Author: Joseph Vecchio

December 22, 2020

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Consider Adding a Trusted Contact to Your Accounts

When you open a new retail account or update your account information, your brokerage firm will request that you give them the name and contact information of a “trusted contact person.”  It is not mandatory that you do so — but there are a number of very important reasons to give your broker the name […]

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October 27, 2020

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The 5 Best Questions To Ask Your Financial Advisor In 2020

There are over 300,000 financial advisors in the U.S. with no standard requirement to earn the title(s): financial advisor, financial planner, wealth manager, etc. How would you feel about going to a doctor who was never sworn under the hippocratic oath to preserve and protect life? If that idea makes you uncomfortable, this blog is […]

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October 19, 2020

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The Top 7 Financial Mistakes You’re Probably Making

7 Financial Mistakes You’re Probably Making Right Now:   1) You Don’t Save Your Money     We’ve all heard this before and that’s because it’s one of the most important things you can do, not only to save money but also to add to your money. Any financial advisor will tell you that you […]

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October 7, 2020

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401k Fiduciary Responsibility

Any Individual or entity with discretionary authority over a 401(k) plan’s administration or investments is considered a “fiduciary” to that plan. 401(k) plan fiduciaries ordinarily include the employer, trustees, and investment advisers. Attorneys, accountants, recordkeepers, brokers and insurance agents are generally not fiduciaries. The key to determining whether an individual or an entity is a […]

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September 22, 2020

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3 Red Flags Your 401k Provider Hides From You

Overpaying for a 401(k) could lead to serious consequences like being sued or postponing retirement. Business owners do this all the time. They’ll hire a 401(k) provider without fully understanding their fees. Even when they know that paying excessive 401(k) fees could get them sued or force plan participants – including themselves – to work […]

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September 16, 2020

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Employer Fiduciary Responsibilities

Whether large or small, employers that provide a retirement plan all face one common risk: Fiduciary Responsibility. Employers that provide a retirement plan have a fiduciary responsibility to keep the plan in compliance with the Employee Retirement Income Security Act (ERISA). Due to the complex  regulatory rules, plan sponsors can often find it difficult to […]

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September 15, 2020

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Shore Financial Planning’s Investment Philosophy

PASSIVE INVESTING = Academically Oriented  Investment Philosophy which is grounded in Modern Portfolio Theory.  This philosophy emphasizes broad diversification of risk which leads to increased return. ASSET ALLOCATION to help ensure Long-Term Investment Success. We develop an appropriate asset allocation strategy that is customized to meet the goals and time horizon for each client. Research […]

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August 31, 2020

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3 Questions You Should Ask

Are your recommendations truly in my best interest? Imagine going to your doctor with a concern about your heart. Before running any tests, the doctor tries to sell you a pacemaker. The doctor then explains that you need to act today before prices go up. Later you learned that the doctor was paid extra to […]

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August 5, 2020

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Three Ways the Financial Media Deceives You

Watching financial news on CNBC or Fox Business can whip anyone into a frenzy. The loudmouthed hosts, alarming headlines, and fear over missing out on a “hot stock” can make even the most disciplined investor anxious. However, it’s crucial to know that these outlets are primarily motivated by selling advertisements and luring in consumers. They […]

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July 28, 2020

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What Is a Credit Score

Having a good credit score is imperative for your financial health. It allows you access to many savings and benefits along with loans and credit cards that can come with valuable perks. We’ll cover the three fundamentals of credit scores: What a credit score is and how is it calculated How to improve and maintain […]

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Shore Financial Planning © 2021 All Rights Reserved.

Shore Financial Planning is a fee-only financial advisor based in Monmouth Beach, New Jersey. As a fee-only/commission-free/flat-fee financial planner, I do not sell products or collect commissions. I am a fiduciary financial planner that specializes in tax-focused planning as a CERTIFIED PUBLIC ACCOUNTANT (CPA), and CERTIFIED FINANCIAL PLANNER™ CFP® professional. I serve clients in New Jersey and remotely throughout the U.S.A.