Legacy Capital Advisors LLC

If you’re in your 40s or 50s, now is the perfect time to evaluate your financial plan and make sure you're on track for retirement. Consider options like maximizing your retirement contributions, reevaluating your budget, or paying down high-interest debt. It may also be helpful to diversify investments and review insurance coverage to protect your financial future. For a personalized plan tailored to your specific needs, reach out to discuss the best approach to securing your retirement!

As the year winds down, it’s the perfect time to get ahead on your taxes and avoid last-minute stress. Review your financial situation now to identify any potential deductions or credits you might be eligible for. Consider making charitable donations or contributing to retirement accounts before the year ends to maximize your tax benefits. It’s also a good idea to check in with a tax professional to ensure you’re on track and to address any changes in your financial circumstances. Don’t wait until the last minute—taking action now can help you stay organized and potentially save on your tax bill.

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It’s important to clarify what Required Minimum Distributions (RMDs) are and when you need to take them. RMDs are the minimum amounts that you must withdraw from your retirement accounts, like traditional IRAs and 401(k)s, once you reach a certain age. Starting in the year you turn 73 (if you were born after 1950), you’ll need to begin taking these distributions. Failing to do so can result in hefty penalties—up to 25% of the amount you should have withdrawn! Planning for RMDs is crucial for managing your tax liability and ensuring your retirement funds last. It’s a good idea to consult with a financial professional to strategize the best way to handle these withdrawals in the context of your overall financial plan. If you have questions or need assistance with your RMD strategy, we're here to help!

There are several things you can do to help maximize your tax benefits before this year’s end. Here are just a few actions to consider.

September is here, and with it comes the approaching open enrollment season! This is the perfect time to review your healthcare options and ensure you have the best coverage for your needs. If you need guidance navigating the options, our team is here to discuss the right fit for your health and budget. ???? #OpenEnrollment #FinancialWellness

This Veterans Day, let's take a moment to honor and thank all who've served. Their sacrifices and courage protect our freedom. Let's support our veterans today and always. Thank you for your service! #VeteransDay #ThankAVeteran

Ready for No-Spend November? Here are some tips to help you navigate the challenge without feeling like you're missing out: 1. Meal Plan – Prepping meals ahead means less temptation to order takeout or splurge on snacks. 2. Get Creative – Need a fun activity? Host a game night, explore a local park, or start a DIY project using supplies you already have. 3. Track Your Wins – Keep a journal of all the small expenses you avoided. It's a great way to stay motivated! These small changes can help make a big difference in sticking to your goals this month. #NoSpendNovember

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Don't put off what you can do today! This article explores the importance of having a will and estate plan in place. #estateplanning #wills #financialsecurity #CheckingInWithChris