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The Cost of Putting Off Financial Planning

Posted by on Wednesday, May 18th, 2022 in Personal Finance | 0 comments

The Cost of Putting Off Financial Planning

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, and money. If you’ve been putting off your financial plan, you could be losing money. Consider these 5 reasons...

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The Cost of Long-Term Care

Posted by on Monday, May 2nd, 2022 in Monthly Insights | 0 comments

“Not all of us can do great things.  But we can do small things with great love.” Mother Teresa – Catholic Saint For many people, it is difficult to think about the possibility of needing long-term care.  According to a recent study by the U.S. Department of Health, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their remaining years.  When it comes to planning a safe and secure retirement, long-term care remains a confusing and unaddressed challenge to many people’s financial...

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Lessons We Learned From the Last Recession

Posted by on Friday, April 29th, 2022 in Market and Economic Updates | 0 comments

Lessons We Learned From the Last Recession

By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® From rampant inflation to ongoing supply chain issues and rising interest rates, it’s not a surprise that the majority of Americans fear the possibility of a recession in 2022. (1) But before panic sets in, remember we’ve had recessions before and we’ll have them again. What’s important is to take what we’ve learned from the market crash of 2007/2008 and apply these lessons to our current situation. Here are 4 financial lessons the last recession taught us.  1. More Debt = More Risk One of the harsh...

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Rationality Under Uncertainty

Posted by on Friday, April 1st, 2022 in Monthly Insights | 0 comments

“I take the market-efficiency hypothesis to be the simple statement that security prices fully reflect all available information.” Eugene F. Fama – University of Chicago Economist and Nobel laureate Ukraine Invasion On the evening of February 24, 2022, the world watched as Russia invaded its neighboring country, Ukraine.  The invasion, considered the largest conventional military attack in Europe since World War II, has devastated several Ukrainian cities and caused a humanitarian crisis, as more than 4.2 million Ukrainians have fled the...

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Why I Became a Financial Advisor

Posted by on Monday, March 28th, 2022 in Monthly Insights, Personal Finance | 0 comments

Why I Became a Financial Advisor

By Caroline M. Friedrich, CPA, CFP® Have you ever wondered why I am passionate about developing holistic financial plans for my clients? Watch my video below to get to know my story. If you want to work with a goal-focused, planning-driven advisor who strives to help you maintain your lifestyle and independence through retirement, reach out to schedule an introductory meeting! About Caroline Caroline Murphy Friedrich is a financial advisor with The Nalls Sherbakoff Group, LLC, an independent, fee-only financial planning and investment...

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