Unlocking Your Financial Future

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…

Ep 72: Life Changes Part 3 - Stepping into Retirement

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 Unlocking Your Financial Future podcast, Ben Schrock and Colleen LeMasters from B.A. Schrock Financial Group goes over what they think are some of the most important topics to keep top of mind as you get ready to retire and then they walk you through how they helped a client through a retirement that had a lot of financial curveballs.

Ep 71: Life Changes Part 2 - What you should be thinking about when changing jobs

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 episode of Unlocking Your Financial Future podcast, Ben Schrock and Colleen LeMasters from B.A. Schrock Financial Group talk about what some of those financial considerations are and walk you through how they helped a client navigate this very situation.