- 19
- Episodes
- 1
- Ratings
- 2021
- First episode
About Wealth In Waves
Wealth in Waves is a limited-series podcast featuring advanced planning concepts for mature business owners along the Gulf Coast. Co-hosts Josh Null and Will Steih discuss and explain concepts around investment management, financial planning and tax planning.
- Publisher
- Josh Null
- Category
- business · business
- Language
- en
- Explicit
- No
- First episode
- 9 Apr 2021
- Latest episode
- 20 Jul 2023
Latest episodes
19 episodes in the feed.
20 Jul 2023
BOSS 2.0: Should I put my assets into a Trust?
Josh Null and Will Steih of Gulf Coast Financial Advisors discuss the intricate world of legal trusts as what should be a seamless intergenerational wealth transfer becomes ensnared in complex challenges. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
20 Jul 2023
BOSS 2.0: Tax Planning vs Tax Preparation
Josh Null and Will Steih of Gulf Coast Financial Advisors discuss basics of tax planning vs tax preparation, how we team with out clients and more. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
6 Jul 2023
BOSS 2.0: Succession Planning & The Walk Off Home Run
Josh Null and Will Steih of Gulf Coast Financial Advisors discuss ways of transitioning a business, Deeper dive on buy-sell agreements and how the are funded, unfunded buy sells are just promises and more. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
3 Jul 2023
BOSS 2.0: NQ Deferred Comp
Josh Null and Will Steih of Gulf Coast Financial Advisors (https://gulfcoastfa.com/) discuss a way to keep your key employees loyal that is stickier than just throwing cash bonuses at them. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
15 Jun 2023
BOSS 2.0: Cash Balance Plans
Josh Null and Will Steih of Gulf Coast Financial Advisors (https://gulfcoastfa.com/) discuss cash flow to support both the needs of the business and your own household spending, in fact, there’s this extra every month or quarter that you as the business owner are trying to determine how to put to the best use, such as possibly benefiting your own personal retirement plans. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
13 Jan 2022
Alternative To A Roth IRA
Josh Null and Will Steih of Gulf Coast Financial Advisors (https://gulfcoastfa.com/) discuss an alternative for those that are unable to contribute to a Roth IRA because of income limits: permanent life insurance. Josh and Will discuss how a properly structured permanent life insurance policy can features similar to a Roth IRA, particularly tax free growth, but without the income and contribution limits associated with a qualified plan. The guys also discuss how the need for a death benefit should be one of the primary questions related to this particular strategy. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com. Want More Wealth In Waves? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast.
11 Jan 2022
Pooled Employer Plans (PEP)
Josh Null and Will Steih of Gulf Coast Financial Advisors (https://gulfcoastfa.com/) discuss Pooled Employer Plans, commonly known as a “PEP”. A PEP is a way for a smaller 401k plan to “pool” their investments with other businesses in an effort to improve the buying power of the plan as well as spread administrative costs over a wider base. Will and Josh discuss how the SECURE Act made certain rule changes designed to make PEPs more attractive to small business owners, as well as giving more flexibility in the types of companies that associate in a pool. Will and Josh also discuss how their connection to Qualified Plan Advisors gives them access to a Pooled Plan Provider, sometimes referred to as a “P3”. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com. Want More Wealth In Waves? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast.
6 Jan 2022
Legal Ways to Defer Income Taxes
In this episode, hosts Will Steih and Josh Null of Gulf Coast Financial Advisors (https://gulfcoastfa.com/) discuss legal ways for business owners to defer income taxes, including 401k plans and SEP IRAs. This discussion includes a roadmap on how to set these plans up, particularly with the new SECURE Act deadlines, as well as practical tips on how to determine which plan may be the best fit for the business owner’s situation. Lastly, for those business owners with an appetite for retirement savings above the traditional qualified plan limits, Josh and Will discuss tax deferral options using a type of defined benefit plan, the Cash Balance Plan. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com. Want More Wealth In Waves? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast.
18 Oct 2021
Biz Owners: $2 Trillion in New Taxes is a BIG Number
Josh and Will welcome special guest Jay Stubbs, the Director of the Gulf Coast for Concourse Financial Group and Josh’s co-host on the long-running Every Dollar Counts with Josh and Jay (http://bit.ly/2vpTBI8) Podcast. Jay joins the guys to discuss the $2 trillion dollar tax increase plan that made it way through the House Ways and Means Committee recently and is currently debated in Congress, and how it potentially impacts business owners, self-employed people and investors. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com. Want More Wealth In Waves? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast.
