Legacy Advisors Wealth Management

The Aged of Aquarius: Social Security & Medicare for Hippies

Can you believe that the oldest baby boomers of the Woodstock Generation, will turn 66 this year? And many are simply unprepared for the purple haze of retirement. When you’re 66, you can claim full Social Security benefits; and at 65 most seniors will file for Medicare. Many advisors presume their clients “look into” Social Security ...

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“Should Auld Acquaintance Be Forgot, and Never Brought to Mind?”

“Should Auld Acquaintance Be Forgot, and Never Brought to Mind?” -excerpt from Auld Lang Syne, a Scottish poem written by Robert Burns in 1788. My response is a resounding YES! Although traditionally this song is used to celebrate the start of the New Year at the stroke of midnight, it is also sung at funerals (ironic) ...

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2011 Legacy Advisors Holiday Brunch – Photo Slideshow

Ron and Sharyn Papa wish to thank all who came to this year’s Holiday Brunch at the Blackrock Golf Club on December 10, 2011 for making the event a very festive one. Here are some photo highlights. Enjoy! And Merry Christmas, Happy Hanukkah, and Happy New Year to all clients and friends of Legacy Advisors!

Important Year-End Tax Reminder

As the holidays approach, we are all looking forward to visits with family and friends, shopping, home cooked meals, and tax planning. What?? Yes, tax planning. While taxes are not due until April, now is the time to make moves that will help you reduce your taxes. To help with this Legacy Advisors has its ...

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Naughty or Nice?

Ever since Gordon Gekko told us that “Greed was good,” Americans have justified their love affair with their stock market investments. This year they have embraced a new mantra: “SIN IS IN.” Believe it or not, “socially irresponsible,” or “vice” stocks – which include, drinking, smoking and gambling stocks – seem to be paying off ...

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When Uncertainty & Unknowing Collide

When Uncertainty and Unknowing Collide If you can believe it, Donald Rumsfeld has stated: “As we know, there are known knowns. There are things we know we know. We also know there are known unknowns. That is to say we know there are some things we do not know. But there are also unknown unknowns, the ...

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Ron Papa’s Thanksgiving Message

Before I get into more somber topics, I want to take this brief moment to wish you all a warm and fulfilling Thanksgiving. As you finalize your Thanksgiving plans, be sure to reserve a seat at your table for an extra guest: Uncle Sam. Have you ever asked yourself how much of the cost of your Thanksgiving ...

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Year-End RMD Tax Alert

It’s that time of year, and we must focus on our Required Distributions from our retirement plans. This alert is simply a reminder to check that your requirement has been fulfilled. As you know, failure to distribute this required amount by December 31 of each year could result in a 50% tax penalty! For our advisory ...

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Semper Fidelis – Always Faithful

The media bonfires are still blazing and this week has provided them the expected quota of dry kindling to keep them smoldering…Herman Cain’s trial by court of public opinion…Rick Perry’s “oops”…Occupy Harvard Yaaad…Italy’s “Crisi Economico”…not to mention the Penn State/ Paterno scandal! What a sensational, undignified mess. How far have we descended into the abyss ...

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Kitchen Table Economics

By: Ronald Papa The debt crisis has brought the government to the “kitchen table” to do something that hard-pressed families do routinely, which is tear their hair out over how to pay the bills. With less than two weeks before a Nov. 23 deadline, Congress’s “super committee” broke new ground this week, as Republicans – for the ...

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