Events

If you’re like the average American, you spend more on taxes than food, clothing and housing combined. And, if you’re like the average American, you pay a higher tax rate than many billionaires. Why not take a page from the playbook of some of the wealthiest families in the world, and adopt a more proactive approach to your taxes?

That’s what this free Year-End Tax Strategy workshop is all about. Join us to learn top strategies to take advantage of before the yearends. We’ll share what we believe is the most comprehensive and actionable framework for helping you move past where most taxpayers exist, which is in the misery of simply “letting taxes happen”.

In this complimentary session, we’ll cover the following topics:

· How to get tax benefits from the volatility of the stock market

· The “window” of time we have before tax rates go up

· “Stacking” deductions in 2022 for a potentially bigger tax break

· How some taxpayers get tax deductions for buying certain SUVs

· Required Minimum Distributions – how to reduce or even avoid the tax on required distributions from IRAs and 401ks

· How to put in $20,000 above the typical 401klimit through catch-up and after-tax contributions

· How the backdoor Roth IRA works

· How to set up a Tax Holiday

· Whether to use your HSA or FSA

· Whether to do upstream or downstream gifting to take advantage of lower tax brackets

Special Guest: Trent Trailov, CEO, Trail CPA joining us for Q&A discussion

Our money down the road can only go to three places: Our heirs, the IRS, or to charity - and many of us have control over how much goes to the IRS. Join us to learn strategies for redirecting what otherwise might go to the IRS to the charities you support. Topics that will be discussed are:

• 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 401k's)
• 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, Capital Gains Bypass Trusts

You may have heard the term “financial planning,” but what is it and why is it important?

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

Despite high interest rates and high inflation, the economy continues to surprise to the upside and major stock indexes are up double-digits through the second quarter of 2023. The deeply discounted stock and bond prices resulting from last year’s sell-off proved to be too attractive and traders continue to buy the dips, even as economic indicators deteriorate further and the odds of recession increase. Core inflation has not been coming down quickly enough, meaning another rate hike or two from the Fed is likely.

Join us for a discussion on what is expected for the economy, and strategies you can take to both mitigate negative impact from and take advantage of market volatility. We will cover many topics, including:

• Leading indicators: the 12 things that have historically foreshadowed recessions and what they are now saying
• Strategies to meet your goals despite the volatility
• Strategies to take advantage of the volatility
• Fastest-growing sectors of the economy
• Potential tax changes and what it would mean for the market or economy

Despite men often having taken control of the family finances, women now control more of the wealth in the US, and that percentage is expected to increase in the next 12 years. Also, many women will likely be the primary decision maker in their family at some point in their lives, and a large portion of women will be solely responsible for managing their wealth at some point. Join us for a discussion about the strategies women are using to make even better financial decisions and increase empowerment and confidence levels.

The topics we will cover are:

• Ways to offset the gender pay gap, low retirement savings, and low Social Security • Strategies for balancing career, kids, and aging parents • Ways to improve financial literacy and preparedness of our kids • Socially Responsible Investing – how to align your values with your investments • How the Wall Street model fails women and how to still get what you need

While it might not be the most exciting subject in the world, Estate Planning is foundational in every financial plan. We want our money to serve us during our lives, with whatever remains going to our kids and family, to causes we support, and to our community.

Join us as we share strategies to help balance simplicity and effectiveness, that provide for us if we become sick or incapacitated, and that can help reduce taxes, allowing us to make a potentially larger impact on our family and charities we support. We will cover:

• 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

Our money down the road can only go to three places: our heirs, the IRS, or to charity—and many of us have control over how much goes to the IRS. Join us to learn strategies for redirecting what otherwise might go to the IRS to the charities you support. Topics that will be discussed are:

• How to get tax benefits now for gifts that are made to charity sometime in the future
• How to avoid tax on RMDs (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, Capital Gains Bypass Trusts