When you start to consider if investing is an appropriate option for you, you may have questions. You might want to ask: How do I invest money, and where?How much money will I need?What are some common strategies for someone that has never invested before? It’s OK to have questions. Investing can be a challenging […]
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In the U.S., men are investing and accumulating wealth at a greater pace than women, fueling the gender investing gap. Closing the investing gap is essential so that women accumulate enough retirement assets for their entire lives. On average, women in the U.S. have a life expectancy of 80.2 years compared to men having a […]
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Did you know that insurance companies typically consider your credit history, whether positive or negative, when you apply for auto or homeowners insurance? Insurers may use your credit information when deciding whether to approve your insurance application and when determining the premium you’ll pay. Why does your credit history matter when you apply for insurance? […]
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Everyone should have a savings account. Savings are important so you can work toward your financial goals and have funds prepared in case of an emergency. Having multiple savings accounts can be a good idea, too, one or more of which could be a high-yield savings account. Use this guide to help you determine if […]
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What is business tax planning? When starting a business, you must consider a number of tax-related issues. Although business tax planning is a complicated area, it is essential to understand three major topics: tax consequences when the business is formed, tax consequences when the business generates income or loss, and tax consequences of business distributions. […]
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Looking for ways to save “I love you” on Valentine’s Day? Then you may want to consider opening a spousal individual retirement account (IRA). This gift says, “Let’s grow old together comfortably,” and shows your partner that you care about their financial wellness. Beyond that, a spousal IRA offers the following advantages. 1. Investment Opportunities […]
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With healthcare costs continuing to rise, there are ways to help lower the cost of healthcare for yourself by becoming a wise consumer of healthcare. February is National Wise Health Care Consumer Month and a great time to empower people to make smart choices regarding their healthcare. Here are a few ways that you can […]
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Whether you’re one to set ambitious New Year’s resolutions or simply use the beginning of the year to reset on a few habits, there’s almost always some value in reflecting on the past year before looking ahead. The same is true for the markets. When we look back on 2022, it’s easy to identify the […]
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When you own a business, you get to deduct business expenses from your business income. This general rule applies, subject to certain limitations, whether you are a sole proprietor with employees or a self-employed freelancer working in the gig economy. The Internal Revenue Service (IRS) allows you to claim tax deductions for expenses that are necessary […]
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Waiting For New Highs
March 1st, 2023 by Legacy Wealth PlanningFinancial markets have experienced quite a bit of change this year in just two short months. We started the year hopeful that stocks would benefit from a better economic and monetary policy environment by the spring, but recent developments suggest that may be further out than we initially thought. We remain confident that a new […]
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