Events

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

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

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

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.

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

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