Tag Archives: financial planning

2022 FEATURE

The Importance of an Exit Strategy for Business Owners (Ep. 33)



As a business owner, your company’s future depends on your actions today. And making the wrong action could end up costing your family, your employees, and your business more than you realize.

In this episode, Keith Beggs sits down with Nick Dupre, Board Certified Estate, Tax Planning Attorney and Managing Partner at Stanfield & Dupre, PLLC, to discuss the importance of trust planning, and why you need to have a plan in place should the unfortunate happen and you can no longer run your business. 

Keith and Nick discuss: 

  • The value of trusts specifically for business owners
  • How to ensure your business is synchronized and runs well without you
  • The importance of setting up a plan if you should become no longer able to take care of your business 
  • What the process of exit strategy planning looks like for a business owner 
  • An attorney’s perspective of areas of pitfalls and mistakes commonly made during the asset protection, and exit strategy planning processes 
  • And more! 

Resources: 

The Four Rs of a Business Owner: Recruit, Reward, Retain & Retire with John McDonough (Ep.30) 

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About our Guest: Nicholas A. Dupre is a native Houstonian and worked for more than 10 years for two premier boutique firms in the Houston and Woodlands area before becoming an owner and partner in 2017. He is Board Certified in Estate Planning and Probate and concentrates on probate, estate and gift tax planning, business planning and taxation, asset protection, estate administration, charitable organizations, real estate transactions, tax controversies, and intellectual property transactions.

In 2004, Nick earned his Bachelor of Arts in Political Science from Trinity University. In 2007, he earned his law degree (Juris Doctorate) from the Texas A&M School of Law, where he graduated cum laude. Nick is a member of the Houston Business Estate Planning Council, the Disability and Elder Law Attorneys Association, and the Woodlands Kiwanis Club.

In addition to his career as an attorney, Nick, his wife, Adryan, and their four children attend Berachah and C3 Christ Community Church of Magnolia. Nick is an accomplished pianist and regularly competes in marathons and other endurance events, recently completing his third full distance Ironman Triathlon.


2022 FEATURE

Tax Planning for Business Owners with Sarah Jones, CEO of Sarah Jones CPA LLC (Ep.32)



Although tax season might be over, tax planning never ends.

Stay on top of your finances now to avoid penalties later that you weren’t anticipating or budgeting for.

In this episode, Keith Beggs talks with Sarah Jones, CEO of Sarah Jones CPA LLC, about her experience as a Certified Tax Planner, and what her and her company do for various types of business owners to save them thousands of dollars during tax season. 

Keith and Sarah discuss: 

  • Common mistakes business owners make when it comes to filing their taxes 
  • What is a self-employment tax and how it might affect your finances 
  • Why some business owners make the mistake of understanding what type of corporation they fall under 
  • The importance of proper bookkeeping
  • And so much more 

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About our Guest: Sarah Jones is a long-time Willis resident (Go Kats!) and is a WHS graduate. She is a Certified Public Accountant in the state of Texas and is an Enrolled Agent; licensed with the IRS in all 50 states. She holds a Master of Business Administration, Master of Science in Accountancy, and a Master of Science In Finance. She also holds a Certificate in Financial Management from Cornell University. Sarah also holds the prestigious designation of Certified Tax Planner, available only to CPA’s, EA’s, and Attorneys. Her passion is tax planning and strategically setting her clients up for long-term success in building their dreams, protecting their assets, and growing their legacy. She has been married to Phil Jones for 10 years and together they have four children: Devyn Conner, a resident of Louisiana; Kloe Bailey, a student at Dallas Baptist University; Taylor Jones, a student at Texas A&M University, and Phil Jones III, a spunky 7 year old who gets spoiled by his older sisters. They are members of Over Under Fellowship and enjoy traveling, working out, and spending time with family.

 


2022 FEATURE

Retirement Finance with Patrick Kelly (Ep. 31)



Planning for retirement isn’t a subject that we can tread lightly about.

One of the biggest questions people ask themselves is, “do I have enough money to retire and sustain my current lifestyle?”

In this episode, Keith Beggs interviews Patrick Kelly, best-selling author, and highly sought-after speaker and trainer. Patrick and Keith discuss how to ensure that you’re prepared for retirement so that you can live the lifestyle you want to.

Keith and Patrick discuss:

  • Why there is limited information about life insurance and the benefits
  • How to make life insurance, annuities, and retirement planning more exciting
  • How baseball relates to building long-term wealth
  • The importance of being proactive instead of reactive in building long-term wealth
  • And more

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About our Guest: Patrick Kelly is the best-selling author of 7 books. Tax-Free Retirement (2007), The Retirement Miracle (2011), Stress-Free Retirement (2013), The 5 Retirement Myths (2015), Seven Secrets to a Happy Retirement (2016), The Life Insurance Dilemma (2017), and Tax-Free Retirement – 10th Anniversary Edition (2017). Which together have sold more than 1,000,000 copies nationwide. Patrick has been one of the industry’s most sought-after speakers and trainers, delivering his unique message to over 150,000 financial professionals from coast to coast since the release of his first book in 2007. One of his greatest passions is to help consumers understand they are able to step off the roller coaster of fear and loss and onto the peace-filled road of growth and stability. Patrick lives in the Pacific Northwest with his wife of 28 years. Together they love spending time with their 4 children, their son-in-law, and their grandson.


