What Does Annuitization Mean and Should I do it?
Contrary to what many people think, annuities and annuitization are not the same, and confusing them can cause BIG problems for your retirement plan. WHAT IS AN ANNUITY? An annuity is a financial product. Technically, an annuity represents a contract made between the insurance company and the person who bought the annuity. When you purchase […]
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The Value of a Long Term Plan
I’m often asked, “Where should I invest my cash if I plan to make a large purchase in two years?” My answer is always, “ Make a long term plan to help avoid market crashes. Put it in your savings account so you know it will be there when you need it.” Sure, you could […]
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Escape the 9-5 Life with Financial Planning
Do you feel trapped by the 9-5 corporate structure? Are you considering becoming your own boss and taking control of your schedule? I have led numerous clients through financial planning exercises to help them create a vision of their ideal life, and one constant theme that every one of them has become apparent. The ability […]
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Are Interactions with a Certified Financial Planner™ – 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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7 Benefits of Hiring a Fee-Only Financial Planner
Did you know that half of America is worried they don’t have enough money to retire? Are you wondering if your retirement fund will adequately provide for you and your family in your golden years? Have you ever questioned how your broker gets paid and by whom? If so, then you need to learn more […]
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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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What Are Fiduciary Advisors and What Can They Do for You?
Since 2006, fiduciary advisors have shaken the world of financial planning and financial advice. In that year, the Pension Protection Act implemented fiduciary advisors as a new kind of financial professional. This happened amid the relief given to individuals and institutions through taxes and retirement planning. If you haven’t worked with a fiduciary advisor in […]
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