THE SHP FINANCIAL BLOG
At SHP Financial, we focus on a customized investment and retirement strategy to help get you retired, and stay retired. To help you better understand your financial needs or assess your current investment and retirement strategies, we post a weekly blog. We hope you find these retirement and financial insight blogs helpful, and if you would like to take it a step further for a complimentary review of your current strategies, you can click to let your journey begin.
The Mutual Fund in Simple Terms
Mutual funds are an important investment tool and a cornerstone of many portfolios. According to research from the Investment Company Institute (ICI), more than 115 million U.S. investors owned mutual funds in 2023, suggesting that ...
What to Expect When Working with a Financial Advisor
Meeting with an advisor marks a significant step toward your financial goals and future. Similar to how a doctor assesses physical health, an advisor evaluates financial well-being and helps develop short and long-term income, security, ...
Retiring With Your Spouse? Here’s What to Know
A popular game show in the 60s and 70s tested newly married couples’ knowledge of one another through a series of questions. While this may seem like a fun and silly game concept, you might ...
How to Prepare Your Family Financial Strategy This Year
The Retirement Road Map® you create evolves with changes in your life. Perhaps you were single when you opened your first retirement account. With time, a marriage and family can impact financial goals and the ...
Long-Term Care Costs Could Hurt Your Savings…But You Have Options!
It’s hard to ponder your health decline, never mind plan for it. Most people would rather think about the unfettered pursuit of the passions that once took the backseat to work in retirement. However, retirees ...
6 Tips for Proper Tax Filing
The New Year’s bubbly has just stopped flowing, and it’s time to start thinking about tax season. Filing federal income taxes can be complicated. Even the simplest returns take time, and mistakes can be costly, ...
These 3 Tax Strategies Could Help Your Retirement Strategy
No matter how much you save, taxes can threaten your retirement nest egg. Many retirees find the tax impact on their retirement savings is more than anticipated, which can shake financial confidence and stability. Those ...
Plan for the Tax Rates of the Future
A retirement phase can last 25-30 years. Saving for it can take just as long, if not longer. Hard-earned savings dwindling in retirement due to poor financial strategy has all the makings of a bad ...
Take Advantage of These Tax Strategies Before the Year Ends
The hustle and bustle of the holidays can make anyone lose sight of their finances. Before ringing in the new year, it’s a good idea for savers and retirees to evaluate their holdings and tax ...
How Long Can I Keep My Money in My Retirement Account?
The old proverb, “You can’t take it with you,” refers to the idea that money and possessions are earthly things and cannot accompany a person in death. Further interpretation suggests that people should not hoard ...
Three Unexpected Taxes in Retirement
Benjamin Franklin once said, “In this world, nothing is certain except death and taxes.” He wasn’t wrong. Americans fully expect to pay taxes as much as they understand their time on earth is temporary. Still, ...
Tax Tips for Married Couples
Married couples share many things in their life as a unit. Regarding taxes, most assume that joint filing maximizes savings, but that isn’t always true. Various factors influence filing strategy, including income, deductions, and individual ...