The Wealth Stream Podcast

Important Lessons About Long-term Investing & Inflation With Michael Shea (Ep. 114)

In a world plagued by rising prices, inflation, and interest rates, you can’t help but wonder: How will these factors impact the stock market and our financial stability? In this episode, Tim Scannell introduces Michael Shea, the Managing Director of the Investment Solutions Group at Hightower. Michael shares his investment style focused on value and capturing dividend flow, the importance of managing against benchmarks, and staying current with market information.  Learn about Michael’s views on inflation and its impact on financial markets and how he advises clients while considering the impact of inflation and interest rates on their finances. Michael discusses: * His unique stance on the impact of inflation and the current state of the markets * The Federal Reserve’s response to the pandemic and why he entirely disagrees with it * The impact of the Fed overstimulating the economy and how it contributed to the inflation we are seeing now * The impact of reshoring and what you can expect from this change in the future * And more   Connect With Tim Scannell: * tscannell@scannellwealth.com [tscannell@scannellwealth.com] * Hightower Great Lakes [https://hightowergreatlakes.com/] * LinkedIn: Tim Scannell [https://www.linkedin.com/in/timscannell/] * Twitter: Tim Scannell [https://twitter.com/TimScannell] * (219) 531-4941 Connect With Michael Shea: * LinkedIn: Michael Shea [https://www.linkedin.com/in/michael-shea-5947bb278/] About Our Guest: Michael Shea is a financial advisor who works out of Park City, Utah. Shea is an employee of Hightower Advisors, LLC. Shea has gained experience at Hightower and Prudential Equity Group, LLC. Shea maintains Series 63 and Series 65 licenses, qualifying them as both a securities agent and an investment advisor representative, and is able to work in Illinois, New York and Utah.

Exploring the Current State of the Economy and the Impact of Inflation with Stephanie Link (Ep. 113)

What’s your take on the importance of infrastructure investment and onshoring for supporting the economy?  In this episode, Tim Scannell invites Stephanie Link, Chief Investment Strategist and Head of Investment Solutions for Hightower, to delve into the services provided by Hightower’s asset management business, the importance of research and staying informed about global markets, and Stephanie’s thoughts on inflation.  They also touch on topics such as infrastructure investment and onshoring, and the impact of higher interest rates on borrowing rates and bond yields. Stephanie also emphasizes the value of talking to colleagues outside of Hightower for different perspectives. Stephanie discusses: * The value of staying informed about the market & including various advisor opinions when wealth planning * Her perspective on rising inflation (what you can expect in the coming months) * The recent state of the US infrastructure and what this could mean for your investments * Her professional insights into the impact of interest rates, the job market, the housing market, and so much more!   Resources:  * A Comprehensive Guide to Business Exit Preparation: A Recipe for Business Success (Ep. 112) [https://thewealthstreampodcast.blubrry.net/2023/08/16/a-comprehensive-guide-to-business-exit-preparation-a-recipe-for-business-success-ep-112/] Connect With Tim Scannell: * tscannell@scannellwealth.com [tscannell@scannellwealth.com] * Hightower Great Lakes [https://hightowergreatlakes.com/] * LinkedIn: Tim Scannell [https://www.linkedin.com/in/timscannell/] * Twitter: Tim Scannell [https://twitter.com/TimScannell] * (219) 531-4941 Connect With Stephanie Link: * LinkedIn: Stephanie Link [https://www.linkedin.com/in/stephanie-link/] * Twitter: @Stephanie_Link [https://twitter.com/Stephanie_Link?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] * Stephanie Link on CNBC [https://www.cnbc.com/stephanie-link/] About Our Guest: Stephanie Link is an experienced Managing Director with a demonstrated history of working in the Investment Management industry. Skilled in Securities, Investment Advisory, Mutual Funds, Trading, and Fundamental Analysis. Stephanie is a strong finance professional with a BS focused in Finance from Boston College Carroll School of Management.

A Comprehensive Guide to Business Exit Preparation: A Recipe for Business Success (Ep. 112)

