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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 29, 2018

Is Your Mutual Fund Tax Efficient?

Well, it’s that time of year again. That time when mutual fund companies report distributions for capital gains taxes. Just in time for the holidays and a total buzzkill on all of that discretionary spending you planned on participating in.   “But I’m in a Buy & Hold portfolio and didn’t sell. How can I […]
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 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 […]
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 […]
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 […]