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"Optimizing Your Financial World" with Mark Wade Podcast Series
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Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.
Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.
Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it’s not about how many assets you have or how much income you create, it’s about how much you get to keep!
So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.
Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.
On the latest episode of Optimizing Your Financial World, we’re looking at four ways business owners who sell their companies might mitigate taxes. Let’s dive in!
Chapters:
0:00 – Introduction and overview on the topic of the day
1:23 – Tax-related issues are top-of-mind concerns for business owners
2:51 – Transferring your assets regularly over time
4:35 – Selling your business through an installment sale approach
5:51 – The risks associated with an installment sale approach
7:58 – Opportunity Zones and how a business owner can leverage these when selling a business
9:52 – Charitable remainder trusts can be a great solution
11:47 – Addressing the income component with a charitable remainder trust
13:33 – Which of these strategies makes the most sense for you?
15:10 – How to get in touch with Mark and his team to discuss this futher
16:05 – Closing remarks