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Latest Insights
ShoreHaven Wealth Partners is deeply committed to understanding and prioritizing our clients' goals. We are dedicated to understanding and addressing the unique needs of our clients and helping them achieve a "work-optional" lifestyle.
“It’s not what you earn, it’s what you keep"
— Larry Durso, Founder of ShoreHaven
Are you expecting a Future Liquidity Event?
Recently, we've had the opportunity to work with both new and existing clients who are experiencing significant financial windfalls....
Aug 13, 20241 min read
Want to feel good? – Consider a Qualified Charitable Distribution
Our planning discussions revolve around devising strategies to meet a client’s Required Minimum Distributions (RMDs). One such strategy we often assist clients with involves the utilization of a Qualified Charitable Distribution (QCD). A QCD empowers individuals aged 70 ½ or older to donate directly to one or more charities from a taxable IRA, bypassing the need to take their required minimum distribution. But why might this approach be advantageous? Tax Savings: Channeling f
May 1, 20241 min read
What you should know about Restricted Stock Units (RSUs)
Restricted Stock Units (RSUs) gained popularity as a form of employee compensation in the late 1990s and early 2000s. The use of RSUs increased as companies sought new ways to attract and retain talent, especially in the technology and startup sectors. RSUs better align the interests of employees with those of shareholders, as employees receive the benefits of stock ownership without having to make an upfront investment. Over time, RSUs have become a common, and in some cases
Feb 1, 20241 min read
How to use Second-to-die life insurance to help offset on Inherited IRAs
Second-to-die life insurance can be a valuable tool for married couples planning for their financial legacy. The death benefit is paid out upon the death of the second insured person. This type of insurance can be used in estate planning to help offset tax ramifications for inherited IRAs, especially considering recent changes to how inherited IRAs are treated under the SECURE Act, passed in December 2019. Here’s how a second-to-die life insurance policy can help mitigate the
Nov 1, 20232 min read
What should you know about Tax Loss Harvesting?
Systematic tax loss harvesting is a strategy that ShoreHaven Wealth Partners has implemented throughout our taxable investment accounts. There was no better year to implement this than 2022, as tax savings benefits hit an all-time high for clients on the 55ip Platform1. With that said, explaining what you should know about the potential benefits you may receive from implementing this strategy was essential. First, let us explain what tax loss harvesting is. It is an investmen
Jul 1, 20232 min read
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