Hemington Updates

February 2024

Hemington Newsletter

Hemington’s Tax Updates

Tax season is upon us! In this newsletter, we share information to help you navigate this tax season and prepare for the year ahead, including an update on tax documents at Schwab; higher limits for retirement account contributions, gifting, and other tax provisions; and a way to pay your tax bill online. As always, please reach out to your Hemington team if you have any questions.

Download our Special Tax Newsletter Here (PDF 250kB)

Winter 2023–24

Hemington Newsletter

SECURE 2.0 Updates

The Setting Every Community Up for Retirement Act 2.0 (SECURE 2.0) law was passed in 2022. SECURE 2.0 has over 90 provisions with various effective dates. For 2023, one of the most notable provisions for many retirees was the delay in required minimum distributions (RMDs) to age 73. Below are several SECURE 2.0 provisions that are effective “beginning after 2023,” and one provision that is delayed.

Download our Winter 2023-24 Newsletter Here (PDF 5.4MB)

Summer 2023

Hemington Newsletter

U.S. Recession — Are We There Yet?

The prediction of an impending U.S. recession seems to be a perennial topic. According to a recent Wall Street Journal article, most experts expect a recession in the U.S. within the next few quarters (if we are not there already)… and we have heard a similar refrain for the past several years. With these unsettling headlines, many investors are concerned about the impact a recession could have on their portfolio.

Download our Summer 2023 Newsletter Here (PDF 2.1MB)

February 24, 2023

Special Tax Edition – Hemington Newsletter

The SECURE Act 2.0 & Tax Planning

There has been much ado about the SECURE Act 2.0.  Passed into law as part of the year-end omnibus bill, this new retirement law will impact tax planning.  The SECURE Act 2.0 builds on the SECURE Act and is much longer with over 90 provisions.  Although none of its provisions are (arguably) as impactful as the elimination of the stretch IRA, the sheer volume of provisions means that the law may impact more people.  We have summarized key provisions; many become effective in 2023, and others will be phased in over the coming years.

Download our Special Tax Edition Newsletter Here (PDF 1.7 MB)

Winter 2022

Hemington Newsletter

Making Sense of the Bond Market

This year has been challenging for investors. While investors generally expect a bumpy ride in equity markets, the bond markets have given an unexpectedly difficult ride, too, with the worst performance for fixed income on record. Never before has the Bloomberg U.S. Aggregate Bond Index experienced three negative quarters in a row, as bond prices have taken a hit. The reward? Fixed income investments now offer higher yields, which investors have been clamoring for over the past decade.

Download our Winter 2022 Newsletter Here (PDF 2.5MB)

Spring 2022

Hemington Newsletter

Understanding the Cryptic in Cryptocurrencies

The prefix crypto- is derived from an ancient Greek word meaning “I conceal” or hidden or secret. This is an appropriate starting point for a discussion of cryptocurrencies. Since the first one, Bitcoin, was mined in 2009, there remains much misunderstanding of what cryptocurrencies are and what role, if any, they could play in a portfolio.

Download our Spring 2022 Newsletter Here (PDF 3.2 MB)

February 14, 2022

Special Tax Edition – Hemington Newsletter

2021 Income Tax Season

Tax season is upon us once again – and experts are warning that taxpayers should brace for a difficult filing season. The Internal Revenue Service (IRS) opened its tax filing window on January 24th, over two weeks earlier than in 2021, because, it said, limited funding and continued Covid challenges could cause delays. As of December 31st, the IRS had a backlog of 6 million unprocessed individual returns, far higher than the more typical 1 million unprocessed returns at the start of a usual tax season.

Download our 2022 Special Tax Edition Newsletter Here (PDF 1.7 MB)

Winter 2021

Hemington Newsletter

Giving Back

Growing up, my parents always reminded us to save, give, and spend—in that order. It’s a lesson that enabled all eight of us to not only be financially responsible but also to prioritize helping others. As the CEO of Hemington, I want to share with you our company plans for giving back.

Download our Winter 2021 Newsletter Here (PDF 1 MB)

Fall 2021

Hemington Newsletter

High Net Worth Estate Planning Considerations 

The lifetime federal estate tax exemption of $11.70 million – the amount that each person can transfer without incurring federal gift or estate taxes – is the highest that it has ever been. For many high-net worth families, this has created a tremendous opportunity for passing wealth to the next generation. However, this window may soon close.

Download our Fall 2021 Newsletter Here (PDF 1.5 MB)

Summer 2021

Hemington Newsletter

A Year in Review

The past year was unprecedented — everyone agrees. On March 13, 2020, a national emergency was declared in response to the COVID pandemic. No one knew what the virus would mean for our health, the economy, or our investments. Governments mandated the closure of schools and nonessential businesses, and people were told to stay home, causing unemployment to skyrocket and GDP to plummet. At the same time, the U.S. went through what was arguably the most contentious election in our lifetimes, and oil prices hit the bottom of the barrel with the first negative oil futures. To say there was considerable uncertainty as an investor would be an understatement.

Download our Summer 2021 Newsletter Here (PDF 1.4 MB)

February 2021

Hemington Newsletter

Dividends in the Age of COVID

An astute client recently reached out to us to find out why the couple’s dividend payouts in 2020 were significantly less than in prior years – and more importantly, would they be able to take their usual portfolio distributions? This is a great question, and we thought it would be helpful to broadly share our response. (Spoiler alert: The answer is yes.)

