Not Your Average Financial Podcast

Episode 181: Real Estate Tax Problems with Brett Swarts

February 19, 2021 by Not Your Average Financial Podcast

In this episode, we ask:

What will you do with highly appreciated real estate?
Who has tax problems?
Is this just another 1031 exchange podcast?
Who is Brett Swarts?
What is a capital gains tax deferral strategy?
What is a deferred sales trust?
What about optimal timing?
What about capital gains tax on real estate?
Can one eliminate a 1031 exchange?
What about an example?
What about the transition of generational wealth?
How many baby boomers are turning 65 every day?
What about the factor of time in a 1031 exchange?
What is the problem?
Why are we selling high and buying higher?
What about real estate market corrections?
What is a DST (deferred sales trust)?
When does a 1031 exchange make sense?
What is a seller carry back?
What options open up?
What about the buyer cooperating with a brand new trust?
What’s the gain for the trust?
What about a deferral state?
What about funding?
What happens to the tax when selling to the trust?
What about receiving a $0 down payment?
What about spreading out the tax over time?
Where does the money need to live?
What about the terms on the promissory note?
What about deferral?
What about spreading the tax burden to the next generation?
What about assets inside the deferred sales trust?
What about paying the tax right away?
What about fees?
With whom does Brett work?
What about dissolving partnerships?
What about another example?
How long have the DSTs been around?
Where is the money going to live?
What about a brand new depreciation schedule?
Who understands the deferred sales trusts?
What would Brett leave for his family and friends?
What did Jim Rohn say?
Would you like to visit capitalgainstaxsolutions.com?
Would you like to book a meeting on Mark’s calendar?
Would you like to join the NEW! Not Your Average Financial Community?

The topics presented in this podcast are general information only and not for the purposes of providing legal, accounting or investment advice. On such matters, please consult a professional who knows your specific situation.

Brett Swarts is considered one of the most well-rounded Capital Gains Tax Deferral Experts and informative speakers on the west coast. His audiences are challenged to lean into multiple capital gains tax deferral strategies, create and develop a tax-deferred transformational exit wealth plan of their own, and execute on this plan so they can create and preserve more wealth.

Brett is the Founder of Capital Gains Tax Solutions and host of the capital gains tax solutions podcast. Each year, he equips hundreds of business professionals with the Deferred Sales Trust tool to help their high net worth clients solve capital gains tax deferral limitations.

Brett lives in Roseville California, with his wife, Melanie and their 5 children.

Episode 180: If You’re Playing the Wall Street Game: STOP!

February 12, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What is going on in the market?
What happened to the fundamentals?
What determines the price of a company?
What about the present value of future dividends?
Is this a simple world?
Are we all playing the same game?
What are the cracks in the system?
Is there an unfair advantage?
Which game are you playing?
What does it mean to go long?
What does it mean to go short?
Does the investor own the stock?
Where do people make a profit?
What are the risks?
How much can you lose?
What about hedge funds?
Why did they see a dramatic change in price?
Is it legal?
Is it sane?
What about curiosity?
What about stability?
What about sanity?
What about short squeezing?
Who is David Shaw?
What is high speed trading?
What about those who live in middle-America?
What about those who live in Manhattan?
How do people use geography?
What about a fraction of a penny?
What about an annualized return?
What about buy and hold?
What about the day trader?
What about the minute trader?
What about the high frequency trader?
What about chinks in the armor?
Is shorting part of the efficient market?
More efficient for what? More efficient for whom?
What are the rules to the game?
Are you playing the same game?
Who is getting hurt?
Who is playing the buy and hold game?
Who is playing day trading?
Who is playing stock trading?
What game is your advisor playing?
Who is getting paid?
Who is getting the fee?
What game is the government playing?
Does the government invest in Wall Street?
Who pays the fee?
What about the 401(k)?
How might one make sense of the signals?
Why do the market experts come up with wildly different expectations?
Who still hurts from 2008?
What about index funds?
What are the rules for the index?
What about the S&P 500?
What about buyers?
What about algorithms?
What about fundamentals?
What about the signal?
What do we know?
What do we NOT know?
So what?
How does one win a game like this?
How does one make an unrealized gain a realized gain?
What about black swan events?
What about market volatility?
What about protection from market down turns?
When the market falls, how deep does it tend to fall?
What type of investor are you?
Do you like to buy low and sell high?
Do you like to buy high and sell low?
Do you have an automatic deduction of your paycheck into a 401(k)?
Do you do dollar cost averaging into a brokerage account?
Do you believe the market is high or low, currently?
Where is the DOW now?
Is the market at an all time high now?
What happens in one bad year?
When you lose 10%, what happens?
When you lose 25%, what happens?
When you lose 50%, what happens?
Do the bad years hurt more than the good years help?
Is the market throwing a tantrum?
Are insurance contracts investments?
How do whole life insurance policies fit into all of this?
What about stability?
Do you have to play the game?
Do you have to get wrapped up in all of the chaos?
What kind of guarantees are possible?

