Category: BlogPost
How do Fee-Only Financial Advisors get Paid?
There are two basic advisor payment structures to be aware of, fee-only and commissions. Fee-Only advisors do not accept any fees or compensation based on product sales. On the other hand, commission-based agents and brokers are paid commissions from the products they sell. Fee-only financial advisors, such as the members of our team always operate as fiduciaries. […]
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Why “Fiduciary” is critical when Choosing a Financial Advisor
When choosing a financial advisor you want someone who has only your best interest in mind. Often times non-fiduciaries may steer you towards risky or sub-par investments that pay them a bigger commission. Fiduciary Financial Advisors Do Their Research Fiduciaries must make sure their recommendations are based on accurate and complete information. This means that […]
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Three Reasons Why to Select a Fiduciary Advisor
A Fiduciary Advisor Does Their Research Fiduciary advisors must make sure their recommendations are based on accurate and complete information. That means they are required to thoroughly analyze your accounts, goals and circumstances before recommending that you buy an investment or use a particular savings vehicle. Fiduciaries must then monitor their recommendation to make sure […]
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Why Should I Hire a Fee-Only Financial Advisor?
As you get older, busier and hopefully wealthier, your financial goals get more complicated. A fee-only financial advisor is paid directly by the client on a transparent and pre-arranged payment plan. This can be an hourly or project rate, monthly retainer, or percentage of investments managed. Fee-only financial planners are registered investment advisors with a […]
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Fee-Only vs. Fee-Based Advisor Compensation: What’s the Difference
A fee-only advisor is compensated only by the fees he or she directly charges and not by commissions earned from the sale of a financial product. The fee they charge could be hourly, a flat retainer, or based on a percentage of your investment assets they manage. A major benefit of working with a […]
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2021 Tax Planning Opportunities
The end of the year provides a number of planning opportunities and issues. Year-end topics can include tax planning, investment and retirement accounts, charitable giving, cash flow and savings, insurance and estate planning. In this checklist, we cover a number of planning issues that you need to consider prior to year-end to ensure they stay […]
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Common Retirement Plans For Small Business Owners
As a business owner you have many options when establishing retirement plans. Several key factors, specific to each client’s unique situation, must be considered in order to select the appropriate plan or combination of plans. To help differentiate between the most commonly adopted retirement plans, we have created this chart. You can use this guide […]
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Create a Free IRS Online Account as a Tax Preparation Tool
Shore Financial Planning prepares tax returns for individuals and small businesses. We recommend that our clients’ create an online account with the IRS in order to independently verify your tax records on an expedited basis to help assist with ongoing: Tax Preparation Tax Planning Identity Protection Assistance with tax issues The account creation process is: […]
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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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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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