Author: Joseph Vecchio
Are Interactions with my CFP® Confidential
We recently helped a client who was at an exciting, pivotal point in his life. After years of hard work, he was able to sell the company that he built and went from having a small amount of savings to having a life-changing amount of wealth. With the intention of investing this wealth in a […]
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How Shore Financial Planning Supports Local Businesses
Unfortunately, it’s tough for many small local businesses to keep their doors open during the pandemic. They face stiff competition from corporate chain stores and online retailers, which usually offer lower prices and a more extensive selection. If you want to see your town’s local businesses survive and prosper, you have to go the extra […]
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What is a Letter of Instruction?
By taking a few hours to write a letter of instruction, you can save your family a lot of headache in the event that something unexpected happens to you, or if they had to settle your estate. To improve your understanding of what a letter of instruction is, consider the following story: Mary is considered […]
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Why Free Trades Aren’t Free
Wouldn’t it be amazing if trades were free? A newer investing platform that comes with its own snazzy app aims to do just that. It’s called Robinhood, and it has become increasingly popular during the pandemic, but are trades on this platform really free? Not really, and here’s why. Commonplace Investing Fees There is really […]
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Luke Carey Joins the Shore Financial Planning Team!
We are excited to welcome Luke Carey, CFP, MS to our team at Shore Financial Planning. Luke has developed a deep personal interest in financial planning through watching his mother, a single parent, work hard to put herself through college while simultaneously building a career. Luke’s experiences with loss and personal injury have given him […]
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Portfolio Rebalancing: What is it and What Are its Benefits
Market fluctuations and the types of investments you have can cause your portfolio to get out of balance. How you react to this can either keep your portfolio in line with your long term goals…or add unnecessary risk to your future. Market ups and downs make it difficult to know when to make adjustments…and when […]
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Build Wealth Using Tax Planning
Taxes are often viewed as a burden on wealth, but in reality, they can be leveraged to build wealth. By taking an unconventional look at tax planning, and consult a certified financial planner, you can actually start to put more money in your pocket. The Government Wants you to Pay as Few Taxes as you […]
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7 Advantages of Having a CPA Prepare Your 2020 Taxes
There are many benefits to working with a Certified Public Accountant, and most people find them to be well worth the cost. While anyone can file taxes on their own or use a different tax preparation solution, it is not always the most cost effective option. As the saying goes, just because you can do […]
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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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The 5 Best Questions To Ask Your Financial Advisor In 2021
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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