Retirement Road Map®
Welcome to the Retirement Road Map by SHP Financial—a podcast empowering today's retirees and pre-retirees to make well-informed financial decisions that will help you spend more time living and dreaming, than worrying and wondering. Join SHP Financial Co-Founders Derek Gregoire, Keith Ellis, and Matthew Peck, CFP® CIMA®, as they share actionable financial strategies and insights, as well as interview top thought leaders in the world of finance, accounting, and estate planning. The SHP trademarked Retirement Road Map® is a holistic planning process that focuses on the 5 key areas of retirement planning: Income planning, investment planning, tax planning, health care planning, and legacy planning. The Retirement Road Map is your guide to financial freedom and will prepare you for the retirement you’ve always dreamed of and deserve!
info_outline
055: SHP’s Philosophy on Financial Planning & Asset Management with William Malagodi
05/08/2024
055: SHP’s Philosophy on Financial Planning & Asset Management with William Malagodi
In early 2023, SHP Financial passed the $1 billion threshold in AUM, or assets under management. If you’ve ever wondered what goes into running a firm of this size, how we choose our managers, and how we help our clients create comprehensive financial plans, today’s episode is for you. Today’s guest is William Malagodi. William has extensive experience building out hugely successful firms. In this conversation, we explore the art of manager selection, how we manage our day to day operations, and go above and beyond to deliver for our clients. In this podcast interview, you’ll learn: How financial planners learn about the firms and resources they work with and recommend to clients. Why it’s all but impossible to use just free information from the internet to build a robust, stress-tested portfolio. SHP’s philosophy on risk based and allocation based portfolios. What a comprehensive portfolio review at SHP looks like. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/31164682
info_outline
054: How Great Leaders Make Dreams Possible with Chris Smith
04/17/2024
054: How Great Leaders Make Dreams Possible with Chris Smith
Today, we’re joined by Chris Smith, creator of the Campfire Effect and host of the Family Brand Podcast. Chris works with leaders and advisors in the financial planning space to help them tell their stories, scale their businesses, and unlock growth and change. We’ve worked with Chris in the past to develop and tell the story of our brand, and we wanted to take this opportunity to share wisdom and insights you can use in your own life and business. In this conversation, we discussed how financial planning is more than a numbers game, what separates a technically competent financial planner from a truly great one, and how to tell you’re receiving the kind of service you, your family, and your legacy deserve. In this podcast interview, you’ll learn: The important questions you should be asking any prospective financial advisor that go beyond portfolio construction and risk assessment. How a good financial advisor helps challenge and support you to live your best life. Why your financial advisor needs to provide you with guidance and leadership to ensure your successful retirement. The surprising things we learned on our multi-year journey to understand how to best serve our clients. Two simple things you can do to transform your mindset. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/30837548
info_outline
Matt's Markets on the Move: April 2024
04/12/2024
Matt's Markets on the Move: April 2024
Come join SHP Co-founder Matthew C. Peck, CFP® CIMA® and Sr. Service Representative Laura Russo as they take a moment to reflect on Q1 and prepare for Q2! While thinking about the future, they also explore the potential impact of the upcoming election on your retirement. In this episode, we'll explore important trends, possible hurdles, and any new changes. Matt and Laura will bring clarity so you can stay knowledgeable heading into Q2!
