Retirement – Page 2 – The Wealth Stream Podcast

Avoiding The Common Mistakes People Make After Receiving A Raise With Samantha Pietruszynski PT. 2 (Ep. 98)

By thewealthstreampodcast | November 9, 2022

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Salary increases are great, but not increasing your savings after one could be hurting you.

So what are some of the steps you should take after receiving a raise?

This is part two of our two-part episode with Samantha Pietruszynski! Samantha discusses the importance of reallocating your money once you receive a raise so you can look forward to a fulfilling retirement experience!

Samantha discusses:

How to get to your financial ‘freedom point’ faster
How to allocate your finances after you receive a raise or an influx in income
How to avoid the common mistake of spending more just because you make more
Some personal stories about how she has fell victim to the “make more, spend more” cycle
And more

Resources:

Benchstrength Coaching

Connect With Tim Scannell:

Connect With Samantha Pietruszynski:

LinkedIn: Samantha Pietruszynski
Call Samantha: 219-246-5709
Email Samantha: spietruszynski@hightoweradvisors.com

About Our Guest:

Samantha earned her Bachelor of the Arts degree in Finance and Accounting from the Francis J. Noonan School of Business at Loras College and was a member of the Loras College Advisory council for their Financial Planning Program. She is a CERTIFIED FINANCIAL PLANNER™ practitioner and also holds her Series 7, 66, life & health insurance licenses.

She is originally from Mokena, IL. She is a sports enthusiast and enjoys playing tennis. When she is not cheering on my favorite sports team, the Chicago Bulls, she enjoys spending time with her black cat, Mr. Binx, and her dog, Remington (Remi).

How to Minimize Taxes In Your Retirement With Samantha Pietruszynski Part 1 (Ep. 97)

By thewealthstreampodcast | October 26, 2022

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You’ve worked hard to create the retirement of your dreams, but if you don’t know the right strategies to minimize your taxes in retirement, you might not be as well-off as you think.

So, how can you maximize the amount of money you keep in retirement?

In this episode, fellow Financial Advisor at Hightower, Samantha Pietruszynski, is on the show to explain some of the ways you can maximize your wealth in retirement through tax loss harvesting.

Samantha discusses:

Year-end estate planning and how you can make it a top priority during the holiday season
Some strategies around tax loss harvesting/minimizing taxes in retirement
What questions you should be asking your advisor about maximizing your wealth in retirement
How to consider Medicare insurance in your financial plan
And more

Resources:

Benchstrength Coaching

Connect With Tim Scannell:

tscannell@scannellwealth.com
Hightower Great Lakes
LinkedIn: Tim Scannell
Twitter: Tim Scannell
(219) 531-4941

Connect With Samantha Pietruszynski:

LinkedIn: Samantha Pietruszynski
Call Samantha: 219-246-5709
Email Samantha: spietruszynski@hightoweradvisors.com

About Our Guest:

Samantha Pietruszynski is a Wealth Advisor at Hightower Great Lakes, where she positively impacts clients and their families both emotionally and financially by putting personalized plans in place to promote security. She helps clients feel empowered with the financial confidence and resources they need to achieve financial independence.
Samantha earned her Bachelor of the Arts degree in Finance and Accounting from the Francis J. Noonan School of Business at Loras College and was a member of the Loras College Advisory council for their Financial Planning Program. She is a CERTIFIED FINANCIAL PLANNER™ practitioner and also holds her Series 7, 66, life & health insurance licenses.

Women Rising: A Chat with Dawn Rowley about Women Empowerment (Ep. 96)

By thewealthstreampodcast | September 14, 2022

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Being empowered as a woman in the male dominated financial industry is easier said than done.

In this episode Tim Scannell chats with coaching leader Dawn Rowley, CoFounder of BenchStrength Coaching and Women Rising. They discuss “Women Rising ” a program created to help women recognize and achieve their highest potential and pursue higher levels of leadership.

He also brings on his colleague, Samantha Pietruszynski, who shares the reasons she chose Women Rising as her next venture and how she aims to gain more confidence and self-awareness through the program.

Dawn discusses::

About the “Women Rising” program and how it aims to empower women by building their confidence in male-dominated industries
How female advisors can achieve greater success by learning how to leverage strengths and overcome habits that may interfere with their influence
Why her passion inspired her to start Women Rising and how it helps women see themselves in higher levels of leadership

Resources:

Benchstrength Coaching

Connect With Dawn Rowley:

Connect With Samantha Pietruszynski:

Samantha Pietruszynski
(219) 246-5370

Connect With Tim Scannell:

tscannell@scannellwealth.com
Hightower Great Lakes
LinkedIn: Tim Scannell
Twitter: Tim Scannell
(219) 531-4941

About Our Guest:

Dawn Rowley is a leadership coach who works with successful executives and high potential leaders who want to improve their practice of leadership. As co-founder of Women Rising, she is a coaching leader helping women recognize and achieve their highest potential.

She is also the co-founder of BenchStrength Coaching, working with organizations who want to build stronger, more diverse talent pipelines.

Becoming A Lifelong Learner with Gina S. (Ep.94)

By thewealthstreampodcast | August 17, 2022

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Everybody has a reason for why they are in the field they are in.

What’s yours?

