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. 

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. 

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

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 

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

 

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

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.

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. 

Most business owners have over 80% of their wealth tied up in their business, yet few are fully prepared to unlock that wealth when it’s time to exit.

In this episode, Jim McGovern dives into the transformative world of exit planning, emphasizing how smart planning today can position an owner to maximize and harvest their business’s value later.

With 75% of business owners aiming to exit in the next decade, understanding the essence of exit planning is critical. It’s not a task to save for the future—it’s a strategic approach you can use now to build, protect, and secure your business’s value on your terms.

Jim discusses:

Why exit planning and business strategy go hand in hand
The 5 stages of value maturity: Identify, Protect, Build, Harvest and Manage
Guarding against the “Five D’s” that threaten business value: Death, Disability, Divorce, Distress, Disagreement
Building Value and Business Attractiveness through your “4 C’s”
Why aligning personal, financial and business readiness is essential for a smooth exit.
And more!

Resources:

Episode 29: Retaining Key Employees with Non-Qualified Retirement Plans
Episode 21: Employee Stock Ownership Plans

Connect with McGovern Wealth Group:

jmcgovern@mcgovernwealth.com
info@mcgovernwealth.com
Schedule A Meeting 
McGovern Wealth Group
LinkedIn: Jim McGovern
Facebook: Jim McGovern

Markets are always moving, and with elections and global uncertainty on the horizon, what can you do to position your portfolio for the future?

In this episode of Maximizing Outcomes, Jim McGovern speaks with Eric Mueller, Managing Director and strategist at BlackRock, about the current state of the markets and how to strategically adjust portfolios. 

They cover the economic landscape, interest rate cuts, and the strength of corporate earnings, offering actionable advice for investors concerned about the road ahead.

They discuss:

An analysis of the current economic and financial market landscape
Strategies for portfolio positioning amidst geopolitical and election uncertainties
The impact of Fed interest rate cuts on fixed income investments
The significance of tax-efficient and personalized investment strategies
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 Eric Mueller:

LinkedIn: Eric Mueller

About our guest:

Eric Mueller is a Managing Director at BlackRock, serving as a senior strategist within their Multi-Asset Strategies and Solutions group. With 17 years of experience at BlackRock, he works closely with portfolio managers and research analysts to analyze market trends and identify investment opportunities across various asset classes. His knowledge includes guiding portfolio positioning, understanding economic risks, and helping investors achieve a range of financial objectives through strategic portfolio management.

In this episode, Jim McGovern dives into the surprising and crucial role life insurance has played in building and saving some of the world’s most iconic brands. From Walt Disney using his life insurance to fund Disneyland to Ray Kroc leveraging his policy to grow McDonald's, we uncover how life insurance goes beyond providing death benefits—it’s a powerful tool for business growth, risk management, and ensuring continuity. Jim shares the fascinating stories of Disney, McDonald's, JCPenney, and Pampered Chef, showing how business owners can protect their companies, fund opportunities, and protect key employees with the strategic use of life insurance. Tune in to learn how this financial tool can transform your business!

Jim discusses:

Real-life examples: Learn how Walt Disney, Ray Kroc (McDonald's), and James Cash Penney (JCPenney) used life insurance to fund their businesses during critical times.
Beyond the death benefit: Explore the versatile uses of life insurance for business growth, risk management, and protecting key employees.
Key person insurance: Understand how insuring key individuals can help safeguard a company’s value and ensure continuity in times of crisis.
Strategic financial tool: Discover how life insurance can provide tax-efficient, liquid cash reserves that business owners can tap into for opportunities or emergencies

Resources:

Retaining Key Employees with Non-Qualified Retirement Plans, Part 2 with Thomas Wyatt, JD, CFP® (Ep. 29)

Connect with McGovern Wealth Group:

jmcgovern@mcgovernwealth.com
info@mcgovernwealth.com 
Schedule A Meeting 
McGovern Wealth Group
LinkedIn: Jim McGovern
Facebook: Jim McGovern

Artificial intelligence (AI) has evolved from a futuristic idea into a powerful force, rapidly reshaping industries, economies, and job markets.

You’ll definitely want to save this episode of Maximizing Outcomes for future reference. Host Jim McGovern chats with AI expert Dr. Joseph Yun about how AI is shaking up the economy, especially in fields like software engineering. They discuss the power of generative AI like ChatGPT, the complexity behind AI systems, and how these changes are set to revolutionize industries like legal services, entertainment, and accounting.

