Investing


By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® We’ve all heard of the tortoise and the hare. The hare is quick and sure-footed, while the tortoise is slow and cautious. They enter into a race, and the hare is certain he will win—so certain that he decides to take a nap midway through. The hare oversleeps, lo and behold, the tortoise wins the race! From this simple fable came the age-old advice: Slow and steady wins the race. Though it’s...

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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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“Success is no accident.  It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” –Pele, Brazilian former professional footballer (soccer) and among the most successful and popular sports figures of the 20th century. Are you on track to retire comfortably?  If already retired, are you confident in your retirement income planning?  What are...

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By Lee Sherbakoff, CPA/PFS, CFP®, RICP® We all dream of a fulfilling retirement, but that dream doesn’t become a reality without years of diligent planning and saving. And there’s no better retirement savings vehicle than a 401(k), into which I’m sure you’ve been socking away your hard-earned dollars year after year. But what happens to this money if you switch to a new job? The days of sticking with one company for an entire career...

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By Lee Sherbakoff, CPA/PFS, CFP®, RICP® Do you want to know the two most powerful words in the financial world? Compound interest. It’s not some flashy investment scheme or hidden secret only a few people know, but compound interest has changed how people build wealth and has actually made wealth-building more accessible for millions. The beauty of compound interest is that it’s a simple but mighty concept that takes your initial...

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“The most important thing is to stay the course – not to get shaken out of the market during a difficult time” — John W. Rogers, Jr., investor, philanthropist, and founder of Ariel Capital Management Once in a great while, there comes a year during which the economy and the markets may serve as a tutorial—in effect, a master class in the principles of successful, long-term, goal-focused investing. Two thousand twenty...

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