Maximizing Outcomes

Jim McGovern
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Welcome to the Maximizing Outcomes podcast, brought to you by Jim McGovern and the McGovern Wealth Group. Achieving bigger and better results with money, family, and business isn’t about creating a bigger to-do list for yourself. It’s about who can help you create results, without you having to do all the work. Listen as we provide uncommon perspectives, powerful resources, and experienced people that can help you Maximize Outcomes in your life.

  1. 08/19/2025

    How the “One Big Beautiful Bill” Could Save (or Cost) You Thousands

    The “One Big Beautiful Bill Act” (OBBBA) is now law, and it’s packed with new deductions, credits, and incentives—but also with phaseouts and timing traps that could wipe away your benefits. In this episode of Maximizing Outcomes®, Jim McGovern walks through the key provisions that impact individuals, retirees, and business owners, and shares practical ways to turn these tax changes into opportunities. From the expanded SALT deduction and senior tax breaks to powerful business-owner strategies like qualified small business stock exclusions, Jim breaks down what’s changed, what’s stayed the same, and how to align your financial decisions with the new rules. What You’ll Learn How the new SALT deduction works—and when higher income can erase the benefit. Why the new senior deduction could be worth up to $12,000, and how Roth conversions can backfire. Key tax breaks for tips, overtime, and U.S.-assembled car loan interest. How “Trump Accounts” for kids function like a Roth IRA with no income requirement. Game-changing business-owner provisions, from QBI to qualified small business stock. Why Listen If you want to keep more of your money under the new tax law, timing, income thresholds, and proactive planning are critical. Jim shares real-world examples showing how small missteps can cost thousands—and how to position yourself for the biggest wins. 👉 Schedule a tax planning review today at mcgovernwealth.com to see how this episode’s strategies apply to your situation. Resources The Money Clarity Quiz: 4 Steps to Your Financial Picture — Start Here Related Episodes: Episode 34: How to Maximize Qualified Opportunity Zones Tax Planning Strategies for Business Owners Connect with McGovern Wealth Group info@mcgovernwealth.com Schedule A Meeting McGovern Wealth Group LinkedIn: Jim McGovern Facebook: Jim McGovern Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.

    24 min

  2. 06/05/2025

    As Seen on Shark Tank: How Remento Helps You Capture Your Life Story with Charlie Green (Ep. 62)

    Your legacy is far more than your net worth—it’s your story, your voice, and the memories you leave behind.  In this heartfelt and inspiring episode of Maximizing Outcomes®, Jim McGovern is joined by Charlie Green, founder of Remento, a revolutionary platform that helps families preserve stories, voices, memories, and wisdom—without needing to write a word.  Featured on Shark Tank and a deal secured with Mark Cuban, Remento is making it easy to create beautiful keepsake books that capture spoken memories, personal histories, and life lessons. You’ll hear:  Charlie’s moving story of loss and inspiration  How Remento turns conversations into family heirlooms  The technology making memory preservation effortless  Ways to document your legacy (or that of your parents or grandparents)  The surprising emotional power of voice  What it was like pitching to the Sharks  🎧 Whether you’re a parent, grandparent, or a son or daughter that values family connection, this episode will change how you think about legacy.  Resources & Links: 👉 Explore Remento: https://remento.co – Use Coupon Code MCGOVERNWEALTH 👉 Try our Financial Health Assessment Tool Connect with McGovern Wealth Group:  info@mcgovernwealth.com  Schedule A Meeting  McGovern Wealth Group  LinkedIn: Jim McGovern  Facebook: Jim McGovern  🔔 Don’t forget to subscribe, leave a review, and share this episode with someone who needs to hear it. Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.

    35 min

  3. 05/20/2025

    How Defined Benefit Plans Help Business Owners Slash Taxes and Catch Up on Retirement (Ep. 61)

    How Defined Benefit Plans Could Help Business Owners Slash Taxes and Catch Up on Retirement (Ep. 61) Are you a business owner with high income—but even higher tax bills? Are you feeling behind on retirement savings? In this episode of Maximizing Outcomes®, Jim McGovern welcomes back Tom Wyatt to unpack one of the most overlooked yet powerful tools for high-income business owners: Defined Benefit Pension Plans. You’ll learn: How defined benefit plans can potentially save you hundreds of thousands in taxes annually Why these plans my be ideal for late-stage retirement catch-up How they differ from 401(k)s and profit-sharing plans When to use cash balance plans for greater flexibility Why you can still set one up after the tax year ends How to use them for succession planning and buyouts Tom shares real-world examples—including one client who’s pension contribution allowed for a $288,000 deduction in a single year while keeping 87% of it for himself. Whether you’re a solo entrepreneur or run a business with employees, this episode will help you rethink how to retire smarter and lower your tax bill in the process. Related Episode: Episode 28: Retirement Planning Essentials Episode 29: Retaining Key Employees with Non-Qualified Retirement Plans 📩 Have questions? Reach out to Jim at info@mcgovernwealth.com or visit mcgovernwealth.com 🎧 Don’t forget to subscribe and share this episode with other business owners who want to Maximize Outcomes® in their life. Please note individual situations will vary, individual results will be unique and determined on their own merits. 7938432.1

