Category Archives: Centura Wealth Advisory

37. The Financial Planning Guide for High-Net-Worth Families

September 8, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCentura Wealth Advisory, Derek Myron, Estate Planning, financial planning, High Net Worth, Kyle Malmstrom, Liberated Wealth™, Live Life Liberated, Tax Planning, Wealth Managementlivelifeliberated

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Most high-net-worth families work with various professionals, such as CPAs, estate planning attorneys, and valuation experts.

How can you bring them all together and create a holistic financial plan?

Derek Myron and Kyle Malmstrom answer the question in this episode. Join them as they explain strategies to create a forward-looking financial plan, minimize income and estate taxes, and optimize your wealth transfer for future generations. They also walk you through Centura Wealth Advisory’s comprehensive wealth management process that liberates you from financial burdens.

Derek and Kyle discuss:

Ways to know if a particular financial services professional is ideal for you
How to avoid a silo approach to your finances and focus on long-term planning
Tips for building a customized financial strategy based on your unique goals
Best practices to help you prepare for the potential tax changes
And more

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36. Leveraging Real Estate as Part of Charitable Planning With Wendy Beerbower

August 25, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCapital Gains Tax, Centura Wealth Advisory, Charitable Contributions, Dana Levin, Eisenhower Health, Liberated Wealth™, Live Life Liberated, Real Estate, Tax Planning, Wendy Beerbowerlivelifeliberated

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Have you ever thought about donating real estate?

Not only can it minimize your capital gains taxes, but also help you amplify the impact of your charitable contributions in the community.

In this episode, Dana Levin, client Relationship Manager at Centura’s Philanthropic Strategies, speaks with Wendy Beerbower, Senior Vice President at Eisenhower Health Foundation. They explore a variety of simple and tax-efficient ways to donate real estate (or other highly appreciated assets) to the charities you care about deeply.

Wendy discusses:

Why current market conditions and existing tax laws are optimal to donate real estate
How to use charitable remainder trusts (CRUTs) to donate real estate without losing your continuous income stream
Ways to leverage retained life estates for a tax deduction for a future gift
Tips for nonprofit leaders to attract more real estate donors
And more

Connect With Wendy Beerbower:

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About Our Guest:

Wendy Beerbower is the Senior Vice President –– planned and major gifts at Eisenhower Health Foundation, where she has been making an impact for the past four and a half years. Wendy has an interesting background holding a real estate license since 2007, and having worked in real estate at Coldwell Banker and in the FinTech and financing space with EquityKey, in both real estate and nonprofit. She is experienced in all facets of business development process management, including strategic planning, effective people management, and innovative marketing solutions.

35. Structured Notes Simplified With Robert Sowinski

August 11, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedAdvisors Asset Management, Centura Wealth Advisory, Fixed Income, Investment, Kyle Malmstrom, Liberated Wealth™, Live Life Liberated, Robert Sowinski, Structured Notes, Structured Productslivelifeliberated

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The interest rates for fixed income investments have reached historic lows. However, structured notes, which are somewhat unknown to many investors, can help you maintain returns through this environment.

In this episode, Kyle Malmstrom speaks with Robert Sowinski, managing director, structured products at Advisors Asset Management. Robert simplifies the complexities of structured notes and discusses how you can use them to boost your returns –– while accounting for the various investment risks involved.

Robert discusses:

An easy-to-follow explanation of how structured products operate
How you can cap your downside risk while maintaining a decent upside potential
The different timeframes and liquidity options available in structured notes
Why structured notes are becoming increasingly popular among retail investors
And more

Connect With Advisors Asset Management:

Advisors Asset Management

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34. Minimizing Taxes Through Cost Segregation With Isaac Downing

July 28, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCapstan Tax Strategies, Centura Wealth Advisory, Cost Segregation, Depreciation, Isaac Downing, Liberated Wealth™, Live Life Liberated, Sean Clark, Tax Planning, Taxeslivelifeliberated

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Are you aware of how cost segregation (Cost Seg) can minimize your taxes? It helps you reduce your tax liability by accelerating depreciation on real estate assets.

In this episode, Sean Clark, Director of Planning, interviews Isaac Downing, Regional Director at Capstan Tax Strategies, and an expert in the cost segregation landscape. Isaac explains how to understand the different components of cost segregation and discusses how you can implement it effectively to optimize your taxes.

