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 […]
Read moreIf 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 […]
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 moreThe 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 […]
Read moreThere are two basic advisor payment structures to be aware of, fee-only and commissions. Fee-Only advisors do not accept any fees or compensation based on product sales. On the other hand, commission-based agents and brokers are paid commissions from the products they sell. Fee-only financial advisors, such as the members of our team always operate as fiduciaries. […]
Read moreWhen choosing a financial advisor you want someone who has only your best interest in mind. Often times non-fiduciaries may steer you towards risky or sub-par investments that pay them a bigger commission. Fiduciary Financial Advisors Do Their Research Fiduciaries must make sure their recommendations are based on accurate and complete information. This means that […]
Read moreA Fiduciary Advisor Does Their Research Fiduciary advisors must make sure their recommendations are based on accurate and complete information. That means they are required to thoroughly analyze your accounts, goals and circumstances before recommending that you buy an investment or use a particular savings vehicle. Fiduciaries must then monitor their recommendation to make sure […]
Read moreAs 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 moreA fee-only advisor is compensated only by the fees he or she directly charges and not by commissions earned from the sale of a financial product. The fee they charge could be hourly, a flat retainer, or based on a percentage of your investment assets they manage. A major benefit of working with a […]
Read moreThe end of the year provides a number of planning opportunities and issues. Year-end topics can include tax planning, investment and retirement accounts, charitable giving, cash flow and savings, insurance and estate planning. In this checklist, we cover a number of planning issues that you need to consider prior to year-end to ensure they stay […]
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.