Monthly Insights

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


Should You Do A 401(k) Rollover?

Posted by on Wednesday, March 31st, 2021 in Investing, Monthly Insights, Personal Finance, Retirement, Wealth Management | 0 comments

Should You Do A 401(k) Rollover?

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 are long gone—the average working adult changes jobs 12 times during their career (1)—so the odds are pretty...

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March 2021 Monthly Insight – Slam the Scam

Posted by on Monday, March 1st, 2021 in Cybersecurity, Monthly Insights, Personal Finance, Uncategorized, Wealth Management | 0 comments

It’s a lie and it’s a scam.— Lenny Kravitz, American singer-songwriter “Slam the Scam” Day Thursday, March 4, 2021 has been designated as the second annual National “Slam the Scam” Day. The goal is to raise public awareness of government imposter telephone scams, which continue to spread across the United States. Last year, the Social Security Administration (SSA) received over 718,000 reports of Social Security-related telephone scams—with a total of $44.8 million reported lost.  Victims who lost money reported an average loss of...

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Schedule Your Social Security Review Meeting Today!

Posted by on Friday, February 26th, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

Schedule Your Social Security Review Meeting Today!

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® Are you planning on Social Security making up a significant portion of your retirement income? If so, you’re in the same boat as almost half of Americans over the age of 50. (1) With a program that impacts the lives and finances of so many, you would think people would be more prepared to claim their benefits, but unfortunately, that’s not the case. Close to 63% of future retirees are not confident about how the program works, (2) and 92% don’t know how to maximize their Social Security payments. (3)...

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The Power of Compound Interest

Posted by on Tuesday, February 16th, 2021 in Investing, Monthly Insights, Personal Finance, Wealth Management | 0 comments

The Power of Compound Interest

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 investment seed and grows it into what will eventually become your nest egg. Here’s how it works and how you can...

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February 2021 Monthly Insight – The Reddit Short Squeeze

Posted by on Monday, February 1st, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

“When it comes to luck, you make your own.” — Bruce Springsteen, American singer, songwriter, and musician Perhaps over the last few weeks you’ve come across financial news containing terms you don’t completely understand.  You may have seen words and phrases like GameStop, gme, short squeeze, Reddit, hedge funds, WalStreetBets, or even “up 700% in one week.”  You may be just as confused by “up 700%” as you are over what is a Reddit. Perhaps you also came across the confusing phrase “zombie companies.”  This refers to companies that earn just...

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