Unlocking Your Financial Future

Roth IRAs and Conversions Explained (Part 2)

We’re back with Dan Oaklief, RICP®, CPFA® to continue our conversation about Roth IRAs. If you missed part one, be sure to check that out here. In it, we break down the fundamentals of Roth IRAs and discuss the contribution rules for 2023, contribution limits, and much more.
For part two of this series, we’re going to dive a bit deeper into this conversation. Dan will discuss the signs that might prompt a Roth conversion recommendation, the benefits of spreading Roth conversions out over several years, and why the timing of these conversions matter. Listen in as we further demystify Roth conversions and dive into the potential tax-saving and legacy planning benefits that can come with them.
 
Here’s some of what we discuss in this episode:
What prompts a recommendation for Roth conversions in financial planning?
Why is it important to spread Roth conversions over several years instead of doing a lump sum conversion?
How does the timing of Roth conversions, particularly in Q4, affect the planning process?
What are the long-term tax benefits of Roth conversions, especially in the context of RMDs?
 
 For more, visit us online: https://baschrock-fg.com/

Roth IRAs and Conversions Explained (Part 1)

Today we’re joined by the one and only Dan Oaklief, RICP®, CPFA® to dive into the world of Roth IRAs. As we enter the fourth quarter, we have a lot of conversations about Roth IRAs and conversions this time of year. We thought it’d be the perfect time to break down key differences between the two and answer some common questions in a two-part episode.
 
Here’s some of what we discuss in this episode:
What is a Roth IRA?
What are the Roth contribution rules + limits in 2023?
What is a Roth conversion + the benefits of a Roth IRA and Roth conversion?
 
 For more, visit us online: https://baschrock-fg.com/

Celebrating a Decade of Marriage and 11 Years In Business

In the month of August, Ben and Kaitlin celebrated 10 years of marriage and 11 years of BA Schrock Financial Group being open. It’s easy to say that it was a month of celebration! Listen in as they reflect on a decade of marriage and over 11 years in business.
 
Here are some key takeaways from this episode:
Embracing Risk: Ben and Kaitlin share how the early days of starting their business were marked by taking risks and believing in their vision, despite uncertainties.
Building a Supportive Team: Kaitlin and Ben discuss how adding team members has been a significant step for their business. Each team member's dedication and passion contribute to a collaborative and supportive work environment.
Continuous Learning: Ben emphasizes the importance of staying curious and consistently advancing one's knowledge in the financial industry to provide the best service to clients.
Celebrating Milestones: Over the years, BA Schrock Financial Group has celebrated achievements like becoming an RIA, surpassing $100 million in assets under management, and renovating their office space.
Balancing Family and Business: Ben and Kaitlin discuss the rewards of working together as a married couple. They find inspiration in their clients' successes and use their experiences to keep pushing forward, even on tough days
 
 For more, visit us online: https://baschrock-fg.com/

Your TD Ameritrade – Charles Schwab Transition Questions Answered

In today’s episode, we’re diving into the impending transition from TD Ameritrade to Charles Schwab and what it means for our clients. As the big announcement of the acquisition/merger can feel overwhelming, we are here to provide clarity, answer your questions, and provide guidance on what to anticipate.
 
Here’s some of what you’ll learn in this episode:
Despite the change in custodian from TD Ameritrade to Charles Schwab, clients will still maintain their relationship with their financial advisors, and the management of portfolios will continue as before.
The transfer of assets from TD Ameritrade to Charles Schwab will occur automatically over the Labor Day weekend. Clients do not need to take any action for this transfer to happen.
Clients will have access to their new Schwab accounts starting from September 5th. During this period, there may be a brief disruption in account access and some statements could show zero balances, but this is part of the transition process.
Clients will access their accounts through Schwab Alliance and are encouraged to set up their new login credentials for this platform. We are happily available to address questions and concerns throughout this transition!
 
