May Retirement Briefing

Sherman Family Updates

Hello friends!

As we welcome the warmth and energy of June, I wanted to take a moment to share some personal highlights from my family’s May and to remind you of the values that guide our work together at Sherman Private Wealth Management.

This past month was filled with milestones and cherished moments. My boys, Jack and Jett, have both been growing and thriving in their own special ways. We recently attended their school’s open house and ice cream social, an event that always fills me with pride. Walking through their classrooms and seeing the projects and artwork they’ve poured their hearts into was a wonderful reminder of how much growth happens in just one school year. With their last day on June 11th, we’re looking forward to celebrating all they’ve accomplished before summer officially begins.

On the field, Jack had a remarkable month in football—I had the pleasure of coaching his team, and together we celebrated two wins and one loss. Jack truly stepped up this season, making some impressive throws as quarterback and pulling off a few memorable catches as receiver. It’s been incredibly rewarding to watch him develop not only his athletic skills but also his sense of teamwork and perseverance.

Off the field, Jack has continued with his passion: golf. He’s been attending a weekly Wednesday golf camp and recently completed his first tournament as part of the Operation 36 program. It’s exciting to see him take on new challenges and enjoy the journey of learning a new sport.

Meanwhile, Jett continues to find joy in his weekly art class in downtown Rochester. His creativity never ceases to amaze me—last week, he crafted a beautiful bouquet of flowers from melted plastic Dixie cups! Seeing his enthusiasm for art and the pride he takes in his creations is a constant source of inspiration.

And, of course, we can’t forget about Teddy, our Mini Aussie Labradoodle, who celebrated his first birthday on May 31st. The breeder hosted a special reunion for Teddy and all his siblings, which was a heartwarming way to mark the occasion and watch them play together again.

On a personal note, Lindsay and I have been able to sneak in multiple rounds of golf this May, enjoying the early signs of summer together. Now that the weather has truly turned for the better, we’ve also started playing pickleball outdoors. It’s been a blast, and I’m loving every minute—even if it means I’ll be sporting some rather noticeable sunglasses tan lines! Consider yourself warned if you see me in person soon.

Connecting the Dots

Just as each of these moments—whether it’s a school project, a football game, an art class, or a puppy party—reinforces the importance of nurturing growth, celebrating achievements, and building meaningful relationships, these values also guide our approach at Sherman Private Wealth Management. We understand that your financial journey is unique, and we’re committed to providing you with a comprehensive, tax-smart, and personalized financial plan that gives you clarity, confidence, and actionable steps toward your goals. Whether you’re focused on retirement, estate planning, legacy building, or risk management, we’re here to help you every step of the way.

Thank you for being part of our extended family. If you’d like to discuss your financial plans or simply share your own family updates, please don’t hesitate to reach out.

Warm regards,

-Jason

P.S. Don't forget to follow our Facebook page! I'll be sharing more family pictures and updates there. It's a great way to stay connected and see some behind-the-scenes moments from our adventures. Looking forward to seeing you in the comments!

Sherman Private Wealth is Growing!

Each year, about half of our new clients come through referrals from our existing clients. Our specialty in working with retirees, or those within 5-7 years of retirement, means our services are specialized and not suitable for everyone.

However, we are always happy to speak with your friends or family about any financial questions they may have. Even if we’re not the right fit for long-term service, we’ll provide our best advice and help connect them with the appropriate specialist.

We currently have the capacity to add 12 new clients this year. Thanks to our team’s hard work, we can easily accommodate this growth while continuing to deliver exceptional value to our existing clients.

For those interested in learning more our website outlines our "assessment process; this ensures potential clients make informed and educated decisions about our firm before committing any fees or entrusting us with a single penny of their savings.

Thank you for your continued support of our firm!

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Succession Planning for... Sherman Private Wealth?

We've built hundreds of "succession" plans for clients over the years.

Succession planning isn't just about ensuring wealth is passed down properly, it's about ensuring the continuity of your life's work.

So we'd be remiss to neglect our OWN succession plan here at Sherman Private Wealth.

Introducing Bradley Augustine, AIF® - We have entrusted Bradley with a pivotal role in the SPW practice. Should unforeseen practices prevent Jason from continuing his great work here, Bradley will seamlessly take over the responsibilities, ensuring that our clients continue to receive the high level of service they have come to expect. His extensive experience and dedication to sound financial counsel make him exceptionally qualified to uphold the trust and relationships we have built over the years.

