Monthly Insights

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


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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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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