9 episodes

Welcome to Your Financial Compass Podcast with Scott Vlahon, presented by the Bulman Wealth Group. These shows are designed to provide information to both pre and post retirees so you can make well informed decisions about your financial future. Throughout the episodes, you'll learn how our Financial Compass process goes beyond traditional holistic financial planning; we care as much about you and your lifestyle as we do about your plan. At the Bulman Wealth Group we want to help you define what matters most and inspire you to go and do it. Your host is Bulman Wealth Group financial advisor, Scott Vlahon, who for more than a decade, has assisted his clients by providing financial leadership. Learn more by visiting https://bulmanwealth.com or by calling 916-458-8199.

Your Financial Compass with Scott Vlahon Scott Vlahon

    • Business
    • 5.0 • 3 Ratings

Welcome to Your Financial Compass Podcast with Scott Vlahon, presented by the Bulman Wealth Group. These shows are designed to provide information to both pre and post retirees so you can make well informed decisions about your financial future. Throughout the episodes, you'll learn how our Financial Compass process goes beyond traditional holistic financial planning; we care as much about you and your lifestyle as we do about your plan. At the Bulman Wealth Group we want to help you define what matters most and inspire you to go and do it. Your host is Bulman Wealth Group financial advisor, Scott Vlahon, who for more than a decade, has assisted his clients by providing financial leadership. Learn more by visiting https://bulmanwealth.com or by calling 916-458-8199.

    Ep 9: SECURE Act 2.0 – Retirement Changes You Need to Know

    Ep 9: SECURE Act 2.0 – Retirement Changes You Need to Know

    Scott will provide an overview for you in this episode by walking through some of the finer points of the SECURE Act 2.0. Plus, we’ll also spend a few minutes talking about the inflation adjustments to retirement plans that are coming and how much more you’ll be able to contribute. 

    Here is some of what you will learn in this episode:
    ·      The RMD age pushed back again from 72 to 73. (3:14)
    ·      The penalty for missing an RMD withdrawal has been reduced. (5:50)
    ·      People in their early 60s will have another chance to increase catch-up contributions.  (7:33) 
    ·      People paying off student loans might have the opportunity to receive their company 401(k) match. (10:18)
    ·      Inflation adjustments are being made in retirement accounts.  (12:37)



    WAYS TO CONNECT:

    Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.

    You can also reach the team by phone at (916) 458-8199.

    And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0

    • 17 min
    Ep 8: Pulling the Positives from a Negative Economy

    Ep 8: Pulling the Positives from a Negative Economy

    It’s not news that the economy has been quite turbulent over the past year and there’s been plenty of negativity to sift through as an investor. We can’t ignore those negative elements but we want to turn that around today and focus on the positive side of the current market conditions. 
    We’ll do that on this episode by breaking it into three parts: 
    ·      Update on inflation and the monetary policy
    ·      Are we in a recession yet and what that looks like
    ·      Planning now can help you live your life
    Hopefully this episode will provide a little more clarity into what we’re facing right now and the steps you can take to get ahead of a possible recession in 2023.


    Here is some of what you will learn in this episode: 
    ·      The updated figures on inflation that’s led to this downturn.  (3:14)
    ·      What’s next for inflation and what other actions will the Fed take? (6:26)
    ·      Are we in a recession? (9:50)        
    ·      What actions can we take right now to prepare for a recession and best position ourselves? (15:25)
    ·      Why you need to be assessing whether you should be changing the framework of your investments? (21:00)


    Resources referenced on this show: 
    https://www.cnbc.com/2022/11/14/fed-vice-chair-brainard-says-it-may-soon-be-appropriate-to-move- to-slower-pace-of-rate-hikes.html 
    https://www.naahq.org/november-2022-inflation-tracker 



    WAYS TO CONNECT:

    Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.

    You can also reach the team by phone at (916) 458-8199.

    And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0

    • 28 min
    Ep 7: What Exactly is a Trust?

