Zach Abraham, Author at Bulwark Capital Management

Oct 30

0

Halloween Candy Unwrapped: What’s Your Favorite Treat?

By Zach Abraham | Lifestyle

What was once a simple night of costumes and handmade treats has become a multi-billion-dollar industry. In fact, Americans spent nearly $12 billion on Halloween in 2024, and $3 billion of that went to candy alone. Since individually wrapped treats became the standard in the 1950s, Halloween candy has only grown in scale and spectacle. Today, large retailers like Walmart and Target stock massive assortments and bulk buying is the norm. But it isn’t just about cost and convenience, candy trends have shifted with each generation. Here is a look at how Halloween candy has evolved through the decades.

Sweet Beginnings: Pre-1950s

What came first, candy or Halloween? Believe it or not, ancient civilizations were enjoying honey-based confections long before Halloween traditions developed. Still, the modern candy era didn’t take shape until Joseph Fry debuted the first molded chocolate bar in 1847. Candy Corn, Wrigley’s Chewing Gum, and Tootsie Rolls soon followed, and by 1900, Hershey’s Milk Chocolate bar hit the market (selling for 5 cents per bar). The cocoa and sugar craze led the candy industry to focus on basic mixtures like chocolate, caramel, and peanuts.

The roaring ‘20s introduced classics like Baby Ruth, Mounds, Milky Way, and Reese’s Peanut Butter Cups and the 1930s added Snickers, 3 Musketeers, and Tootsie Roll Pops to the mix. The confectionary boom continued into the 1940s with the invention of M&Ms, although the candy-coated pieces didn’t receive their iconic “M” stamp until 1950. These candies became household names and continue to dominate candy culture today, feeding the American sweet tooth. But the candy world wasn’t destined to stay sweet and simple.

The Rise of Fruity Flavors: 1950s & 1960s

Candy and Halloween became synonymous in the 1950s. Postwar suburban life encouraged trick-or-treating, and candy companies took advantage of the commercial opportunity by actively marketing kid-friendly, individually wrapped candies specifically for handing out. Although children continued to enjoy confectionery sweets, from enduring classics to once-popular treats like the Abba-Zaba taffy bar with its peanut butter center, American culture soon ushered in a more playful attitude. Bolder colors brightened everything from fashion to the candy aisle. Fruzola, a recent invention, was a fruit-flavored powder originally intended to be mixed with water to make a sweet drink. But kids had other ideas. They started downing the sugar straight from the packet, leading to the creation of the iconic Pixy Stix, six-inch paper tubes containing a variety of flavors like grape, orange, and cherry.

In the 1960s, fruit-flavored candy reigned supreme. Americans were introduced to Now & Later fruit chews, Lemonheads, SweeTarts, and one candy that remains in the top 10 most popular Halloween candies to this day: Starburst, originally sold under the name, “Opal Fruits,” in the original flavors of strawberry, lemon, orange, and lime, which are still available today. The name change was intentional, relating to the Space Race between the Soviet Union and the U.S. and resonated better with a global audience.

The Rise of Sour and Tangy Treats: 1970s & 1980s

Often considered the golden age for candy, the 70s and 80s brought television commercials with catchy jingles and playful characters that established an emotional connected with children. Fruit-flavored candies still prevailed in the 1970s with the introduction of Skittles, and the Reese’s Peanut Butter Cup gained even more fame with the release of Reese’s Pieces. The true innovation was the emergence of candy you could play with. The unique and explosive experience of Pop Rocks made it an instant sensation and Ring Pops quickly became a favorite among kids who loved the idea of edible jewelry.

Airheads hit the market in the 1980s, becoming a popular choice among candy lovers who appreciated a balance of sweet and sour. Sour Patch Kids also arrived at the scene, influenced by both the sour and sweet trend and the success of Cabbage Patch Kids. Additionally, Trolli gummy worms were released and featured in the blockbuster Ghostbusters, which helped it rise to fame. Candy innovation hit a peak with the launch of Nerds, which distinguished itself by its packaging and taste profile.

Extreme Flavors and Sensory Experiences: The 1990s & 2000s

These notorious decades were known for their over-the-top extremes. Although Warheads were created in Taiwan in the 70s, they were introduced to U.S. markets in the 90s and quickly became a defining part of the 90s culture. Caramel Apple Pops released and became one of the most-desired Halloween candies displaying a color similar to Nickelodeon’s iconic green slime, which was a symbol of kids’ entertainment. Gushers and Baby Bottle Pops were other notable candies that centered on delivering a sensory experience and multi-layered flavor profile.

By the 2000s, the Harry Potter series had become a cornerstone of global pop culture. Capitalizing on its immense popularity, Jelly Belly launched Bertie Bott’s Every Flavor Beans, a famous treat from the wizarding world brought in an interactive form for readers. Although the ongoing publication of the books helped keep the buzz alive, it was the blockbuster film adaptations that amplified commercial impact and cemented the jellybeans into the franchise culture.

Next-Gen Candy: 2010s & 2020s

Previous decades have pushed the candy industry to innovate at record speed, responding to pop culture moments and digital influence faster than ever before. A prime example is the 2018 U.S. debut of Kinder Surprise, also known as the Kinder Egg, a globally beloved chocolate egg with a mystery toy inside that gained popularity from social media. Its release was highly anticipated, and since then, Kinder has remained successful in making their treats more appealing by launching exclusive editions featuring brand collaborations with Paw Patrol, Harry Potter, and even the NBA.

Halloween candy aisles now showcase a mix of nostalgic classics and attention-grabbing new treats, proving that even today, the focus is as much about the experience as it is about the taste. Yet through all these changes, one thing remains constant: whether it’s a chocolate bar or a lip puckering sour treat, candy continues to be at the heart of the holiday.

Sources:

Disclosure:

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. Trek 25-342

Oct 30

2

Your 2025 Year-End Financial To-Do List

By Zach Abraham | Financial Planning

Before you welcome 2026, make sure you’ve covered these 7 steps!

As 2025 wraps up, now is the time to take financial inventory. As your circumstances are constantly changing and evolving, the proper financial plan is not meant to be a set-it-and-forget-it thing. With the end of the year presenting the perfect chance to revisit your goals, here are a few areas you may want to check in on before we flip the calendar to 2026.

1. Review Your Financial Plan
As the year ends, it can be a great idea to reassess your financial circumstances and make necessary adjustments to your financial plan. Maybe your goals have changed. Maybe you’re on a fast-track toward goals you expected to take longer to reach, so you can move some dates up. And remember, it’s always important to make sure that your beneficiaries are up-to-date annually on all of your accounts, investments and insurance policies.

