Legacy Solutions, Inc.

Should You Buy Long-Term Care Insurance? The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may be for you. Who needs it? As we age, the odds increase that we'll need some form of long-term care at some point during our lives. And with life expectancies increasing at a steady rate, the likelihood o...Continue reading

September Market Recap Key Points: Stocks took a breather in September after gaining over 50% from the lows of March. Big tech names led the market down as their valuations and over-concentrations may have come into question. The Federal Reserve remains committed to lower rates for the next few years. ...Continue reading

Here are some ways the Sandwich Generation may face the issues of the future: Here are some ways you can prepare now for the issues you may face in the future: Start saving for the soaring cost of college as soon as possible. Work hard to control your debt. Installment debts (car payments, credit cards, personal loans, college loans, etc.) should account for no more than 20 percent of your take-home pay. Review your financial goals regularly, and make any changes to you...r financial plan that are necessary to accommodate an unexpected event, such as a career change or the illness of a parent. Invest in your own future by putting as much as you can into a retirement plan, where your savings (which may be matched by your employer) grow tax deferred until you retire. Encourage realistic expectations among your children; their desire to attend an expensive college will add to your stress if you can't afford it. Talk to your parents about the provisions they've made for the future. Do they have long-term care insurance? Adequate retirement income? Learn the whereabouts of all their documents and get a list of the professionals and friends they rely on for advice and support. See more

What challenges does the Sandwich Generation face? Your parents may need assistance as they become older. Higher living standards mean an increased life expectancy, and you may need to help your parents prepare adequately for the future. If your family is small and widely dispersed, you may end up as the primary caregiver for your parents. If you've delayed having children so that you could focus on your career first, your children may be starting college at the same t...ime as your parents become dependent on you for support. You may be facing the challenges of "boomerang children" who have returned home after a divorce or a job loss. Like many individuals, you may be incurring debt at an unprecedented rate, facing pension shortfalls, and wondering about the future of Social Security. See more

The Sandwich Generation: Juggling Family Responsibilities At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed in the middle, you've joined the ranks of the "sandwich generation."

June Market Recap: Despite a rocky month, the S&P500 finished June higher marking one of the best quarters for domestic stocks in decades. Global economies continue to slowly open and test limits with upticks in coronavirus cases and corresponding closures Elevated volatility will likely persist throughout the November elections and potentially beyond The stock market remained rather volatile in June but finished higher, closing one of the best quarters for domestic sto...cks in decades. The S&P500 finished the second quarter up 20.54% as investors looked beyond the fragile reopening of economies, a historical lack of earnings guidance from companies and pockets of social unrest across the country. Technology stocks (+7.14%) continued to lead the market higher in June, followed by consumer discretionary (+4.99%) and materials (+2.16%). Utility stocks (-4.67%) were the worst performers with concerns about falling power demand and the ability for consumers to pay their bills with high rates of unemployment. Healthcare (-2.38%) and energy (-1.3%) were also significant laggards. See more