    Ep 7: What Exactly is a Trust?

    Today we want to spend some time really delving into what a trust is and why someone would choose this over a will. To help us with this topic, we’ve invited Mike Bennett of MCB Estate Planning to the show. He’s one of our estate planning partners who has more than two decades of experience and understands the ins and outs of a well-constructed estate plan. 

     Here is some of what you will learn in this episode:
    ·      The main differences between a will and a trust. (2:48)
    ·      What probate is and why you’d want to avoid this for your estate.  (4:02)
    ·      What makes people hesitant to get their estate plan finished?  (6:45)  
    ·      Some of the common scenarios where a trust can benefit someone.   (9:49)
    ·      Why you should be reviewing your trust every three to five years. (17:29)
    ·      How does moving out of state impact a trust that you already set up? (21:10)
    ·      The situations where a trust might not be necessary for you. (22:57)



    WAYS TO CONNECT:

    Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.

    You can also reach the team by phone at (916) 458-8199.

    And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0

    • 27 min
    Ep 6: What to Know About Required Minimum Distributions (RMDs)

    Ep 6: What to Know About Required Minimum Distributions (RMDs)

    As the end of the year approaches, people start taking a closer look at those tasks that need to be finished before the calendar changes. One that always comes up around this time is Required Minimum Distributions (RMDs).

    Since we get questions on RMDs quite a bit, let’s dive in a little deeper on what you need to know. What do these actually mean? Who does it apply to? How might it change in the coming years? We’ll answer those questions and more on this episode.

    Here is some of what you will learn in this episode:
    ·      What is an RMD? (2:21)
    ·      How do you determine how much needs to be taken out?  (6:36)
    ·      The penalty you face if you forget to take your RMDs. (9:23)      
    ·      What would the SECURE Act 2.0 change about RMDs? (12:28)

    RMD references - https://www.investopedia.com/terms/r/requiredminimumdistribution.asp


    WAYS TO CONNECT:

    Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.

    You can also reach the team by phone at (916) 458-8199.

    And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0

    • 17 min
    Ep 5: Annuities 101 - Everything You Need to Know

    Ep 5: Annuities 101 - Everything You Need to Know

    Since annuities are one of the more polarizing financial products out there, let’s take a step back and look at what annuities do and what options are out there. Then we’ll evaluate the pros and cons so you can start forming your own opinion. 
    Here is some of what you will learn in this episode:
    ·      The different types of annuities and how they work. (3:37)
    ·      The cons of fixed annuities. (9:33)
    ·      The cons of variable annuities. (14:47)   
    ·      The pros of annuities. (17:44)
    ·      The important jargon you need to know with annuities. (23:59)


    Additional Annuity Resources:

    https://www.investopedia.com/terms/a/annuity.asp

    https://www.investor.gov/introduction-investing/investing-basics/investment-products/insurance-products/annuities
    WAYS TO CONNECT:

    Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.

    You can also reach the team by phone at (916) 458-8199.

    And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0

    • 31 min
    Ep 4: Navigating a Potential Recession

    Ep 4: Navigating a Potential Recession

    Today we want to approach the conversation of navigating a recession from a few specific angles. First, how did we get here and what’s causing it? Then we’ll look at some of the past recessions and see what we can learn from that experience. And finally, what are some of the practical things we can do to reduce our risk during a recession?
    By the end of this conversation, hopefully you will have learned something about recessions and picked up an action item to apply to your financial plan. 
    Here is some of what you will learn in this episode:
    ·      How did we get here and what factors have led us to a recession?  (2:41)
    ·      The strength of the dollar and the issues it causes around the world.  (6:04)
    ·      What can we learn from past recessions? (11:52)
    ·      What can you do now to prepare for a recession? (17:33) 
    ·      Now is the time to assess the risk in your portfolio and make any necessary adjustments. (21:01)



    WAYS TO CONNECT:

    Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.

    You can also reach the team by phone at (916) 458-8199.

    And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0

    • 27 min

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