Month: April 2020

Episode 34 – 10 Questions Every Business Owner Should Be Asking

Episode 34 – 10 Questions Every Business Owner Should Be Asking

What is your plan for retirement? Will you lock the doors and close your business on your last day? Have you considered a successor to carry on your legacy?

In this episode, Tim Scannell takes us through the top 10 questions as a business owner; your financial team should be asking you, especially as you move closer to retirement. You need to surround yourself with the right team that through advanced planning will ensure you get the most out of your years of blood sweat and tears from building your business.

In this episode, you will learn:

  • How to address things like wealth enhancement, wealth transfer, wealth protection and charitable giving
  • It is never too early to start thinking about your exit strategy
  • Do you know the actual value of your business
  • And more!

Tune in and learn what steps you can take to make sure you are taking a good look at your business and succession planning!

Resources:   HighTower Great Lakes: (219) 246-5370

Episode 33 – Review Your Accounts The SECURE Act is Now Law!

Episode 33 – Review Your Accounts The SECURE Act is Now Law!

Have you considered what kind of impact the SECURE Act is having on your current financial plan?

In this episode, Tim Scannell discusses specific areas of the newly approved SECURE Act that may affect you and your portfolio. This is a timely and informative conversation that addresses four areas of concern: wealth enhancement, wealth transfer, wealth protection, and charitable giving. 

In this episode, you will learn:

  • What the new requirements are for heirs of inherited IRAs
  • How and why a Roth may protect your wealth
  • Why Tim is focused on reviewings plans that involve dependents with special needs 
  • What’s new for 529 plan contributors
  • And more!

Tune in for expert guidance on what actions to take in light of the changes brought on by the SECURE Act. 

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

 

C11 case number 9433310

Episode 32 – Answering the Top Questions About Advanced Planning for Your Estate — With John Wiktor

Episode 32 – Answering the Top Questions About Advanced Planning for Your Estate — With John Wiktor

When you eventually pass on your estate to the next generation, do you know if your loved ones will be protected from creditors? 

In this episode, Tim Scannell is joined by John Wiktor from HMB Legal Counsel to answer the most common questions about advanced planning for estates. Together, Tim and John share experiences and examples from the client accounts they mutually work on.

In this episode, you will learn:

  • What the threshold for the “death tax” is
  • How to make your asset transfer more meaningful
  • What to consider before moving to a no-income-tax state 
  • The importance of having creditor protection
  • What the big advantage is to giving your kids money through a trust rather than as an outright gift
  • And more!

Tune in now to get the answers you’ve been looking for about advanced planning for your estate. 

Resources:  HighTower Great Lakes: (219) 246-5370 | John Wiktor’s Email | John Wiktor: (312) 242-3305

C11 number 9373206