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 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 ...
4 Tips for Proper Tax Filing
With the new year in full swing, tax season is just around the corner. Filing federal income taxes can be a long and complicated process, and mistakes are bound to happen here and there. As ...
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 ...