Guiding wealth along the path of greatest good.

Guiding wealth along the path of greatest good.

Guiding wealth along the path of greatest good.

We specialize in providing financial planning advice and wealth management tailored specifically for you. While we work with a diverse clientele including foundations and sudden wealth (divorce or inheritance), our focus is clients ages 45 - 65 that are investing for retirement and planning for retirement income. Our value is in helping you develop a financial map and providing support to guide you down the path of greatest good. We are here to help you through life’s pivotal moments; planning for college, divorce, retirement, job transition, and business succession. We will be there for you because these are not merely events in your life, but part of an ongoing process from which you can benefit, grow and thrive.

The Legacy Group, Ltd. is a Fee-Only, independent Registered Investment Advisory Firm head-quartered in Salem, Oregon serving clients throughout the Willamette Valley and Central Oregon. Our advisers are Certified Financial Planner™ professionals. Ray Sagner, CFP®, has been in practice since 1998, joined the firm in 2003 and is the current owner. Ron LeBlanc, CFP®, the firm’s founder, has been in practice since 1982 and recently retired. Take a step towards greater financial contentment and contact us today.

Guiding wealth along the path of greatest good - we take our mission seriously. Wherever you are on your financial journey, we’re here to help.

Services

 

Full-Service Financial Consulting

The Legacy Group, Ltd. offers a variety of financial consulting services.

 

Fee-Only Professional Asset Management

At The Legacy Group, Ltd., all assets are managed on a Fee-Only basis.

Blog

Retirement

by Ray Sagner on Apr 19, 2018

It’s never too early or too late to start planning for retirement. However, in the U.S., when it comes to retirement savings, later seems to be the standard. According to RothIRA.com, only 56% of today’s workers in the U.S. are currently saving money for their retirement, and 38% of those currently saving have less than $10,000 saved. With one-third of Americans admitting that they have no retirement savings at all, it’s clear that many U.S. workers will reach retirement age with little to no resources to count on.

Reasons for this vary, from the disappearance of the company pension to the record number of families struggling from paycheck to paycheck, with retirement savings a distant priority. Millennials are also choosing not to save for retirement, choosing instead to pay off student debt, save for a home, or start a business.

While retirement planning is more than simply putting money aside, it’s pointless to plan for retirement without available financial reserves. The good news is that whatever decade of life you’re in, there are relatively painless ways you can begin to build a decent retirement nest egg.

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How Costly Gaps in Disability Insurance Coverage Can Be Avoided

by Ray Sagner on Apr 12, 2018

A big mistake many professionals make with disability insurance coverage is that they take what is offered, and then buy and forget it. If they purchased it from one of the top insurers for disability insurance, they have probably been assured that they have the best possible protection with an “own occupation” definition of disability. If they work with a good agent, they’ve probably chosen a benefit amount sufficient to meet their personal income needs, and an elimination period that matches their ability to cover a short-term disability.

But that is really just the beginning. Your disability policy is likely to stay with you for decades, during which your financial situation will evolve. What may have been appropriate coverage as a young physician may turn out to be full of holes when you hit your peak earning years. It’s fairly easy for a policy to suddenly have gaps in coverage unless it is set up initially to account for them.

Future Insurability

This option provides the opportunity to increase your benefit amount without evidence of insurability. Without it, you may be forced to buy an additional policy at higher premium rates with the possibility of a health rating if you’re health condition has changed since your first policy.

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Six Questions about Buying Mortgage Life Insurance

by Ray Sagner on Apr 5, 2018

You’ve worked hard and after five years of disciplined savings, you’ve been approved for a 20 year $200,000 mortgage. It’s an exciting time and amongst the financial decisions ahead of you is determining if you should buy the bank-sponsored mortgage life insurance policy recommended by the loan officer.

Bank mortgage life insurance is not required but you both agree that if either of you dies, you want the survivor to receive a life insurance benefit so he/she can pay off the mortgage. 

Here are six questions you should consider when comparing a bank sponsored policy to an individually owned $200,000 20-year term life insurance policy.

What do the policies cost?

Generally, bank sponsored policies are less expensive than individually owned term policies

Do we get to choose the death benefit?

With the bank policy, the original death benefit equals the amount of the mortgage and it declines as the mortgage balance declines. 

You decide the death benefit of individual level term policies and it remains at the original face amount throughout the entire twenty year period. 

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