These days, “recession” is by far the most frequently uttered word on financial news networks. It’s a term that evokes fear and loathing. But what defines an economic recession and what lay in its wake can cover a broad spectrum. It’s Not the Stock … [Read more]
Legacy Financial Strategies is a fee-only Financial Planning & Investment Management firm located in Leawood, Kansas serving the greater Kansas City area and clients across the country. For over 20 years, we've been assembling one of the most capable teams in the business. Our experts are true fiduciaries—never selling products, never receiving commissions, and always acting in your best interest. Nothing makes us prouder than seeing the lasting impact sound planning can have on you and your family. We'd love to hear your story and learn more about what you're trying to accomplish for your family, your business, or yourself.
We've built our website as a resource to our clients and those in search of answers. Retirement accounts, tax rules, investment vehicles, and employer benefits can be overwhelming without a place to go for answers. Within our website, you'll find relevant information about retirement planning strategies, investment techniques, and some of the more complex topics you may or may not choose to use yourself. Whether you choose to hire a partner or go it alone, we're glad you've found us and hope the videos, blog posts, and other resources we've provided can point you in the right direction.
The Government Just Forgave Billions in Student Loan Debt. Do You Qualify?
Last week, the White House announced a plan to forgive up to $20,000 of debt relief for borrowers who qualify. The move was met with both celebration and criticism. Those who agree with the president say that the cost of an education burdens too … [Read more]
Posted by Mike Wren
Stop Spending Your HSA Dollars
When it comes to medical expenses, the amount we spend each year feels pretty out of our control. We can’t just choose to avoid sickness and injury. How we pay for these unpredictable expenses, however, is something we have a say in. Employers may … [Read more]
Posted by Mike Wren
Choosing a Financial Advisor
Full disclosure: I am a financial advisor. I’m also the owner of a firm whose business success is predicated on consumers choosing to pay us for advice. What follows will not be an unbiased opinion. However, after 21 years in the advice business, … [Read more]
Posted by Mike Wren
Market Commentary July 2022
Highlights: There are few places for investors to hide this year. The sell-off in stocks has almost reached the extremes seen in 2020 and 2008. Stocks typically hit bottom prior to recessions. Gasoline prices are driving negative … [Read more]
Posted by Chris Proctor
How To Give to Charity From Your IRA Without Paying Taxes
When visiting your CPA at tax time, they probably ask you about any donations you may have made. Afterward, you may hear them talk about deductions, adjusted gross income, itemizing, standard deductions, and other exciting tax terms and financial … [Read more]
Posted by Mike Wren
Market Commentary May 2022
Highlights: Inflation has continued climbing, but the growth rate is expected to peak. Concerns of a recession and stock valuations have added to volatility. Investor sentiment is the worst it’s been since 2009, just before the stock … [Read more]
Posted by Chris Proctor
Why a Big Tax Bill Doesn’t Always Mean Your Investments Performed Well
Kids love surprises. When I was little, I remember how I felt when my parents told me we were going someplace, but it was “a surprise.” I knew it was something good. They weren’t going to surprise me with a trip to the dentist or a tetanus shot at … [Read more]
Posted by Mike Wren
Is This a Bad Time to Buy a Home?
If you’re in the market for a new home, you’ve undoubtedly experienced the frustration of what realestate professionals call a “seller’s market.” By May, Zillow predicts homes will be worth 21.6% more on average than they were a year ago. Talk about … [Read more]
Posted by Mike Wren
The Truth About Tax Brackets
How many times have you been warned to be careful about “pushing yourself into the next tax bracket” as if this might awaken the flying monkeys at the IRS to whisk you away to the wicked witch’s castle? Is it really a big deal? Sometimes it can be, … [Read more]
Posted by Mike Wren
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