Unlocking Your Financial Future

Ep 84: Preparing Financially for the Future with Offensive Guard Brian Winters – Part 2

Today we are continuing our conversation with NFL offensive guard Brian Winters on entrepreneurship and preparing financially for the future. We’ll explore Brian’s plans for when he retires from the NFL and his goal of building a real estate business.  
 
What we discuss on this episode: 
0:29 – Life after football
1:57 – Getting into real estate
2:38 – Did someone influence him?
4:15 – Growing a business
5:44 – Being patient
6:58 – Passive income
8:17 – Taking risk
9:32 – Lifestyle or growth
10:51 – Has this always been a dream?
12:41 – Where does he want to start?
13:49 – 55+ community
14:51 – Diversifying in real estate
17:43 – Scaling his business
20:46 – Difficult parts
21:54 – Air BnB investments
23:33 – Market crash
25:00 – Rising interest rates
26:02 – Setting metrics
27:21 – Other business ventures
28:27 – Advice to others
29:34 – Success and failure
   
Read More: https://www.baschrock-fg.com/podcast/

Ep 83: Saving Habits with Offensive Guard, Brian Winters – Part 1

NFL offensive guard, Brian Winters, joins us to discuss saving habits, investment management, and football! What kind of financial mindset does Brian have and how can it help you save for retirement?
 
What we discuss on this episode: 
0:56 – Background on Brian
1:39 – Realizing he could be in the NFL
3:19 – Starting 110 games
5:00 – Become a financial saver
6:54 – Financial support  
7:54 – Learning about taxes
9:07 - Complex tax filing
10:16 – Property taxes
11:17 – Paycheck structure
12:06 – Awareness in the NFL
14:01 – Benefit plans in the NFL
16:24 – Developing a money mindset
17:45 – Protecting the athlete
20:03 – Favorite college stadium
22:06 – Investing management
25:41 – Ease of investing now
26:58 – Favorite stock out there
27:17 – Trust the process
   
Read More: https://www.baschrock-fg.com/podcast/

Ep 82: Protecting Yourself Against Fraud

How do you protect yourself and your finances against the various different forms of fraud out there? On today’s show, we’ll discuss different types of scams and what you should be doing to keep yourself safe.
 
What we discuss on this episode: 
0:38 – Umbrella of Fraud
1:54 – Fraud with a client
3:14 – Protecting our clients
4:41 – Ben’s story about fraud
7:24 – Careful about emails
8:38 – Scams through the phone
10:02 – Seems too good to be true?
12:12 – Do they make promises?
13:14 – Using a preventive tool   
 
Read More: https://www.baschrock-fg.com/podcast/

Ep 81: Managing Required Minimum Distributions

Do you have a strategy for required minimum distributions once you turn age 72? On today’s episode, we’ll discuss RMDs and how you should approach them in your retirement plan.
 
What we discuss on this episode: 
1:05 – What is an RMD?
1:59 – Changes to RMDs
3:01 – Advantages to changes
4:03 – Alleviate tax burden  
4:28 – Tax-saving strategies
5:53 – Balancing your accounts
6:39 – Asset allocations for RMDs
8:11 – Managing your distributions
9:20 – Planning accordingly
11:03 – Additional income tax
 
Read More: https://www.baschrock-fg.com/podcast/

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