Is There a Bond Bull Fight in the Post Trump/Pre-Yellen Arena?

With the exception of an increase in consumer spending in liquor sales due to the “despair of Clinton supporters,” the pundits predicted Trump-Ageddon. The experts were wrong again; instead, stock markets soared and bond prices crashed, the latter suffering a ferocious and mind-boggling $1.29 trillion sell-off.  The uncertainty generated by the election has brought about […]

Trumpocalypse? News of Our Demise Has Been Greatly Exaggerated…

Markets fell sharply after Franklin Roosevelt and Barack Obama were elected, and then later both these presidents presided over bull markets.  Their record suggests that Donald Trump won’t necessarily be a market’s boogeyman. The sun has come up; and regardless of your political affiliations, we can all agree that last night’s election night was a […]

Elephants & Donkeys vs. Bulls & Bears…. Oh My!!

The 2016 presidential race has already offered plenty of surprises.  But what could it mean for the economy and the markets; and, ultimately, your financial picture? We’ve got a lot of uncertainties in this election; and if there’s one thing markets hate, it’s uncertainty.  Predictably, the markets have had a bumpy ride that will continue […]

Who Dunnit? Investigating the Culprit in the 2016 Market Turmoil

Well, 2016 has certainly not been dull… I have spent some time fielding concerns from a few exasperated clients, as equities plunged into a sea of red.  But does this recent under-performance in equities, particularly large US stocks, mean catastrophe for your portfolios?  My standard answer is: “not if they are diversified… and patient.”   […]

2015 Year-End Review & 2016 Forecast

PREAMBLE: For those of you who have been anxiously waiting for my 2015 year-end bulletin, I must apologize for the delay. Every time I sit down to compose what I hope to be a useful guide, the market takes yet another dramatic downturn, and compels me to amend yesterday’s draft. One would think in this […]

2015 Final Update: Changes to Social Security Rules

As I explained in a memo to you two weeks ago, major changes have just come to Social Security, particularly to the claiming strategies many people have been talking about for the past few years.  These changes came as a complete surprise to the entire industry, but they also create an opportunity to review your […]

New Budget Creates A Social Security & Medicare Gotcha!

PLEASE NOTE: The purpose of this Update is to provide notification that recent proposed legislation, which was passed by both Houses of Congress, could significantly impact Social Security and Medicare.  When the legislation is signed into law, we will offer our assessment and how it may affect your retirement planning. Usually, legislative changes are a […]

Perspective About Recent Market Turbulence

There are no two ways about it – these last two weeks have been very trying.  Sectors were crushed. Oil slipped below $38 a barrel then shot back up over 27%. Individual stocks broke 52-week lows… then some yo-yoed to new highs. This experience will expose the difference between “traders” and “investors”… and what lessons […]

Legacy Advisors Retirement Income Quiz

Restoring Trust in the Financial Planning Industry

In tumultuous economic times, and after numerous financial scandals and stories of outrageous financial prophets, more than a few fortunes were soon parted from their unknowing owners. The financial services industry has always had a black eye.  A Harris Interactive poll was done a few years ago asking Americans whether they trust the advice they’re […]