    39 min

  4. 04/01/2025

    Selling Your Business to Private Equity: A Deep Dive with Bobby Kingsburry (Ep. 60)

    Selling your business may be the biggest financial decision of your life — and for many owners, private equity can be a smart, strategic way to exit. In this episode of Maximizing Outcomes®, Jim McGovern is joined by Bobby Kingsbury, Managing Partner at MCM Capital Partners, to discuss how private equity firms evaluate businesses, what makes a company attractive to investors, and what owners can do today to prepare for a successful exit.  Whether you’re actively planning your exit or simply building toward a future sale, this episode offers an inside look at how private equity really works — with actionable tips to increase business value and avoid costly mistakes.  You’ll learn:  When private equity makes sense as an exit strategy  How PE firms like MCM Capital evaluate companies  What factors drive EBITDA multiples and valuation  The biggest mistakes business owners make when selling  How to build a business private equity wants to buy  What the PE deal process looks like from start to finish  Resources:  Financial Health Assessment Tool  Contact Bobby: bobby@mcmcapital.com Connect with McGovern Wealth Group:  jmcgovern@mcgovernwealth.com  info@mcgovernwealth.com  Schedule A Meeting  McGovern Wealth Group  LinkedIn: Jim McGovern  Facebook: Jim McGovern

    41 min

  5. 03/14/2025

    Tariffs, Trade Wars & Your Portfolio: What’s Next? (Ep. 59)

    Tariffs are making headlines again, and investors are asking: Will they trigger a recession? How will the markets react? What should I do with my portfolio? In this episode of Maximizing Outcomes, Jim McGovern breaks down the real impact of tariffs on the economy, inflation, and your investments. 🔎 What You’ll Learn: ✅ Why governments use tariffs and their economic impact ✅ How recent tariff hikes affect markets, jobs, and inflation ✅ Key lessons from past trade wars and market reactions ✅ Smart strategies to protect your portfolio in uncertain times 📈 Stay informed. Stay invested. Don’t let short-term noise derail your long-term plan. 👉 Follow & Subscribe for professional insights on investing and wealth management. Resources: Financial Health Assessment Tool Connect with McGovern Wealth Group: jmcgovern@mcgovernwealth.com info@mcgovernwealth.com Schedule A Meeting McGovern Wealth Group LinkedIn: Jim McGovern Facebook: Jim McGovern

    23 min

  6. 02/21/2025

    Navigating Employee Stock Options, RSU’s and Stock Purchase Plans (Ep. 58)

    Stock benefits can be a powerful tool for building wealth, but they often come with confusion and hidden risks. How do stock options, RSUs, and employee purchase plans work? What tax implications should you consider? How can you protect yourself from overconcentration in company stock? In this episode, Jim McGovern breaks down different types of stock benefits, explaining how they function, their tax implications, and the risks involved. He provides insights on when to exercise options, how to diversify, and strategies for hedging against potential losses. Jim discusses: The differences between stock options, restricted stock units (RSUs), and employee stock purchase plans, including how they are granted, vested, and taxed The risks of holding too much company stock, including historical data on stock declines and why diversification is key Tax implications of incentive stock options (ISOs) and non-qualified stock options (NSOs), including how timing affects tax rates How restricted stock units (RSUs) provide a more straightforward benefit compared to stock options and why many large companies prefer them Hedging strategies to protect against stock declines while still maintaining potential for future gains And more Resources: Hedging Risk in a Concentrated Stock Portfolio with Eric Metz, CFA of SpiderRock Advisors (Ep. 31) Connect with McGovern Wealth Group: jmcgovern@mcgovernwealth.com info@mcgovernwealth.com  Schedule A Meeting  McGovern Wealth Group LinkedIn: Jim McGovern Facebook: Jim McGovern

    35 min

  7. 01/31/2025

    Estate Planning Strategies in Uncertain Times with Nick Sasso (Ep. 57)

