The One Big Beautiful Bill Act (OBBBA) introduced sweeping tax reforms—but many important provisions that affect high-income and high-net-worth individuals remained unchanged. Below are 10 frequently asked questions that clarify what stayed the same under the final law, signed July 4, 2025. 1. Can I make Qualified Charitable Distributions (QCDs) from my IRA to a […] The post 10 Key Planning Rules that Didn’t Change Under the OBBBA appeared first on Heritage Financial Services.| Heritage Financial Services
Inheritance windfalls can bring a complex mix of emotions, psychological challenges, and financial decisions. Understanding the psychological impact of inheritance can help beneficiaries make sound financial and emotional decisions—turning a moment of loss into an opportunity for purposeful planning.| Heritage Financial Services
While financial stability is essential, true success in retirement goes beyond money. It is important to find fulfillment, purpose, and happiness in this new phase of life.| Heritage Financial Services
Heritage Financial Services offers comprehensive wealth management services including financial planning, investment management, and estate planning.| Heritage Financial Services
When the “One Big Beautiful Bill Act” passed, the Social Security Administration (SSA) made an announcement that turned a lot of heads. In it, they stated: “The new law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries”1 That line spread quickly — and so did the criticism. Many […] The post Confusion Over Social Security Taxes and the New Senior Deduction appeared first on Heritage Financial Services.| Heritage Financial Services
Strong earnings season and resilient economy gives way to weak July employment report. Key Observations Market Recap July brought a mix of resilience and recalibration across global markets. Investors navigated a landscape shaped by ever fluent trade policy, ongoing geopolitical tensions and a resilient macro backdrop. Equity markets, for the most part, moved higher, buoyed […] The post Calm Above, Currents Below appeared first on Heritage Financial Services.| Heritage Financial Services
Staying mentally sharp is just as important as having a sound financial plan. Just as you plan for long-term financial security, it’s worth investing in long-term brain health to lower your dementia risk.| Heritage Financial Services
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law, locking in major tax reforms that will impact individuals, business owners, and investors for years to come. It makes permanent most of the 2017 Tax Cuts and Jobs Act (TCJA) tax provisions that were set to expire this year, while […] The post One Big Beautiful Bill Act appeared first on Heritage Financial Services.| Heritage Financial Services
We are proud to be included in Financial Advisor Magazine’s America’s Top Registered Investment Advisor list for 16 years in a row! This year, Heritage Financial Services ranked 147. Awarded by Financial Advisor Magazine July 2025 based on data within a 12-month period ending 12/31/2024. No compensation has been provided for placement on this ranking. Details […] The post Heritage Financial ranked one of “America’s Top RIAs” by Financial Advisor Magazine 2025 appeared first on He...| Heritage Financial Services
Markets gained ground in June, extending the year’s mostly positive performance despite geopolitical uncertainty and evolving policy signals. Volatility surfaced briefly following Middle East tensions, but sentiment stabilized quickly and showed evidence of investor resilience in the face of ongoing global uncertainty.| Heritage Financial Services
Intrafamily loans can be a powerful tool for supporting loved ones while keeping wealth within the family. These private lending arrangements offer potential benefits such as cost savings, estate planning advantages, and flexible terms. But while the opportunities are significant, they also come with important risks and relational dynamics to consider. This article explores how […] The post Understanding Intrafamily Loans: Benefits, Risks, and Considerations appeared first on Heritage Finan...| Heritage Financial Services
The rise of trends like temporary retirement shows that we are changing how we think about things like work, time, and life.| Heritage Financial Services
Heritage Financial performs a variety of services | Financial Planning, Wealth Management and Financial Advice with locations in Westwood, Woburn, & Rockland MA.| Heritage Financial Services
Key Observations Market Recap May brought a welcome change in tone, both in the weather and the markets, as the warmth of spring settled across North America. The initial jolt from April’s tariff announcements faded into more tempered discussions and signs of de-escalation. Investors responded in kind, especially in the growth-oriented corners of the market. […]| Heritage Financial Services
Heritage Financial’s personalized business succession planning services can help you diversify your wealth and maximize the value of your business. Book a consultation today.| Heritage Financial Services
Heritage Financial helps business owners strategize ways to maximize cash savings during working years, and can help navigate the financial implications of a sale.| Heritage Financial Services
Wealthy Behavior is financial podcasts that digs into the topics, strategies, and behaviors that are key to building and protecting personal wealth and living a rich life.| Heritage Financial Services
