The Way2Wealth®

Do you know where your money will go once you pass on? Estate planning is essential to keeping your family’s finances and future on track. On today’s episode, we will be discussing the key things you need to focus on when planning your family’s legacy.

 

TIMESTAMPS 

0:58 – Our guest Alan Brown

3:33 – Estate planning made simple

5:15 – Where does your money go when you die?   

8:25 – Generational thinking exercise

12:50 – Trusts are asset protection

14:02 – Estate taxes

17:06 – Proposed changes to trusts

18:11 – Right pocket, left pocket

20:29 – Last important thoughts

22:20 – Upcoming planning about legacy

23:53 – Connecting with Hunter McClain 

 

Read the full blog and get additional information on The Way2Wealth®: https://www.theway2wealth.com/episodes/

 

RESOURCES

About our guest: https://www.huntermaclean.com/attorney/alan-c-brown/

More on The Way2Wealth®: https://www.theway2wealth.com/

More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/

Subscribe to Our YouTube Channel: https://bit.ly/354Pd2M

Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-way2wealth/id1607901600

 

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

Hear Past episodes of the Way2Wealth Podcast!
https://theway2wealth.com

Learn more about our Host, Scott Ford, Managing Director, Partner & Wealth Advisor
https://www.carsonwealth.com/team-members/scott-ford/

Investment advisory services offered through CWM LLC, an SEC-registered investment advisor.  Carson Partners, a division of CWM LLC, is a nationwide partnership of advisors. The opinions voiced in the Way to Wealth with Scott Ford are for general information only and are not intended to provide specific advice or recommendations for an individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.  Guests on Way to Wealth are not affiliated with CWM, LLC. Legado Family is not affiliated with CWM LLC. Carson Wealth 19833 Leitersburg Pike, Suite 1, Hagerstown, Maryland, 21742.

Taxes and estate planning are an essential part of our wealth's foundation. Today, Robert Keebler, CPA®, the found of Keebler and Associates, joins us to speak on tax compliance, tax reduction, and estate planning.  

TIMESTAMPS 

0:50 – Introducing Robert Keebler

2:18 – Robert’s backstory

4:03 – Coronavirus impact

6:50 – Misconceptions about taxes

9:42 – Tax compliance vs strategy

13:30 – Finding the right people

17:36 – CPAs being conservative

21:58 – Tax planning done poorly and well

23:17 – Tax planning made simple

24:44 – $500,000 investible assets

25:56 – $2 million investible assets

26:27 – $10 million investible assets

27:56 – Estate planning and asset protection

28:38 – Large umbrella insurance policies

31:47 – Questions for CPAs and other professionals

33:14 – How to contact Robert

 

Read the full blog and get additional information on The Way2Wealth®: https://www.theway2wealth.com/episodes/

Tax Planning Buckets: W2W Tax Planning 

 

RESOURCES

About our guest: https://keeblerandassociates.com/about/

More on The Way2Wealth®: https://www.theway2wealth.com/

More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/

Subscribe to Our YouTube Channel: https://bit.ly/354Pd2M

Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-way2wealth/id1607901600

 

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

Hear Past episodes of the Way2Wealth Podcast!
https://theway2wealth.com

Learn more about our Host, Scott Ford, Managing Director, Partner & Wealth Advisor
https://www.carsonwealth.com/team-members/scott-ford/

Investment advisory services offered through CWM LLC, an SEC-registered investment advisor.  Carson Partners, a division of CWM LLC, is a nationwide partnership of advisors. The opinions voiced in the Way to Wealth with Scott Ford are for general information only and are not intended to provide specific advice or recommendations for an individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.  Guests on Way to Wealth are not affiliated with CWM, LLC. Legado Family is not affiliated with CWM LLC. Carson Wealth 19833 Leitersburg Pike, Suite 1, Hagerstown, Maryland, 21742.

Today we are talking about a big expense and one of the key parts of your financial foundation, taxes. Taxes are complicated and having a plan to be proactive about them can seem daunting. So Jeff Socha, founder of Socha Consulting, is joining us to explain a bit about the tax rulebook and why it’s important to have a good tax strategy.

 

TIMESTAMPS 

1:38 – Talking about taxes today

2:22 – Jeff’s backstory

5:34 – Earliest memory of money

9:30 – Giving money away

11:43 – Tax planning

15:09 – Knowing the tax rulebook

24:43 – Strategy vs compliance

32:43 – Tax strategy done poorly

37:09 – Tax strategy done well

42:32 – Higher investable assets

48:26 – What questions should you ask your advisor?

49:58 – Where to find more information

 

Read the full blog and get additional information on The Way2Wealth®: https://www.theway2wealth.com/episodes/

 

RESOURCES

About our guest: https://www.jeffsocha.com/

More on The Way2Wealth®: https://www.theway2wealth.com/

More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/

Subscribe to Our YouTube Channel: https://bit.ly/354Pd2M

Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-way2wealth/id1607901600

 

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

Hear Past episodes of the Way2Wealth Podcast!
https://theway2wealth.com

Learn more about our Host, Scott Ford, Managing Director, Partner & Wealth Advisor
https://www.carsonwealth.com/team-members/scott-ford/

Investment advisory services offered through CWM LLC, an SEC-registered investment advisor.  Carson Partners, a division of CWM LLC, is a nationwide partnership of advisors. The opinions voiced in the Way to Wealth with Scott Ford are for general information only and are not intended to provide specific advice or recommendations for an individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.  Guests on Way to Wealth are not affiliated with CWM, LLC. Legado Family is not affiliated with CWM LLC. Carson Wealth 19833 Leitersburg Pike, Suite 1, Hagerstown, Maryland, 21742.

