Month: March 2020

Episode 31 – How to Be Tax-Efficient With Your Charitable Giving

Episode 31 – How to Be Tax-Efficient With Your Charitable Giving

Are you hoping to give more to your favorite charities and save money in taxes at the same time?

In this episode, Tim Scannell uncovers strategies that may allow you and the recipients of your generosity to get the best bang for the buck. Contributing straight from your required minimum distribution (RMD) or even donating an asset are just two of the many options that you will hear about in this informative episode.

In this episode, you will learn:

  • About one of the most tax-efficient strategies you can do
  • How to use appreciated stock to avoid capital gains tax
  • At what age you can start making donations from your RMD
  • What features and tax strategies donor-advised funds offer
  • And more!

Tune in to learn tax-efficient strategies for your charitable giving. Think before you write that check!

Resources: HighTower Great Lakes: (219) 246-5370 | 5 Wealth Management Challenges Facing Construction Industry Family-Owned Businesses 

Episode 30 – Exploring the Top Concerns of Commercial-Industry Business Owners

Episode 30 – Exploring the Top Concerns of Commercial-Industry Business Owners

Tim Scannell’s clients generally have five primary concerns around wealth preservation, wealth enhancement, wealth protection, charitable giving, and transferring wealth. As it turns out, business owners in the commercial industry are no exception. 

In this episode, Tim Scannell shares the takeaways from his study that identifies the biggest concerns of family business owners in the commercial industry. In addition to interviewing the owners, Tim captures the perspective of children who work in these businesses as well as CPAs and an attorney. This conversation will give you insight into how these individuals are thinking about finances, what challenges they’re having, and what you can learn from them. 

In this episode, you will learn:

  • About the rapidly changing aspects of the construction industry
  • How changes in technology are shifting how business is done
  • How to take advantage of CEO groups
  • What “role drift” is
  • The importance of working ON the business as well as IN the business
  • And more!

Tune in to hear the takeaways from Tim’s study about the biggest concerns of business owners in the commercial industry.  

Resources:  HighTower Great Lakes: (219) 246-5370 | White paper