By the Numbers March 2025

By the Numbers || March 2025

Legacy Updates

Save the Date: April 9, 2025

April's event will address how human behavior and cognitive bias influence financial planning. You can RSVP by calling Allison Walker, using the QR code, or via this link.

On the Horizon: Send Legacy A Copy of Your Tax Returns

This allows us to collaborate with you and your accountant to optimize your tax strategy. Articles in the resources section have more information about how to adjust your tax strategy to minimize taxes.

Market Insights

ECONOMY

What we know: The unemployment rate has increased in the second half of the year, climbing from 3.5% last July to the current 4.1%.

What we think: The rise in the unemployment rate appears to be moderating. Recent Fed interest rate cuts may help keep employment steady in the not-too-cold economy.

Resources

HOW TO PREPARE FOR 2025 TAXES

As you go into this tax season, adjust your withholdings and use tax deductions and credits to keep more of what you earn.

You can find out more at the link below.

Read Full Article

CAPITAL GAINS TAX ON HOME SALES: HOW REAL ESTATE TAXES WORK

Home sales can be subject to capital gains taxes, but there are ways to limit or avoid a big tax bill -

If you qualify for the home sale tax exclusion, you may be able to avoid some capital gains tax.
Holding on to a home for longer than a year qualifies you for lower long-term capital gains tax rates, whereas short-term capital gains are taxed at your ordinary income tax rate.

You can find out more at the link below.

Read Full Article

Here's How We Help You

We incorporate your tax information into your financial plan and manage your investment and income sources to avoid triggering a higher tax bracket.

Call Allison Walker at (502) 873-0521 to get an appointment with your Financial Advisor.

Q1 Newsletter

By the Numbers - February 2025

Visit the Legacy Financial Website

Call us at (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

This material is confidential and has been prepared solely for the information of the intended recipient and may not be reproduced, distributed, or used for any other purpose or shared with anyone in any form or format. This has been prepared for you by Legacy Financial Independent Advisors, LLC (“Legacy”), an SEC registered investment advisor. The report contains information from third parties that Legacy believes to be accurate but has not independently verified, and the views expressed by these third parties do not necessarily reflect those of Legacy. Reference to registration with the Securities and Exchange Commission (“SEC”) does not imply that the SEC has endorsed or approved the qualifications of the firm or its respective representatives to provide any advisory services described on the report or that the Firm has attained a level of skill or training. The targets herein reflect analysis regarding potential outcomes, are presented solely for informational purposes and are not guarantees of future performance. Investments in securities are not FDIC insured, are not bank guaranteed and may lose value. Before investing, consider your investment objectives and Legacy charges and expenses. Legacy advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide financial planning with respect to every aspect of a client’s financial situation, they do not incorporate investments that clients hold elsewhere, and they do not provide tax advice. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Nothing in this presentation constitutes an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Legacy is not registered. ADV Part 2. Form CRS.