What’s happening in the markets? What indicators should we look at right now, and what can we expect to see in the coming months? In today’s episode, Matthew Peck is joined once again by SHP Financial’s Laura Russo to answer these questions in a special podcast edition of our quarterly update. We’ll explore how AI continues to power large-cap positions, what to expect from the Feds with potential interest rate cuts, and what that means for the bond markets. Matt also shares an important message as we steam full speed ahead into another election and the impact that changes in the government ..read more

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 to financial wellness. For working individuals nearing retirement, a holistic approach to health and wellness that includes a robust financial plan sets the table for a smooth and stress-free transition away from the daily grind of work life. Those who prioritize their health are building the foundation for a successful entry into retirement in se ..read more

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 financial literacy study which found that Gen Xers are both invested and concerned about retirement, which is the biggest financial worry for this group. According to the survey, this generation is confident about managing their daily finances, but nearly one in four Gen Xers are not sure when, or even if, they will be able to retire.[1]  Northwestern Mutual’s 20 ..read more

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 assets. These clients require services beyond standard financial planning which mainly focuses on budgeting and saving for major milestones like college and retirement. Wealth managers or advisors service HNWIs with capital gains, estate planning, and risk management for their investments. They create a personalized strategy for HNWIs to preserve ..read more

Today’s digital world is full of thieves and scammers looking to access your information and use scare tactics to steal your hard-earned money from you and your family. Victims of these fraud scams are often retirees and the elderly, who are so scared that they send thousands and thousands of dollars before realizing what is happening. To help you protect yourself and loved ones from the seemingly infinite number of cyber criminals out there, we’re chatting with former FBI agent Dave Chaves. Dave investigated some of the biggest scammers in the world, and he remains an expert in his field ..read more

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 Burns were all centenarians. According to a Pew Research Center analysis of U.S. Census Bureau data, by 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024. [1]   Most people don’t consider the possibility of living to 100 in their retirement planning. While a long life certainly has its positives, it doesn’t come cheap. People who live longer p ..read more

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 their finances and have the ability to fulfill their desires without constantly worrying about money. However, various factors can contribute to financial worries, such as mortgage payments, credit card debt, and the amount of money saved for retirement. The cost of what you want to buy is also something that varies greatly from person to person. Some individuals simply enjoy taking leisure ..read more

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 across New England, and are happy to share that INC has recognized SHP as one of its 2024 Best Places to Work!  Learn more about our team HERE >>    Sources [1] https://www.inc.com/best-workplaces/2024 SHP Financial has qualified for multiple awards through various contests – some of which were based on employee/employer surveys, community votes, and/or paid entries. The post SHP Was Awarded One of Inc ..read more

At SHP Financial, we help our clients with many common or technical questions such as, “What is a required minimum distribution?” or “What’s a Roth conversion?” However, one of the most popular questions we hear is, “How much money do I need to retire?” It’s a difficult question to answer because the magic number isn’t the same for everyone. There’s so many factors involved like inflation, bear markets and healthcare expenses to name a few, that just thinking about it is stressful and brings out a lot of fear and emotions for many people. With that in mind, today’s episode is all about the ..read more

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 life insurance through their employer.  According to the Life Insurance Marketing and Research Association (LIMRA) 2023 Insurance Barometer Study, 54% of U.S. workers say they have life insurance through their workplace, and 67% of those people rely solely on employer-provided life insurance. [1] A person without an individual life insurance policy outside ..read more