Tag: fiduciary
The 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 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 more2022 – THE END Of The Greatest Bond Market Bubble In Financial History
The bond market today resembles the stock market in 1998-2000 and the real estate market in 2006-2007!!! Both Asset Bubbles were predictable and ended badly for investors!!! How is it possible to make such a claim??? Risk vs. Reward Analysis Based On Valuations We are at a rare point in history where the risk/reward analysis […]
Read moreBenefits of a Roth IRA
Tax-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 moreVehicle Donation: Everything you Need to Know
Do 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 more401(k) Planning: What you Need to Know
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 […]
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