Insider

Planning

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 >

Understanding Your Restricted Stock Units

RSUs – Restricted Stock Units – have become a more popular way to pay corporate executives in the last fifteen years. This is partly because of a change in accounting principles which made stock options less attractive in response to concerns about abusive pay practices. At Heritage Financial, we help corporate executives and their families… More >

Why We Often Recommend Our Clients Have a HELOC

A home equity line of credit (HELOC) may provide a borrower with needed cash if other liquid resources are not immediately available. Funds are drawn by simply writing a check, and can be used for what you need when you need it. In most cases interest rates are much lower than a credit card or… More >

4 Personal finance to-do items no matter what 2017 brings

Investors and the media alike are expected to focus on interest-rate increases and proposed changes to income and estate taxes as key discussions going into 2017. While both topics will present new challenges or opportunities in personal finance, there are perhaps more unknowns at this time than there are objective criteria one could use to… More >

Tax-loss Harvesting

Tax-loss selling is a common tax planning strategy. Harvesting a loss generates current tax savings. Even if a position that is harvested for a loss is then later sold at a gain, there is an opportunity for tax deferral in the meantime, which can create a modest economic benefit. A loss now produces additional dollars… More >

What is Your Financial Advisor Worth?

Earlier this year, Russell Investments put out a piece attempting to calculate a financial advisor’s value. It’s an important topic given many people’s need for wealth management advice, and the reassurance they require that they are not paying too much for it. The paper is geared toward financial advisors, so this is a short post… More >

Conforming Mortgage Loan Limits to Increase for 2017

The Federal Housing Finance Agency (FHFA) announced on November 23rd that the maximum conforming loan limit for 2017 will be $424,100. Conforming loan limit is the maximum amount of money that buyers can borrow in a Fannie Mae or Freddie Mac backed loan for a one-unit property. For most single-family home buyers, the current limit… More >