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]
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]
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]
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]
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]
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]
Market Commentary February 2022
Highlights: Economic growth continues to be strong since the rebound in Q3 of 2020. Supply chain issues will ease… but when is anyone’s guess (and it would be a guess). Inflation is not likely to remain elevated — our base case is 2.5% … [Read more]
Budgets vs. Spending Forensics — Which is Right for You?
Another new year is upon us, and as bizarre and surreal as the last two years have been, Jan. 1 always inspires resolutions. Habits related to fitness, finances, and relationships all seem to be on the chopping block once the ball drops. In terms … [Read more]
Legacy Welcomes Jeff Hrabe to the Team
The new year has brought new talent to Legacy Financial Strategies. We are pleased to announce that Jeff Hrabe, CMFC®, has joined Legacy as a financial advisor. Jeff has over 15 years of investment industry experience working with firms such as … [Read more]
My Long-Term Care Premiums Are Going Up!
How did long-term care insurance become what it is today? Long-term care insurance became popular in the 1990s. As baby boomers watched their parents struggle through their final years, they were appalled by the cost of care and the loss of control … [Read more]
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