Retirement Road Map

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.

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 SHPfinancial.com/podcast

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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 McManus Estate Planning, 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 SHPfinancial.com/podcast

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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 SHPfinancial.com/podcast

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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 SHPfinancial.com/podcast

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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.

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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 SHPfinancial.com/podcast

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It's been almost two decades since any of us had to deal with rising interest rates–and as a consequence, anyone buying a home right now is probably shocked by how different things are.

To help make sense of the mortgage landscape with rising interest rates and refinancing options, we're thrilled to be talking to Nathan Hartseil. At Main Street Home Loans, Nathan helps our clients make the best decisions in complex situations.

In today's episode, Nathan shares the hard lessons he learned getting his feet wet in the financial industry at the height of the Great Recession, what makes our current economic moment so unprecedented (and is making it so much harder for first-time homeowners to buy), and financial strategies you can use right now.

In this podcast interview, you'll learn:

• Why it's so important to discuss your long-term financial plans and goals with your banker as you purchase a home.
• Why the low interest rates of the last several years are unlikely to return.
• Important factors that Nathan uses to adjust his recommendations daily.
• Why housing inventory hasn't increased, even though we're likely in a recession.
• New financial products being created for buyers and sellers alike.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

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Contrary to popular belief, all financial firms and their advisors are not created equal. It's actually a common myth that all financial advisors do the same thing and give the same advice. What they do–and how they do it–can be drastically different from company to company.

We started SHP Financial in the early 2000s, but it wasn't until the 2010s that we really began to scale our practice–and it couldn't've happened without today's guest.

Brad Johnson is a principal at Triad Partners, and he's coached thousands of financial advisors to hone their craft and become the best of the best in the industry. Brad played an instrumental role in our growth, and his knowledge and experience has improved the lives of countless retirees and the advisors who work with them.

In today's conversation, we dig into the difference between independent and captive financial advisors, the key questions you should ask any potential advisor, and why there's so much more to retirement planning than creating a portfolio of stocks, bonds, and mutual funds.

In this podcast interview, you'll learn:

• Why some financial advisors and insurance agents choose products that aren't in their clients' best interest.
• The difference between people who call themselves fiduciaries in their commercials and actual fiduciaries.
• Why the best advisors have every tool at their disposal to help you.
• Why an investment portfolio alone is not a plan.
• The big questions you need to ask as you plan the retirement of your dreams.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

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The financial landscape can feel like it is always evolving, and 2023 is no exception. As we head into Quarter 2, 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.