B.A. Schrock Financial Group

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 […]

Quick Tips for Filing Your Taxes This Season

Quick Tips for Filing Your Taxes This Season BA Schrock Financial Group

Tax season is fast approaching, so you may find yourself with some important tax questions. This article will cover some of the pitfalls of this process to make sure that you get the most out of your taxes this year. Common Tax Filing Mistakes Tax Filing Mistake #1: Filing Too Early Don’t file too early! […]

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 […]

3 Strikes to Avoid When Tax Planning

3 Strikes to Avoid When Tax Planning BA Schrock

Taxes are among the most common concern for people in retirement. You might be wondering how to start thinking about your tax strategy so you aren’t taxed more than you need to be. These three mistakes can help start the conversation about what a comprehensive tax strategy might look like for you. Taking Too Much […]

Three Unexpected Taxes in Retirement

Three Unexpected Taxes in Retirement BA Schrock

When we think of major retirement expenses, we often consider housing, healthcare, and that trip of a lifetime we’ve been dreaming about for years. But, we often fail to consider what could potentially be our biggest expense – taxes. Many of your sources of income in retirement are taxable, so don’t overlook these three unexpected […]

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 […]

3 Important Tax Questions to Answer This Year

3 Important Tax Questions to Answer This Year BA Schrock

As we approach Tax Day, you may be gathering your important documents and preparing to file or file for an extension. Once you have everything sorted out, it’s important to consider how your tax situation could change as you near and enter retirement. Here are three important tax questions to answer this year. Why May […]

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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