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We've been actively sharing our knowledge, thoughts, opinions, and distinct approach to financial planning on LinkedIn and Facebook. If you haven't already, please check out some of our posts and give us a follow.

If you know anyone who would benefit from hearing our posts, please feel free to share with them as well!

May Market Update

May 2025 Market Review: Optimism and Opportunity for Retirees

As we turn the page on May 2025, I want to share key market insights and strategic guidance tailored for those nearing or enjoying retirement. At Sherman Private Wealth Management, we remain committed to delivering tax-smart, personalized financial planning—helping you navigate both opportunities and uncertainties with clarity and confidence.

Market Highlights: Strong Gains and Renewed Optimism

May was a standout month for U.S. equities, with the S&P 500 rising 6.15%, the Dow Jones up 3.94%, and the Nasdaq surging 9.56%—the best monthly performance for major indices since late 2023₁. This broad-based rally was fueled by the de-escalation of U.S.–China tariffs, positive corporate earnings, and improved consumer sentiment. Large-cap technology stocks led the charge, but gains also extended to sectors such as industrials and consumer discretionary, signaling a healthy and diversified market advance.

Corporate earnings growth remained robust, with S&P 500 companies reporting a 12.5% year-over-year increase in Q1, and an impressive 77% of companies beating earnings expectations6. This resilience, even amid global trade uncertainties and shifting economic headlines, underscores the adaptability and strength of today’s leading businesses.

Economic Backdrop: Stability Amid Change

While the market’s momentum is encouraging, it’s important to acknowledge the mixed economic signals. Inflation remains elevated, and the Federal Reserve has indicated it will maintain current interest rates through year-end to address fiscal deficits and price pressures₂. The labor market shows some signs of cooling, but unemployment remains stable at 4.2%₁.

For retirees and pre-retirees, these dynamics reinforce the value of a well-diversified, income-focused investment strategy—one that balances growth potential with capital preservation and reliable cash flow.

What This Means for Your Retirement Plan

1. Diversification and Income Remain Key

As you approach or enjoy retirement, your portfolio should naturally shift toward a blend of growth and safety. Bonds, especially U.S. Treasuries, high-quality corporates, and municipal bonds, can offer income and can help buffer against equity volatility. Bond laddering strategies can further reduce interest rate risk and provide predictable cash flow.

Retirement income funds and dividend growth funds are also valuable tools, offering a balance between steady payouts and modest growth. These vehicles are designed to help you meet your income needs without sacrificing long-term financial security.

2. Tax-Smart Planning is More Important Than Ever

With significant tax law changes on the horizon at the end of 2025, now is the time to review your withdrawal strategies, Roth conversions, and account location. Managing required minimum distributions (RMDs), optimizing tax-advantaged accounts, and considering charitable giving from IRAs can all help minimize your tax burden and maximize your retirement income.

3. Stay the Course—With Confidence

Despite headline volatility and global uncertainties, the fundamental drivers of market growth remain intact: resilient corporate profits, ongoing innovation, and a healthy consumer sector. At Sherman Private Wealth Management, our disciplined, tax-smart approach is designed to help you weather short-term fluctuations while keeping your long-term goals in focus.

Looking Ahead: Opportunity Through Proactive Planning

The market’s strong performance in May is a reminder that optimism and discipline go hand in hand. As we move through 2025, we will continue to monitor economic developments, tax law changes, and market trends, adjusting your plan as needed to ensure you remain on track for a confident and fulfilling retirement.

If you have questions about your portfolio, tax strategies, or how current events may impact your financial future, please reach out. Together, we can turn uncertainty into opportunity and ensure your retirement plan remains as dynamic as your life.

Wishing you a prosperous summer with fewer taxes.

Your retirement and tax planning partner,

Jason Sherman, CFP®, AIF®

Owner & Founder, Sherman Private Wealth

Citations:

1) https://www.nasdaq.com/articles/may-2025-review-and-outlook

2) https://am.jpmorgan.com/gb/en/asset-management/per/insights/market-insights/market-updates/monthly-market-review/

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. 749371-1

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This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks, including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities.

The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

This material was prepared by Sherman Private Wealth. All information is believed to be from reliable sources; however, Sherman Private Wealth makes no representation as to its completeness or accuracy.

Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Past performance does not guarantee future results.

Asset allocation does not ensure a profit or protect against a loss.

Not Insured by FDIC/NCUA or Any Other Government Agency

Not Bank/Credit Union Guaranteed

Not Bank/Credit Union Deposits or Obligations

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