Unlocking Your Financial Future

You’ve probably heard a lot about tax reforms recently. How will these changes impact your portfolio? What can you do to protect yourself?    Read more and get additional financial resources here: https://baschrock-fg.com/ep-77-potential-tax-reforms-part-1/   What we discuss on this episode:  0:15 – Tax reform and capital gains 0:55 – What is subject to capital gains? 2:48 – Brokerage accounts and...

Ben Schrock and Keith Lockwood from B.A. Schrock Financial Group talk about how life insurance can be a tax-free income source in retirement when properly structured.    In this episode, Ben and Keith discuss:  Why you might want to use life insurance rather than a ROTH IRA as a potential tax-free income source in retirement.    How Keith Lockwood used properly structured life insurance to create...

Ben Schrock and Keith Lockwood from B.A. Schrock Financial Group talk about what is and how to use an irrevocable life insurance trust also known as an ILIT.  In this episode, Ben and Keith discuss:  In what situations an ILIT might make sense.  How we helped a client by using an irrevocable life insurance trust.  And more...

Ben Schrock and Keith Lockwood from B.A. Schrock Financial Group talk about how you might use life insurance beyond ensuring that funeral costs are covered.   Life Insurance is an easy topic to put off talking about but it is one of the most powerful tools when it comes to retirement planning.     In this episode, Ben and Keith discuss:  Why you might want to use Life Insurance for tax mitigation...

Ben Schrock and Keith Lockwood from B.A. Schrock Financial Group talk about one of the most misunderstood asset classes… life insurance  In this episode, Ben and Keith discuss:  The LIFT Strategy at B.A. Schrock. What people misunderstand about Life Insurance. Why Life Insurance might be one of the best asset classes for you. And more…

In the third and final segment of the life changes series we are going to talk about the last step on any career journey, retirement. In the first two segments, we talked about what to consider when starting out your career and what you should be thinking about during a career change, but now we are going to dive into what you should be thinking about as you near retirement.    In this episode of...

At some point down your career path, you might make the decision to change jobs in pursuit of a more lucrative position, to get away from a bad work environment, to move to a new location, or to just get a change of pace. With all of the chaos that comes with a career change, it can be easy to overlook some of the important financial factors that could be considered at that time.     In this episo...

In this episode of Unlocking Your Financial Future podcast, Ben Schrock and Colleen LeMasters from B.A. Schrock Financial Group talk about the important factors you should be aware of when you start your career. They run us through an example of how they helped a client optimize their employee benefits, reduce their tax liability and unlock their financial future.

Ben Schrock and Dan Oaklief from B.A. Schrock Financial Group talk about incorporating 403(b)s into your retirement plans in episode 69 of The Unlocking Your Financial Future Podcast.  In this episode, Ben and Dan discuss:  Why most teachers don’t know that they have the option of a 403(b). The different options you have to use 403(b)s. How you can enroll in a 403(b).  Why you might want to use a...

Ben Schrock and Dan Oaklief from B.A. Schrock Financial Group talk about 403(b)s in episode 68 of The Unlocking Your Financial Future Podcast.  In this episode, Ben and Dan discuss:  How Dan walked a client through the changes in the pension system and made it possible for her to be able to retire on time. Why 403(b)s are becoming more important. Why 403(b)s are overlooked and why you might want t...

Ben Schrock and Dan Oaklief from B.A. Schrock Financial Group talk about State Pensions in episode 67 of The Unlocking Your Financial Future Podcast.  In this episode, Ben and Dan discuss:  Why you should be careful when electing your pension. Common misconceptions around pensions.  The different options for pensions and what might make sense depending on your position. And more...

Ben and Kaitlin from the B.A. Schrock Financial Group talk about Social Security in episode 65 of The Unlocking Your Financial Future Podcast.  In this episode, Ben and Kaitlin discuss:  The “elephant in the room”, will Social Security run out? Recent changes to Social Security The potential future changes to Social Security and how they might affect your retirement  And more...

