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College Planning

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.

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% […]
March 12, 2018

Want to Get More “Financially Fit” in 2018? Set Savings Goals Now

One of the most important elements of a good financial plan is regular saving. Unfortunately, it is one of the biggest stumbling blocks as well, with 57% of Americans reporting they had less than $1000 in savings in a 2017 survey. To make matters worse, 1 in 3 American has no retirement account, and only […]
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 […]
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 13, 2016
6 Questions for Financial Advisor

6 Questions to Ask A Financial Advisor

Finding a financial advisor who is right for you is an important process. A good financial advisor is there to prevent you from making decisions that would have a negative, unintended impact on you. Who wouldn’t love to have a financial coach to keep you on track to achieve your financial goals? Just like with […]
June 9, 2015

5 Important Planning Tips for New Parents

Expecting a visit from the stork soon or has it already dropped off a new bundle of joy? If so, you know the full range of emotions that come with a growing family. Along with the love and excitement you feel with a new baby boy or girl, comes the pressure of new responsibilities and […]
May 28, 2015

It’s National 529 Day!

Friday, May 29 is “National 529 College Savings Plan Day,” to raise awareness about the benefits of college savings plans. Surprisingly, nearly 70% of Americans are unsure of exactly what types of college savings plans are available. Are you one of them? If you have children, a college savings plan should be considered as an […]
February 23, 2015
Financial Planning for Married Couples

7 Things Married Couples Should Discuss Today

We all know that being a part of a couple takes work and that open, honest communications is key!  In order to have a relationship that is strong financially, as well as emotionally, remember to regularly discuss and review your finances and goals to help make sure that you and your partner are not only […]
August 5, 2014

YOLO (You Only Live Once) So You Need A Retirement Goal

When you read through blogs or scroll through hashtags and memes on social media, there is a recurrent theme among millennials regarding the live-for-today sentiment. Whether it’s the acronym, #YOLO (You only live once) or the older, maybe not-so-cool phrase, ‘Carpe Diem,’ we are constantly reminded that we should stop worrying about the future and […]