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Your Financial Compass with Bulman Wealth Group

Business & Economics Podcasts

Welcome to Your Financial Compass Podcast, presented by Bulman Wealth Group, a show dedicated to helping you successfully navigate to and through your retirement. 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. Your hosts are Bulman Wealth Group financial advisors who, for more than two decades, have provided financial leadership for those they serve. These shows are designed to provide information to both pre and post retirees so you can make well informed decisions about your financial future. Learn more by visiting https://bulmanwealth.com or by calling 916-458-8199.

Location:

United States

Description:

Welcome to Your Financial Compass Podcast, presented by Bulman Wealth Group, a show dedicated to helping you successfully navigate to and through your retirement. 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. Your hosts are Bulman Wealth Group financial advisors who, for more than two decades, have provided financial leadership for those they serve. These shows are designed to provide information to both pre and post retirees so you can make well informed decisions about your financial future. Learn more by visiting https://bulmanwealth.com or by calling 916-458-8199.

Language:

English


Episodes
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Your Unique Priorities Guide Your Retirement

7/18/2024
Everyone’s retirement situation is going to look a little bit different, with varying asset levels, types, concerns, and goals. In today’s episode, we’ll highlight some key considerations to keep in mind as you plan for your unique retirement. We hope this conversation shows that retirement planning isn't as simple as giving yourself a big paycheck- it’s about effectively using your resources to achieve the life you want! Here’s some of what we discuss in this episode: Check out our upcoming events and seminars https://bulmanwealth.com/general-events/ 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.

Duration:00:11:50

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What It's Like To Work With Bulman Wealth Group?

6/27/2024
Do you feel overwhelmed with financial planning and feel there are too many things to tackle? Are you not exactly sure where to get started? Today we will cover our process here at Bulman Wealth Group, guiding you through what it feels like to become a client with us. Here’s some of what we discuss in this episode: 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.

Duration:00:17:57

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Annuities 101

5/16/2024
Are annuities the right investment for your retirement? In today’s episode, we’re diving into the world of annuities to help you understand what they are, how they work, and whether they might be a good fit for your retirement strategy. Whether you're new to the concept or looking to deepen your understanding, this conversation should give you some important items to think about. Here’s some of what we discuss in this episode: 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.

Duration:00:12:58

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The Three Pillars of Retirement Income

4/24/2024
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: 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.

Duration:00:18:42

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The 60/40 Portfolio: Does It Hold Up Today?

4/11/2024
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: 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.

Duration:00:12:26

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DIY Retirement Plans: Are They Worth The Risk?

3/28/2024
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: 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.

Duration:00:15:31

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Aim To Protect Your Retirement Against Inflation

3/7/2024
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: 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.

Duration:00:13:29

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Important Age Milestones of Your Retirement Timeline

2/22/2024
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: 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.

Duration:00:17:26

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Navigating Retirement for Generation X: Strategies to Weather Market Storms and Secure Your Financial Future

2/1/2024
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: 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.

Duration:00:21:31

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Traditional Vs Roth Accounts: Which Is Right For You?

10/12/2023
Welcome back to Your Financial Compass! In today’s episode, we’re diving into the key distinctions between Traditional and Roth IRAs and 401(k)s. If you've ever wondered about the differences, pros, and cons, this episode is your guide to understanding these essential financial instruments. Here’s some of what we discuss in this episode: Resources for this episode Check out the CNBC article on 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.

Duration:00:20:18

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Meet Marcos Lemus: From Tech Enthusiast To Financial Advisor

9/7/2023
In today’s episode, we are excited to introduce you to a key member of the Bulman Wealth Group team- Marcos Lemus. Marcos has been with us for about 2 years now and has recently transitioned into a new role as a service advisor. He joins us today to share more about his background, his journey into finance from the education and technology sector, and his passion for problem-solving and life-long learning. Here are some key takeaways from this episode: 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.

Duration:00:15:36

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Can You Save Too Much For Retirement?

8/17/2023
We spend a lot of time talking about how to save enough for retirement, but is there such a thing as saving too much? Some experts say that retirees will need 70-80% of their pre-retirement income to sustain a comfortable lifestyle, but recent studies show that many retirees are spending significantly less than these benchmarks. Join us for a thought-provoking conversation on how spending habits can change as you age. We’ll talk about finding a balance between saving diligently for retirement and enjoying life’s experiences along the way. Here’s some of what you will learn in this episode: Links From Today's Show: https://www.investopedia.com/articles/retirement/07/save_too_much.asp https://finance.yahoo.com/news/saved-too-much-retirement-wish-120026207.html 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.

