Events

Would you rather see your money in the hands of the IRS, or a charitable cause that truly means something to you? You may have more control over where your wealth goes than you think. Our Planned Giving Seminar will teach you how to redirect thousands in tax dollars to charitable contributions and still retain as much wealth—if not more—in the long run.

Planned Giving doesn’t require that you spend less on yourself or give your kids less. Most people with a net worth of over $1M will pay well into the six figures in taxes. It means to instead give some of that money to charity—not the money you need to live on.

Join us to learn strategies for redirecting what otherwise might go to the IRS to the charities you support. We’ll discuss:

• How to get tax benefits now for gifts that are made to charity sometimes in the future
• How to avoid tax on RMD's (required withdrawals from IRAs and 401ks)
• How to get certain benefits of trusts (probate avoidance, creditor protection, control over when kids get money, etc.) without the costs of setting up a trust
• Donor Advised Funds, Dynasty Trusts, and Capital Gains Bypass Trusts

Youmay have heard the term “financial planning,” but what is it and why is itimportant?

Financial planning is a process to identify your goals—the things that, if achieved, would make you feel like you’re living life to the fullest—and lay out a clear map on how to achieve those goals. It’s more than an action plan for growing your wealth; it’s about making all your financial decisions from a strategic and educated place. The planning process also focuses on protecting your wealth through proper insurance, entity planning, reducing your taxes, implementing savings and distribution plans, and more.

This may sound overwhelming, but the value of financial planning is to make all the complexities of your financial life simple. Financial planning isn’t just preparing for retirement—it benefits people in every stage of their life, from planning for your first home, to creating additional income streams for yourself, to legacy planning in your golden years. It can offer not only financial impacts, but also personal ones: improved goal achievement (getting more from your resources), higher confidence levels when making financial decisions, and even higher levels of happiness.

Here are a few topics we will cover:

• What financial planning is and how it could impact you
• Why it can make sense to involve the entire family
• Protecting your wealth
• The advantage of getting advice from specialists vs. generalists
• The holistic approach Heritage Wealth Advisors uses for our clients

Many people don’t realize that a significant amount of the wealth in the US is in common retirement plans—such as 401Ks and IRAs. These are sometimes referred to as Tax Time Bombs, given most of this money will be fully taxable as ordinary income.

But the secret to influencing your tax burden is to diversify your income sources. That’s because ordinary income (W2, 1099, etc.) is taxed at a higher rate than any other source—and it’s why you probably have a higher tax rate than the ultra-rich. In our virtual Creating Tax-Free Retirement Income workshop, we’ll discuss how to diversify the taxation of your money and reduce the long-term tax rates. We will also go into additional topics such as:

• Investments that may provide recession-proof income
• 3 vehicles that may provide Tax-Free Retirement Income
• While Roth IRAs have contribution limits of $6,500/year, learn which other vehicles have no limits

We welcome you to join us for a discussion on the current environment for investors, along with our views on longer-term risks to retirement portfolios. We’ll also cover strategies we use with clients to mitigate these risks and take advantage of the opportunities they present. We will cover many topics, including:

• The current investing environment: The economy, inflation, equities/stocks, and fixed income/bonds
• Systemic risks and opportunities informing our long-term outlook
• The potential outcomes faced by investors
• The value of an advisor

It is said that we may be in one of the more difficult times in history to retire, largely because inflation has remained well above the Fed’s target rate. For many of our clients, the goal of creating multiple streams of income that pay to them—regardless of whether they work and regardless of whether we’re in an up or down market—is central to their plan.

In our virtual Creating Passive Income Streams workshop, we will look at major strategies to help you produce more secure, sustainable, reliable, lasting income, that can pay even during times of recession, and that can outpace inflation. We’ll also cover:

• Investments that are producing healthy income
• Investments that may provide recession-proof income
• Investments that produce income that has historically outpaced inflation
• What the large endowments are investing in to produce better income

Having a tax-smart estate plan can be the difference between losing a small fraction of your estate to taxes, or a significant percentage. The U.S. tax code is complex, but it’s also filled with opportunities to influence how your assets will be impacted by the Federal estate tax, state estate tax, income tax, probate, and other costs that often trigger at the time of death.

Join us to learn how you can protect your assets and your heirs in our Estate Planning virtual event. We’ll share strategies to help balance simplicity and effectiveness, that can provide protections in the case of sickness or incapacitation, and that can help reduce taxes, which have helped many of our clients make a larger impact on their family and/or the charities they support.

• The basics: Strategies for preserving your estate and avoiding probate
• Advanced: Strategies to help reduce taxes
• Easy wins: Strategies that can be used now without the need of an attorney
• Planned Giving: Strategies for how to save taxes and give more charity without reducing what goes to kids