[player id=1934] Joseph Vecchio CPA, CFP, MBA a self-described ‘Hard-Core Fiduciary Advisor’ gives a behind the scenes look into the financial planning process with potential new clients. Learn the 3 BIG QUESTIONS that he uses during a discovery meeting to discover potential client’s motivating factors in life.
Read moreFinancial planning is all about creating unique goals and solutions for you and your life. Whether you’ve already saved your first million on your own, have come into some money, or starting a new family, it’s never too early or too late to find the right financial advisor. Think of an advisor as a trusted guide […]
Read moreWhat does a bad financial advisor look like? Let’s have a look at the red flags that you should look out for. It’s important to understand that there are two boxes your advisor should always check. First, your financial advisor should have the necessary credentials (Certified Financial Planner (CFP), Certified Pubic Account (CPA) or Chartered […]
Read moreThe key with tax planning is to be proactive. The purpose of having three different tax buckets is to minimize taxes now or in the future, and to provide flexibility when taking withdrawals. This strategy is also called tax diversification. Bucket #1 This bucket is for tax-deferred assets, such as retirement plans (traditional IRAs, 401(k)s, […]
Read moreOne of the most confusing topics in retirement planning is understanding the basics of Social Security. I will admit that Social Security can be extremely technical, confusing and downright boring, and with the future of Social Security uncertain, many people are hesitant to put in the time and brain cells required to understanding how the […]
Read moreGreat financial advice should cost you much less in the long term than no advice at all. Not all advisors are the same, but if you do find a great one, it’s important to think about the overall value they can provide when considering costs. A Great Workout Hiring a financial advisor isn’t for everyone. […]
Read moreWhat a great financial advisor is NOT Over the last two decades, the value of an advisor (broker or independent) has changed dramatically. Back in the day, the value was in their ability to “beat the market” by picking the right stocks, bonds or mutual funds on your behalf. The reality is, however, that most investors […]
Read moreMost individuals only think about taxes during filing season – which largely runs from January to April. Yet, this approach has a significant downside. It’s reactive rather than proactive. It doesn’t allow you to plan. If you want to lower your tax bill, think about taxes throughout the year. It can save you money. Why? […]
Read moreThe discussion around marijuana has undergone great social, legal, and economic changes in the last few years: From Reefer Madness to hot new investing fad. Think marijuana is missing from your portfolio? Read this first… Marijuana is illegal on the federal level4 The marijuana industry is governed by a patchwork of state laws and remains […]
Read moreAnyone can call themselves a financial advisor, wealth counselor, financial coach, etc… ? They can LEGALLY work in a capacity that’s NOT IN YOUR BEST INTEREST! Sad but true. Currently most people who offer financial advice are held to a much lower standard, called the suitability standard. The suitability standard means that whatever recommendations your […]
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.