Duration:00:19:59

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How to Avoid Large Tax Surprises

8/3/2023
While no one really enjoys paying taxes, we all know it’s a given, and we expect it every year. What makes it worse is getting hit with a tax bill that you never expected. Certain moments in our financial lives can and will trigger tax events so we want to make sure you’re mindful of them, explain what they are, and share some ways to stay ahead of these tax surprises. Here’s some of what you will learn in this episode: Show Sources: https://www.kiplinger.com/retirement/retirement-planning/605109/is-your-retirement-portfolio-a-tax-bomb https://fnrpusa.com/blog/how-defer-capital-gains-tax/ 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.

Duration:00:21:30

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Myths Of The Retirement Number

7/20/2023
If you've ever felt overwhelmed or intimidated by the idea of a fixed retirement number, advertised by some financial institutions, you're not alone. In this episode, Scott debunks the retirement number myth, explaining that your retirement number is not just a single, daunting figure, but instead a combination of different income streams that work together. Join us as we walk through a hypothetical scenario of John and Jane’s retirement plan and illustrate how Social Security, pensions, and other sources of income can significantly contribute to reaching your financial goals. We’ll also take a look at how inflation impacts your retirement planning and more. Here’s some of what you will learn in this episode: (4:42)(10:32)(14:38)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.

Duration:00:19:16

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Generation X Retirement Planning: Maximizing 401ks, IRAs, and Securing Your Financial Future

6/1/2023
xx 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.

Duration:00:18:33

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Ep 17: Wealth Preservation vs. Income Generation in Retirement + How Much Cash Should I Have?

5/25/2023
As we approach retirement, it's crucial to shift focus from accumulating wealth to preserving it and creating a sustainable income. Determining the monthly income needed to cover your expenses and controlling your withdrawals is essential, but more complicated than it might sound. In this episode, Scott will break down the crucial difference between wealth preservation and income generation and then dive into the ideal amount of cash to have in your savings account. Here’s some of what you will learn in this episode: (2:20)(7:18)(10:38) (13:29)(16:10)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.

Duration:00:20:22

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Ep 16: Social Security Benefits for Spouses – What to Know

5/4/2023
One question that comes up a lot from our clients that are in their 60s and starting to ponder Social Security is what benefits are available to spouses? Today we’ll break it all down for you and explain everything you need to know about spousal benefits. You might be able to claim a benefit of up to 50% without cutting into your spouse’s amount, and this could still hold true if you’ve gone through a divorce. Join us to hear the specifics on how it all works. Here’s some of what you will learn in this episode: (3:59) (6:07) (10:22)(12:22) (13:58) Additional Resources: https://www.forbes.com/advisor/retirement/social-security-spousal-benefits/ https://www.ssa.gov/planners/retire/applying6.html https://www.ssa.gov/planners/retire/retirechart.html 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.

Duration:00:17:06

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Ep 15: Will the U.S. Dollar Go Digital?

4/20/2023
Buckle up, because today we’re diving into the recent buzz around digital currency in the United States. As you might’ve heard, the Federal Reserve recently announced its openness to experimenting with the development and implementation of a digital U.S. dollar. While this possibility may seem daunting, there's no need to panic just yet. It's a multi-faceted issue with many layers to consider, and it is certainly not set to happen anytime soon. However, it's a topic worth exploring, and that's exactly what we're going to do today. In this episode, we'll take a closer look at what this could mean for the U.S. dollar, why it's being considered, and the pros and cons associated with it. Here’s some of what you will learn in this episode: (3:08)(5:08) (6:05) (10:40)If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. REFERENCES FOR THIS EPISODE: https://www.nbcnews.com/politics/politics-news/desantis-rfk-jr-misconstrue-fednow-digital-dollar- plans-rcna78591 https://www.investopedia.com/us-cbdc-6740586 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.

Duration:00:16:28

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Ep 14: Understanding The Silicon Valley Bank Collapse and FDIC Insurance

3/30/2023
Following the collapse of Silicon Valley bank, you have probably heard a lot of talk about America’s banking situation in the last few weeks. Today, we are here to unpack what happened with the Silicon Valley Bank collapse and whether we should be concerned about other banks as well. We will also take a deeper look at banking insurance and discuss what FDIC insurance covers and what it does not cover. Here’s some of what you will learn in this episode: (2:04) (9:52)(14:08)(19:47)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.

Duration:00:23:39

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Ep 13: Big Changes on the Table for Social Security

3/16/2023
The future of Social Security is a concern on the minds of all Americans. People are constantly wondering whether the money will run out before it comes time to claim their benefits. While the worries are justified, there’s a good chance the government will make changes to the program to keep it funded for generations to come. We want to take time on this podcast to make sure you understand what the changes mean and how they could impact you and younger generations. Here’s some of what you will learn in this episode: (2:00)(6:04)(9:59)(11:27) (14:40) Read the CNBC article: https://www.cnbc.com/2023/03/04/social-security-reform-may-mean-changes-to-retirement-age- payroll-tax.html 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.

Duration:00:19:42