2022 FEATURE

The Four Rs of a Business Owner: Recruit, Reward, Retain & Retire with John McDonough (Ep.30)



Retaining top talent has always been a concern for business owners in all types of industries and company sizes. But finding ways to do this without breaking the bank can be difficult. 

In this episode, Keith Beggs interviews John McDonough, senior managing director at Cool Springs Financial LLC, about how to retain top talent in your company, and rewarding these employees without impacting your own company growth or monetary growth. 

Keith and John discuss: 

  • How to set up retention programs for your C-suite level employees that aren’t bonuses 
  • How the non-qualified benefit can give the employers more control but still satisfy the needs of your employees
  • Pros and cons of a ESOP (Employee Stock Ownership Program) 
  • Why having your loan on the books can make you unbankable for future endeavors
  • Protecting yourself from the sudden departure of a top talent employee  

Resources: 

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About our Guest: John is one of the original four Managing Directors to take Cool Springs Financial’s Prestige Strategy to market focusing on business, estate planning and retirement solutions that utilize specialty financing.

In his business planning practice, John helps business owners, executives, and key employees with strategies for executive compensation, employee retention, bonus structures, etc., all designed with little to no cost to the company and little to no tax to the employee.  John’s experience with Cool Springs and his ability to structure designs uniquely to fit the clients needs has made him a highly sought after resource for the rest of the industry.  

John has spoken at national meetings as a product matter expert, has served in an advisory role, and has served on the board of directors of several national organizations.

John married his high school sweetheart, and the two are proud parents of beautiful daughters.  He is passionate about his faith, family, and friends.  In his spare time, when John isn’t golfing, he is helping those in need through philanthropic initiatives he and his wife believe in deeply.

 


2022 FEATURE

27. Understanding the Current Supply Chain World with guests Jay Calavan and Emily Andrews from Trucks for You



For the last few months, every time the news is turned on all anyone can hear about is the supply chain problems not only affecting the United States but also the rest of the world. 

In this episode, Keith Beggs sits down with Jay Calavan, owner of Trucks For You and Emily Andrew, senior director of sales and marketing and driver recruitment for Trucks For You to talk about supply chain issues and what their company is doing to stay on top of the game. 

Keith, Jay and Emily discuss: 

  • Current problems occurring in supply chains and how Trucks For You is handling it
  • The effect COVID has had on the shipping and receiving industry 
  • What changes could happen to help alleviate some of the bottleneck 
  • The staffing situation when looking for long haul and other truck drivers 
  • How Trucks For You recruits new drivers 
  • Trucks For You’s strategy to stay on top 
  • And more!

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About our Guests: 

Jay Calavan is the Owner of Trucks for You, starting there in 2005. Previously he was a Sales Manager for Cintas Corporation, and a Service Manager for Cintas. He graduated from Oklahoma State University in 1997. 

Emily Andrew is the Director Of Sales & Marketing for Trucks for You, as well as the Driver Recruitment, with experience in the transportation, medical & hospitality industries. Starting with Trucks For You in 2018, Emily is skilled in Negotiation, Budgeting, Sales, Customer Satisfaction, and Sales Operations. She has a special interest in data mining to increase efficiency and improve outcomes.


2022 FEATURE

26. The Facts About Indexing You Need to Know with Laurence Black



When dealing with finances and the markets, you want to be sure you know everything that can help you make money and stay on top of what is going on. 

In this episode, Keith Beggs talks to Laurence Black, founder of The Index Standard and Index Advisor to Professor Robert J Shiller. Laurence shares everything an advisor needs to know about indexing and recent changes with the S&P 500. 

Keith and Laurence discuss: 

  • Benefits for the client when it comes to indexing
  • Reasons for the recent shift towards favoring indexing
  • How carriers price indexes to get the capsule participation rates they have
  • Why volatility has such a major effect on pricing 
  • Expectations for bond portfolios in the next 10 years 
  • And more

Resources: 

Barclays.com 

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About Our Guest:

Laurence Black is the founder of The Index Standard and an index advisor to Professor Robert J Shiller. The Index Standard is an information portal providing ratings, forecasts and guides unmasking the mystique behind indices and making finance more approachable. Earlier in his career Laurence instigated the Shiller Barclays Index family with Barclays and Professor Shiller. He has appeared interviews with the Financial Times, Bloomberg and Structured Retail Products and is a frequent contributor on index thought leader pieces.

