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Retirement planning can often feel like navigating a complex maze. With so many factors to consider, it's easy to feel overwhelmed. In this week’s show, we’ll try to simplify things by highlighting five key areas that make up a comprehensive financial plan.

Here’s some of what we discuss in this episode:

• The importance of building a relationship with your financial planner.
• Why we feel the retirement income plan might be the most important aspect of planning.
• What we discuss when it comes to legacy planning.
• Different investment plans for those with varying comforts with risk.
• By engaging in savvy tax planning, you might be able to create greater retirement savings.
• How high earners are phased out of Roth IRAs, and a look at Roth 401(k)s.

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.

Send us a Text Message.

In this week’s show, we want to spend some time on an often daunting topic: market downturns. With over 20 years of experience in comprehensive financial planning, our team can offer invaluable advice on how to manage your investments and emotions during volatile times.

Over the course of this episode, we’ll covers investment strategies, the role of financial advisors, and the significance of regular communication with clients. Market downturns are inevitable, and even the most seasoned investors can't predict when they will occur. This unpredictability makes it crucial to have a robust financial plan in place.

Tune in for actionable insights and real-life examples to help you stay the course during financial uncertainties.

Here’s some of what we discuss in this episode:

• Are we headed towards a recession like many people are predicting?
• The role emotions play in investing.
• Our approach to communicating with clients during a down market.
• Having a plan for how you distribute your money in retirement.
• What actions can you take during a down market?

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.

Send us a Text Message.

Before another tax season approaches, we want you to be in the best position now and in retirement. That means tax planning needs to be a focus as a part of your overall financial plan.

In this week’s show, we will provide essential tips and strategies for preparing and filing taxes, understanding tax brackets, and making the most of deductions. We’ll also discuss the benefits of Roth conversions, charitable giving, and how to work effectively with CPAs to optimize your financial health.

Here’s some of what we discuss in this episode:

• Some of the basic things you need to know about taxes as you prepare to file this year.
• Should you work with a CPA on your taxes?
• Ways that you might be able to save on taxes now.
• Reasons you might want to do a Roth conversion and the reasons why you might not.
• Things you should know about taxes if you’re self-employed.

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.

Send us a Text Message.

Coming up on this week’s show, we turn our focus to some key retirement discussions we have with clients when we’re helping them build a plan. Join us as we break down the three types of retirement you might have, the most common pitfalls people fall into in retirement, and the truth about annuities.

Here’s some of what we discuss in this episode:

• Defining what it means to be underfunded, overfunded, or constrained.
• The tax issues that get created when you become overfunded.
• Some of the pitfalls of retirement planning.
• The area where people need help and education the most.
• The good, bad and ugly of annuities.

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.

Send us a Text Message.

Many of the questions we get from clients deal with the stock market and the economy. There’s plenty of uncertainty around inflation and interest rates so let’s do our best to give you the reality of what’s happening this year. This show dives into the intricacies of the stock market, the role of the Federal Reserve, and the potential impacts of commercial real estate on the economy.

Here’s some of what we discuss in this episode:

• The reality of what’s happening in the stock market this year.
• The different sectors of the S&P 500.
• What is the Magnificent Seven as it relates to the S&P 500?
• Is your portfolio appropriate for your stage of life in retirement?
• What you need to know about the Fed and inflation.
• A recent Vanguard study had some interesting facts about using a financial advisor.

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.

Send us a Text Message.

Planning for retirement can feel like navigating through a maze of uncertainty, but with the right guidance, you can find your way to a secure and fulfilling future. This episode of the show will focus on some key areas with proper insight from our Bulman Wealth team.

Discover the intricacies of Social Security, the nuances of safe investing, and the importance of a comprehensive financial plan tailored to the modern retiree. Whether you're approaching retirement or seeking to safeguard your financial future, join us for an insightful journey into income planning, investment strategies, and the tools to navigate today's economic landscape.

Here’s some of what we discuss in this episode:

• What you need to know about Social Security for 2024.
• The ways that people are losing money by being too safe.
• How diversification is a lot like Thanksgiving dinner.
• Options for investments that fall into the safety bucket.
• Why would you want to work with a smaller firm over a big national firm.
• The ways retirement planning has changed and how we help people overcome these obstacles.

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.

Send us a Text Message.

When it comes to retirement planning, timing is everything. Each milestone birthday can have significant implications for your financial future. Today we’ll lay out the importance of planning around key ages.

Each of these milestone birthdays could require extra attention. For example, turning 50 opens the door to catch-up contributions, allowing you to boost your retirement savings. As you enter your sixties, decisions about Social Security become paramount, with options to claim benefits as early as 62 or delay for increased payouts at 70.

But the conversation doesn't stop there. We’ll tackle the controversial topic of annuities. Despite the mixed reputation, annuities have seen record-breaking sales, and we’ll break down the factors contributing to this trend and discuss how annuities can play a role in a diversified retirement portfolio. Plus we’ll cover the less-discussed, yet crucial topic of Required Minimum Distributions (RMDs) starting at age 73. Understanding RMDs is vital to avoid unexpected tax burdens and to efficiently manage your retirement accounts.

Whether you're looking to bridge the gap to Medicare or maximize your retirement income, this episode will help you chart a course to a secure and fulfilling retirement.

Here’s some of what we discuss in this episode:

• What you need to know about catch-up contributions
• When to use a rollover IRA and the tax considerations you’ll need to make.
• How much do you need to retire?
• Strategies for Social Security and healthcare planning.
• Pros and cons of annuities and ways to utilize the product.

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.

Send us a Text Message.

If you've ever felt lost in the maze of retirement planning, you're not alone. The road to a secure financial future can be fraught with confusion and complex decisions. But fear not, this show will serve as your guide through the twists and turns of preparing for the next chapter of life.

In this episode, we’re going to provide a detailed look into the financial and retirement planning process we go through at Bulman Wealth. We’ll break down the core areas that every person needs to focus on, from income planning to investment planning to legacy planning and more. It's not just about growing your assets; it's about creating a sustainable plan that will carry you through retirement and beyond.

Here’s some of what we discuss in this episode:

• Background on Bulman Wealth and the focus we place on financial and retirement planning.
• The importance of income planning.
• The legacy planning piece of the puzzle and how we approach that.
• The ongoing nature of retirement plans because life changes.
• Investment planning, risk tolerance, and how we design a portfolio with your goals in mind.

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.