Category: Wealth Management

As Seen on Shark Tank: How Remento Helps You Capture Your Life Story with Charlie Green (Ep. 62)

As Seen on Shark Tank: How Remento Helps You Capture Your Life Story with Charlie Green (Ep. 62)

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Your legacy is far more than your net worth—it’s your story, your voice, and the memories you leave behind. 

In this heartfelt and inspiring episode of Maximizing Outcomes®, Jim McGovern is joined by Charlie Green, founder of Remento, a revolutionary platform that helps families preserve stories, voices, memories, and wisdom—without needing to write a word. 

Featured on Shark Tank and a deal secured with Mark Cuban, Remento is making it easy to create beautiful keepsake books that capture spoken memories, personal histories, and life lessons. You’ll hear: 

  • Charlie’s moving story of loss and inspiration 
  • How Remento turns conversations into family heirlooms 
  • The technology making memory preservation effortless 
  • Ways to document your legacy (or that of your parents or grandparents) 
  • The surprising emotional power of voice 
  • What it was like pitching to the Sharks 

🎧 Whether you’re a parent, grandparent, or a son or daughter that values family connection, this episode will change how you think about legacy. 

Resources & Links:

👉 Explore Remento: https://remento.co – Use Coupon Code MCGOVERNWEALTH
👉 Try our Financial Health Assessment Tool

Connect with McGovern Wealth Group: 


🔔 Don’t forget to subscribe, leave a review, and share this episode with someone who needs to hear it.

Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof. 

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How Defined Benefit Plans Help Business Owners Slash Taxes and Catch Up on Retirement (Ep. 61)

How Defined Benefit Plans Help Business Owners Slash Taxes and Catch Up on Retirement (Ep. 61)

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How Defined Benefit Plans Could Help Business Owners Slash Taxes and Catch Up on Retirement (Ep. 61)

Are you a business owner with high income—but even higher tax bills? Are you feeling behind on retirement savings?

In this episode of Maximizing Outcomes®, Jim McGovern welcomes back Tom Wyatt to unpack one of the most overlooked yet powerful tools for high-income business owners: Defined Benefit Pension Plans.

You’ll learn:

  • How defined benefit plans can potentially save you hundreds of thousands in taxes annually
  • Why these plans my be ideal for late-stage retirement catch-up
  • How they differ from 401(k)s and profit-sharing plans
  • When to use cash balance plans for greater flexibility
  • Why you can still set one up after the tax year ends
  • How to use them for succession planning and buyouts

Tom shares real-world examples—including one client who’s pension contribution allowed for a $288,000 deduction in a single year while keeping 87% of it for himself.

Whether you’re a solo entrepreneur or run a business with employees, this episode will help you rethink how to retire smarter and lower your tax bill in the process.

Related Episode:

Episode 28: Retirement Planning Essentials

Episode 29: Retaining Key Employees with Non-Qualified Retirement Plans

📩 Have questions? Reach out to Jim at info@mcgovernwealth.com or visit mcgovernwealth.com

🎧 Don’t forget to subscribe and share this episode with other business owners who want to Maximize Outcomes® in their life.

Please note individual situations will vary, individual results will be unique and determined on their own merits. 7938432.1

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Selling Your Business to Private Equity: A Deep Dive with Bobby Kingsburry (Ep. 60)

Selling Your Business to Private Equity: A Deep Dive with Bobby Kingsburry (Ep. 60)

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Selling your business may be the biggest financial decision of your life — and for many owners, private equity can be a smart, strategic way to exit. In this episode of Maximizing Outcomes®, Jim McGovern is joined by Bobby Kingsbury, Managing Partner at MCM Capital Partners, to discuss how private equity firms evaluate businesses, what makes a company attractive to investors, and what owners can do today to prepare for a successful exit. 

Whether you’re actively planning your exit or simply building toward a future sale, this episode offers an inside look at how private equity really works — with actionable tips to increase business value and avoid costly mistakes. 

You’ll learn: 

  • When private equity makes sense as an exit strategy 
  • How PE firms like MCM Capital evaluate companies 
  • What factors drive EBITDA multiples and valuation 
  • The biggest mistakes business owners make when selling 
  • How to build a business private equity wants to buy 
  • What the PE deal process looks like from start to finish 

Resources: 

Connect with McGovern Wealth Group: 

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Tariffs, Trade Wars & Your Portfolio: What’s Next? (Ep. 59)

Tariffs, Trade Wars & Your Portfolio: What’s Next? (Ep. 59)

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Tariffs are making headlines again, and investors are asking: Will they trigger a recession? How will the markets react? What should I do with my portfolio? In this episode of Maximizing Outcomes, Jim McGovern breaks down the real impact of tariffs on the economy, inflation, and your investments.