/episode/index/show/retirementroadmap/id/30788033
info_outline
053: Teaching Your Kids About Money, Budgeting and 401(k) Plans with Mike Guthrie
04/03/2024
053: Teaching Your Kids About Money, Budgeting and 401(k) Plans with Mike Guthrie
As a parent, it’s never too early to start talking to your kids about money. Before you know it, they’ll be going off to college and getting their first job as a young adult. At that point, they’ll probably have questions about how much they can afford to spend and whether or not they should invest in a 401(k). Today’s episode will help prepare you for some of those questions. We’re excited to introduce our audience to Mike Guthrie. Mike is a Financial Advisor at SHP and has over 25 years of experience in finance and financial planning. Before joining us at SHP, Mike worked at Morgan Stanley, BlackRock, and Northwestern Mutual, to name just a few. In our conversation, we’ll explore some of the common questions that your kids might need advice on. We’ll discuss employer benefits that might be available to them, the difference between a traditional and Roth 401(k), and what types of investments they should consider within those plans. In this podcast interview, you’ll learn: The value of saving early with compounding interest. How to start the process of teaching your kids about managing expenses. The difference between a traditional and Roth 401(k). How Target Date Funds work and why they are attractive for young investors. The importance of investing early with regular contributions, especially when the markets are down. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/30633763
info_outline
052: How to Build a Legacy with a Family First Mindset with Michael Hyatt
03/20/2024
052: How to Build a Legacy with a Family First Mindset with Michael Hyatt
Many entrepreneurs and business owners will admit that it’s easy to get caught up in sales, numbers, targets, and growth. But at what cost? As you’ll hear in this conversation, the sacrifices people make to build a 7, 8, or even 9-figure business can leave their family and loved ones wishing they could enjoy more time with them instead of enjoying the fruits of their labor. Today, we’re thrilled to have Michael Hyatt on the podcast. Michael is the Founder and Chairman of Full Focus, which has been featured in the Inc 5000 list of Fastest Growing Companies in America and Inc’s Best Workplaces. He’s also scaled multiple companies, including a $250 million publishing company with 700+ employees, and has written numerous bestselling books, including Your Best Year Ever, Free to Focus, Win at Work and Succeed at Life, and Mind Your Mindset. In this conversation, we get into what Michael is doing to take a back seat in his business without exiting entirely, how to prioritize the Double Win in life and work, and why your most important purpose hasn’t been fulfilled if you’re reading this right now. In this podcast interview, you’ll learn: How the lessons Michael learned about exits and retirement from his long career in business informed his own transition plan. What happened when Michael had enormous success in business at the cost of his home life–and how he rethought his approach to show up for his family. How Michael has helped clients cultivate a vision for their life after the 40+ hour workweek. The beauty of finding work-life balance–and why purpose is at the heart of it all. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/30428463
info_outline
051: Important Changes to the Tax Cuts and Jobs Act with Chase Reardon
03/06/2024
051: Important Changes to the Tax Cuts and Jobs Act with Chase Reardon
Whether we like it or not, our tax laws will be changing again soon. That’s why it’s so important to keep your tax planning needs top of mind and be aware of what those changes are and how they factor into your retirement plan. Today, we’re once again joined by Chase Reardon to talk about some important changes to the Tax Cuts and Jobs Act and how you can take advantage of opportunities that exist to mitigate taxes. We’ll discuss why tax planning and portfolio planning have to go hand in hand, how Chase and the SHP Financial team works with clients to build a tax plan for their specific needs, and what you can do right now to save money in retirement. In this podcast interview, you’ll learn: Why tax planning can never be a set it and forget it strategy. The major advantages of the Tax Cuts and Jobs Act–and why these benefits will mostly go away at the end of 2025. How to know whether a Roth conversion is right for you. Assets you can use to change your tax structure, including trusts, charitable gifts, and 529 accounts. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/30228538
info_outline
050: Leveraging Home Equity to Secure Your Financial Future and Retirement with Nathan Hartseil
02/21/2024
050: Leveraging Home Equity to Secure Your Financial Future and Retirement with Nathan Hartseil
If you’re buying a home or thinking about refinancing your existing mortgage, you’ve probably got a lot of questions: what are interest rates going to be? Are these high interest rates here to stay forever? How much equity can I unlock to pay bills or renovate my home? We’re thankful to have Nate Hartseil from Main Street Home Loans with us today to walk us through the current mortgage landscape and what your options might be, whether you’re looking to buy or sell. In this conversation, we explore when, why and how the Fed may finally cut interest rates, strategies you can use to retire debt for you and your family, and how to get out from under debts that might be weighing you down. In this podcast interview, you’ll learn: Why Nate believes we’re approaching the light at the end of the tunnel when it comes to the housing market. Why so many Americans are living paycheck-to-paycheck and why debt is on the rise. The two types of refinances you can use to free up disposable income. When, why, and how to write a reverse mortgage. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/30029968
