Category: Uncategorized
Vehicle Donation: Everything you Need to Know
Do 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 […]
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401(k) Planning: What you Need to Know
If 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 […]
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A Financial Planning Checklist: Cash Flow
The 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 […]
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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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Three Important Criteria to Consider When Choosing a Financial Advisor.
Fee-Only: Compensated only by the client without earning commission of any kind for product sales or referrals. Fiduciary: Legally sworn and obligated to always place the interest of the client ahead of their own. Independent: Not affiliated with any brokerage firm, bank, or insurance company.
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Shore Financial Planning’s Investment Philosophy
The Solution to the Challenge of Investing The real key to successful investing involves disciplined application of three major themes found in modern prudent fiduciary investing: Broad diversification of risk Low costs Low taxes (for taxable investors). These factors allow investors the chance to reduce portfolio risk and enhance long term wealth effectively and efficiently. […]
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Should I Contribute To My Roth 401(k)?
Roth 401(k)s have become an increasingly popular alternative to traditional 401(k)s, allowing participants to make after-tax salary deferrals to their employer plans. Many people may have the opportunity to contribute to a designated Roth account in their 401(k), but are uncertain about the best savings strategy for their personal circumstances. What is a Roth 401(k)? […]
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What Issues Should I Consider When Buying a Home?
Buying a home is one of the biggest financial moves that you will ever make. There are a number of issues that you should be aware of, including how the costs of purchasing and owning a home will impact your overall financial planning goals. In this checklist, we cover a number of financial issues that […]
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How Much Should I Be Saving for Retirement?
When it comes to saving for retirement, experts recommend saving 10% to 15% of your income every month, but you can calculate a more personalized goal by following four simple steps. As a rule of thumb, most experts recommend an annual retirement savings goal of 10% to 15% of your pretax income. High earners generally […]
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What Issues Should I Consider When Starting Out Financially?
Many of my clients are parents who are raising children entering adulthood. While parenting is not a core focus area in financial advisory services, we are uniquely situated to provide valuable support by helping teach children to become responsible when starting out financially. Financial literacy is fundamental to financial independence and prudence. However, financial topics […]
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