ABC 10

March 3rd 2025 Segment:

Overview

During the Financial Advisory presentation meeting held by Way Financial, CEO Joseph Laswell outlined critical financial strategies for high net worth individuals, emphasizing the unique challenges they face in wealth management. Key topics included the importance of proactive tax planning to navigate the complexities of the IRS tax code and the benefits of tax-efficient investment strategies, such as donor-advised funds for charitable giving. The discussion further highlighted techniques for ensuring wealth longevity, like strategic withdrawal planning and investing in inflation-protected assets. Participants were encouraged to diversify their investments across real estate, private equity, and alternative asset classes, while focusing on stress-free wealth management solutions, including establishing a financial dashboard for easier access to vital information. For further guidance, attendees were provided with contact information and resources available through Way Financial.

Notes

💰 Financial Challenges for High Net Worth Individuals (00:00 – 00:21)

High earners face unique financial challenges

Importance of growing, protecting, and maximizing money

Introduction of Joseph Laswell, CEO of Way Financial

🏦 Tax Minimization Strategies (00:29 – 01:40)

IRS tax code: over 80,000 pages, many on legal tax reduction

Proactive tax planning crucial for wealth preservation

Tax-efficient or tax-exempt investment strategies

Charitable giving through donor-advised funds or family foundations

Redirecting IRS dollars to important causes

🔐 Wealth Longevity (01:41 – 02:44)

Strategic withdrawal planning and advanced tax planning

Inflation-protected assets: real estate, commodities

Family governance: preparing heirs for wealth management

Risks of giving large sums to unprepared individuals

📊 Investment Diversification (02:48 – 04:14)

Real estate: passive income, bank leveraging, tax advantages

Private equity and direct business ownership

Alternative asset classes: hedge funds, structured notes

Unique investments: fine art, vintage cars

🧘 Stress-Free Wealth Management (04:17 – 04:53)

Building a team for organization and simplification

Dashboard for quick access to financial information

Informed decision-making on proactive measures and giving back

📞 Contact Information (04:55 – 05:13)

Phone: 209-542-4929

February 17th 2025 Segment:

Overview

In this episode Joseph Laswell, CEO of Way Financial, provides insights into effective money management and the comprehensive services offered by his firm. Joseph discussed his background in the financial sector and emphasized the importance of trust in client-advisor relationships. He highlighted Way Financial’s independent approach, which allows for a broader range of investment options and a range of services, including wealth management, tax planning, insurance, and estate planning. The discussion underscored that all individuals, regardless of their wealth, can benefit from financial advice aimed at protecting and growing assets. Joseph encouraged attendees to choose an advisor who resonates with their values and to seek second opinions when necessary, concluding with a reminder of the significance of thorough financial planning and how to contact Way Financial for further assistance.

Notes

Introduction to Way Financial (00:00 – 00:18)

1. Money management can be complex
2. Way Financial aims to help navigate financial futures
3. Joseph Laswell, CEO of Way Financial, introduced

‍ Joseph Laswell’s Background (00:24 – 01:27)

1. Licensed at age 20
2. Worked for father’s company for 4 years
3. Started own life insurance agency
4. Specialized in advanced planning and large life insurance cases
5. Expanded into securities and financial planning
6. Emphasizes trust and passion for the work

Independent Advisor Approach (01:27 – 02:29)

1. Not limited to proprietary products like big firms
2. Access to a wide range of investment options
3. Team approach for best-in-class solutions
4. Comprehensive services: wealth management, taxes, insurance, estate planning
5. Unique in offering multiple services under one roof

Choosing a Financial Advisor (02:29 – 03:33)

1. Look for someone you connect with personally
2. Advisor should understand your core values and life stage
3. Importance of feeling listened to and having your best interests served
4. Don’t hesitate to get a second opinion if unsatisfied

Who Benefits from Financial Advisors (03:33 – 04:21)

1. Everyone can benefit, regardless of wealth level
2. Principles of wealth management apply to all amounts
3. Importance of protecting and growing existing assets

Comprehensive Wealth Management (04:21 – 05:11)

1. Four quadrants: Investment management, Taxation, Insurance, Estate planning
2. Systematic approach to addressing all areas over time
3. Goal is to build confidence in financial matters

Closing Remarks (05:11 – 05:31)

1. Importance of comprehensive financial planning
2. Contact information for Way Financial provided

February 3rd 2025 Segment:

Welcome to “Understanding Your Retirement Milestones”

Planning for retirement involves understanding key age milestones that can significantly impact your financial future. Below, we’ve outlined the crucial birthday checkpoints we discussed in today’s show, helping you navigate when and how to access your retirement benefits most effectively.

