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July 2020 Monthly Insight – Long-term Investing Is Not Reactionary

Posted by on Wednesday, July 1st, 2020 in Investing, Market and Economic Updates, Monthly Insights, Personal Finance, Uncategorized, Wealth Management | 0 comments

“The intelligent investor is a realist who sells to optimists and buys from pessimists.” — Benjamin Graham, British-born American economist, professor and investor Before we talk about the economy, the markets, COVID-19 pandemic, or economic inequality, we would like to review with you our general principles for helping you reach your most cherished financial goals and objectives. We believe all enduring, successful investing is essentially goal-focused and planning-driven. We also believe all failed investing is market-focused and...

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Tax Time Is Finally Here

Posted by on Monday, June 29th, 2020 in Business, Personal Finance, Small Business, Tax Planning, Wealth Management | 0 comments

Tax Time Is Finally Here

Tax Time Is Finally Here From Lee Sherbakoff,The Nalls Sherbakoff Group, LLC. Dear Friends, Due to the Covid-19 pandemic, businesses were forced to close, and jobs were lost. So, the federal government extended tax season to give taxpayers a break, moving Tax Day to July 15. Taxes can be confusing, and more so now with the unprecedented changes. Let us look at four key topics related to the 2020 tax extensions affecting your 2019 return and perhaps your 2020 return. The new deadline We are halfway through 2020, and many of us have no idea...

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2020 RMDs Can Be Paid Back By Rollover

Posted by on Friday, June 26th, 2020 in Personal Finance, Retirement, Wealth Management | 0 comments

2020 RMDs Can Be Paid Back By Rollover From Lee Sherbakoff,The Nalls Sherbakoff Group, LLC. Dear Friends, The IRS has extended the rollover deadline for required minimum distributions (RMDs) taken from IRAs or company plans in 2020. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act – better known as the CARES Act – was signed into law by President Trump. The CARES Act provision that may have the biggest financial impact is the suspension of 2020 Required Minimum Distributions (RMDs). (In a normal year, an RMD is the...

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Seven Steps To Shore Up Finances In A COVID-19 World

Posted by on Friday, June 19th, 2020 in Personal Finance | 0 comments

Seven Steps To Shore Up Finances In A COVID-19 World

Seven Steps To Shore Up Finances In A COVID-19 World From Lee Sherbakoff,The Nalls Sherbakoff Group, LLC. Dear Friends, Since the economic crisis began, we have shifted our focus towards financial planning content that incorporates the COVID-19 crisis and its impact on your finances. For example, we have highlighted the scams that have sprung out of the pandemic. Be careful, new ones pop up all the time. We have written about new rules that make it easier to tap into your IRA if you’ve been affected by the coronavirus. We have also...

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10 Things To Do Within 10 Years Of Retirement

Posted by on Friday, June 12th, 2020 in Investing, Monthly Insights, Personal Finance, Retirement, Wealth Management | 0 comments

10 Things To Do Within 10 Years Of Retirement

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® Days of golfing, checking travel destinations off your bucket list, spending more time with the kids and grandkids, investing in a hobby…are these your retirement dreams? Most of us have at least a general idea of what we want retirement to look like, but before you get caught up in your plans, complete these 10 things within 10 years of retirement to help you finish your working years stronger than you started!  1. Run The Numbers When it comes to your retirement savings, there are countless...

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