Equities’ high growth potential makes them an important tool to achieve your financial goals. If you’re looking for a financial planning service in Palm Beach, it’s worth discussing whether equities are right for you. Let’s cover what you should keep in mind as we enter 2022: how equities performed last year, why three of the biggest wealth management companies feel bullish about them, and what you can do to add them to your portfolio. How Did Equities Perform in 2021? While the year came with many challenges, the stock market performed reasonably well. Looking at some of the market’s biggest ..read more

Investing in West Palm Beach is a great way to grow your wealth, but it’s important to keep some fundamentals in mind to get the best results possible. Luckily, there’s a lot of advice out there, some of it from the savviest investors the world has ever seen. There are many pieces of wisdom you should consider when managing your investments. Learn just a few of the strategies that investment leaders use to grow their wealth. Who Should You Turn to for Investment Advice? A lot of people want to make money. How do you stand out from the rest of the pack? It helps t ..read more

People have more ways to invest than ever before. If you’re retirement planning in West Palm Beach, you may be wondering which investment options are best suited to your needs. While everyone’s situation is different, bonds are a common way to mitigate risk while making money in the long-term. In this article, we’ll discuss everything you need to know about municipal bonds, including how reliable they are, and how current political events may impact their desirability. We hope this helps you determine how best to prepare your finances for retirement. Wh ..read more

Throughout the investment industry and financial media sources, we constantly hear the message that our money should be diversified. By spreading assets throughout several different vehicles, we can take advantage of various market opportunities while helping protect them from some investment risks. At Legacy Financial Partners, our wealth management services in Palm Beach Gardens are designed to minimize your risks through diversification and consolidation strategies. Understanding Diversification What is it? At its core, diversification of investments ..read more

A regular topic of discussion between clients and personal financial strategists in West Palm Beach is Social Security’s role in retirement planning. There’s a lot of confusion about how one should view these payments in the context of their retirement fund. To add to the uncertainty, the Social Security Trust Fund is about to undergo some significant changes.   With that in mind, let’s take a closer look at how you should be thinking about social security and the implications of the pending changes.  Understandin ..read more

Healthcare is one of the biggest concerns for most people reaching retirement age. A health scare or unforeseen visit to the hospital can result in steep bills and a significant dent in your bank account. For many Americans, Flexible Spending Accounts and Health Savings Accounts have provided practical solutions for their healthcare concerns. Recent legislative changes have affected the way these accounts work. Here’s what you need to know about how these changes may influence your financial retirement in West Palm Beach.  Understanding FSAs a ..read more

Financial professionals and economists have been talking about the “graying of America” and the retirement crisis for the past couple of decades. Now, it seems, things have reached a tipping point. This massive demographic shift is having a palpable effect on the economy at large, and by extension, personal finances. Let’s go over what is causing this change and how it can affect your retirement planning in West Palm Beach.   Historical Context  Following the Second World War, thousands of Americans returned home to a sprawling ..read more

By most metrics, the U.S. economy seems to be making a comeback after taking a substantial hit in the early days of the pandemic. Part of the resurgence is fueled by the stimulus approved by Congress and delivered to Americans in 2020 and early 2021. The effects of the stimulus on the economy carry some valuable lessons for personal financial strategists in West Palm Beach. Here’s what you need to know.      Why The Checks Were Necessary  Although we are not entirely through the pandemic, higher rates of vaccinations and easing restri ..read more

The U.S. stock market functions on speculation. The perceived future value of a particular industry can have a powerful effect on the national economy. That is to say that when enough people believe a sector is at the brink of growth, that hivemind can trigger a rising tide that lifts all ships. Finding the early signs of growth is the job of an investment advisor in Palm Beach. But what happens when a significant event influences the outlook for the entire economy?    If there’s one thing that can move the economy and stock market forward, it’s hope. This ye ..read more

One of the more glaring lessons of the 2020 pandemic was that the economy and the stock market are not the same things, nor do they necessarily move in lockstep. They are measurements of two different aspects of the national economy, often indicating how the other will react. However, as we saw last year, the economy is a more significant indicator of how Main Street is doing, while the stock market is more a reflection of Wall Street and investing in West Palm Beach.  The day-to-day performance of major stock indices, such as the S&P 500 a ..read more