Introduction:Retirement. It’s the golden period of life we all dream of – the time to finally savor the fruits of our labor, travel to exotic destinations, or simply relax with loved ones. Yet, achieving this idyllic retirement isn’t a matter of luck; it’s about meticulous planning and strategic decision-making. In this blog post, we’ll delve […]
Read moreIntroduction: When it comes to handling your finances, especially taxes, trust is paramount. Yet, many people overlook the importance of thoroughly vetting their tax preparer, despite the sensitive nature of the information they handle. At Shore Financial Planning, we understand the significance of selecting the right tax professional, which is why we’ve compiled these eight […]
Read moreDo you want to know if your financial advisor is a fiduciary? Just ask. The easiest way to find out if your advisor is a fiduciary is simply to ask. If your advisor says they’re not a fiduciary, ask why. The advisor should offer a clear, concise and logical explanation. They also should be willing and […]
Read moreAs a professional trader in my prior life (between the years of 1997 – 2019) I became conversant with the stock market and learned the truth about Wall Street. I was fortunate to become financially independent enough to start my own financial planning firm – Shore Financial Planning, located in Monmouth Beach, NJ. Throughout my […]
Read moreThere 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. […]
Read moreWhen 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 […]
Read moreA 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 […]
Read moreAs 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 […]
Read moreA 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 […]
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.