If you’re 65 or older, you’re eligible to enroll in Medicare—but this can be a complex process for new retirees. Many make assumptions about what type of care Medicare covers, and it’s often less than they think. Here are some typical costs you’re likely to come across in retirement that Original Medicare doesn’t cover. What […]
For decades, you were in the accumulation stage of life—saving up enough to live comfortably in retirement. Now that you’ve built your nest egg, it’s time to enter the decumulation stage, which can actually feel harder! Creating a withdrawal strategy that matches your unique spending needs and risk profile might not be easy, and it […]
Insurance is designed to provide financial protection for you and your family, but retaining the right amount of coverage can be a bit of a balancing act. Why? Because overpaying for coverage might give away too much of your nest egg to insurance companies. Here are four signs that you may be overpaying on your […]
For many, retirement is an exciting milestone. You’ve worked hard to prepare for this moment, and now’s the time to reap the rewards. But have you ever considered how you’ll spend your newfound free time? Many people focus on the preparation it takes to get to retirement without putting in the time to consider what […]
A Roth IRA is an unassuming powerhouse that brings a lot to the investment table. With tax-advantaged growth, they may play an essential role in developing a well-rounded retirement income strategy. But what else makes these accounts so special? Below we’re reviewing the basics of Roth IRAs and how you can make the most of […]
High inflation impacts all areas of life, from filling up at the pump to grabbing groceries from the store. Inflation is at 8.5% over the past 12 months, the highest level in over 40 years. While higher prices are an immediate sign of the times, inflation also impacts your purchasing power and investments. Given the […]
Investors are facing several concerns right now, and many have impacted the markets—geopolitical unrest, record-high inflation, supply chain issues, and the continuing complications with Covid-19 variants, ebbs, and flows. When market volatility arises, it may go against your gut to stay invested. Why keep your money in something that’s losing? But the truth is, the […]
One of the most common questions clients present to us is, “When can I comfortably retire?” They want to know if the nest egg they’ve diligently accumulated over the years is enough to get them to and through a long retirement. To help, we’ve outlined how you can evaluate your retirement savings needs, “test drive” […]
As you continue building your retirement income strategy, you’ve likely come across annuities. A neighbor may have recommended them, or maybe an insurance agent sent a letter advertising their offerings, or perhaps you saw a too-good-to-be-true ad on TV. So what exactly are annuities? Annuities are financial products that can provide guaranteed income in retirement, […]
After spending decades at a nine-to-five, the idea of retiring early is an appealing prospect for most. In fact, a recent study from research firm Hearts & Wallets found that over a third of people under 54 said they aspired to retire by 55. But how many of them are prepared (financial or otherwise) to […]
If you have questions about retirement planning and want to work with a financial advisor that cares about you and your goals, let’s talk.
Legacy Wealth Advisors | 41700 Hayes Rd., Ste. A Clinton Twp., MI 48038
Phone: 586.273.0072 | Fax: 888.501.2361 | Email: info@legacy-wealth.com