Successfully exiting your business isn’t easily done without the help of other professionals, credible resources, and other business owners who have “been there, done that!” In this episode, Tim Scannell discusses the value of strategic business planning for business owners. They outline the steps involved in valuing and preparing a business for exit, including estimating the equity value of the business using tools like Biz Equity.  Tim discusses: * The 4 steps of long-term business planning: Discovery, Personal Readiness, Financial Readiness & Determining the Business’ Value * The value of professional guidance including attorneys and CPAs in your business valuation process * How to maintain productivity and keep your eye on the “bigger picture” when valuing your business * Exit channels: What they are & how to know which one is suited for your business needs * And more Resources:  * What You Didn’t Know About Family Office Services (Ep.15) [https://thewealthstreampodcast.blubrry.net/2019/08/21/episode-15-what-you-didnt-know-about-family-office-services/] * Family Office Services Part 2: Making Life Easier (Ep.16) [https://thewealthstreampodcast.blubrry.net/2019/09/04/episode-16-family-office-services-part-2-making-life-easier/] * What To Do When You Hit Your Freedom Point (Ep.82) [https://thewealthstreampodcast.blubrry.net/2022/02/09/what-to-do-when-you-hit-your-freedom-point-ep-82/] * BizEquity: The Largest Provider of Online Business Valuation [https://www.bizequity.com/] * “The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options” by Laurie Barkman [https://thebusinesstransitionsherpa.com/] * Value Builder: Sales & Marketing Software for Business Advisors [https://valuebuilder.com/] * LinkedIn: The Value Builder System™ [https://s.w.org/images/core/emoji/16.0.1/72x72/2122.png] [https://www.linkedin.com/company/valuebuildersystem/?originalSubdomain=ca] Connect With Tim Scannell: * tscannell@scannellwealth.com [tscannell@scannellwealth.com] * Hightower Great Lakes [https://hightowergreatlakes.com/] * LinkedIn: Tim Scannell [https://www.linkedin.com/in/timscannell/] * Twitter: Tim Scannell [https://twitter.com/TimScannell] * (219) 531-4941

Maximizing Social Security Benefits: A Tax Planning Guide (Ep. 111)

Understanding the complexities of Social Security and effectively planning for taxes can significantly impact your finances during retirement. What factors should we consider and know before that phase? In this episode, Tim Scannell explores tax planning related to Social Security and when to elect it. He delves into the complexity of Social Security, the many options available, and the factors to consider when electing Social Security. Additionally, Tim also addresses the importance of partnering with financial advisors who have expertise in tax planning and Social Security to create a flexible plan for retirement. Tim discuss: * The complexity of Social Security and the many options available * Factors to consider when electing Social Security, including full retirement age and life expectancy * The earnings limit for those who retire or lose their job and elect Social Security prior to full retirement age * The importance of considering spousal benefits and benefits to children when making Social Security decisions * How Social Security benefits are taxed and the importance of factoring in taxes when making financial plans * An explanation of how Medicare premiums are impacted by income and how it can affect Social Security benefits * Tax planning strategies for retirement * The importance of partnering with financial advisors who have expertise in tax planning and Social Security to create a flexible plan for retirement * And more!   Connect With Tim Scannell: * TScannell@hightoweradvisors.com [TScannell@hightoweradvisors.com]  * tscannell@scannellwealth.com [tscannell@scannellwealth.com] * Hightower Great Lakes [https://hightowergreatlakes.com/] * LinkedIn: Tim Scannell [https://www.linkedin.com/in/timscannell/] * Twitter: Tim Scannell [https://twitter.com/TimScannell] * (219) 531-4941

The Success Metrics Every Business Owner Should Use (Ep. 110)

How do you measure success in your business? There isn’t one definitive way of measuring the success of your business, however, there are strategies and benchmarks you can use to get an accurate idea of how it is performing. In this episode, Tim Scannell discusses some of the most reliable metrics you can use as a business owner to gauge the value of your business and maximize the return you receive when you decide to exit. Tim discusses: * How to measure growth and success using benchmarks * How to discover the percentage of business value each position in your company holds * The first few things you should do if you become an “accidental business owner” * How he educates business owners and makes them realize the worth of their business PRIOR to exiting and selling it * And more   Resources:  * The Six Power Ratios for Selling Your Business (Ep.86) [https://blubrry.com/thewealthstreampodcast/84452911/the-six-power-ratios-for-selling-your-business-ep-86/] * Leaping From Your Business to Your Next Passion, Part 1 with Stewart McMillan (Ep.88) [https://blubrry.com/thewealthstreampodcast/86066271/leaping-from-your-business-to-your-next-passion-part-1-with-stewart-mcmillan-ep-88/] * Leaping From Your Business to Your Next Passion, Part 2 with Stewart McMillan (Ep.89) [https://blubrry.com/thewealthstreampodcast/86520981/leaping-from-your-business-to-your-next-passion-part-2-with-stewart-mcmillan-ep-89/] * Creating A Successful Exit Plan As A CEO with Scott Bening (Ep.106) [https://blubrry.com/thewealthstreampodcast/86520981/leaping-from-your-business-to-your-next-passion-part-2-with-stewart-mcmillan-ep-89/] Connect With Tim Scannell: * tscannell@scannellwealth.com [tscannell@scannellwealth.com] * Hightower Great Lakes [https://hightowergreatlakes.com/] * LinkedIn: Tim Scannell [https://www.linkedin.com/in/timscannell/] * Twitter: Tim Scannell [https://twitter.com/TimScannell] * (219) 531-4941