Tag: Tax Strategies

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What are Qualified Opportunity Zones? with Ray DeSantis of Redbrick LMD (Ep. 34)

What are Qualified Opportunity Zones? with Ray DeSantis of Redbrick LMD (Ep. 34)

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Are you facing a significant capital gain but looking for ways to potentially reduce the tax burden? Tune into this episode to learn about a bipartisan initiative that aims to stimulate economic growth in distressed communities and provide tax incentives to investors that meet certain requirements.

In this intriguing episode, host Jim McGovern invites Ray DeSantis, Managing Director of Capital Markets at Redbrick LMD, to unpack the growing significance of Qualified Opportunity Zones, or QOZs. With nearly 25 years of financial industry experience, Ray provides invaluable insights into how these zones are not only transforming distressed communities but also offering unique tax incentives for investors that meet certain requirements.

Throughout this episode, Jim and Ray discuss: 

  • The essentials and origins of Qualified Opportunity Zones
  • Why they may be attractive for those eyeing significant capital gains, but also have a long-term horizon, a desire to invest in real estate, and low liquidity needs
  • Discover the dual benefits (tax incentives and positive community impact) of investing in QOZs
  • Gain insights into why some real estate investors are ditching the 1031 exchange cycle in favor of QOZs
  • And more!

Resources:

Connect with McGovern Wealth Group:

Connect with Ray DeSantis:

About Our Guest:

Ray DeSantis is the Managing Director of Capital Markets at Redbrick LMD, where he leads investor relations and capital-raising efforts. Prior to Redbrick, he served as Vice President at the CIM Group, focusing on Registered Investment Advisors (RIAs) and Family Offices. He also has experience raising capital for Resources Real Estate’s non-traded REIT and Limited Partnerships. Ray holds an MBA from Bryant University and a degree from Saint Anselm’s College. His expertise spans capital markets, real estate, and tax-advantaged investment opportunities like Qualified Opportunity Zones.

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Hedging Risk in a Concentrated Stock Portfolio with Eric Metz, CFA of SpiderRock Advisors (Ep. 31)

Hedging Risk in a Concentrated Stock Portfolio with Eric Metz, CFA of SpiderRock Advisors (Ep. 31)

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Are you an investor with a large amount of money in just a few stocks? Are you concerned about how to protect against a decline in the stock, but also reluctant to diversify due to significant tax consequences? Are you curious about ways to continue to hold the stock while at the same time have a tax-efficient way to reduce risk in such a concentrated position?

In this episode, Jim McGovern talks to Eric Metz, CFA, President and Chief Investment Officer from SpiderRock Advisors, offering insights for those aiming to protect the wealth they’ve created.

Throughout this episode, Jim and Eric discuss:

  • How SpiderRock Advisors creates solutions designed to help maintain and safeguard wealth by using options strategies
  • How technology has enabled SpiderRock to solve complex problems with scalability for financial advisors and their clients
  • How derivatives can help generate income, provide downside protection and strategically manage risks
  • How SpiderRock’s strategies can minimize tax implications commonly associated with diversifying a stock with low cost basis
  • The importance of communication and customization at the core of investment management 
  • And more!

Resources:

Connect with McGovern Wealth Group:

Connect with Eric Metz:

About our guest:

Eric Metz is President and Chief Investment Officer at SpiderRock Advisors, key driving force behind SpiderRock Advisors’ investment strategies. With a career that began on the trading floors of the CME and CBOE, Eric went on to manage mutual and hedge fund assets at RiverNorth Capital Management. Prior to that, he was a senior trader at specialized firms like Ronin Capital and Bengal Capital.

Educationally, he holds a Magna Cum Laude B.S.E. and an M.S.E. with honors, both in Industrial and Operations Engineering from the University of Michigan. He is also a CFA Charterholder and a board member of the OIC Institutional Advisory Council. Eric’s blend of practical experience and academic excellence make him a key asset in the realm of investment management.

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Retaining Key Employees with Non-Qualified Retirement Plans, Part 2 with Thomas Wyatt, JD, CFP® (Ep. 29)

Retaining Key Employees with Non-Qualified Retirement Plans, Part 2 with Thomas Wyatt, JD, CFP® (Ep. 29)

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For any business owner, losing key employees can be costly and disruptive. Retaining top-performing employees is crucial not only for growing your bottom line, but also for maximizing your enterprise value when it’s time to exit the business.

