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For years, 529 plans were viewed primarily as college savings accounts designed to help families pay for tuition. While that remains their core purpose, recent legislative changes have significantly expanded how these accounts can be used. Today, 529 plans offer families greater flexibility to support educational goals at every stage of life—from kindergarten through graduate…
Credit isn’t just a number—it’s the backbone of your financial life. It quietly influences nearly every major money decision, from buying a home to getting approved for an apartment or even paying less for insurance. Just like your health or career, credit needs regular upkeep. Ignore it, and it can quietly hold you back. At…
April marks Financial Literacy Month, a time dedicated to promoting financial education and empowering individuals to make more informed financial decisions. Financial literacy isn’t just about knowing how to budget or invest—it’s about building confidence in managing your money and feeling empowered when making the decisions that you do. At Sherman Wealth, we always say,…
April is one of those pivotal months in financial planning where small actions can have an outsized impact on your year. So, let’s discuss some top of mind financial planning items to revisit this month. First and foremost, if you haven’t already filed your taxes, this is the final stretch—make sure your return is submitted…
Have you ever started the year with big intentions to finally stick to a budget only to watch it fizzle out after a few weeks? You’re not alone. Many people set out with a plan to track every dollar, cut spending, and save more, but most traditional budgets fall apart before they really gain traction….
As winter comes to an end and spring approaches, March is the perfect time to pause and take a closer look at your finances. With tax season underway and the year beginning to take shape, many households finally have a clearer picture of their income, spending habits, and financial priorities for the year ahead. A…
The spring housing market is approaching, and in competitive areas like Washington, DC, Maryland, and Northern Virginia, it moves quickly. If you’re planning to buy a home this year, preparation should begin well before you step into an open house. The strongest buyers are not the ones who react fastest, they are the ones who…
February may be the shortest month of the year, but when it comes to financial planning, it’s one of the most important. While January is filled with resolutions and fresh starts, February is where real financial decisions begin. Tax documents arrive, bonuses are paid, retirement contribution deadlines approach, and the first true budget review of…
Life doesn’t stand still, and neither should your financial protection strategy. Every major milestone—whether it’s a new job, the birth of a child, a home purchase, or a significant salary increase—fundamentally alters your family’s financial landscape and protection needs. Yet many families continue operating with the same life insurance policies, estate plans, and beneficiary designations…
Are you thinking about buying a new car or saving for your first home, but can’t quite decide if now is the “right time”? For many young professionals, especially those in their late 20s and early 30s, these decisions are major life milestones. You’re earning more, you’re building a career, and on paper, it seems…