SK Wealth's Solutions & Knowledge podcast

Combine your generosity of spirit with your track record of smart investing to make a real difference in the world. Join Jason and Mac this week to learn innovative approaches to blending financial strategy with social change through non-traditional charitable and political giving. In this episode, we’ll discuss impact investing, program-related investments, and crowdfunding. Gain actionable insights to boost your philanthropic impact. Tune in to learn how strategic giving can shape a legacy of generosity. And don’t forget to subscribe! Resources mentioned in this episode: Episode 57 — Impact Investing

As a successful business owner, how and when to transfer your business to your kids is a significant, complex decision. This week, the guys talk about how to transition ownership to your family. Whether selling or gifting your company, Mac and Jason look closely at pros and cons of each approach through the lens of family dynamics and your retirement goals. They’ll guide you through the preservation of your legacy and the steps to achieving a seamless transfer of business ownership. Tune in for expert insights and practical guidance for successful entrepreneurs like you as you move on to the next phase of your life’s adventure. Tap that subscribe button because there’s no telling what we have in store for you in May! Resources mentioned in this episode: Phantom Stock Plans Explained

Juggling life, kids, and money makes planning for college feel overwhelming, but it's super easy to start and maintain! It’s totally normal to feel the weight of tuition prices and unsure about how to give your children the best opportunity to succeed. Mac and Andrew are here to walk you through getting started, and how to keep it going through all of life’s changes. Tune in to these young parents moonlighting as finance pros as they offer insights on taxes, tips on where to stash your cash, and how to prioritize your child’s financial future without risking your own. There are more great podcasts coming, so go ahead and tap that subscribe button!

Raising financially savvy kids is hard, especially with so much flashy marketing competing for their attention and cash. Financial literacy is essential, but it's largely neglected in school so you’re left to fill the void. In this episode, Mac and Andrew offer practical strategies for teaching your kids about budgeting, banking, saving, taxes, and debt. They also discuss the importance of transparent discussions and real-world experiences to empower your children to lead by example and facilitate open dialogue. Tap that subscribe button so you don’t miss the next installment in our series about children and money! Resources mentioned in this episode: Charles Schwab Financial Calculators The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money by Ron Lieber

As a first-time homebuyer, your kid may have limited resources. You’d like to be able to help, but what's the right way? This week, Mac and Andrew dig into the different strategies to help your child buy their first home, exploring IRS thresholds for cash gifts or the tax benefits of becoming your kid’s landlord. They’ll guide you through the emotional decision-making process and how to determine the smartest ways to help your child without putting your own financial stability on the line. Click the subscribe button for upcoming episodes about helping your children become financially secure.

Teaching your kids about saving and investing now will help them make the smart decisions to thrive in the future. And they’re never too young to start. In this episode, Mac and Andrew discuss how to create a language around money and financial concepts from a very early age that leads to open communication and collaboration as they grow. They talk about some fun ways to get your youngsters engaged, how to teach the value of a dollar, and some savings strategies for their future. Don’t forget to hit that subscribe button – there are more episodes about kids and money on the way! by Morgan Housel Resources mentioned in this episode: The Psychology of Money by Morgan Housel

If your RSUs are about to vest, you know the tax implications can be complicated. How you decide to act is so important. Andrew and Mac are here to help you feel more confident in your next steps so you can get the most out of what you’ve worked so hard to earn. In this episode, the guys will talk about how and when RSUs are taxed, what types of tax treatments are used, and under what circumstances. Don’t worry if it already sounds a little complicated. This episode will help simplify things so you can make your best financial choices. Tap that subscribe button so you don’t miss out on more great guidance like this! Resources mentioned in the episode: Restricted Stock Units

Giving to charities and nonprofits feels great, and with the right philanthropic strategy, you can create a legacy of giving. Today, we talk about the art of aligning donation strategies with your financial plan. Learn about the simplicity of cash donations, the benefits of bequests through wills or trusts, and other examples of strategic philanthropic planning. If you haven’t hit that subscribe button yet, what are you waiting for? We have so much more to come from the financial experts at SK Wealth!

Moving into the executive suite is exciting, as is the compensation you'll be receiving for the extra responsibility you’re taking on. Executive compensation plans are constructed to make sure you’re well taken care of, but they can be complicated. It’s up to you to understand the details in order to make the most out of these new compensation insturments and benefits. This week, Andrew and Mac look into the ways long-term executive compensation plans protect your reputation and financial well-being while explaining the more detailed tax issues so you can make sound decisions about your financial future. Remember to subscribe for more weekly insights from the pros over at SK Wealth!

You’ve set out on a new career adventure and have received a few job offers, so how do you decide? Whether you're a seasoned professional or just starting out, this episode equips you with the knowledge to seize the right opportunities and propel your career to new heights. This week, Andrew and Mac are with you to discuss salary structures, health care and family benefits, and some perks you may not have heard about. Tune in to empower youself to make informed decisions about your professional future. And if you haven’t hit that subscribe button yet, what are you waiting for? Don’t miss out on the further adventures of the dedicated team at SK Wealth! Resources mentioned in this episode: RSUs and stock options.