info_outline
049: An Inside Look at the SHP Solutions Teams with Nick Nelson
02/07/2024
049: An Inside Look at the SHP Solutions Teams with Nick Nelson
One of the most popular questions that we get from our clients is, "How are you different?" It's a simple question but difficult to explain in 10 words or less. The quick answer is that it's not just the people, our portfolios, or our years of experience on our teams. It's all of it... and more. Here to help me explain what sets SHP apart from other firms is VP of Advisory Solutions, Nick Nelson. Nick started at SHP in 2016 and has been instrumental in helping us grow our business to what it is today. So today, we'll discuss how we've been a culture that prides itself on delivering an outstanding client experience by putting our clients first and going beyond helping them achieve personal or financial goals. You'll also hear why all of our teams are solutions teams and how each team is making a difference in the growth of our business and our client's lives. In this podcast interview, you’ll learn: How being a good culture fit is so important for new hires. Why the Advisory Solutions team is such an integral part of client experience. The ripple effect of growing your firm with trusted and dedicated team players. How SHP’s 3rd party relationships enhance the client experience. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/29814213
info_outline
048: The Corporate Transparency Act: Important Changes For Business Owners with David Chaves
01/24/2024
048: The Corporate Transparency Act: Important Changes For Business Owners with David Chaves
Most business owners are probably unaware that the Corporate Transparency Act went into effect on January 1, 2024. More importantly, this new law will directly impact the day-to-day operations of many business owners. Intended to combat money laundering, human trafficking, and funding terrorism, this new law brings with it new reporting requirements with an array of penalties. We’re thrilled to welcome David Chaves back to the podcast as he brings unique skills and experience to talk about this very important topic. He’s a retired FBI Agent, attorney, and keynote speaker on topics including white-collar crime, compliance, risk management, government investigations, and leadership. In this conversation, we’ll explain why most businesses will be impacted by this law, how to ensure your business complies with FinCEN if necessary, and how to get ahold of David’s ebook to learn more. In this podcast interview, you’ll learn: Who within your company may now need to file for corporate transparency compliance and why it matters. Reporting deadlines for FinCEN compliance and potential fines for noncompliance. Who will be able to see your FinCEN compliance information after you file. Why FinCEN compliance is catching the United States up to the rest of the world. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/29585363
info_outline
Matt's Markets on the Move: January 2024
01/12/2024
Matt's Markets on the Move: January 2024
Welcome to the kickoff of 2024 as we explore the evolving economic terrain. Join us for valuable insights shared by SHP Financial's Co-founder, Matthew C. Peck, CFP® CIMA®, who brings clarity to dissect the latest updates in the financial landscape. Alongside him is our co-host and Sr. Service Representative, Laura Russo, ready to provide an insightful perspective and make sense of the dynamic changes in store for this year. In this episode, we'll navigate through the intricacies of the financial world, uncovering key trends, potential challenges, and exciting opportunities that lie ahead. Matt and Laura will break down the essential updates, ensuring you're well-informed and prepared to navigate the economic landscape in 2024!
/episode/index/show/retirementroadmap/id/29447293
info_outline
047: How Legacy Planning is More Than an Estate Plan with Mark Kenney
01/10/2024
047: How Legacy Planning is More Than an Estate Plan with Mark Kenney
There are five worlds of financial planning: income, investment, tax, health care, and legacy–and today’s episode is all about legacy. We believe your legacy is more than your estate and the assets you leave behind. The fact is, if you don’t take control of your legacy with proper financial planning, someone else will. These are tough conversations to have for most people, but by the end of the episode, our goal is to help you feel comfortable taking that first step and getting started. We’re happy to have someone like Mark Kenney at SHP share his expertise and experience. Today, we’ll discuss how legacy planning impacts every other part of your financial plan, simple ways to reduce your estate taxes, and the key touch points you should be aware of as you create your legacy plan. In this podcast interview, you’ll learn: Why legacy is an integral part of every financial plan. The common complications that arise in legacy planning and passing assets on to children or other beneficiaries. How (and why) certain clients choose to gift to their beneficiaries over the course of a lifetime, rather than just after they pass. Why the rules for gifting are more generous when it comes to education (529) accounts. What makes legacy planning so difficult for DIYers. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/29420328
