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 […]
Read moreWhat I do & Who I do it for: I help real estate investors and small business owners permanently reduce taxes and grow wealth through a process called ‘zero tax advisory’, empowering them to more efficiently achieve—and surpass—their financial goals. Why I do it: Small business owners and real estate investors are overpaying their taxes […]
Read moreRental real estate offers investors substantial tax benefits. Shore Financial helps investors manage the benefits of rental real estate. Many people like rental income because it seems passive and simple, until it isn’t so passive … or simple! Using this checklist will help you understand the challenges and nuances that exist with owning a rental […]
Read moreFiling your taxes is never fun. Whether working with a tax professional or doing it on their own, you may feel stress. We hope this guide will help better equipped you to navigate the process of gathering your documents for filing your 2023 tax return. This checklist covers the key issues to consider when preparing […]
Read moreThere are lots of important numbers that taxpayers need to keep in mind. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently. To help taxpayers, we’ve created the two-page “Important Numbers” summary guide. This quick reference guide covers the most […]
Read moreTax-free withdrawals. Although a Roth IRA does not provide a current tax benefit as you contribute after-tax dollars to your account. But withdrawals are tax-free. If you think your tax rate in retirement will be higher than it was while you were working, you should consider a Roth IRA. Two factors could drive this: You expect […]
Read moreDo you have an old vehicle that you no longer use? If so, one option to dispose of it is to donate it to a charity. Depending on the needs of the charity and the type of vehicle you own, the charity may use the vehicle itself, sell it to a salvage yard or sell […]
Read moreIf 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 cash comes in. The cash goes out. We’re all familiar with how cash flow works. However, are you taking the proper steps to track and manage this crucial piece of your financial plans. That’s why we’ve created a financial planning checklist that addresses cash flow management. Your Role In The Conversation Generally speaking, people […]
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.