Du Charme Wealth Management Podcast

The frustration is all too familiar—you're sitting with your tax professional in March, desperately asking what can be done to reduce your tax bill, only to hear those dreaded words: "It's too late." Explore the critical difference between tax filing and tax planning, revealing why waiting until tax season is a costly mistake.We explore the reality that most CPAs and tax professionals simply don't have time during busy season to develop comprehensive tax strategies while processing hundreds of returns. Instead, effective tax planning happens now—immediately after filing season—when there's time to analyze opportunities and implement changes that will impact next year's return.From simple adjustments like checking withholdings on your paycheck (which saved one client $8,000 in penalties) to more complex strategies around retirement accounts, investment vehicles, and charitable giving, we break down practical ways financial advisors bridge the gap between your financial goals and tax outcomes.You'll learn the differences between CPAs and Enrolled Agents, understand how the increased standard deduction ($30,000 for married filing jointly in 2025) impacts traditional deduction strategies, and discover why tax-efficient investments matter—without letting "the tax tail wag the dog."Whether you have a complex financial situation or consider your taxes relatively simple, this episode offers valuable insights on how proactive planning can make a significant difference. The most powerful tax strategies aren't found in TikTok videos or last-minute tax filing appointments—they're developed through year-round collaboration between you, your financial advisor, and your tax professional.Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#podcast #wealthmanagement #investing #rothira #southernutah #stgeorgeutah #podcastclips #taxes2025 #irscompliance [00:00:00] Intro.[00:00:56] Tax Planning vs. Tax Filing.[00:04:01] Why CPAs Can't Do All Your Planning.[00:05:23] CPAs vs. EAs: What's the Difference?[00:08:55] Proactive Planning Opportunities.[00:15:25] Supporting Your Tax Professional.[00:21:30] Document Security and Getting Started.[00:24:50] Tax Brackets and Strategies for 2025.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

The investment landscape is changing fundamentally, and Jim Bianco of Bianco Research is here to prepare us for what's ahead. Forget the market euphoria of recent years – we're entering what Jim calls the "4-5-6 market," where cash returns 4%, bonds 5%, and equities just 6%.This shift isn't merely a temporary correction but reflects deep structural changes in our economy. After 47 consecutive months of inflation exceeding 3%, de-globalization gaining momentum, and remote work permanently altering consumer behaviors, we find ourselves in a transformed economic environment that demands fresh thinking from investors.Jim offers a compelling explanation for why we can never return to the zero-interest-rate policies of the past decade. With the federal deficit at 6.5% of GDP – the largest peacetime, non-crisis deficit in American history – any attempt to slash rates would likely trigger a bond market collapse. The recent tariff debates reflect a broader recognition that the status quo of runaway deficits and $36 trillion in national debt simply cannot continue.Perhaps most thought-provoking is Jim's examination of globalization's hidden costs. While cheaper imported goods benefit consumers, the gutting of American manufacturing has contributed to a shocking seven-year life expectancy gap between college graduates and the 65% of Americans without degrees. These "deaths of despair" through addiction, suicide, and related causes reveal the human toll behind economic statistics.The good news? For the first time in years, conservative investments like bonds now offer positive real returns above inflation. You don't need to chase speculative assets just to preserve purchasing power. But finding opportunities beyond that baseline will require more sophisticated approaches than the passive indexing that worked so well in the past decade.Guest: Jim BiancoBio: Jim is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Webpage: https://www.biancoresearch.com/visitor-home/Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#podcast #subscribe #wealthmanagement #investing #stgeorgeutah #bonds #inflation [00:00:00] Intro/ Trump's Hypothetical Fiscal Policy Reversal.[00:02:26] Introduction to Jim Bianco.[00:07:07] The 4-5-6 Market Explained.[00:13:06] Why We Can't Return to Zero Rates.[00:23:20] The Shift to a 3% Inflation World.[00:36:25] Dollar Hegemony and Currency Strength.[00:43:46] The Hidden Costs of Globalization.[00:49:35] Adapting to the New Economic Reality.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

