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The good news just keeps coming, but yet….

Posted by on Monday, November 15th, 2021 in Market and Economic Updates, Monthly Insights | 0 comments

Job growth is surging despite the deleterious impact of the delta variant of the COVID-19 virus, or for that matter, the supply chain issues brought on by demand skyrocketing.  Americans are going back to work rapidly.  The US Economy is adding nearly half a million jobs a month in 2021.   Fear of stagflation is officially dead.  Good news.  Recent data from Bloomberg reports total dividend payments from the constituents in the S&P 500 Index are coming in at a cumulative $61.03 per share this year (a record...

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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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Turning 70? Here’s How it Will Impact Your Financial Plan

Posted by on Thursday, October 14th, 2021 in Uncategorized | 0 comments

By Lee Sherbakoff, CPA/PFS, CFP®, RICP® “To be seventy years young is sometimes far more cheerful and hopeful than to be forty years old.” — Oliver Wendell Holmes, Sr. (1) If you were to write your autobiography, turning 70 might be in a chapter titled “The Golden Age of Retirement.” Now past the early transition years of retired life filled with a mix of emotions ranging from freedom and joy to stress and boredom, you’re settling into a well-deserved new chapter in life.  Your idea of a happy retirement may include many things—traveling...

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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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4 Ways to Avoid Capital Gains Tax

Posted by on Monday, September 20th, 2021 in Investing, Personal Finance, Tax Planning, Wealth Management | 0 comments

4 Ways to Avoid Capital Gains Tax

By Lee Sherbakoff, CFP/PFS, CFP, RICP  The reality is you owe taxes whenever you make money—or, in IRS terms, when you’ve realized gains. After selling an investment at a higher price than what you paid for it, capital gains tax is waiting right around the corner for a slice of your profit. But there are ways to minimize what you owe in taxes so you can keep as much profit as possible. However, before you do anything, always seek advice from your tax professional. 1. Invest for the Long Term  It’s no surprise that long-term capital...

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