Tag: tax planning

Build Wealth. Yellow post-it note with "Tax Time! Need Help?" written on it
January 26, 2021

By: Joseph Vecchio / 0 comment

Build Wealth Using Tax Planning

Taxes are often viewed as a burden on wealth, but in reality, they can be leveraged to build wealth. By taking an unconventional look at tax planning, and consult a certified financial planner, you can actually start to put more money in your pocket.  The Government Wants you to Pay as Few Taxes as you […]

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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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March 9, 2020

By: Joseph Vecchio / 0 comment

The #1 Way To Cut Taxes

There are any number of different things Small Business Owners can do to cut taxes,  including… tax strategies to implement deductions to take tax credits to claim, and legal loopholes to take advantage of Deductions and Tax Credits Alone Won’t Profit You The truth is, on April 15th, it doesn’t matter how many different tax […]

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March 2, 2020

By: Joseph Vecchio / 0 comment

Backdoor Roth IRA – 5 Steps

We’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 […]

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February 22, 2020

By: Joseph Vecchio / 0 comment

How Tax Planning Changes Through Four Stages of Retirement

Your 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 […]

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February 17, 2020

By: Joseph Vecchio / 0 comment

WHY Fee-Only Financial Planning

You don’t need to be a millionaire to benefit from broad-based financial planning. Whether your net-worth is thousands or millions of dollars, you are entitled to help from a financial advisor who has met the highest standards of education, training and competency. Ordinary people like your neighbors, family and friends have turned to professionals for […]

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February 12, 2020

By: Joseph Vecchio / 0 comment

What is Fee-Only, Tax Focused Financial Planning?

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 do you know if the advice they are […]

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February 7, 2020

By: Joseph Vecchio / 0 comment

Podcast #3 Financial Planning Process

[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.

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February 4, 2020

By: Joseph Vecchio / 0 comment

Income Taxes – It Pays To Plan

Procrastination is a woe many of us strive to understand and manage. Seasonality may have quite a bit to do with why we put things off. In fact, 76% of shoppers say they put off making holiday purchases right up until Christmas. While you can put gift shopping off until you start hearing holiday jingles, and reap […]

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January 30, 2020

By: Joseph Vecchio / 0 comment

Essential Tax Planning For Retirement

The 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, […]

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Shore Financial Planning © 2021 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.