I 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 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 moreThe key with tax planning is to be proactive. The purpose of having three different tax buckets is to minimize taxes now or in the future, and to provide flexibility when taking withdrawals. This strategy is also called tax diversification. Bucket #1 This bucket is for tax-deferred assets, such as retirement plans (traditional IRAs, 401(k)s, […]
Read moreOne of the most confusing topics in retirement planning is understanding the basics of Social Security. I will admit that Social Security can be extremely technical, confusing and downright boring, and with the future of Social Security uncertain, many people are hesitant to put in the time and brain cells required to understanding how the […]
Read moreGreat financial advice should cost you much less in the long term than no advice at all. Not all advisors are the same, but if you do find a great one, it’s important to think about the overall value they can provide when considering costs. A Great Workout Hiring a financial advisor isn’t for everyone. […]
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.