Prior to this, Laurence was a Managing Director at Barclays where he held the position of Global Head of QIS Origination & Development. He had responsibility for developing the QIS index range, for index partnerships and for working with clients to deliver multi asset solutions based on their needs. Laurence instigated and led Barclays’ index partnerships with Professor Shiller, Nouriel Roubini, Novus and GAM.

Laurence was the Head of Indexes at ABN AMRO before joining Barclays, where he built the index business over a seven year period. He has previously held trading and client account management roles at Lehman Brothers, Deutsche Bank and Credit Suisse. He holds an MBA from the University of Warwick, UK, and a bachelor’s degree from the University of Cape Town, South Africa.


2022 FEATURE

25. How to Overcome Spender’s Guilt



Do you ever feel guilty about spending money? Are you worried about how inflation is going to impact your financial plan?

In this episode, Keith Beggs talks about inflation, and how last year’s hyper-inflation has led to paranoia surrounding people’s money. Keith also talks about spending guilt, and what you can do to overcome it. 

Keith discusses: 

  • Inflation and ways to protect your money 
  • How an advisor can help clients who are afraid to spend or spending too much
  • How listeners can reach Keith for more financial advice 
  • And more

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2022 FEATURE

24. The Importance of Your Involvement in Your Children’s Quality of Education with Lucas Scanlon



The election for Cypress-Fairbanks ISD’s Board of Trustees’ seats 5, 6 and 7 is approaching, and the candidates are eager to show off their plans for your child’s education to better their academic future. 

In this episode, Keith Beggs sits down with Lucas Scanlon, candidate for position 7 on the Cypress-Fairbanks ISD’s Board of Trustees, to talk about his views about the school system, and how his campaign is focused on the students and improving their quality of education. 

Keith and Lucas discuss: 

  • The recent decision about the reconciliation bill
  • Issues that stand out to Lucas in our current education system
  • The importance of the current campaign running for the Board of Trustees 
  • How Lucas is involving the parents and people who live in the community to concur the biggest issues in the Cypress-Fairbanks ISD area 
  • And more

Resources: 

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About our Guest: Digital innovation leader who defines opportunities and unlocks business value by leading transformations, designing new customer experiences, building modern technology, data analytics, and driving cross-functional automation.

Establishes purpose-built teams and organizational structures to enable the planned innovation and sustain the new capabilities the digital organization will need to provide to the business.

Lucas leads his career with start-ups and continues to drive entrepreneurial vision with his clients, be it in new ventures, lines of business, or in established firms who need to modernize. Currently running for seat 7 on the Cypress-Fairbanks ISD’s Board of Trustees. 


2022 FEATURE

23. The Academic Honest Investing Vehicles Wall Street Won’t Tell You About



The world of investing is full of different strategies that different people will swear by. But it’s important to actually know which methods are academically founded and focused on making you money.

There may not be one single perfect investing method, but by looking at historical performance and financial science, there are certainly some investment vehicles that are more likely to help you achieve your desired outcome. 

In this episode, Keith Beggs discusses some common investment vehicles that have had proven success, and others that have not had the same type of outcomes. 

Keith discusses: 

  • Safe money investment options that are popular right now 
  • The changing history of Bank CDs and why they may or may not be helping
  • Why fixed index annuities have become one of the fastest growing investment vehicles
  • How fixed index annuities can eliminate some of the common risks of other investment vehicles 
  • And more

Resources: 

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2022 FEATURE

22. Business Side of the Basketball Court with Anthony Tolliver of the NBA’s 76ers



When you think of basketball, often you don’t think of business. But in reality the business side of basketball is what makes the game happen.  

In this episode, Keith Beggs speaks with NBA player Anthony Tolliver, who most recently played for the Philadelphia 76ers, about the business side of the NBA, including contract negotiations and the different legal and business roles that take part in making games run. Anthony also shares his own experiences becoming an entrepreneur as he approaches the end of his career as a player. 

Keith and Anthony discuss: 

  • Anthony’s experience in the NBA and how he became involved in the business aspect
  • Anthony’s experience as vice president on the NBA’s executive board
  • A look into how the collective bargaining agreement works for players in the NBA 
  • Anthony’s investment process as an entrepreneur and his favorite industries to invest in 
  • And more

Resources: 

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About our Guest: Anthony Lamar Tolliver is an American professional basketball player who last played for the Philadelphia 76ers of the National Basketball Association (NBA). He played college basketball for the Creighton Bluejays.

Experienced Owner with a demonstrated history of working in the sports industry. Skilled in Entrepreneurship, Event Management, Team Building, Public Speaking, and Fundraising. Strong business development professional with a Bachelor of Science (BS) focused in Finance, General from Creighton University.