Ben and Kaitlin from the B.A. Schrock Financial Group talk about Biden’s proposed changes to 401(k)s in episode 65 of The Unlocking Your Financial Future Podcast. In this episode, Ben and Kaitlin discuss:  The difference between tax deductions and tax credits Biden’s proposed tax credit How this might change your tax minimization strategies And more...

It’s time to test your financial buzzwords knowledge. You’ve probably heard a lot of this jargon at some point, but do you know what it actually means? Let’s try to provide some clarity on this episode.     Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-64-do-you-know-what-these-financial-buzzwords-mean/     What we discuss on this episode:  2:02 – T...

On this episode of Unlocking Your Financial Future with Ben Schrock, we’ll share five important questions you need to know to prepare for retirement. Let’s see how well you know your finances.    Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-63-are-you-prepared-for-retirement-take-this-quiz/     What we discuss on this show: 2:37 – Do you know how m...

You know the saying, “The customer is always right.” Well, that’s not always the case in the financial world. On this episode of Unlocking Your Financial Future, we explain why you should rely on your advisor’s expertise.   Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-62-in-the-financial-world-the-customer-isnt-always-right/     What we discuss on...

No matter how you feel about the 2020 election, it’s best to stay calm when dealing with your financial future. On this episode of Unlocking Your Financial Future, we explain how to handle retirement planning after an election.      Read more and get additional financial planning resources: https://www.baschrock-fg.com/podcast/ep-61-election-update-what-does-it-mean-for-financial-planning/     Wha...

On this episode of Unlocking Your Financial Future, we answer your questions about inheritance, investing, income and much more.   Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-60-mailbag-answering-your-questions-about-inheritance-investing-and-income/     What we discuss on this show:  2:39 – I’m worried my son will blow this inheritance 4:27 – I h...

Most people have a 401K or other retirement plan, but it’s not as simple as contributing money and collecting it when you retire. There are a lot of decisions you can make about investments, loans, rollovers and more. On this episode of Unlocking Your Financial Future, we answer some frequently asked questions about 401Ks.   Read more and get additional financial resources here: https://www.baschr...

We’re talking specifically to Baby Boomers on this episode. What are the most common challenges, fears and goals of this generation? What are some of the mistakes Boomers often make and how can they be avoided?   Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-58-baby-boomer-common-retirement-mistakes-and-concerns/     What we discuss on this show:  3...

On this episode, we share five commandments that should be written on stone tablets in your retirement plan.   Read more and get additional financial planning resources here: https://www.baschrock-fg.com/podcast/ep-57-five-financial-commandments-to-follow/     What we discuss on this show: 2:36 – Thou shall not compare your investments to the stock market without the proper context 5:13 – Thou sha...

Is $8 million the new target for retirement? We found an article that points to that idea so we’ll share our thoughts about how this impacts planning on today’s podcast.    Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-56-is-8-million-the-new-target-for-retirement/     What we discuss on this show:  1:51 – Financial Samurai blog 3:22 – Where did the...

Financial decisions are a lot easier with the benefit of hindsight. Here are some common mistakes people have made this year and how hindsight could have helped them in 2020.   Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-55-hindsight-20-20-five-common-financial-mistakes/     What we discuss on this show: 2:09 – Getting out of the market 5:20 – Not...

Just like technologies change and become outdated, so do some retirement planning strategies. Let’s look at five financial strategies that have become obsolete.   Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-54-five-outdated-financial-strategies/     What we discuss on the show:  2:55 – 4% rule 4:27 – 10/5/3 rule 6:22 – Move money from stocks to bo...

Clients often ask us about their house (or houses) and how they fit into retirement plans. From downsizing to rental properties to interest rates, let’s explore some of the top retirement questions as it relates to all things housing.   Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-53-common-housing-and-retirement-questions/     What we discuss on t...