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

529 Plans

by Ray Sagner on May 24, 2018

Started in 1996, 529 plans provide tax incentives for those saving for post-secondary education. The plan allows funds saved to be used at any eligible education institution, which typically includes colleges, universities, vocational schools or any post-secondary educational institute that is currently eligible to participate in U.S. Department of Education student aid programs. Operating much like at 401(k) or IRA, funds deposited into a 529 plan are not taxed, either by the federal government or the state in which the participant resides.

529 funds can be withdrawn for post-secondary education expenses such as tuition, fees, books, and room and board. Along with tuition and related costs, computer technology costs such as the purchase of a laptop computer, or Internet access can be paid for with withdrawals from the plan.

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A Summary of 2018 Tax Changes

by Ray Sagner on May 17, 2018

The Trump administration’s new tax reform bill was signed into law in December of 2017, representing the first major tax change in over 30 years. The changes are significant and are likely to affect nearly everyone in some measure; some positively, while others may find themselves with a higher tax bill in 2018. All of the changes represented in the new tax bill will be in effect through 2025.

The first major change was the reduction of the tax rate in six out of seven tax brackets.  Only the 10% tax bracket remains the same. The 15% bracket was reduced to 12%, the 25% bracket reduced to 22%, and the 28% bracket now 24%. For instance, in 2017, a married couple that has $163,000 in income and files jointly would fall into the 28% tax bracket. In 2018, that same income level puts them in the 22% tax bracket; a significant reduction. However, for a single taxpayer who earns $350,000 a year will see their tax rate jump from 33% in 2017 to 35% in 2018.

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Four Things You Need To Know About Group Life Insurance

by Ray Sagner on May 10, 2018

The Human Resources representative asked you to review a stack of paperwork before your new employee benefit orientation meeting. Understanding that this is your first of what research indicates will be about twelve jobs, you figure now would be a good time to learn what you can about Group Life Insurance.

Group Life Insurance is a term life insurance benefit provided by your employer at no cost to you. The employer is the policy owner and pays the premium for a single contract that provides a life insurance benefit to its employees. The premium is income tax deductible by the employer as an ordinary business expense.

Companies frequently offer the benefit as a multiple of the employee’s annual income. One or two times annual income is common. No medical questions are asked, no medical exam is required, and the employee chooses the beneficiary.

Some group plans have a supplemental group life insurance benefit. This benefit allows the employee to purchase coverage in addition to the benefit paid for by the employer. Often times the supplemental group life insurance premium is higher than the premium for an individually owned term policy.

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