Episode 179: Join the Not Your Average Financial Revolution

February 5, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

How many conversations have you had with your family and friends about money?
Do very few of us raise the topic of finances?
Is money a taboo subject?
What about the Not Your Average Financial Community?
Who is Gina Bianchini?
What is Gina’s story?
What about Gina’s dinner table?
What is Mighty Networks and why does it matter?
What about content?
How might connections change everything?
What about surprising and delighting one another?
Why contribute with others?
How does innovation happen?
What happened with networking recently?
How does a community help us navigate these times?
What about the Social Dilemma docudrama?
What about monetizing attention?
What’s powerful about attention?
What about care?
What’s a different model?
What are the new rules? What is the culture we’re building?
What about creating a connection?
What about agency?
What do entrepreneurs need to hear?
Do you have to build a product?
What about the network?
What about the algorithm?
What about membership?
What about a course?
What about events?
What about the “cost” of time?
How does one build a network?
What do you want to build together?
How do you want to serve?
What feedback do you have?
What if you did know?
What if you understood the various elements of financial planning?
What was January’s theme?
What is February’s theme?
What elements are crucial to your comprehensive, full-featured financial plan?
What adjustments need to be made?
What actions do you need to take?
How might you think differently about money?
Would you like to join us?
https://notyouraverage.mn.co

Gina Bianchini is an American entrepreneur and investor. She is the Founder & CEO of Mighty Networks.

Her mission at Mighty Networks is to usher in a new era of creative business built on community. Mighty Networks serves “creators with a purpose” selling experiences, relationships, and expertise to their members via community, content, online courses, and subscription commerce–all offered in one place under the creator’s brand.

Before Mighty Networks, she was CEO of Ning, which she co-founded with Marc Andreessen. Under her leadership, Ning grew to 100 million people in 300,000 active social networks across subcultures, professional networks, entertainment, politics, and education.

In addition to Mighty Networks, Gina serves as a board director of TEGNA a $3 billion broadcast and digital media company and served as a board director of Scripps Networks, an $12 billion public company that owns HGTV, The Food Network, and The Travel Channel that merged with Discovery Communications in 2018.

Gina has been featured on the cover of Fortune and Fast Company and in Wired, Vanity Fair, Bloomberg, and The New York Times. She has appeared on Charlie Rose, CNBC, and CNN.

She grew up in Cupertino, California, graduated with honors from Stanford University, started her career in the nascent High Technology Group at Goldman, Sachs & Co., and received her M.B.A from Stanford Business School.

Episode 178: Tax-Free Wealth with Tom Wheelwright

January 29, 2021 by Not Your Average Financial Podcast

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In this episode we ask:

Who is Tom Wheelwright?
Have you read his book, Tax Free Wealth?
Would you like to hear his podcast?
What was Tom’s childhood like?
Where did Tom first learn about money?
What was one of Tom’s first jobs?
What did Tom learn about rental property?
With whom does Tom work?
What does Tom’s CPA network look like?
What does Tom love about tax education?
How did Tom’s relationship start with Robert Kiyosaki?
Where do Tom and Robert travel together?
What about the tax law around the world?
How is the tax law a series of incentives?
What is Tom’s paradigm of taxes?
How long is the tax law in the U.S.?
Is all income taxable?
Is anything deductible?
What is the majority of the tax law?
What’s the history?
What about incentivizing the free market?
What about tax credits?
What about depreciation?
What about tax credits for sending your kid to college?
What about tax deductions for buying a house?
What do most countries have in common?
What’s fun about taxes?
How does one make more money when they follow the tax law?
What about electric cars?
Is the free market the best place to build infrastructure?
What about the cash flow quadrant?
What about tax incentives?
Have you read Cash Flow Quadrant by Robert Kiyosaki?
Are you an employee?
Are you self employed or a small business owner?
Are you a big business owner?
Are you an investor?
What about Trump paying $750 in taxes?
What about debt and real estate?
Do you have to be big to get the benefits of the big business?
Can an employee enjoy the tax benefits of an investor?
What about the Wall Street trap?
What about “retail” investments?
What about “wholesale” investments?
What about private equity?
Is this available to anyone outside of the 1%?
What about “factory-direct” investments?
What’s on the horizon for real estate?
What’s on the horizon for tax law?
Are taxes going down?
What’s likely to happen?
What about incentives toward clean energy?
Where is policy headed?
What was one of the best real estate deals ever?
Are you looking at cash flow?
What is the simple analysis of any deal?
What will happen to the size of government?
What opportunities come with government expansion?
What about the pandemic?
What about office space and other commercial real estate?
What is Tom doing differently in their office?
How many streams of tax-free income can Tom and Mark think up?
What about Roth IRAs?
What about HSAs?
What about depreciation on rental real estate?
What about a 1031 exchange?
What about reverse mortgages?
What about life insurance?
What about a business?
What is the only thing you can cash out of tax free?
How can you combine a business with real estate?
What about clean energy?
What about oil and gas?
What runs out? What wears out?
What about renewable energy?
Would you like to hear the Wealthability show?
Would you like to read Tom’s book, Tax-Free Wealth?
Would you like to visit wealthability.com?
Would you like to join the NEW Not Your Average Financial Community?

