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.

Chuck Bean Named as One of America’s Top 100 Independent Financial Advisors by Barron’s

Heritage’s Founder and President, Chuck Bean, is named among America’s Top 100 Independent Financial Advisors by Barron’s. This is the seventh year that Chuck has received this prestigious recognition. Chuck is also one of five wealth advisors to be profiled in the article this year. “I strongly feel we have a significant competitive advantage in clients’… More >

Why Educators Should Pay Close Attention to Retirement Plan Fees

Many teachers have 403(b) employer retirement plans, which have saving and tax-deferral rules similar to 401(k)s. Contributions from salary deductions lower taxable income, then grow tax-deferred until withdrawn in retirement. Employers may offer Roth 403(b)s, which do not provide a tax break now, but instead offer tax-free withdrawals in retirement. Some employers match contributions, often… More >

How to Tell If a Charity is Legitimate

The IRS recently warned consumers of possible fake charity scams relating to recent South Carolina flood victim relief. Following natural disasters or catastrophic events, scam artists often impersonate charities to collect money or personal data from well-intentioned donors. Whether donating to assist after a specific crisis, or with recurring planned gifts, one can take steps… More >

Forbes Names Chuck Bean among America’s Top Wealth Advisors

Chuck Bean, Founder and President of Heritage Financial, was named as one of America’s Top Wealth Advisors by Forbes. Chuck is one of the six Massachusetts wealth managers to be a part of this coveted list. “This would not have been possible without our loyal clientele and the trust they place in us every single… More >

Heritage Investment Review: Q2 2016

An investor with $1 million set her allocation on the last day of 2015 to 60% in global stocks and 40% in bonds. She left for Tuscany determined to completely relax. As part of this she resolved to avoid reading any newspapers or articles on the markets. She took a deep breath and determined to… More >

Interview with Caroline Savory, Expert Appraiser

Ed Jastrem, Director of Financial Planning at Heritage Financial Services, connected with fellow Colby College graduate Caroline Savory to discuss her role as President of The Appraisers’ Registry of New England. Caroline and her team of expert appraisers have assisted Heritage clients with inventories and evaluations of artwork, jewelry and collectible cars. In the Q&A… More >

Don’t Take the Market’s Lowball Offer

Have you ever sold your house? It’s usually an emotional process involving many important steps: 1. Finding a realtor to guide you through a major transaction 2. Following their advice on repairs and updates to make the home salable 3. Deciding on a listing price after reviewing recent comparable transactions and market availability 4. Figuring… More >

Heritage Investment Review: Q1 2016

One of the simple but powerful maxims in investing is buy low, sell high. It’s intuitive logically but difficult behaviorally. Over and over, investors — non-professional and professional alike — panic when an asset class declines and, metaphorically, ‘run for the door’. Buying into a declining asset is difficult psychologically; increasing your stake in that… More >

Barron’s Lists Chuck Bean among America’s Top 1200 Financial Advisors, #13 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 seventh year that Chuck has received this prestigious recognition. Barron’s also provides state-by-state rankings, which lists Chuck at #13 in Massachusetts. He has moved three places up from last year’s rankings. According to Barron’s, these… More >

Avoiding Lifestyle Creep

“The fundamental rule regarding wealth building …Whatever your income, always live below your means.” One of my passions as a financial planner is to help people turn their career success into long-term financial success. One does not guarantee the other, and a big reason is the tendency to ramp up your lifestyle as your income… More >