This special series is an introduction to the key concepts and foundations around wealth accumulation. Guests include CWA Founder Darrell Cain, Financial Planner Tom Sanders and Tectonic Advisors CEO Haag Sherman. Submit questions to Hunter at cainwatters.com/wealthpodcast.
Unlike actual fishing, tax phishing schemes can be devastating for the taxpayer that falls for a scammer’s bait. The IRS released the Dirty Dozen list for this year, warning on everything from tax advice from social media, fake charities and tempting tax deductions. The guys discuss the too-good-to-be-true tax offers to be on the lookout for.
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There’s nothing more frustrating than paying more in taxes than planned. It makes you wonder where your tax projection went south. The guys discuss tax planning in this episode and why it's crucial that your CPA is aware of your significant business changes when planning for 2024, from collections to large purchases to staffing changes.
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When you think of victims of identity theft, a 7-year-old is probably not the first person that comes to mind. But younger audiences are becoming major targets for social security traps, credit card scams and fraudulent digital offers. A special guest joins the episode to discuss the severity of identity theft of kids, preventative measures to take, and what to do if a scam arrives in the mail. They also give updates on CPI, fixed income and inflation on some of your favorite sweet treats. Â
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The talk about annuities is on the rise, and from the surface, look to be a good option for income in retirement. Is it too good to be true, and if so, what’s the catch? A special guest joins the guys to dive into what exactly annuities are, some of the risks they bring and if an annuity is right for you.
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The guys dive into the insights in the latest Orthodontic Practice Comparison Report, covering everything from staff salaries to rising fees, down payments, marketing and more. How resilient has the Orthodontic space been to recession, and how can you use these numbers to optimize your practice? The guys are here to give meaning to your metrics with the help of a special guest.Â
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Becoming a first-time practice owner involves a lot of nitty-gritty due diligence, but what happens after the sale is closed? Cultivating a successful business post-close brings even more big-ticket items to consider, from managing debt to office upgrades. The guys bring on a special guest to share his story of buying a practice, turning it into a thriving business and the invaluable lessons he learned along the way.Â
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Where does economic volatility and high interest ratesleave the standard rate of return for traditional retirement plan projections? Hunter and Judson dive into how market performance leading up to retirement can play a role in your portfolio’s returns and how your financial plan may need revising after retirement. Plus, they discuss what portfolio factors you can or can’t rely on and how taxes and investment fees can weigh you down. Â
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Do you ever wonder if fellow business owners are grappling with the same concerns as you? Well, here's your chance to get your questions answered. The guys dive into the main discussion points of this year’s Annual Meeting attendees, from rates to the election year to the lack of market breadth and more. Plus, they recap what topics are trending among dentists right now and how to navigate the uncertainty many face.
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Is it possible to manage a profitable business while still answering your philanthropic calling to impact the world? Â The guys bring on CWA founder Darrell Cain and Dr. Ryan Shinska of Hope Smiles to share their experiences with using their skillsets to give back to their communities and make a difference in the lives of those around them. This episode was recorded live at the 32nd Annual Meeting with business owners in attendance.Â
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Bets were on earlier this year. The odds of a rate cut in March were 77%. Odds are now down to 9%, if that. Who does this penalize most? Small business owners who now must adjust to floating-rate interest loans. With no definitive timeline for future rate cuts, what should we be looking out for from the Fed?Â
The guys dive into how the Fed is trying to lower rates without spiking inflation or deflation and the outlook for rates this year. Â
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If you purchased several new assets for your business, why wouldn’t you go ahead and write off everything? Are there advantages in writing some assets off now and some later? Hunter and Judson discuss timing debt with depreciation and explain how a strategic approach to tax write-offs is crucial for long-term financial growth. Â
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