Unlocking Your Financial Future

Ep 69: How you can incorporate 403(b)s into your retirement plan. [Teacher Edition]

Ben Schrock and Dan Oaklief from B.A. Schrock Financial Group talk about incorporating 403(b)s into your retirement plans in episode 69 of The Unlocking Your Financial Future Podcast. 
In this episode, Ben and Dan discuss: 
Why most teachers don’t know that they have the option of a 403(b).
The different options you have to use 403(b)s.
How you can enroll in a 403(b). 
Why you might want to use a 403(b) and why you might want to avoid it.
And more...

Ep 68: How Teachers Can Optimize Their 403(b)s

Ben Schrock and Dan Oaklief from B.A. Schrock Financial Group talk about 403(b)s in episode 68 of The Unlocking Your Financial Future Podcast. 
In this episode, Ben and Dan discuss: 
How Dan walked a client through the changes in the pension system and made it possible for her to be able to retire on time.
Why 403(b)s are becoming more important.
Why 403(b)s are overlooked and why you might want to consider them.  
The changes made in the pension system that made 403(b)s more attractive in Ohio.
And more...

Ep 67: Breaking Down The State Pension Planning Process [Teacher Edition]

Ben Schrock and Dan Oaklief from B.A. Schrock Financial Group talk about State Pensions in episode 67 of The Unlocking Your Financial Future Podcast. 
In this episode, Ben and Dan discuss: 
Why you should be careful when electing your pension.
Common misconceptions around pensions. 
The different options for pensions and what might make sense depending on your position.
And more...

Ep 66: Are you aware of the newly proposed changes to Social Security

Ben and Kaitlin from the B.A. Schrock Financial Group talk about Social Security in episode 65 of The Unlocking Your Financial Future Podcast. 
In this episode, Ben and Kaitlin discuss: 
The “elephant in the room”, will Social Security run out?
Recent changes to Social Security
The potential future changes to Social Security and how they might affect your retirement 
And more...

Ep 65: Biden’s Proposed Changes to 401(k)s and How They Might Affect You

Ben and Kaitlin from the B.A. Schrock Financial Group talk about Biden’s proposed changes to 401(k)s in episode 65 of The Unlocking Your Financial Future Podcast.
In this episode, Ben and Kaitlin discuss: 
The difference between tax deductions and tax credits
Biden’s proposed tax credit
How this might change your tax minimization strategies
And more...

Ep 64: Do You Know What These Financial Buzzwords Mean?

It’s time to test your financial buzzwords knowledge. You’ve probably heard a lot of this jargon at some point, but do you know what it actually means? Let’s try to provide some clarity on this episode.  
 
Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-64-do-you-know-what-these-financial-buzzwords-mean/ 
 
What we discuss on this episode: 
2:02 – The inverted yield curve
4:59 – Earnings guidance
6:51 – Core CPI
8:39 – Stop loss
10:31 – Mailbag: Roth conversion with a high income?
11:36 – Mailbag: Thoughts about annuities and hedge funds

Ep 63: Are You Prepared for Retirement? Take This Quiz

On this episode of Unlocking Your Financial Future with Ben Schrock, we’ll share five important questions you need to know to prepare for retirement. Let’s see how well you know your finances. 
 
Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-63-are-you-prepared-for-retirement-take-this-quiz/ 
 
What we discuss on this show:
2:37 – Do you know how much you actually have?
4:08 – Do you know how much you’re spending?
5:33 – Do you know how much risk you actually have?
7:23 – Do you know what you’re paying in fees?
8:37 – Do you know what your retirement income stream will actually look like?
10:08 – Using a financial advisor

Ep 62: In the Financial World, the Customer Isn’t Always Right

You know the saying, “The customer is always right.” Well, that’s not always the case in the financial world. On this episode of Unlocking Your Financial Future, we explain why you should rely on your advisor’s expertise.
 
Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-62-in-the-financial-world-the-customer-isnt-always-right/ 
 
What we discuss on this show: 
1:26 – Headline: Lawmakers propose 3% Social Security COLA
4:23 – Now is the time to get in or out of the market
5:57 – This is what I want to invest in. I want you to pick the exact funds.
6:53 – I don't need a will, life insurance, long-term care insurance, etc.
8:37 – Feelings about fees
9:53 – I don’t know if this plan is going to work