By the Numbers || August 2024

Legacy Event Calendar

You’re invited to our fall Client Seminar



The Hidden Costs of Aging


Tuesday, September 24, 2024

6:00 p.m.

80/20 at Kaelin’s

1801 Newburg Road

Heavy hors d’oeuvres/drinks


In partnership with

Franklin Templeton
Click here to RSVP

Or call Allison Walker at 502-873-0521.

Market insights

ECONOMY

What we know: July's unemployment rate has increased each of the past 4 months and has climbed from 3.5% last July to the current 4.3%.


What we think: The rise in the unemployment rate is indicating a significant slow down in the economy and increases the likelihood of a recession before year end.

Start saving early for education expenses

The average cost of education might surprise you


According to the Education Data Initiative, the average cost of college education has more than doubled in the 21st century. At $38,270 per student per year, and a compound annual growth rate of 4.11%, it's never too early to start saving.

If considering a private K-12 education, click here to learn about the costs of private schools. (Hint: it's half that of a private university.)

Student loan debt impacts individual choices plus overall economy


We help parents save to send their children to college without taking out a student loan. For some, however, a loan is necessary, especially when pursuing private college and graduate degrees. This can weigh on decisions after graduation.

Click here to read how student debt impacts:

  • Studentsdelay in homeownership, marriage, children, investing for retirement.
  • Economyfewer new businesses, lower rates of homeownership, reduction in consumer spending.
The Vaulta perfect repository for tax documents

We ask that you send us the first two pages of your 2023 tax return. What better place to store important tax documents than in the Vault, within your Client Access account.

To learn more about this useful resource and how to set it up, watch a helpful 1:21 minute video.
Q2 Newsletter
By the Numbers - July 2024
Visit the Legacy Financial Website
502-873-0521
Bruce McCrea - (502) 873-0522 or bmccrea@legacyfia.com
Bryan McCrea - (502) 873-0523 or mccreabs@legacyfia.com
Chris McCrea, CFP® - (502) 873-0524 or cmccrea@legacyfia.com
TC Falkner, CFP® - (502) 873-0526 or tcfalkner@legacyfia.com
Sheree Bollinger - (502) 873-0527 or sbollinger@legacyfia.com

Providing peace of mind for your financial future
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