Loading...
OUR PODCAST2019-11-14T09:44:15-05:00

Welcome To Our Podcast

Unlocking Your Financial Future
Unlocking Your Financial Future
Weekly financial and retirement guidance with Ben Schrock of BA Schrock Financial Group in Wadsworth, Ohio. Also serving the Cleveland and Akron areas. This podcast will help you learn important financial concepts that allow you to retire with confidence.
Ep 23: Mailbag Time! Life Insurance, Company Stock, & Retiring Early
by Ben Schrock

It’s another mailbag edition of the show and we’re covering five different topics that you’ve been asking about. From company stock to old life insurance policies to hitting seven figures in your portfolio, it’s a wide range of retirement conversations but we’re hitting them all today.

Show notes and additional resources:https://www.baschrock-fg.com/podcast/ep-23-mailbag-time-life-insurance-company-stock-retiring-early/

Today's rundown:

1:32 – Talking with clients and listeners allows you to get a feel for what’s on everyone’s mind regarding planning.

2:18 – Question #1: I can sell my house for $500,000 and I only owe about $100,000. I’m only 57 but I’m thinking about selling it now, buying a smaller place, and using the cash to retire now. Is that a bad idea?

2:43 – Each state has different tax laws so that’s important to consider.

3:15 – How are you planning to invest that money?

3:55 – We talk with a lot of clients that are considering a similar move.

5:11 – Question #2: Unless my entire board of directors gets in trouble, I feel really confident about our future potential and growth. How much is too much company stock to own in my 401k?

7:02 – Even great companies can take a steep drop as we’ve seen in the past.

7:22 – Question #3: I’d really like to meet with a financial advisor but my husband wants to handle investments ourselves. Is that okay to do without help?

8:24 – Do you see many couples that come with completely different opinions on using an advisor?

9:41 – Question #4: I have about $50,000 in an old life insurance policy. I don’t need it anymore so should I cash out and invest it elsewhere?

11:41 – Question #5: I always told myself that once I hit one million dollars in my portfolio I’d move it all to cash. Now that I’m there, I think I can get to $1.2 million. What do you think?

13:29 – Where does that million dollar number come from? Is that more than enough for your retirement?

Weekly financial and retirement guidance with Ben Schrock of BA Schrock Financial Group in Wadsworth, Ohio. This podcast will help you learn important financial concepts that allow you to retire with confidence.

Subscribe On Your Favorite App

Episode Show Notes

Ep 3: You’ll Be in a Lower Tax Bracket When You Retire – Busting Financial Myths, Part 3

Now we move to part three of a five-part series about financial myths and this episode focuses on taxes. Once we finish working, it’s easy to assume that our taxes will drop because we’ll move into a lower tax bracket. Well, that’s not the case. Find out why your taxes might increase and what strategies you can use to offset that.

September 19th, 2019|Tags: , , , , , |

Ep 2: Will You Need Less Income When You Retire – Busting Financial Myths, Part 2

Today it’s part two of a five-part series about financial myths and this episode focuses on an important one. The common belief in retirement is that you’ll need less income than you did while you were working. While we all hope this is true, basing your plan off this idea can put you in a difficult situation down the road.

September 12th, 2019|Tags: , , , |

Ep 1: Do You Need Life Insurance After Retiring – Busting Financial Myths, Part 1

We kick off our five-part series about financial myths with a product that Ben has worked with in his career: life insurance. Many people feel life insurance isn’t needed after retirement, but that’s not the case. We’ll explain life insurance options, why it can be needed after retiring, and how it can become an income source.

August 31st, 2019|Tags: , , , , |
Load More Posts

The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by BA Schrock Wealth Management. The use of logos and/or trademarks of podcast hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.

QUESTIONS ABOUT OUR PODCAST?

Did you learn something new from our podcast that you would like to discuss? Give us a call at 330-473-1060

ASK US A QUESTION

CONTACT US
Phone: 330-473-1060
Fax: 330-334-0808
Email: info@baschrock-fg.com

OUR LOCATION
102 Main Street
Suite 205
Wadsworth, OH 44281
Get Directions

OFFICE HOURS
Monday – Friday
8 a.m. – 5 p.m.

We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.
Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and BA Schrock Wealth Management are not affiliated companies.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.
The purpose of this website is to provide general information on the subjects discussed, it is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individuals situation. Our firm does not provide tax or legal advice, all individuals are encouraged to seek guidance from qualified professionals regarding their personal situation.
Any references to protection benefits or steady and reliable income streams on this website refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured.
211975
Privacy Policy | Terms of Use