Tom Wheelwright is a CPA, CEO of WealthAbility®, Best-Selling Author of “Tax-Free Wealth”, Owner and Active CPA for Wheelwright Manahan, Speaker, and Host of 2 popular podcasts, including The WealthAbility® for CPAs Show. Wheelwright advises CPAs, accounting professionals, small business owners, entrepreneurs, and investors how to permanently and legally reduce their taxes by 10-40%. Previously, Wheelwright was a Manager in the National Tax Office of Ernst and Young, an Adjunct Professor in the Masters of Tax Program at Arizona State University for 14 years, and a Fortune 500 in-house tax advisor and tax lobbyist.

Episode 177: Your Life Insurance Business Line of Credit with Sarry Ibrahim

January 22, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you a business owner?
Who is Sarry Ibrahim?
How can Bank on Yourself® type life insurance policies be used for business purposes?
What about employee retention?
What about cash reserves?
Is your business sellable?
What about a key person?
How could you design this for business?
How long can your business go without income?
Have you considered the exit ramp of your business?
How might a whole life insurance policy from a mutual insurer help with selling a business?
What about the valuation of a business?
Why do corporations have cash value life insurance?
What about reinvesting money back into your business?
What about inflation?
What about other risks?
Where did corporate owned life insurance originate?
What about 162 plans?
What about key person policies?
What about competition in the marketplace?
What are the takeaways?
Would you like to join our NEW Not Your Average Financial Community?

Sarry Ibrahim focuses his expertise in working with clients who want to grow their wealth and protect it from creditors and predators! His specialty is in working with individuals, business owners and real estate investors in implementing sound financial strategies to thrive through life’s changing seasons. Sarry connects and brings to the table tactics that aren’t typically known to financial planners, investors or attorneys. finassetprotection.com

Episode 176: Annuities vs. Everything Else

January 15, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What are people saying about annuities?
What about supplemental income strategies for retirement?
Should alternative income strategies be used in retirement?
What about rental income?
What about rental income in a pandemic?
Is your rental property your annuity?
How is this working out?
What about Moody’s analytics?
How many renters are behind on rent?
What about mom and pop landlords?
What are squatter’s rights?
What about contract law?
What about laddered bonds?
What about taxes?
Have you heard Episode 138?
What about MUNI bonds?
What did Barron’s say?
What did Mark see at the Oriental Museum?
What about liquidity?
What is a Single Premium Immediate Annuity (a SPIA)?
What about inflation?
What about the Mack Truck factor?
What have the insurers done with the annuity gotchas?
What is the fixed indexed annuity?
Have you heard Episode 80?
What about income?
What about a steady stream of income in retirement?
How does one fund an annuity?
What are the choices?
What are the tradeoffs?
What are the protections?
What about qualified and non qualified plans?
How does a fixed annuity address the liquidity problem?
Who has the cash?
What is an idea for liquidity?
What about the inflation problem?
Can you lose money due to market fluctuations?
What about the participation rate?
What about an inflation protection hedge?
What about competitive market returns without loss?
What about increasing income in retirement?
What about a pay raise in retirement?
What about a guaranteed minimum income for life?
What about the insurers addressing the Mack Truck factor?
What about gifting the unspent lump sum to your beneficiaries?
What about nursing home care?
What about double income payments in a qualified care facility?
Do you have a bond that can do that?
Do you have a rental property that can do that?
What are the benefits of the indexed annuity?
What are the downsides?
What are the risks?
Who is an indexed annuity good for?
What about medium and long term savings goals?
What about short term goals?
What do you want your money to do for you?
Who are indexed annuities NOT good for?
What about surrender charges?
What about liquidity?
Would you like to meet with Mark?
What about looking at your Social Security benefits online?
Do you have a plan for long term care?
Do you have a plan for your home equity?
How might your home equity support you in retirement?
Do you still need to buy stuff?
Would you like to join the Not Your Average Financial Community?