In the previous episode, we talked about qualified retirement plans. Today, we will discuss non-qualified retirement plans, which serve as an effective incentive to retain talent while simultaneously enabling your business to realize tax savings!

Join Jim McGovern and Thomas Wyatt, JD, CFP® and President of our Columbus office, in this two-part series as they share meaningful insights into various non-qualified deferred compensation plans, and their benefits for both the employer and employee.

Jim and Thomas discuss:

  • How non-qualified retirement plans differ from qualified plans
  • How Section 162 Executive Bonus Plans help retain employees for over a decade (and why they are easy to set up) 
  • A simplified explanation of split-dollar life insurance plans
  • Understanding Supplemental Executive Retirement Programs, which serve as “golden handcuffs”
  • How to reward employees without diluting your ownership using phantom stock plans
  • And more!

Resources:

Connect with McGovern Wealth Group:

Connect with Thomas Wyatt:

About our guest:

Thomas Wyatt, JD, CFP® is a highly skilled Certified Financial Planner, Professional based in Columbus, OH. With a strong focus on assisting businesses, business owners, and individual clients, Thomas has dedicated his career to helping them achieve their financial goals through effective and efficient tax-favored strategies.

Throughout his professional journey, Thomas has specialized in various areas, including Profit Sharing, 401(k) plans, Defined Benefit plans, Non-Qualified Deferred Compensation Plans, and essential employee benefits. By implementing these strategies, he empowers his clients to attract and retain talented individuals while maximizing tax advantages.

Recognizing the significance of individual financial aspirations, Thomas also works closely with individuals to help them shape the future they desire. Through comprehensive planning and personalized strategies, he assists clients in realizing their dreams and securing their financial well-being. With his extensive knowledge and unwavering dedication, Thomas Wyatt, JD, CFP® is a trusted financial partner committed to empowering businesses and individuals alike on their journey toward financial success.

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Retirement Planning Essentials, Part 1 with Thomas Wyatt, JD, CFP® (Ep. 28)

Retirement Planning Essentials, Part 1 with Thomas Wyatt, JD, CFP® (Ep. 28)

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In this two-part series, we’ll be covering qualified retirement plans in Part 1 and non-qualified retirement plans in Part 2. If you’re a business owner, these episodes are a must-listen, as they provide valuable insights into retirement income planning, plan designs, limitations, and how to administer them for maximum tax savings.

In part 1, we provide you with important information for navigating qualified retirement plans. Thomas Wyatt JD, CFP® and President of our Columbus office, will guide you through the complexities and help you make informed financial decisions for your business.

Here’s what you’ll learn in Part 1:

  • Understanding the intricacies of pre-tax IRAs and Roth IRAs, including income limitations and contribution rates
  • Exploring the benefits and limitations of SEP IRAs for small business owners and how they differ from traditional IRAs
  • What Simple Roth IRAs are, and how they compare to a 401k
  • Strategies for business owners on how they can design their 401k plans based on their business goals
  • What the 412(e)(3) plan is, and how it differentiates from other retirement plans
  • And a whole lot more!

Connect with McGovern Wealth Group:

Connect with Thomas Wyatt:

About our guest:

Thomas Wyatt, JD, CFP® is a highly skilled Certified Financial Planner based in Columbus, OH. With a strong focus on assisting businesses, business owners, and individual clients, Thomas has dedicated his career to helping them achieve their financial goals through effective and efficient tax-favored strategies.

Throughout his professional journey, Thomas has specialized in various areas, including Profit Sharing, 401(k) plans, Defined Benefit plans, Non-Qualified Deferred Compensation Plans, and essential employee benefits. By implementing these strategies, he empowers his clients to attract and retain talented individuals while maximizing tax advantages.

Recognizing the significance of individual financial aspirations, Thomas also works closely with individuals to help them shape the future they desire. Through comprehensive planning and personalized strategies, he assists clients in realizing their dreams and securing their financial well-being. With his extensive knowledge and unwavering dedication, Thomas Wyatt, JD, CFP® is a trusted financial partner committed to empowering businesses and individuals alike on their journey toward financial success.

Podcast: Play in new window | Download (Duration: 50:37 — 46.3MB) | Embed

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