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capital gains taxes
Tax Planning

Understanding Capital Gains Taxes and Planning

Capital gains taxes might seem like a complex concept reserved for Wall Street professionals, but they affect most investors and many homeowners. Understanding capital gains taxes can help you make informed decisions and retain more of your earnings, whether you’re

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mission
Economic and Financial Digest

Mission Accomplished? – July 2024

In the spring of 2022, the Federal Reserve embarked on a mission to wrestle inflation under control without sinking the economy. At the time, the Fed’s preferred inflation measure, the core Personal Consumption Deflator, increased at 5.5% year-over-year, and the

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Chart Check

Small Caps Roar – July 2024 Chart Check

Recognizing the crucial role of data in contemporary society, the investment team at Legacy has adopted a graphical approach for rapid and efficient information conveyance. Utilizing charts and graphs, we can represent large data sets, illustrate trends and changes over

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Required Minimum Distributions
Retirement Planning

IRS Finalizes Rule on Required Minimum Distributions

The IRS has finalized its proposed rule concerning required minimum distributions (RMDs), detailing requirements for distributions from qualified retirement plans, such as IRAs, during the plan participant’s lifetime and after their passing. Overview of Required Minimum Distributions Required Minimum Distributions

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CrowdStrike
Cybersecurity

The CrowdStrike Outage & Safeguarding Financial Records

CrowdStrike, a leading cybersecurity technology company, specializes in endpoint protection, threat intelligence, and cyberattack response services. Renowned for its innovative approach, CrowdStrike equips businesses with comprehensive tools to prevent, detect, and respond to security threats. Their Falcon platform employs artificial

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check fraud
Scam Avoidance

Navigating Fraud: A Guide for Consumers

Banking scams are a persistent threat, necessitating vigilance and proactive measures to ensure financial safety. Individuals can protect their finances and personal information by staying informed about common scams and diligently verifying transactions. Below is a brief overview of prevalent

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Teen
Financial Planning

Setting Your Teen Up for Financial Success

As your teen receives their first paycheck from a summer job, it’s a significant milestone on their journey to adulthood. This moment marks the beginning of their financial independence, and how they manage these earnings is equally critical. Guiding your

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beneficiary designations
Estate Planning

The Importance of Regularly Reviewing Beneficiary Designations

One crucial step often overlooked when planning for the future is regularly reviewing and updating beneficiary designations on retirement accounts and life insurance policies. This process ensures that your assets are distributed according to your current wishes, avoiding potential legal

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