Events

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

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

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

Healthcare is one of the biggest expenses of our lives, and the top expense of retirement, according to AARP. The average 65-year-old couple retiring in 2022 will spend $315,000 in healthcare and medical expenses over the course of their retirement, according to Fidelity. Still, many people don’t do a lot of extensive planning before filing for Social Security and Medicare. But with all the minutiae and technicalities around these processes, it’s essential to take a proactive approach to evaluating the options and how they fit in with your retirement income.

If you have the opportunity to draw on Social Security or enroll in Medicare in the next 10 years, join us for a virtual workshop on Maximizing Social Security & Medicare. We’ve partnered with a benefits expert—Laci Moyer Vice President, CFP, RHU—to answer questions about top strategies for optimizing the benefits from both systems, as well as avoiding common mistakes. During the workshop we’ll cover:

• Social Security basics and top strategies like restricted applications, suspending benefits, the “do-over,” and the Survivor Reset
• The various Medicare plans and how they’re different: Part A, Part B, Part D, Medigap, and Part C
• Potential benefit increases you could see with these strategies

There is so much money and risk we can help you with strategies for. Our goal is to help you learn how to get the most out of these systems you’ve contributed so much into over your working years.

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

Many investors are tired of investing in companies that have unethical or costly business practices, and want to support companies that are making a positive difference. Such investors often cite a sense of inspiration around “doing good” socially and environmentally and want to align their values with their investing. This is where ESG and Impact Investing portfolios come into play.

Join us for a virtual workshop where we’ll learn strategies on how to invest in a way that aligns with your values, as well as the benefits of socially responsible and ESG investing. We will cover many topics, including the below:

• Why socially responsible and ESG investing is exploding in popularity and why most financial advisors aren’t responding yet
• How to avoid companies that have high levels of pollutants, hike drug costs by over 500%, open accounts and charge customers without authorization, have horrible customer service and Glassdoor ratings, produce products known to cause cancer, and more
• How to support companies that have raised human rights standards, have board and executive diversity, have gone carbon neutral, have raised the bar on employee health and safety, and more
• Case studies of companies that are making a positive impact
• Looking at investment performance when using responsible investments
• Easy ways to invest for impact in your brokerage account or IRA

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

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

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

Wealth is a mindset. Let’s build it together.

“Teach the children so it will not be necessary to teach the adults” —Abraham Lincoln

Money can’t buy happiness, but it affords us the ability to buy two things that the wealthy say are far more important than money: Freedom and Time. Join us as we discuss tips and strategies to build our Wealth Mindset, and tactics for making the best money decisions we can, with the resources we have.

We don’t teach kids about money in school, and so most young adults are sent into the world with little to no formal education in how to make smart money decisions. Join us and bring your kids for a discussion around some of the most important financial concepts that will not only help put them on a better trajectory but leave them excited about making better financial decisions.

Wealth is a mindset. Let’s build it together.

“Teach the children so it will not be necessary to teach the adults” —Abraham Lincoln

Money can’t buy happiness, but it affords us the ability to buy two things that the wealthy say are far more important than money: Freedom and Time. Join us as we discuss tips and strategies to build our Wealth Mindset, and tactics for making the best money decisions we can, with the resources we have.

We don’t teach kids about money in school, and so most young adults are sent into the world with little to no formal education in how to make smart money decisions. Join us and bring your kids for a discussion around some of the most important financial concepts that will not only help put them on a better trajectory but leave them excited about making better financial decisions.