Frequently Asked Questions
About Bulman Wealth Group
Yes, we are fiduciaries at Bulman Wealth Group. This means we are legally and ethically committed to acting in our clients’ best interests in all financial matters.
Living near one of our offices is not necessary. We leverage tools like Zoom to ensure seamless communication regardless of location.
As a fee-only firm, we do not sell any products. We charge a simple and transparent fee that aligns your interest with ours.
General FAQs
Determining if you’ve saved enough for retirement depends on individual circumstances, including your lifestyle, expenses, and investment strategies.
Outliving your nest egg is a concern that can be addressed by planning for longevity and adjusting withdrawal rates and investments accordingly.
The goal of financial security later in life hinges on a comprehensive plan that includes savings, investment income, and possibly pension or Social Security benefits.
Healthcare costs can significantly impact retirement savings, necessitating a plan that includes potential long-term care and unexpected medical bills.
The optimal time to begin taking Social Security benefits varies by individual, factoring in health, financial needs, and employment status.
Limiting tax exposure in retirement involves strategic withdrawals from retirement accounts and considering the tax implications of investment gains.
Seeking to ensure your loved ones are cared for involves estate planning through wills, trusts, and healthcare directives to manage asset distribution.
Optimizing retirement income requires balancing investment growth with risk and may involve periodic adjustments to your financial plan.
Inflation can erode purchasing power over time, making it crucial to include investments that have the potential to outpace inflation in your retirement plan.
Reducing debt before retirement can help alleviate financial strain, allowing more of your retirement income towards living expenses rather than debt repayment.
Supporting your current lifestyle in retirement requires a thorough understanding of your anticipated expenses and ensuring your savings and income sources can cover them.
Live the life you have always imagined.
You do not have to navigate retirement alone. Let us be your guides through every phase of your financial journey.