Category: Uncategorized
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 […]
Read more
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.
Read more
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. […]
Read more
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)? […]
Read more
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 […]
Read more
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 […]
Read more
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 […]
Read more
Do I Need to Start Making Estimated Federal Income Tax Payments?
Income tax planning is critical to your financial success. Navigating our complicated federal pay-as-you go income tax system can be difficult. Adding further complexity, you must understand and adapt to changes in tax laws and in your personal circumstances. In each tax year, it is important to ensure that you are properly paying your federal […]
Read more
5 Extremely Easy Ways to Save Money in 2021
Everyone wants to save money, but when it comes to actually saving money, few people do the things required to put themselves in a position for financial peace of mind. Here are five extremely easy ways to save money in 2021. 1. ASK FOR A DISCOUNT At some point, we’ve all heard our parents say […]
Read more
Minimize Your Taxes: Harvesting Capital Gains or Roth Conversations
People often have outsized positions due to appreciation and large pre-tax retirement accounts. You may be looking to reduce portfolio risk and protect gains now, while also aiming to reduce their future income tax burden. Roth conversions and harvesting capital gains are two effective financial strategies that can achieve these goals; however, they accelerate income […]
Read more