Broker Check


Investment Management

Do you have a clear understanding of why you currently own the investments in your portfolio and how they align with your overall financial plan? Are you aware of the extent to which your portfolio can capture gains or losses in both up and down markets? Do you fully comprehend the actual risk associated with your portfolio?

It has come to our attention that many individuals claiming to be financial advisors are primarily salespeople disguised as advisors who are solely interested in selling various financial products such as stocks, bonds, mutual funds, ETFs, annuities, and life insurance.

Investment Management

At Legacy Wealth Advisors, we firmly believe that a sound investment strategy begins with a comprehensive protection strategy. You have diligently worked throughout your life to save and accumulate your assets, and it is crucial to avoid unnecessary risks during your retirement years.

While most financial professionals focus on comparing your success to a stock market index that cannot be directly invested in, we prioritize identifying your Personal Retirement Index (PRI). Your PRI represents the rate of return required to accomplish all your retirement goals and aspirations. Do you have a clear understanding of what your PRI is? Our objective is to minimize risk while generating a sufficient return tailored to your family's PRI.

We invite you to receive a complimentary retirement analysis by providing your information below, and a member of our team will be in touch with you promptly.

Tax Strategies

Tax Strategies

Taxes can significantly erode a retiree's wealth, making it essential to have a strategy in place to minimize or eliminate taxes during retirement. While many Financial Advisors emphasize asset allocation, we believe that tax allocation can have an even greater impact on achieving a successful retirement.

How you withdraw your income from your assets will determine the amount of taxes you owe. It's crucial to not only focus on the current year but also the future years when developing a tax minimization strategy. Merely having your taxes prepared is not enough; proactive planning is key.

Has your Financial Advisor implemented any strategies to help reduce your tax burden through the distribution of your assets? Do you know which accounts you should prioritize when spending? If tax strategies haven't been discussed yet, it's unlikely they will be addressed in the future.

Social Security

Whether or not Social Security is your primary source of retirement income, it's crucial to understand that simply accepting your Social Security benefits at face value could result in leaving significant amounts of money on the table.

Client Centered

Initially designed to be a tax-free benefit, Social Security can still retain this status. If you find yourself paying taxes on your Social Security benefits, it means that you have knowingly or unknowingly disqualified yourself from receiving them tax-free. Are you aware of whether you're paying taxes on your benefits, or if you qualify for tax-free status?

To fully maximize your Social Security benefits, it is essential to comprehend how your individual benefits, spousal benefits (or ex-spousal benefits), and survivor benefits (or widow's benefit) are interrelated. By appropriately claiming Social Security in accordance with your financial plan could add an additional hundred thousand dollars or more over your lifetime. This could mean the difference for some enjoying the retirement of your dreams, with the freedom to pursue your goals, leave a lasting legacy for your family, or watching every nickel.

Risk Management

At Legacy Wealth Advisors, we understand the importance of insurance in retirement. It serves as a risk management tool that safeguards you, your estate, and your loved ones.

Too often, we come across individuals who purchase insurance policies without considering how it aligns with their overall financial plan. This leads to wasted funds on outdated or ineffective policies.

Client Centered

Insurance should be seen as a means to protect our assets, but it is also crucial to recognize when self-insurance is a viable option. Have you explored other forms of risk management, such as:

  •  Mitigating higher tax burdens
  • Preparing for inflation
  • Considering longevity and the potential for a longer retirement
  • Planning for market downturns
  • Accounting for the rising costs of healthcare
  • Assessing interest rate risks

When was the last time you stress-tested your retirement plan against these risks to assess their impact on your ability to retire or maintain your retired lifestyle?

Estate Planning

Estate Planning

Have you made arrangements for a will or trust? Have you established a power of attorney? What about healthcare directives? More importantly, have you reviewed and updated your estate plan to align with your current wishes?

When considering what matters most in life, family often takes center stage. Ensuring the preservation of your estate after your passing is one of the most important things you can do for your loved ones.

Without an estate plan in place, your hard-earned assets could become tangled in the legal system for months or even years. This could lead to substantial costs in probate and legal fees, potentially totaling tens of thousands of dollars. Moreover, your estate may face double taxation by the government and cause unnecessary complications for your family.

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