2. Adjust Your Monthly Budget
Now that we’re in the final quarter of the year, you may be in a good position to revisit your budget and adjust as needed. Maybe you received a nice annual bonus or raise, or maybe you’ve recently had a baby and haven’t had a chance to fine-tune your budget through the sleepless nights. No matter your circumstances or the new milestones and stages of life you reached this year, it can be a good idea to look at how your income keeps up with your expenditures and tweak accordingly.

3. Review Your Investments
Diversifying across different asset classes may help manage risk within your portfolio, which can be especially valuable during periods of market volatility. It’s also important to ensure your investments align with your personal risk tolerance, particularly as you approach retirement.

4. Recalibrate Your Retirement Account Contributions
As you traverse your career and attempt to carve out a lifestyle that will be sustainable once you get the chance to quit working and chase your retirement dreams, it’s important to know how much you’re allowed to contribute to your various accounts. In 2025, the contribution limit is $7,000 for traditional and Roth IRA accounts, and it is $23,000 for 401(k)s. In 2026, those limits are expected to increase to $7,500 and $24,500, respectively. If you’re 50 or older, you can also make catch-up contributions of up to $1,000 to your IRA and $8,000 to your 401(k).

5. Take Your RMDs
Below is a chart showing the age at which you must begin taking required minimum distributions (RMDs) from your tax-advantage retirement accounts. Failure to adequately withdraw funds may result in a 25% penalty on the amount that should have been withdrawn, which may be reduced to 10% if corrected promptly. The deadline to withdraw the minimum amount from tax-deferred accounts is Dec. 31, except for your first RMD, which can be delayed until April 1 of the following year. If you’ve reached the age at which RMDs are required, withdrawing the correct amounts from the right accounts is crucial to avoid penalties. We’re also happy to help you calculate your RMDs to stay compliant with the latest IRS rules!

Date of Birth	RMD Age
June 30, 1949, or earlier	70 ½
July 1, 1949 – Dec. 31, 1950	72
Jan. 1, 1951 – Dec. 31, 1959	73
Jan. 1, 1960, or later	75

Spend Money Left in Your FSA

Unlike health savings accounts (HSAs), flexible savings accounts (FSAs) do not typically allow you to roll your excess funds into the next year. Some health FSAs permit a grace period or a rollover amount of unused funds into the next plan year. For 2026, there is a 2.5-month grace period, and the rollover maximum is $660. To avoid losing money, review your plan’s rules, your FSA balance, and consider booking general wellness appointments like visits to the eye doctor, annual physicals and dental cleanings.

Talk to Your Financial Professional or Advisor

The job of a financial professional, planner, or advisor is to assist you with your unique circumstances and goals.

At Bulwark Capital Management, we aim to provide guidance that aligns with your vision, helping you navigate the path to a financial future you are comfortable with. Whether you’re looking to check off all these boxes as the year ends or start 2026 with fresh goals, we can help. Contact Us Today!

Sources:

Disclosures:

This article is for general information purposes only and is not to be relied upon for financial advice. In every case, you should seek the advice of qualified tax, financial and legal professionals to ensure that a life policy is advisable based on your unique circumstances.

Guarantees are provided by insurance companies and are reliant upon the financial strength and claims-paying ability of each individual insurance carrier issuing a life insurance contract.

Life insurance requires medical underwriting; therefore, not everyone will be able to purchase a life insurance policy. Life insurance policies can be complex, and it is recommended that you work with a professional to examine policy terms.

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision.

Trek 25-342

Sep 30

0

What Life Insurance Can You Borrow From?

By Zach Abraham | Life Insurance

September is “Life Insurance Awareness Month,” and we wanted to answer this common question: “What life insurance can you borrow from?” Since life insurance policies come in so many forms, let’s start with the type you can’t borrow from. The most common form of life insurance is called “term life.” Term is the simplest form of life insurance and most common because it contains only a “death benefit” which is paid to a beneficiary upon the insured person’s death.

You cannot borrow from a term life policy because it’s strictly used to provide financial protection in the form of a death benefit, or cash for a loved one in the event of an insured’s passing. Term life insurance guarantees a certain death benefit payout if the insured dies during a specified period, such as 1, 2, 10, 15, or 30 years, and then the policy ends. Often premiums for term insurance are level for a certain number of years but some policies may go up as the insured gets older.

Life Insurance Policies You Can Borrow From

Permanent life insurance policies can be borrowed from, because in addition to a death benefit, there is a cash value portion of the policy which you contribute to as part of your premium cost, and the cash portion can grow through time.

Permanent means permanent as opposed to term; the policies don’t end at a certain point of time, they continue for as long as you live and pay the premiums. The cash value in a life insurance policy can be borrowed during your lifetime—you can borrow the cash to fund college costs, start a new business, pay for retirement expenses, and more—sometimes with significant tax advantages as long as the policy remains in force.

Will I Owe Interest On Amounts I Borrow From a Life Policy?

If you borrow part of your cash value, you will borrow the money tax-free in most cases, but you will be charged a fixed or fluctuating interest rate on the outstanding balance of any loan depending on your policy’s terms. You will have to carefully assess or consult with your financial advisor to make sure your policy stays in good standing if you borrow from it.

Some policies continue to credit interest to the total cash-value portion of your account even if you have borrowed money from it, treating the cash value portion as though all the money were still there. In some cases, this equals or exceeds the interest you will be charged. You will want to make yourself aware of all policy terms and conditions before making any decisions about borrowing from an insurance policy; this is where good advice can help.

Permanent Types Of Insurance You Can Borrow From

The major types of permanent insurance policies which can build cash value are whole life, universal life, and variable life.

Whole Life

Whole life insurance policies are permanent policies with fairly simple terms. They have fixed premiums that don’t go up, and cash value accumulation guaranteed by the financial strength of the insurance company providing the policy.

Universal Life

Universal life insurance gives consumers flexibility in the premium payments, death benefit amounts, and the savings or cash-value elements of their policies, which is why it’s sometimes called adjustable life insurance. There are different types, including one of the more popular forms, called indexed universal life (IUL). With IUL policies, the cash value is benchmarked to the performance of an index or indices, such as the S&P 500 for potential growth. While an IUL policy’s cash value growth is tied to the performance of the selected index or indexes, the money is not actually invested in the market, it is a contract with the insurance company which determines how crediting works based on the index/indices’ performance. Therefore, your principal is protected from stock market risk, but it can grow based on stock market growth as outlined by your particular policy’s terms.

