If 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 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. […]
Read more#1 – START FROM THE END Stephen Covey, author of The Seven Habits of Highly Effective People, often stresses the importance of beginning any project with the end in mind. What does this mean for you, as someone who wants to ensure a safe and secure financial future? It means that you should start by […]
Read moreThe traditional approach to retirement has been to put your head down and work hard until your mid-60’s, at which point you stop working altogether and enjoy the “golden years.” The idea is that you put in your time over the years and retirement is the reward for your effort; the point when you can […]
Read moreWhat 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 […]
Read moreForecasters, Market Timers, and Other Behaviors Are A Threat To Your Long Term Goals Investment plans must be inspired by your goals for the future, and constructed with principled investment strategies and evidence for what works in investment management. Not on a hunch, or on what pays a broker the highest commission. This in essence […]
Read moreWe’re in the middle of tax season and there is still time to contribute to an IRA for last year! Whether it’s a Traditional IRA, Roth IRA, or Backdoor Roth IRA, the IRS allows you to make prior year IRA contributions up until the tax filing deadline of April 15th. We have a 15 ½ […]
Read moreYour tax exposure will change throughout four stages of retirement, you’ll need a strategy that anticipates both traditional taxes AND possible taxes, surcharges, and penalties related to Social Security, Medicare, and other income sources. That means you’ll need an informed and proactive plan that addresses how you create your income in retirement. My goal is […]
Read moreThe 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 […]
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.