    Are you ready to safeguard your wealth for generations to come? In volatile times, understanding advanced estate planning has never been more essential. In this episode of Maximizing Outcomes, Jim McGovern is joined by Nick Sasso, estate planning attorney at Porter Wright Morris & Arthur LLP, to dive into the complexities of estate tax exemptions and strategic planning using trusts.  With current laws set to change, don’t leave your assets exposed. Nick shares insights on the risks of relying solely on today’s high estate tax exemptions and how sophisticated trusts can provide flexibility and control over your assets. Jim and Nick discuss: The history and future of estate tax exemptions Dangers of complacency in estate planning The role and benefits of irrevocable trusts like SLATs and ILITs Innovative trust solutions such as the Beneficiary Defective Inheritors Trust (BDIT) And more! Connect with McGovern Wealth Group: jmcgovern@mcgovernwealth.com info@mcgovernwealth.com  Schedule A Meeting  McGovern Wealth Group LinkedIn: Jim McGovern Facebook: Jim McGovern Connect with Nick Sasso: LinkedIn: Nick Sasso Porter Wright Morris & Arthur LLP NSasso@porterwright.com  724 454 5380 About our guest: Nick Sasso serves as counsel in the firm’s Estate Planning and Wealth Preservation practice group.  He brings a depth of experience with a focus in the areas of estate planning, tax planning, high-net-worth planning, business succession planning, charitable giving, special needs planning, and trust and estate administration.  Most of Nick’s practice is centered around efficient tax planning strategies for individuals, families and family owned businesses. Specifically, Nick has successfully navigated complex qualified fund planning allocations for clients after the limitation of lifetime stretch IRAs post the 2020 Secure Act through the utilization of charitable planning. He has also successfully assisted numerous family businesses through strategic tax generational lifetime transfers. Nick advises clients in regard to inter vivos and testamentary planning techniques with a special focus on generation skipping transfer tax planning, timed defective trust funding, complex and rolling grantor retained annuity trust plans, and beneficiary deemed owner trust toggle provisions based on a balance of estate, gift and income tax scenarios. Nick also safeguards the privacy of athletes, business owners, media personalities, and other high profile clients by employing blind trust ownership strategies. Known for his dedication to pro bono work, Nick received the Ohio Northern Pro Bono Service Recognition Award in 2011. He also received the Volunteer Attorney of the Year for the 18th Judicial District of Arkansas in 2013 and the Legal Aid of Arkansas Pro Bono Service Award in 2017.

    38 min

  8. 01/10/2025

    Tax-Optimized Real Estate Strategies: 1031 Exchanges and Delaware Statutory Trusts with Ryan Perri (Ep. 56)

    Have you ever wondered how savvy real estate investors grow their portfolios without hefty tax bills? Or how you can invest in large commercial properties without the hassle of being a landlord?  Dive into this episode of Maximizing Outcomes with Jim McGovern as we explore these game-changing strategies! In this episode, Jim is joined by Ryan Perri from Inland Securities Corporation to unpack two powerful tools: the 1031 exchange and Delaware statutory trusts. Discover how these strategies can transform your real estate investing approach—deferring taxes and diversifying your investments seamlessly. Jim and Ryan discuss: What a 1031 exchange is and why it’s a go-to strategy for deferring capital gains taxes  The role of a qualified intermediary in the exchange process Understanding like-kind property and its requirements The benefits of Delaware statutory trusts for passive real estate investing  And more! Connect with McGovern Wealth Group: jmcgovern@mcgovernwealth.com info@mcgovernwealth.com  Schedule A Meeting  McGovern Wealth Group LinkedIn: Jim McGovern Facebook: Jim McGovern Connect with Ryan Perri: LinkedIn: Ryan Perri Inland Real Estate Investment Corporation  About our guest: Ryan Perri has a strong background in finance and real estate investments. Ryan currently serves as the Senior Vice President at Inland Securities Corporation, where Ryan leads investment distribution and education in the Mid-Atlantic region. With a specialization in alternative investments such as private real estate and REITs, Ryan has also held various roles in institutional relations at Macquarie Group. Prior to their current position, Ryan worked as a Vice President of Sales at Resource Real Estate and as an Investment Advisor Representative at ING Financial Partners. Ryan holds a BSBA in Finance and Economics from Drexel University.

    29 min
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Ratings & Reviews

4.9
out of 5
28 Ratings

About

Welcome to the Maximizing Outcomes podcast, brought to you by Jim McGovern and the McGovern Wealth Group. Achieving bigger and better results with money, family, and business isn’t about creating a bigger to-do list for yourself. It’s about who can help you create results, without you having to do all the work. Listen as we provide uncommon perspectives, powerful resources, and experienced people that can help you Maximize Outcomes in your life.

Information

  • Creator
    Jim McGovern
  • Years Active
    2022 - 2025
  • Episodes
    64
  • Rating
    Clean
  • Copyright
    Copyright © 2022 Maximizing Outcomes
  • Show Website
    Maximizing Outcomes