Variable Life

With variable life insurance, the cash-value portion of a variable policy is actually invested in the market in what are called “subaccounts;” therefore, there is the potential for loss of principal based on stock market losses. With variable life, you will actually invest and receive prospectuses to review so that you can determine whether or not the subaccount or subaccounts you choose fit with your overall risk strategy. Often variable life policies have higher fees than other types of policies due to the investment management of subaccounts.

If I Borrow Money, What Happens to the Policy After I Die?

Many permanent life insurance policies can be purchased on a “joint survivorship” basis. There are two types: first-to-die, which pays out to the surviving spouse after the first dies; and second-to-die, or survivorship, which pays a death benefit to the heirs after both spouses are gone.

Whether joint survivorship or not, if you borrow cash value from a policy, the amount borrowed is deducted from the total death benefit paid to your named beneficiaries in addition to any remaining fees or interest owed. If you don’t borrow money, the cash value is added to the death benefit.

What Else You Should Know About Life Insurance

The death benefit paid to your beneficiaries is usually tax-free and bypasses probate, provided the policy’s beneficiary is an individual rather than a trust.
Life insurance is considered part of a comprehensive financial plan, and can be used in various ways for estate planning or leaving a tax-advantaged legacy to your loved ones.
Most life insurance policies require a medical exam, and in cases of ill health, your policy may be denied or the policy costs may be higher. As long as you continue to pay all premiums, your policy cannot be canceled if your health status changes in the future.
Some policies have provisions for chronic, critical, terminal illness, or long-term care benefits that can be used in lieu of, or in addition to, the death benefit.

Each life policy from each different insurance carrier has different features, and the various product choices can be confusing for a consumer to navigate. Additionally, new types of policies are being introduced to the market all the time which may offer better terms. It is very important to work with a qualified advisor to find the policy that might be best suited for you to meet your family’s needs. Call us to learn more about life insurance!

Sources:

https://www.iii.org/article/what-are-different-types-permanent-life-insurance-policies

https://www.investopedia.com/articles/pf/07/whole_universal.asp

Disclosures:

This article is for general information purposes only and is not to be relied upon for financial advice. In every case, you should seek the advice of qualified tax, financial and legal professionals to ensure that a life policy is advisable based on your unique circumstances.

Guarantees are provided by insurance companies and are reliant upon the financial strength and claims-paying ability of each individual insurance carrier issuing a life insurance contract.

Life insurance requires medical underwriting; therefore, not everyone will be able to purchase a life insurance policy. Life insurance policies can be complex, and it is recommended that you work with a professional to examine policy terms.

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. Trek 25-318

Sep 30

0

Your Ultimate Guide to a Budget-Friendly Game Day

By Zach Abraham | Lifestyle

There’s nothing like the excitement of game day! But after spending money on tickets, transportation, food, drinks, and apparel, the costs can add up fast. Whether you prefer heading to the stadium, catching the action at a sports bar, or hosting your own watch party at home, there are plenty of ways to enjoy your favorite team without breaking the bank. We’ve put together a quick guide for all options when it comes to having a good time while still staying within your budget.

At the Stadium

The journey of a game day starts with buying your tickets. If you’re flexible, consider waiting until the last minute to purchase because resale sites like SeatGeek or StubHub often offer steep discounts right before kickoff. Don’t forget to check for group discounts, student rates, or military deals that many teams offer. To stretch your dollars even further, you can use cash-back or rewards apps like Honey when purchasing.

Once your tickets are secured, it’s time to plan your trip to the stadium. Parking can be expensive, so carpooling with friends is a great way to split the cost of gas and parking. With a little research, you might even find free or cheaper parking zones a short walk from the stadium. Depending on your budget and willingness to walk, consider taking public transit like local buses or trams.

Before the game, try organizing a tailgate with friends. Bringing your own food and drinks not only keeps costs down but also adds to the fun of game day. Sharing supplies helps to ensure everyone contributes and no one overspends. If tailgating isn’t an option, check the stadium’s rules because some venues allow you to bring in small snacks or empty water bottles, which can help you avoid the high prices of stadium concessions.

Watching the Game Out

Sports bars fill up quickly on game day, so if you can, reserve a table early to grab a good seat. Always check for game day deals at your favorite bars and restaurants. Many extend happy hours, offer food and drink specials, or even give discounts if you show up in team gear. With so many places now hosting their own watch parties to attract fans, look for bars that support your team to enjoy the full experience. Local breweries, in particular, tend to offer better prices and a team-spirited atmosphere. To make your outing even more budget-friendly, once again, use rewards apps or cashback credit cards for your purchases and split the cost of food and drinks with friends.

Hosting a Watch Party

Staying home to watch the game is almost always the most affordable option. Start by deciding what foods are your favorite like wings, sliders, or big batches of tacos, chili, or bean dip. Then make a shopping list and buy in bulk from warehouse stores like Costco or Sam’s Club. This helps you save money while ensuring you have plenty for everyone. You can even invite friends to bring their favorite game day dish, turning your gathering into an affordable potluck. Instead of stocking a full bar, prepare one or two signature drinks in big pitchers or a large punch bowl.

As you set up, add a personal touch by making your own decorations. Use construction paper, paint, or print out team logos to create a festive atmosphere. Don’t buy new party supplies; instead, ask if you can borrow folding chairs, tables, or coolers from friends or neighbors, and repurpose household items for serving and seating. Once everything is ready, all that’s left is to relax and enjoy the game!

Football season is all about coming together and making memories no matter what your budget is. With a little creativity and planning, you can make the most out of game day without missing any of the action. Gather your friends, put on your team colors, and get ready to cheer without the financial penalty flag!

Sources:

https://fangirlclothing.com/blogs/news/game-day-on-a-budget-a-complete-money-saving-guide?srsltid=AfmBOopTrjq5xOiHNHBdWihum3IZNXkY0vg2j7fGOjxYSlb3GWCKKHle

Disclosure:

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. Trek 25-318

Aug 27

0

Breaking Down the One Big Beautiful Bill Act

By Zach Abraham | Retirement, Tax Planning

The “One Big Beautiful Bill Act” (OBBBA), often called the “Big Beautiful Bill,” is a sweeping piece of legislation that touches nearly every aspect of American life. Spanning over 800 pages, it introduces changes across the tax code, retirement savings, estate planning, border security, ICE, and government operations. The IRS is expected to issue further clarifications on many provisions, but what’s clear is that this bill brings a wide range of reforms that can impact nearly every household.