As we continue our discussion on exactly what The Way2Wealth® means, we are focusing on the ‘2’ today. For us, the number represents team because it will always take more than one person to build that pathway to wealth. Garrett Gunderson is joining us today to speak on his journey and on the importance of a great team.

 

TIMESTAMPS 

1:20 – What got Garrett into finance

3:52 – His earliest memory of money

8:23 – How has the pandemic changed things

14:50 – Garrett’s thought on team

19:59 – Clients are not transactions

23:57 – What players you need on your team

25:50 – Finding ‘A’ players

31:58 – What Garrett is up to now

 

Read the full blog and get additional information on The Way2Wealth®: https://www.theway2wealth.com/episodes/

 

RESOURCES

About our guest: https://garrettgunderson.com/

More on The Way2Wealth®: https://www.theway2wealth.com/

More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/

Subscribe to Our YouTube Channel: https://bit.ly/354Pd2M

Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-way2wealth/id1607901600

 

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

Hear Past episodes of the Way2Wealth Podcast!
https://theway2wealth.com

Learn more about our Host, Scott Ford, Managing Director, Partner & Wealth Advisor
https://www.carsonwealth.com/team-members/scott-ford/

Investment advisory services offered through CWM LLC, an SEC-registered investment advisor.  Carson Partners, a division of CWM LLC, is a nationwide partnership of advisors. The opinions voiced in the Way to Wealth with Scott Ford are for general information only and are not intended to provide specific advice or recommendations for an individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.  Guests on Way to Wealth are not affiliated with CWM, LLC. Legado Family is not affiliated with CWM LLC. Carson Wealth 19833 Leitersburg Pike, Suite 1, Hagerstown, Maryland, 21742.

We’re all guilty of looking ahead in life towards goals or destinations, but that often causes us to miss out on what’s happening today. That’s where the ‘Way’ in The Way2Wealth® comes into what we do and how we help our clients. On this episode, we are joined by Bonnie Bailey, CFP®, the VP of Business Development and a Wealth Advisor. She'll tell us about her journey, what’s most important to her in this industry, and how she approaches each day.

 

TIMESTAMPS

1:48 – What got you into the financial industry?

3:50 – Good and bad memories of money

6:30 – Scott’s memories from childhood

8:08 – What does ‘The Way’ in The Way2Wealth® mean?

9:03 – Living now vs worrying about the destination

11:17 – What CFP® board teaches you

13:43 – Workbook we’re creating

15:58 – Life, Liberty, and the Pursuit of Happiness

18:37 – How pursuit was defined

21:03 – Having a routine

22:14 – Final Thoughts

 

Read the full blog and get additional information on The Way2Wealth®: https://www.theway2wealth.com/episodes/

 

RESOURCES

About our guest: https://www.carsonwealth.com/team-members/bonnie-bailey/

More on The Way2Wealth®: https://www.theway2wealth.com/

More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/

Subscribe to Our YouTube Channel:  https://bit.ly/354Pd2M

Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-way2wealth/id1607901600

 

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

Hear Past episodes of the Way2Wealth Podcast!
https://theway2wealth.com

Learn more about our Host, Scott Ford, Managing Director, Partner & Wealth Advisor
https://www.carsonwealth.com/team-members/scott-ford/

Investment advisory services offered through CWM LLC, an SEC-registered investment advisor.  Carson Partners, a division of CWM LLC, is a nationwide partnership of advisors. The opinions voiced in the Way to Wealth with Scott Ford are for general information only and are not intended to provide specific advice or recommendations for an individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.  Guests on Way to Wealth are not affiliated with CWM, LLC. Legado Family is not affiliated with CWM LLC. Carson Wealth 19833 Leitersburg Pike, Suite 1, Hagerstown, Maryland, 21742.

As we roll out the first episode of the podcast, we wanted to introduce you to our business and The Way2Wealth® process that we follow.

W – What is your foundation?

E – Establish Savings

A – All expenses covered by income

L – Living with inflation

T – Tax diversification

H – Have it updated annually

 

Read the full blog and get additional information on The Way2Wealth®: https://www.theway2wealth.com/episodes/

 

TIMESTAMPS

0:29 – What is The Way2Wealth®?

2:25 – Memories about money

4:16 – Story behind the name

5:35 – The process we use

7:44 – W: What is your foundation?

11:05 – E: Establish Savings

12:04 – A: All expenses covered by income

12:38 – L: Living with Inflation

14:18 – T: Tax diversification

15:41 – H: Have it updated annually

16:19 – Where is all this headed?

20:14 – What to expect on the show

 

RESOURCES

More on The Way2Wealth®: https://www.theway2wealth.com/

More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/

Subscribe to Our YouTube Channel: https://bit.ly/354Pd2M

Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-way2wealth/id1607901600

 

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

Hear Past episodes of the Way2Wealth Podcast!
https://theway2wealth.com

Learn more about our Host, Scott Ford, Managing Director, Partner & Wealth Advisor
https://www.carsonwealth.com/team-members/scott-ford/

Investment advisory services offered through CWM LLC, an SEC-registered investment advisor.  Carson Partners, a division of CWM LLC, is a nationwide partnership of advisors. The opinions voiced in the Way to Wealth with Scott Ford are for general information only and are not intended to provide specific advice or recommendations for an individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.  Guests on Way to Wealth are not affiliated with CWM, LLC. Legado Family is not affiliated with CWM LLC. Carson Wealth 19833 Leitersburg Pike, Suite 1, Hagerstown, Maryland, 21742.