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.
Does It Matter When You Retire?
Does it Matter When You Retire? by Keith W. Ellis JR., Co-founder Does it really matter when you retire? It sure does. If you retire when the economy is strong and the stock market is ...
Quick Tips for Filing Your Taxes This Season
Tax season is fast approaching, so you may find yourself with some important tax questions. This article will cover some of the pitfalls of this process to make sure that you get the most out ...
Don’t Underestimate the Importance of Your Mindset Toward Your Finances
The concept of retirement planning is simple. Despite changes in the economy or in life itself, the concept of planning your retirement has remained unchanged. We work, save, retire, and repeat for generations over. But ...
The Biggest Expense in Retirement?
The Biggest Expense in Retirement? by Derek L. Gregoire, Co-founder Most people don’t think about inflation as being an expense in retirement. But it is. Imagine this scenario… You’ve budgeted $6,000 a month to cover ...
Bad News For Your Social Security Benefits
Bad News For Your Social Security Benefits by Mark Kenney CFP®, CTS™ It’s no secret that the Social Security Trust Fund is in trouble. Some of the latest projections say the fund could run out ...
Protecting and Passing Down Your Financial Legacy
When it comes to passing on your wealth to your family, it is important to know the best ways to manage the process. An estimated 90% of wealthy families lose their wealth by the third ...
Could This Be Your Biggest Expense in Retirement?
Could This Be Your Biggest Expense in Retirement? by Chase Reardon, Financial Advisor What do you think will be your biggest expense in retirement? It depends on your specific situation, but for many people it ...
Don’t Forget the Tried-and-True Value of Compounding Interest
If you forgot what compounding interest was, let’s refresh. Compounding interest is the process by which the interest earned on an investment is reinvested so that the initial investment grows over time. It may not ...
Insight on Compound Interest
Insight on Compound Interest What are some of the uses of compound interest? Interest is the cost of borrowing and is affected by your trustworthiness, which is measured by your credit score, income and ability ...
Let’s Talk Social Security
For most, Social Security provides a solid foundation for retirement income. In fact, as of September 2022, over 70 million Americans were collecting benefits.[1] However, not everyone knows exactly how or when to start tapping ...
2 Ways the 2022 Economic Woes Affected Your Retirement Accounts
The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, ...
Secure Act 2.0 Passes Congress: What You Need to Know
Exciting news! The US Congress has approved the SECURE Act 2.0 under an omnibus act, which involves a series of alterations to the retirement system. These modifications are an extension of the Secure Act of ...