Unlocking Your Financial Future

Today’s guest is Colleen LeMasters, CFP®, ChFC®, BFA™. Colleen is an Investment Advisor Representative and Insurance Professional at FIG. In this episode, we will discuss market risk. There has been extreme volatility in 2022, and there is a lot we can learn from a year like this. Specifically, from a client management standpoint. Let’s discuss diversification and see what approaches we may want t...

Welcome to part 2 of our ‘End of the Year Planning’ mini-series. I’m back with Dan Oaklief, RICP®, CPFA. In this episode, we will be focusing on year-end planning from a retirement standpoint. Some pre-retirees hope to retire early but haven’t considered one of the more costly factors: health care. We connect our clients with a professional that helps guide them to the best option for their circum...

On today’s show, we will be discussing end-of-the-year planning with one of our Financial Advisors, Dan Oaklief, RICP®, CPFA. Our last episode touched on the current and future markets, and today we want to look at what you should consider as a retiree at the end of the year. One large factor to consider is the Required Minimum Distributions. If you do not utilize your RMDs, you’ll be penalized 50...

With the year coming to an end, you may be wondering what is in store for us over the next few months, as well as what 2023 with bring. While we can’t predict the future, we can certainly share our estimations of what may be coming. History should be used as a guideline for our current markets, as it tends to repeat itself, but we also must consider the recent markets and current events that have...

We have Keith Lockwood back for part 2 of this series. In case you missed the last episode, Keith has over 15 years of experience in investment management, portfolio construction, individual retirement planning, and more. Our last talk focused on more recent market volatility and talk of a global recession. In this episode, we will talk about the future and what we might be able to expect from the...

If you’re an investor or are thinking about investing, market volatility may be on your mind. Today we will look at some key points that you may be interested in. There are a lot of voices to sort through when it comes to opinions about the market In this episode, we have Keith Lockwood back with us. Keith has over 15 years of experience in investment management, portfolio construction, individual...

The housing market has seen incredible growth over the past few years and the low interest rates have been a big driver of that. Many people have been taking advantage of this current investing environment to buy properties that will generate income. Today we continue our discussion with Gary Kubalski and Keith Abramo from Union Savings bank to learn more about the different mortgage options avail...

The housing market has seen incredible growth over the past few years and the low interest rates have been a big driver of that. With so many people looking to buy a new home or a secondary property, mortgage lending comes up with our clients quite a bit. Today we’ve invited Gary Kubalski and Keith Abramo from Union Savings bank to tell us more about recent market and mortgage trends.   Here are s...

Health and wealth are some of the biggest factors for happiness in our lives. On today’s episode we’re going to focus on the health side of retirement, with our guest Anthony Schrock from Pack Performance Center.   Here are some of the things you’ll learn on this episode: What drove him to becoming a business owner and why this specific area of focus? (1:26) The importance of having a supportive a...

Health and wealth are some of the biggest factors for happiness in our lives. On today’s episode, we’re going to focus on the health side of retirement, with our guest Anthony Schrock.   Join us today as we break down these topics on today’s show: Why don’t more people prioritize their health? (4:29) What inspires people to come back and work on their fitness? (7:07) What can someone do at home to...

We’re continuing our conversation on cyber security today with IT expert, Ben Zelei. Last week we explored what phishing scams look like and what cyber criminals want from you. Today, we’ll break down a few ways the average consumer can protect themselves from these scams.   What we discuss on this episode:  1:13 – This will never happen to me 4:35 – So, what can we do? 6:33 – Ransomware encryptin...

Is your business data and personal data protected against cyber criminals? On today’s episode, we’ll explore protecting yourself against phishing scams with tech expert, Ben Zelei.     What we discuss on this episode:  0:50 – Ben’s background and entry into IT 2:55 – Was this always your passion? 3:28 – Was Cyber Security challenging? 4:02 – What is your role with your company? 5:48 – How does ran...

Once you have a conversation with your family about legacy planning, what are the next steps to ensure your plan is put into place? On today’s episode, we’ll explore everything from trusts and wills to beneficiary designations and TODs and how all of these fit into your overall retirement plan.     What we discuss on this episode:  0:46 – What are some other things people should consider? 2:13 – N...

