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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

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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

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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 

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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

 

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What separates the rich from the not-so-rich? 

In this episode, Tim Scannell uncovers the answers by sharing four major things the super-rich do to manage, grow, and protect their wealth. He also shares how the HighTower Great Lakes team helps their clients address the primary concerns that inspire these four habits.

In this episode, you will learn:

• About the five concerns that people tend to have about their wealth 
• What the HighTower Great Lakes team does to help clients address these concerns
• How the super-rich go about finding and working with top experts 
• What it means to work with advisors that focus on the human element 
• The importance of paying attention and knowing what you’re agreeing to
• And more!

Tune in now and learn how to start managing your wealth like the super-rich!

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

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Protecting client data is of great importance to the HighTower Great Lakes team. That’s why they’ve enlisted Sarah Khan to help protect clients and advisors from digital threats.

Today, Tim Scannell is joined by Sarah, HighTower’s chief information and security officer, to explore how she works behind the scenes to protect clients. Sarah also shares steps you can take today to keep yourself and your information safe.

In this episode, you’ll learn:

• About Sarah’s role at HighTower Great Lakes and how it benefits clients
• How Sarah and her team ensure that clients’ information is kept safe
• The value in using two-factor authentication
• Sarah’s tips and tricks for protecting your data from hackers
• And more!

Join Tim and Sarah now for an information-packed episode on how you can stay safe with cybersecurity!

Resources:  HighTower Great Lakes

 

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HighTower Great Lakes has a highly certified and diverse team of professionals — including Steve Billimack.

When serving high-net-worth clients, the core of HighTower Great Lakes’ planning always boils down to investment consulting. As someone who focuses the most on the investment process, Steve joins Tim Scannell today to discuss what he does and what he brings to the table for clients.

In this episode, you’ll learn:

• About Steve’s background with compliance and research 
• How he applies his experience to his everyday work with clients
• What Steve hears clients say they love most about HighTower’s planning process
• How Steve protects clients from a compliance and due diligence standpoint
• About the client-niche that Steve serves and how planning for them is different
• What Steve’s hobby is when he’s not working with clients
• And more!

Listen now to learn about Steve Billimack and get an inside look at the investment process!

Resources:  HighTower Great Lakes | Contact Steve: 312-962-3826 

| stevebillimack@hightoweradvisors.com

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Are you looking for a way to ease your tax bill and attract employees to your company? 

In this episode, Tim Scannell interviews special guest Mary Stines of Crowe LLP. Mary uses her immense knowledge of taxation and years of experience to answer all of your questions about cash balance plans (CBPs). She even provides highlights from a real-life example of how a company has benefitted from this type of plan.

In this episode, you will learn:

• What a cash balance plan is
• Whether a CBP will work with your current 401(k) plan
• Whether there are restrictions or limits for CBP contributions
• As a company owner, what you need to be aware of regarding CBP
• And more!

Tune in now and learn about cash balance plans — their benefits to you may be worth more than you know.

Resources:   HighTower Great Lakes: (219) 246-5370 | Mary Stines: (574) 239-7824