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Retirement 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 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 […]
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 […]
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 […]
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 […]
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 […]
February 6, 2017
financial plan

Your Financial Plan Depends on More Than Your Age

Your Financial Plan We live in a time of great personal freedom when we have the opportunity to choose our own life goals and paths. While it’s true that very few 26-year-olds are likely to be retiring, you might be that lucky one who just sold an app to Facebook and is considering philanthropy. While […]
January 23, 2017
Fee-Only Financial Planning

Know the Difference between Fee-only vs. Fee-based Financial Advice?

Confused about the difference between Fee-Only Financial Planning and Fee-Based planning? You’re not alone. Financial planning jargon can be daunting when you’re just getting started. Understanding the difference between Fee-Only and Fee-Based, however, is important and could be the key to your long-term planning success. What is Fee-Only Financial Planning? Fee-Only financial planners are legally […]
November 13, 2016
Teachers 403b

403(b) Plans: The Flaws Teachers Should Know

It’s no secret that many teachers are underpaid, in spite of the vitally important work they do. I know first hand: my mother was a public school teacher and a single mom. While some teachers may have other assets and savings they can draw on, a great number of teachers will rely on the retirement […]
October 26, 2016
401k

Options for Your 401(k) When You Change Jobs

Leaving one job for another to pursue your goals, follow your passion, or just make some interim changes? As you leave – taking with you new experiences, knowledge, and relationships – don’t forget one more important thing: your company 401(k) account. In the midst of job – or life – changes, it’s all too easy […]
September 12, 2016
teachers 403b

Teachers: Who is Managing Your 403(b)?

With autumn just around the corner, many teachers have returned to their classrooms. The end-of-summer teacher ritual of decorating, stapling and contacting parents has made its return. I know from personal experience, though, that teachers would be wise to use any spare time to investigate their retirement accounts and determine whether their money is being […]