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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.

March 5, 2018
Morgages for self-employed applicants

Mortgage Strategies for Self-Employed Home Buyers

Being your own boss is a great feeling with many benefits, but those benefits do not include a fast track to a great mortgage. Gone are the days of the easy mortgages, the no-income-verification loans, and The Big Short. In fact, qualifying for a mortgage may rank as one of the biggest challenges you face […]
February 27, 2018

How to Make “Cents” of the Changes to 529 Plans

Are you saving for your child’s education with a 529 account? If you are already contributing to a 529 plan, reduced deductions in the new 2018 tax law mean you may want to increase your contributions – or even create a second 529 account – to offset higher state taxes. If you haven’t yet opened […]
February 26, 2018

The “Kiddie Tax” is Changing: What You Need to Know Now

Saving on taxes, while saving for your child or grandchild’s college education, just got a little trickier thanks to important changes in the “Kiddie Tax”. The tax bill that was signed into law in December made some significant changes to how Uniform Gifts to Minors Accounts (UGMAs) and Uniform Transfers to Minors Accounts (UTMAs) are […]
February 15, 2018

Shocked by the Market’s Drop? Chalk it Up to Recency Bias

Whether you realize it or not, chances are good that you are prone to something called Recency Bias, which is the common tendency to think that what has been happening recently will continue to happen in the near future. If you, like many investors, are shocked and concerned about February’s sudden market volatility, it’s probably […]
February 7, 2018

The End of Low Volatility?

Whether you view Friday’s stock market sell-off as an adjustment to permit the markets to climb higher on a more solid base, or were nervous about the sharp short term “loss” of unrealized gains, it’s clear that the stock market’s meteoric, historically-long winning streak hit a bump in the road this week. Draw downs and […]
January 19, 2018

Wants vs. Needs; Simplifying your Financial Plan for a Happier You!

We hear from prospects all the time “ I manage a complex budget for my firm, yet I just can’t seem to sift through my personal finances.” Welcome the financial planner to your life. It may sound like a foreign concept to some, but for many simply having their own emotions attached to their personal […]
October 26, 2017

How Compound Interest Can Help Build Wealth

“Winning the lottery is crucial to my retirement plan.” Does it surprise you to hear that this is a real quote from an American worker? Sadly, it’s not just one person’s perspective. It’s a sentiment that is shared by the 40-50% of Americans who believe that winning the lottery is the only way they can […]
October 4, 2017

Sign of the Times

Sign of the Times It wasn’t too long ago that every teenager was fawning over the boy-band One Direction.  Now, only a few years later, the band members are all pursuing their own solo careers.  In his 2017 solo debut album, the former One Direction member Harry Styles sings the hook “Just stop your crying, […]
September 29, 2017

How Will The Proposed Tax-Plan Affect You?

On Wednesday, the Trump Administration released their nine-page tax plan titled “United Framework for Fixing Our Broken Tax Code.”  That’s a mouthful.  The full text of the plan can be found here.  So how will the proposed tax-plan affect you? The reviews are in, and they suggest that while the plan is considered “finalized,” there is […]
September 25, 2017

Sinking

Imagine this: you are in a car and it is sinking. You try pulling on the door handles but they won’t open because the pressure on the outside of the car is much greater than the pressure inside the car.  What do you do?  More likely than not, you are now panicking and you can’t […]