Here are just a few of the biggest changes as we understand them:

Lower Tax Rates Made Permanent and a Higher Standard Deduction

The bill retains the individual tax rate percentages first introduced by the 2017 Tax Cuts and Jobs Act (TCJA) for the tax year 2025 and beyond; thereafter income brackets will be indexed for inflation annually. The tax rates, as well as brackets for 2025, are as follows:

The top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly).
35% for incomes over $250,525 ($501,050 for married couples filing jointly).
32% for incomes over $197,300 ($394,600 for married couples filing jointly).
24% for incomes over $103,350 ($206,700 for married couples filing jointly).
22% for incomes over $48,475 ($96,950 for married couples filing jointly).
12% for incomes over $11,925 ($23,850 for married couples filing jointly).
10% for incomes $11,925 or less ($23,850 or less for married couples filing jointly).

Along with this, the standard deduction has been increased slightly to $31,500 for joint filers, $23,625 for heads of household, and $15,750 for single filers for 2025—adjusted annually for inflation going forward.

Temporary Deductions (For Tax Years 2025–2028 Only)

Up to $25,000 of tips may be deducted from federal taxable income for those who work in industries where tips are customary. The deduction amount phases out by $100 for each $1000 when adjusted gross income exceeds $150,000 for single filers and $300,000 for joint filers. While the deduction applies to “cash” tips only, the OBBBA broadly defines “cash” tips to include tips paid in cash or charged.
Overtime Pay Deduction: Up to $25,000 of overtime compensation for married filers and $12,500 for single filers may be deducted from federal taxable income. The deduction phases out when adjusted gross income exceeds $150,000 for single filers and $300,000 for joint filers.
Senior Deduction: Mistakenly referred to as a Social Security tax cut, the OBBBA established a temporary income tax deduction of $6,000 per eligible filer for people age 65 or older—provided their modified adjusted gross income does not exceed $75,000 for single filers, or $150,000 for those married filing jointly.
Auto Loan Interest: Auto loan interest is made income tax deductible for new autos with final assembly in the United States. The deduction is limited to $10,000 and phases out when income exceeds $100,000 for single filers and $200,000 for joint filers.

These deductions may help reduce taxable income to support some middle-income earners but will sunset after 2028 unless renewed.

Child and Family Benefits

The child tax credit was raised by another $200 to $2,200 per qualifying child for 2025. Beginning in 2026, this will be indexed for inflation. (Earned income must be at least $2,500 in order to claim any child credit.) The OBBBA also retains the $500 nonrefundable credit for other dependents who do not qualify for the child tax credit, including those over the age of 16, and retains a requirement that the child and at least one parent have a Social Security number.
New Trump Accounts: A tax-deferred savings account is meant for American children born between 2025 and 2028. There is a one-time government deposit of $1,000 and families can contribute up to $5,000 per year with investment growth tax-deferred. Employers can also contribute $2,500 to the employee’s eligible dependent child.

Higher Estate and Lifetime Gift Tax Exemption Amounts Continue

The higher federal Estate and Lifetime Gift Tax exemption amounts will no longer sunset in 2026. Instead of reverting to pre-TCJA levels, the OBBB permanently increases the exemption to $15 million per person, or $30 million for joint filers starting in 2026, with the new exemption amount indexed for inflation going forward. The Generation-Skipping Transfer (GST) exemption will match this amount. (For the 2025 tax year, the exemption amount is $13.99 million or $28.98 million per couple.)

SALT Deduction Expands Until 2030 and Current Mortgage Interest Deduction Amount Made Permanent

The deduction cap for State and Local Taxes (SALT) has been increased to $40,000 starting in 2025 and will then climb by 1% annually through 2029 before reverting back to $10,000 in 2030 (phases out for taxpayers with an income over $500,000).
Qualified residence interest deduction: Originally set to increase to $1 million, the OBBBA modified the limit on the deduction for qualified residence interest to a maximum of $750,000 of home acquisition debt permanently. The disallowance of interest on home equity loans has been made permanent unless loan proceeds are used to buy, build, or substantially improve the home securing the loan.

Charitable Deduction Increase for Nonitemizers

The OBBB expands the ability of nonitemizers to take a bigger charitable deduction permanently. The preexisting limit of $300 ($600 for married individuals filing jointly) is increased to $1,000 ($2,000 for joint returns). This above-the-line deduction is available only for cash gifts made to public charities.

What’s Ending

While some incentives were expanded or made permanent, others are being phased out. For instance, tax credits for electric vehicles (EVs) end September 30, 2025. Other homeowner tax credits for home energy improvements, such as solar panels, doors and windows, and heat pumps, will end December 31, 2025.

While we’ve only highlighted a few key changes, this bill spans over 800 pages, making it important to stay informed and regularly review your plan. Planning ahead remains foundational, as future shifts or challenges could bring additional changes. More guidance is expected from the IRS in the months ahead, but in the meantime, contact us with any questions or concerns.

This overview is compiled from information believed to be true. This article should not be relied upon for tax or financial advice. Please check with your tax and financial professionals before making any changes to your plan.

Sources:

https://www.whitehouse.gov/articles/2025/06/capitol-hill-touts-benefits-of-the-one-big-beautiful-bill/

https://waysandmeans.house.gov/2025/05/22/passed-the-one-big-beautiful-bill-moves-one-step-closer-to-president-trumps-desk/

https://www.forbes.com/sites/martinshenkman/2025/07/05/big-beautiful-estate-plan-impact-of-the-big-beautiful-bill-obbba/

https://www.fedsmith.com/2025/07/10/what-the-one-big-beautiful-bill-act-means-for-federal-employees/

https://www.whitehouse.gov/articles/2025/07/president-trumps-one-big-beautiful-bill-is-now-the-law/

https://www.cnbc.com/2025/07/11/when-provisions-from-trumps-big-beautiful-bill-go-into-effect.html

https://www.npr.org/2025/07/11/nx-s1-5459955/social-security-megabill-trump-tax-cuts

https://www.calt.iastate.edu/blogpost/one-big-beautiful-bill-act-implements-significant-tax-package

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. Trek 25-291

Aug 27

1

Try This Healthy Recipe Over Labor Day Weekend

By Zach Abraham | Lifestyle

Just as balance is key to a successful financial portfolio, it is also essential in your meals, combining the right nutrients to fuel your energy and well-being. The 2025 Viral Cottage Cheese Sweet Potato Beef Bowl has taken the internet by storm, earning glowing reviews from dietitians and everyday eaters alike, quickly becoming a favorite among all demographics. Here’s the simple recipe for achieving the perfect balance of flavor and nutrition.

