Retirement Road Map®

Derek Gregoire, Keith Ellis, and Matthew Peck

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! read less

022: Estate Planning: Simple Tips for Keeping Your Plan Up To Date with Keith McManus
1w ago
022: Estate Planning: Simple Tips for Keeping Your Plan Up To Date with Keith McManus
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. 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 Connect With Us on Social FacebookLinkedInYouTube
021: Top 3 Financial Planning Tips for a New Year
Jan 11 2023
021: Top 3 Financial Planning Tips for a New Year
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. 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 Connect With Us on Social FacebookLinkedInYouTube
018: End of Year Planning Tips to Take Advantage of a Bear Market
Nov 16 2022
018: End of Year Planning Tips to Take Advantage of a Bear Market
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. 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 Connect With Us on Social FacebookLinkedInYouTube
017: How Financial Firms Are Earning the Trust of Retirees with John Capuano
Nov 2 2022
017: How Financial Firms Are Earning the Trust of Retirees with John Capuano
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. 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 Connect With Us on Social FacebookLinkedInYouTube
015: Market Volatility: The Keys to Understanding Market Behavior with Brian Roseman
Oct 5 2022
015: Market Volatility: The Keys to Understanding Market Behavior with Brian Roseman
Market volatility. We’ve been hearing about it for what seems like forever now. And while we’d love to see continuous growth in our portfolios, in times like these, it feels like a yo-yo is painting the graph charts. To help us better understand market behaviors, we’re thrilled to introduce you to one of our Financial Advisors here at SHP, Brian Roseman. Brian has been trading for over a decade. He’s celebrated big wins in the stock market, and also learned some hard lessons that he’ll be sharing with you today. In this conversation, we get into how trading and market activities factor into your retirement plan. You’ll learn why investors make (and lose) money, how to avoid making mistakes that can put massive dents in your finances for years to come, and the critical components of a comprehensive financial plan. In this podcast interview, you’ll learn: What causes movement in the market.Why no one is ever going to be able to consistently time the market to make more money.How market volatility should influence your portfolio and financial plan.What you can do to prevent making irrational decisions.How to create a financial plan that takes emotion out of your investing altogether and stop worrying about the markets, even on their worst days. 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 Connect With Us on Social FacebookLinkedInYouTube
014: The Importance of Long Term Care Planning in Retirement with Patrick Randall
Sep 7 2022
014: The Importance of Long Term Care Planning in Retirement with Patrick Randall
When we see a prospective client for the first time, they often have a portfolio. However, they don’t have a five-step plan. Even if they have a plan of some kind, they’ve rarely put much thought into health care planning. The reason is simple: health care planning, and especially planning for long-term care, can be extremely complicated, expensive, and somewhat depressing. However, being proactive can save you huge sums of money later on–and give you the opportunity to enjoy your life to the fullest. To discuss this topic, we’re joined by Patrick Randall. Patrick is an advisor on the SHP team. He believes that financial planning is a continual process, and works with our team to provide clients with peace of mind as they transition through every stage of life. He earned his BS in Finance from Bentley University and his MS in Finance from McCallum Graduate School of Business, and is on track to become a Certified Financial Planner as well. In this episode, we explore why you need more than just Medicare to cover your medical expenses in retirement, why you need long-term care planning no matter how healthy you are right now, and how to build a long-term care plan that allows you to mitigate risk, reduce your burden onto your family, and protect your assets and legacy as best as possible. In this podcast interview, you’ll learn: The six aspects of long-term care.Why women and people living alone are both more likely than men or couples to need long-term care.Why it can be very expensive to get on Medicaid.Why so many people believe their families will take care of them in the event of a health crisis–and why this scenario rarely plays out as anticipated.Why there’s no one-size-fits-all solution to long-term care planning–and how to choose the investment vehicles best suited to your situation. 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 Connect With Us on Social FacebookLinkedInYouTube
011: How To Turn Your Portfolio into a Financial Plan with Nick Nelson
Jul 6 2022
011: How To Turn Your Portfolio into a Financial Plan with Nick Nelson
