by T. Lee Sherbakoff, CPA/PFS, CFP® | Dec 15, 2015 | Investing, Market and Economic Updates, Monthly Insights, Personal Finance
Bernard Baruch is not a household name, so a quick background is in order. He was a financier, a stock investor, a philanthropist, and an economic advisor to Presidents Woodrow Wilson and Franklin Roosevelt. Baruch once quipped, “The main purpose of the stock market...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Nov 15, 2015 | Investing, Monthly Insights, Personal Finance, Retirement
October was a wild month for the markets—and for many baby boomers who planned for retirement income by synchronizing and coordinating their timing for claiming Social Security benefits. The last week in October saw Congress put an end to two Social Security filing...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Oct 15, 2015 | Investing, Market and Economic Updates, Monthly Insights, Personal Finance, Retirement
Last month’s letter talked about preparing yourself for major market moves, especially downward moves, by conducting “lifeboat drills” in order to dampen your “startle response”, which might result in an inappropriate decision that would...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Sep 15, 2015 | Monthly Insights, Personal Finance, Wealth Management
Last week Don and I sent out a special newsletter that highlighted historical market volatility and average recovery time it has taken the markets to return to previous highs. For example, investors can expect draws down of approximately 10% about once a year. A...
by T. Lee Sherbakoff, CPA/PFS, CFP® | Aug 15, 2015 | Monthly Insights, Personal Finance, Retirement
Social Security offers U.S. Government-guaranteed, inflation-adjusted lifetime income. Having such a guaranteed income is of great importance to most retirees, and it’s important to understand how timing and claiming decisions for Social Security can have an impact...