info_outline
046: The SHP End-of-Year Financial Checklist for 2023
12/20/2023
046: The SHP End-of-Year Financial Checklist for 2023
The end of the year is a time to reflect not just on what we’re grateful for and what we accomplished, but it’s also a great time to review the state of our financial plans–and the opportunities to take advantage of before the clock strikes midnight on December 31. Here at SHP, that means it’s all hands on deck this time of year to check all the boxes so that we’re setting our clients up for long-term success and a stress-free retirement. In today’s episode, we’re talking about how the major changes to tax law passed over the last five years will affect retirees for decades to come, and what you can do right now to make sure that your finances are one less thing for your loved ones to worry about. In this podcast interview, you’ll learn: Why a holistic financial plan is so much more than portfolio management. How to avoid massive tax penalties when it’s time to take required minimum distributions. What you can do to avoid leaving money on the table in a time of maximized interest rates. Why it’s almost always better to focus your time and energy on earning money than saving it by DIYing your finances. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/29138608
info_outline
045: Tax Planning Strategies to Save Money in Retirement with Derek Gregoire and Matthew Peck
11/29/2023
045: Tax Planning Strategies to Save Money in Retirement with Derek Gregoire and Matthew Peck
When most people think of tax planning or doing their taxes, many would rather save it for another day. But if there’s one area that we can help our clients with to save them money, it’s with their tax planning. In today’s episode, Derek Gregoire and Matthew Peck emphasize the importance of proper tax planning in your retirement plan. They’ll discuss tax diversification strategies, Roth conversions, and concepts to ensure that more of your hard-earned money stays in your account instead of going to Uncle Sam. If you’ve been contributing to IRA and 401(k) accounts, you have a head start. By implementing simple (yet effective) strategies to move money into tax-free accounts, you’ll be ahead of the game when you retire. In this podcast interview, you’ll learn: How future increases to tax rates will impact how much investors will need to withdraw from their investments. The guides that are available online at SHP to help with your tax planning needs. How tax planning and legacy planning go hand in hand with what you leave behind to your children and beneficiaries. Why now might be the right time to leverage Roth conversions in your portfolio. How a methodical approach to moving pretax and after-tax dollars to a tax free account will save more money in the long run. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/28817758
info_outline
044: The Past, Present and Future of Social Security with Mark Kenney
11/15/2023
044: The Past, Present and Future of Social Security with Mark Kenney
Here at SHP, we get so many questions about Social Security: when to claim it, how it works, and what might happen to it in the future, especially with how dysfunctional Congress has become. As always, we’re excited to welcome Mark Kenney, CFP, CTS, back on the podcast to get his thoughts on where things might be headed and how to plan for it. In this conversation, we dig into the history of Social Security, the common challenges people face when it comes to taking it, and how Social Security factors into a comprehensive financial plan to help you meet your goals in retirement. In this podcast interview, you’ll learn: Why Social Security should never be your sole source of income. How to maximize your Social Security benefits–and what to consider as you decide when to take Social Security. How your Social Security benefit is calculated–and who’s eligible to claim your Social Security after you die. What the Windfall Elimination Provision (WEP) penalty is and how it can impact your Social Security. Why Social Security must be fixed in the next ten years to ensure benefits for future generations. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/28607128
info_outline
043: The Most Important Aspects of a Comprehensive Retirement Plan with Derek Gregoire and Matthew Peck
11/01/2023
043: The Most Important Aspects of a Comprehensive Retirement Plan with Derek Gregoire and Matthew Peck
Whether you’re retiring in five, 10, or 15 years, you need to be well prepared to retire–but other than your money, what exactly goes into a retirement plan? A lot of financial advisors will simply tell you “You made money. You lost money. Stay the course. That’s the plan,” even though that may not be what you want to hear. So, with that in mind, what do you need to be doing each year, and what might you be missing? Today, Derek Gregoire and Matthew Peck of SHP set out to answer that question. We’re talking about why your retirement plan shouldn’t just be a bunch of 401(k)s, IRAs, and bank statements, why retirement and unemployment aren’t that different, and the critical pieces of the retirement plan that are often overlooked. In this podcast interview, you’ll learn: Why you need to build a robust income plan to sustain you through retirement. The difference between a financial advisor and a fiduciary. How to create a sequence of returns risk to prevent disaster when unexpected expenses arise. How to quickly identify gaps in your retirement plan and fill in the necessary pieces in the puzzle. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/28469657
