The recent announcement of Ascensus acquiring Vanguard’s individual 401(k) retirement plan business has sparked questions among plan participants and small business owners on the future of the retirement plans. At Sherman Wealth, we understand the importance of ensuring that your retirement savings are in the best possible hands, which is why we want to discuss…
As we are now approaching the mid-point of the year, it’s prime time to reevaluate our financial strategies and benchmark our financial goals and resolutions we set earlier in the year. In this blog post, we’ll break down straightforward and actionable financial resolutions you can set if you have yet to set goals, and also…
May is a perfect time of year to reassess your financial goals and ensure you’re on track to get to where you want to go. Whether you’re planning for retirement, saving for a big purchase, or just looking to improve your financial health, this consolidated financial planning checklist for May will provide you with some…
As financial advisors, one of the common challenges we observe among individuals is the phenomenon of lifestyle creep. This gradual increase in spending as income rises can have a significant impact on long-term financial goals. In this blog, we’ll take a look into what lifestyle creep is, its implications, and practical tips on how you…
April marks National Financial Literacy Month, and it’s more than just another item on the calendar. At Sherman Wealth Management, we’re taking this opportunity to dive into why financial literacy, education and empowerment should play a key role in your life. Why is financial literacy so important? Well, because money matters. It affects every aspect…
Becoming a parent is one of life’s most significant milestones, bringing with it immense joy and responsibility. As you prepare to grow and welcome a new member into your family, it’s essential to prepare and adapt a shifted financial mindset. So, let’s discuss what you can financially expect when you’re expecting! Budgeting: Establishing a budget…
In today’s ever-evolving economic environment, mastering the art of saving is essential for achieving financial stability and building your wealth. Whether you’re saving for a rainy day, a dream vacation, or retirement, implementing an effective savings strategy can make all the difference. As financial advisors, we work with clients on automating their savings to seamlessly…
Do you know the difference between good and bad debt? Are you able to maintain and afford the debt you take on? Many individuals are not. In fact, we’ve been reading tons of articles and studies that are finding that Americans, in particular millennials, are piling on debt during this time. Given the inflationary and…
In the ever-evolving world of personal finance, few things carry as much weight as your credit score and the health of your lines of credit. These numbers that appear on your credit report, though may seem insignificant, have great influence over your financial well-being, impacting everything from the interest rates you pay on loans to…
Financial empowerment, literacy, and education are so important not just amongst adults, but children too. So, as we kick start 2024 and think about financial goals for the year, many clients and prospects have been asking us how to think about finances for their kids and the best ways to teach their children about money…