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Blog (Page 9)

Personal Finance Blog

The personal finance blog by Legacy Insurance Agency. Stay up to date on financial issues. Scroll down for our latest blog and archives.

You can increase your knowledge and improve your Financial Intelligence by reading our blog. Read the latest financial news, and learn financial strategies for achieving financial success.

Personal Finance

Personal finance entails the management of income and expenses over time. Individuals can manage their family’s cash flow and savings to build wealth, similar to how a business may manage their finances to earn profits. Financial management may involve credit cards, mortgages, insurance, retirement, savings, taxes, risks and life events.

Our Mission

Our mission is to enrich the lives of families by providing a process for them to maximize their financial security by avoiding the eroding factors of money, and to promote financial intelligence by educating others with specialized knowledge.

Increase your financial education and improve your Financial Intelligence by expanding your knowledge and you will increase your opportunities for success. Reading books and learning from others’ experience is the easiest way to build your knowledge base, check out our bookstore.

VLOG – Legacy Money

Learn more, subscribe to our YouTube channel: www.youtube.com/legacymoney


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What Is a Multi-Generational Trust?

A multi-generational trust, also known as a dynasty trust, allows families to preserve wealth for future generations. It offers advantages ...
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Who Needs Disability Income Insurance?

Who Needs Disability Income Insurance?

Who Needs Disability Insurance? It's easy to think that we don't need disability income insurance. But what's not easy is ...
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Infinite Banking Savings System

Infinite Banking Savings System How To Save $3,000+/Month with Infinite Banking (Full Breakdown) In this post and video, I'm going ...
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Family Banking Master Class

Family Banking Master Class - Video Training on Demand DISCOVER How To START A Family Bank and STOP Depending on ...
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Prepare for Risks

How To Prepare for Risks and Uncertainties with Life Insurance

How To Prepare for Risks and Uncertainties with Life Insurance You can prepare for life’s uncertainties and risks with life ...
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5 Smart Ways to Spend Your Tax Refund

5 Smart Ways to Spend Your Tax Refund Tax Refund - First posted by GuardianLife When you get a big ...
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Retirement Savings

Saving for Retirement Considering retirement savings, we must take the time to plan for the future. There are too many ...
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Best Disability Insurance for Physicians

Disability Insurance Made Especially for Physicians What is the best disability insurance for physicians? While there are many types of ...
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Retirement Income Distribution

Retirement Income Distribution – How To Retire with More Spendable Income

Retirement Income Planning for your retirement income distribution can be tricky. Ultimately, most people want predictable income or cash-flow to ...
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Cash Value, Whole Life Insurance for Today

Cash value, whole life insurance can provide certainty in an uncertain world. And once in-force, you can start using it ...
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Retirement Planning with Life Insurance

Retirement Planning with Life Insurance by Barry Page, RFC and IBC Practitioner You can do your own retirement planning with ...
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Join Legacy Money Live! For 2024 Legacy Money will resume our livestreams. Join us on Wednesdays for fresh, new content ...
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Running With the Bulls The Bull's are out, but how long can this bull market run?  If you've been waiting ...
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Risks of Disability

The Risks of Disability What are the risks of becoming disabled? When most people consider disability, they picture something catastrophic ...
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Your Bank

Financial Independence with Your Bank Take control of your finances with your own bank. Having your own bank sounds great, ...
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5 Steps To Financial Independence

2017-01-03
By: Barry Page
On: January 3, 2017
In: Finance, Financial Independence, Financial Planning, Infinite Banking, interest, Life Insurance, Retirement, Retirement Income, saving, Taxes, Whole Life Insurance

5 Steps to Financial IndependenceHow To Create Wealth and Freedom Financial independence is truly that, freedom to do what you want on your schedule without depending on the banks or government. But, what if everything you’ve been taught about money and finance wasn’t true? That’s a bold statement, but when you realize that the deck is stacked in favor of the banking system and the government, you can start to understand. If What You Thought to Be True Turned Out Not To Be How you create and store your wealth is your decision. Unfortunately, we’ve been told since birth to… So, our decisions on howRead More →