Isaac discusses:

How to categorize assets into different buckets based on their depreciable lives
The ideal time to utilize cost segregation
Ways in which the Tax Cuts and Jobs Act affected cost segregation
What bonus depreciation is – and the associated tax benefits
And more

Connect With Isaac Downing:

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About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies. A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance. After a stint managing over $3B worth of fixed assets for a luxury hotel REIT, he began performing cost segregation projects in-house. Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

33. Creative Gifting Strategies To Optimize Your Estate Plan With Charles Levun

June 30, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCentura Wealth Advisory, Charles Levun, Estate Planning, estate tax, Gift Tax, Kyle Malmstrom, Levun Goodman and Cohen, Liberated Wealth™, Live Life Liberated, Tax Planninglivelifeliberated

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A lot of people are minimizing their estate taxes through current estate tax exemptions. But what if you aren’t ready to transfer your wealth, and want to retain access to your assets?

There are multiple gifting strategies to help you do that.

Join Kyle Malmstrom and Charles Levun, partner at Levun, Goodman & Cohen LLP, as they dive into these tax saving strategies. They explore ways to help you transfer maximum wealth to your beneficiaries in light of the expected tax changes under the Biden Administration.

Charles discusses:

The potential impact of future tax changes on your estate plan
How to use trust funds to transfer wealth while ensuring creditor protection
Ways to enhance your tax exclusions by using various discounting techniques
What to do if your estate is too small to give away
And more

Connect With Charles Levun:

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About Our Guest:

Charles Levun is a partner and one of the founders of Levun, Goodman & Cohen. In addition to his role as a full-time practicing tax and business attorney, Mr. Levun is an author and educator who has developed a national reputation in the field of taxation. Mr. Levun has been practicing law since 1970, focusing on a business and tax practice, with a concentration in the representation of closely held businesses and wealthy individuals, business structuring and estate planning.

32. Key Things You Need To Know About Corporate Valuations With Brent Glova

June 16, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedBrent Glova, Business Valuations, Centura Wealth Advisory, Derek Myron, Estate Planning, Liberated Wealth™, Live Life Liberated, Mergers and Acquisitions, Valuations, Vantage Point Advisorslivelifeliberated

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For a lot of advisors, attorneys, CPAs, and other professionals, 2020 was one of their busiest years. Now, with hot market conditions and new rules and regulations, 2021 is shaping up to be even busier!

In this episode, Derek Myron is joined by Brent Glova, managing director at Vantage Point Advisors, Inc. They explore the ins and outs of the current valuation landscape for both private and public companies, and share strategies to help you cope with the changing market conditions.

Brent discusses:

The impact of COVID-19 on various valuation methods
Major factors driving the growth of the M&A market and business valuation needs
Tips for efficient and timely estate and gift tax planning to adapt to potential tax changes
Why you should start planning your valuation process as early as possible
And more

Connect With Brent Glova:

Connect With Centura Wealth Advisory:

About Our Guest:

Prior to becoming managing director in Vantage Point Advisor’s San Diego office, Brent Glova has been a director and manager with the firm. In his tenure in the valuation field, Mr. Glova has performed business valuations for purchase price allocations, goodwill impairment testing, share based compensation valuations, ESOP transactions, board advisory, shareholder buy-outs, fairness opinions, and for fundraising support. Mr. Glova has served domestic and international clients in an array of industries including: life sciences, technology, real estate and industrials, among others.

31. How Life Insurance Solutions Can be Used as an Alternative to Fixed Income Investments With Christopher Hyman

June 2, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCentura Wealth Advisory, Christopher Hyman, David Cariani, Fixed Income, Indexed Universal Life Insurance, Investment Management, Liberated Wealth™, Life Insurance, Live Life Liberatedlivelifeliberated

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The interest rate yield on traditional fixed income investments, such as bonds, are at an all-time low. Consequently, there is decreased upside potential and a greater downside risk.

In this episode, David Cariani, CIO, is joined by Christopher Hyman, senior case designer at Centura Wealth Advisory, to discuss how life insurance can be a powerful alternative vehicle for fixed income investments. They also dive into the trifecta of benefits that it provides –– downside protection, high liquidity, and an attractive upside potential relative to investments with a similar risk profile.

David and Christopher discuss:

How major banks have benefited from Bank-Owned Life Insurance (BOLI) investments
Key considerations to keep in mind while selecting a carrier for the life insurance
The eligibility criteria to invest in the Indexed Universal Life (IUL) insurance
Potential issues that can arise while investing in life insurance and ways to deal with them
And more

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About Our Guest:

Chris has been in the financial services industry for over 13 years. As Senior Case Designer, Chris models in-depth customized planning solutions that fit the diverse needs and goals of Centura clients, and also assists in the ongoing stewardship of those plans. Before joining Centura, Chris served as the sole Case Design specialist for an advisory member firm of M Financial Group, where he developed life insurance solutions for high net worth clients, geared toward estate planning, tax efficiency, and executive compensation.

