Your Financial Compass with Bulman Wealth Group Bulman Wealth Group

Retirement is a milestone many of us eagerly anticipate, but it also marks a significant change in how we manage our finances. Instead of a regular paycheck, we'll rely on various income streams. So, what income streams will you have in retirement? And how can you plan for this stage before you retire? In today's episode, we'll cover all of that and more.

Here’s some of what we discuss in this episode:
Strategizing your retirement accounts and Social Security togetherThe shift from pensions to defined contribution plans in the U.S.The differences between traditional and Roth 401(k)sUnderstanding required minimum distributions in retirement planningThe difference between tradition and Roth IRAs

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.

The 60/40 strategy, which involves investing 60% in stocks and 40% in bonds, has long been a go-to for risk-averse investors. But does this approach still hold its ground in today’s fast-paced market? Stay tuned as we explore the past, present, and future of this investment strategy and determine whether it’s still a cornerstone of wealth management or if it’s time to adapt to new realities.   


 Here’s some of what we discuss in this episode:
What is the 60/40 portfolio and what is its history?How have recent economic factors affected the effectiveness of the 60/40 strategy?What are the key considerations when rebalancing a portfolio, and what potential risks should investors be aware of?

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.

With the abundance of online advice and self-directed retirement accounts gaining popularity, many are left wondering if going solo is the right move for them. In times of economic stability, it's easy to overlook potential risks and losses, especially when every investment seems like a winner. However, as markets fluctuate and retirement regulations evolve, the DIY approach could come with more risks than expected.

Here’s some of what we discuss in this episode:
Can you keep your emotions out of the equation? Do you have the time to put in the research needed to reach you and your family’s goals?How are you protecting yourself from market downturns?As you approach retirement, it’s going to get more complicatedThe benefits of working with a financial professional + creating a plan that aligns with your goalsWAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.

Unfortunately, we’re still seeing the impact of record-high inflation in today’s market. As interest rates may not decline as rapidly as anticipated, retirees face the additional challenge of market volatility impacting withdrawals from IRAs, 401(k)s, Roth IRAs, and other brokerage accounts. So, what are some ways to combat this?
Join us as we share some practical tips for aiming to protect your retirement against inflation.
 
Here’s some of what we discuss in this episode:
The current economic landscape + Federal Reserve Chair’s perspective Increasing fixed-income securities in your portfolio + Diversifying income sourcesInvesting in inflation-protected securities or real estate Adjusting your withdrawal strategies + Exploring high-yield saving accounts

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.

There are a handful of important age milestones that you should be aware of in the retirement planning process. While some of them are more well-known, others can easily fly under the radar.  Stay tuned as we cover the important birthdays you need to pay attention to from catch-up contributions at age 50 to taking RMDs at age 73.


Here are the milestones we discuss in this episode:
Age 50: Catch-up contributions for IRAs and employer-sponsored accountsAge 55: Rule of 55 for penalty-free 401(k) withdrawals after leaving an employerAge 59.5: Elimination of early withdrawal penalties for qualified accounts + approaching Social Security ageAge 62: Earliest eligibility for Social Security benefitsAge 65: Eligibility for Medicare coverageAge 67: Full retirement age + baseline income expectationsAge 70: Potential for increased Social Security benefitsAge 73: Begin taking RMDs 

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.

If you’re a Gen Xer, born between 1965 and 1980, you might be starting to think about your transition into retirement. Moving into this new phase not only means imagining how your daily life will change but also having a clear understanding of your finances. Join us as we share some important things to consider as you approach this major milestone.


Here’s some of what we discuss in this episode:
Understanding and managing retirement accounts, such as IRAs and 401(k)s + the potential risks associated with neglecting them as retirement approachesSome options for optimizing retirement account holdings when nearing retirementThe importance of assessing your risk tolerance to ensure you’re aligned with your retirement goalsThe financial considerations and challenges faced by Generation X

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.