How To Save

2016-09-22
By: Barry Page
On: September 22, 2016
In: Finance, Life Insurance, Permanent Life Insurance, saving, Whole Life Insurance

How To Save More and Create Wealth Why Life Insurance Is The Best Place To Park Money How to save more and create generational wealth using the power of life insurance. Saving money today can be difficult, especially since in recent years artificially low interest rates have punished savers. The economy has also taken a squeeze on income and ordinary people are saving less and being subjected to unnecessary risk. Thus, the lines have been blurred between saving and investing, making it difficult to determine the best place to park money. Saving money and investing money are two entirely different things. They have different purposes, and can result inRead More →

Life Insurance Awareness Month

2016-09-07
By: Barry Page
On: September 7, 2016
In: Uncategorized

Life Insurance Awareness Month Life Insurance Awareness Month September 2017 is pleased to have Danica Patrick to Serve as National Spokesperson Race car Driver Shares Personal Reasons to Buy Life Insurance and Helps Educate Americans on Importance of Financial Protection National PSA Featuring Patrick Hits TV and Radio Airwaves This Summer Arlington, Va. – Professional race car driver Danica Patrick hopes she can motivate people to take a fresh look at their life insurance needs this fall when she serves as spokesperson for Life Insurance Awareness Month. The annual campaign, which takes place in September, is coordinated by the nonprofit organization Life Happens to encourageRead More →

College Tuition Costs

2016-07-21
By: Barry Page
On: July 21, 2016
In: College Funding, College Planning, Life Insurance, Money Solutions, Permanent Life Insurance, Taxes, Uncategorized, Whole Life Insurance

College Tuition Costs How To Pay for College College tuition costs are growing at a significant rate. Paying for a child’s or grandchild’s college education tomorrow requires forward thinking and planning today. Keep reading and learn how to pay for college in the most effective way. In the past five years, the average inflation-adjusted cost of tuition and fees has risen by 27% at public four-year colleges and 14% at four-year private colleges. This has left the average yearly cost for a private four-year college at $30,094.1 How should parents or grandparents save for tomorrow? Let’s examine two ways these adults can save for a child’sRead More →

7 Tips for Financial Wellness

2016-07-11
By: Barry Page
On: July 11, 2016
In: Life Insurance, Retirement

7 Tips for Financial Wellness Financial Wellness – Good health, not wealth should be at the core of your decisions about money. As any wise person will tell you — and many have, from the Roman poet Virgil to Gandhi — health is wealth. The irony is that the converse is also true — a growing body of research suggests that financial problems actually can lead to health problems. Financial stress has been shown to cause anxiety, migraines, sleep disorders and other physical ailments including high blood pressure and heart disease.1 And it’s not a rare occurrence. A 2012 survey by the American Psychological Association (APA)Read More →

Declare Financial Independence

2016-06-30
By: Barry Page
On: June 30, 2016
In: debt, Finance, Infinite Banking, Inflation, Life Insurance, Money Solutions, Taxes, Whole Life Insurance

Declare your financial independence July 4th! This is the birthday of our nation and the historic signing of the Declaration of Independence.Read More →

Your Greatest Asset

Your Greatest Asset

2016-05-11
By: Barry Page
On: May 11, 2016
In: Disability Insurance, Finance, Financial Planning, Retirement, Retirement Income

Your Greatest Asset

Your ability to earn an income is your greatest asset. If that income is interrupted… even for a brief period… What would happen to your lifestyle?

