Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.
Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.
Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it's not about how many assets you have or how much income you create, it's about how much you get to keep!
So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.
Optimizing Your Financial World - Episode 36 (Four Ways to Ease the Tax Bite When Selling Your Business)
Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.
On the latest episode of Optimizing Your Financial World, we’re looking at four ways business owners who sell their companies might mitigate taxes. Let’s dive in!
Chapters:
0:00 - Introduction and overview on the topic of the day
1:23 - Tax-related issues are top-of-mind concerns for business owners
2:51 - Transferring your assets regularly over time
4:35 - Selling your business through an installment sale approach
5:51 - The risks associated with an installment sale approach
7:58 - Opportunity Zones and how a business owner can leverage these when selling a business
9:52 - Charitable remainder trusts can be a great solution
11:47 - Addressing the income component with a charitable remainder trust
13:33 - Which of these strategies makes the most sense for you?
15:10 - How to get in touch with Mark and his team to discuss this futher
16:05 - Closing remarks
23 Feb 2024
Optimizing Your Financial World - Episode 35 (What Type of Buyer Should You Sell Your Company To?)
If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s a good idea to consider which type of buyer is the right one for you and your company.
On the latest installment of Optimizing Your Financial World, we’re exploring how these two categories of buyers could play an important part in how much you get for your company!
Chapters:
0:00 - Introduction and overview on the topic of the day
1:31 - What can a entrepreneur expect when encountering a financial buyer
3:26 - Where the seller fits into the financial buyer's vision for the sale of the company
5:26 - Where financial buyers come from
7:01 - How a strategic buyer approaches the acquisition of a company
8:58 - A strategic buyer is looking into the greater value being created beyond the sale
11:18 - The types of strategic buyers
12:36 - How an entrepreneur can decide which type of buyer would be best for them
14:14 - Advice for navigating deals with strategic buyers
15:37 - How you can get in touch with Mark and his team
16:19 - Closing remarks
22 Jan 2024
Optimizing Your Financial World - Episode 34 (Six Big In-Retirement Money Mistakes and How to Avoid Them)
Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly.
On the latest episode of Optimizing Your Financial World, we’re examining some of the big mistakes that retirees tend to make along with potential solutions and, even better, ways to avoid making them in the first place.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:31 - Many people aren't aware of the financial risks that exist after they retire
3:41 - The common mistake of overspending
7:05 - Avoiding 'money talks' with family members
9:57 - Using the 'wrong' withdrawal strategy for income
12:53 - Stop making investing your part-time hobby
15:36 - Being aware of the different scamming techniques out there
18:01 - How to combat scammers in today's day and age
20:55 - Just because you enter retirement, doesn't mean you should enter auto-pilot
22:57 - How to get in touch with Mark and his team
24:03 - Closing remarks
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