Archives: Episodes

Let’s make 2024 your best year yet!

In this episode, podcast host Patrick Lonergan digs into key strategies to ensure you are set on course for success in the new year.

Learn the importance of working on the business, not just in it, developing a long-term success strategy, identifying limiting beliefs, setting goals, establishing primary objectives, and crafting a compelling vision.

Packed with resources and tools, this episode provides a roadmap for listeners to navigate towards their most successful year.

Key takeaways:

• Develop a robust strategy for long-term success
• Set clear and achievable goals for personal and professional growth
• Access a wealth of resources and tools to support your journey

Resources:

2024 Planning Resources

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

Ever thought about how successful entrepreneurs prepare for selling or transitioning their businesses? Today, we’re discussing the benefits of selling to an Employee Stock Ownership Plan (ESOP) with podcast host, Patrick Lonergan and seasoned business professional, Brad Ethridge.

Brad Ethridge is well known in the business landscape with a career spanning back to 1985. With experience in individual financial planning, leading international sales and marketing, and launching several successful businesses, including multiple Insurance Marketing Organizations (IMOs), Brad’s entrepreneurial prowess is unparalleled. He is recognized for his expertise in Business Exit Strategies, particularly with a focus on ESOPs. Brad’s dedication lies in structuring ESOPs aggressively in the best interest of the owner.

In this conversation, Patrick and Brad unravel the intricacies of Employee Stock Ownership Plans (ESOPs) and the art of crafting effective exit strategies for business owners.

Key takeaways:

• Strategic exit options
• Tax benefits of ESOPs
• Employee involvement and retention

Resources:

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GET THE FIVE MINUTE TAX MAKEOVER

Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

Have you ever wondered how a Cash Balance Plan can help reduce your tax burden while supercharging your retirement savings?

In this episode of the Vital Strategies podcast, we welcome Bruce Gendein, an expert in maximizing retirement plans for business owners. Bruce’s decades of experience in level 2 tax planning shine through as he explores the flexibility of Cash Balance Plans.

In our conversation, Bruce provides innovative solutions for business owners, aiming to both minimize tax liabilities and build wealth efficiently. This episode is a valuable resource for business owners and those interested in tax-efficient financial planning, offering insights that could potentially save hundreds of thousands of dollars in taxes.

Key Takeaways:

• Utilizing a cash balance plan
• Running calculations to demonstrate the workings of cash balance plans
• Asset protection
• Reaching the maximum benefits within a plan

Resources:

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GET THE FIVE MINUTE TAX MAKEOVER

Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

Don’t miss out on the limited-time opportunity to save $10,000.00 by accessing our exclusive free resources at 5minutetaxmakeover.com.

In this episode of the Vital Strategies Podcast, your host, Patrick Lonergan, announces a time-sensitive opportunity for listeners to save $10,000.00 in taxes. Covering topics like home office deductions and short-term rentals, adding your family on the payroll and fringe benefits, Lonergan not only highlights key deductions but also guides listeners on proper implementation.

Additionally, he introduces the REACH acronym for living a great life, breaking down strategies beyond finances. Tune in before the year-end deadline for practical insights and financial strategy.

COMPLETE THIS CHALLENGE BY DEC.31st, 2023 TO SAVE UP TO $10,000.00 OR MORE!!!

Key Takeaways:

• Save big with our free resources
• REACH for a great life
• Maximize your deductions effectively

Resources:

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GET THE FIVE MINUTE TAX MAKEOVER

Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

Discover the untapped potential of Tax Planning Strategies for tax deferral and financial security.

In today’s episode of the Vital Strategies Podcast, we explore Level 2 Tax Planning strategies that, when implemented with investment, can potentially save you over $150,000 in taxes. From understanding the intricacies of Traditional and ROTH IRAs to exploring advanced techniques like the Backdoor ROTH conversion and funding ROTH IRAs for your kids, we’ve got you covered. We’ll crunch the numbers, offering real-world examples to illustrate how these strategies can work for you.

Don’t miss out on this comprehensive guide to advanced tax planning and retirement strategies. We’ll equip you with the knowledge to navigate potential pitfalls and leverage these strategies to secure your financial future.

Key Takeaways:

· Unlock over $150,000 in tax savings

· Master ROTH IRAs and other plans

· Tailor Retirement plans to maximize impact

Resources:

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

Are you interested in discovering how to legally pay less taxes and keep more of your income? In this episode, we’ll help you understand how.

Senior Financial Advisor, Patrick Lonergan explains Level 1 tax strategies and the importance of proper documentation. He offers practical write-off examples and discusses five straightforward strategies that anyone can implement immediately.

Key Takeaways:
• Write off examples for tax savings 
• Real estate deductions 
• How to include your kids on the payroll 

Resources: 

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

How much quicker could you be financially free if you didn’t have to give so much money to the IRS?  Imagine paying up to 40% less in taxes and using those savings to create cherished family memories, supercharge your business growth, or invest in real estate.   

In this opening episode, Vital Strategies founder Patrick Lonergan challenges the status quo of accepting a large tax bill and discusses the importance of proactive tax planning.  

Over the past two years, Patrick’s proactive tax planning service has successfully saved our clients a remarkable $8.5 million, with an average annual savings of $280,000. Tune in to kick start your journey toward financial freedom, take control of your taxes and gain the tools to live a great life.  

Key Takeaways include:  

• Proactive steps to minimize taxes
• Aligning your tax strategy with your financial goals
• Four Levels of Tax Planning

Resources: 

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien

In a world where tax laws are constantly changing, staying ahead of the game is crucial. That’s why we’ve created the Vital Strategies Podcast, your go-to resource for cutting-edge insights, expert advice, and practical tips to navigate the complex world of taxes and financial planning.

Whether you’re an established entrepreneur or just starting out, our podcast is tailored to meet the needs of business owners like you who are seeking to save on taxes, build wealth, and achieve long-term financial success.

Vital Strategies host Patrick Lonergan has been helping entrepreneurs navigate the complexities of business finance for over 20 years.

Tune in each week for a new episode packed with actionable information on the latest tax regulations, how to manage cash flow and how you can effectively plan for the future.

If you’re ready to take your financial game to the next level, subscribe to the Vital Strategies Podcast today.

Resources: 

Read the Transcript

Submit questions to the podcast

Credits:

Sponsored by Vital Wealth

Music by Cephas

Produced by BrightBell Creative

Research and copywriting by Victoria O’Brien