Many people wonder how they can get ahead financially. The truth is that building lifelong financial stability is less about having the best possible trick up your sleeve and more about having long-term dedication. When you consistently make good financial decisions, you’re setting yourself up for a lifetime of personal finance success! #1: Save Early […]
Read moreCould the tremendous influx of quantitative easing aimed at shoring up the economy during the pandemic unleash pent-up inflation or even lead to a dreaded debt spiral? President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is aimed at providing financial relief for the economic downturn caused by […]
Read moreThe traditional approach to retirement has been to put your head down and work hard until your mid-60’s, at which point you stop working altogether and enjoy the “golden years.” The idea is that you put in your time over the years and retirement is the reward for your effort; the point when you can […]
Read moreDepressions and recessions differ both in duration and the severity of economic contraction. A recession is a normal part of the business cycle that generally occurs when GDP contracts for at least two quarters. A depression, on the other hand, is an extreme fall in economic activity that lasts for years, rather than just several […]
Read moreThe Coronavirus will have far-reaching impacts for us all. On March 20, 2020 the Department of Education issued a press release that clarified comments made by the President during the emergency declaration on March 13, 2020. The initial announcement did not provide any specific detail on the student loan interest suspension stated by the President. […]
Read moreCOVID-19 could drastically slash your interest if you currently owe student loans or if you plan on borrowing money for school. Knowing what actions to take could save you a huge sum of money. How low can federal student loan interest due to the COVID-19? According to the CBO, here is the margin added to […]
Read moreWhat is fee only and tax focused advice? As 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 […]
Read moreIf you have made the decision to pursue Public Service Loan Forgiveness (PSLF), one of the first things you need to do is consolidate your student loans. You need to do this as soon as possible. The day after you graduate would be a good time. “Consolidate Your Federal Student Loans as Soon as Possible […]
Read moreAs global markets continue their roller coaster ride due to fears surrounding the coronavirus, our most recent bull market officially turned into a bear market. But what does that mean? And are we on the verge of another recession like the one we had in 2008? In light of all these concerns, today I will […]
Read moreForecasters, Market Timers, and Other Behaviors Are A Threat To Your Long Term Goals Investment plans must be inspired by your goals for the future, and constructed with principled investment strategies and evidence for what works in investment management. Not on a hunch, or on what pays a broker the highest commission. This in essence […]
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.