Most people are likely to pass at least some money on to their family, children, or charity through an inheritance. On today’s episode, we’ll explore the role legacy planning plays in your overall retirement plan and some of the most common routes people use when passing money on to their beneficiaries.   What we discuss on this episode:  1:02 – Taking care of yourself versus leaving a legacy 3:01...

We continue our conversation with our chief investment officer, Keith Lockwood today. We’ll break down some market predictions for the rest of 2022 and 2023. Should we expect a rebound or a recession?   What we discuss on this episode:  0:44 – Do we expect the markets to take off or more volatility? 6:01 – Good momentum can help the market 11:22 – Why should we not jump out of the market? 13:53 –...

Chief Investment Officer, Keith Lockwood, joins us to break down the current market volatility we are experiencing and what you need to do (or not do) to protect your financial future.   What we discuss on this episode:  0:57 – What we’re going to cover 1:38 – What is causing the volatility? 3:27 – Why did the market drop in April? 6:31 – Is there an alternative? 8:33 – Should we be making moves?...

As we continue our conversation today with Erin Carbone, we will break down her journey as a business owner, the struggles and successes she’s faced and the future plans she has for Carbone Insurance Services.   What we discuss on this episode:  0:40 – Welcome back Erin! 3:19 – What made her buy a business? 4:20 – Would she ever go in a different direction? 5:36 – How was the transition? 7:35 – Di...

Joining us on today’s show, Medicare expert, Erin Carbone, will discuss the various working parts of Medicare, when you can apply, what kind of add-ons you should expect, and more.   What we discuss on this episode:  0:35 – Welcome Erin! 1:59 – A little bit about Erin 3:24 – How she got into the business 4:38 – What hooked her? 5:25 – Life and health license 6:03 – What is Medicare? 9:17 – Avoid l...

Today we are continuing our conversation with NFL offensive guard Brian Winters on entrepreneurship and preparing financially for the future. We’ll explore Brian’s plans for when he retires from the NFL and his goal of building a real estate business.     What we discuss on this episode:  0:29 – Life after football 1:57 – Getting into real estate 2:38 – Did someone influence him? 4:15 – Growing a...

NFL offensive guard, Brian Winters, joins us to discuss saving habits, investment management, and football! What kind of financial mindset does Brian have and how can it help you save for retirement?   What we discuss on this episode:  0:56 – Background on Brian 1:39 – Realizing he could be in the NFL 3:19 – Starting 110 games 5:00 – Become a financial saver 6:54 – Financial support   7:54 – Learn...

How do you protect yourself and your finances against the various different forms of fraud out there? On today’s show, we’ll discuss different types of scams and what you should be doing to keep yourself safe.   What we discuss on this episode:  0:38 – Umbrella of Fraud 1:54 – Fraud with a client 3:14 – Protecting our clients 4:41 – Ben’s story about fraud 7:24 – Careful about emails 8:38 – Scams...

Do you have a strategy for required minimum distributions once you turn age 72? On today’s episode, we’ll discuss RMDs and how you should approach them in your retirement plan.   What we discuss on this episode:  1:05 – What is an RMD? 1:59 – Changes to RMDs 3:01 – Advantages to changes 4:03 – Alleviate tax burden   4:28 – Tax-saving strategies 5:53 – Balancing your accounts 6:39 – Asset allocatio...

Do you want to save more in the new year? Is your emergency fund set up? Join us today as we discuss savings goals for 2022 and how you can reach those goals.   What we discuss on this episode:  0:39 – New year planning  1:45 – Having a written plan  2:16 – A changing plan  2:39 – Where to start saving  3:50 – Why a budget is necessary   4:23 – Being truthful with your budget  5:16 – Planning for...

As we ring in the new year, it’s a great time to organize your finances and set some financial resolutions and goals for 2022. On today’s episode, we’ll be discussing retirement contributions, paying off debt, student loans, and more.     Read More: https://baschrock-fg.com/ep-79-financial-resolutions-for-2022-part-1/   What we discuss on this episode:  1:08 – Why is it important to plan at the be...

What changes are being proposed in Congress when it comes to lifetime exemptions and the step-up in cost basis? While many of these changes are not set in stone, we want to keep you updated and prepared.   Read More: https://baschrock-fg.com/ep-78-potential-tax-reforms-part-2/   What we discuss on this episode:  1:03 – Lifetime exemptions 4:39 – Step-up in cost basis 10:06 – Some other probable ch...