SK Wealth's Solutions & Knowledge podcast

Estate planning becomes more complex when your wealth is tied up in illiquid assets like businesses, real estate, or collectibles. What will your heirs do when they need immediate cash to cover estate taxes, but your valuable assets can't be quickly (or fairly) sold? This week, Andrew explores how life insurance can provide the liquidity your family needs. They explain how to structure an Irrevocable Life Insurance Trust (ILIT) to ...

Rising interest rates aren’t all bad news, especially when it comes to estate planning. In this episode, Jason and Mac discuss three powerful strategies that thrive in a high-rate environment: QPRTs, CRATs, and GRITs. These aren't your everyday tools, but they could help you pass on wealth more efficiently, reduce taxes, and preserve your legacy. If you're serious about intentional wealth transfer, this one's for you.

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This week, Jason and Mac discuss the challenging journey of financial planning after divorce or losing a spouse. They share insights on managing the overwhelming feelings that come with major life transitions and offer practical steps to regain financial clarity. Rebuilding your financial life isn't just about the numbers. It's about aligning your resources with what matters most to you now. Don't forget to subscribe f...

This week, Mac and Jason discuss how dynasty trusts can be used as powerful estate planning tools for preserving family wealth across generations. They explain how these specialized trusts can minimize taxes and protect your assets long-term. Dynasty trusts can have significant benefits, but they may not be for everyone. Tune in to learn all about the pros and cons. Don't forget to subscribe for more practical advice f...

Wealth transfer planning is more than writing a will. It’s a way to make sure your money serves your values and supports the people you care about. This week, Jason and Mac break down how to navigate the complexities of wealth transfer, minimize tax burdens, and prepare the next generation for financial responsibility. The guys also share how clear communication and thoughtful estate planning can prevent family conflic...

This week, Mac and Andrew discuss the key differences between term and whole life insurance. They share how each type of policy works, the advantages and limitations of both, and who might benefit most from each option. Learning about the difference between term and whole life insurance can help you determine which option will work better for you. Don't forget to subscribe for more practical advice from the SK team!

Running your own business means taking charge of your retirement planning too. This week, Mac and Jason discuss the retirement options available for self-employed individuals. They break down the features and benefits of Solo 401(k)s, SEP IRAs, SIMPLE IRAs, and traditional/Roth IRAs. You'll learn how to select the right plan based on your business structure, income patterns, and long-term goals. The guys also share ins...

After decades of smart financial decisions, many people find themselves with more wealth than they anticipated. This brings new questions about preservation and legacy planning. This week, Mac and Jason discuss generational wealth planning and how to approach these decisions thoughtfully. You'll learn about different account structures, tax considerations, and strategies for maintaining wealth across generations. The g...

What’s the best way to replace your regular paycheck with retirement income? This week, Mac and Jason tackle one of the most common questions they receive from clients transitioning to retirement. They break down different income sources, explain tax-efficient withdrawal strategies, and share practical tips for setting up systematic withdrawals that help maintain the familiar feeling of a regular paycheck. Don't forget...

Alternative investments such as real estate, crypto, and commodities like gold can take time to understand, but many investors successfully use them to diversify their portfolios and protect their wealth. This week, our chief investment officer, Matt Neyland, explores the world of alternative investments and what role they might play in your financial strategy. The guys break down different types of alternative investments, their b...

Structuring an estate plan that efficiently transfers your wealth to your loved ones while minimizing tax exposure can feel overwhelming. Grantor Retained Annuity Trusts (GRATs) may seem complex, but if you understand how to leverage this powerful tool, it may save you and your family a lot of money when it matters the most. This week, Mac and Jason discuss GRATs and how you can use them as a strategy for minimizing taxes while pas...

This week, Mac and Jason discuss tax-efficient investing strategies. They break down the difference between taxable and tax-advantaged accounts, and share what you need to know about managing your portfolio with taxes in mind. It’s important to remember that while tax-efficiency can make a big difference in your investments, it’s only one piece of a comprehensive financial plan. Don't forget to subscribe for more practical advice f...

A Spousal Lifetime Access Trust is an irrevocable trust for high-wealth couples that helps increase tax efficiency in your estate and gives your partner a financial safety net. If you think a SLAT could be the right choice for you, now is the time to act. SLATs can help you take advantage of current tax laws expiring in 2025. Jason and Mac explain how to use SLATs to reduce estate taxes, maintain access to assets, and protect wealt...

This week, Jason and Mac discuss what you need to know if you’re ready to sell your residential investment property. Maybe managing your rental property has lost its charm, or you rarely visit your vacation property. Or you could be enticed by current attractive market values. Learn about rental property depreciation, investment options, how to manage taxes efficiently with strategies like the 1031 exchange. Get insights into worki...

Social Security may not be the focus of your retirement plan, but there’s a lot of value in maximizing your benefit. In this episode, Andrew discusses how to time your claim, survivor benefits, and post-retirement work considerations. Learn how Social Security fits into your broader financial picture and how to efficiently manage taxes associated with Social Security. Don’t miss this episode, and subscribe for more expert guidance ...

How does Social Security even work anyway? In this episode, Andrew covers what it is, how it’s funded, and the basics of benefit timing and age calculations. He'll discuss strategies for both singles and married couples, as well as the effect of claiming early versus delaying your benefits. Learn how to tailor your Social Security strategy based on health, financial needs, and long-term goals. Subscribe now for more ab...