Amidst Stay-At-Home, Learn Money Mindfullness

May 2nd, 2020 by Legacy Wealth Planning

Using money to enhance your life and the lives of those around you Money matters are complex and even scary. How you choose to approach finances mentally is key to mastering them. Financial professionals call this “money mindfulness.” And it’s a mentality that can be worked on while we’re following the current “stay-at-home” orders of […]

Read More

Life Insurance at Various Life Stages

May 2nd, 2020 by Legacy Wealth Planning

Your need for life insurance changes as your life changes. When you’re young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities once again begin to diminish, your need for life insurance may decrease. Let’s look at how your […]

Read More

11 Ways To Help Yourself Stay Sane In A Crazy Market

April 24th, 2020 by Legacy Wealth Planning

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact […]

Read More

The April 15th Tax Deadline is Now July 15th

April 16th, 2020 by Legacy Wealth Planning

You don’t need to file by April 15th and you should think about the benefits The U.S. Department of the Treasury is delaying the April 15th deadline to file and pay taxes by 90 days, giving individuals and businesses another 3 months to file and then pay the government what they owe. What Should You […]

Read More

Retirement Assistance Within the CARES Act

April 9th, 2020 by Legacy Wealth Planning

In late March 2020, as the number of novel coronavirus cases in the U.S. surged past 100,000, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law.1 The CARES Act provides around $2.2 trillion in aid to businesses and individuals who have been impacted by shelter-in-place orders, government-mandated business closures, and large-scale job losses. […]

Read More

What Is in the $2 Trillion Relief Package?

March 28th, 2020 by Legacy Wealth Planning

The United States has more cases of the coronavirus than any other country, and in an attempt to stop the spread of this disease, states have closed schools and businesses throughout the country. These unprecedented shutdowns have pushed many people out of work, hurt businesses, and brought much of the economy to a screeching halt. […]

Read More

Avoiding COVID-19 Scams

March 26th, 2020 by Legacy Wealth Planning

Scammers, fraudsters, and other criminals are taking advantage of rapidly changing data and facts associated with COVID-19, both in the workplace and in our homes. Government agencies, corporations, and news outlets continue to warn individuals to be mindful of increased fraudulent activities during these uncertain times. These scams, which can be sent via email, text […]

Read More

Coronavirus Concerns? Consider Past Health Crises

March 18th, 2020 by Legacy Wealth Planning

During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.6% on the first Monday in March1. By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of the coronavirus (COVID-19) and […]

Read More

Beyond Retirement: What About Your Other Goals?

February 26th, 2020 by Legacy Wealth Planning

Let’s say that at the age of 25, you earned $35,000. If your salary increased at the average historical rate, you’d have earned nearly $2 million in total by the time you were 65.1,2 That might sound like a lot — until you begin thinking about all the financial goals you’ll need to juggle in […]

Read More

Retirement Plans for Small Businesses

February 12th, 2020 by Legacy Wealth Planning

As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you’re allowed a deduction for contributions you make to an employer-sponsored retirement plan. In return, however, you’re required to include certain employees in the plan, and to give a portion of the contributions you make to those participating […]

Read More