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.
Don’t Forget Year End 401k and IRA Contributions
As the end of the year draws near, many people focus on budgeting, planning, shopping, and gifting for the holidays. While it’s easy to get swept up in the spirit of giving to others, ...
3 Overlooked Retirement Expenses
Every penny counts for retirees. Funds tend to be limited without an incoming paycheck and unanticipated expenses can force retirees to make lifestyle sacrifices. Healthcare, taxes, and inflation should be integral to any retirement strategy, ...
What is Your Desired Retirement Lifestyle?
The ideal retirement picture is different for everyone. Some hear the ocean. Some envision a personal renaissance, with time to develop a new skill or hobby. Others imagine traveling the globe. Some aren’t sure what ...
5 Things to Help You Get Started on Legacy and Estate Planning
Do you have a plan for your assets when you pass away? Legacy and estate planning outline an individual’s personal and financial wishes and ensure estate representatives can execute them. It’s an uncomfortable but necessary ...
What Does Medicare Cover?
Health care may be the most significant expense retirees incur. Several common misconceptions exist about Medicare, a federal health insurance program for people 65 and over or with certain disabilities. One is that Medicare ...
Three Birthday Milestones That Could Change Your Tax Situation
Milestones mark significant developmental points in life. When most people reflect on their birthday milestones, past or future, 50, 65, and 73 don’t usually rank. But as retirement draws nearer, these birthdays are financially significant ...
How to Help Future Generations with Financially Savvy Strategies
Wisdom develops over time. It’s common for people to reflect on things they know now, that they wish they would have known when they were younger, like the years it can take to pay off ...
Are You Close to An Important Birthday?
Many significant birthdays mark the American experience: a license to drive at 16, the right to vote at 18, and the clearance to have an alcoholic beverage at 21 are common examples. But, there are ...
The Most Important Ages for Your Retirement Accounts
As investors move closer to retirement, portfolio performance should become a priority. Participants should know how much they are contributing and how much they are paying in fees. They should also be aware of ...
How to Remain Confident During Market Volatility
Sharp and unpredictable fluctuations define a volatile financial market. These shifts can shake investor confidence, even with experience. Watching a portfolio lose money is uncomfortable, and it’s natural for individuals to question their investment choices. ...
Turning 59.5? Here are the Factors to Consider
For many Americans, approaching 60 is exciting. It is full of planning for the next chapter in life, and using the wisdom gained over the years to do it. This period also marks a significant ...
Pros & Cons of Downsizing In Retirement
Relocation and Downsizing in Retirement: Evaluating the pros and cons Retirement brings significant changes for people transitioning away from a career lifestyle. Retirees have the freedom to choose how they spend their time, but also, ...