For questions or assistance with this transition, reach out to us at 330-473-1060
 For more, visit us online: https://baschrock-fg.com/

Chatting with Realtor Amanda Ondrey: The State Of The Real Estate Market (Part 2)

Today, we have Amanda Ondrey from M.C. Real Estate joining us once again. In our previous segment, we delved into Amanda's real estate career and her journey as a business owner. In this episode, Amanda talks with us about the current real estate market and addresses some common concerns and questions about buying and selling in this environment. 
 
Here’s some of what you’ll learn in this episode:
Is this another 2008? + The emotional impact of this real estate environment on buyers. (1:21)
Does Amanda foresee a slowdown in the real estate market? (6:43)
Amanda’s involvement with investors + Chatting about 1031 exchanges and commercial investments. (12:42)
Amanda’s thoughts on the future of the real estate market. (17:32)
 
Learn more about Amanda: 
https://www.amandaondrey.com/
Direct: 330.802.9618Office: 330.723.9911amandaondrey@mcrealestateohio.com
Amanda on Linkedin
https://www.linkedin.com/in/wadsworthrealtor/
 
 For more, visit us online: https://baschrock-fg.com/
 
 

Chatting with Realtor Amanda Ondrey: Building An All-Female Team (Part 1)

Today we have the pleasure of sitting down with Amanda Ondrey of M.C. Real Estate. In part one of this two-part episode, Amanda, renowned for her all-female team, shares her real estate journey with us- from being mentored herself and surviving the 2008 market crash to establishing herself as a successful realtor. She also shares invaluable insights about her business operations, the importance of building relationships with clients, and her approach to balancing work and personal life. 
 
Here’s some of what you’ll learn in this episode:
Amanda discusses her background, her mentorship with an experienced realtor, and her transition to running her own business. (1:17)
Amanda’s decision to partner with a local broker, her team’s high retention rate and her decision to build an all-women team. (5:59)
Finding work-life balance in the world of real estate. (14:26)
Amanda’s advice for those looking to get into the business. (16:38)
 
Learn more about Amanda: 
https://www.amandaondrey.com/
Direct: 330.802.9618Office: 330.723.9911amandaondrey@mcrealestateohio.com
Amanda on Linkedin
https://www.linkedin.com/in/wadsworthrealtor/
 
 For more, visit us online: https://baschrock-fg.com/
 

Ep 110: Estate Planning, Business Ownership And Beyond with Joel Cavanaugh (Part 2)

We are back with Joel Cavanaugh, partner at Hanna Rasnick Evanchan Palmisano Hobson & Fox LLC, for this episode. Joel handles a wide array of cases in estate planning and has a wealth of knowledge to share with us today. In part one of this two-part episode, we got to know more about Joel and talked about the ins and outs of running a business. In part two, Joel will answer your estate planning questions.  
 
Here’s some of what you’ll learn in this episode:
The importance of having a will, a financial power of attorney, and a medical power of attorney.  (1:19)
Joel breaks down the differences between a financial power of attorney and medical power of attorney. (5:28)
Do I need a trust? (11:38)
The differences between a revocable and irrevocable trust. (17:34)
The importance of having an estate plan. (23:44)
 
Learn more about Joel: https://www.businessandconstructionattorneys.com/attorney/joel-d-cavanaugh/)
For more, visit us online: https://baschrock-fg.com/
 

Ep 109: Estate Planning, Business Ownership And Beyond with Joel Cavanaugh (Part 1)

Today we are glad to welcome Joel Cavanaugh to the podcast. Joel is a partner at Hanna Rasnick Evanchan Palmisano Hobson & Fox LLC and handles a wide array of cases in estate planning. In this two-part episode, Joel will discuss his journey as an attorney and business owner and will answer your questions about estate planning.
 
Here’s some of what you’ll learn in this episode:
Joel shares how he became an attorney and what led him to own his own business.  (1:12)
Owning a business is a balancing act.  (6:55)
Joel shares how he balances being an attorney, father, and husband by being intentional with his time. (10:47)
“When you own a business, you are the business.” Joel reflects on what it’s really like to run a business. (12:33)
 
Learn more about Joel: https://www.businessandconstructionattorneys.com/attorney/joel-d-cavanaugh/)
For more, visit us online: https://baschrock-fg.com/