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At Legacy Wealth Management, we help retirees navigate the complexities of life after work with confidence and clarity. Our team works closely with you to create a coordinated strategy for managing retirement income, minimizing taxes, and planning for health care and long-term care needs.
We review your withdrawal strategy, monitor your portfolio, and guide you through important decisions like Social Security timing, Required Minimum Distributions (RMDs), and estate planning. As your needs evolve, we provide ongoing adjustments and proactive advice to help make sure your financial plan continues to support the lifestyle and legacy you’ve worked hard to build.
Our investment management services begin with understanding your unique goals, time horizons, and risk tolerance. We prioritize your financial needs today while planning for a secure future, applying sound investment strategies and ongoing guidance to help you reach your goals. With our experience in retirement transition, tax planning, and wealth preservation we address every aspect of your wealth to create an integrated financial plan to give you clarity and confidence in your financial journey.
At Legacy Wealth Management, your experience is built on a foundation of trust, transparency, and thoughtful partnership. Our four-step process is designed to give you clarity and confidence in every financial decision, while our core values guide how we communicate, plan, and support your journey. From our first conversation to ongoing adjustments as your life evolves, we combine personalized guidance with proactive strategies—all centered around your unique goals.
Ben and Sarah Johnson are a retired couple in their late-60s who are enjoying the freedom of retirement but want to be sure their financial plan is working as hard as it should. While they’ve done a solid job preparing for this stage of life, they’re uncertain whether their current strategy will fully support the lifestyle they envision in the years ahead.
Ben and Sarah are looking for guidance to help them maximize their retirement income, manage withdrawals and taxes efficiently, and make informed decisions about health care planning. As they look to the future, they also want to explore estate planning options to ensure their wishes are honored and their legacy is protected. They’re seeking a financial partner who can provide clarity, structure, and peace of mind throughout the next chapter of their lives.
Getting to Know the Johnsons
When Ben and Sarah came to Legacy Wealth Management, they had recently retired and were enjoying the flexibility of this new phase of life—but they also had important questions. Were they drawing from the right accounts? Would their savings last? And were they missing opportunities to improve their tax efficiency? Our first step was to sit down and understand their current financial structure, their retirement lifestyle goals, and their concerns. This initial review provided the foundation for a personalized plan that would help them feel more secure and confident in the years ahead.
Creating a Personalized Plan
We began by assessing their income sources, including Social Security, IRAs, and taxable investment accounts. We designed a withdrawal strategy that prioritized tax efficiency and sustainability, taking into account their Required Minimum Distributions (RMDs) and potential Roth conversions. At the same time, we reviewed their investment portfolio to make sure it was appropriately allocated for their stage of life—focused on generating income while managing downside risk.
Implementing the Plan
In addition to income and investment planning, we guided Ben and Sarah through important health care decisions. We helped them understand their Medicare options and projected future health care costs so those expenses could be built into their long-term plan. Knowing that health and longevity planning go hand-in-hand, we also reviewed their insurance coverage and discussed potential long-term care strategies to further protect their assets.
Monitoring Performance
Today, Ben and Sarah continue to enjoy retirement with a renewed sense of clarity and control. Looking further ahead, we introduced estate planning strategies to help them clarify their wishes and begin preparing for legacy transfers. This included reviewing beneficiary designations, discussing charitable giving goals, and coordinating with their estate attorney to align their plan across all fronts. With an integrated plan in place and a proactive advisory team by their side, they know their finances are structured to support the life they’ve worked so hard to create—and the legacy they hope to leave behind.
*Names used in these examples are not real clients. Scenarios presented for illustrative purposes only and not based on actual events.
