Budgeting – The Wealth Stream Podcast

Navigating The Dreaded Tax Season (Ep. 105)

By thewealthstreampodcast | April 12, 2023

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There’s no escaping the dreaded tax season, so you might as well learn how to navigate it efficiently!

In this episode, Tim Scannell discusses some of the ways he helps people minimize their taxes during tax season. This includes tax loss harvesting, staying up to date with tax law changes, and so many more of Hightower’s wealth enhancement strategies!

Tim discusses:

How you can apply our wealth enhancement strategies during tax season
How to enhance your tax loss harvesting strategies
Transferring funds, real estate, and investments down to the next generation using current gift tax laws
Tax law changes coming or already in place for 2023
And more

Resources:

Wealth Stream Podcast: 5 Strategies for Identifying Replacements for Business Owners Ep. 104

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Tackling Your Family’s Year-End Financial Plan Part 2 (Ep. 103)

By thewealthstreampodcast | March 8, 2023

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Are you looking for ways to ensure financial stability for yourself and your family in the upcoming year?

Now that we have discussed how to create a year-end financial plan for your business, it’s time to discuss how to make a plan for you as an individual!

In this episode, Tim Scannell highlights practical strategies for setting you and your family up for success as you enter into the new year. He covers the latest developments in the financial industry and their potential effects on decision-making, offers insight into current trends, and shares news updates to help you stay informed and make strategic financial decisions.

Tim discusses:

What to financially consider before switching your job position
How to get a better grasp on if you are in a good financial position for your age
What you should be looking for in an employer as a new graduate
Why the IRS makes most charitable contributions not deductible
And more

Resources:

Wealth Stream Podcast: Tackling Your Year-End Financial Plan Part 1 – Ep. 102

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Tackling Your Year-End Financial Plan Part 1 (Ep. 102)

By thewealthstreampodcast | February 17, 2023

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2022 has come to a close, meaning Hightower Great Lakes has received many calls about end-of-the-year financial planning.

So what is a year-end plan and how can you create one for your business?

In this episode, Tim Scannell discusses some financial tips you should use at the end of each year and how they can help you make more informed decisions for your retirement.

Tim discusses:

Some of the key features of the SECURE Act
Law changes that can impact business owners
Why 401K auto-enrollment was eliminated for many employees
What some employers are doing to help their employees help pay off their student loan debt
And more

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Episode 64 – Can You Afford a Pet? – With Samantha Pietruszynski

By thewealthstreampodcast | May 19, 2021

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Have you heard of the “pandemic puppy?” The pet adoption rates saw a sharp spike during COVID-19. After all, a furry friend would make the lockdown less lonely, right?

But – owning a pet comes with several financial responsibilities!

In this episode, Samantha Pietruszynski, an associate wealth advisor at Hightower Great Lakes, helps you navigate through life as a pet owner. Samantha shares her own experience in raising two pets, a cat and a dog, and discusses some of the major costs involved, both upfront and ongoing. She also provides several tips to help you budget for these costs so that you can make sure your pet gets everything it needs!

You will learn:

Why Samantha is a big fan of adoption vs. buying from a breeder
The importance of obedience training to avoid long-term behavioral issues
How subscription services significantly cut down your ongoing costs like food and toys
Ways to ensure that your pet gets a healthy amount of social interaction
Reasons to get pet insurance as early as possible
And more!

Tune in to better understand the financial implications of owning a pet!