Category: Personal Finance

Are You Ready for Tax Season?

Are you prepared for the upcoming tax season? With deductions, changes in regulations, inflation, and sometimes-uncertain markets, it’s important to take a moment and evaluate your financial position before filing.  Tax season can be an especially stressful time for affluent families and individuals: The filing process often involves numerous documents, scaling hungrily with the size of your income. However, with enough forethought and planning, it doesn’t have to be painful. Whether you’ve yet to begin collecting your tax records or […]   Read More
Date: March 2, 2023

Switching Financial Advisors: Finding A Pro in Connecticut

People hear the words “wealth management” and imagine somebody shuffling piles of gold coins around. Similarly, if they hear someone is “changing investment advisors,” they think it means swapping stock market coaches. The second one is right—because we do provide investing insights—but that’s only a small corner of the larger picture. My goal is to improve your overall financial life.  Of course, this can happen through run-of-the-mill investing. However, it is more often due to interwoven fiscal strategies, like retirement […]   Read More
Date: April 18, 2022

Does Your Financial Plan Need a Check-Up in 2022?

If ever there was a year to review your financial plan, 2022 is it. We’ve come off three consecutive years of solid stock market gains, increasing investor wealth (at least, on paper) even as we continue to plow through the COVID-19 curse.  In other words, you may be experiencing a change in both circumstance and attitude as 2022 unfolds. It’s time to review your high-net-worth investing strategies, your long-term investment plans, and most of all, your post-COVID life priorities.   […]   Read More
Date: February 21, 2022

The Headline Jane Believed and How It Affected Her Financial Future

In my experience as a financial advisor for more than 30 years, I’ve learned that many investors, even confident, successful, high net worth investors, learn by example, like we do in the rest of our lives. Unfortunately, many times, this example is a mistake they make themselves. With this in mind, I’d like to tell you about “Jane,” a well-educated woman I met before the pandemic who agreed to let me share her story. Some mistakes can be quite costly, […]   Read More
Date: November 8, 2021

Getting a Second Opinion – 6 Reasons You Owe It to Yourself

No one blinks when you ask for a second medical opinion. After all, it’s your health and well-being. You can’t be too careful. So why don’t more people seek second opinions on their finances? It’s their financial health and well-being after all. There are many motives for seeking a second financial opinion, and they don’t necessarily imply that you are currently getting bad advice, just like you may not be receiving bad medical advice either. However, if you are, changing […]   Read More
Date: October 26, 2021

7 Reasons You May Want to Switch Financial Advisors

Your financial advisor owes you attentive, personalized service that produces successful results. Unfortunately, some financial advisors tend to take their clients for granted. Others turn out to be disappointments for a variety of reasons. You don’t have to put up with a financial advisor who falls short of your expectations and requirements. Instead, you can exercise your prerogative to switch to a new financial advisor who will provide you the treatment you deserve. How? Check out our new guide: Switching […]   Read More
Date: August 9, 2021

Heritage Capital Warns: 5 Common Mistakes Made with Social Security

Social Security is a cornerstone element in many retirement plans. It’s also a complex beast, and inattention to details can lead to costly mistakes. Planning how and when to claim your Social Security benefits should start well before age 62, the first year you can receive payments. By starting early and understanding all of your options, you’ll be better positioned to extract the maximum value from your Social Security benefits. While Social Security won’t be your only source of income […]   Read More

A High Net-Worth Financial Planning Tip: 6 Times to Revisit Your Budget

Few things are more personal than your budget. Among other things, a budget is an attempt to impose order upon an unpredictable future. Your budget should reflect your priorities and your financial circumstances, both of which can shift over time. Affluent, high net worth professionals have many opportunities for setting, achieving and revising goals that are sensitive to dynamic changes – whether it’s responding to unanticipated events or fulfilling a long-held dream. Given the central role your budget plays in […]   Read More
Date: February 8, 2021

Do You Really Need a Financial Advisor? Investing Mistake #1: Not Considering Inflation!

As a financial advisor in Woodbridge, CT, as well as the founder and president of Heritage Capital, I see some of the same dangerous mistakes made by DIYers (and sometimes bad financial advisors) when putting together a financial plan. It is not properly factoring in the detriments of inflation. Inflation is a general rise in prices over time, which reduces your purchasing power. In other words, it cuts your standard of living. It’s been tame for years, but don’t be […]   Read More

New Year’s Resolutions: Using What We Learned From 2020 (And 1986)

The year 2020 will not soon be forgotten. For some, the market created significant new wealth. But for many folks, the year was terrible in terms of health and finances. Even so, it’s an ill wind that blows no good, so we would do well to pay attention to the year’s hard-learned lessons. Perhaps the best way to do this is to apply some new wisdom to our 2021 New Year’s resolutions. Another year worth studying is 1986, leading up […]   Read More