🔎 What You’ll Learn:
✅ Why governments use tariffs and their economic impact
✅ How recent tariff hikes affect markets, jobs, and inflation
✅ Key lessons from past trade wars and market reactions
✅ Smart strategies to protect your portfolio in uncertain times

📈 Stay informed. Stay invested. Don’t let short-term noise derail your long-term plan.

👉 Follow & Subscribe for professional insights on investing and wealth management.

Resources:

Connect with McGovern Wealth Group:

 

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Navigating Employee Stock Options, RSU’s and Stock Purchase Plans (Ep. 58)

Navigating Employee Stock Options, RSU’s and Stock Purchase Plans (Ep. 58)

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Stock benefits can be a powerful tool for building wealth, but they often come with confusion and hidden risks.

How do stock options, RSUs, and employee purchase plans work? What tax implications should you consider? How can you protect yourself from overconcentration in company stock?

In this episode, Jim McGovern breaks down different types of stock benefits, explaining how they function, their tax implications, and the risks involved. He provides insights on when to exercise options, how to diversify, and strategies for hedging against potential losses.

Jim discusses:

  • The differences between stock options, restricted stock units (RSUs), and employee stock purchase plans, including how they are granted, vested, and taxed
  • The risks of holding too much company stock, including historical data on stock declines and why diversification is key
  • Tax implications of incentive stock options (ISOs) and non-qualified stock options (NSOs), including how timing affects tax rates
  • How restricted stock units (RSUs) provide a more straightforward benefit compared to stock options and why many large companies prefer them
  • Hedging strategies to protect against stock declines while still maintaining potential for future gains
  • And more

Resources:

Connect with McGovern Wealth Group:

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Estate Planning Strategies in Uncertain Times with Nick Sasso (Ep. 57)

Estate Planning Strategies in Uncertain Times with Nick Sasso (Ep. 57)

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Are you ready to safeguard your wealth for generations to come? In volatile times, understanding advanced estate planning has never been more essential.

In this episode of Maximizing Outcomes, Jim McGovern is joined by Nick Sasso, estate planning attorney at Porter Wright Morris & Arthur LLP, to dive into the complexities of estate tax exemptions and strategic planning using trusts. 

With current laws set to change, don’t leave your assets exposed. Nick shares insights on the risks of relying solely on today’s high estate tax exemptions and how sophisticated trusts can provide flexibility and control over your assets.

Jim and Nick discuss:

  • The history and future of estate tax exemptions
  • Dangers of complacency in estate planning
  • The role and benefits of irrevocable trusts like SLATs and ILITs
  • Innovative trust solutions such as the Beneficiary Defective Inheritors Trust (BDIT)
  • And more!

Connect with McGovern Wealth Group:

Connect with Nick Sasso:

About our guest:

Nick Sasso serves as counsel in the firm’s Estate Planning and Wealth Preservation practice group.  He brings a depth of experience with a focus in the areas of estate planning, tax planning, high-net-worth planning, business succession planning, charitable giving, special needs planning, and trust and estate administration. 

Most of Nick’s practice is centered around efficient tax planning strategies for individuals, families and family owned businesses. Specifically, Nick has successfully navigated complex qualified fund planning allocations for clients after the limitation of lifetime stretch IRAs post the 2020 Secure Act through the utilization of charitable planning. He has also successfully assisted numerous family businesses through strategic tax generational lifetime transfers. Nick advises clients in regard to inter vivos and testamentary planning techniques with a special focus on generation skipping transfer tax planning, timed defective trust funding, complex and rolling grantor retained annuity trust plans, and beneficiary deemed owner trust toggle provisions based on a balance of estate, gift and income tax scenarios.

Nick also safeguards the privacy of athletes, business owners, media personalities, and other high profile clients by employing blind trust ownership strategies.

Known for his dedication to pro bono work, Nick received the Ohio Northern Pro Bono Service Recognition Award in 2011. He also received the Volunteer Attorney of the Year for the 18th Judicial District of Arkansas in 2013 and the Legal Aid of Arkansas Pro Bono Service Award in 2017.

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Tax-Optimized Real Estate Strategies: 1031 Exchanges and Delaware Statutory Trusts with Ryan Perri (Ep. 56)

Tax-Optimized Real Estate Strategies: 1031 Exchanges and Delaware Statutory Trusts with Ryan Perri (Ep. 56)

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Have you ever wondered how savvy real estate investors grow their portfolios without hefty tax bills? Or how you can invest in large commercial properties without the hassle of being a landlord? 

Dive into this episode of Maximizing Outcomes with Jim McGovern as we explore these game-changing strategies!

In this episode, Jim is joined by Ryan Perri from Inland Securities Corporation to unpack two powerful tools: the 1031 exchange and Delaware statutory trusts. Discover how these strategies can transform your real estate investing approach—deferring taxes and diversifying your investments seamlessly.

