The way in which your financial planner is compensated can make all the difference in the recommendations they make for you. That’s because some advisors work under a standard that requires only that their recommendations be suitable to your particular situation. Other planners work under a fiduciary standard that requires advisors to consider what is in their client’s […]
Read moreIf you’re in the market for a financial advisor, you might come across people with titles as confusing as “chartered college planning specialist” or “retirement management analyst.” After all, financial advisors depend on convincing clients of their reputation. As a result, there are over 50 different job titles to describe people who specialize in financial […]
Read moreI typically meet doctors after they have been burned by other “advisors” who sold them products that may not have been in their best interest. A fee-only financial planner can help physicians take a holistic view of their finances, identify goals and risk, and create a plan, to protect and grow their wealth through retirement […]
Read moreAs fee only advisor, I do not represent a bank, a brokerage firm, or insurance company. My sole source of compensation is paid directly by clients in the form of a fee. Why is that important? If you don’t know how your advisor is being paid how do you know if the advice they are […]
Read moreWhen was the last time you examined your will or trusts? How about power of attorney or plans to gift assets? Under the new tax act, only eight per 10,000 estates will owe federal estate tax—at least until the act sunsets. That means everything needs to be reviewed. According to the Center on Budget and […]
Read moreHealthcare professionals understand that the treatment programs they deliver are based on a thorough analysis of their patients’ symptoms, pre-existing conditions, and health risk factors. Yet, their long-term financial wellness is often put on the line. Lack of time, in addition to the unique financial challenges faced by physicians, warrant a visit to a specialist. Managing Debt […]
Read more[player id=1934] Joseph Vecchio CPA, CFP, MBA a self-described ‘Hard-Core Fiduciary Advisor’ gives a behind the scenes look into the financial planning process with potential new clients. Learn the 3 BIG QUESTIONS that he uses during a discovery meeting to discover potential client’s motivating factors in life.
Read moreFinancial planning is all about creating unique goals and solutions for you and your life. Whether you’ve already saved your first million on your own, have come into some money, or starting a new family, it’s never too early or too late to find the right financial advisor. Think of an advisor as a trusted guide […]
Read moreProcrastination is a woe many of us strive to understand and manage. Seasonality may have quite a bit to do with why we put things off. In fact, 76% of shoppers say they put off making holiday purchases right up until Christmas. While you can put gift shopping off until you start hearing holiday jingles, and reap […]
Read moreWhat does a bad financial advisor look like? Let’s have a look at the red flags that you should look out for. It’s important to understand that there are two boxes your advisor should always check. First, your financial advisor should have the necessary credentials (Certified Financial Planner (CFP), Certified Pubic Account (CPA) or Chartered […]
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.