Financial Planning Information

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

May 23, 2017
Start saving early for college

Saving for College and Wondering about your Options?

For many parents, the Spring months are full of happy news, as high school seniors announce their college choices. For parents of younger children, however, those happy announcements may make them wonder if they are being savvy about starting to save for college. One thing any parent will tell you is that time flies. Before you know it, your toddler will be taking the SATs. And one thing any financial advisor will tell you is […]
April 26, 2017

Do Potential Changes to the Fiduciary Rule Mean Trouble for You?

A year ago the Department of Labor expanded the number of financial advisors required to adhere to the fiduciary standard for retirement asset and accounts. This was clearly good news for investors. Adoption has now been delayed, however, and the future of this consumer protection is not clear. Fiduciary means “Trust” The word “Fiduciary” (from a the Latin word for “something inspiring trust”) describes a category of registered independent investment advisors who – like Sherman […]
April 12, 2017

5 More Financial Mistakes to Avoid in Your 20s and 30s

You’ve made the commitment to start “adult-ing,” a very important first step. Don’t start to build from the roof down, though: make sure that you’re laying a strong financial foundation. In our last post we talked about 8 Financial Mistakes to Avoid in Your 20s and 30s. Here are five more money mistakes to watch out for: 1. Going on a Financial Blind Date With Your Significant Other: Not Having the Money Talk First Talking […]
April 4, 2017

8 Financial Mistakes to Avoid in Your 20s and 30s

Your 20s and 30s are an exciting time. You’re starting to build the life you envision for yourself, or perhaps you’re still seeking out new experiences to learn more about yourself and your goals. These are years when we expect to learn and grow by exploring jobs and careers, cultural experiences, social experiences and other educational opportunities. But too many of us forget to explore and master one of the most critical parts of building […]
March 24, 2017

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 […]