The big topic for 2023 that is on everyone's mind has definitely been the looming recession. Which leads to questions like: Will there be a recession? And if so, how bad will it be? Are we in a recession right now? What's happening with the Fed, and what should we do about it?

So, the timing couldn't be better to welcome Andrew Opdyke, Senior Economist with First Trust, back to the podcast. You've got burning questions, and he's got answers.

In our conversation, we get into how unprecedented stimulus can give way to runaway inflation, why the Fed has been raising interest rates so aggressively, and why Andrew is still optimistic about American progress and innovation. He'll also break down some key indicators that if/when a recession hits, it might not be as bad as some of the earlier predictions.

In this podcast interview, you'll learn:

• The factors that influence our markets and contribute to the risk of recession.
• How the Fed's thinking changed in the wake of the Great Depression, the Great Recession, and the COVID pandemic.
• Why we're likely going to see many companies down on earnings in the next several months.
• How to cope with the fact that it's all but impossible to predict everything that will happen in the world or time the markets.

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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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A new version of the SECURE Act was passed on December 29, 2022. While we were celebrating the holidays, a lame duck Congress passed a law that made sweeping changes to financial and retirement planning. Whether you're recently retired, saving for retirement or even just saving for college, these changes to the SECURE Act are worth noting.

With that in mind, today's episode is all about the most important changes made by the new SECURE Act–and, most importantly, how they may actually benefit you.

You'll learn how to take advantage of tax-deferred growth and catch-up contributions, a number of new financial tools available to employers and employees alike, and how the Labor Department is making it easier than ever to find lost 401(k)s from jobs you might've had 30 years ago.

In this podcast interview, you'll learn:

• Why the required minimum distribution age is increasing to 75 by 2033 and what makes this so important.
• The difference between traditional and Roth assets.
• How you can now take advantage of an unused (or underutilized) 529 to fund your grandkids' retirement.
• How employers can now make emergency accounts available to their employees.
• Why all the changes to the SECURE Act reaffirm the importance of good financial planning.

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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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Estate planning is a critical part of the retirement planning process. As we kick off the new year, this is a perfect time to ensure that your plan is up to date.

Things change over time. That includes our lives, our family, and even the laws that apply to estates. This means the wills, trusts, and other estate documents that protect our families and secure our legacies may need to change, too.

With that in mind, we're thrilled to have Keith McManus, attorney at McManus Estate Planning, back on the podcast. In our conversation, we discussed the downside of not reviewing and updating your estate plan, different ways to protect your biggest asset such as the family home, and the pros and cons of life estates and much more.

In this podcast interview, you'll learn:

• Reasons why a "set it and forget it" strategy can put your estate at risk.
• How to take advantage of incredible opportunities before the Tax Cuts and Jobs Act sunsets in 2025.
• Why you may want to prepare estate plans to protect young adult children, even if they haven't accumulated much wealth yet.
• What it means to create a life estate–and the potential risks and benefits of this approach to retirement.
• Why there's no such thing as a cure-all trust–and how this makes estate planning more important than ever.
• Why you never want to rely on a will as the backbone of your estate plan.

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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 a new year and on behalf of everyone here at SHP Financial, we hope you had a wonderful holiday season and a great start to 2023.

For many people, a new year starts off with a New Years' resolution. Perhaps one of your resolutions is to take a closer look at your finances and reduce your stress about money.

If that's the case, you'll want to ring in the new year with Matthew Peck and Keith Ellis, Jr. as they share their top 3 financial planning tips for a new year.

Whether you need help with making the changes to your portfolio, managing your monthly budget, or making your 401(k) and IRA contributions, that's what we're here for because that's what comprehensive financial planning is all about.

In this podcast interview, you'll learn:

• The value of rebalancing and readjusting your portfolio. Whether you're investing on your own or you're already working with SHP, a new year is an opportunity to reevaluate your circumstances.
• How target date funds can help rebalance your portfolio, especially as you get closer to retirement.
• Review your monthly budget and expenses. Especially with high inflation.
• Make sure that you're fully benefiting from new 401(k) and IRA contribution limits and maximizing the income tax benefits.

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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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As we start Quarter 1 of 2023, Founding Partner Matt Peck, CFP®, CIMA®, will provide clarity when it comes to what is happening in the economy and how it will impact your retirement.

What a year it's been. 2022 was one of the toughest financial years we've seen in our lifetimes. The state of the markets is concerning, but we've never been prouder of our team and what we've been able to do for our clients.