info_outline
042: Leadership, Integrity and Legacy: The Pillars of a Successful Business with Matt Glynn
10/18/2023
042: Leadership, Integrity and Legacy: The Pillars of a Successful Business with Matt Glynn
Anyone who has started their own company will tell you that there are many important decisions that dictate how successful your business will be. And today’s guest is no different. Matt Glynn was the proud owner of Glynn Electric for over 30 years, serving residents in Massachusetts, Rhode Island, and New Hampshire. At its peak, Glynn Electric employed over 250 people and had a reputation for delivering quality and reliable service for decades. In today’s episode, Matt Glynn shares the factors that led to decades of success and the legacy he left behind after exiting his business. You’ll hear how his success may not have been possible without the help and support of his wife, how being a great judge of character when hiring staff was tremendously important, and his advice for new business owners who are on their own entrepreneurial journey. In this podcast interview, you’ll learn: The importance of being risk averse as a business owner. How having a supportive spouse/partner was instrumental in growing the business. How micromanagement can be a deterrent to growth in your business. Why it’s critical to be a good judge of character when it comes to hiring staff with integrity. How Glynn Electric’s education and training program was monumental in their growth and success. When a business owner should start thinking about an exit plan. The great work Matt is doing with the Joshua Glynn Memorial Foundation and the Boys & Girls Club in Plymouth. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/28338062
info_outline
Matt's Markets on the Move: October 2023:
10/06/2023
Matt's Markets on the Move: October 2023:
As we head into Quarter 4 of 2023, it can be easy to get caught up in the political drama that we see in Washington D.C. Join us as we find clarity on the state of our market with SHP Financial Co-founder Matthew Peck, CFP®, CIMA®!
/episode/index/show/retirementroadmap/id/28239164
info_outline
041: How Long-Term Care Planning Secures Your Legacy and Retirement with J. Cawley
10/04/2023
041: How Long-Term Care Planning Secures Your Legacy and Retirement with J. Cawley
Once our clients start building their retirement plans, they realize that while they’re probably going to be okay for income, several risk factors could derail their retirement, including healthcare and long-term care. To help explain how life insurance and long-term care are a vital part of any retirement plan, we have SHP’s J. Cawley on the podcast today. In this episode, we dig into the changing state of long-term care and coverage, how to find long-term care that meets your specific needs, and how to have the important conversations with your team and loved ones to ensure you leave your legacy on your terms. In this podcast interview, you’ll learn: Why long-term care has historically been an afterthought for so many people and why that needs to change. How to choose hybrid long-term care vehicles to suit your potential needs. Why most people don’t want to rely on families for end-of-life care–and why this care can get very expensive very quickly. The main reason why many wealth advisors don’t talk about long-term care with their clients. Examples of how to structure your estate plan to reduce your risk and prevent long-term care costs from putting a huge dent in your portfolio. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/28174250
info_outline
040: Politics, History and Planning for a Better Financial Future
09/20/2023
040: Politics, History and Planning for a Better Financial Future
The last decade was pretty great for stocks. So many investors flourished under low inflation, low taxes, and low interest rates, and you can safely say that the bull run we just went through was historic. However, we’re now in a recessionary period marked by high inflation–and, just like bear markets of the past, we’re going to get through this one, too. If you’re nearing retirement, you might be a little concerned about the state of your portfolio, and today’s episode was recorded with you in mind. In this conversation, Derek and Matthew explore how politics and the financial markets of the past impacted each other, the parallels and similarities between what’s happening now and what happened then, and what you should be doing now to prepare and plan for a better financial future. In this podcast interview, you’ll learn: Why it’s easy to panic in the face of a seeming financial crisis when you don’t know how the story ends. What makes this inflationary era both similar to and different from the economy under Jimmy Carter. What happened during the dot-com bubble, the Great Recession of 2008, and even the initial market shocks brought on by the COVID-19 pandemic–and why the solution to all these disasters was always the same. Why it’s so important for your income and investment plans to match each other. When to start considering rolling your 401(k) over to an IRA–and why tax planning is so important at every age. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/28060122
info_outline
039: How to Get Organized (and Declutter Your Life) with Mara Bangura
09/06/2023
039: How to Get Organized (and Declutter Your Life) with Mara Bangura
