Category

retirement 401k

Schulz Wealth Economic Overview - Q4 2022

The disconnect reviewed last quarter between the stock market valuations and the economy remains. As we shift into 2023 and a still looming, possible recession, it is important to understand this disconnect. We finished 2022 with an overall...

Selecting Your Financial “Chief of Staff”

Making Financial Planning Decisions as a Business Owner   Financial planning decisions do not live in a silo, so neither should the professionals helping you, as a business owner, make those decisions. These days, there are financial...

Is Bigger Always Better?

Hi everyone, my name is Jared Pestcoe and I am the Operations Manager at Schulz Wealth. I thought I would give Rob a break this week to talk a bit about the sector of the financial industry I used to be a part of that has shaped a strong belief...

P&L: Priorities & Lifestyle Episode 37

  P&L: Priorities & Lifestyle Episode 37 – Retirement Planning at 55 and Up with Marcia Mantell                      Listen Now!        Marcia Mantell is a retirement business guru who helps clients...

Schulz Wealth Economic Overview - Q3 2022

Things seem to be backward concerning the stock market and the economy right now. The better the economic data, the worse the stock market performs. Especially when it comes to job reports and the unemployment rate. September non-farm payrolls...

I Hate The Term "Retirement"

I hate the word “retirement” even more as I get older and closer to it myself. Why do I hate it? The word itself does not even remotely sound like fun at all. Retire comes from Middle French retirer (“draw back”) or withdraw. Therefore,...

Maintaining Altitude

Maintaining Altitude There is no one-size-fits-all plan for retirement income, but one thing I always look for when creating a retirement plan for my clients is altitude. Altitude provides time and space, and altitude, at a high enough level, is...

Retirement Impacts Your Life

Have you ever thought about how the tips, tricks, and insights you share with others can have a lasting impact?  The sound advice you share with people can drastically change their lives even though it may seem so simple to you. We recently had a...

What Is A Roth Conversion And Why Do I Care?

I had a new client in the office this morning whose situation lends itself perfectly to a Roth conversion. They are 53 years old and have almost 2 million dollars in 401(k) and IRA retirement account funds. All of their 401(k) and...

Is Your 401(k) Enough? Probably Not.

In working with successful clients, I’m reminded often that just maxing out your 401(k) rarely cuts it. For most of the families we work with, it takes more than just retirement plan assets to effectively retire. Why? Because your...

The More We Make, the Tougher It Becomes to Retire

In this final quarter of the year, I had the opportunity to run retirement plans on quite a few 401(k) plan participants. Whenever possible, I enjoy sitting one-on-one with employees to help them understand and formulate a retirement scenario. ...

Thoughts on Social Security Benefits

  More than half of retiring Americans today opt to take Social Security before their Normal Retirement Age, and less than three percent of filers wait until age 70. Many retirees must not realize Social Security benefits are approximately 75%...

Catchin' Perch

Nobody has ever accused me of being a great fisherman, but when I was seven or eight I knew how to catch perch by the bucket load. I would lie down flat on the sun-warmed dock my dad had built and peek over the edge to the water just below. I had...

6 Easy Mid-year Steps to a Better 401(k)

As a plan sponsor, many of the important administrative tasks associated with your plan’s operation happen behind the scenes with your vendors. Because of this, sometimes it’s easy to be lulled into complacency. If left unchecked the Plan can...

ROTH 401(k): Underutilized and Misunderstood

It has been six years now since the doors opened for 401(k) plans to allow ROTH contributions.  Most employers by now have amended their plans to allow these contributions but few employees understand the rules or even know it exists. Here’s the...

Thoughts on Retirement Income

As you get closer to Financial Independence Day (the day you start taking money out of your retirement accounts), the reality of what was an intangible concept for so many years can be a little stressful.  Here are some thoughts and concepts I...