What do bridge engineers and portfolio managers have in common? A whole lot more than you might think. In this fascinating philosophical exploration, structural engineer Trevor Gardner joins us to uncover the striking parallels between engineering risks and financial risks.Trevor reveals how engineers approach earthquake design with remarkably limited data—just 90 years of records for structures meant to last 75+ years. This creates an intriguing parallel to financial markets, where past performance offers limited insight into future events. We explore how both disciplines face the challenge of the "unknown unknowns" and share similar approaches to managing tail risks—those rare but catastrophic events that can change everything.The conversation examines how the Tacoma Narrows Bridge collapse mirrors financial system failures, how optimization actually introduces new vulnerabilities, and why both professionals sometimes wish for "just one little earthquake" to prove the value of their cautious approaches. We discover that in both fields, risk isn't something you eliminate—it's something you trade, transform, or accept.Guest: Trevor GardnerBio:  I grew up in Enterprise Utah. After graduation I got my bachelors from Dixie State and a Bachelors and Masters from Utah State University in Structural Engineering. I have been working as a structural engineer designing bridges and structures in Utah for the last 8 years.LinkedIn: https://www.linkedin.com/in/trevor-gardner-pe-a48b70132Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#podcast #subscribe #investing #wealthmanagement #southernutah #stgeorgeutah #bridgeengineering #bridge[00:00:00] Intro.[00:08:40] The History of Risk Management.[00:14:30] An Engineer's Approach to Earthquakes.[00:24:10] Risk as a Constant Force.[00:34:07] Tail Risks and Catastrophic Events.[00:50:50] The Illusion of Optimization.[01:05:15] Risk Education and False Confidence.[01:13:35] Behavioral Risk and Final Thoughts.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

The uncomfortable truth about aging is that many of us will require significant assistance in our final years—yet few have adequately prepared for this reality. In this deeply personal and practical discussion, a father-son financial advisory team shares their firsthand experiences with various long-term care situations, from self-funded home care to Medicaid facilities.Drawing from multiple family experiences, we examine what truly constitutes a long-term care event and why Medicare won't cover most of these expenses. We breakdown the stark financial reality: full-time in-home care can cost $250,000-$300,000 annually, quickly depleting even substantial retirement savings. The human cost can be equally devastating, as unprepared families often see parent-child relationships transform into caregiver-patient relationships, fundamentally changing family dynamics during what should be precious final years.We explore modern funding solutions beyond traditional long-term care insurance, including asset-based "linked benefit" programs that provide significant leverage while preserving principal for beneficiaries if care isn't needed. We discuss how proper planning preserves not just assets but dignity and relationships, allowing families to look back on final years as "sweet times" despite difficulties.Don't leave your long-term care needs to chance or burden your children without their explicit agreement. The sooner you implement a strategy, the more options you'll have and the better protected your family will be. Remember, hope is not a strategy—but thoughtful planning can create a legacy of dignity and love.Link to 'Age-Proof Homes: Making Aging At Home Comfortable & Safe' podcast: https://www.youtube.com/watch?v=O54VpDIQUaoWebpage: https://ageproofhomes.com/Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#investing #wealthmanagement #podcastclips #southernutah #stgeorgeutah #fundingoptions #longtermcare [00:00:00] Intro.[00:00:45] Introduction to Long-Term Care Planning.[00:03:26] What Is a Long-Term Care Event?.[00:10:01] Housing Options and Home Modifications.[00:17:04] Costs and Quality of Care Comparison.[00:22:16] Impact on Family Relationships and Legacy.[00:27:31] Funding Options for Long-Term Care.[00:35:12] Asset-Based vs. Traditional Insurance.[00:38:07] Hedging Against Risk and Final Thoughts.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Corey Hoffstein breaks down the strategy of "return stacking," which allows investors to maintain core portfolio exposure while adding diversifying alternative investments on top without the traditional funding problem. The concept revolutionizes portfolio construction by using capital efficiency to potentially enhance returns and reduce overall risk.• Return stacking originated as "portable alpha" pioneered by PIMCO in the 1980s• Traditional diversification requires selling stocks or bonds to make room for alternatives• Investors typically abandon diversifiers during periods of underperformance, creating a behavioral gap• Return stacking uses capital-efficient instruments like leveraged ETFs to maintain core exposures• Freed-up capital can be deployed into uncorrelated assets like managed futures, gold, and hedge fund strategies• Similar to putting 20% down on a house and investing the remaining 80% elsewhere• Leverage used for diversification can be defensive, while leverage for concentration increases risk• Uncorrelated doesn't mean negatively correlated – diversifiers can still decline simultaneously• The strategy may increase short-term volatility but potentially enhances long-term returns• Focus on beating the cash rate rather than the S&P 500 as your hurdle for diversifiersGuest: Corey Hoffstein is the CEO and CIO of Newfound Research and portfolio manager of the Return Stacked® ETF Suite.  Corey is an active researcher and his work has been published in the Journal of Indexing and the Journal of Alternative Investments.  He is also the host of the popular quantitative investing podcast Flirting with Models.  