Legacy Wealth Management

Investment Management, Annuities & Retirement Insurance Plans, Financial Planners

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(843) 416-1118Call Visit WebsiteVisit Website Map & DirectionsDirections210 Wingo Way Ste 300Mount Pleasant, SC 29464 Write a ReviewWrite Review

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Hours

Regular Hours

Mon - Fri:	8:00 am - 5:00 pm

Places Near Mount Pleasant with Investment Management

Charleston (4 miles)
Sullivans Island (7 miles)
James Island (8 miles)
Saint Andrews (9 miles)
Charleston Heights (9 miles)
North Charleston (9 miles)
Isle Of Palms (10 miles)
Dorchester (10 miles)
Pierpont (14 miles)

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Extra Phones

TollFree: (877) 415-1118

Phone: (843) 416-1113

Payment method

amex, cash, debit, discover, master card, visa

Other Link

https://legacywm.com

Categories

Investment Management, Annuities & Retirement Insurance Plans, Financial Planners, Financial Planning Consultants, Financial Services, Investment Advisory Service, Investments, Stock & Bond Brokers

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Details

Phone: (843) 416-1118

Address: 210 Wingo Way Ste 300, Mount Pleasant, SC 29464

Website: https://legacywm.com

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Legacy Wealth Management

Tax Planning
Feel confident once filing season comes around with a strategic tax planning approach that keeps your numbers in order so no detail falls through the cracks.
Charitable Giving
For instance, if you participate in charitable activities that involve up-front expenses, these may be deductible on your tax return. Whether you purchase canned goods for a food drive or supplies for a local school fundraiser, your contributions are deductible. If you drove your car for charitable causes in 2022, you can also deduct 14 cents per mile and the cost of tolls. You must keep a detailed log and receipts for these types of charitable giving.
Tax Services
If you’re like most people, your taxes represent one of your largest annual expenses, yet often little or no planning is done to minimize your tax bill. Careful tax preparation and planning can free up money that you can use to achieve your goals.
Roth IRA
For example, a $50,000 withdrawal from a Roth IRA will have a wildly different tax impact than that same distribution from a traditional IRA. Creating a tax plan can help you strategically withdraw from your various retirement accounts and reduce your tax liability.
Tax Deductions
For small business owners, tax season can be overwhelming. If you’re looking for ways to minimize your tax liability, be sure to discuss these six often overlooked tax deductions with your accountant or CPA.
Income Tax
Do you live in a state with high-income tax but are considering retiring to a state with no income tax, like Florida? Deferred compensation plans help you save on your tax bill by allowing you to put more money into your plan and potentially lower your tax bracket while you are working. You will not owe federal income tax on the funds contributed until they are withdrawn in retirement, typically when you are in a lower tax bracket. Additionally, if you are planning on moving to another state without an income tax for retirement, this could also provide some tax savings.
Tax Deferral
Imagine having the flexibility to save and grow your wealth while enjoying potential tax advantages. That’s the allure of deferred compensation plans, a popular option for high-income earners seeking to optimize their financial strategy. However, as with any financial decision, there are pros and cons to consider. From the potential for tax deferral and enhanced retirement savings to the complexities of vesting and timing, navigating the option of deferred compensation requires careful consideration.

Investment Management
With all the market volatility of the past year, chances are you have either considered or actually attempted to time the market to avoid a loss. It’s human nature to try to predict market trends and capitalize on them. But the truth is that trying to time the market hardly ever works, and there are more productive ways to approach investment management.
Mutual Funds
IRAs are accounts you open and can control, which means you have quite a few investment options. There are generally more stocks, bonds, mutual funds, and index funds to choose from as compared to what your ESRP offers. Employers select a certain number of investment options to offer and that is all you get. You tend to have more flexibility with where your money is invested with an IRA.
Bonds
Wealth Management
Navigate the Tax Game With Confidence! Here Are the Top 6 Ways to Plan Your Taxes. — Legacy Wealth Management

Accounting Services
As a business owner, you have to wear many hats. From bookkeeping to inventory management to customer service, you’re doing a lot. Too often I see business owners get sucked into areas that aren’t their specialty and end up spending too much time on tasks that aren’t helping them grow their business. You started your business to do what you love, not all the other tasks that can bog you down. By working with a financial professional that specializes in helping small business owners, you can take some items off your plate so you can focus more time on growing your business. We can help you...
Cash Flow Analysis
Bookkeeping Services

Financial Planning
We are firm believers that anything is possible, and whatever challenges that come up along the way simply exist to guide us in the right direction. When it comes to financial planning, you can only be so proactive. However, by putting strategic measures into place, you’re able to overcome any issues and obstacles with ease and confidence. Explore the different scenarios you might find yourself in — and the strategies we would recommend.
Retirement Planning
As a small business owner, it can be hard to save for retirement when there are so many other aspects of your business to worry about. Running the day-to-day operations tends to take top priority, meaning retirement planning can end up at the bottom of the to-do list.
Annuities
Many small business owners are hesitant to work with advisors because they don’t want to be sold products like whole life insurance or annuities. The reason so many firms focus on settling these products is because they pay the advisor a higher commission. But they may not always be right for the client. I am a fee-only fiduciary, meaning that I am legally obligated to act in your best interest and I will always seek the option that’s best for you. Without commission incentives in the picture, I’m able to deliver recommendations that solely serve your best interests.
Long Term Care
The even better news is that even if you are not 65 or enrolled in Medicare, you can still deduct the cost of healthcare (and long-term care) premiums if you are self-employed and not covered by an employer health plan.
Asset Management
College Funding
You may have heard the saying “The days are long but the years are short.” If you are a parent, you understand this all too well. If your kids are young, you may not be thinking about college just yet, but before you know it, they’ll be touring campuses and filling out applications. That’s why it’s important to plan ahead. If you haven’t started saving for college, there’s still time. One of the best ways to set aside funds for this important milestone is with a 529 college savings plan. In this article, I discuss some features of this plan as well as important changes made in 2024 to the 529 college savings plan.

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