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...
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. Evaluate your...
“The greatest shortcoming of the human race is the inability to understand the exponential function.” - Dr. Albert Bartlett Do you understand the theory of exponential growth and its relationship to investing? Could you teach the concepts to a middle school class?...
You've worked hard your whole life anticipating the day you could finally retire. Well, that day has arrived! But with it comes the realization that you'll need to carefully manage your assets so that your retirement savings will last. Read the full...
Let our advance worrying become advance thinking and planning. — Winston Churchill We are excited to announce that our new website is up and running! Please go to www.nallssherbakoff.com for a look at our completely updated site. We’d love for you to peruse the new...
Bolstered by cultural assumptions, women have been made to feel they can’t manage their own finances. This has led to a lack of financial knowledge, which has in turn, led to women not being financially independent. Unfortunately, many women believe someone else, a...
When people think of investing most think of the stocks of companies in the Dow Jones Industrial Average or the S&P 500. However, almost all our clients' accounts have bonds too as part of a well-diversified portfolio. Bonds (Fixed Income) are debt securities...
Many differences exist among baby boomers, Generation Xers, and millennials. But one thing that brings all three generations together is a concern about their financial situations. According to an April 2016 employee financial wellness survey, 38% of boomers, 46% of...
If you're an adult in your 20s, you are entering an exciting stage of life. Whether you've just graduated from college or are starting a new career, you will encounter many opportunities and challenges as you create a life of your own. As busy as you are, it's no...
In the financial world, there are a lot of rules about what you should be doing. In theory, they sound reasonable. But in practice, it may not be easy, or even possible, to follow them. Let's look at some common financial maxims and why it can be hard to implement...