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.
Most people are likely to pass at least some money on to their family, children, or charity through an inheritance. On today’s episode, we’ll explore the role legacy planning plays in your overall retirement plan and some of the most common routes people use when passing money on to their beneficiaries.
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What we discuss on this episode:Â
1:02 – Taking care of yourself versus leaving a legacy
3:01 – Is it ever advisable to not leave an inheritance?
4:13 – What’s the best way to pass money on?
6:48 – Having these tough conversations
8:54 – Brokerage and other taxed accounts
11:15 – Some accounts have better tax outcomes
11:53 – Real estate and life insurance options
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Read More: https://www.baschrock-fg.com/podcast/
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Episode Show Notes
Ep 79: Financial Resolutions for 2022 – Part 1
As we ring in the new year, it’s a great time to organize your finances and set some financial resolutions and goals for 2022. On today’s episode, we’ll be discussing retirement contributions, paying off debt, student loans, and more.
Ep 78: Potential Tax Reforms Part 2
What changes are being proposed in Congress when it comes to lifetime exemptions and the step-up in cost basis? While many of these changes are not set in stone, we want to keep you updated and prepared.
Ep 77: Potential Tax Reforms Part 1
You’ve probably heard a lot about tax reforms recently. How will these proposed changes im-pact your portfolio? What can you do to protect yourself?
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.
Ep 59: Frequently Asked Questions About 401Ks
On this episode of Unlocking Your Financial Future, we answer some frequently asked questions about 401Ks.
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?
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.
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.
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.
Ep 54: Five Outdated Financial Strategies
Just like technologies change and become outdated, so do some retirement planning strategies. Let’s look at five financial strategies that have become obsolete.
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