The Fit Wealth Show

Amanda & Shawn Hanquist
  • 4.8 (12)
  • Investing
  • Updated Weekly

The Fit Wealth Show is for business owners who want to turn strong income into real, long-term wealth. Hosted by Amanda and Shawn Hanquist CFP®, founders of Fit Wealth Advisors, this show goes beyond surface-level financial advice. Each episode breaks down how to structure your money, reduce taxes, and build a clear plan that supports the life you actually want to live. We cover: • Personal CFO strategies for business owners • Proactive tax planning (not just tax prep) • Investment strategy and long-term wealth building • Cash flow systems for high-income households • How to know if you’re truly on track for financial freedom If you’re making $300K–$3M+ and want more than generic advice, this is where strategy meets execution.

  1. 3h ago

    154. Tax Strategy vs. Tax Preparation

    Tax Strategy vs. Tax Preparation Explained  In This Episode  We’re breaking down the difference between tax strategy and tax preparation — and why that difference could mean six figures in savings over your lifetime.  Many people think they “have a tax plan” because they have a CPA.   But here’s the truth:  Tax preparation is what happens in the spring — you hand over last year’s numbers, and your accountant tells you what you owe.  Tax strategy happens throughout the year — it’s proactive, not reactive — and it gives you control over what you’ll owe next year.  Think of it this way:   Your CPA is the scorekeeper, but your tax strategist? That’s your coach.  At Fit Wealth  This is Shawn Hanquist’s zone of genius — not in a “find the loopholes” way, but in a structured, legal, strategic way that helps high earners minimize taxes and build sustainable wealth.  He teaches clients to stop playing defense and start playing offense with their taxes by using tools like:  Maximizing Retirement Contributions with Cash Balance or Defined Benefit Plans to save well beyond standard 401(k) limits.  Optimizing Your S-Corp Salary and QBI Deduction to strike the right balance between W-2 income and distributions for maximum tax efficiency.  Leveraging Bonus Depreciation to write off qualifying business equipment and vehicles before year-end.  Using Charitable Giving through donor-advised funds or foundations to reduce taxable income while supporting causes you care about.  Taking Advantage of Energy Credits for solar, EV purchases, and home or business efficiency upgrades.  Exploring Oil and Gas Investments for advanced deductions and upfront tax advantages available to accredited investors.  Using Tax Loss Harvesting and Capital Gains Timing to offset investment gains and manage taxes strategically across your portfolio.  For high earners, the difference between planning this way and not?  Sometimes it’s hundreds of thousands — every single year.  Why Most People Overpay  High earners are busy. They’re building and scaling— and they assume their accountant “handles it.”  But when we take a closer look, we often find massive, missed opportunities. Not because anyone did anything wrong, but because no one’s sitting down proactively to say:  “Hey, before December, let’s look at your income, deductions, and investments — and design a plan.”  That’s the real secret of the wealthy:  They don’t wait until April.  They decide in the fall what April will look like.  Biggest Takeaway  If you only think about taxes when it’s time to file them, you’re already too late.   But when you start planning ahead, you shift from just paying taxes to being tax efficient.  Next week, Shawn and I are diving into the first strategy — how to use retirement plans as your tax-saving powerhouse, even if you’ve already maxed out your 401(k).  Thanks for tuning in — we’ll catch you in the next one!    Advisory services are offered through Fit Wealth Advisors, LLC. d/b/a Fit Wealth, an Investment Advisor in the State of Nebraska. Insurance products and services are offered through Fit Wealth Insurance, LLC, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