What you’ll need

3 medium-sized sweet potatoes – diced into cubes

1 lb lean ground beef

2 cups cottage cheese

1-2 tbsp olive or avocado oil

2-3 fresh avocados – diced or sliced

Hot honey

1/3 cup of water – if needed

3 tbsp taco seasoning – homemade or store bought

Seasonings of your choice – salt, black pepper, and cinnamon

Viral Cottage Cheese Sweet Potato Beef Bowl

Prep: Preheat your oven to 425 °F.
Bake sweet potatoes: Peel and wash the sweet potatoes, then cut into cubes. In a large bowl, combine olive oil, cubed sweet potatoes, and seasonings of your choice (salt, pepper, and a touch of cinnamon). Spead onto a baking sheet and bake for 25 to 30 minutes, or until potatoes are fork-tender, flipping them halfway through.
Make the taco beef: In a skillet, brown the ground beef over medium heat. Drain any excess grease, then add taco seasoning. If needed, add a bit of water for extra moisture. Set aside.
Build your bowl: Add sweet potatoes, taco-seasoned ground beef, cottage cheese, and fresh avocado. Garnish with a drizzle of hot honey—and enjoy!

This viral recipe lives up to the hype, having the potential to become a classic staple in households everywhere. With protein-packed beef and cottage cheese at its core, it delivers the perfect blend of creamy, spicy, sweet, and savory. The balanced textures keep each bite interesting, and the quick prep makes it ideal for busy weeknights or weekend meal prep. Though perfect year-round, this recipe is a delicious way to wrap up summer with a meal that’s simple, satisfying, and smart.

Sources:

https://myproteinpantry.com/hot-honey-ground-beef-bowls/

https://www.5boysbaker.com/viral-cottage-cheese-sweet-potato-ground-beef-bowls/

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. Trek 25-293

Jul 02

0

Annuities Don’t Have to be Confusing

By Zach Abraham | Annuities, Retirement

In the past, annuities have been a topic avoided by many, but lately interest levels have risen—a lot. In fact, online searches for terms like “annuities” and “pensions” are up by 160% while “are annuities good or bad” are up by 200%, according to ThinkAdvisor.

With retirement lasting longer and retirees worried about recent market volatility, tariff uncertainty, potential Social Security cuts, and continued inflation, now may be a good time to learn more about how different tools, such as annuities, might work in a retirement portfolio. And since June was Annuity Awareness Month, we decided to open up the conversation and provide some clarity.

To start, whether you’re planning for retirement, getting close, or already in it, it’s important to have a retirement plan in place, and review it regularly. While accounts like 401(k)s or IRAs are important retirement savings vehicles, they don’t automatically come with a plan for how income will be drawn from those assets once paychecks stop. Planning for income distribution is a key part of creating a long-term financial plan.

As you get closer to retirement, it may make sense to review how much of your savings are subject to stock market volatility. One concept that highlights this is “sequence of returns risk.” This refers to the impact of market performance in the early years of retirement, which can significantly affect how long your savings last. For example, someone who retires during a market downturn and begins taking withdrawals might see their portfolio decline faster than someone who retires during a market upswing, even with the same average return. Since market timing is unpredictable, working with a financial professional to explore multiple income and investment strategies tailored to your needs can help manage these risks.

An annuity is a contract between an individual and an insurance company designed to provide a monthly stipend or income during retirement. There are many different types of annuities, and some have different fee structures and contract terms which may, or may not, befit your financial situation. That’s why it is generally a best practice to work with an independent financial advisor who has access to many different types of annuities to compare between.

Some annuities, such as certain lifetime fixed indexed annuities, can offer a stream of income in retirement that is designed to last as long as you live. These guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company and are subject to the terms of the annuity contract. Some policies may also include optional features, sometimes available for an additional cost, that are designed to help address inflation.

For some investors, annuities can be an appealing way to turn part of their retirement savings into a predictable monthly income stream. This may help reduce the complexity of managing withdrawals, aside from required minimum distributions (RMDs), and can complement other retirement income sources. With some income needs covered by the annuity, other portions of the portfolio may remain available for market participation or future use, depending on your goals and risk tolerance.

A study by David Blanchett and Michael Finke (2021) found that many retirees prefer the predictability of guaranteed lifetime income over drawing from their investment accounts, even when they have the means to do so. For some, it can feel more intuitive to spend income than to withdraw from long-accumulated savings. That’s one reason why consulting a financial professional may be helpful when designing a retirement income plan that aligns with your personal comfort, goals, and financial circumstances.

Roughly 10,000 Americans reach age 65 each day, highlighting the growing importance of retirement income planning. For some individuals, annuities may play a role in the fixed-income portion of their portfolio, depending on personal goals and needs. While traditional models often focused on the stock-to-bond ratio, research by Roger Ibbotson, Robert Shiller, and Wade D. Pfau has examined how certain annuity types, such as fixed indexed annuities, might contribute to addressing risks like longevity and market volatility. These studies suggest that, under the right circumstances, annuities may offer meaningful benefits alongside other fixed-income strategies. Specific outcomes depend on individual assumptions, product features, and planning context.

In today’s interest rate environment, some fixed indexed annuities offer optional bonus features that may increase the value of the annuity’s income benefit base, depending on the terms of the contract. These features often come with additional costs, conditions, or holding requirements. Other available riders may include provisions for long-term care, terminal illness, or spousal income, depending on the policy. Because features vary widely by provider, annuities can be tailored to individual needs. However, it’s important to understand the details and potential trade-offs involved.

With so many choices, it’s important to remember that every person’s situation is unique, meaning annuities may or may not be indicated depending on your specific needs and goals. That’s why we’re here to help you explore your options, explain how different annuities work, and create a long-term retirement plan. If you’d like to discuss how annuities might fit into your retirement strategy, give us a call! You can reach Bulwark Capital Management in Tacoma, Washington at 253.509.0395.

Sources:

https://www.thinkadvisor.com/2025/04/15/6-reasons-annuity-is-no-longer-a-dirty-word/

https://www.thinkadvisor.com/2025/04/23/for-most-americans-going-broke-in-retirement-is-a-bigger-fear-than-death-survey/

https://www.thinkadvisor.com/2025/04/15/7-things-retirement-savers-are-asking-google-about-annuities-now/

https://401kspecialistmag.com/retirees-prefer-spending-lifetime-income-over-savings/

https://www.kiplinger.com/retirement/annuities-what-you-dont-know-can-hurt-you

https://www.limra.com/en/newsroom/news-releases/2025/limra-2024-retail-annuity-sales-power-to-a-record-%24432.4-billion/

https://www.protectedincome.org/wp-content/uploads/2023/06/RP-20_Pfau_final.pdf

https://thequantum.com/a-closer-look-at-bonds-versus-fixed-indexed-annuities/

https://markets.businessinsider.com/news/stocks/insurmark-announces-barclays-bank-and-yale-economist-robert-shiller-research-showing-fixed-indexed-annuity-with-cape-index-would-have-outperformed-bonds-1028505495

https://safemoney.com/blog/annuity/shaquille-oneals-strategy-why-annuities-are-essential/

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein.

