Category: BlogPost
Money Mettle: How to Build Financial Resilience
In today’s fast-paced and unpredictable world, achieving financial resilience is more critical than ever. Economic downturns, job loss, unexpected expenses – these are just a few of the curveballs life can throw our way. However, by mastering the art of financial resilience, individuals can build a strong foundation to weather any storm and emerge stronger on the other side.
Read moreThe 5 Most Urgent Financial Planning Mistakes to Avoid
Financial planning is essential for achieving long-term success and securing your future. However, even with the best intentions, many individuals make mistakes that can hinder their progress. As a fiduciary fee-only independent financial advisor, I’m here to help you avoid these common pitfalls and set you on the path to financial well-being. 1. Lack of […]
Read moreHow to Know if a Financial Advisor is a Fiduciary
Do you want to know if your financial advisor is a fiduciary? Just ask. The easiest way to find out if your advisor is a fiduciary is simply to ask. If your advisor says they’re not a fiduciary, ask why. The advisor should offer a clear, concise and logical explanation. They also should be willing and […]
Read moreThe Power of Tax Planning with Shore Financial Planning
Introduction: Are you tired of seeing a significant portion of your hard-earned money vanish into thin air due to taxes? Do you wish there was a way to legally reduce your tax burden and keep more of what you earn? If so, you’re not alone. Many investors and business owners find themselves overpaying taxes simply […]
Read moreMastering Tax Planning To Unlock Financial Freedom
Introduction:Retirement. It’s the golden period of life we all dream of – the time to finally savor the fruits of our labor, travel to exotic destinations, or simply relax with loved ones. Yet, achieving this idyllic retirement isn’t a matter of luck; it’s about meticulous planning and strategic decision-making. In this blog post, we’ll delve […]
Read moreUnlocking Financial Security: Finding the Best Tax Preparer Near You
Introduction: When it comes to handling your finances, especially taxes, trust is paramount. Yet, many people overlook the importance of thoroughly vetting their tax preparer, despite the sensitive nature of the information they handle. At Shore Financial Planning, we understand the significance of selecting the right tax professional, which is why we’ve compiled these eight […]
Read moreReduce Your Taxes & Grow Wealth Now
Discover the Power of Proactive Tax Planning to Permanently Reduce Taxes and Grow Wealth. How it Impacts the Business and/or Real Estate Owner: Taxes can be the largest recurring expense for business and real estate owners, often delaying or even destroying wealth-building plans. On average, individuals worldwide pay 30-50% of their income in taxes, including […]
Read moreCost Segregation – What You Need to Know
COST SEGREGATION Is an IRS APPROVED Method to reduce or eliminate federal income taxes. We provide cost segregation reporting for federal income tax reduction by calculating costs of property components and segregating each to the correct depreciation lives, including short-life classifications. Shorter depreciation time lowers taxable income. Why Do a Cost Segregation Study? Beyond the […]
Read moreSee If Your Business Is Eligible For The QBI Deduction
The Qualified Business Income (QBI) deduction and related rules and guidance can be difficult to navigate. Also, there are several factors and issues that eligible business owners must consider. Additionally, to help make the analysis easier, we have created the “Am I Eligible For A Qualified Business Income (QBI) Deduction?” flowchart. It addresses some of […]
Read moreBusiness Owner and/or 1099 Employee Tax & Financial Planning Checklist
Running your own business (including 1099 work) introduces different elements that aren’t always easy to factor into your personal financial plan. With this checklist you will be able to better navigate these different elements and find more ways to tie them in with their personal financial goals. This checklist covers some key issues a business […]
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