SK Wealth's Solutions & Knowledge podcast

In today's Solutions and Knowledge podcast, Certified Financial Planners® Mac and Jason discuss how to approach integrating your bonus or other windfall into your regular spending. From identifying your current financial standing and future goals to avoiding common mistakes like emotional decision-making, you'll learn strategies to help you make thoughtful decisions that align with your needs and values. Whether you're a spender or saver, we'll help you strike a balance between planning for tomorrow and enjoying today. Be sure to hit that subscribe button for more pearls of wisdom from SK Wealth!

Resources mentioned in this episode: Die with Zero: Getting All You Can From Your Money and Your Life by Bill Perkins.

In today's episode, Jason and Mac discuss phantom stock plans, a type of deferred compensation that offers employees a financial stake in the company without diluting ownership. Learn the purpose of these virtual units, how they operate, and their benefits and risks. Phantom stocks are a great way to attract and incentivize key talent without the red tape of voting rights or controlling stake in the company. For resources mentioned in this episode, check out our recent podcast Creating a Bonus Plan for Employees as well as the National Center for Employee Ownership.

Join Jason and Mac as they simplify the complexities of employee bonus programs. From navigating the risks of unrealistic expectations to addressing potential disengagement, this episode provides insights into fair and equitable bonus structures. Emphasizing clarity, measurability, and strategic alignment, the discussion offers actionable advice for successful bonus programs. Whether you're a business leader or HR professional, tune in for valuable perspectives on fostering engagement and achieving business success through well-crafted bonus initiatives. For resources mentioned in this episode, check out these sites: PayScale, Radford Global Compensation Database, and World At Work.

As a business owner, retirement planning often takes a backseat to running your company. In this episode of the SK Wealth Podcast, we explore why retirement plans are vital and how to select the right one. Rebecca and Andrew discuss attracting talent, increasing engagement, and tax savings as key benefits of retirement plans for business owners. You'll learn about various plan options, including SEP IRAs, SIMPLE IRAs, Individual 401(k)s, and more, and the importance of consulting with professionals to make informed decisions. Listen for a client success story and insights on investment options within these plans.

Welcome to the latest episode of the SK Wealth Solutions and Knowledge podcast. Join Andrew Cayer, Certified Financial Planner at SK Wealth Management, as he explores Non-Qualified Deferred Compensation plans. Andrew will discuss the ins and outs of these plans, draw from real-life experiences, and provide savvy strategies to reduce your tax liabilities and enhance your retirement savings. Additionally, he'll shed light on methods to safeguard your financial future from employer bankruptcies through the use of insurance policies. If you're a high earner or seeking intelligent retirement planning, this episode is tailor-made for you. Be sure to hit that subscribe button for more pearls of wisdom from SK Wealth. For resources mentioned in this episode, click here: Stock Shield.

In this episode of the SK Wealth podcast, Mac and Jason delve into Restricted Stock Units (RSUs) to help you gain a deeper understanding, make informed decisions, and take full advantage of your complex compensation plan. We'll highlight some of the risks that come with RSUs, and provide you with practical insights on how to manage them effectively. If you've ever wondered how RSUs fit into your overall financial strategy, or if you're seeking ways to optimize your compensation package, this episode is a must-listen.

On today's brand new episode of the SK Wealth podcast, Jason and Mac discuss employee stock options (ESOs) – to help you understand their benefits of these financial tools and become aware of the risks inherent to them. They also explore additional guidelines for managing your stock options like a pro, and where to turn for help, like this article from Investopedia. Stay tuned for expert insights from SK Wealth on maximizing your financial potential.

When's the last time you thought about your estate planning documents? There may be some hidden issues if you haven't reviewed them in coordination with your financial plan. Tune in with Mac Richards, Client Relationship Manager at SK Wealth as he dives into some common pitfalls, as well as how our financial planning process, The Integrated Financial Advantage™, makes estate planning easier for clients.

As more and more of our personal and business lives are conducted online, protecting our data is more important than ever. There are important steps we can all take to protect against cybercriminals. To discuss these steps and an update on how we secure client data, I'm joined by Steven DeBlieck, the Director of Systems at Sansiveri Kimball.

Investment customization and flexibility continues to be the forefront of differentiation when managing money and sprinkle in potential tax advantages and the service sounds even more appealing. What is this Direct-Indexing method for managing portfolios? What are the advantages and how does the future look for its use in investment portfolios? Devin Rainone, CFP and Matthew Neyland, Chief Investment Officer at SK Wealth Management discuss Direct-Indexing.