Now

This year at Heritage we will celebrate our 23rd anniversary. We’ve grown our team, adopted new technology, expanded our offerings, and evolved in many ways. But, I’m most proud of how we stayed true to the core values we identified at our inception. The way we defined how we would do business in 1996 is… More >

Heritage Investment Review: Q1 2018

First Quarter 2018 in Context The first quarter of 2018 saw the U.S. stock market increase 7.12% within the first month. Then it fell from its highest point by 10.62% to -3.50%. By the end of the quarter, U.S. stocks had stabilized with a cumulative return of -0.64% . Source: Morningstar, Inc. In our investment… More >

Barron’s Names Chuck Bean as One of America’s Top 1200 Financial Advisors

Chuck Bean, Founder and President of Heritage Financial has again been named among America’s Top 1200 Financial Advisors by Barron’s.  This is Heritage’s fifth consecutive year of inclusion in the litany.  Within the state of Massachusetts, Heritage Financial is now ranked #12, an increase of 3 places over the 2017 report. “It is a great… More >

Forbes Names Chuck Bean to Best-in-State Wealth Advisors List

Heritage Financial is named as one of the top 5 wealth advisors in Massachusetts by Forbes magazine. This year’s Best-In-State Wealth Advisors list spotlights over 2,000 top-performing advisors across the country who were nominated by their firms, and then researched, interviewed and assigned a ranking within their respective states. Chuck Bean, Heritage’s founder and CEO… More >

Medical Expenses & 2018 Tax Planning

For those who have out-of-pocket medical and dental expenses, the Tax Cuts and Jobs Act could provide an unexpected tax break. Proposals in the House of Representatives in late 2017 called for a repeal of medical expense deductions entirely, as part of reform to curtail itemized deductions. After negotiations, the medical expense deduction was actually… More >

Estate Taxes after the Tax Cuts and Jobs Act

Proposals to repeal the federal estate and gift tax came about during the Presidential campaign and continued into 2017. The enacted Tax Cuts and Jobs Act changes, but does not fully revoke, estate and gift taxes. The tax reform increased the 2018 exemption amount per person from $5.6M to $11.2M, doubling what can pass on… More >

Heritage Investment Review – Year 2017

By all accounts, 2017 was an excellent year for investments. The U.S. stock market was up 21.13%i. Developed international stock markets were up 25.03%ii. Emerging markets’ stocks were up 37.28%iii. U.S. high yield bonds returned 17.16%iv. Global bonds—despite a large portion starting the year with non-existent or negative yields—returned 7.39%v. U.S. real estate returned 6.89%vi…. More >

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 >