Monthly Insights

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


June Monthly Insight – Transitory or Not?

Posted by on Tuesday, June 1st, 2021 in Monthly Insights, Uncategorized, Wealth Management | 0 comments

“The American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.” — William E. Simon, American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury On Friday, we learned the personal consumption expenditure (PCE) price index was up 3.6% year-over-year in April. The core PCE price index, which excludes food and energy, was up 3.1%, the biggest jump in this index since 1992.  Similar to how they reacted to the April consumer price index (CPI)...

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May 2021 Monthly Insight – A Bumpy Ride

Posted by on Saturday, May 1st, 2021 in Monthly Insights, Uncategorized, Wealth Advisors, Wealth Management | 0 comments

“A good summary of investing history is that stocks pay a fortune in the long run but seek punitive damages when you try to be paid sooner.” —Morgan Housel, partner at The Collaborative Fund and former columnist at The Motley Fool and The Wall Street Journal By this time last year, the World Health Organization had declared Covid-19 was a worldwide pandemic. In the U.S., stringent measures were implemented to slow the spread of disease and “flatten the curve.” The lockdowns and shelter-in-place orders dealt a body blow to U.S. economic...

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Now That You’ve Inherited Money, What Should You Do?

Posted by on Thursday, April 29th, 2021 in Monthly Insights, Personal Finance, Wealth Management | 0 comments

Now That You’ve Inherited Money, What Should You Do?

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® You’re likely experiencing a range of emotions regarding your newly acquired inheritance. Losing a loved one is painful, but inheriting money can be a blessing. An inheritance can improve your financial situation and bring peace of mind—it can also be a reminder of your loved one’s legacy and their love for you. Sometimes people who receive an inheritance don’t know how to properly manage it. In worst-case scenarios, the inheritance is blown in just a few years or even months—sometimes leaving the...

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April Monthly Insight – It’s the Economy…

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

“Optimism is essential to achievement and it is also the foundation of courage and true progress.”– Nicholas M. Butler, American philosopher, diplomat, and educator. Technically, the economy is still in a recession. The contraction started in March 2020 just after the February peak. The National Bureau of Economic Research (NBER), the arbiter of recessions and economic recoveries, has yet to declare the recession is over. When it does, it will likely backdate the end of the recession, as it has done in the past. Regardless, key economic...

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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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