Filing your taxes is never fun. Whether working with a tax professional or doing it on their own, you may feel stress. We hope this guide will help better equipped you to navigate the process of gathering your documents for filing your 2023 tax return. This checklist covers the key issues to consider when preparing […]
Read moreThere are lots of important numbers that taxpayers need to keep in mind. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently. To help taxpayers, we’ve created the two-page “Important Numbers” summary guide. This quick reference guide covers the most […]
Read moreTax-free withdrawals. Although a Roth IRA does not provide a current tax benefit as you contribute after-tax dollars to your account. But withdrawals are tax-free. If you think your tax rate in retirement will be higher than it was while you were working, you should consider a Roth IRA. Two factors could drive this: You expect […]
Read moreDo you have an old vehicle that you no longer use? If so, one option to dispose of it is to donate it to a charity. Depending on the needs of the charity and the type of vehicle you own, the charity may use the vehicle itself, sell it to a salvage yard or sell […]
Read moreIf you’re like many Americans, you may feel some unease when there is volatility in the markets. No matter what happens, try not to cash out your 401(k), a move that could trigger taxes and reduce your retirement security in the long run. Be patient, and let your money keep growing through the market’s ups […]
Read moreMany individuals find themselves in the sticky situation where elder care planning for a parent and applying for financial aid has placed financial strain upon them. Parents want to do right by both their aging parent and child, but given the collision of events they may have to make a hard choice. To set the […]
Read moreThe cash comes in. The cash goes out. We’re all familiar with how cash flow works. However, are you taking the proper steps to track and manage this crucial piece of your financial plans. That’s why we’ve created a financial planning checklist that addresses cash flow management. Your Role In The Conversation Generally speaking, people […]
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 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.