What happens to your stock-based compensation if you leave your job? Whether leaving a job voluntarily or involuntarily, tune in to learn how to approach your stock-based compensation after you move on. Andrew simplifies the complexities of layoffs, handling stock options, RSUs, and ESPPs while discussing the risks, offering practical advice to help you make timely decisions around your vested options. Learn about negotiation strategies for severance packages linked to stock plans, and the importance of professional guidance to safeguard your financial interests. And don’t forget to subscribe for more real-world advice from the team at SK Wealth!

“Can my investment strategy align with my values while creating positive social and environmental change?” In this episode, learn about the implementation of impact strategies into your portfolio, influencing corporate behavior, and how you can turn your investment dollars into a powerful force for change. Learn how to identify your impact goals, engage in proxy voting, and work with the experts to develop a portfolio that reflects both your financial objectives and personal ethics. Discover the potential of impact investing in areas like food insecurity, cybercrime, environmental issues, and more. And don’t forget to hit the subscribe button for more from the dynamic team at SK Wealth!

In today’s episode, SK Wealth’s CIO, Matt Neyland, discusses tax loss harvesting, the practice of strategically selling securities at a loss to offset gains from other investments. Join Matt as he explains the benefits of tax loss harvesting like accelerated portfolio growth, maintaining year-round market exposure, and increased tax efficiency. Find out how to make market volatility work for you in this fascinating episode. Don't miss out on future insights! Hit the subscribe button for more financial strategies from the seasoned wealth management professionals at SK Wealth!

In our latest episode, we discuss how to seek professional financial guidance when managing your wealth becomes complex. And we know -- the options can be overwhelming. That’s why we’re here to talk you through the process of finding a financial planner who understands and respects your needs, goals, and values. From transparency in portfolio management and clear, easily accessible communication to questions about fiduciary responsibilities, credentials, and fee structures, this episode will help you simplify the vetting process so you can find the right advisor for you. Click the subscribe button for more from SK Wealth about living with intention, tomorrow and today! Resources mentioned in this episode: U.S. Securities and Exchange Commission's Investor.gov website.

This week, join Matt and Andrew as they discuss how to choose your next financial advisor. Aligning your investment strategy with values is key, and a qualified financial advisor can make a real difference in your financial future. In this episode, we’ll look at why clear, consistent communication and a financial strategy adapted to your specific needs is important. Ultimately, trust, proactive communication, and your peace of mind are paramount in choosing the right financial advisor. Don’t forget to hit that subscribe button so you don’t miss all the wisdom from the team at SK Wealth!

Welcome to our latest episode! Today Mac and Jason discuss developing compensation plans for your business. Your team is vital to your success and making sure they are compensated fairly and offered attractive benefits that meet their needs as well your business goals is important. But offering competitive compensation without jeopardizing your bottom line can be a delicate balance. In this episode we’ll go over the components of effective compensation packages, take you through a series of steps to help simplify the process, and offer some advice to keep in mind as you begin to construct your plans. Tune in to learn how to make your team feel valued while aligning with your company's growth and profitability goals. And don’t forget to hit that subscribe button for more business solutions from the pros at SK Wealth! Resources mentioned in this episode: How to Create a Desirable Compensation Plan from Business News Daily.

In today’s Solutions and Knowledge podcast, Certified Financial Planners® Mac and Jason discuss how to approach integrating your bonus or other windfall into your regular spending. From identifying your current financial standing and future goals to avoiding common mistakes like emotional decision-making, you’ll learn strategies to help you make thoughtful decisions that align with your needs and values. Whether you're a spender or saver, we’ll help you strike a balance between planning for tomorrow and enjoying today. Be sure to hit that subscribe button for more pearls of wisdom from SK Wealth! Resources mentioned in this episode: Die with Zero: Getting All You Can From Your Money and Your Life by Bill Perkins.

In today’s episode, Jason and Mac discuss phantom stock plans, a type of deferred compensation that offers employees a financial stake in the company without diluting ownership. Learn the purpose of these virtual units, how they operate, and their benefits and risks. Phantom stocks are a great way to attract and incentivize key talent without the red tape of voting rights or controlling stake in the company. For resources mentioned in this episode, check out our recent podcast Creating a Bonus Plan for Employees as well as the National Center for Employee Ownership.

Join Jason and Mac as they simplify the complexities of employee bonus programs. From navigating the risks of unrealistic expectations to addressing potential disengagement, this episode provides insights into fair and equitable bonus structures. Emphasizing clarity, measurability, and strategic alignment, the discussion offers actionable advice for successful bonus programs. Whether you're a business leader or HR professional, tune in for valuable perspectives on fostering engagement and achieving business success through well-crafted bonus initiatives. For resources mentioned in this episode, check out these sites: PayScale, Radford Global Compensation Database, and World At Work.

As a business owner, retirement planning often takes a backseat to running your company. In this episode of the SK Wealth Podcast, we explore why retirement plans are vital and how to select the right one. Rebecca and Andrew discuss attracting talent, increasing engagement, and tax savings as key benefits of retirement plans for business owners. You’ll learn about various plan options, including SEP IRAs, SIMPLE IRAs, Individual 401(k)s, and more, and the importance of consulting with professionals to make informed decisions. Listen for a client success story and insights on investment options within these plans.