5 Oct 2021
Biz Owners: 5 Things to do by Year End
Josh Null and Will Steih jump back into the Deep Fried podcast studio to provide some timely financial topics and tax deferral concepts for our listeners as we enter the 4th quarter. Join the hosts as they discuss the timing of claiming income, what to do if you’ve had a profitable year (especially if it’s been an exceptionally profitable year), how to leverage an existing 401k for tax deferral options, and strategies for tax deferral contributions above and beyond your standard 401k limits. The hosts also discuss the timing of implementing a qualified retirement plan, such as a 401k, and how the SECURE Act has provided additional flexibility, and last, but not least, in a historically tight labor market - is it time to offer additional benefits (Deferred Comp, Stock Purchase Plan, etc) to attract and retain talent? Want More Wealth In Waves? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
12 Jul 2021
401k Plans and the Business Owner
In this episode, hosts Josh Null and Will Steih discuss 401k plans from a business owner's perspective. They discuss if there is a best time of the year to offer a plan to your employees and how the Secure Act changed some of the filing deadlines starting with the 2020 plan year. They also discuss the benefits of having a 401k plan for attracting and retaining employees, especially in a tight labor market. Lastly, they remind existing plan sponsors that it's probably a good time to "benchmark" their plan to see if it is as competitive as possible, with the market offering lower fees and higher service than years past. Want More Wealth In Ways? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
22 Jun 2021
The Impact of Inflation on Our Everyday Lives
Per Wikipedia, Inflation is a “general rise in the price level of an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy”. While this is a concise summary, this does not fully encompass the effect of inflation on different groups of people in today’s modern economy. In this episode, hosts Will Steih (https://gulfcoastfa.com/team/will) and Josh Null discuss the impact of inflation and interest rates, particularly the current threat of rising inflation, and what it means to different groups of borrowers, investors and business owners. Want More Wealth In Waves? You can find all episodes of Wealth In Waves by visiting https://gulfcoastfa.com/podcast. Want To Know More About Will and Josh? If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
16 Jun 2021
Lee Lawson of Baldwin County Economic Development Alliance
Baldwin County is geographically huge and diverse county situated along the Gulf Coast of Lower Alabama, across Mobile Bay from Mobile, Alabama. Baldwin County also happens to be one of the fastest growing counties in the South / Southeast, and arguably the entire United States by percentage of population growth. Why is this? What attributes does Baldwin County offer that have consistently compelled people and businesses from all over the US to move there? Why is that rate of growth only increasing? What does the future hold for Baldwin County, Alabama? In this episode hosts Will Steih and Josh Null welcome Lee Lawson, the President and CEO of the Baldwin County Economic Development Alliance (BCEDA) to answer these questions and so much more. Lee gives insight to his role in bringing jobs and opportunities to the growing population of Baldwin County, plus provides a behind the scenes look to why his organization, and Baldwin County, have been so successful. Tune in to learn: Lee’s role in coordinating prospective businesses, communities, chambers of commerce and other local groups to land new development and job opportunities for the residents of Baldwin County Current growth statistics and long term projections for Baldwin County Recent success stories of where Baldwin County competed with other areas of the country for business development, and won What Lee says when presenting the benefits of Baldwin County to prospective businesses /// You can find our previous podcast episodes by visiting here (https://gulfcoastfa.com/podcast) . If you would like to continue the conversation with Josh and Will, make an appointment on our website at gulfcoastfa.com (https://gulfcoastfa.com/), or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com (mailto:jnull@gulfcoastfa.com).
