Optimizing Your Financial World

Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale. On the latest episode of Optimizing Your Financial World, we’re looking at four ways business owners who sell their companies might mitigate taxes. Let’s dive in! Chapters: 0:00 - Introduction and overview o...

If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s a good idea to consider which type of buyer is the right one for you and your company. On the latest installment of Optimizing Your Financial World, we’re exploring&nbs...

Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly. On the latest episode of Optimizing Your Financial World, we’re examining some of the big mistakes that retirees tend to make along with potential solutions and, even better, ways to avoid making them in the first place. Chapters: 0:00 - Introduction a...

We all have financial concerns of some sort or another. On the latest episode of Optimizing Your Financial World, we're taking a closer look at some of the key concerns shared by many affluent individuals and families today. How many of these concerns are on your own list of issues to address? Chapters: 0:00 - Introduction and overview on the topic of the day 1:35 - Managing your wealth is like ma...

We can be blindsided at any time by bad news. Perhaps it's a death, a job loss, or a natural disaster? Either way, these difficult life events make it hard to know whether we’re still on solid financial ground. In the latest installment of Optimizing Your Financial World, we’re taking a closer look at smart ways to regain much-needed clarity if you’re faced with major uncertainty, as well as steps...

Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum. On the latest installment of Optimizing Your Financial World, we’re looking at whether family banks could be a smart move for you! Chapters: 0:00 - Introduction and overview on the topic of the day 1:23 - What is a Fami...

On the latest installment of Optimizing Your Financial World, we're discussing how you can become a savvy negotiator, which is a skill that comes in handy both professionally and personally. Highly successful self-made multimillionaires, high-caliber professionals and other high achievers are typically extremely successful negotiators. On this episode, we explore what they say and do get what they...

One of the smartest financial moves that individuals and families can make is to learn what strategies are being used by people who are wealthier than they are. Primarily, this is done to see if they could benefit by adopting those same habits and best practices. On the latest episode of Optimizing Your Financial World, we're discussing one extremely valuable tool that the wealthy regularly use ca...

Believe it or not, it’s not always easy to inherit significant wealth. Many inheritors feel tremendous pressure to prove that they deserve the money and that pressure can lead to great things or big problems, depending on how well they navigate the situation. On the latest episode of Optimizing Your Financial World, we’ll explore ways that inheritors can feel more validated and comfortable with we...

We all have various personality traits. Some of us are introverts while others are extroverts, for example. But did you know you also have a wealth personality and that it can have a big impact as you pursue your financial goals? On the latest episode of Optimizing Your Financial World, we’re examining the topic of high net worth personalities — how to identify yours, and how you can put it to wor...

We all know people purchase life insurance for a lot of reasons and the most common being to take care of their loved ones. Still others might use life insurance to maximize income or to address business concerns. But on the latest episode of Optimizing Your Financial World, we’re going to examine a purpose for life insurance that many people aren’t aware of: Using life insurance for philanthropic...

There’s no shortage of goals that we want to achieve for ourselves, our loved ones, and even our communities. But defining meaningful goals and pursuing them intelligently is a big challenge for many of us. On the latest installment of Optimizing Your Financial World, we’re looking at some ways we can develop a clear vision for our lives, translate that vision into actionable objectives, and go af...

The bad financial decisions you avoid can be just as important as the good financial moves you make. And while no one is perfect, highly successful people and families tend to avoid major slip ups. Today, we’re going to explore some wealth-destroying mistakes that highly successful people do a good job of sidestepping and how you can take a page from their playbook. Timecodes: 0:06 - Introduction...

There is an important question that business owners should be asking themselves: How confident are you that your business planning efforts are on track to get you the results you want and need? Unfortunately, many business and wealth plans aren’t fully aligned with their owners’ goals. On the latest episode of Optimizing Your Financial World, we examine how a business stress test can help entrepre...

As we age, many of us will experience cognitive decline. It could be minor, but perhaps major. On the latest installment of Optimizing Your Financial World, we’re looking at some ways to potentially safeguard your assets from wealth-destroying mental money mistakes before that time comes. Here’s a look at how to do it! Timecodes: 0:06 - Introduction and overview on the topic of the day 1:55 - We l...

While divorce rates in the U.S. have generally been falling for some time, the sad fact is that many marriages don’t work out. On the latest episode of Optimizing Your Financial World, we’re examining ideas and options for protecting financial assets in the event that a marriage, yours or that of a loved one, ends in divorce. Timecodes: 0:06 - Introduction and overview on the topic of the day 1:33...

Family conflicts can wreak havoc on a family-run business, especially when it comes time to transfer ownership of the company from one generation to the next! On the latest installment of Optimizing Your Financial World, Mark and Ryan examine a well-designed succession plan can reduce that risk and help facilitate a transfer that leaves everyone in the family satisfied. Timecodes: 0:06 - Introduct...

On the latest installment of Optimizing Your Financial World, we're examining the challenges that many parents face: raising a child with special needs. There are a number of financial planning strategies and solutions that can help parents navigate a path through the financial uncertainty that comes with raising a child with special needs. Let's dive into the tools at our disposal and how we can...

We’re living longer than ever these days, which means our wealth may need to see us through what could be an extremely lengthy retirement. Did you initially plan for that? On the latest episode of Optimizing Your Financial World, we explore how an increasingly important aspect of wealth management, known as longevity planning, can potentially help position our finances for the long haul. We'll div...

When advisors truly know their clients, as people and not just as numbers on paper, they can better help them achieve financial and other goals. On the latest episode of Optimizing Your Financial World, we're exploring what client-centric advisors do to bring real value to their clients' lives, as well as how you can determine if your current advisor is truly client-centric. Sit back, relax, and e...

If you are like many business owners, you’re looking out for more than just the financial health of your company. You also want to take care of your family and loved ones by providing for them and setting them up for rewarding lives of their own. In the latest installment of Optimizing Your Financial World, we're exploring how proactive estate planning can help you pursue those goals. Sit back, re...

When it comes to managing wealth, it's pretty rare to stumble into success. We find the most successful individuals and families employ a specific process that's designed to anticipate the challenges they'll face and achieve the outcomes they desire most. On the latest installment of Optimizing Your Financial World, we're exploring what some advisors call the Virtuous Cycle and how you can use it...

Being wealthy and successful is great in many ways, but it can put a target on your back for frivolous lawsuits. Asset protection planning can be a great tool to help safeguard your wealth overall. On the latest installment of Optimizing Your Financial World, we're taking a deep dive into various asset protection strategies to help you build a wall around your wealth. Mark will describe specific s...

Any wealth manager you consider working with, or are already working with, should possess three key characteristics. No if, ands, or buts about it. On the season two premiere of Optimizing Your Financial World, Mark and Ryan return with another great wealth management conversation that puts you at the heart of it. In this episode, they'll explore these three characteristics and offer strategies fo...

Affluent families and individuals often have so many things on their plate, that it's easy to overlook issues with one of their largest assets: their homes. And since our homes are important to our financial security, as well as our personal sense of stability with everything going on in the world right now, we need to make sure we're taking the proper precautions to mitigate any levels of risk. I...