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What Should You Do About Inflation and Stock Market Volatility?

Posted by on Thursday, January 27th, 2022 in Investing, Market and Economic Updates, Personal Finance | 0 comments

What Should You Do About Inflation and Stock Market Volatility?

By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® After a three-year rally, the S&P 500 index has been down 10 of the first 15 trading days of 2022. This is nearing correction territory for the year, which is being down 10%.  In addition to the stock market decline, inflation has been causing concerns. Because inflation is reaching 40-year highs, it is expected that the Federal Reserve will begin raising interest rates in the spring, which could potentially slow the economy. (1) Investors are understandably nervous about their investments and...

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Slow & Steady Wins the Race: All About Index Funds

Posted by on Friday, January 21st, 2022 in Investing, Personal Finance | 0 comments

Slow & Steady Wins the Race: All About Index Funds

By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® We’ve all heard of the tortoise and the hare. The hare is quick and sure-footed, while the tortoise is slow and cautious. They enter into a race, and the hare is certain he will win—so certain that he decides to take a nap midway through. The hare oversleeps, lo and behold, the tortoise wins the race! From this simple fable came the age-old advice: Slow and steady wins the race. Though it’s meant to teach children about the virtue of hard work and patience, the lesson can also be applied to...

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Goal-Focused New Year

Posted by on Tuesday, January 4th, 2022 in Monthly Insights | 0 comments

“The individual investor should act consistently as an investor and not as a speculator.”Benjamin Graham – American Economist The year 2021 was a wild one in many respects, but the U.S. stock market pushed higher and delivered a solid performance.  The Standard & Poor’s 500-Stock index notched 70 all-time highs and gained 26.9%, which was the third-largest gain of the past 20 years.  Investors brushed off news that might have derailed stocks in years past.  The worst peak-to-trough drawdown in 2021 was just 5.2%, and the...

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Do You Have Questions About Your Medicare Plan?

Posted by on Monday, December 27th, 2021 in Monthly Insights | 0 comments

By Lee Sherbakoff, CPA/PFS™, CFP®, RICP® It’s no secret that for many Americans, Medicare is a significant part of their healthcare plan in retirement. Through taxes assessed on earned income, Medicare earned about $900 billion in 2020 and paid benefits to over 60 million people. (1) In fact, nearly 96% of people age 65 and older are current Medicare recipients. (2) Despite its importance, many people don’t understand Medicare or the full scope of benefits to which they are entitled. Unfortunately, not having a complete picture of the system...

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Last Will and Testament – December Monthly Insight

Posted by on Wednesday, December 1st, 2021 in Estate Planning, Monthly Insights | 0 comments

“Planning is bringing the future into the present so that you can do something about it now.”Alan Lakein – American author When many people hear the term “estate planning” they think it only applies to those who own mansions, extensive real estate holdings, and large stock portfolios.  They may recall news stories about estate battles that ensued when celebrities like Prince, Jimi Hendrix, and Michael Jackson died without a will. Despite these myths and misconceptions, the truth is that everyone should have an estate plan or a...

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