Back to School: Getting Your Financial House in Order

August 4th, 2020 by Legacy Wealth Planning

The abrupt end to the 2019-2020 school year in many parts of the U.S. left parents and students alike struggling to establish healthy routines. As many students prepare to head back to the classroom (or the remote classroom) this fall, what steps can parents take now to get their houses in order? Learn how dependent […]

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Risk Management and Your Retirement Savings Plan

June 25th, 2020 by Legacy Wealth Planning

By investing for retirement through your employer-sponsored plan, you are helping to manage a critically important financial risk: the chance that you will outlive your money. But choosing to participate is just one step in your financial risk management strategy. You also need to manage risk within your account to help it stay on track. […]

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Paying for College and the Impact of COVID-19

June 25th, 2020 by Legacy Wealth Planning

With the coronavirus shutting done educational institutions and moving classes online, the face of education across the country has changed. While the focus has been primarily on completing the educational requirements to get K through 12 students through the end of the year, colleges and universities have been particularly hard hit as well. Not only […]

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Should You Pay Off Your Mortgage or Invest?

June 25th, 2020 by Legacy Wealth Planning

Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college […]

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Six Steps To Take Control of Your Financial Health

June 25th, 2020 by Legacy Wealth Planning

Similar to taking care of your personal health by proactively incorporating healthy habits and annual checkups, you can also take control of your financial health when you are proactive and engaged in managing your finances. And also like your physical and mental health, your financial health requires an ongoing commitment and focus in order to […]

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How to Make Savings Last Longer in Retirement

June 9th, 2020 by Legacy Wealth Planning

Whether you dream of a travel-filled retirement or would prefer to relax and enjoy spending more time at home, you’re probably wondering what you can do to make your golden years as stress-free as possible. For many who have spent the last several decades in wealth-accumulation mode, withdrawing savings can trigger anxieties about the future. Some […]

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Hats Off to Public Service Workers During the Coronavirus

June 9th, 2020 by Legacy Wealth Planning

While many people have been furloughed and others are working from home, public service workers have continued to show up at work every day as the coronavirus spreads through the United States. During Public Service Recognition Week and Firefighter Day this May, we’d like to take a look at the tireless efforts these people are […]

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Considerations for Charitable Giving

June 9th, 2020 by Legacy Wealth Planning

Any endeavor worth undertaking, especially one that may affect others, deserves our careful consideration before we begin. When contemplating charitable giving, think about the following points: Choose Your Causes. Worthy causes abound and regularly solicit our time and money. Choose a few organizations that focus on areas that are meaningful to you, and then research […]

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Annuity Basics

June 9th, 2020 by Legacy Wealth Planning

An annuity is a contract between you, the purchaser or owner, and an insurance company, the annuity issuer. In its simplest form, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary. Life insurance companies first developed annuities to provide income […]

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Ideas for Reducing the Cost of College

June 5th, 2020 by Legacy Wealth Planning

Encourage your student to think about their future financial self Mid-August is the time of year that our kids pack the U-Haul and head to college. And while they’re excited about a brand-new semester, it can be frightening to see the cost – and rising college debt – that comes with the college experience. What […]

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