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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.

August 1, 2017

Why Utilize a Financial Advisor?

Personal finance.  Don’t underestimate the adjective. In today’s world, the rise of “robo advisors” have led some to (incorrectly) conclude that managing investment portfolios is simple.  As far as they are concerned, as long as you have a software program, you’re set.  Within minutes, a computer system can analyze your risk tolerance, determine the best […]
July 7, 2017
financial well being

Is Financial Well Being the Key to Emotional Well Being?

When you think of your financial advisor or financial plan, how do you feel? Gratified? Anxious? Indifferent? How much would you say your advisor has contributed to your sense of emotional and financial well being? Most of us probably don’t ask ourselves those questions and yet, according to a 2016 Morningstar study, When More Is […]
June 26, 2017
Measuring value

Are You Getting Your Money’s Worth in Financial Advice?

Recent news about a new fiduciary rule has left many folks more confused than ever about fee structures, and concerned about whether they’re getting the best value from their financial advisor’s fees or their brokerage firm’s fee structure. According to a recent podcast from the Wall Street Journal, it’s not only how much you pay […]
June 12, 2017
Money Lessons for Kids

7 Fun Money Lessons to Teach Your Kids this Summer

Summer is a great time for kids to catch fireflies, perfect their backstrokes, daydream, and learn some great lessons about money and financial literacy. Sound like a hard idea to sell to kids in vacation mode? Not if you make it a rewarding part of summer fun. Here are some tips to incorporate smart money […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]