• Age 59½: A pivotal milestone that allows penalty-free withdrawals from your IRA or old 401(k)s, giving you more control over your retirement funds. Some employer plans may even offer in-service distributions while you’re still working.
• Age 62: Marks your first eligibility for Social Security benefits, though starting this early can reduce your benefits by up to 30%. This decision should carefully consider factors like health, financial needs, and spousal benefits.

Take Control of Your Retirement Timeline

Ready to create a personalized plan that maximizes these retirement milestones? Schedule your complimentary consultation today, and let’s build a comprehensive strategy that aligns with your retirement goals. Click here to secure your appointment.

January 27th 2025 Segment:

Thank you for joining us on your retirement planning journey. After watching our segment on the three critical financial moves for your 50s, you’re taking an important step toward securing your financial future. Below, you’ll find a detailed breakdown of the key strategies we discussed to help you maximize your retirement savings, optimize your investments, and prepare for future healthcare costs. Let’s make your path to retirement clear and confident.

Planning Your Retirement in Your 50s

For those in their 50s, preparing for retirement requires focusing on three essential financial strategies that can significantly impact your future financial security. These key moves help maximize your savings potential while protecting your accumulated wealth and preparing for future healthcare needs.

• Maximize Retirement Savings: Take advantage of catch-up contributions in your 401(k)s and IRAs to boost your retirement savings through compound interest
• Balance Your Investment Strategy: Shift toward a mix of growth and stability through dividend-paying stocks and bonds to protect your wealth while maintaining growth
• Prepare for Healthcare Costs: Start planning for medical expenses through Health Savings Accounts (HSAs) and explore long-term care insurance options to cover future healthcare needs

Take the Next Step Toward a Secure Retirement

Ready to put these strategies into action? Schedule your complimentary retirement strategy session where we’ll help create a personalized plan tailored to your goals and timeline. Click here to secure your consultation today.

January 6th 2025 Segment:

Overview

In this weeks discussion key topics centered around enhancing financial health and mindfulness. Participants discussed the importance of viewing financial fitness similarly to physical fitness and highlighted that a readiness to improve finances often stems from a catalyzing event. Essential steps for gaining financial control were outlined, including creating a cash flow statement and tracking income, expenses, and net worth. The meeting also emphasized the significance of understanding retirement contributions’ tax implications and suggested hiring a trusted investment advisor for personalized guidance. Additionally, the conversation touched on the principles of financial contentment, advocating for mindful spending over income levels, and underscored the necessity of preparing for unforeseen opportunities through emergency accounts and liquidity management. Action items included creating personal financial statements, calculating tax rates, considering professional advice, and establishing emergency funds.

Notes

 Financial Fitness and Mindset (00:00 – 01:05)

• Money and wealth-building don’t have to be intimidating
• Financial fitness is similar to physical fitness
• People need to be ready to take finances seriously
• A catalyst often triggers the desire to improve financial health

 Key Steps for Financial Control (01:06 – 02:00)

• Take an assessment of financial health
• Create a cash flow statement and personal financial statement
• Track income, expenses, and lifestyle costs
• Know your net worth by tracking assets and liabilities

 Retirement Contributions and Tax Considerations (02:01 – 02:37)

• Understand the difference between pre-tax and post-tax retirement contributions
• Find your effective tax rate on your tax return
• Use the effective tax rate to determine whether to do pre-tax or post-tax investing

 Seeking Professional Help (02:38 – 03:13)

• Consider hiring an investment advisor
• Choose someone you like and trust to serve your best interests
• Pay a reasonable fee for financial organization
• Spending money on financial advice is an investment

 Financial Contentment and Principles (03:14 – 03:54)

• Joseph is writing a book on experiencing financial contentment
• Focus on what you do with your money, not how much you make
• Principles of wealth accumulation are the same regardless of income
• Key principle: Make more than you spend

Preparing for the Unpredictable (03:55 – 04:45)

• Be prepared for unexpected opportunities
• Maintain an emergency account
• Understand your liquidity and quick access to money
• Being prepared allows you to take advantage of investment opportunities

Action items

• Create a cash flow statement and personal financial statement (01:23)
• Calculate your effective tax rate from your tax return (02:13)
• Consider hiring an investment advisor (02:57)
• Establish an emergency account (04:17)

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