As Seen On

Understand What You Want

Nail Down How To Get There

Learn About Your Options

Organize Your Strategies Into A Plan

Collaborate On Adjustments

Keep The Plan Going

What does it mean to unlock your financial future?

A few years ago, we had a single individual come into our office, panicked that she would not be able to retire. A single mom who spent her life supporting her kids was still able to save in her 401k, but had no idea what to do next.

She mentioned that the last financial professional told her she had to work another 10 years before she could retire. This incredible women looked me in the eye and said “I can’t work another 10 years. Can you help me?”.

After a series of questions to understand what she wanted in retirement, and a review of your investments (including her 401k), it became clear where the disconnect came from. She was not bringing all of her resources together into one complete retirement plan.

I smiled and said, “If we roll your 401k over, and diversify your investments as such, you should be able to retire today. You’ll file for Social Security in 6 years. You will bridge the income gap with these investments. In the end, you don’t have to work another day in your life, unless you want to.”

Tears ran down her face. We sat in silence as the reality set in. She was financially independent for the first time in her life. 

Within a few weeks, we completed the unlocking process and put together a complete retirement plan built for her. She then transitioned out of her job and began living the retirement she had hoped for.

Often times, as we get closer to the age when most people retire, we can feel trapped. Stuck to our paycheck, we wonder if we will ever be able to make the leap.

Our experience has shown that when pre-retirees understand how to retire and nail down how to get there, their composure completely changes. Now, they cannot wait for that magical day.

At the core of retirement planning, you have to address income, taxes, and risk. That also includes your Social Security (income), estate planning (taxes), and asset class diversification (risk). Too many Americans seem to leave most of their assets at risk in retirement. When markets drop, they panic. 

There are a few key rules you must understand before you begin planning your retirement. The first is the rule of income. It suggests that you only draw income from accounts that go up. If you were to draw income from an account that was down, you would be accentuating those losses, making it more difficult to recover. What accounts you pick to pull from are up to you. Make sure that they are up year over year. 

The second rule suggests that risk is deliberate. That is to say, there is no perfect investment. What do you want in retirement? From there, you deliberately invest to fill those needs. A diversified portfolio of mutual funds is often not enough for a complete retirement plan.

When you plan with BA Schrock Financial Group, you plan to unlock your financial future. We work with you to help you with your transition from the workplace to the retirement you want. 

Minimize taxes now or pay more later

In retirement, you’re finally free to choose how you spend your time. Do you want to spend it studying the markets and the newest tax legislation?

That is why I wrote our “2021 Tax Guide”… to help you prepare for taxes in retirement. 

Within the Guide, you’ll discover: