With the “Build Back Better” Act still sitting in the Senate, taxpayers await the fate of some significant tax changes for 2022. While nothing is more certain in life than death and taxes (thanks Ben Franklin for that witticism), tax law changes can throw a wrench in your financial plan—especially when you don’t see them […]
Preparing for retirement seems to revolve too much around the numbers—how much to save, what and when to withdraw, considering taxes, the type of insurance coverage you need, etc. But whether you’re transitioning toward retirement soon or already enjoying your golden years, it’s important to remember that the numbers—while important—aren’t everything. They’re only one part […]
The 6 Tools of Estate Planning Too often, wills and trusts are seen as the magic wand of estate planning. But no one tool can turn your pumpkin into a carriage (at least not for long). Instead, several tools work together to help make your estate plan the bell of the ball. Let’s take a […]
A Step By Step Guide To A Retirement Spending Plan That Works for You If you’ve saved diligently for retirement, your hard-earned nest egg deserves an intentional spending plan. But as you likely know, it can be challenging to switch from a mindset of saving to spending. That’s why Legacy Wealth works with individuals and […]
Three core concepts that should inform any estate planning decision: honor intent, maximize efficiency, minimize cost and taxes. What do these elements mean, and how can you prioritize them to build an estate plan that best represents your legacy goals?
While investing doesn’t offer guarantees, you want to make sure the strategy you’ve built puts you on a path toward your goals. How can you do that? Determine your investment rate of return. Sure there are averages and estimations you can look at, but what do your numbers say? There are two ways to measure […]
How To Pass Down Wealth In An Efficient And Tax-Friendly Way Your legacy is the centerpiece of your estate plan. Creating a plan that encompasses your vision, hopes, and dreams for the future can be both exciting and overwhelming. On top of leaving memories, habits, and values that hopefully live on for generations, you also […]
Note from the author: Contribution limits have been updated to reflect 2024 limits. The other information in this blog post remains the same as the original post. Between work, family, friends, hobbies, carving out space for yourself, and everything else going on in your life, it’s so easy to let your money fall to the […]
Sure, financial advisors manage your money. But that’s a pretty simple way to look at the world of personal finance. It’s like saying that a contractor remodels your house. Yes, they remodel your home, and to do that, they manage trades, create schedules, help you build the strategy, determine timelines, conduct quality checks, and so […]
Investors are often looking for ways to maximize the wealth-building process. On paper, investing may look simple: buy low and sell high, but markets don’t operate in one dimension. Markets can be volatile, and that volatility means investors may benefit from a strategy for building and sustaining long-term returns. One approach to accomplish this goal […]
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