Download our February 2021 Newsletter Here (PDF 811KB)

December 2020

Hemington Newsletter

After The Election: Planning Amidst Political Uncertainty

Election day is finally over; however, the balance of power remains unclear. Joe Biden is the President Elect while control of the Senate will not be decided until the January 5th runoff elections in Georgia. The outcome of the balance of power in Washington and its implications for significant tax law changes are top of mind for many.

Although the political landscape is unclear, there are four fundamental concepts that remain prudent elements of thoughtful portfolio management as we transition into 2021.

Download our December 2020 Newsletter Here (PDF 754KB)

November 2020

Hemington Constant Contact

Bringing Joy to Elderly Parents During the Holiday Season

Ami Shah, MBA, CFP®, details in her article some interesting ideas for bringing joy to those who are especially affected by the current pandemic circumstances.

Download our November Article Here (PDF 361KB)

September 2020

Hemington Newsletter

The Election

The upcoming election is top of mind for many of us. Who will be elected president in November? What party will control Congress? And how will the outcome of the election impact the economy and my portfolio?

While election predictions are notoriously unreliable (hello, 2016!), we can look back to see how the market performed during prior presidencies. As the graph below shows, historically the stock market continues to climb regardless of which party is in control.

Download our September 2020 Newsletter Here (PDF 949KB)

May 2020

Hemington Newsletter

Market Returns After High Unemployment

As governments continue to restrict businesses’ activities with mandated closures and social distancing measures to combat COVID-19, it’s no surprise that unemployment has increased exponentially. According to the U.S. Department of Labor, unemployment claims for the week ending April 11th were 5.2 million, bringing the total number of coronavirus-related claims to over 22 million (chart below). In March the unemployment rate rose to 4.4% from 3.5%, and is expected to jump as the Bureau of Labor Statistics incorporates recent unemployment claims in its April unemployment rate.

Download our May 2020 Newsletter Here (PDF 835KB)

February 2020

Hemington News Update


On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement Act, or SECURE Act as it’s commonly known. The SECURE Act went into effect on January 1, 2020, and is being touted as one of the most important changes in retirement planning in recent history. In this Newsletter we highlight some of its key provisions.

Download our February 2020 News Update Here (PDF 400KB)

October 2019

Hemington News Update

Eileen O’Connor, Thought Leader Of The Year

We are proud to share that Eileen O’Connor, Hemington’s CEO and co-founder, received one of wealth management’s top distinctions in 2019. Eileen was recognized for her significant contributions as an industry Thought Leader and for changing the landscape of financial advice.

Download our October News Update Here (PDF 1.3MB)

June 2019

Hemington News Update

Not Just A Great Place To Work – A Best Place

Hemington is proud to announce its recognition by InvestmentNews as a 2019 Best Places to Work for Financial Advisers.

Download our June News Update Here (PDF 960kb)

February 2019

Hemington News Update

The Hemington We often get asked “Who is Hemington?” The most popular theory is that Hemington is my maiden name (it’s not), so I thought we’d devote some newsletter real estate to remind our clients of where the name came from.

Download our February News Update Here (PDF 1.0Mb)

November 2018

Hemington News Update

‘Tis the Giving Season! Because of the recent tax law changes, the charitable deduction has now become more important than ever before. It is one of few itemized deductions to remain unchanged and can be used as a powerful planning tool for many taxpayers. Below are three tax planning strategies to help you maximize the effectiveness of your charitable donations.

Download our November News Update Here (PDF 1.5Mb)

September 2018

Hemington Fall Update

2018 Tax Law Changes. While taxes were on everyone’s minds earlier this year when tax reform was making headlines, now is the time to focus on yearend planning in light of the Tax Cuts and Jobs Act. Beginning in 2018, significant tax changes were made that may impact the amount of income tax you will owe going forward.

Download our Fall Update Here (PDF 238kb)

June 2018

Summer Planning with Hemington

Wisdom from Warren Buffet: “The light can at any time go from green to red without pausing on yellow”.

Download our Summer Update Here (PDF 3.4Mb)

December 2017

What’s New at Hemington

With the end of the year quickly approaching, we would like to take a moment to share with you what is new at Hemington Wealth Management.

Download our Announcement Here (PDF 137kb)

August 24, 2017

Summer Updates From Hemington

As the summer season comes to an end, we are sending an important estate planning note for those of you with adult children headed off to school. We are also delighted to announce the launch of our third Women of Wealth study – Breadwinner Women Part II, focusing on the unique issues faced by women lawyers. Finally, we are honored by the recognition Hemington has received in recent months as a leader in the RIA industry.

Download our Summer Updates Newsletter Here (PDF 992kb)

April 26, 2017

What’s New at Hemington

There is a lot going on at Hemington Wealth Management, including an office move in Tysons and a new office in Chicago. Please read on for important company updates and information.

Download our Announcement Here (PDF 328kb)

November 14, 2014

Hemington Wealth Management adds Denis O’Sullivan, CFP® as Managing Director

Tysons, VIRGINIA — Hemington Wealth Management (“HWM”) announced today that Denis O’Sullivan, CFP® has joined the firm as Managing Director.

Download Full Press Release Here (PDF 143kb)

October 26, 2014

Eileen O’Connor Named Top Wealth Manager by Washingtonian

Tysons, VIRGINIA — Washingtonian magazine names Eileen O’Connor of Hemington Wealth Management top wealth manager for the fourth time.

Download Full Press Release Here (PDF 143kb)