Financial Planning

Financial Planning

effectively and efficiently build your wealth

Our approach to financial planning isn’t piecemeal. Rather, we take a holistic approach, incorporating all the aspects of your financial life. Part of that process is holding an ongoing conversation about the milestones you foresee for your life—marriage, children, career change—and creating strategies to help you prepare for when those milestones arise. The result is a customized blueprint so you can more effectively and efficiently build your wealth and meet your goals and needs.

We work with you to meet a wide range of needs, including:

Budgeting and Saving

Saving money is the most important thing you can do to create financial independence. What’s more, the earlier you get started, the better—especially when it comes to retirement. But for many, the idea of saving can be overwhelming. They’re worried that they’re not saving enough to have an effect, but they also feel like they don’t have enough money to save. We can work with you to create a budget that will not only get you saving but also help meet your other short-term and long-term goals.


Retirement Planning

As you age, you’ll probably find your views on retirement planning changing. For young professionals especially, retirement seems so far off that planning for it feels unnecessary. But the earlier you get started, the more likely you’ll be able to enjoy a future life of freedom the way you envision it. Meanwhile, thriving professionals are likely to be thinking more seriously about retirement and want to know how they can maximize their contributions while minimizing taxes. Those close to retirement need reassurance they have saved enough to support the lifestyle they envision in the next stage of their life. Regardless of where you are on your life path, we work with you to create a customized plan for retirement that answers when you will retire and the income and assets that will support you. As your life changes, we adjust the plan to incorporate those changes so you can enjoy peace of mind about your financial future.

Investment Management

We believe it's virtually impossible to outperform the market through individual stock selection and market timing. Therefore, your best chance at building wealth through the capital markets is to avoid common behavioral mistakes in the beginning and utilize a well-thought-out, disciplined and long-term approach to investing. Key to that approach is a well-diversified, customized portfolio that focuses on tax efficiency, cost effectiveness and risk management.

We customize everything we do at Sherman Wealth Management, and that includes investment portfolios. We create and manage investment models tailored to our clients’ goals, timelines and evolving life circumstances. We know that each of our clients is unique. That gives us the opportunity to create individual strategies and plans that are uniquely suited to each of our clients, not just a cookie-cutter plan based on age, income or broadly assessed risk tolerance. In building and managing your portfolio, we consider a range of factors including:

  • Your marital status and plans for children
  • A potential career change or job move
  • Your current financial resources
  • Your projected earning potential over the next five to 10 years
  • Your risk tolerance
  • Your goals and dreams

The result is a portfolio that is designed to meet your individual goals and needs both now and in the future.

Insurance Planning

Insurance is a topic that people don’t like to discuss. That’s because it’s meant to protect you against what can go wrong in life. We understand that reticence, even as we understand the need for you to protect your family and your wealth. Our conflict-free approach means we don’t sell insurance, but we do work with you to review your existing policies and determine the insurance you need, such as death or disability. If you don’t already have an insurance agent, we can refer you to a range of professionals to create the policy you want. That way, you can enjoy peace of mind knowing that you’re protected.


Tax Planning

A lot of financial planners don’t emphasize tax planning, and that’s a mistake. Taxes are a significant factor in building wealth. Our tax planning isn’t a one-time service—it’s ongoing. We help you look at the tax implications of financial decisions, including the types of retirement plans you can choose and the capital gains you can incur. We work with your accountant to make sure your plan is implemented. By doing all this, we help you make and carry out informed decisions about your financial life that can reduce your tax bill and put more money in your bank account.

Estate Planning

An estate plan is essential to financial management. Should you become incapacitated, you want someone who you trust to make medical and financial decisions for you. And when you die, you want to make sure your assets are passed on to your loved ones and charities as you would have wished and in a way that prevents family squabbles. We work with you and your attorney to establish the wills, trusts, medical directives and powers of attorney to help make sure your wishes are carried out while alleviating unnecessary stress on your loved ones.

Sherman Wealth Management does not offer tax or legal advice. Individuals should consult their tax or legal professional regarding their specific circumstances.