Episode 175: Five Surprising Benefits of Lifetime Income

January 8, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

How would you like to be paid every single day for the rest of your life?
What are the surprising benefits of life time income?
What about risk for retirees?
What about longevity?
Will you live and live and live?
What about an annuity?
Did he just say the A-word?
What about Ken Fisher and Dave Ramsey and Suze Orman?
Why do they love annuities?
What does a guaranteed income look like?
What about money managers?
Who loves the idea of lifetime income?
What about lifetime income that you cannot out live?
What about the pension system?
What about the pension problem?
Will they up taxes or cut benefits?
What about pensions moving into annuities?
What about private annuities?
What about Bank of America? What about Merrill Lynch?
What about the New York Times?
What about General Motors?
Why are major companies buying private annuities?
What about Lehman Brothers?
What did Lehman do differently with the executives?
What did the TIAA CREF survey say?
What about retirement predictability?
How are fixed indexed annuities helpful?
What about anxiety?
What did the Wall Street Journal say?
What about friends, neighbors and fixed annuities?
What about retired school teachers?
What about happiness?
Who has to rely on the stock market?
How does a fixed indexed annuity compare to other products?
Do annuities lack liquidity?
Will you likely live longer?
What about the 4% rule?
Is it now the 3% rule?
What about a single premium immediate annuity (a.k.a. a SPIA)?
What would Wall Street ask you to build up for retirement?
What is the most efficient tool for income?
What about a hybrid strategy?
What happens in an emergency?
What about discretionary expenses?
How might you neutralize risks?
What about the sequence of return risk?
What about the withdrawal rate risk?
What was the average return?
Would you like to join our Not Your Average Financial Community?

Episode 174: Life Insurance on Your Kids

January 1, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Can you imagine yourself in a forest?
Why in the world would we have life insurance on a young child?
What about life insurance on grandchildren?
What about annual premium?
What about 20-year-old policies?
What’s an example?
What about compounding growth?
What about the time value of money?
What about uninterrupted compound growth?
What about tax, under current law?
What about changing your family tree?
What about risks?
What about cash value?
What about purchasing cars?
What about policy loans?
What about Bank on Yourself type whole life insurance policies?
What about house purchases?
What about international trips?
What about cash flow real estate?
What about teaching children to prepare for the next generation?
What about covering multiple generations?
What about underwriting?
What about tax advantages?
What about the outlay?
What about the grandparents?
What’s Mark’s story?
How might a death benefit from the matriarch or patriarch set up the family for generations?
How might life insurance greatly simplify the estate planning process?
What about creating a wealth mentality?
What about the psychology over multiple generations?
What about a mindset?
What about promoting an understanding?
How old is this idea?
What about the Rockefeller’s?
How might you educate?
Do you assume your child will go to college?
Do you assume your grandchild will go to college?
Who wants to push back against average advice?
Is the college degree now overrated?
What about teaching your child?
What about learning to think like a banker?
What about examples?
Does age matter on a policy?
What is the potential?
What about growth?
What about market risk?
What about policies on your kids?
What’s Anita’s story?
How is life insurance different in Canada?
What about cash value growth?
What about buying cars?
What are the benefits?
What are the drawbacks?
What is the example on Million Dollar Baby?
What about future grandchildren?
Would you like to join our NEW! Not Your Average Financial Community?

Anita Bennett, a Vancouver born and Vancouver Island raised SFU Business Graduate who started her career specializing in Marketing, has been working with families since 2010. Her first business, a play-café called Kinder Café, was located in Port Coquitlam, BC, and was dedicated to providing a safe place for the community to connect with their children.

Anita believes that having a strong financial plan & investment strategy is the backbone of every family’s future success. She is dedicated to providing families with the information that they need to start the right investment savings and protection plans for their family and their children.

Having lost her father at the age of 29, and having lived the impact of her husband having a life-threatening illness, Anita knows how important it is to have disability and life insurance to protect the financial well being of a family’s future and the standard of living.

Anita is a mother of two and a step-mother to three children. When not educating parents on financial & investment strategies, she is out playing soccer in the Metro Women’s Soccer League, as well as coaching her children’s soccer teams.