How to Protect Your Wealth as You Get Older

September 14th, 2020 by Legacy Wealth Planning

As you get older and closer to retirement, your financial practices need to shift slightly as you transition from working and saving to relying on your nest egg. As you approach this stage of your life, you need to take steps to protect your wealth. Keep these tips in mind.  1. Shift Toward More Conservative […]

Read More

How Much Life Insurance Do You Need?

September 9th, 2020 by Legacy Wealth Planning

Your life insurance needs change as your life changes. When you are young, you may not have a need for life insurance. However, as you take on more responsibility and your family grows, your life insurance needs increase. Your needs may then decrease after your children are grown. You should periodically review your needs to […]

Read More

National Life Insurance Awareness Month

September 4th, 2020 by Legacy Wealth Planning

September is National Life Insurance Awareness month. And while most of us likely recognize that life insurance provides us peace of mind and security, there may be a few things you don’t know. Life Insurance is Not Just for the Young Many people – but not enough – will buy life insurance in young adulthood. […]

Read More

COVID-19 Delaying Your Retirement Date?

September 2nd, 2020 by Legacy Wealth Planning

Recent surveys have indicated that many of us are rethinking our retirement plans because of COVID-19. In fact, one survey from the nonprofit group Life Happens suggests that a whopping 43% of Americans say they plan to postpone and continue working past their retirement date because of COVID. As a financial professional, this is troubling […]

Read More

I’m Changing Jobs. What Should I Do With the Money in My Plan?

August 25th, 2020 by Legacy Wealth Planning

Changing jobs is an important decision — one that many of us are making more often. Once you’ve decided to switch jobs, your next move is to determine what to do with the money in your former employer’s retirement plan. Four Common Options Generally, you have four options or a combination of options for handling […]

Read More

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 […]

Read More

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. […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More