Corey holds a Master of Science in Computational Finance from Carnegie Mellon University and a Bachelor of Science in Computer Science, cum laude, from Cornell University.Visit Corey's Podcast, 'Flirting with Models': https://www.youtube.com/@flirtingwithmodelsFind Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#investing #podcast #wealthmanagement #southernutah #stgeorgeutah #taxplanning #wealtheducation [00:00:00] Intro.[00:01:53] Understanding Return Stacking and Portable Alpha.[00:04:03] Corey Hoffstein's Journey in Finance.[00:08:19] The Funding Problem in Diversification.[00:13:45] Housing Analogy for Return Stacking.[00:22:14] Alternative Asset Classes and Strategies.[00:26:35] Trend Following as a Diversification Tool.[00:35:43] Implementation Through Capital Efficient ETFs.[00:44:43] Correlation and Portfolio Construction.[00:50:01] Long-Term Investing vs Short-Term Volatility.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Tax debt can seem like an insurmountable obstacle, but it doesn't have to be. In our latest episode of the Du Charme Wealth Management Podcast, we navigate the complexities of tax debt resolution with expert Morgan Anderson, an enrolled agent with decades of experience in tax debt settlement. Together, we unpack the various barriers taxpayers face when dealing with the IRS and share invaluable tips to help listeners manage their tax liabilities better.Morgan provides insight into common challenges individuals and businesses encounter when it comes to tax obligations. Discover the often-overlooked triggers of tax debt, such as unexpected inheritances or bookkeeping missteps, alongside practical strategies to avoid these situations. With many facing the stress of tax debt, it's essential to understand the importance of engaging with a knowledgeable tax professional early. Morgan emphasizes the importance of proactive measures, such as regular tax planning discussions and keeping clear financial records.We also dive deep into the legal frameworks surrounding tax obligations, including the burden of proof that falls on the taxpayer. This crucial element can leave many feeling cornered, but knowledge is power. By equipping yourself with the right information and support, you can face tax troubles with confidence.Guest: Morgan Q. Anderson, EAGolden Lion Tax Solutions: https://www.goldenliontaxsolutions.com/LindedIn: https://www.linkedin.com/in/morgan-anderson-ea/Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#podcast #southernutah #stgeorgeutah #wealthmanagement #investing #wealtheducation #irscompliance DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Kevin Kennedy shares his unconventional approach to real estate by converting dilapidated motels into affordable housing. He discusses his journey, unique investment strategies, past experiences—including a humorous encounter on Judge Judy—and the importance of understanding zoning laws and property management.• Kevin's transition from merchant banking to real estate investing• Humorous story of losing a snake and appearing on Judge Judy• The potential of converting poorly managed motels into cash-flowing apartments• Importance of preemptive engagement with local municipalities for zoning• Insights on property management and working with contractors• Balancing profitability with a mission to address affordable housing needs• Emphasis on the evolving nature of real estate investing and market dynamicsGuest Bio: Kevin Kennedy is a seasoned real estate entrepreneur with a diverse portfolio that spans across multiple sectors. With a keen eye for investment opportunities, Kevin has successfully ventured into RV park ownership, apartment complexes, and numerous rental properties.RV Park Ownership: Kevin owns and operates several RV parks, providing top-notch amenities and services to travelers and long-term residents alike. His parks are known for their scenic locations, well-maintained facilities, and community-oriented atmosphere.Apartment Ownership: Kevin has invested in multiple apartment complexes.  Typically renovated from older properties his properties are strategically located in high-demand areas, offering modern living spaces and a range of amenities that cater to the needs of urban dwellers.Numerous Rentals: Kevin’s real estate portfolio also includes a variety of rental properties. From single-family homes to commercial spaces, he has built a reputation for maintaining high standards and ensuring tenant satisfaction.Kevin’s success in real estate is driven by his commitment to quality, customer service, and strategic investment. His ability to identify and capitalize on market trends has made him a respected figure in the industry.Website: https://conversionhousing.com/Instagram - https://www.instagram.com/conversionhousing/?igsh=MTJqYmxjdHZ0YTBuaA%3D%3D#Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#podcast #commercialrealestateinvestor #wealthmanagement #investmentstrategy #southernutah #stgeorgeutah [00:00:00] Intro.[00:01:57] Real Estate Investments and Strategies.[00:11:09] Multifamily Property Management and Investment.[00:16:19] Wealth Management Client Segmentation.[00:23:56] Real Estate Investing Strategies and Challenges.[00:36:08] Scale of Multi-Family Property Investments.[00:42:35] Real Estate Investment Strategies and Considerations.[00:56:11] Economic Trends in Real Estate.[01:08:05] RV Park Investment Challenges and Considerations.[01:17:29] Interest Rate Trends and Investment Strategies.[01:22:47] Real Estate Investment Complexity Discussion.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

