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Brad Sherman

Financial Planning Information

Sherman Wealth Management provides you with relevant financial planning information to give you the resources you need to make informed choices. Read through our posts below and contact us to set up a free call for more information on creating a custom financial plan.

July 22, 2019

CFP Delays Enforcement of Their New Fiduciary Standards

The Certified Financial Planner Board of Standards Inc. (CFP) states that their new fiduciary standards will be delayed, pushing the enforcement of these important ethics back to June 30, 2020. With this news comes questions about the quality of service people can expect from those handling their money, and what this all means to them […]
May 28, 2019

How to Plan For Summer Activities and Budget

We hope everyone had a great Memorial Day Weekend filled with fun, sun and lots of good food and pool time.  We took our kids to Washington DC to pay respects and educate them on the brave men and women that lost their lives fighting for our freedom.  As parents, lots of the chatter we’ve […]
May 9, 2019


“According to Money, the average millennial household “owes $14,800 in student loans.” Writer Kerri Anne Renzulli explains that while debt averages vary across each generation, people of all ages are demonstrating a greater comfort with debt. As everyone becomes more comfortable with financing and credit, there is a greater risk that accumulated debt will never […]
May 2, 2019

What The Shift In The Federal Reserve Language Means For You

Yesterday, the Federal Reserve held its benchmark rate at 2.5%.  It only took one word from Fed Chair Jerome Powell on inflation to send the markets reeling, and that word was “transitory.” According to this CNBC article “Traders have been speculating that recent weaker inflation readings would concern the Federal Reserve so much that it […]
April 15, 2019

Coaching Students at the MCPS Business Pitch Challenge

As the son of a Montgomery county school teacher,  I was so honored to mentor a group of hard- working students from Albert Einstein High School in Montgomery County rise to success in giving an incredible pitch to the judges at the Business Pitch Challenge. As the month of April is Financial Literacy Month, this […]
January 28, 2019

Teachers Get Screwed The Most

It’s very unfortunate that school teachers, arguably one of the largest value-ads to communities across this nation, are getting taken to the woodshed on their retirement options. It’s 2019 and public school districts still haven’t found a way to properly help these individuals build a nest egg. We hear and see it all the time. […]
January 24, 2019

The Importance of Financial Literacy

It was recently announced that the state of South Carolina was pushing to pass a bill that would require all high school students to take a course on financial literacy in order to graduate. Five states (Alabama, Missouri, Tennessee, Utah, and Virginia) are the only other states to have passed a similar law. As professionals […]
January 22, 2019

Who is responsible for 401(k) participation?

If someone were to ask the famous Nobel Prize winner Richard Thaler this question, I think his answer would clearly be “managers and executives”. And to be honest, he makes a pretty compelling point. As a man who has spent his career studying human behavior, Thaler draws the conclusion that humans are predictably irrational and […]
January 15, 2019

How empty nesters can get back on track

Now that you’re done spending money on clothing, food, child care – and don’t forget the biggest expense, education – it’s time to focus on your own financial needs. After all, the average cost of raising a child today in middle-class America is nearly $250,000, excluding college tuition expenses. These types of numbers leave many […]
January 9, 2019

Tips for furloughed workers during the shutdown

Before we get started, lets recognize that this isn’t the first time there’s been a shutdown, and it probably won’t be the last. But that doesn’t change the fact that so many workers are now reaching their third week of no pay. There are roughly 800,000 federal employees who are not receiving paychecks right now, […]