Heritage Wealth Advisors

One of the most widespread investor concerns has been tariffs, and our team is spending a lot of time evaluating what the impacts could be to investors. We hope you find this helpful: A 25% tariff has been imposed on nearly all goods imported from Canada and Mexico; imports from China now carry an extra 10% tariff, bringing the total to 20%; and a global tariff of 25% has been applied to steel and aluminum. These measures could have a significant impact on overall U.S. growth and revenue, but their impact varies widely across different states. In these three maps, First Trust shows who the largest import partners are for each U.S. state, identifies their top export markets, and analyzes the role of trade as a share of state GDP. Source: https://lnkd.in/dSNnwdQq

Happy St. Patrick's day! How did you celebrate this weekend? ??

This past weekend was International Women’s Day, and we’d like to honor this by taking a moment to celebrate all the successful, accomplished women across the globe. But we especially want to shine a light on all the incredible women at Heritage Wealth Advisors! Without each and every one of you, it wouldn’t be possible for our team to be where we are today. All of these women are an essential part of our HWA family, and we’re grateful for an opportunity to recognize their hard work, talent, and dedication. We’re also proud to have been ranked Washington’s #1 Most Equitable Workplace by GEN. Our team is always committed to continue pioneering gender equity and inclusion in our industry, as well as our communities. #CelebratingWomen #IWD2025

Sunday was the beginning of daylight saving time, giving us another hour of afternoon sun and signaling that spring is on its way. Did you remember to set your clocks back yesterday? #SpringForward

Today isn't just Feature Friday—it's also Employee Appreciation Day! We want to shine a light on how invaluable our team is, and how grateful we are for everything we've built together. Without each and every one of you, we wouldn't be able to work together to make such a significant impact on our clients' lives and goals, and on one another as a team. Cheers to our Heritage Wealth Advisors family.

Most tax work is done between March and April and it’s largely for the previous year—after that tax year is over, and after many deadlines have passed, making it a highly reactive process. We believe it’s important to complement that tax work with tax planning that looks ahead. In fact, we’re finding we can drive taxes lower by using that more proactive approach, where we look ahead to future tax years. In our annual tax workshop, we discuss how to get more proactive using strategies to take advantage of before Tax Day, including stacking deductions, Roth conversions, Tax Holidays, and more. Our recap covers the top 10 ways to get intentional about tax reduction strategies, which you can find at the link below. And if you’d like to discuss which of these specific strategies could make the biggest impact on your tax burden before April 20, reach out at [email protected] to set up a free consultation. Read the recap here: https://lnkd.in/dztPri9N

As a wealth management team, we strive to offer a different experience from most mainstream financial firms. Our core differentiators are unique elements of our practice that our clients say bring them value in their planning experience—and our specialist model is one of them. Traditionally, many advisors are on a bit of an island; they’re expected to do all things for all clients, all while watching the stock market, doing trades, keeping up on tax law changes, estate law, Social Security, Medicare—the list goes on. To us, that seems like an impossible set of topics for any one person to stay fully up to date on, which we often see resulting in clients receiving generic and suboptimal advice. Our goal is to provide outstanding advice on a myriad of topics, and to do so, our practice employs a network of specialists that surround our advisors with experience in a variety of areas: tax professionals, estate planning specialists, retirement planners, an investment team, and more. This team-based model offers extra support to our advisors, allowing them to focus their attention on clients. Our clients have told us this model allows them to feel more confident in making financial decisions—particularly the big decisions that they might otherwise procrastinate on. If you want to learn more about the impact our specialist model has had on our clients’ lives—and ways it could possibly add value to yours—drop us a line at [email protected].

Wishing a very happy March birthday to Chelsea, Kani, Crystina & David! We hope each of you has a wonderful time celebrating with loved ones this month.

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 on Friday, March 7, at 10am PST. 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. RSVP for this free event at https://lnkd.in/emMsDvpK to learn more.

If you’re like the average American, you spend more money on taxes than anything else—more than food, clothing and housing combined. And if you’re like the average American, you also pay a higher tax rate than many billionaires. This is why we encourage our clients to take a page from the playbook of some of the wealthiest families in the world, and adopt a more proactive approach to their taxes—one that often drives very different tax outcomes. Watch the video to learn how we help create strategic tax plans that incorporate proactive strategies and actionable steps that have driven significant outcomes for our clients. If getting more proactive on your tax planning is an objective for 2025, drop us a note at [email protected] and we can share which strategies we believe may be most impactful for your particular situation.