We explore the intricate landscape of retirement accounts, emphasizing the importance of understanding 401(k) and IRA benefits, tax treatments, and contributions. Our discussion highlights essential strategies for effective retirement planning and the flexibility of various account types, encouraging listeners to take proactive steps in their investment journey.• Understanding ERISA accounts and their significance• Importance of contributing early to retirement accounts• Difference between traditional and Roth accounts• Tax implications for various retirement accounts• Options for accessing funds early without penalties• The value of professional guidance in retirement planningLink to David McKnight Sounds Off: IUL's Vs. Life Insurance:https://www.youtube.com/watch?v=plTDxsIBOyQFind Du Charme Wealth Management here:https://www.ducharmewealth.com/#wealthmanagement #retirementplanning #retirement #southernutah #stgeorgeutah [00:00:00] Intro. [00:01:40] Understanding Retirement Accounts and Tax Treatment.[00:09:30] Exploring IRA Tax Treatment.[00:16:10] Navigating Tax Strategies in Retirement.[00:29:47] Maximizing Retirement Contributions and Investment Opportunities. DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Student loan repayment with Emma Crawford, a certified financial planner who specializes in student loan strategies. Emma guides us through the often-confusing terrain of federal student loans, revealing crucial insights into various repayment options like direct repayment, public service loan forgiveness, and income-driven repayment forgiveness. Learn why it's essential to cut through the misinformation from loan servicers and seek reliable guidance to manage your student loans effectively.Gain a deeper understanding of the stark contrasts between federal and private student loans. Emma explains why private loans often lack the flexible repayment options available with federal loans and the complexities involved in discharging federal loans through bankruptcy. She stresses the importance of expert advice, especially for those pursuing forgiveness programs, to optimize financial planning and potentially achieve significant savings. With Emma's guidance, you'll be equipped to navigate the student loan landscape confidently and strategically.Guest: Emma Crawford Email - emma@octoberloans.comWebsite - https://www.octoberloans.com/Guest Bio: After graduating with her master’s degree in Counseling Psychology from the University of Minnesota in 2016, Emma was saddled with student loan debt. She felt overwhelmed and confused by the intricacies of the different repayment plans and Public Service Loan Forgiveness (PSLF) program but didn’t know who to contact or who to trust for help and support.Knowing there had to be a better way, she dedicated her time and efforts toward becoming a financial planner to help others feel less alone as they navigate the complex world of federal student loan debt.As a CERTIFIED FINANCIAL PLANNER™ professional, Certified Student Loan Professional®, and founder of October Loan Strategies, she creates fully customized student loan plans with concrete, step-by-step instructions to help clients minimize payments and maximize forgiveness.So far, she has consulted on over $100 million in student loan debt and helped clients receive $10 million in student loan forgiveness - and has won a few awards along the way!Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#studentloans #studentloandebt #wealthmanagement #southernutah #stgeorgeutah [00:00:00] Intro.[00:02:15] Navigating Student Loan Repayment Options.[00:12:20] Understanding Student Loan Repayment Options.[00:18:28] Private vs. Federal Student Loan Repayment.[00:25:20] Student Loan Repayment With Expert Help.[00:32:19] Student Loan Planning Services & Consultations.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Turn tax season from a dreaded chore into a smooth, stress-free experience with insights from Grayson Tracy, a seasoned CPA from Savage Esplin & Radmall. Grayson shares his expert advice on overcoming common hurdles like disorganized records and last-minute rushes, and outlines strategies for building a productive relationship with your accountant. Discover practical tips on document organization and communication that can transform your tax preparation process, a vital skill given the current shortage of tax professionals. Explore the art of balancing proactive tax planning with its associated costs, as we discuss the essential collaboration between financial planners and accountants. Gain an understanding of the intricacies involved in tax filing, especially for those waiting on K-1 documents or facing potential tax liabilities. Grayson explains the benefits of making estimated payments to meet IRS safe harbor requirements, thus avoiding penalties and financial surprises. He also highlights the risks of relying on social media for tax advice, advocating instead for the guidance of a qualified professional. Guest: Grayson Tracy, CPAWebpage: Savage Esplin & Radmall, PC Link: https://sercpas.com/about/Phone: 435.673.6195LinkedIn: https://www.linkedin.com/in/grayson-tracy/Find Du Charme Wealth Management here:https://ducharmewealth.com/contact-us/#cpa #taxefficiency #taxstrategies #southernutah #podcastclips #podcast #stgeorgeutah [00:00:00] Intro.[00:01:34] Tax Season Preparation With Your Accountant.[00:09:56] Proactive Tax Planning Communication Strategies.[00:19:41] Tax Preparation Efficiency and Organization.[00:28:50] Tax Payment Planning and Organization.[00:34:26] Tax Season Extension and Recordkeeping.[00:45:50] Tax Advice and Real Answers.DISCLAIMER:Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.