With that in mind, today's episode is all about what we've done behind the scenes to position our clients for success. As we prepare to celebrate our 20th anniversary at SHP, we're excited to talk to you about our new hires, our charity work, and what to look for as you consider a financial advisor or retirement plan.

In this podcast interview, you'll learn:

• How we're leveling up our customer service as we go into 2023.
• What we did to support our veterans, the Cape Wildlife Center, and the Plymouth Thanksgiving Parade.
• The key things to look for as you select an advisor or retirement plan–and how to tell if the Retirement Road Map process is a good fit for you.

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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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During the first ten years of SHP Financial–2003 thru 2012–we had a team that deeply understood how to build great financial plans and do right by our clients. However, we had work to do on the business side of our operations.

When we realized we needed to hire a COO, we interviewed Michelle Short–and quickly realized how much talent she brought to the table. She's helped us scale our business, delivers incredible experiences for our clients, and created new career paths for our team.

In this episode, we go behind the scenes to talk about how we transformed our company culture to create better client experiences, as well as share some of the lessons Michelle has learned–and taught us–over the years.

In this podcast interview, you'll learn:

• What makes the client experience at SHP so unique.
• How Michelle delivers a great client experience, helps us to stay organized, and improve our processes.
• The goals that we're aiming to achieve at SHP over the next 10 years.

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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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Financially speaking, 2022 has been a tough year. We've all been dealt a handful of lemons, the markets are in a uniquely difficult position, and your portfolio is likely down from the highs of 2021.

So, with all of that in mind, how can you turn your lemons into lemonade? Today, we're sharing some tips and strategies that we've been recommending to our clients to take advantage of the opportunities that exist before 2022 draws to a close.

If you're looking to improve on a difficult situation and position yourself for future success in the years to come, there are a number of things you should consider doing before the new year.

In this episode, we'll discuss how we landed in an extended bear market for the first time in 14 years, how diversification and tax loss harvesting can help to take advantage of what some see as a bad situation, and why long-term financial planning matters–regardless of what the market is doing.

In this podcast interview, you'll learn:

• How stimulus spending has led to a financial "detox" in the form of this bear market.
• How to use after tax and harvesting losses to reposition assets and bank yourself against future gains.
• When to meaningfully use Roth conversions to grow money at a substantial tax discount.
• Why you should still max out your retirement contributions where possible.
• Why retirees 65 and over need to review their Medicare coverage to avoid leaving money on the table.

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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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A personal relationship without trust is doomed to fail. And in business, it's no different. It's one of the things we take pride in at SHP because we know our clients trust us with more than their portfolio or retirement, it's their future, and it's a responsibility we don't take lightly.

Joining me to talk about the importance of trust in today's financial world is John Capuano. John is the co-founder of Lone Beacon, the nation's most sought-after sales and marketing company in the financial world. We've been working with John for over a decade to keep our finger on the pulse of retirees' habits, mindset, and thinking, and his research has always been fascinating.

In our conversation, John shares wisdom from his decades of experience as a marketer to talk about generation gaps in today's market, how to build trust in 2022, and what retirees really want to get from working with a financial advisor.

In this podcast interview, you'll learn:

• What John learned from talking to businesses running ads to the wrong audiences on the wrong networks.
• How retirees invest to purchase financial freedom and how important trust is before they make those decisions.
• Why authenticity and sincerity will always create engagement–and why John believes it can't be taught or marketed.
• Why John believes that business owners and their staff should treat clients like nervous fifth graders to maintain the relationship.

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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 it comes to retirement planning, almost everyone knows about the danger of a market downturn or rampant inflation. But what else is out there that could set you back, and how can you best protect yourself?

To answer those questions, today we're joined by one of our Financial Advisors here at SHP, Joe Anderson. Joe has coached countless clients through tough financial challenges and helped them solve many complicated problems.

In this episode, we dig into why it's essential to create a tax plan as you head into retirement, the potential burdens of healthcare, and the tools you can use to protect yourself and your money in the years to come.

In this podcast interview, you'll learn:

• Why countless retirees end up with no plan to pay their income taxes.
• How Medicare premiums end up doing serious financial damage to retirement plans.
• How long-term care ends up becoming a huge financial liability for so many people.
• Products and tools you can use to shield your assets or cover gaps in the event of a health event.
• Why a financial plan helps you understand the unknown and make sense of the real risks you could be facing in retirement.

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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