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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.

November 1, 2018

The 2019 Contribution Limits Are Here!

Great news for savers! The IRS announced today that taxpayers will be able to contribute $6,000 to their traditional individual retirement accounts in 2019, up from the $5,500 level in place since 2013. Participants in 401(k) plans will be able to set aside up to $19,000 before taxes next year, up from $18,500. This is a […]
September 20, 2018

Be on the same team! Talking about and managing finances together

Money woes are the leading cause of divorce in American couples. Over ⅓ of people in the United States have stated that financial pressure was the biggest challenge their marriage has faced in the past, and ¼ of Americans have said most of their arguments are money-related. As a financial planner, I work with a […]
July 30, 2018

What is an HSA and Why Is It Important

  You’ve likely heard that having an HSA can help you to lower the cost of your medical care – but studies have shown that only 17% of people enrolled in group health plans are using their HSA. And of the people who are using their HSA, only a few of them are contributing the […]
July 19, 2018

Good Judge-ment Means Good Planning

Were you surprised to learn that Brett Kavanaugh, a Supreme Court justice nominee with an annual income of $247,000, could have racked up debt and saved so little for retirement?  A recent article in Vanity Fair reports that the Washington native accrued between $60,000 and $200,000 on three credit cards and a loan for Washington […]
June 20, 2018

Introducing Beers with Brad

We have hosted two very successful Beers with Brad financial literacy seminars in Gaithersburg, Maryland at Launch Workplaces.  We’ve had terrific beer from great local breweries around Maryland. I think when you’re able to relax and have a beer, hear what everyone else is thinking about financially and truly see that you are not alone […]
June 14, 2018
Sherman Wealth Management | Fee Only Fiduciary

How Much Money Do You Actually Need in America?

In my line of business, we talk a lot about wealth management. The idea, of course, is that financial planners and wealth managers assist you in creating a road map for your money that helps you grow savings for lifestyle goals like retirement, purchasing a home, or sending your kids to the college of their […]
June 7, 2018

Entrepreneurs and Investors: Keeping your eye on the endgame pays off

Let’s face it – we live in a world where people expect their needs will be met with instant gratification.  Social media, online shopping and the availability of having access to everything right at our fingertips means that consumers have high expectations that their needs will be met immediately without having to wait for what […]
May 22, 2018

Patient Investors Come Out on Top

Many feel they don’t have the money they need to invest, so they forego savings altogether. Sound familiar? If this is you, the time has come for you to stop shooting yourself in the foot, and start saving today. Consistency while saving is key, and can make all the difference over time. Each dollar that […]
May 17, 2018

Entrepreneurs: Separate Biz and Personal Finances

This article appeared on Investopedia.com on May 17, 2018 As an entrepreneur, you would likely do anything to ensure your business is successful. For some, this means pouring a large portion of their money into their business. However, investing all of your time and money into your business can create an unhealthy financial balance in your […]
May 7, 2018

Teaching Children Financial Responsibility: Start Early

Would it surprise you to know that students graduating from high school enter college with little to no knowledge about their finances, how to budget, or save for their futures? The problem has become so severe that 40% of these students wind up going into debt in order to fund their social lives and 70% […]