In this episode, fellow Hightower employee Gina S. discusses the journey that shaped her and her skills into the professional that she is today and how you can strengthen your abilities in your profession as well.

Gina discusses:

How college helped her discover her strengths and prepared her career
What she would tell her high school self
How sociology courses greatly enhance the skills of future business administrators
How she recognizes her weaknesses in the workplace and how she is strengthening them
And more

Resources:

Wealth Stream Podcast: Discovering Your Money Personality (EP. 93)

Connect With Tim Scannell:

Connect With Gina S.

LinkedIn: Gina S.

About Our Guest:

Experienced Marketing Manager with a demonstrated history of working in the marketing and advertising industry. Skilled in Search Engine Optimization (SEO), Information Systems, Teamwork, Search Engine Marketing (SEM), and Web Content Creation. Strong operations professional with a Master of Science focused in Information Systems, Co-Concentrations in Enterprise Risk Management and Business Intelligence from Indiana University Bloomington.

Discovering Your Money Personality (EP. 93)

By thewealthstreampodcast | August 3, 2022

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Everyone handles their money differently and everyone has different priorities with their money.

These are called “money personalities”.

In this episode, Tim Scannell discusses how to discover and focus on what is important to you with your money by highlighting the different money personalities he has worked with in his career.

Tim discusses:

Money personalities – how to focus on what is important to you about money
What questions he asks people to discover what money personality they possess
How he helps people identify what they can and cannot control within their finances
The power of focus and how it affects your success when working with a financial advisor
And more

Resources:

Previous Episode: So You Want To Be a Consultant? (Ep.92)

Connect With Tim Scannell:

10 Questions Every Business Owner Should Think About (Ep. 83)

By thewealthstreampodcast | February 23, 2022

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As a business owner, there are plenty of things you need to keep in mind to run your business smoothly. As a result, your exit plan can often go untouched.

However, it is important to think about your exit strategy well before you plan to leave.

In this episode, Tim Scannell lists 10 things that you should start thinking about so that when it comes time to retire, the transition of your business will run smoothly.

Tim discusses:

Why you should understand what your involvement in your business will look like once you retire
The importance of thinking about the obstacles you might encounter when you exit your business
Assessing the value of your business and why it is key to do that before you leave
Thinking about your greatest challenge when you leave your business
And more

Resources:

Connect With Tim Scannell:

What To Do When You Hit Your Freedom Point (Ep.82)

By thewealthstreampodcast | February 9, 2022

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We all have a freedom point, and for each of us, that point is different.

The freedom point of one person is completely different from the freedom point of another.

In this episode, Tim Scannell speaks about what he means when he says ‘freedom point’ and why it is important in retirement. Tim helps you understand why knowing your freedom point is important and some things that you might want to consider when you reach this point.

Tim discusses:

How to understand what your freedom point is before you reach it
Selling part of your business to an investor when you reach your freedom point
What to expect if you sell a majority of your business at your freedom point
Earn out as an option when you reach your freedom point
And more

Connect With Tim Scannell:

72. It’s Never Too Early To Build Your Business’s Succession Plan

By thewealthstreampodcast | September 8, 2021

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Are you busy serving clients, managing operations, and growing your business?

It’s time for you to take a step back and think about your exit strategy—even if it’s still years away.

In this episode, Tim Scannell discusses why it is never too early to start your succession planning. Using a detailed client example, Tim explains ways to ensure a fair wealth distribution to all of your successors, and how you can optimize the cash flow for your own dream retirement.

Tim discusses:

How Hightower Great Lakes’ Pathfinder helps you transition to a work optional lifestyle
Tips for dealing with the emotional elements of succession planning
Important topics you must discuss with your family before your exit business
Strategies that enable you to exit on your terms, and with confidence
And more

Connect With Tim Scannell:

Episode 66 – How To Secure Your Financial Future as a Young Person – With Justin McCurdy

By thewealthstreampodcast | June 16, 2021

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Financial planning is important, no matter what stage of life you are in.

So as a youth who has just begun accumulating wealth, what are some key financial decisions you need to think about?

In this episode, Tim Scannell and Justin McCurdy, associate wealth advisor at Hightower Great Lakes, answer this question. Going through the investment management and advanced planning process, Tim and Justin address the challenges that the next generation might face in managing their finances, and how to deal with them.

You will learn:

Risk management strategies to suit your unique investment goals
The importance of early estate planning to make things easier for your beneficiaries
Ways to keep all your financial documents secure and organized
Questions you can ask advisors to see if they are the right fit for you
And more!

Tune in now to learn wealth management strategies to secure your financial future as a youth!

Episode 44 – Seven Steps of Exit Planning Part 2

By thewealthstreampodcast | July 22, 2020

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Once you understand the value of your business and your goals for the future – how do you sell your business?

In part two of this mini-series, Tim Scannell continues his seven steps of exit planning. He discusses the steps to selling your business once you understand its value and your goals. Tim reveals the taxes added when selling internally and factors you should review when looking at an external sale.

In this episode, you will learn:

The importance of understanding your business’s value
Factors to consider when selling externally
How selling internally is taxed
The importance of contingencies for the business and the owner
And more!

Tune in now to discover the steps you should take when preparing to sell your business!

Resources: HighTower Great Lakes | Episode 43