A well-organized financial plan is part of a well-organized lifestyle. If you can’t find things in your home, you might not be able to find them in writing, either. We amass gadgets, clothes, documents, and so much else in life … so, what can we do about it? To answer that question, we’re thrilled to be talking with Mara Bangura. Mara is the owner of Green Earth Organizing, where she helps people, quite literally, get organized and declutter. In this episode, Mara walks us through how she helps people respectfully part ways with all the stuff we amass in life, how to help friends and family declutter when a loved one passes, and how to apply these strategies both at home and at work. In this podcast interview, you’ll learn: How to give a second life to once-loved objects while also getting them out of your house. What it means to Death Clean–and the difference between legacies you do and don’t want to leave. Why it’s so important to go at your own pace–even if it means clearing out one room at a time. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27907434
info_outline
038: A Guide to Annuities: When an Annuity Makes Sense For Your Financial Plan with Joe Anderson
08/23/2023
038: A Guide to Annuities: When an Annuity Makes Sense For Your Financial Plan with Joe Anderson
At SHP Financial, we provide income, investment, tax, health care, and estate planning and help build effective portfolios. Today’s podcast is all about annuities. When they might make sense for you and when they wouldn’t. Annuities are a big buzzword lately. Some advisors love them, and others steer clear of recommending them. So we’ve written a and made it a free download on our website to improve your knowledge and comfort level of them. With that in mind, we’re joined by Joe Anderson. Joe’s been a financial advisor at SHP since 2015 and is very well versed on the pros and cons of annuities. We dig into how annuities have become such a controversial investment tool, how to determine if annuities could be a good fit for you, and how to find the right products for your portfolio. In this podcast interview, you’ll learn: Why some financial advisors only sell annuities and why others rarely ever recommend them. The four major types of annuities and how they’re typically used. The potential benefits–and major downsides–of using annuities. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27814518
info_outline
037: The Perfect Triple Tax-Free Benefits of Health Savings Accounts with Bill Stuart
08/09/2023
037: The Perfect Triple Tax-Free Benefits of Health Savings Accounts with Bill Stuart
A well-built health savings account (HSA) can be a powerful part of your retirement portfolio. But there are things that everyone should know to make sure they are maximizing the benefits and getting the most from these accounts. With that in mind, we’re not just calling in an expert. We’re calling in Bill Stuart, author of HSAs: The Tax Perfect Retirement Account. He’s one of the world’s leading authorities on this topic, and his understanding of HSAs is truly on another level. In today’s conversation, we’re talking about the tremendous tax benefits of HSAs, what makes these accounts “triple tax-free,” who can use HSAs (and how to use one if you’re eligible), and some basic strategies you can employ at any stage of life to invest for long-term success. In this podcast interview, you’ll learn: Why the HSA was created in 2004. The differences between HSAs and FSAs–and why the HSA is often much more valuable. What’s covered by an HSA and what might disqualify you from using an HSA. How HSAs work if you’re self-employed. What you need to know about rolling an HSA into an IRA or passing it on to your heirs. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27676296
info_outline
036: The Due Diligence Behind SHP’s Portfolio Construction with William Malagodi
07/26/2023
036: The Due Diligence Behind SHP’s Portfolio Construction with William Malagodi
If you've invested money in the stock market over the past 10 or 15 years, you've likely felt stressed when looking at your portfolio's wild dips and swings. It's easy to feel like you can never make a good decision or overcorrect in the face of a drastic downturn. This is why we're so fortunate to have William Malagodi on our team at SHP. He's our Director of Investment Operations and digs deep into money management so our clients can focus on living and dreaming. In this conversation, you'll learn how William survived trial by fire joining the financial industry during the crisis of 2008, why it's so hard to be a DIY-er in today's economy, and the scrutiny and due diligence that goes into every transaction with client portfolio construction here at SHP. In this podcast interview, you’ll learn: The difference between a broker-dealer and a registered investment advisor. Why looking at a financial plan isn’t just about investment assets–and how changes to the tax code and other laws impact clients’ plans each and every year. What manager selection is and how it plays a role in portfolio construction. How we do due diligence when clients make investment requests. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27557247
info_outline
Matt's Markets on the Move: July 2023
07/14/2023
Matt's Markets on the Move: July 2023
The financial landscape can feel like it is always evolving, and 2023 is no exception. As we head into Quarter 3, join us in welcoming our Co-founder, Matthew Peck, CFP®, CIMA®, as he shares his insight so that we can be confident to weather any storm.