Any annuity guarantees are backed by the financial strength and claims paying ability of the issuing insurance company and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Crediting methodologies can be complex and difficult to comprehend. You should make sure you understand the risks and rewards of any annuity before considering an investment.

Trek 25-249

May 15

0

Will Your Nest Egg Withstand Inflation and Market Volatility?

By Zach Abraham | Financial Planning, Investments, Retirement

It’s no secret that inflation is on the rise, impacting millions of Americans. Mix that in with on-again off-again tariffs, and it’s a good time to assess if your accumulated wealth is being managed in a way that will outlast inflation and a volatile market. It’s important to note that a financial plan is never supposed to be stagnant, it’s supposed to change as your situation and world economic conditions shift. But anxiety around the market and inflation is still very real, so how can we get ahead of it?

Remember, Nothing Stays the Same Forever

In early April, we saw massive swings in market sentiment as Trump teetered back and forth about tariffs. While we all hope to avoid increased inflation or, worse, a recession, we have to be strategic in how we face challenges in the market. This is a good time to remember that the markets are similar to us in the sense that nothing stays the same. The challenges you faced in your early 20s are not the same ones you have today. How long they took to resolve may vary, but they never stayed forever. Imagine if you followed your initial knee-jerk, emotional reaction to those challenges you faced when you were younger. Making decisions based on emotion, especially fear, rarely helps you reach your goals, and frankly, they can sabotage you from ever getting close to them.

So, going back to our current market situation, what can investors do right now? Well, depending on their specific situation, the answers vary.

If You’re Young, or You Have More Than 10-15 Years to Retirement¹

If you have a long time-horizon to retirement, you may want to consider waiting it out and potentially continue to invest. A financial principle called “dollar cost averaging” might apply to you, which in theory targets long-term growth by continuing to “buy” during both market lows as well as highs through the years.

See the chart below:

This chart shows that those who exit the market the day after every -2% market move or worse over a 25-year time period usually underperform those who remain fully invested. When you leave the market, you don’t just avoid future bad days, you also miss out on the future good days. Ultimately, missing even just a few of the market’s best days, or getting back into the market only after the market is already up, which can impact long-term returns. Because, remember, just like in life, nothing stays bad forever; good days will come again. The market is no different.

If You’re Older and Getting Close to Retirement

As you get closer to retirement, continuing to stay in volatile stock markets exposing all of your savings to stock market risk probably doesn’t make sense due to a financial principle called “sequence of returns risk.” With all things being equal, someone who retires during a down market can see their retirement savings drop precipitously for the long-term if they start withdrawing funds, versus someone who retires when markets are going up. This is a very important consideration at the very beginning of your retirement when your account balance is at its highest, but unfortunately, no one has a crystal ball. You probably need to rebalance in order to reduce portfolio risk.

Consider Rebalancing Your Portfolio

First, you’ll want to ensure your portfolio’s ratios of international stocks, large-cap and mid-cap, bonds, cash, and fixed options make sense in the current economic environment. Different asset classes have varying cycles of performance, which can help address inflation headwinds. But keep in mind that there are other ways you can de-risk your portfolio, especially as you head toward retirement.

Sometimes considered a separate asset class, in the last few years, annuity sales have risen as 10,000 people per day turn 65 in America. An annuity is a contract between an individual and an insurance company designed to provide a monthly stipend during retirement. Some annuities even provide retirement income that won’t run out no matter how long you live, guaranteed by the financial strength of the insurance company providing the annuity policy. There are many different types of annuities, contracts can be complex, they are illiquid, and there should always be other cash and investments to balance out your retirement plan even if you have an annuity or annuities. Furthermore, annuities are not right for everyone. It’s advisable to work with a financial professional to look at your overall plan, compare your options, and closely examine contract terms.

Other Personal Actions You Can Take To Manage Inflation

Additionally, to help make your dollar in your day-to-day life last longer, do a thorough review of your spending. This is the time to evaluate essential vs. discretionary expenses, for example, a mortgage versus a new car. This gives you a chance to identify unnecessary spending that you can cut back on. Most people are shocked by how much they were spending on things they did not need!

Some common expenses that are good to look at critically during this audit:

Takeout & Dining – Frequent restaurant visits, coffee runs, food delivery, and takeout orders.
Subscription Services – Streaming (Netflix, Hulu, HBO Max), music, gaming, news, and fitness apps.
Retail & Impulse Shopping – Clothing, accessories, home décor, and non-essential purchases.
Unused Memberships – Gym memberships, fitness classes, warehouse clubs, and subscription boxes.
Premium TV Packages – Expensive cable or satellite plans with unnecessary channels.
Frequent Travel – Weekend getaways, flights, hotels, and vacation entertainment costs.
Luxury & Self-Care – Salon visits, spa treatments, manicures, and pedicures.
High-End Brands – Designer clothing, accessories, and premium tech gadgets.
Hobby Expenses – Collectibles, gaming, crafting supplies, and other leisure-related purchases.
Tech Upgrades – Constantly replacing smartphones, tablets, and accessories with the latest models.
Costly Entertainment – Concerts, sporting events, amusement parks, and other high-ticket experiences.

Also, see if you can negotiate on those essential bills. While many essential bills are a fixed amount, some can be adjusted or reduced. You may be able to lower expenses for service contracts like internet or insurance. You may also be able to lower your credit card rates. While there’s no guarantee, it never hurts to call a service representative and see if you can get a better price for the things you have to pay for.

While dealing with inflation and market volatility is no one’s ideal situation, it doesn’t have to be a nightmare either. With a strategic approach, you can get through this stressful time and on to the other side! Do you need help getting your accumulated assets inflation-ready and putting a plan together to hedge against market risk? Call us today! You can reach Bulwark Capital Management in Tacoma, Washington at 253.509.0395.

