In recent years, there has been plenty of talk about the burden of paying for a college education, and student loan forgiveness has been a hot topic. If it’s in the news, then weighing on the minds of our clients.

That’s why we’re so grateful to have Mark Kenney, CERTIFIED FINANCIAL PLANNER and CERTIFIED TAX SPECIALIST here at SHP Financial. With college tuition soaring, preparing for your children’s or grandchildren’s education is more important than ever.

In our conversation, you’ll learn some shocking truths about how much student loan debt is being carried in the US, which assets are included in FAFSA’s (Federal Application for Student Aid) calculations, and which aren’t, and 529 accounts are a great way to save for college education.

In this podcast interview, you’ll learn:

• Why most of the $1.75 trillion in student loan debt is being carried by people over 60 years of age.
• How to differentiate between the assets that are included and excluded in FAFSA applications.
• Some of the myths about 529 accounts and why they’re an important part of a college education plan.
• The eligibility requirements, interest rates and repayment terms of Parent PLUS loans.
• Mark’s advice on how to decide between helping to pay for college education vs leaving a legacy with your investments.

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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Now that the 2024 Election is in the books, we know that a new and yet familiar President-elect will take control of the Whitehouse in 2025. So, what does that mean for your investments and finances?

To help answer that question, Matthew Peck highlights some of the economic factors that SHP Financial will be keeping a close eye on that will impact the markets. While inflation and taxes have been hot topics for some time now, many people are undoubtedly concerned about what the next administration will do to address these issues.

In this episode, Matthew breaks down the state of the U.S. economy, how tariffs impact the cost of consumer goods, and how new corporate tax cuts could negatively impact inflation.

In this podcast interview, you’ll learn:

• The state of our economy in terms of GDP, inflation, and jobs in late 2024–and how this will influence policy in the years to come.
• How Trump’s proposed tariffs could dramatically drive up prices for American consumers.
• Possible loopholes to be created by new tax codes.
• How difficult it is to cut taxes while still addressing inflation and the national debt.
• How mass deportations, if they happen, will massively reshape America’s labor industry.

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 been following the podcast, you’ve likely heard us talk about Roth conversions many times. At SHP, we use Roth conversions as a tool on a daily basis.

But it occurred to us, a lot of our listeners might not fully understand what it means or might not be aware of the pros and cons to completing a Roth conversion. So we decided to dedicate a full episode on this very topic today.

In this episode, Matthew Peck is once again joined by Nick Nelson, VP of Advisory Solutions at SHP Financial. Together, they'll cover all the basics and the ins and outs of why Roth conversions are such an important tool that we use in our financial planning process.

Matt and Nick dive deep into the mechanics of a Roth conversion, who benefits the most from them, and when the best time for a retiree or pre-retiree should consider a Roth conversion to minimize taxes in retirement.

In this podcast interview, you’ll learn:

• What money gets converted when moving into a Roth IRA.
• Key factors to consider before doing a Roth conversion.
• How a Roth conversion potentially creates additional flexibility down the road.
• The best time to consider a Roth conversion.
• When the Tax Cuts and Jobs Act (TCJA) will expire and what that means for investors.

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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