Unlocking Your Financial Future

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

Ep 61: Election Update - What Does it Mean for Financial Planning?

No matter how you feel about the 2020 election, it’s best to stay calm when dealing with your financial future. On this episode of Unlocking Your Financial Future, we explain how to handle retirement planning after an election.   

 

Read more and get additional financial planning resources: https://www.baschrock-fg.com/podcast/ep-61-election-update-what-does-it-mean-for-financial-planning/ 

 

What we discuss on this show: 

1:37 – Questions from clients

2:55 – How the market has reacted

4:35 – Why the market has been strong

6:41 – Will the market stay solid in 2021?

8:05 – Tax implications

9:46 – Taxes will go up sooner or later

10:54 – Interest rates

12:12 – Planning opportunities

Ep 60: Mailbag - Answering Your Questions About Inheritance, Investing and Income

On this episode of Unlocking Your Financial Future, we answer your questions about inheritance, investing, income and much more.

 

Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-60-mailbag-answering-your-questions-about-inheritance-investing-and-income/ 

 

What we discuss on this show: 

2:39 – I’m worried my son will blow this inheritance

4:27 – I heard I can get half of my ex-husband’s Social Security benefit.

5:56 – Is my 401K income estimate accurate?

7:52 – Should I buy a car or invest this money?

9:34 – Is $250,000 enough for long-term care insurance?

10:54 – I’m worried about the market. Should I move it all to cash?

Ep 59: Frequently Asked Questions About 401Ks

Most people have a 401K or other retirement plan, but it’s not as simple as contributing money and collecting it when you retire. There are a lot of decisions you can make about investments, loans, rollovers and more. On this episode of Unlocking Your Financial Future, we answer some frequently asked questions about 401Ks.

 

Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-59-frequently-asked-questions-about-401ks/

 

What we discuss on this show: 

1:51 - Should I accept 401K advice from my company?

3:34 - Should I take out a 401K loan?

5:47 - Are 401K rollovers a good idea?

8:00 - Should I use target date funds?

10:40 - Should I take my company match or contribute more?

12:06 - Should I do a Roth 401K?

Ep 58: Baby Boomer Common Retirement Mistakes and Concerns

We’re talking specifically to Baby Boomers on this episode. What are the most common challenges, fears and goals of this generation? What are some of the mistakes Boomers often make and how can they be avoided?

 

Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-58-baby-boomer-common-retirement-mistakes-and-concerns/ 

 

What we discuss on this show: 

3:04 – Challenges of Baby Boomers

5:40 – How often do Baby Boomers have to worry about children living at home?

7:35 – Baby Boomers’ fears and concerns

9:00 – What mistakes do Baby Boomers make?

10:46 – Why don't Baby Boomers take buyouts?

Ep 57: Five Financial Commandments to Follow

On this episode, we share five commandments that should be written on stone tablets in your retirement plan.

 

Read more and get additional financial planning resources here: https://www.baschrock-fg.com/podcast/ep-57-five-financial-commandments-to-follow/ 

 

What we discuss on this show:

2:36 – Thou shall not compare your investments to the stock market without the proper context

5:13 – Thou shalt not give up before giving your strategy enough time to play out.

7:15 – Thou shalt not chase big returns too late in life.

9:08 – Thou shalt not ignore costs and fees.

10:37 – Thou shalt not overlook the importance of rebalancing and diversifying.

Ep 56: Is $8 Million the New Target for Retirement?

Is $8 million the new target for retirement? We found an article that points to that idea so we’ll share our thoughts about how this impacts planning on today’s podcast. 

 

Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-56-is-8-million-the-new-target-for-retirement/ 

 

What we discuss on this show: 

1:51 – Financial Samurai blog

3:22 – Where did the 4% rule come from?

4:47 – Will you need $8 million?

6:32 – Balancing your portfolio

9:05 – Other ways to supplement income

11:11 – Let’s look at some positives

13:16 – Mailbag: Will I spend more money in the first few years of retirement?

15:02 - Can I overcome a divorce financially in my late 50s?

Ep 55: Hindsight 20/20 - Five Common Financial Mistakes

Financial decisions are a lot easier with the benefit of hindsight. Here are some common mistakes people have made this year and how hindsight could have helped them in 2020.

 

Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-55-hindsight-20-20-five-common-financial-mistakes/ 

 

What we discuss on this show:

2:09 – Getting out of the market

5:20 – Not knowing your risk factor

8:39 – Not knowing your social security options

11:04 – Not putting money in a Roth IRA

12:28 – Retiring too early and going back to work

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