Cheryl Sherrard quoted in Financial Planning Magazine

Cheryl Sherrard quoted in Financial Planning Magazine (July 1, 2013). Group disability is, by far, the way that most people have coverage. It’s often free or available at very low cost, and there’s no medical underwriting involved. But it only goes so far, advisors caution. The benefit can be taxable if an employer pays the premium or if the employees pay it pretax. That could come as a shock to someone who believes they’ll be getting 60% of their salary only to find out that a big chunk of it is taxed. Also, group coverage is based on salary rather than total compensation. Someone whose earnings are based largely on a bonus may find the benefit woefully lacking, says Cheryl Sherrard, director of financial planning with Clearview Wealth Management in Charlotte, N.C. And group disability often places severe restrictions on which type of disability will be covered. The plans usually pay for 18 to 24 months if a person is not able to perform his or her occupation; after that, they typically only continue to pay if that person can’t Read on! →

The Many Faces of Aging

I recently attended “The Many Faces of Aging” seminar hosted by the Charlotte Mecklenburg Council on Aging and The Ivey.  It was an extremely well attended event and had a panel of nationally recognized experts in topics of aging.  I attended initially because I am familiar with one of the speakers, Ron Manheimer, who is the retired ED of the NC Center for Creative Retirement at UNCA.   This was my first interaction with Sandra Timmerman, ED for the Metlife Mature Market Institute.  Both are nationally recognized experts in the field of aging and were wonderful sources of information and education. What I learned is that while Charlotte is not typically seen as a “destination” for retiring adults like Asheville or Pinehurst might be, there are a large number of senior adults in the city who are interested in improving their overall situation.  This search for improvement encompassed topics like finding ways to connect with other seniors, locating appropriate and enjoyable volunteer opportunities, and learning more about the community services available to enable “aging in place”.  I appreciated that the seminar Read on! →

Successful Aging

A recent article from Marketwatch talks about the concept of “successful aging” and what that looks like.  We all know those who age gracefully and look much younger than their birthdate indicates. However, is that the result of genetics or purposeful steps they took along their life’s journey?  The article suggests that we need to be doing all that we can today to stack the odds in our favor later in life.  As I look around me at those who are 10-15 years older than myself and getting ready to retire, it doesn’t take much looking to realize that the likelihood that some of them will experience “successful aging” is pretty slim.  They are overweight, inactive, and in many cases, already experiencing major health issues.  Most will tell you that they plan to change when they get some free time.  However, I would say that by waiting until their mid-60’s to begin to incorporate healthy routines into their lives, they may have already done irreversible damage. Although it is difficult to incorporate healthy habits into your life when you are Read on! →