Over the past decade, real estate values have soared. Nearly everyone knows someone who has “made a fortune” in real estate and touts it as a “can’t miss” opportunity. While real estate is a valuable addition to many investment portfolios, all real estate is not created equal. Real estate is an industry just like anything else, and those who have devoted careers to it are much more likely to succeed than those who simply dabble with the hope of making a quick return. Since most individuals with a full-time career in another field do not have the time or desire to develop the skills to succeed in real estate, the majority of individuals are best served by passively investing in real estate deals led by professional real estate sponsors. In this episode, we discuss the key factors to evaluating and identifying quality sponsors that create long-term value for their investors. If you are interested in private real estate investing, we think you’ll enjoy this episode. Thanks for listening!
For those who are interested in even more detail about evaluating real estate sponsors, check out our blog post covering the same topic at https://pw-wm.com/learn/investing/private-real-estate-investing-evaluating-sponsors/.
Health savings accounts (HSAs) have been around for nearly two decades. First introduced in 2004, HSAs provide a way for Americans to temper the bite of significant health care costs by creating a triple tax benefit through an upfront tax deduction when contributions are made, tax-free growth over time, and tax-free distributions for qualified medical expenses. In this episode, we discuss who is eligible to contribute to an HSA account and how to maximize the tax benefits to reduce taxes and take some of the bite out of future health care costs. If you are interested in learning how to maximize your tax savings today and save for the inevitable rising cost of health care, we think you’ll enjoy this episode. Thanks for listening!
For those who are interested in even more detail about tax advantages available through health savings accounts, check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/triple-tax-savings-with-health-savings-accounts/.
March 2023 has seen the start (and hopefully the end?) of a financial industry crisis that has captivated Wall Street and many Americans. It all started on Wednesday, March 8th when Silicon Valley Bank in Santa Clara, CA announced it needed to raise capital to shore up losses on its available for sale securities portfolio. What followed next amounted to the 2nd and 3rd largest bank collapses in American history. In this episode, we discuss the failure of Silicon Valley Bank and Signature Bank as well as the best way for individuals to ensure their cash balances are protected. If you are interested in learning how to effectively manage your cash to ensure it is both secure and earning a fair return, we think you’ll enjoy this episode. Thanks for listening!
For those who are interested in even more detail about managing your cash balances in light of the current challenges in the banking industry, check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/banking-crisis-are-your-assets-safe/.
Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.
As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.
Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.
