The Fit Financial Amanda Hanquist

I’m Amanda Hanquist, the Fit Financial, Election years tend to bring uncertainty and guess what, the markets don’t necessarily like uncertainty. Today on the podcast, we are bringing you insight on investing during an election year, should you, shouldn’t you, is there a pattern in the markets, what all do you need to know when it comes to investing during an election year, let’s get to it. 


Historical Relationship Between Elections and Markets
How election outcomes can affect the market
Staying the Course or move to cash
Volatility Surrounding Elections
Media embellishment and psychology around election time

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com   

IG: Amanda @thefitfinancial_ 

IG: Shawn @shawnhanquist  

 

The fit financial is brought to you by Fit wealth advisors. 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. 

I’m Amanda Hanquist, the Fit Financial, do you know what happens to your 401k after you leave a job? Do you keep it with your old employer, are you supposed to roll it over, if you do are their tax implications you need to know about...the whole thing can just sound overwhelming, so on today’s episode of the Fit Financial, we talking all about how the 401k works and what you need to know about that money when changing jobs. 


What is a 401(k) exactly and how does it work? 
What happens to your 401(k) when you change jobs? 
How long can you keep your 401k after leaving a job? 
Can I cash out my 401k from a previous employer?
What should I do with my old 401k?

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

IG: Amanda @thefitfinancial_ 

IG: Shawn @shawnhanquist  

 

The fit financial is brought to you by Fit wealth advisors. 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. 

I’m Amanda Hanquist, the Fit Financial, hey you, business owner, have you ever wondered what you’re going to do after you’ve built your business... or how about what you’re going to do if you don’t sell your business or if you’re building a business that is just not sellable...if you’re building a self-branded service based business, there’s probably great money to be made, but how should you be using that money, in case the business you’re building can’t be sold? That’s exactly what we’re going to be talking about in this episode today so stay tuned for some action steps you can start taking now toward your after business future.


The difference between financial independence and retirement? 
How can I ensure a steady income stream when I want to slow down or make a shift?  
Creating guardrails for spending to shift some money toward tomorrow
What investment options are suitable for me to become financially independent?  
Success comes from consistency and automation

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

IG: Amanda @thefitfinancial_ 

IG: Shawn @shawnhanquist  

 

The fit financial is brought to you by Fit wealth advisors. 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. 

I’m Amanda Hanquist, The Fit Financial. When we think of taxes, typically all we think about is either owing the IRS or what can I write off so I can pay the least amount of taxes possible. Well today we’re going to give you our top 5 tax strategies that every entrepreneur should know so you aren’t stuck leaving Aunt IRS a tip. 


The Foundation of Business Finance, are you missing anything?
Entity Structure
Qualified Business Income
Retirement Contributions
Charitable Contributions- lots of cool one's in here, so be sure to listen 

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

IG: Amanda @thefitfinancial_ 

IG: Shawn @shawnhanquist  

 

The fit financial is brought to you by Fit wealth advisors. 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. 

I’m Amanda Hanquist, the Fit Financial, today we’re diving into a topic that is crucial for any serious investor to know. The 1031 exchange, what is it, who is it for and what you need to know. This powerful tool allows you to defer capital gains taxes on the sale of investment property by shifting the taxable gains from one property to another. In this episode, we’ll breakdown the fundamentals of the 1031 exchange, while giving you some less familiar strategies that you keep in your toolbelt. Whether you're new to this or a seasoned entrepreneur, the 1031 exchange is a strategy you need to know. 

Named after Section 1031 of the U.S. Internal Revenue Code, allows an investor to defer paying capital gains taxes on the sale of certain types of property if they reinvest the proceeds into a similar property. 


1031 Exchange and Tax Deferral
Who is it for, when to use it
What does "like-kind" property mean
How real estate agents could benefit
Why Estate Planning is important
Potential for portfolio diversification
Different investment opportunities 

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at 

IG: Amanda @thefitfinancial_ 

IG: Shawn @shawnhanquist  

 

The fit financial is brought to you by Fit wealth advisors. 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. 

I’m Amanda Hanquist, the Fit Financial, have you ever thought..hmm... I feel like my CPA should’ve told me this, or saved me more money on my taxes, or what is my Financial Advisor or planner even doing for me other than my investments? Well today on the show we are breaking down the difference between your CPA and your financial planner and when you may want to consider hiring the two. This is the fit financial podcast.

What is the primary focus of each professional? 

How does a financial planner work with or collaborate with your CPA? 

What should your financial planner know about taxes? 

What should your CPA know about tax strategy and when to bring it up to you? 

What are the different types of CPA’s and Financial Advisors (EP. 110)? (Credentials and qualifications?) 

How do their fee structures compare? 

When should you hire a CPA vs an FA? Or when should you work with both? 

If you've ever asked these questions, give this episode a listen!

Thank you for choosing to listen to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

IG: Amanda @thefitfinancial_ 

IG: Shawn @shawnhanquist  

 

The fit financial is brought to you by Fit wealth advisors. 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.