13 Apr 2021
Here A Tax, There A Tax, Everywhere A Tax, Tax
To the surprise of no one, our current political leadership is currently discussing the first federal income tax increase since 1993. Some of the key talking points are increasing the top marginal tax rate by nearly 3%, from 37% 39.6%, and particularly targeting those with incomes of $400,000 or more. Also on the table are raising the corporate tax rate from 21% to 28%. What hasn’t been explicitly discussed – yet – is the Estate Tax Exemption of $11.7 Million (per person) for 2021, but there are indications that revisiting the exemption amount and corresponding tax rate are on the agenda. In this episode, Will Steih and Josh Null discuss how these political and tax policy decisions filter down to impact business owners and high-income earners along the Gulf Coast. If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
13 Apr 2021
Income America's Matthew Wolniewicz
As the availability of pensions has decreased over the past decades, particularly in the private sector, lifetime income needs for retirees has often been addressed with the use of insurance-company provided annuities. Given that these products typically come with a commission and often only require an insurance license to sell, the best interests of the investor has not always been served. The commission structure of annuities is often an issue for fee-only and fee-based fiduciary financial advisors as well. Setting the issue of commissions aside, the promise to provide guaranteed lifetime income often came with a hefty price to the investor. Add in portability issues, and it has become apparent that a better solution for lifetime income has been needed for some time. Income America aims to step in and fill this gap. The result of several industry leaders joining forces, Income America 5ForLife is a series of target-date portfolios that provide guaranteed lifetime income. With Income America 5ForLife, a lifetime income guarantee of 5% per year, beginning at age 65, is built into the portfolios—offering protection against market uncertainty during retirement. In this episode, Will Steih and Josh Null are joined by Matthew Wolniewicz, the President of Income America, to discuss the events and collaboration that resulted in the Income America offering. Matt discusses his own experiences and frustrations with the lack of fiduciary guidance and products available to retirees seeking lifetime income. If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
13 Apr 2021
How to Avoid Unintended (& Unwanted) Business Partners
If you or one of your fellow business partners were to become disabled or retired or pass away prematurely, who would gain control of the ownership share of the business? Once that fundamental question is answered in a written Buy-Sell Agreement, the next step is to provide funding so this transition can be financially completed. There are important concerns that can be answered by a well structured Buy-Sell Agreement - assignment of day to day responsibilities, cash needs of surviving heirs, handling of different personalities - but the main question remains how to financially replace an owner if they make a planned or un-planned exit from the business. A written but unfunded Buy-Sell agreement, while legally binding, is really nothing more than a promise that payment WILL be made but doesn't provide the mechanism of how the payment will be delivered. In this episode, Will Steih and Josh Null discuss why you should have a fully funded buy-sell agreement and give practical tips on how to accomplish that. If you would like to continue the conversation with Josh and Will, make an appointment on our website at gulfcoastfa.com, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
9 Apr 2021
How To Keep Your Best Employees Loyal
Employee retention, especially in highly competitive industries and/or a tight labor market, is an issue facing many business owners. How do you attract, retain, and keep satisfied the most talented and productive members of your labor force? Many business owners have learned the hard way that just throwing additional dollars at the employee in the form of increased salary or cash bonuses only goes so far, and once the money is spent, there’s no real control over the outcome. Some business owners decide to use only the “stick” part of the employee retention equation via non-compete agreement, but sometimes adding a “carrot” can make this medicine go down much easier. In this episode, Will Steih and Josh Null discuss one possible concept for business owners to consider as a solution called “Non-Qualified Deferred Compensation (NQDC). NQDC can be a useful tool to attract and retain talent while maintaining some control over the agreement. You can find our Non-Qualified Deferred Compensation resource center by visiting gulfcoastfa.com. If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/, or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
9 Apr 2021
Can A Small Business Owner Create Their Own Pension?
Pensions, or Defined Benefit Retirement Plans, have historically been the domain of large Fortune 100 companies and public sectors employers. Can a privately held small business (50 employees or less) create a defined benefit type plan for it’s owners and employees? In this episode hosts Will Steih and Josh Null discuss one possible pension-like solution for small business owners to consider: a Cash Balance Plan. If you’re a small business owner with an appetite for additional savings above your 401k contribution limits, tune into this episode to learn: - How a business owner with a fully funded 401k can layer a Cash Balance Plan on top to provide additional future retirement income. - How a Cash Balance Plan affects a business owner’s overall tax strategy & tax efficiency. - How a Defined Benefit Plan can be used to fund retirement income needs above qualified plan contribution limits, particularly with highly compensated owners and employees. Learn more by visiting our Cash Balance resource page at gulfcoastfa.com If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/ (https://gulfcoastfa.com/), or feel free to call 251-327-2124 email jnull@gulfcoastfa.com.
9 Apr 2021
And so it BEGINS!
Welcome to Episode 1 of the Wealth in Waves Podcast, a show dedicated to all you busy folks out there making it happen along the Gulf Coast! To our listeners in New Orleans, Destin, Mobile, Santa Rosa Beach, Gulfport, Pensacola, Biloxi, and of course, our home base of Fairhope, Alabama, if you’re plugged into your work, your family, and your faith, you’ve found your show! In this episode, Will Steih and Josh Null discuss their respective journeys to creating the Wealth in Waves podcast, focusing on the “what’s the point” of the show, especially how we hope the show will be used to help our clients become more educated and confident in their financial decisions. You can find our other podcast episodes by visiting https://gulfcoastfa.com/podcast. If you would like to continue the conversation with Josh and Will, make an appointment on our website at https://gulfcoastfa.com/ (https://gulfcoastfa.com/), or feel free to call 251-327-2124 or email jnull@gulfcoastfa.com.
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