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. Trek 25-216

Sources

https://www.kitces.com/blog/clearnomics-10-charts-recession-fears-tariff-risk-market-volatility-economy-investor-anxiety/

https://www.limra.com/en/newsroom/news-releases/2025/limra-2024-retail-annuity-sales-power-to-a-record-%24432.4-billion/

https://www.aarpinternational.org/initiatives/aging-readiness-competitiveness-arc/united-states

Apr 25

0

Financial Literacy Month. Breakdown of retirement accounts.

It’s Financial Literacy Month. How Much Do You Know About Retirement Accounts?

By Zach Abraham | Financial Literacy, Retirement

April is often known for spring cleaning, Easter, and Passover, but it’s also Financial Literacy Month. At its core, financial literacy refers to understanding and effectively being able to use various financial tools and strategies. So, in honor of the month, we’re offering a basic financial primer, with some quick definitions and simple breakdowns of common retirement accounts.

Background: The Decline of Pensions

During the rise of the industrial age, as workers migrated and began working for factories and other enterprises, they shifted away from farming and self-sufficiency and began relying on pensions to fund their retirement. Because these pension plans were managed by their employers who tended to take care of and provide for their loyal employees, workers were little involved in strategies or decision-making when it came to planning for their own retirements.
But times have changed. The first implementation of the 401(k) plan was in 1978, and since then, has gradually supplanted the pension for most American workers. According to a congressional report, between 1975 and 2019, the number of people actively participating in private-sector pension plans dwindled from 27 million to fewer than 13 million, although public employees sometimes still have them. 2

Today, most workers are responsible for funding their own retirement, which makes understanding and participating in retirement accounts vital.

401(k) Plans

A 401(k) is an employer-sponsored retirement savings plan. With the traditional 401(k), employees can contribute pre-tax income into their own account, selecting among the plan’s list of options which funds they want their money invested in. Many employers may even match employee contributions up to a certain percentage.

(NOTE: In the public sector, there are 403(b)s, 457s, the TSPs (Thrift Savings Plan), and many other retirement plans which work similarly to the 401(k), but may have slightly different rules.)

With a traditional pre-tax 401(k), the employee’s contributions can reduce their taxable income for the year, since the money is deducted from their paycheck. Once an employee reaches age 59-1/2, per the IRS they can start taking withdrawals without incurring penalties, depending on their employer’s 401(k) plan rules. Withdrawals from traditional 401(k) plans are subject to income tax, which means employees will owe taxes on the amount withdrawn. Additionally, 401(k) plans are subject to required minimum distributions (RMDs), which mean an employee must begin taking withdrawals from the account every year beginning at age 73.

Some employers also offer a Roth 401(k) option, which uses after-tax dollars. Although you must pay income taxes on the money you put into a Roth 401(k), including any employer Roth account matching amounts, a Roth option offers tax-free withdrawals in retirement as long as the account has been in place for five years or longer, no RMDs, and no taxes to your beneficiaries or heirs.

While the 401(k) can be a great way to save, it’s important to be mindful of how much you’re contributing, how your funds are invested, and what the tax ramifications of your decisions may be.

Social Security

Social Security is a part of many Americans’ retirement planning. It was created as a national old-age pension system funded by employer and employee contributions, although later it was expanded to cover minor children, widows, and people with disabilities.

Established in 1935, Social Security payments started for workers when they reached age 65—but keep in mind at that time, the average longevity for Americans was age 60 for men and age 64 for women. With people living much longer today, Social Security usually needs to be supplemented with your own personal savings and other retirement accounts.1,8

IRAs

Individual Retirement Accounts (IRAs) were created in the 1980s as a way for those without pensions or workplace retirement plans to save money for themselves for retirement in a tax-advantaged manner. While the tax treatment and contribution limits vary, the goal is to provide you with the means to build a retirement nest egg that can grow over time.

Types of IRAs:
• Traditional IRA: Allows for tax deductible contributions for some people, depending on their income level and whether they have a plan through their workplace. Any growth in a traditional IRA is tax-deferred, and you’ll pay taxes when you withdraw the money in retirement. Contributions are subject to annual limits, and penalties apply if funds are withdrawn before age 59 ½, with some exceptions. RMDs must be taken annually beginning at age 73 and ordinary income taxes are due on withdrawals.
• Roth IRA: Contributions to a Roth IRA are made with after tax income, meaning you don’t receive a tax deduction when you contribute. However, qualified withdrawals in retirement are tax free if the account has been held for at least five years and withdrawals occur after age 59 ½. This account may be suitable for individuals who anticipate being in a higher tax bracket during retirement. Roth IRAs are also tax free to those who inherit them if all IRS rules are followed.
• SEP IRA (Simplified Employee Pension) and SIMPLE IRA (Savings Incentive Match Plan for Employees): For self-employed individuals and small business owners, a SEP IRA or SIMPLE IRA plan can allow for higher contribution limits for both themselves and/or their employees. Under the SECURE 2.0 Act, Roth contributions are now permitted in both SEP IRAs and SIMPLE IRAs if elected by the employer. These are made with after-tax dollars and follow Roth taxation rules for withdrawals.

Annuities

Annuities are insurance products designed to convert your savings into a stream of income, particularly during retirement. When you purchase an annuity, you exchange a lump sum or series of payments for periodic income. This income can be for a set term or the rest of your life, which functions similarly to a personal pension. (Guarantees are provided by the financial strength of the insurance company providing your annuity contract.)

Annuities can be funded with either pre-tax (qualified) or after-tax (non-qualified) dollars. They may be purchased with a single lump sum – such as funds rolled over from a 401(k). Alternatively, they may be funded through ongoing contributions – in the case of deferred annuities.

While annuities can provide predictable income, they may also involve fees, surrender charges, and tax implications that may not be suitable for everyone. It’s important to understand how each type of annuity works and to consult with a financial professional before purchasing.

Types of Annuities:
• Fixed Annuity: A contract offering a fixed interest rate for a set period of time.
• Fixed Indexed Annuity (FIA): A contract offering principal protection and the potential for growth based on the performance of a market index – such as the S&P 500. While the account value is not directly invested in the market, interest is credited based on a formula tied to index performance, subject to caps, participation rates, and spreads. (Guarantees are provided by the financial strength of the insurance company providing your annuity contract.)
• Variable Annuity: A contract where the value and income payments fluctuate based on the performance of investments chosen within the annuity. The choice of investment subaccounts, like mutual funds, can increase or lose value based on market performance.
• Registered Index-Linked Annuity (RILA): RILAs offer the opportunity for market-based growth with some downside protection. Unlike fixed indexed annuities, RILAs are registered securities products that allow for limited losses and limited gains based on index performance and contract terms. These products carry risk and are not suitable for all investors.

