There are any number of different things Small Business Owners can do to cut taxes, including… tax strategies to implement deductions to take tax credits to claim, and legal loopholes to take advantage of Deductions and Tax Credits Alone Won’t Profit You The truth is, on April 15th, it doesn’t matter how many different tax […]
Read moreThe biggest tax mistake I see Realtors make over the years is that they choose the wrong business entity. Most agents and brokers start as sole proprietors; it’s probably the way you started. Most of all small business owners do. In fact, sole proprietorship is the default legal structure for any business owner who hasn’t taken the formal step of […]
Read moreYour personal information is everywhere. It’s kept in social media accounts, online shopping accounts, financial accounts, and pretty much any other account you set up online or offline. Companies are quick to collect your information but continue to have problems securing it. Data breaches happen on an all too regular basis. So until online security reaches […]
Read moreMany of us feel an innate need to make contributions to tax advantaged retirement plans every year. When it comes to personal finance, much of what we read, hear, and see in the media centers on plowing money into your 401k every single year, no matter what. In general it’s great advice. Save early and […]
Read moreWhat gets measured, gets managed! The idea is simple – when you pay attention to something and actively track it, you’re more likely to improve it. The concept applies to many areas beyond business, including personal finance. Successfully managing your finances is about setting goals, then taking necessary steps over time to reach those goals. […]
Read moreWhen you read the word entrepreneurship, I’m guessing you have a few predisposed thoughts that enter your brain. It’s probably some kind of picture, idea, or very possibly a stereotype of what you think entrepreneurship is all about. For most people this image probably has something to do with a new idea, passion, long hours, […]
Read moreWe’re in the middle of tax season and there is still time to contribute to an IRA for last year! Whether it’s a Traditional IRA, Roth IRA, or Backdoor Roth IRA, the IRS allows you to make prior year IRA contributions up until the tax filing deadline of April 15th. We have a 15 ½ […]
Read moreMany investors are completely unaware of the amount of inherent risk in their investment portfolios. My job is to make sure you aren’t caught unprepared for the next gut-wrenching market correction. Now is the time to ask the question “How far can your investments drop in this market correction?” Once you understand how much of […]
Read moreThe majority of our focus when dealing with our money is on our spending and savings. Our common view is that we will save over a long career to build up our 401k and other investment accounts so that we can retire one day. This is necessary and wise but there is much more to […]
Read moreInvesting can seem intimidating and overwhelming. But you don’t have to just cross your fingers and hope for the best. 1. MANAGE YOUR EMOTIONS Behavior is a major factor in investment success. By being aware of your emotions and knowing your behavioral pitfalls, you can avoid many investment mistakes caused by panic. Finances are an […]
Read moreShore 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.