Unlocking Your Financial Future

Ep 80: Financial Resolutions for 2022 – Part 2

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 an emergency fund 
6:14 – Investing in the market first
7:28 – Where to invest next 
8:31 – Looking outside employer accounts 
9:46 – Highlighting an end goal 
11:23 – Saving in 2022 
 
Read More: https://www.baschrock-fg.com/podcast/

Ep 79: Financial Resolutions for 2022 - Part 1

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 beginning of the year?
1:48 – Most common questions about new year planning
2:56 – Being over 50 and catch-up contributions
3:52 – Paying down debt before you retire
4:41 – Paying down debt vs. leveraging your savings
6:09 – Should you pull money out of your investments to pay off debt?
8:05 – What should we expect in 2022 with student loans?
9:38 – Should you have credit before you graduate?
10:13 – Things to be looking at in 2022
11:05 – What resources are there for student loan forgiveness?  
 
Visit our website: https://www.baschrock-fg.com/podcast/

Ep 78: Tax Potential Tax Reforms - Part 2

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 changes
13:20 – Learning about our options
 
Visit our website: https://www.baschrock-fg.com/podcast/

Ep 77: Potential Tax Reforms - Part 1

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 marketable securities
4:55 – Long term capital gains
8:05 – What are some strategies?
11:14 – Mutual funds and tax loss harvesting
14:33 – Capital gain taxes are likely to change

Ep 76: Life Insurance As A Financial Tool - Part 4

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 a tax-free income stream for a client.
And more…

Ep 75: Life Insurance As A Financial Tool - Part 3

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...

Ep 74: Life Insurance As A Financial Tool - Part 2

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 on your estate.
 Why you might not want to use Life Insurance for tax mitigation on your estate. 
Why the current laws make Life Insurance particularly powerful now.
And more...

Ep 73: Life Insurance As A Financial Tool - Part 1

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…