Your Guide to Understanding Digital Currency and How it May Impact You
The advent of debit and credit cards and smartphones has made paying for goods and services with cash almost a relic of the past. Let’s face it: there is very little need for paper money anymore. Even your shopping has moved online, so there is even less need for cash payments mailed to sellers. Even […]
The Ultimate Holiday Gift: Guidance for a Smooth Transition to Retirement
This holiday season, you’re probably focused on spending time with family, buying gifts, and traveling to see your loved ones. But part of enjoying the holiday season is spending on those gifts and experiences. Although it’s reasonable to prefer not to think about money this time of year, the extra holiday spending can take a […]
The Value of an Extensive Financial Strategy
As you settle into the holiday season, you may be excited to spend time with your family and focus on what matters in life. As a result, you may have spent a little extra on travel and gifts for your loved ones. Does your financial strategy account for that? You might think that something like […]
Don’t Have Enough Saved for Retirement? Consider These 3 Aspects
Are you confident that your retirement savings are going to be enough? Have you put aside anything at all for your golden years? If the response to these inquiries is no, our consultants might have solutions to help you restructure your retirement strategy. Here’s what they suggest to enhance your nest egg for retirement: Take […]
How an Advisor Can Elevate Your Financial Strategy
Engaging with a financial advisor is a significant decision. Just as a competent physician would be aware of your health history, a skilled financial advisor will understand the vital aspects of your financial status and use that understanding to enhance your financial well-being and protect your retirement years. Therefore, it is crucial to understand the […]
Wealth vs. Income: The Crucial Retirement Question
You may have built up a considerable sum of assets as you approach retirement. But not all assets are the same when it comes to planning for retirement. Here’s an example: you may have paid off your home. But your home probably isn’t going to generate any income during your retirement. A home is a […]
Traditional Vs Roth Accounts: Which Is Right For You?
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.
How Debt Can Affect Your Retirement
Many Americans are approaching their golden years with some level of debt. In 2016, nearly 61% of US citizens were transitioning into retirement while still bearing debt.[1] While one might assume that expenses would naturally decrease after retiring, that isn’t always the case.[1] Sometimes, your costs will remain constant, decrease, or they may rise. It […]
What Are COLAs and How Do They Affect Retirement
If you are currently receiving Social Security or you are considering how Social Security might factor into your retirement plan, it’s important for you to understand what COLA stands for. You may have seen the acronym in various information about Social Security, and you may have wondered what it meant. Well, let’s answer your questions […]
Meet Marcos Lemus: From Tech Enthusiast To Financial Advisor
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.