  2. 5d ago

    153. Why Your Financial Advisor Should Check Your Tax Returns

    Does your financial advisor ask to review your tax return every year? If not, you could be missing valuable financial planning opportunities.  Most people think of their tax return as something to file away once tax season is over. But your tax return is much more than a record of what happened last year—it's one of the most valuable planning tools for making smarter financial decisions going forward.  In this episode of The Fit Wealth Show, Amanda and Shawn Hanquist explain why reviewing your tax return is a critical part of comprehensive financial planning and how it can uncover opportunities to improve your tax strategy, investment decisions, retirement planning, and overall financial picture.  In This Episode, We Discuss:  Why your tax return is one of the most valuable financial planning documents you have  The difference between tax preparation and tax planning  What your financial advisor should be looking for when reviewing your return  Tax-saving opportunities that are often overlooked  How your tax return can influence retirement planning and investment decisions  Why coordination between your CPA and financial advisor matters  Questions every financial advisor should be asking after tax season  Key Takeaway:  Your tax return shouldn't be the end of the conversation—it should be the beginning.  When your financial advisor reviews your tax return as part of a coordinated financial plan, it can reveal opportunities to reduce future taxes, improve investment efficiency, optimize retirement strategies, and help ensure every part of your financial life is working together.  Topics Covered:  Financial Planning  Tax Planning  Tax Return Review  Investment Management  Retirement Planning  Wealth Management  Business Owners  Information from Shawn Hanquist, CFP®  Comprehensive Financial Planning  Enjoying The Fit Wealth Show?  Be sure to subscribe so you never miss an episode, and if you found this conversation helpful, we'd appreciate it if you left a review and shared it with a friend or fellow business owner. Your support helps us reach more people looking to build wealth with confidence.  🔗 Connect with Fit Wealth  Instagram: @fitwealth_  Website: www.fitwealthadvisors.com  Podcast: The Fit Wealth Show— subscribe on Apple & Spotify  YouTube: The Fit Wealth Show     The Fit Wealth Podcast is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.

  3. Sep 15

    152. Put Too Much Money in a Roth, What Happens Next?

    Accidentally contributed too much to your IRA? Don't panic.  It's one of the most common retirement planning mistakes we see, and in many cases, it's completely fixable, if you know what to do.  Whether you received a raise, earned an unexpected bonus, sold a business, or simply didn't realize you exceeded the IRS contribution limits, making an excess IRA contribution can happen to anyone.  In this episode, Amanda and Shawn Hanquist explain what an excess IRA contribution is, the potential tax consequences of leaving it uncorrected, and the steps you can take to fix the mistake before it becomes more costly.  In This Episode, We Discuss:  What an excess IRA contribution actually is  The most common reasons people overcontribute  The IRS 6% excise tax—and how to avoid it  Your options for correcting an excess contribution  Common mistakes people make after discovering the problem  How proactive financial planning can help prevent issues like this in the future  Key Takeaway  An IRA overcontribution doesn't have to derail your retirement plan. The sooner you identify the issue and take action, the more options you'll typically have to correct it and avoid unnecessary penalties.  If you're unsure whether you've contributed too much—or have questions about your retirement strategy—working with a qualified financial advisor can help ensure your savings stay aligned with your long-term goals.  Enjoying The Fit Wealth Show?  Be sure to subscribe so you never miss an episode, and if you found this conversation helpful, we'd appreciate it if you left a review and shared it with a friend or fellow business owner. Your support helps us reach more people looking to build wealth with confidence.  🔗 Connect with Fit Wealth  Instagram: @fitwealth_  Website: www.fitwealthadvisors.com  Podcast: The Fit Wealth Show— subscribe on Apple & Spotify  YouTube: The Fit Wealth Show      The Fit Wealth Podcast is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.

