Monthly Insights

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


Should I Pay Off My Mortgage Early? – November Monthly Insight

Posted by on Friday, November 5th, 2021 in Monthly Insights | 0 comments

“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?”  – Adam Smith, Scottish economist, philosopher, pioneer of political economy For many people, owning a home is an essential part of the American dream, with several economic benefits.  To achieve this dream, it has been instilled in us that a mortgage is good debt, a liability that has the potential to increase your net worth and improve your life.  But the pandemic has challenged old financial rules.  Droves of...

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The Big Wealth Transfer – October Monthly Insight

Posted by on Friday, October 1st, 2021 in Estate Planning, Monthly Insights, Wealth Management | 0 comments

“The legacy of heroes is the memory of a great name and the inheritance of a great example.“ —Benjamin Disraeli, British statesman and who twice served as Prime Minister of the United Kingdom We hope everyone had a wonderful summer and are looking forward to cooler temperatures. The momentum generated by a growing U.S. and global economy is likely to carry over into next year.  While a 2022 recession can’t be ruled out, leading indicators suggest the odds are low.  However, all eyes are on the logistical tail wagging the...

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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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