Most people understand the need to insure themselves from theft, fire and the risk of death… But too often they are leaving an even greater risk totally unprotected, the risk of disability.Read More →

market risk

Market Risk and Volatility

2016-03-28
By: Barry Page
On: March 28, 2016
In: Annuities, Financial Planning, Life Insurance, Money Solutions, Permanent Life Insurance, Retirement Income, Whole Life Insurance

Overcoming  Market Risk and Volatility Are You Comfortable with Risk? Market risk and volatility can sometimes cause a phobia or even worse… Are you comfortable with risk? Perhaps you have developed risk-a-phobia to investing, or the reluctancy to invest in yourself because of market losses and fear. There is a cure, and we have the prescription for retirement to help you overcome the fear and volatility of the unknown. Permanent life insurance and annuities provide the perfect combination to help you guarantee that what you want to happen will happen. With these tried and true financial products, you can rest assured knowing that you and your familyRead More →

Financial Goals

2016-01-14
By: Barry Page
On: January 14, 2016
In: Disability Insurance, Finance, Financial Planning, Life Insurance, Retirement, Taxes, Uncategorized

How To Achieve Your Financial Goals This YearFinancial Planning in 4 Easy Steps Start your year off right and take the necessary steps to achieve your financial goals. You can use the tools, strategies and products that are readily available to help you achieve success with your financial goals. Financial Hurdles The biggest hurdles people seem to have with getting started with their financial planning is knowing what to do and who to trust. There are so many financial products available and so many voices that it’s easy to get overwhelmed and do nothing. So, you have to start with dialog, talking about your financial concerns and goals. It’sRead More →

Happy New Year! Money, Politics and What To Do

2016-01-04
By: Barry Page
On: January 4, 2016
In: College Funding, debt, Life Insurance, Permanent Life Insurance, Taxes

Happy New Year from Legacy Insurance Agency! Money, Politics and What To Do I hope you’ve had an amazing and Happy New Year! So I wanted to write this post to encourage you, and to follow-up on some of the posts I’ve made online and in blogs recently… As expected when speaking about politics and money, I’ve definitely struck a nerve. In fact, I was surprised more than anything, by the amount of POSITIVE feedback I’ve received. BUT, most people are so scared of “offending” someone that they won’t even comment or share my posts. I’m also disappointed that so many people still don’t “get it”. Here’s whatRead More →

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Writing On the Wall

"The current fiscal policy is unsustainable. We are heading to a future where we'll have to double federal taxes or cut federal spending by 60%." David Walker, Comptroller General of the United States "The fate of the world economy is now totally dependent on the stock market, whose growth is dependent upon about 50 stocks, half of which have never reported any earnings." Paul Volcker, 1999, former Federal Reserve Chairman "My friends, there is good news and bad news. The good news is that the full faith and credit of the FDIC and the U.S. Government stand behind your money in your bank. The bad news for you, my fellow taxpayers, is you stand behind the U.S. Government." L. William Seidman, former head of the Federal Deposit Insurance Corp. (FDIC) "In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population." Ben S. Bernanke, Chairman of the Federal Reserve System "Because the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits." Paul O'Neill, former Treasury Secretary "As a nation we have already made promises that we will be unable to fulfill." Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

Readers asked…

How can life insurance help during retirement?

“Life insurance is a private contract between the owner and an insurance company. In exchange for a payment, the insurance company is legally obligated to provide you with benefits pursuant to the contract. Specifically, these benefits can be utilized to pay expenses for long term care, as a hedge against inflation, and as a regular, predictable, and reliable income stream for life.

It’s basically a private contract that allows you to have your dollars work harder.

The primary reason people buy life insurance is to protect their loved ones from loss, however perhaps it’s best kept secret is that it can be used to provide a steady, tax-free stream of income during retirement.

There are various types of life insurance: term, permanent, universal, variable and index. Each has its own benefits, and should be configured to fit your goals.”
~Barry Page

Contact Information

Legacy Insurance Agency, PLLC
2600 Government St
Ocean Springs, MS 39564
(228) 875-5545 phone

www.legacyinsuranceagency.com 

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