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.
How To Create A Retirement Budget
Creating a Retirement Budget: Practical Tips for Managing Expenses and Living Within Your Means Running out of money is among the biggest concerns facing retirees. It could happen to anyone. No one knows what the ...
The Importance of Physical and Mental Health in Retirement Planning
There are seemingly endless reasons to be health-conscious and focused on well-being. Eating right, sleeping well, exercising, and managing stress are active measures people take toward a happier, healthier life. Physical health also has connections ...
Addressing Retirement for Gen X
Contrary to the stereotypes from the 80s and 90s that labeled those born between 1965 and 1980 as disengaged slackers, today’s Gen Xers are anything but indifferent. Investopedia published the results of a 2022 multigenerational ...
What is Wealth Management Retirement Planning?
Wealth Management Retirement Planning is a holistic approach to financial planning that caters to high-net-worth individuals (HNWIs). HNWIs have considerable holdings, often from diverse income streams, and at least $1 million in liquid or investable ...
Understanding the Four Phases of Your Retirement Budget Strategy
Retirement and preparing for it happens in phases. They evolve with life as circumstances change. Pre-retirees and retirees should be aware of the opportunities and obligations that arise during each stage. Breaking down this ...
Living to 100: Factors to Consider When Planning for Retirement
Could You Live to be 100 Years Old? by Mark Kenney, CFP®, CTS™, Financial Advisor The word “centenarian: refers to a person who is 100 years old or more. Bob Hope, Kirk Douglas, and George ...
SHP Was Awarded One of Inc.’s Best Workplaces for 2024!
There is so much that our team is proud of, one of those being the way our employees feel about working for our offices! We are so lucky to work with so many talented folks ...
What Does Financial Freedom Mean for You?
Achieving "financial freedom" can be a challenging concept because people don't usually know what they want or what they mean by being financially free. For the most part, people want to feel secure about ...
What is Your Plan for Life Insurance in Retirement?
There are many benefits to having a life insurance policy in retirement. It can cover estate settlement costs and final expenses, pay debt, supplement income, and more. Unfortunately, many Americans are underinsured or only have ...
Top Retirement Planning Mistakes to Avoid
Everyone makes mistakes. This includes individuals with considerable accumulated wealth, those with fewer resources, and even the most careful planners. Retirement planning is a complex process with pitfalls that can have long-term financial effects. Getting ...
Accounting for Inflation in Retirement Planning
The money individuals save today will buy less in the future. The cup of coffee that cost $1.00 at one point in time, costs $5.00 today. Inflation compounds over time. It’s a hard truth every ...
What Is the Cost of Long-Term Care?
Visions of life in retirement may include days filled with travel, recreation, relaxation, and pursuing lifelong passions. Those who have been diligently saving and planning for these days may feel confident in their ability to ...