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.
Experts’ Advice About Estimating Life Insurance Costs
Mark Kenney, CFP®, CTS™ talks us through the best way to estimate your life insurance costs and how companies calculate those costs in his latest article for MoneyGeek. Read the full article here!
Social Security Strategies to Discuss with a Financial Professional
Everyone’s financial situation is different. Loan status, job situation, and the age of your kids all significantly impact your financial situation as you approach retirement. When it comes to Social Security there are a lot ...
Remember the Benefits of Estate Planning
Estate planning can be difficult to think about, let alone plan for. Maybe you’ve avoided putting together a concrete plan because you don’t want to think too far into the future when it’s time to ...
Don’t Forget that Medicare Open Enrollment is Here!
From October 15 to December 7, Medicare has an open enrollment period.[1] This is the time when you can change your health plan and prescription drug coverage to adapt to your needs.[1] Every year, there ...
Reexamining the Retirement Investment Portfolio
When talking about retirement financial planning, we often take investment strategy at face value. But what does an investment strategy really consist of? An investment strategy is utilized to help your wealth not only retain ...
Here’s How You Can Avoid Succession Drama at Your Company
Here’s How You Can Avoid Succession Drama at Your Company Poor succession planning was at the heart of the HBO show Succession, but our investment advisor, Keith Ellis, is here to help you prevent that ...
Why October is a Crucial Time for Retirees
Now that the temperature is getting colder and we’re heading into October, there is something very important on the horizon for retirees: the announcement of the 2023 COLA for Social Security. COLA stands for “cost ...
Inflation Affects Your Finances, Even In Small Amounts
There’s been a lot of news about inflation lately. As of July, the inflation rate was around 3.2%.[1] This means that the cost of goods and services, including but not limited to items such as ...
2 Ways to Take Care of Debt in Retirement
The unfortunate reality is that many Americans are now headed into retirement with some amount of debt.[1] In 2016, almost 61% of Americans were moving into the retirement stage of their life with unpaid debt.[1] ...
The Role of Charity in Your Retirement
Everyone wants to give back in one way or another. After you’ve spent your whole life working, you may find that in retirement, you want to give some money to charity. But if you are ...
A Strategy Guide for When to Claim Social Security
Deciding when you claim Social Security is a key part of the puzzle for your retirement plan. You can withdraw as soon as you turn 62, but you can also delay your claim until you ...
Should I Convert My 401(k) To A Roth IRA?
Let’s say you’ve just changed jobs. What are you going to do with your 401(k)? You may be able to convert your 401(k) to a Roth IRA, but is that a good option for you? ...