Losing your spouse, especially suddenly or in retirement, is a devastating yet common aspect of life. It’s a painful and emotional life event, which makes it very difficult for married couples to plan for, especially from a taxation standpoint.

That’s why we created our Retirement Road Map, designed for all five areas of your financial well-being. From income, investments, taxes, healthcare, and legacy planning–we’re here to support our clients so they’re prepared when facing life-changing circumstances.

Today, Keith Ellis, Jr is joined by two advisors from SHP, Joe Anderson and Anthony Finocchiaro, to talk about what happens when a spouse passes away and what we do with our clients to ensure that the surviving spouse is taken care of.

We discuss the immediate impacts of death on your finances, how to plan for the unexpected to protect yourself in emotionally trying times, and how to organize your estate at any time in your life to preserve your legacy.

In this podcast interview, you’ll learn:

• Why losing a spouse rarely cuts the living expenses in half.
• What you can do to take financial uncertainty out of this worst case scenario.
• How the best financial advisors minimize the overwhelm that people face when losing a spouse and life partner.
• The two goals of any good financial plan.
• The tax conversations you should be having with your advisor now to protect yourself 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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If you’ve made smart financial decisions, secured your nest egg for retirement, and accumulated enough wealth to leave behind, you’ll undoubtedly have questions about minimizing estate taxes.

It’s one thing to pay your fair share of taxes, but nobody wants to send more money to Uncle Sam than they have to. And that’s where having expert advice can help save thousands of dollars and leave more to your loved ones than the government.

Here to share some strategies to create a tax-efficient legacy plan is Attorney Matthew Karr of the Heritage Law Center. We’ve been working with him for nearly 10 years, and we’re thrilled to have him on the podcast today.

In this conversation, we dig into the key elements an estate and legacy plan, strategies to minimize estate taxes, and what to look out for in the wake of the latest changes to the tax code.

In this podcast interview, you’ll learn:

• How estate taxes are structured and how they work.
• Helpful tips for naming a trustee to settle your estate.
• How gift taxes and gift exemptions work to safely pass on money tax-free.
• Why every financial and tax situation requires a unique approach.

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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Alternative investments: Perhaps you’ve heard of them or even dabbled with them in your portfolio. The alternative marketplace has grown rapidly over the past few decades, with no signs of stopping. If you have questions about what they are and how they can add value to your portfolio, we’ve got you covered.

We’re excited to have Mike Prescott on the podcast today to help guide us through this landscape. Mike is a Trading Specialist here at SHP Financial and a level 2 CAIA (Chartered Alternative Investment Analyst) with over 10 years of experience in the industry.

In this episode, Mike walks us through some of the most common types of alternative investments (including private equity and private credit), how to determine when investing in alternatives is right for you, and the critical questions you need to ask any advisor before you take the plunge in the alternatives marketplace that continues to grow in popularity.

In this podcast interview, you’ll learn:

• What defines alternative asset classes and the five most common types.
• What alternative asset classes all have in common–and what sets them apart.
• Questions to ask any advisor managing an alternative investment before making those decisions.
• The three common structures for alternative asset classes.
• How Trading Specialists like Mike vet alternative assets before recommending them to clients.

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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