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Tag: financial planning

Why should I hire a fee-only financial advisor
December 27, 2021

By: Joseph Vecchio / 0 comment

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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Fee only vs. Fee based advisor compensation
December 18, 2021

By: Joseph Vecchio / 0 comment

Fee-Only vs. Fee-Based Advisor Compensation: What’s the Difference

A 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 […]

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Passive Investment Philosophy
October 7, 2021

By: Joseph Vecchio / 1 Comment

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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April 21, 2020

By: Joseph Vecchio / 0 comment

Plan First Then Invest

First Plan, Then Invest Your financial plan is primary and dictates every part of your financial life, including investments. The plan tells us your goals, your current resources, your expected future resources, and your cash needs. From this basis, and only this basis, can we start making investment decisions. Before investing one cent in the […]

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April 3, 2020

By: Joseph Vecchio / 0 comment

9 Steps to Build a Solid Financial Plan

Financial planning doesn’t have to be difficult. Yes, there is a lot of technical jargon and complicated things we do behind the scenes, but many of those things can be listed out in laymen terms. So, I thought it would be fun to list 9 things to do for an excellent financial plan, with or […]

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March 17, 2020

By: Joseph Vecchio / 0 comment

Protect Yourself – Fee-Only Financial Planning

What is fee only and tax focused advice? As fee only advisor, I do not represent a bank, a brokerage firm, or insurance company. My sole source of compensation is paid directly by clients in the form of a fee. Why is that important? If you don’t know how your advisor is being paid how […]

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February 27, 2020

By: Joseph Vecchio / 0 comment

3 Questions To Start A Financial Plan

The majority of our focus when dealing with our money is on our spending and savings. Our common view is that we will save over a long career to build up our 401k and other investment accounts so that we can retire one day. This is necessary and wise but there is much more to […]

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February 23, 2020

By: Joseph Vecchio / 0 comment

Why Healthcare Professionals Shouldn’t Buy Insurance Without a Financial Plan

Within the financial service industry, there is no higher form of achievement than sales to medical practitioners during and after their years in residency. The insurance and financial industry have understood for years that graduates from medical school, regardless of their chosen field of expertise, have a potential for significant income over their lifetime. The […]

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February 21, 2020

By: Joseph Vecchio / 1 Comment

Top 10 reasons to Hire a Certified Financial Planner for Medical Professionals…

1. MED SCHOOLS DON’T TEACH DOCTORS ABOUT PERSONAL FINANCE. Doctors are pretty much forced to learn financial planning and investing the hard way since there’s no other way to develop the skills and experience to feel confident when managing their personal finances. A good financial planner, particularly one who likes to educate their clients, can […]

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February 20, 2020

By: Joseph Vecchio / 0 comment

New Retirement Rules: The Secure ACT

The SECURE Act and the changes it brings, particularly to retirement rules. Funding your retirement is likely one of the biggest financial challenges you will encounter in your entire life. As if that weren’t enough, the government has all sorts of rules about how you can save your money, and when you can or can’t […]

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Shore Financial Planning © 2023 All Rights Reserved.

Shore 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.