  4. Sep 8

    151. A lot of women avoid this money conversation, here’s why and what they need to know

    The Financial Shift Every Woman Needs To Be Prepared For  For generations, many women were taught that someone else would handle the finances. But today's reality is very different.  Women are living longer, inheriting more wealth, building successful careers and businesses, and increasingly becoming the primary financial decision-makers in their families. Whether through retirement, widowhood, divorce, or simply life changing, there's a good chance you'll be responsible for important financial decisions at some point.  The question isn't whether you're capable.  It's whether you'll be prepared.  In this episode, Amanda discusses why so many women feel disconnected from money, why confidence—not intelligence—is often the biggest obstacle, and the simple financial knowledge every woman should have before life forces her to figure it out on her own.  In this episode, you'll learn:  Why today's women are facing a different financial future than previous generations.  The real reason so many women feel intimidated by investing and financial planning.  Why confidence with money has very little to do with intelligence.  How financial knowledge creates more freedom and better choices later in life.  The six essential areas every woman should understand about her own finances, regardless of who's currently managing the money.  You don't need to become a financial expert.  You simply need enough understanding to confidently participate in the conversations that shape your future.  If you're entering the second half of life and want more clarity around retirement, taxes, investments, and your overall financial plan, we'd love to help.  Visit FitWealthAdvisors.com to learn more.  🔗 Connect with Fit Wealth    Instagram: @fitwealth_  Website: www.fitwealthadvisors.com  Podcast: The Fit Wealth Show— subscribe on Apple & Spotify  YouTube: The Fit Wealth Show      Advisory services are offered through Fit Wealth Advisors, LLC. d/b/a Fit Wealth, an Investment Advisor in the State of Nebraska. Insurance products and services are offered through Fit Wealth Insurance, LLC, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

  5. Jun 23

    150. What Should Business Owners Do with Excess Cash Flow?

    If You’re Making $1M+ in Your Business — Here’s What You Should Be Doing With Your Money  Most business owners spend years focused on growth.  Growing revenue. Growing income. Growing the business.  But eventually the conversation changes.  Once income is no longer the biggest problem, the real questions become:  How should I structure this well?  What should I actually be doing with excess cash flow?  How do I build wealth beyond the business?  How do I create flexibility and long-term options?  In this episode of The Fit Wealth Show, Amanda and Shawn Hanquist break down the framework they use with high-income business owners to help turn strong income into intentional long-term wealth.  In This Episode, We Cover:  Why higher income does not automatically create wealth  The shift from reactive money decisions to intentional financial systems  How successful business owners think differently about cash flow  The difference between tax filing and proactive tax strategy  What a real financial plan actually looks like at higher income levels  The Fit Wealth “CFO Framework”  How to think about liquidity, investing, taxes, and long-term goals together  Questions every successful business owner eventually asks themselves:  “Am I actually on track?”  “Could I slow down if I wanted to?”  “Am I building enough outside of my business?”  “What does enough actually look like for us?”  Key Takeaway  Wealth is about creating a coordinated financial life that becomes more intentional, efficient, and aligned over time.  🔗 Connect With Fit Wealth  If you’re a business owner looking for a more coordinated approach to financial planning, tax strategy, and long-term wealth building, visit Fit Wealth to learn more about working with our team.  Instagram: @fitwealth_  Website: fitwealthadvisors.com  Podcast: The Fit Wealth Show  — subscribe on Apple & Spotify  YouTube: @fitwealthshow  The Fit Wealth Show is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.

  6. 10/21/2025

    149. Why Gold is Shining Again, and When it Makes Sense to Own It

    Why Gold Is Shining Again — and When It Actually Makes Sense to Own It  Episode Summary  Gold is glimmering again — hitting all-time highs and grabbing investors’ attention. But what’s really driving it? And should you jump in?  In this episode, Amanda talks with Shawn on breaking down:  Why gold prices are soaring right now  When investors typically buy gold  How much gold makes sense to hold in your portfolio  And why gold isn’t about getting rich   If you’ve ever wondered whether you should buy gold when the headlines heat up, this episode will give you a clearer answer.  What You’ll Learn  Why gold moves: How uncertainty, inflation, and interest rates drive prices.  When investors turn to gold: The emotional and economic triggers behind the “rush to safety.”  The right allocation: How much of your portfolio should actually be in gold (and why more isn’t always better).  Smart strategy: How to think about gold as part of your broader, diversified plan — not a panic purchase.  Key Takeaways  Gold tends to rise when investors feel uncertain — it’s a safety play, not a growth play.  Historically, a 5–10% allocation in gold or precious metals provides stability without sacrificing growth potential.  Chasing gold because “everyone’s buying it” usually means you’re late to the party.  Use gold as a diversifier, not a replacement for real investments that compound over time  Our Hot Take  “Gold’s value isn’t in its shine — it’s in its stability. It won’t build your wealth, but it can help protect it when the world feels shaky.”  🎧 Listen in if You’re:  Wondering if gold is a smart buy right now  Feeling nervous about the economy or stock market  Looking to better understand how diversification works  Building a long-term financial plan that balances growth and safety  🔗 Connect with Fit Wealth  Instagram: @fitwealth_ Website: www.fitwealthadvisors.com   The Fit Wealth Show is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.

