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September 2020 Monthly Insight — A Lack of Foreknowledge

Posted by on Tuesday, September 1st, 2020 in Monthly Insights | 0 comments

September 2020 Monthly Insight — A Lack of Foreknowledge

“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t.” –Alan Greenspan, Former Chair of the Federal Reserve of the United States “Weather forecast for tonight: dark.” –George Carlin, American comedian Imagine yourself at the beginning of the year. You have knowledge that within weeks a novel virus will emerge that will shut down much of the global economy. Businesses will close, sporting events will be canceled, your daily routine will be altered, travel plans will be derailed,...

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Examining The Roth IRA

Posted by on Tuesday, August 25th, 2020 in Personal Finance, Retirement, Tax Planning | 0 comments

Examining The Roth IRA From Lee Sherbakoff, The Nalls Sherbakoff Group, LLC Dear Friends, There are many vehicles to choose from as you travel the road to retirement. One of the more advantageous means you may utilize to build a nest egg is the Roth IRA. A Roth IRA is an Individual Retirement Account that allows you to contribute after-tax dollars into a savings or brokerage account. With a Roth IRA, you get no up-front tax deduction, as you do with a traditional IRA, 401(k) retirement plan, or other tax-deferred account. However: You pay no...

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Earlier-Than-Planned Retirements

Posted by on Friday, August 14th, 2020 in Retirement | 0 comments

Earlier-Than-Planned Retirements From Lee Sherbakoff, The Nalls Sherbakoff Group, LLC Dear friends, Last week another 1.2 million individuals submitted an initial claim for unemployment insurance benefits.  That put over 16 million people out of work and collecting unemployment insurance. Clearly, the arrival of COVID-19 resulted in dramatic changes in the U.S. labor markets with initial claims skyrocketing and a lowering of the labor-force participation rate. A key reason the labor force participation rate fell was a wave of...

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August 2020 Monthly Insight — Pace of Recovery

Posted by on Monday, August 3rd, 2020 in Business, Monthly Insights, Personal Finance | 0 comments

“The pace of recovery looks like it has slowed.” —Jerome Powell, Chairman of the Federal Reserve, July 29, 2020 Last month’s Monthly Insight spoke briefly to our strategic general principals about the markets and investing. That short introduction was followed by a review of the first six months of 2020. One of the key takeaways from the mid-year review was the sheer unknowability of the short- to intermediate-term market moves and economic productivity. Clearly, much of the economic data at that time was extremely negative, with record...

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Why Are Women Under-Confident When It Comes To Managing Their Finances?

Posted by on Thursday, July 30th, 2020 in Business, Investing, Monthly Insights, Personal Finance, Wealth Management | 0 comments

Why Are Women Under-Confident When It Comes To Managing Their Finances?

By Kim Spencer, CFP®, CDFA® I’ve been helping women as a financial advisor for over 30 years. In that time I’ve noticed that many women lack confidence in managing their finances. Though this problem has many causes, there are steps women can take to help gain more confidence and better manage their money.  There is a fundamental difference in how women and men approach money. Often, women have too many goals at the same time and have a hard time prioritizing them. Many women also believe the money they currently have is all they will...

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