Stop Losing Money: Why Parking Cash in Banks Is Costing You Big Time! In today’s financial landscape, letting your cash sit idle in a bank account or locking it into CDs with teaser rates that quickly dwindle is a costly mistake. Instead, savvy investors are opting for smarter ways to manage their idle cash and […]
Read moreIntroduction: When it comes to handling your finances, especially taxes, trust is paramount. Yet, many people overlook the importance of thoroughly vetting their tax preparer, despite the sensitive nature of the information they handle. At Shore Financial Planning, we understand the significance of selecting the right tax professional, which is why we’ve compiled these eight […]
Read moreDiscover the Power of Proactive Tax Planning to Permanently Reduce Taxes and Grow Wealth. How it Impacts the Business and/or Real Estate Owner: Taxes can be the largest recurring expense for business and real estate owners, often delaying or even destroying wealth-building plans. On average, individuals worldwide pay 30-50% of their income in taxes, including […]
Read moreCOST SEGREGATION Is an IRS APPROVED Method to reduce or eliminate federal income taxes. We provide cost segregation reporting for federal income tax reduction by calculating costs of property components and segregating each to the correct depreciation lives, including short-life classifications. Shorter depreciation time lowers taxable income. Why Do a Cost Segregation Study? Beyond the […]
Read moreThe Qualified Business Income (QBI) deduction and related rules and guidance can be difficult to navigate. Also, there are several factors and issues that eligible business owners must consider. Additionally, to help make the analysis easier, we have created the “Am I Eligible For A Qualified Business Income (QBI) Deduction?” flowchart. It addresses some of […]
Read moreThe bond market today resembles the stock market in 1998-2000 and the real estate market in 2006-2007!!! Both Asset Bubbles were predictable and ended badly for investors!!! How is it possible to make such a claim??? Risk vs. Reward Analysis Based On Valuations We are at a rare point in history where the risk/reward analysis […]
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 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 moreDo you want to know if your financial advisor is a fiduciary? Just ask. The easiest way to find out if your advisor is a fiduciary is simply to ask. If your advisor says they’re not a fiduciary, ask why. The advisor should offer a clear, concise and logical explanation. They also should be willing and […]
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.