When was the last time you examined your will or trusts? How about power of attorney or plans to gift assets? Under the new tax act, only eight per 10,000 estates will owe federal estate tax—at least until the act sunsets. That means everything needs to be reviewed. According to the Center on Budget and […]
Read moreHealthcare professionals understand that the treatment programs they deliver are based on a thorough analysis of their patients’ symptoms, pre-existing conditions, and health risk factors. Yet, their long-term financial wellness is often put on the line. Lack of time, in addition to the unique financial challenges faced by physicians, warrant a visit to a specialist. Managing Debt […]
Read more[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 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 moreMost people don’t realize how vulnerable they are or what they can do to maximize their security. After watching, I guarantee you will be better prepared to protect yourself, your family, and your business from the quietly raging cyber wars targeting us all.
Read moreWants, needs and how we spend our money have all changed, the shift in financial planning to achieve this has been slower to evolve, and we have unfortunately found ourselves in a situation where credit has become more dangerous than ever before and the cause of many economic problems in the US (as we are […]
Read moreAsset allocation is how you allocate your money to different asset classes e.g. stocks, bonds, cash. The mix you pick has a big impact on both your expected return and the amount of risk you are taking. Each person has an ideal asset allocation based on their investment strategy, goals, and risk tolerance. The purpose of asset allocation The overall goal […]
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.