Financial Planning Information

Sherman Wealth provides financial planning information to give you the resources you need to make informed financial choices.

March 24, 2017
Stormy sea

A Rate Hike from the Fed Doesn’t Mean a Panic Hike for You

Last week the Federal Reserve raised its key short-term interest rate to a range between .75% and 1%, the first increase this year and the highest it has been since the Fed lowered rates in response to the financial crisis of 2008. Why does it matter? This rate determines the interest rate at which the banks themselves borrow short term. The increase in the banks’ rate is then passed on to their borrowers, through climbing […]
March 17, 2017
Divorce

Don’t let Financial Differences Lead to Divorce

Financial differences rank among the leading causes of divorce among couples, both young and old. The statistics are alarming, but perhaps not surprising. How we handle money is not usually a topic of that comes up while we are dating. As a result most couples don’t discuss financial compatibility before saying “I do”. When the honeymoon is over, though, and the bills start rolling in, couples often experience a reality check. While love is grand, […]
February 6, 2017
financial plan

Your Financial Plan Depends on More Than Your Age

Your Financial Plan We live in a time of great personal freedom when we have the opportunity to choose our own life goals and paths. While it’s true that very few 26-year-olds are likely to be retiring, you might be that lucky one who just sold an app to Facebook and is considering philanthropy. While most people start families in their 20s or 30s, you might be that 40-year-old who’s just about to adopt a […]
January 23, 2017
Fee-Only Financial Planning

Know the Difference between Fee-only vs. Fee-based Financial Advice?

Confused about the difference between Fee-Only Financial Planning and Fee-Based planning? You’re not alone. Financial planning jargon can be daunting when you’re just getting started. Understanding the difference between Fee-Only and Fee-Based, however, is important and could be the key to your long-term planning success. What is Fee-Only Financial Planning? Fee-Only financial planners are legally registered as investment advisors and have a fiduciary responsibility to you to create a plan in your best interest. Fee-only […]
January 9, 2017
new financial plan

Should you “Inaugurate” a New Financial Plan on January 20th?

Time for a New Financial Plan? The market’s wild ride after the presidential election might have you wondering if a change in leadership should mean a change in your financial strategy. While no one can ever predict with certainty what will happen to the market – or even on Twitter these days – there are two important points to remember. It Matters Less than We Think The first is that there has been a long-term […]