/episode/index/show/retirementroadmap/id/27466458
info_outline
035: How SHP Sets Clients Up For Success with Laura Russo & Natalia Carmago
07/12/2023
035: How SHP Sets Clients Up For Success with Laura Russo & Natalia Carmago
Every client should have a plan for their income, investments, taxes, health care, and legacy. Unfortunately, most firms just offer products and rarely help implement strategies in each of these areas of life–which is why it’s so important to us at SHP Financial. With that in mind, I’m excited to be joined by Laura Russo and Natalia Carmago to give you a behind the scenes look at how we set our clients up for long-term success. Laura comes from the world of trust administration at a major bank, where she worked with ultra high net worth clients, and Natalia brings decades of experience from a large investment firm. In this episode, we dig into what goes into our client review process, how we create whole-person plans for our people, what your first meeting with us might look like, and the value of keeping things small. In this podcast interview, you’ll learn: Why so many firms don’t give their clients a comprehensive picture of their life, health, or finances through their offerings. What happens in the typical first meeting–and why it’s all about getting to know the client, and not the other way around. The difference between reactive and proactive planning. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27431025
info_outline
034: The Importance of Estate Planning for First Responders with Keith McManus & Dave Chaves
06/28/2023
034: The Importance of Estate Planning for First Responders with Keith McManus & Dave Chaves
When a first responder arrives on the scene, they don’t always have the privilege of knowing exactly what to expect. And many of these calls are high pressure situations where seconds can make the difference between life and death. First responders provide protection to their community, but there is also a need for them to provide protection for their families should anything happen to them at the scene or even years later. That's why we’re thrilled to be joined by Keith McManus and Dave Chaves. Keith and Dave are attorneys from , and they know how difficult it is for a family to settle an estate when a family is already suffering and recovering from a tragic event. In this episode, we dig into the importance of estate planning for first responders, why estate planning is important for adult children, and why meeting with an expert estate planner is crucial to make sure everything is done properly so that you and your family are protected. In this podcast interview, you’ll learn: The benefits of having a will and the added benefits of having a trust. The key components of living trusts for first responders. How to start the estate and trust planning process. How to incorporate your family’s values into its estate planning documents. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27287742
info_outline
033: Legendary Tales from Boston Sports Radio and TV Icon, John Dennis
06/21/2023
033: Legendary Tales from Boston Sports Radio and TV Icon, John Dennis
In today’s world, we tend to throw the words legend and legendary around as casually as we might with a baseball in our backyard. This is not one of those days. We couldn’t be more thrilled to share this episode with an absolute legend and icon in Boston Sports radio, TV, media, and film, Mr. John Dennis. John’s career in the Boston sports world started in the 1970s and continued into the 90s and 2000s with the Dennis and Callahan morning radio show. He’s won several Emmys and other broadcasting awards in his storied career with WEEI, with roles as weekend and weekday sports anchor, producer, and director. He’s also made a huge impact with his charitable work with the Jimmy Fund, the Cystic Fibrosis Foundation, and on the board of directors of the Mutual Funds Against Cancer Organization. If sports has been a big part of your life over the past 50+ years, even if you haven’t lived in the Boston area, John’s voice is likely a familiar one. He’s interviewed legendary sports figures and been on the scene (and behind the scenes!) to cover some of the most memorable moments in sports history. Anyone who has been able to have access to Tom Brady and Bill Belichick on the Patriots Monday radio call every single week-win, lose or draw-during their tremendous run undoubtedly has achieved legendary status with some epic stories to tell. In this conversation, we go back to the beginning of his career as he paints a picture with great detail of what some of the most memorable moments in sports looked like from his seat. From the great Celtics runs in the 70s and 80s, golfing with the greats, his cameos in the Farrelly Brothers’ movies, being on the air during the tragedy on 9/11, and how he overcame his battle with alcoholism. As they say, he’s been there and done that, and we’re thankful to have him with us today. Even if you’re not a sports fan, there’s a little something for everyone. There’s a backstory to every big story, and they’re being brought to you today by one of the greatest voices in Boston Sports, John Dennis. In this