Unlocking Your Financial Future

Ep 103: SECURE Act 2.0 – Retirement Changes You Need to Know About

Another round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up.
 
Here’s some of what you’ll learn on this episode:
The key differences in SECURE Act and SECURE Act 2.0 (1:06)
The age for RMDs is moving back even further. (2:52)
The penalties for missing RMDs is not nearly as significant. (3:59)
The big change to 529 plans that might give you more flexibility. (7:20)
Employers have the ability set aside money for student loan payments. (12:27)
Some lifetime income options inside 401(k) accounts will be available. Is that a good thing? (17:36)
 
For more, visit us online: https://baschrock-fg.com/
 

Ep 102: Market Risk with Colleen LeMasters, CFP®, ChFC®, BFA™

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 to take in 2023.
 
Here are some of the things you’ll learn in this episode:
Should we peel off gains in the oil and gas sectors? (3:51)
We should reevaluate risk tolerance with clients. (7:01)
Navigating difficult conversations with clients. (13:22)
 
For more, visit us online: https://baschrock-fg.com/

Ep 101: End of the Year Planning Pt. 2

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 circumstances so they know they will be covered. Listen to hear some of the other important factors to approaching retirement.
 
Here are some of the things you’ll learn in this episode:
How we can help you navigate through applying for Social Security. (2:07)
You should know how much money you want to spend in retirement long before your retirement date so we can be sure your goals are aligned with your savings and investments. (4:31)
What you should consider about health care in retirement to make sure you are okay from a financial standpoint. (6:14)
For more, visit us online: https://baschrock-fg.com/

Ep 100: End of the Year Planning Pt. 1

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% of what you should have taken out (in the following year). This is just one thing to consider of the many key points we will be touching on.
 
Here are some of the things you’ll learn in this episode:
What you should know about RMD planning. (0:42)
Here Dan shares a few strategies on RMDs. (4:00)
Here you can learn about IRAs and contributions for ways you can save. (9:01)
For more, visit us online: http://bashrock-fg.com

Ep 99: Market Updates – Where Are We Headed?

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 shifted the tides. Listen as we discuss some market updates that you may want to know.
 
Here are some of the things you’ll learn in this episode:
Historical data is a great reference for gauging the upcoming market, but you also must consider the very recent market and events. (3:40)
Are we at the start of a year-end rally? (6:47)
Here we share year-end opportunities to look out for. (8:32)
For more, visit us online: http://bashrock-fg.com

Ep 98: Navigating Market Volatility (Part 2)

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 market in the coming months. Keith shares the types of investments he recommends in the current market, and what we might be able to expect in the coming months.
 
Here are some of the things you’ll learn in this episode:
What kind of stocks should we be concentrating on in this market? (1:34)
Learn about growing opportunities in the fixed income space that we haven’t seen in a long time. (6:00)
Keith shares his thoughts on different stocks. (9:23)
How the markets will likely be affected by the upcoming elections. (15:33)
For more, visit us online: http://bashrock-fg.com

Ep 97: Navigating Market Volatility (Part 1)

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 retirement planning, and more. We will try and bring you some clarity so you can make the best decisions for your investment portfolio.
You may have heard people claim we are near (or in) a global recession. Today we will talk about whether the market is an indicator of a recession and how we feel about the Fed’s efforts toward balancing the market.
 
Here are some of the things you’ll learn in this episode:
Is the market an indicator of a global recession? (4:39)
Should the Feds stop raising rates? (7:03)
What some large retailers had to say about inflation. (8:13)
Election months tend to be the most volatile. (11:40)
For more, visit us online: http://bashrock-fg.com

Ep 96: Mortgage Lending Options for Investors (Part 2)

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 available and what that process entails.
 
Here are some of the things you’ll learn on this episode:
What are blanket loans? (1:28)
What key qualifications are lenders looking for? (2:52)
Bridge loans vs blanket loans (5:22)
How they assist people that are interested in commercial investing  (12:30)
Ways they work with the local community.  (19:35)
Check out part 1: https://baschrock-fg.com/ep-95-the-benefits-to-lending-through-a-local-bank-part-1/