Tag Archives: Sean Clark

“Above-the-Line” Financial Planning: How to Move the Needle on Your Wealth Management Services (Ep. 66)

December 14, 2022Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCentura Wealth Advisory, Derek Myron, Estate Planning, Financial Plan, financial planning, Liberated Wealth™, Live Life Liberated, Sean Clark, Tax Planning, Wealth Transferlivelifeliberated

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At Centura, we divide financial planning services into two categories: 1) Steps that make your plan just “good enough” and 2) Steps that actually move the needle and make a measurable difference in your wealth.

In this episode, Derek Myron and Sean Clark unpack the four steps that fall “below-the-line” and three steps that fall “above-the-line” in financial planning. They further explain the impact that each step has on your financial plan.

Derek and Sean discuss:

What sets Centura Wealth Advisory’s Liberated Wealth® Process apart
The importance of adopting a forward-looking approach to tax planning
How Centura professionals collaborate with CPAs and estate planning attorneys to improve the client experience
How balance sheet optimization works (and why it matters)
And more

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Effective Tax Deferral Strategies for Real Estate Investors With Mark Kenny (Ep. 59)

August 17, 2022Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCentura Wealth Advisory, financial planning, Investments, Liberated Wealth™, Live Life Liberated, Mark Kenny, Real Estate, REIT, Sean Clark, Tax Deferrallivelifeliberated

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Real estate investors often use a 1031 exchange to defer taxes.

However, a direct 1031 exchange is not possible if you want to transfer your real estate investment into publicly traded REIT shares.

In this episode, Sean Clark, Director of Financial Planning, and Mark Kenny, Advanced Planner, discuss alternative tax deferral strategies using UPREITs and DownREITs.

Sean and Mark discuss:

A brief overview of 1031 exchanges
How UPREITs and DownREITs work — and the difference between them
How the team at Centura Wealth Advisory navigates these transactions
Liquidity, diversification, and wealth transfer benefits of UPREITs and DownREITs
And more

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About Our Guest:

Mark Kenny is a Senior Wealth Planner at Centura Wealth Advisory. He provides advanced tax, estate, and wealth planning to high-net-worth clients. He has over 25 years of experience in estate planning, retirement planning, investments, business succession planning, and family wealth transfers.

Applications of Structured Notes in the Current Market Environment (Ep. 58)

August 3, 2022Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedAlternative Investments, Centura Wealth Advisory, David Cariani, Investments, Liberated Wealth™, Live Life Liberated, Market Downturn, Portfolio Management, Sean Clark, Structured Noteslivelifeliberated

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Both equity and bond markets have experienced a significant downturn in recent months. Will they bounce back up? Or will they continue to plummet?

No one knows. Amidst this uncertainty, structured notes can be a valuable addition to your portfolio.

In this episode, Sean Clark, Director of Financial Planning, and David Cariani, Vice President, discuss how structured notes operate and their applications in the current market environment.

Sean and David discuss:

How structured notes can be customized to meet individual client needs
Creating downside protection without compromising upside potential using growth notes
How to make money in a down market using income notes
Tax implications of investing in structured notes
And more

Resources:

Live Life Liberated: Structured Notes Simplified With Robert Sowinski (Ep. 35)

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How To Make Smarter Planning and Investment Decisions in a Rising Interest Rate Environment (Ep. 52)

April 20, 2022Centura Wealth Advisory, Finance, Financial, Financial PlanningAlternative Investments, Centura Wealth Advisory, David Cariani, Fixed Income, Inflation, Interest Rates, Liberated Wealth™, Live Life Liberated, Sean Clark, Wealth Managementlivelifeliberated

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Interest rates have been considerably lower than inflation for several months now. However, we have started experiencing a rise in interest rates.

During this transition period, as interest and inflation rates adjust over time, how can you strive for better risk-adjusted returns?

Sean Clark, Director of Financial Planning, and David Cariani, Vice President, answer this question in today’s episode! They explore financial planning and investment strategies to help you cope with rising interest rates.

Sean and David discusses:

Why interest rates are a key input into your planning and investment decisions
Potential impact of rising interest rates on the U.S. economy
How to minimize the risk of principal loss and reduced purchasing power
Four alternative investments to consider over traditional fixed income
And more

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What Should You Do When Your Wealth Is Tied up in a Concentrated Stock Position? (Ep. 49)

March 9, 2022Centura Wealth Advisory, Finance, Financial, Financial PlanningCentura Wealth Advisory, Concentrated Stock, David Cariani, Diversification, Investment, Liberated Wealth™, Live Life Liberated, Portfolio Management, Sean Clark, Wealth Managementlivelifeliberated

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If you’re the founder of a public company, a long-term employee with accumulated stock options, or an early investor in a highly successful company, it’s likely that you have a concentrated stock position.

So, what should you do when a major portion of your wealth is tied up in a single stock?

Sean Clark, Director of Financial Planning, and David Cariani, Chief Investment Officer, answer this question in today’s episode. They unpack strategies to help you minimize the downside risk exposure and large tax liabilities that come with a concentrated position.

Sean and David discusses:

How options and exchange funds help you diversify without having to sell your stock
Why leaving a concentrated stock position unattended can be risky
Creative gifting strategies to reduce your capital gains tax
How your level of concentration affects your wealth management decisions
And more

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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

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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.

Episode 3 — Amp Up Your Financial Planning with CLATs (Charitable Lead Annuity Trusts)

April 1, 2020Centura Wealth Advisory, Finance, Financial, Financial Planning, UncategorizedCentura Wealth Advisory, Derek Myron, finance, financial, financial planning, Live Life Liberated, Sean Clarklivelifeliberated

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While many are unfamiliar with Charitable Lead Annuity Trusts (CLATs), those who have heard of this financial tool typically see it as a means to fulfill their philanthropic or estate planning needs.

But Centura Wealth Advisory sees CLATs as a tool that can offer so much more.

Today, Derek Myron joins Centura’s director of planning Sean Clark to explore the world of CLATs and the unique ways they are used at Centura to help clients also solve their income tax planning and retirement planning issues.

In this episode, you’ll learn:

How CLATs are structured and how they work
The different kind of CLATs available and what they’re useful for
How Centura utilizes grantor CLATs
Examples of how CLATs have helped Centura clients realize their financial goals
And more!

Tune in now to learn all about CLATs and how they can help you liberate your wealth!

Resources: Centura Wealth Advisory | Doing Good By Doing Well White Paper