podcast interview, you’ll learn: How Derek and John met and the role that golf has played in their friendship. The lesson that John learned from his father and how John discovered his love for sports broadcasting. How John’s work ethic and passion was a huge factor in leaving Kansas City to work in Boston. How John was able to have incredible access to boxing legend Marvin Hagler. Some behind the scenes moments from the most amazing prize fight at the time, Hagler vs Hearns. How he met John Havlicek and how his access to the Celtics teams grew over the years. Stories of Larry Bird that you won’t want to miss. What it was like behind the scenes of the 1986 World Series with the Red Sox and Mets and the events that took place after the Bill Buckner play. The incredible memories of golfing with Lee Trevino and Greg Norman. What it was like to be on the air during the tragedy on 9/11. How Patriots Monday came to be and how his access to Tom Brady led to their friendship. The incredible moment when John reached out to Tom Brady after learning that his good friend and Patriots Superfan was near the end of his battle with ALS. How John was a highly functioning alcoholic and the moment that he knew he had to get help. How he became friends with the Farrelly brothers and how he landed his role in Kingpin. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/27155067
info_outline
032: 529 Plans: How to Get the Most from Your Education Savings with Mark Kenney, CFP® and Matthew Peck, CFP®, CIMA®
05/24/2023
032: 529 Plans: How to Get the Most from Your Education Savings with Mark Kenney, CFP® and Matthew Peck, CFP®, CIMA®
With income tax season in the rearview, some people tend to shift their focus to saving toward a child's education. This time of year, we'll often hear questions like: What are the best options? Wasn't there something new about 529s in SECURE Act 2.0? Has anything changed? If you're someone who has any of those questions (or others!) and you want to start preparing for your child's (or grandchildren's) education, this episode has everything you need to know about 529 Plans, including information on the changes that apply to 529s. In today's conversation, our very own Mark Kenney and Matthew Peck dig into how you can maximize the tax advantages of a 529 plan to offset college costs, the benefits of contributing to 529s at any stage of life, and how recent changes to the tax code affect 529 contributions. If you have questions, we have answers. Enjoy! In this podcast interview, you’ll learn: How 529s are structured, who can contribute to them, and the major tax advantages of these funds. How retirees can contribute to kids, grandkids’, and others’ 529s. The options that are available if a 529 plan beneficiary doesn’t go to college. Why a 529 plan doesn’t negatively impact financial aid or student loan eligibility. Why investing in 529s should probably come after your 401(k). Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/26933334
info_outline
Special Market Update: The Debt Ceiling Crisis
05/17/2023
Special Market Update: The Debt Ceiling Crisis
Amidst the headlines about Congress debating the Federal Government's debt ceiling, it's easy to feel overwhelmed by all the details. But worry not, because we have Matthew Peck, CFP® CIMA®, co-founder of SHP Financial! Listen as he shares his knowledge and brings clarity to the confusion so that we can get a better understanding of how this issue impacts us in the long run. Connect With Us on Social
/episode/index/show/retirementroadmap/id/26859489
info_outline
030: Helping Clients Dream Big and Find Their Purpose in Retirement with Patrick Randall & Jack Tomczyk
05/10/2023
030: Helping Clients Dream Big and Find Their Purpose in Retirement with Patrick Randall & Jack Tomczyk
When you look at your retirement plan on paper, it might just feel like numbers on a page. But what exactly do they mean? How do you make sense of them, and get a clear vision of what your retirement might actually look like? To answer this question, we’re talking to Team Pat: Patrick Randall and Jack Tomczyk. Pat has been with us at SHP for over five years, and Jack is his right-hand man, ensuring that his clients can always get answers to their tough questions–even if Pat’s unavailable. In today’s conversation, we get into the important questions that Pat and Jack ask their clients to help them find their purpose and keep it top of mind as they transition out of their full-time careers. We’ll also discuss how to set and achieve goals in retirement (both big and small), and how to structure your time to get more out of it, no matter how old you are. In this podcast interview, you’ll learn: A financial advisor’s primary goal during the initial conversations with new clients. How proper financial planning helps retirees dream big and cross things off their bucket list. Why it’s so important to have a plan in place as you prepare for–and enter into–retirement. How the non-financial aspects of retirement planning inform the financial aspects of a good retirement plan. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit Connect With Us on Social
/episode/index/show/retirementroadmap/id/26786259