Why you should get to know your insurance agent!

When was the last time you met with your Property & Casualty Insurance agent? Here’s why you should get to know them. For many of us, our insurance agent is a name on an insurance card, the person we would call if we were ever involved in an accident or if we had a claim to file. The reason we need to get to know our agent is so that they can get to know us and therefore ensure that we are insured appropriately. I recently spent about an hour in my insurance agent’s office to complete a thorough review of my insurance coverage. A higher than anticipated homeowner’s invoice is what prompted me to initiate this session. The agent’s office was more than willing to meet and discuss the policy in detail. We reviewed all the details of our home, including square footage, floor coverings (hardwood, carpet, tile), upgrades to kitchens and bathrooms, outdoor improvements (screened porches, outdoor kitchens), as well as the basics of how many bedrooms, bathrooms, etc. were in the house.  After about 50 detailed questions, Read on! →

Did you know the Serenity Prayer applies to your financial plan?

Many of us are familiar with the Serenity Prayer.  Most individuals understand there are areas of their lives which they can’t control, as well as areas which are entirely within their control.  Thankfully, having the serenity to accept, the courage to change and the wisdom to know the difference might just make the financial journey more enjoyable. In financial planning, there are aspects which are “known” and entirely in your control.  There are also those things which are “assumed”, that may or may not be in your control and that can lead to an uncertain outcome.    A well-constructed plan dives into the details of your life, documents the known factors, and makes educated assumptions about what the future might hold and predicts an outcome.  Some of the assumptions however, are made in areas that are entirely out of your control and therefore can sometimes seem like a shot in the dark. So what does all of this mean for a secure future?  For retirement planning to be most successful, you must distinguish which areas you can control and those you Read on! →

National Healthcare Decisions Day

We all know the significance of April 15th each year, but do you know why April 16th is also important for you and your family?  April 16th is National Healthcare Decisions Day.  The goal of this “National” day is to inspire, educate and empower the public about the importance of advance care planning.  Advance care planning involves taking the time to carefully consider and document your preferences around end-of life care.  It also includes the act of legally designating and empowering an agent to make healthcare decisions on your behalf if you were to become unable to do so for yourself. Although these can be uncomfortable topics to consider, approaching these conversations proactively will allow you to stay in better control of the future, whether you are able to personally voice your preferences, or are reliant on someone else.  The primary benefits of advance care planning include; Careful consideration of your wants and desires at end-of-life Documentation of those desires, including life-sustaining measures to be avoided or applied Requests for specific comfort measures , surroundings or companions as death approaches Read on! →

Retiring Soon? Here are the 5 things you should do first

A recent article on Grandparents.com entitled “Retiring Soon?  Here are the 5 things you should do first” was written by Kristen Sturt and featured advice by Cheryl Sherrard.  Cheryl’s advice included the following; Start tracking your new daily expenses Now that you’re not working, your daily expenditures will change, possibly drastically. “I tell new retirees that it can take a year or two to adjust to retirement and really know what you will spend on average,” says Cheryl Sherrard of Clearview Wealth Management in Charlotte, NC, “and you need to know what your retirement income can support, even in bad market years.” Fill your calendar with meaningful activities Why did you retire? Now is the time to discover the real reason. “Find your passion,” urges Sherrard. “I’ve seen too many individuals retire ‘from’ something and not ‘to’ something. While it takes everyone time to get used to retirement, you have to find a reason to get up in the morning, whether it is volunteering, gardening, finding a part-time gig, etc.” Making concrete plans. “Many are surprised that their goal of Read on! →

Just Dating? 3 Money Topics to Discuss before you get Serious!

Cheryl Sherrard, CFP was quoted recently in a Learnvest article by Meghan Rabbitt, entitled, “Just Dating?  3 Money Topics to Discuss before you get Serious”. Dating discussion #1 included talking about your family money histories. For instance, if he grew up with no money, he may have an inordinate fear of never having enough. On the flip side, if his parents always forked over cash, he may have never learned to delay gratification, says Cheryl Sherrard, a Certified Financial Planner™ (CFP®) and director of financial planning for Clearview Wealth Management in Charlotte, N.C. Knowing what shaped his views can help you compare his experiences to your own and see where your differences may lie. “I think people tend to assume that everyone else will deal with money the same way they do, and don’t think about the fact that money—or the lack thereof—can carry huge emotional ties as well,” Sherrard says. Dating discussion #2 focused on your Debt Situation. Debt can be a squirm-inducing, four-letter word in the realm of dating. But it ranks high on the list of important Read on! →