Monthly Insights

"Ideas shape the course of history." -John Maynard Keynes


Retire Comfortably – September Monthly Insight

Posted by on Wednesday, September 1st, 2021 in Estate Planning, Investing, Monthly Insights, Retirement | 0 comments

“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 your financial goals?  How much income will you need to generate each month?  What about your...

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Is it Time to Downsize Your Home?

Posted by on Wednesday, August 4th, 2021 in Monthly Insights, Personal Finance | 0 comments

Is it Time to Downsize Your Home?

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® Regardless of whether you purchased your home long ago or have only been there for a few years, downsizing can be an enticing option for many people as they near retirement. There are plenty of reasons to sell and seek out a house that is smaller and a better lifestyle fit. On the flip side, there are also reasons to stay in your current home. Let’s look at some pros and cons so you can make the right decision for your situation. 5 Reasons to Move Now that you are in or close to retirement, your...

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Inflation Worries – August Monthly Insight

Posted by on Monday, August 2nd, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

“With regard to interest rates, we continue to expect that it will be appropriate to maintain the current 0 to ¼ percent target range for the federal funds rate…” — July 28, 2021, Statement by Jerome Powell, Chair of the Federal Reserve of the United States Inflation worries surface Inflation has not been a persistent and serious threat to the economy since the 1970s and early 1980s.  And that’s largely because the Fed knows how to defeat inflation: raise interest rates to onerous levels and quash demand in the economy via a serious...

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Playing the Averages

Posted by on Friday, July 2nd, 2021 in Monthly Insights | 0 comments

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”— Paul Samuelson, first American to win the Nobel Memorial Prize in Economic Sciences If you walk into a casino and put your money on the table, the odds are stacked against you.  You are likely to lose no matter how exciting it might be.  If you flip a coin, there is a 50-50 chance you’ll get heads.  If you purchase a broad-based, diversified stock market index at the beginning of the year,...

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Does it Make Sense to Pay Off Your Mortgage Early?

Posted by on Thursday, June 10th, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

Does it Make Sense to Pay Off Your Mortgage Early?

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® The American dream of owning a home—complete with a white picket fence—dies hard; after all, it’s that iconic symbol of financial independence. And with record-low inventory, low interest rates, and high demand, (1) the housing market is currently booming now more than ever. Since most of us don’t have the luxury of purchasing a house in full, after the stress and drama of house hunting is over, we are saddled with a mortgage for the next 15-30 years. Incurring debt to one day own this major asset...

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