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The Scandal Of Prediction

Posted by on Monday, July 13th, 2020 in Investing, Market and Economic Updates, Personal Finance | 0 comments

The Scandal Of Prediction

The Scandal Of Prediction From Don Nalls,The Nalls Sherbakoff Group, LLC. Dear Friends, If you are remotely interested in the stock market, chances are your email is filling up with mid-year stock and market forecasts. These are the same prognosticators that misread the impact of Covid-19, the subsequent market sell off, and the stunning recovery in the 2nd Quarter in the first half of 2020. One could reasonably ask, “why do so many investors heed these folks’ recommendations?”A number of years ago I gave a talk to the local Society of...

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The Top 5 Retirement Income Planning Challenges

Posted by on Thursday, July 9th, 2020 in Retirement, Wealth Management | 0 comments

The Top 5 Retirement Income Planning Challenges

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® You’ve spent decades accumulating assets and saving for retirement. But socking money away is only half the battle. Here are the top 5 financial planning challenges you face in retirement—and how you can plan for them today. 1. Feeling Depressed In Retirement Many seniors fail to plan for the psychological transition that occurs when you head into retirement. Studies show that your likelihood of getting clinical depression goes up by 40% after retiring. (1) And if you think about it, it makes sense....

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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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