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.

2016 Year-End Planning Guide

Maximize contributions to your retirement savings plans There are still a few weeks left in the year to adjust payroll deductions (or year-end bonuses) to contribute more to a 401(k), 403(b) or other tax-deferred savings plan. This could be especially valuable if your employer matches contributions. If you are self-employed, consider opening a solo-401(k) or… More >

Data Suggests Minimal Social Security Increase for 2017

Social Security benefits may increase each year based on inflation measured by the Consumer Price Index (CPI). These cost-of-living adjustments (COLAs) help retirees keep up with the rising cost of goods and services. Each October, the Social Security Administration announces the amount monthly benefits will increase starting the following January. If the rate of inflation… More >

Heritage Investment Review: Q3 2016

In our last Market and Investment Review we demonstrated how a long-term investor, who sticks to his or her plan, and doesn’t get worked up by the financial media, tends to enjoy a superior investment experience. As we approach a once-in-four-year event—the election of a U.S. president—emotions tend to pique. We understand important questions are… More >

Put Interest Rate Boost Into Context

Interest rates are (finally) increasing. Now what? The long-awaited interest rate hike by the Federal Reserve was finally announced in December. The Fed stated that it would raise rates by a quarter of a percentage point, the first increase since June 2006. The Fed’s statement emphasized that the state of the economy is not putting… More >

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 >