Jim and Ryan discuss:

  • What a 1031 exchange is and why it’s a go-to strategy for deferring capital gains taxes 
  • The role of a qualified intermediary in the exchange process
  • Understanding like-kind property and its requirements
  • The benefits of Delaware statutory trusts for passive real estate investing 
  • And more!

Connect with McGovern Wealth Group:

Connect with Ryan Perri:

About our guest:

Ryan Perri has a strong background in finance and real estate investments. Ryan currently serves as the Senior Vice President at Inland Securities Corporation, where Ryan leads investment distribution and education in the Mid-Atlantic region. With a specialization in alternative investments such as private real estate and REITs, Ryan has also held various roles in institutional relations at Macquarie Group. Prior to their current position, Ryan worked as a Vice President of Sales at Resource Real Estate and as an Investment Advisor Representative at ING Financial Partners. Ryan holds a BSBA in Finance and Economics from Drexel University. 

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Business Exit Planning: A Value Management Process to Harvest Business Wealth (Ep. 55)

Business Exit Planning: A Value Management Process to Harvest Business Wealth (Ep. 55)

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Most business owners have over 80% of their wealth tied up in their business, yet few are fully prepared to unlock that wealth when it’s time to exit.

In this episode, Jim McGovern dives into the transformative world of exit planning, emphasizing how smart planning today can position an owner to maximize and harvest their business’s value later.

With 75% of business owners aiming to exit in the next decade, understanding the essence of exit planning is critical. It’s not a task to save for the future—it’s a strategic approach you can use now to build, protect, and secure your business’s value on your terms.

Jim discusses:

  • Why exit planning and business strategy go hand in hand
  • The 5 stages of value maturity: Identify, Protect, Build, Harvest and Manage
  • Guarding against the “Five D’s” that threaten business value: Death, Disability, Divorce, Distress, Disagreement
  • Building Value and Business Attractiveness through your “4 C’s”
  • Why aligning personal, financial and business readiness is essential for a smooth exit.
  • And more!

Resources:

Connect with McGovern Wealth Group:

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Perspectives on Asset Allocation in Today’s Market with BlackRock’s Eric Mueller (Ep. 54)

Perspectives on Asset Allocation in Today’s Market with BlackRock’s Eric Mueller (Ep. 54)

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Markets are always moving, and with elections and global uncertainty on the horizon, what can you do to position your portfolio for the future?

In this episode of Maximizing Outcomes, Jim McGovern speaks with Eric Mueller, Managing Director and strategist at BlackRock, about the current state of the markets and how to strategically adjust portfolios. 

They cover the economic landscape, interest rate cuts, and the strength of corporate earnings, offering actionable advice for investors concerned about the road ahead.

They discuss:

  • An analysis of the current economic and financial market landscape
  • Strategies for portfolio positioning amidst geopolitical and election uncertainties
  • The impact of Fed interest rate cuts on fixed income investments
  • The significance of tax-efficient and personalized investment strategies
  • And more!

Connect with McGovern Wealth Group:

Connect with Eric Mueller:

About our guest:

Eric Mueller is a Managing Director at BlackRock, serving as a senior strategist within their Multi-Asset Strategies and Solutions group. With 17 years of experience at BlackRock, he works closely with portfolio managers and research analysts to analyze market trends and identify investment opportunities across various asset classes. His knowledge includes guiding portfolio positioning, understanding economic risks, and helping investors achieve a range of financial objectives through strategic portfolio management.

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Business Uses of Life Insurance: The Untold Stories Behind Iconic American Brands (Ep. 53)

Business Uses of Life Insurance: The Untold Stories Behind Iconic American Brands (Ep. 53)

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In this episode, Jim McGovern dives into the surprising and crucial role life insurance has played in building and saving some of the world’s most iconic brands. From Walt Disney using his life insurance to fund Disneyland to Ray Kroc leveraging his policy to grow McDonald’s, we uncover how life insurance goes beyond providing death benefits—it’s a powerful tool for business growth, risk management, and ensuring continuity. Jim shares the fascinating stories of Disney, McDonald’s, JCPenney, and Pampered Chef, showing how business owners can protect their companies, fund opportunities, and protect key employees with the strategic use of life insurance. Tune in to learn how this financial tool can transform your business!

Jim discusses:

  • Real-life examples: Learn how Walt Disney, Ray Kroc (McDonald’s), and James Cash Penney (JCPenney) used life insurance to fund their businesses during critical times.
  • Beyond the death benefit: Explore the versatile uses of life insurance for business growth, risk management, and protecting key employees.
  • Key person insurance: Understand how insuring key individuals can help safeguard a company’s value and ensure continuity in times of crisis.
  • Strategic financial tool: Discover how life insurance can provide tax-efficient, liquid cash reserves that business owners can tap into for opportunities or emergencies

Resources:

Connect with McGovern Wealth Group:

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