For anyone who relies on an investment portfolio for a significant amount of their retirement income, volatility control is critical to ensuring that the portfolio will survive a long retirement.  On average, a retiree will experience 5 down years in the market during any given 20 year period.  As those who retired in the mid…

The tendency to invest disproportionately in your own country is known as home country bias and is a common inclination for investors all around the world. Note: this tendency is referred to as a bias for a reason – it can lead investors to make decisions that are in conflict with fundamentals. It is easy…

In this edition of our monthly newsletter, we would like to personally thank Legacy Trust co-founder, Bob Prevette. After eleven successful years, Bob will be retiring at the end of June. His valuable expertise combined legal, fiduciary, planning and sales expertise that directly influenced Legacy’s growth. Bob’s unwavering client-first philosophy and ethical leadership provided the…

We sat down with Tom Blower, a Senior Wealth Planner at Legacy Trust, to talk about retirement planning and supplemental retirement income. Q: What is supplemental retirement income and why is it desirable for retirement planning? A: Supplemental retirement income is any additional source of income produced through part-time work after retiring from full-time employment.…

At a prior firm, one of my co-workers introduced me to a husband and wife who had been clients for many years.  The husband was planning on retiring in the next few years and they were going to begin working with me to financially prepare for that next step.  Never did they starve themselves from…

Are you caring for someone that was born with a disability, or a person that has been injured in an accident and requires some extra care? Is there someone in your life that will need ongoing assistance that you would like to help provide for? If you have answered yes to any of these questions,…

I have found in my life that working together to achieve a common goal provides a much better outcome than trying to figure everything out on my own. This same principle has carried over to my experience in the wealth management industry, specifically in providing service to clients. During my time in the industry, I…

If passing your assets to your heirs is important to you, I recommend that you consider reading the book Preparing Heirs:  Five Steps to a Successful Transition of Wealth and Values”, by Roy Williams and Vic Priesser.  I had the pleasure of reading it recently and found the book to be a very interesting study…

It has happened a number of times since I began my career in investment management. The topic of investing is brought up in conversation and it is immediately compared to gambling, where the odds are stacked against you and you only win if you are lucky. Both gamblers and investors share some similarities. Both risk…

My favorite way to pass the time on my daily commute between my home in Lowell and our office downtown is to listen to podcasts as I drive.  One of the best that I have found is Planet Money, a team at NPR that produces short stories about the global economy.  In my line of…