  7. 09/16/2025

    148. The Silent Fear: Will I Run Out of Money?

    The Silent Fear: Will I Run Out of Money?  You’ve built wealth, worked hard, and invested wisely—so why does the quiet fear of running out of money still creep in? In this episode of The Fit Financial Podcast, Amanda and Shawn Hanquist unpack one of the most common (but rarely talked about) worries: whether your money will last as long as you do.  What we talk about:  Why even successful people fear running out of money  The science of sustainable withdrawals (and why the “4% rule” might not be enough)  How sequence-of-returns risk can derail a retirement plan if you’re not prepared  Why tax strategy and cash-flow planning are essential for peace of mind  Practical steps you can take now to feel confident about your long-term plan  Whether you’re an entrepreneur or pre-retiree thinking about your financial freedom number, this episode will help you understand the strategies that turn worry into clarity.  Key Takeaways  Running out of money is often less about the math and more about mindset.  A withdrawal strategy should be flexible, not one-size-fits-all.  Smart tax planning—like Roth conversions and asset location—can add years of confidence to your plan.  Peace of mind comes from knowing your cash flow, not just your account balance.  Who This Episode is For   If you’ve ever found yourself wondering, “What if I outlive my money?”—this conversation will give you both the reassurance and the strategy to move forward with confidence.  👉 Tune in, take notes, and discover how to turn retirement into a work-optional lifestyle.    The Fit Wealth Show is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.

  8. 09/09/2025

    147. 5 Smart Tax Moves to Make Before Year-End

    5 Smart Tax Moves to Make Before Year-End  The end of the year isn’t just about holidays and celebrations — it’s also the deadline for some of the most important tax planning opportunities. And if you’re between the ages of 45 and 65, the choices you make now can set you up for more income, more flexibility, and fewer tax headaches in retirement.  In this episode, we’re unpacking five simple but powerful tax strategies to consider before December 31st:  💰 Max out your retirement contributions — including catch-up provisions after age 50.  🔄 Roth conversions — why this might be your biggest tax-saving window.  🏥 Health Savings Accounts (HSAs) — the triple-tax-advantaged account most people underutilize.  ❤️ Charitable giving strategies — smarter ways to give that can also save on taxes.  📊 Withholding & retirement income planning — how to avoid surprises when Social Security and Medicare come into play.  Whether you’re still working in your peak earning years or preparing to transition into retirement, these strategies can help you finish the year strong — and start the next one with confidence.  👉 Tune in to learn how to keep more of what you’ve earned and make smarter decisions with your money before the year ends.    Have more questions?   If you’re wondering which of these strategies make the most sense for your situation, reach out to schedule a clarity call with us at Fit Wealth Advisors. We’ll help you create a tax and retirement income plan that actually fits your life.    The Fit Wealth Show is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.

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About

The Fit Wealth Show is for business owners who want to turn strong income into real, long-term wealth. Hosted by Amanda and Shawn Hanquist CFP®, founders of Fit Wealth Advisors, this show goes beyond surface-level financial advice. Each episode breaks down how to structure your money, reduce taxes, and build a clear plan that supports the life you actually want to live. We cover: • Personal CFO strategies for business owners • Proactive tax planning (not just tax prep) • Investment strategy and long-term wealth building • Cash flow systems for high-income households • How to know if you’re truly on track for financial freedom If you’re making $300K–$3M+ and want more than generic advice, this is where strategy meets execution.

Information

  • Creator
    Amanda & Shawn Hanquist
  • Years Active
    2020 - 2026
  • Episodes
    92
  • Rating
    Clean
  • Copyright
    © 2026 The Fit Wealth Show
  • Show Website
    The Fit Wealth Show

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