Life Insurance

Life insurance can provide financial protection for your loved ones by offering a death benefit paid to a beneficiary upon your passing. Policies vary widely, but they generally aim to replace lost income, cover debts, or fund future expenses. Some policies, like permanent life insurance, can also build cash value over time, which can be borrowed for various needs, including retirement income.

It’s important to work with your financial advisor to find the right policy for your needs, and remember, medical underwriting may be required.

Types of Life Insurance
• Term Insurance: Provides a death benefit if the insured passes away within a specified term (e.g., 1, 2, 10, 15, or 30 years). Premiums are typically level for a certain period but may increase with age. Once the term expires, the policy ends.
• Whole Life: A permanent policy with fixed premiums and cash value accumulation that grows at a tax-deferred rate set by the insurance company. Policyholders can borrow against the cash value; however, loans will accrue interest and reduce the benefit if not repaid.
• Universal Life: Offers flexibility in premium payments and death benefit amounts – subject to underwriting and contract limits. It accumulates cash value based on the credited interest rate set by the insurer. Indexed Universal Life (IUL) is a type of universal life where credited interest is tied to a market index -such as the S&P 500. The IUL policy is not directly invested in the market and typically includes a cap rate, floor, or participation rate – offering growth potential with downside protection.
• Variable Life: Comes in two forms—variable and variable universal life. Both variable life insurance (VL) and variable universal life (VUL) insurance are permanent coverage that allocate cash value to market investment subaccounts which can lose value, but with variable life, there is a fixed death benefit, while with VUL, there is a flexible death benefit and adjustable premium payment amounts.

Whether you’re just starting to think about retirement or are near retirement age, it’s never too late to learn more, or take action to create your own personal retirement plan. If you’re unsure about your retirement options or would like assistance planning for your financial future, please reach out to us! You can reach Bulwark Capital Management in Tacoma, Washington at 253.509.0395.

Sources:
1. https://en.wikipedia.org/wiki/401(k)#
2. https://www.usatoday.com/story/money/2024/03/19/pensions-are-popular-why-dont-more-americans-have-them/72968970007/
3. https://www.schwab.com/ira/traditional-ira/withdrawal-rules?msockid=29dc569f2e1f64ea0d3c46022fac6511
4. https://u.demog.berkeley.edu/~andrew/1918/figure2.html
5. https://home.treasury.gov/system/files/131/WP-91.pdf
6. https://www.indeed.com/career-advice/career-development/financial-litteracy
7. https://www.investopedia.com/guide-to-financial-literacy-4800530
8. https://www.ssa.gov/history/age65.html

This document is for informational purposes only. All information is assumed to be correct but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The information presented should not be used in making any investment decisions. It is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses.

Any annuity guarantees are backed by the financial strength and claims paying ability of the issuing insurance company and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Crediting methodologies can be complex and difficult to comprehend. You should make sure you understand the risks and rewards of any annuity before considering an investment.

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein. Trek 25-205.

Mar 31

0

Wealth Planning Ahead of Inflation

By Zach Abraham | Financial Planning, Inflation Risk

It’s no secret that inflation is on the rise, impacting millions of Americans. Mix that in with ongoing tariffs, it’s a good time to assess if your current wealth plan is ready to tackle inflation. It’s important to note that a financial plan is never supposed to be stagnant, it’s supposed to change as your situation and the situation of the world shift. But anxiety around inflation is still very real, so how can we get ahead of it?

Portfolio Rebalancing

At Bulwark Capital Management, we use a cost, risk and growth decision-making process when developing investment plans in tandem with our clients’ risk tolerance, investment objectives, investment preferences, and time horizons. A strategic portfolio management approach helps our clients’ plans adapt to changing market conditions.

With inflation on the rise, you may want to look at further diversifying your portfolio, making sure the portfolio’s ratios of international stocks, large-cap and mid-cap, bonds, cash, and fixed options make sense in the current economic environment. Different asset classes have varying cycles of performance which can help address inflation headwinds. This is why we encourage our clients to keep a diverse portfolio. By investing in multiple classes, the overall investment returns can be more stable and less susceptible to adverse movements in any one class.

Personal Actions You Can Take

Additionally, to help make your dollar in your day-to-day life last longer, do a thorough review of your spending. This is the time to evaluate essential vs. discretionary expenses, for example, a mortgage versus a new car. This gives you a chance to identify unnecessary spending that you can cut back on. Most people are shocked by how much they were spending on things they did not need!

Some common expenses that are good to look at critically during this audit:

Takeout & Dining – Frequent restaurant visits, coffee runs, food delivery, and takeout orders.
Subscription Services – Streaming (Netflix, Hulu, HBO Max), music, gaming, news, and fitness apps.
Retail & Impulse Shopping – Clothing, accessories, home décor, and non-essential purchases.
Unused Memberships – Gym memberships, fitness classes, warehouse clubs, and subscription boxes.
Premium TV Packages – Expensive cable or satellite plans with unnecessary channels.
Frequent Travel – Weekend getaways, flights, hotels, and vacation entertainment costs.
Luxury & Self-Care – Salon visits, spa treatments, manicures, and pedicures.
High-End Brands – Designer clothing, accessories, and premium tech gadgets.
Hobby Expenses – Collectibles, gaming, crafting supplies, and other leisure-related purchases.
Tech Upgrades – Constantly replacing smartphones, tablets, and accessories with the latest models.
Costly Entertainment – Concerts, sporting events, amusement parks, and other high-ticket experiences.

Also, see if you can negotiate on those essential bills. While many essential bills are a fixed amount, some can be adjusted or reduced. You may be able to lower expenses for service contracts like internet or insurance. You may also be able to lower your credit card rates. While there’s no guarantee, it never hurts to call a service representative and see if you can get a better price for the things you have to pay for.

While dealing with inflation is no investor’s dream, it doesn’t have to be a nightmare either. With a strategic approach and willingness to adapt your life and portfolio to market conditions, you can get through this time and on to the other side!

Do you need help getting your wealth plan inflation-ready? Call us today! You can reach Bulwark Capital Management in Tacoma, Washington at 253.509.0395.

This document is for informational purposes only. All information is assumed to be correct but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The information presented should not be used in making any investment decisions. It is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses.

Investment Advisory Services offered through Trek Financial LLC, an investment adviser registered with the Securities Exchange Commission. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed, and past performance is no guarantee of future results. For specific tax advice on any strategy, consult with a qualified tax professional before implementing any strategy discussed herein.

Trek 25-185.

Zach Abraham

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