Episode 30 – How Peer Advisory Groups Help You Learn From Fellow Business Leaders –– With Joe Phillips of The BEST CEO Group

May 19, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedBusiness, Business Leaders, Business Owners, Centura Wealth Advisory, CEO, Derek Myron, Entrepreneurship, Executives, finance, Finances, financial, Financial Advisors, financial planning, Joe Phillips, Jonathan Freeman, Leadership, Liberated Wealth™, Live Life Liberated, Live Life Liberated Podcast, Peer Groups, Tax Planning, Tax Provisions, Taxes, The BEST CEO Grouplivelifeliberated

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When business leaders from different industries come together, it can lead to a diverse set of perspectives that challenge you to think differently, and help you make better decisions.

In this episode, Derek Myron is joined by Joe Phillips, founder and chairman of The BEST CEO Group. With nearly 23 years of experience in running businesses all over the world, Joe shares how he coaches and mentors several CEOs to improve their leadership skills and business acumen through his highly exclusive peer advisory group.

You will learn:

What Joe’s three peer groups are all about – and how they serve CEOs and their key employees
How a diverse group of businesses can help you broaden your scope of knowledge
Why sharing your issues with fellow executives can be highly impactful
What differentiates The BEST CEO Group from other peer advisory groups
And more!

Tune in now to learn how you can glean insights from fellow business leaders and enhance your leadership skills!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Joe Phillips on LinkedIn | The BEST CEO Group | Contact Joe Phillips at: Joe@thebestceogroup.com

Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning

May 5, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedBusiness, Capital Gains Tax, Centura Wealth Advisory, Derek Myron, Estate Planning, Financial Advisors, financial planning, Gift Tax, Kyle Malmstrom, Liberated Wealth™, Tax Changes, Tax Proposal, Wealth Transferlivelifeliberated

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With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated.

What can you do now to minimize the impact of this act on your estate planning?

Derek Myron and Kyle Malmstrom answer this question in this episode. They discuss what the new tax proposal entails, the implications if it is passed, and things you can do before the 2021 year-end to minimize your estate taxes and ensure maximum wealth transfer to your beneficiaries.

You will learn:

Tax saving opportunities posed by the current, all-time high benefits
Why you should contact a professional and begin estate planning as early as possible
The benefits of IR-2019-189 regulations for your estate and gift taxes
Strategies to build a blueprint for efficient estate planning
And more!

Tune in now to learn how you can prepare yourself to deal with the expected tax changes!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Kyle Malmstrom on LinkedIn

Episode 28 – Finding the Right Insurance P&C Coverage for Your Business –– With Pamela Holden of Alliant Insurance Services

April 21, 2021Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedAlliant Insurance Services, Business, Business Owners, Business Risks, Centura Wealth Advisory, Entrepreneur, finance, Finances, financial, Financial Advisors, financial planning, Insurance, Jonathan Freeman, Liberated Wealth™, Live Life Liberated, Live Life Liberated Podcast, Pamela Holden, Risk, Risk Management, Tax Planning, Tax Provisions, Taxeslivelifeliberated

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Insurance is a necessary risk management tool, but many business owners struggle with finding the right coverage, carrier, and riders, to meet their unique business. But when a claim happens, who is on your side to navigate the complex and often misunderstood claims process?

In this episode, Jonathan Freeman is joined by Pamela Holden, Vice President at Alliant Insurance Services. With experience in law, accounting, and insurance, Pamela shares her expert insights on effective risk management strategies to help business owners get the best coverage for their needs.

You will learn:

How failing to focus on small details can cost you millions of dollars
Why you, as a business owner, should talk directly to the underwriters about your insurance needs
Why you should verify that brokers have a variety of subject matter experts on their team
Business risks posed by COVID-19 and ways to deal with them
And more!

Tune in now to discover best practices to minimize your business risk through insurance!

Resources: Centura Wealth Advisory | Jonathan Freeman on LinkedIn | Pamela Holden on LinkedIn | Contact Pamela: (858) 692-6945 | Email: pam.holden@alliant.com | Alliant Insurance Services, Inc. | Live Life Liberated, Episode 12 – Manage Business Risk with Potential for Financial Upside – With Guest Mark Sims of Captive Alternatives