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.
Mark Kenney, CFP®, CTS™ Featured Article in Kiplinger
Mark Kenney’s latest article “Gen X Should Prepare Now for the Great Wealth Transfer” was recently published in Kiplinger. He discusses whether or not Gen Xers should begin preparing for the great wealth transfer. As ...
Using Your House to Fund Your Retirement
It is possible for a person to end up in a situation where they have a lot of money in a home but don’t have a lot of money in the bank. If you have ...
The National Debt Ceiling and How it Could Affect You
What is the Debt Ceiling? The national debt ceiling is the amount of money that the United States Government is allowed to borrow to pay for its expenses. These expenses include things like Social Security ...
Creating and Maintaining Generational Wealth in Retirement
In today’s fast-paced world, ensuring financial stability for future generations can be a daunting task. However, it is a common goal for retirees to create and maintain generational wealth in retirement. What better way to ...
Struggling to Save? You Might Not Be Alone
The current rate of monthly savings across America is currently at 4.6%. This means that most Americans are saving about 4.6% of their monthly income. This number is unusual as the average amount is almost ...
Banking Sector Issues and Your Finances
In recent months there have been 3 major bank shake-ups: Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank.[1] This has generally led to fears that there is a larger recession on the horizon. ...
Healthcare in Retirement: The Basics
Healthcare insurance is a crucial aspect of managing one's health and finances. Understanding its basics can help individuals make informed decisions to help them stay healthy without running into unexpected costs. Here are some important ...
Target-Date Funds: The Backbone of Many Retirement Accounts
A target-date fund is an investing tool, often in the form of an ETF or mutual fund, that adjusts its investment strategy based on how much time there is until the target date. The investments ...
What Happens to Inherited Retirement Accounts?
You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that ...
How Safe is Your Money in the Bank Today?
With the recent turmoil in the banking sector, it’s understandable to worry about your bank savings. But before worrying, it’s important to know how your money in the bank is protected. So, how safe is ...
You Have A Joint Account With The IRS…
Are you saving money in an IRA or 401K? It’s natural to think of this as being your money. But it’s technically a “joint account” between you and the IRS. Because remember, you still must ...
How Much Money Can You Safely Withdraw In Retirement?
It’s the big question everyone wants to know the answer to… How much money can I safely withdraw every year, so I don’t run out of money in retirement? For decades Americans relied on the ...