Posts by Lee


This morning, Friday, June 10, 2022, the U.S. Bureau of Labor Statistics released May inflation data.  The Consumer Price Index showed a re-acceleration in inflation, disappointing investors, consumers, and others that were hoping price increases had peaked.  Prices climbed 8.6 percent in the year through May, a re-acceleration of inflation that makes it increasingly difficult for consumers to afford everyday purchases and poses a...

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By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® “If you fail to plan, you plan to fail,” as the famous saying goes. This is especially true when it comes to your finances. Most people don’t find the topic of financial planning the most exciting, or even know where to begin organizing their finances. We get it.  But just because it’s boring doesn’t mean it should be avoided. Delaying this task can be costly in many ways—in time, energy,...

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By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® Taxes are something nobody ever wants to think about, but every year we are forced to tackle the mess that is the U.S. tax system. With all its crazy forms and loopholes, taxes in the U.S. seem like they were designed to be confusing. Lucky for you, we’ve compiled a tax-preparation checklist that will help make sure you prepare yourself with the right forms and have access to the right...

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“The legacy of heroes is the memory of a great name and the inheritance of a great example.“ —Benjamin Disraeli, British statesman and who twice served as Prime Minister of the United Kingdom We hope everyone had a wonderful summer and are looking forward to cooler temperatures. The momentum generated by a growing U.S. and global economy is likely to carry over into next year.  While a 2022 recession can’t be ruled...

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By Lee Sherbakoff, CFP/PFS, CFP, RICP  The reality is you owe taxes whenever you make money—or, in IRS terms, when you’ve realized gains. After selling an investment at a higher price than what you paid for it, capital gains tax is waiting right around the corner for a slice of your profit. But there are ways to minimize what you owe in taxes so you can keep as much profit as possible. However, before you do anything, always seek...

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