When most folks come into our offices for the first time, they have a portfolio of mutual funds, stocks, bonds, annuities, cash, real estate, and other assets. What they don’t have is a full financial plan. At SHP, we have a team dedicated just to financial planning, and today’s guest, Nick Nelson, leads that team. Nick joined SHP Financial in June 2016 after beginning his career with an independent financial planning firm in downtown Boston. He’s a registered Financial Advisor, is Securities licensed, and he’s motivated and passionate about making a difference in the everyday aspects of people’s lives. In today’s conversation, Nick joins the podcast to talk about his financial planning process with new clients, the risk factors you should be thinking about as you approach retirement age, and the key components of a comprehensive financial plan designed to allow you to live comfortably into old age and protect your legacy. In this podcast interview, you’ll learn: How strong financial planning helped us add a million dollars of value to a client’s portfolio.Why so many people are comfortable with not having a plan–and how this can negatively impact them sooner than later.The three worlds of money you can invest in in retirement.Why tax strategy is coming up more than ever–and how to manage your liability when investing in a 401(k), IRA, 403(b), or 457.The five key areas where retirees make critical mistakes when it comes to 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 Connect With Us on Social FacebookLinkedInYouTube
010: The Advantages of Working with a Younger Financial Advisor
Jun 1 2022
010: The Advantages of Working with a Younger Financial Advisor
In our industry, there’s a saying: the two people in your life that you want to make sure are younger than you are your financial advisor and your doctor. After all, if you’re 50 or 60 and working with a financial advisor who’s the same age as you, guess what they’re going to be doing in 5, 10, or 15 years? When you retire, they’ll probably retire too! To discuss this topic, we’re thrilled to be chatting with Chase Reardon, who’s in-house with us here at SHP Financial–and one of our younger advisors. He’s passionate about getting to know his clients on a personal level and a financial level to help them retire successfully. In this podcast, we discuss the advantages–logistical, technological, and otherwise–that come with working with a younger advisor. You’ll learn about the unique mindset that younger advisors bring to our industry, how they’re working to evolve the field, and several factors to consider as you build your retirement plan, no matter your (or your advisor’s) age. In this podcast interview, you’ll learn: Why you may need a succession plan not just for yourself, but for your financial advisor, when you work with someone your age or older.How working with a younger advisor can give you access to new financial planning tools, including cloud-based modeling and risk analysis solutions.Why COVID, interest rates, and inflation have changed how younger advisors think about, approach, and build financial plans.How to ensure you’ll have long-term continuity with your financial advisor. 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 Connect With Us on Social FacebookLinkedInYouTube
009: Do You Have a Financial Plan, Or Just a Portfolio?
May 4 2022
009: Do You Have a Financial Plan, Or Just a Portfolio?
A successful retirement isn’t just about your investments. For many retirees, the biggest, most crucial thing is having a comprehensive retirement plan–of which the portfolio is a big piece. What many people don’t realize is just how much work goes into the plan. Even if you have a financial advisor, you might just be getting the portfolio–not the planning or the strategies to address taxes, legacy, cash flow, and more.  In today’s episode, we’re talking about why a good financial plan matters, why they’re going to remain important for years to come, and potential gaps in your own retirement strategy to fill in as you chart a path, secure your future, and live your dream.  In this podcast interview, you’ll learn: The value of having a team of specialists who can all execute in different areas.What’s missing from your retirement plan when all you have is a portfolio.Why it’s so easy to accidentally pay egregious and unnecessary fees when working with financial professionals.What a deep dive into tax planning looks like–and why it’s a lot more than looking at your taxes in the rearview.How a strong financial plan makes it easy for clients to assess their assets, investments, cash flow, legal documents, and net worth in a matter of seconds. 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 Connect With Us on Social FacebookLinkedInYouTube
007: What You Need to Know Before Buying Business Insurance with Tom Rogers
Mar 2 2022
007: What You Need to Know Before Buying Business Insurance with Tom Rogers
For many business owners, insurance is all but guaranteed to be a massive part of their portfolio. Though it may seem simple at first, entrepreneurs rely on insurance products to safeguard their companies from risk, and the wrong coverage can create liabilities, hinder growth, and negatively impact one’s retirement. Joining me to discuss these topics is Tom Rogers. Tom is the Chief Growth Officer at FBinsure–a full-service independent insurance agency serving personal, commercial, and benefits clients here in the Northeast. He’s a 20-year insurance industry veteran, and he’s uniquely focused on challenging the traditional insurance buying process in favor of a holistic advisory approach. In today’s conversation, we talk to Tom about how business owners can ensure that they’re protected while executing on powerful growth strategies. In this podcast interview, you’ll learn: The biggest risks for business owners–and why a small problem can snowball into a seven-figure loss if it goes to litigation.New potential liabilities facing business owners that they may not be insured for under a conventional policy.The unique challenges of purchasing commercial insurance–and how to find the broker and coverage that’s right for you.How business insurance fits into an entrepreneur’s estate plan.Why you should always get a second opinion before committing to an insurance 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 Connect With Us on Social FacebookLinkedInYouTube