B.A. Schrock Financial Group

Tax Planning for Generational Wealth: Strategies to Minimize Taxes and Preserve Assets

Use tax planning strategies to preserve your family’s generational wealth for years to come

When you’ve worked hard to grow your family’s wealth, it’s important to put measures in place to preserve your assets and further their reach to future generations. Preserving generational wealth is about more than just passing down financial assets, though. It’s about ensuring a lasting legacy that benefits your family for years to come. One […]

Retirement Contributions and Tax Planning: Strategies to Reduce Your Tax Burden

Get intentional about your retirement tax planning with practical insights and professional guidance

When it comes to managing your finances, it’s easy to get caught up in the day-to-day money management of your household. However, it’s important to keep an eye on the future because few things are as important as planning for your retirement. Not only does diligent retirement planning ensure a more comfortable future, but it […]

3 Tax Optimization Strategies to Remember for Retirement

3 Tax Optimization Strategies to Remember for Retirement BA Schrock

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023. Tax Optimization for Retirement Strategy 1: Consider the Tax Structure of Your State and Locality Consider living in […]

Tax Tips for Married Couples

Tax Tips for Married Couples BA Schrock

Even as tax season winds down, it’s still important that you consider tax strategy as part of your financial picture. Many couples file jointly, and while it can sometimes help save on your taxes, it isn’t always the best option in each case! Here are some important factors to consider if you are filing taxes […]

Tips for Proper Tax Filing

4 Tips for Proper Tax Filing BA Schrock Financial Group

With the new year in full swing, tax season is just around the corner. Filing federal income taxes can be a long and complicated process, and mistakes are bound to happen here and there. As many of us know, these small mistakes can cost you big in tax returns and penalties. That’s why it never […]

Can You Turn Investment Losses Into Tax Gains?

Can You Turn Investment Losses Into Tax Gains? BA Schrock

When markets take a spill, especially when it comes to your retirement investments, it’s harder to find ways to meet your financial goals. If you were relying on IRA or 401(k) withdrawals to cover your expenses, doing so when markets are down would decrease the lifespan of your savings. And if you’re nearing retirement, market […]

Estimating Your Tax Burden in Retirement

Estimating Your Tax Burden in Retirement BA Schrock

Taxes could be one of your biggest expenses in retirement. But once you have an estimate for your tax burden in retirement, you can consider ways to minimize it. The first step towards creating a tax minimization strategy in retirement is looking at how your different sources of income will be taxed. Pensions If you […]

Be Prepared for 2022

Be Prepared for 2022 BA Schrock

A new year can bring about a new mindset and optimism, but it’s also important to have a plan to deal with the challenges we could face. We could see high inflation, a volatile market, and higher taxes, and it’s important to have a plan in place to address these concerns. Here are some ways […]

3 Things About Your Taxes That May Have Changed

3 Things About Your Taxes That May Have Changed BA Schrock Financial Group

Here come the holidays and everything that goes with them – traveling, cooking, buying gifts, and of course, spending time with the people we love. Even though it’s a busy time of year when finances can end up taking a back seat to decorating and wrapping presents, it’s important to take the time to review […]

What to Consider in Your Charitable Giving Plan

What to Consider in Your Charitable Giving Plan

Congratulations! You’ve decided to give to a charitable organization. Charitable giving is a wonderful way to help further causes you are passionate about and feel good while doing it.

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