by T. Lee Sherbakoff, CPA/PFS, CFP® | May 11, 2017 | Investing, Personal Finance, Retirement, Wealth Management
A retirement plan is built on a set of assumptions that can’t be validated until it’s too late. One key to successful retirement planning is carefully setting assumptions and revising them often. Retirement calculators make it so easy. Pick a retirement date. Estimate...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Apr 27, 2017 | Investing, Personal Finance, Retirement, Wealth Management
You’ve been saving diligently for years, and now it’s time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to take a few steps first....
by T. Lee Sherbakoff, CPA/PFS, CFP® | Apr 13, 2017 | Investing, Personal Finance, Wealth Management
The arrival of spring often signifies a time of renewal, a reminder to dust off the cobwebs and get rid of the dirt and grime that have built up throughout the winter season. And while most spring cleaning projects are likely focused on your home, you could take this...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Apr 10, 2017 | Investing, Market and Economic Updates, Monthly Insights
Attitude is a little thing that makes a big difference. -Sir Winston Churchill Greed and fear are the two dominant forces that move markets on a daily basis. When stocks are going up, an investor might feel greedy and rush to buy more shares at increasing values,...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Mar 15, 2017 | Investing, Market and Economic Updates, Monthly Insights, Personal Finance
“The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.” — Daniel Kahneman Risk Tolerance, Risk Capacity, and Risk Perceptions are important concepts in investing. As...