Dr. Yun also tackles some common worries about AI, reassuring listeners that AI will enhance our abilities rather than replace them, opening up new opportunities. The episode wraps up with practical tips for both individuals and businesses on how to thrive in an AI-driven world, focusing on the need for adaptability, continuous learning, and smart AI adoption.

Key Highlights:

AI as the Next Industrial Revolution: How AI is transforming economies and job markets, mirroring past technological shifts
Generative AI Explained: A deep dive into AI technologies like ChatGPT and their potential business applications
AI's Impact on Technical Jobs: Exploring AI's growing capabilities in coding and the evolving role of programmers
Industries Poised for AI Transformation: Legal services, entertainment, and accounting are among the industries on the cusp of AI-driven change
Strategic AI Adoption: Practical steps for businesses to integrate AI effectively, from readiness assessments to pilot projects
Preparing for AI-Driven Careers: Advice for students and professionals on how to thrive in an AI-dominated future
And much more!

Resources:

Bluefoxlabs Insights

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 Joseph T. Yun:

LinkedIn: Joseph T. Yun, Ph.D.
Website: BlueFoxLabs.ai
Website: BlueFoxInsights

About our Guest:

Dr. Joseph T. Yun is a distinguished expert in artificial intelligence (AI) and machine learning, currently serving as the Artificial Intelligence and Innovation Architect at the University of Pittsburgh. He also holds a prominent role as a Research Professor of Electrical and Computer Engineering in the Swanson School of Engineering, where he leads research on advanced AI systems and their practical applications across business and societal contexts.

In addition to his academic roles, Dr. Yun is the Chief AI Architect at BlueFox Labs, a pioneering AI consultancy and solutions firm. At BlueFox Labs, he focuses on driving AI innovation and helping organizations strategically integrate AI technologies to enhance efficiency and productivity. His work at BlueFox Labs involves designing AI readiness assessments, facilitating AI dream sessions to explore potential applications, and developing pilot projects that align with clients' business goals.

The world can be a very tough and unforgiving place. Your finances should be designed to be even tougher and provide the forgiveness, flexibility, and resilience required to stand strong in a world full of uncertainties.

In this episode, Jim McGovern discusses the importance of building a resilient financial plan that can handle the uncertainties of life and stand the test of time. He shares his vision for clients to achieve financial freedom and multi-generational wealth through holistic financial planning. Key topics include overcoming barriers to financial planning, the importance of following a planning process, and the difference between financial freedom and financial security. Jim also highlights the dangers of needs-based planning and offers practical strategies to simplify and optimize your financial life. Tune in for actionable advice to maximize your financial outcomes.

Key Highlights:

Building Financial Resilience: Learn the importance of creating a financial plan that can withstand life's uncertainties, ensuring flexibility, forgiveness, and resilience.
Achieving Financial Freedom: Emphasis on the goal of financial freedom where passive income from assets covers living expenses, providing independence from regular income.
Holistic Financial Planning: The need for a comprehensive approach to financial planning that goes beyond just investments, including protection planning and cash flow management, and debt and tax reduction.
Overcoming Planning Barriers: Common reasons people avoid financial planning, such as intimidation or lack of time, and how overcoming these barriers can lead to a more secure financial future.
Dangers of Needs-Based Planning: Explanation of the pitfalls of needs-based planning and the importance of embracing uncertainty to build a plan that stands the test of time.
And much more!

Resources:

Financial Health Assessment Tool
Budgeting Reimagined: Transform Your Cash Flows, Supercharge Your Wealth With Neal Brincefield (Ep. 35)

Connect with McGovern Wealth Group:

jmcgovern@mcgovernwealth.com
info@mcgovernwealth.com 
Schedule A Meeting 
McGovern Wealth Group
LinkedIn: Jim McGovern
Facebook: Jim McGovern

Is your retirement income plan missing a key component?

In this insightful episode of Maximizing Outcomes®, host Jim McGovern and Don Graves, President of the Housing Wealth Institute, discuss leveraging home equity through reverse mortgages to enhance retirement outcomes. Gain actionable insights, dispel myths, and discover how this financial tool can redefine your retirement strategy.

Key Highlights:

Understanding Reverse Mortgages: Learn how they work, dispel myths, and uncover their benefits
Professional Insights: Hear Don Graves' journey from skepticism to advocacy and how home equity can be used strategically
Comprehensive Planning: Explore the "true liquidity bucket" concept and smart ways to use all assets for optimal outcomes
Strategic Uses: Discover how reverse mortgages can supplement Social Security, delay benefits for higher payouts, and manage tax burdens
Key Criteria: Understand the determinants of reverse mortgages: spouse's age, home value, and interest rates
Financial Stability: Learn how a reverse mortgage line of credit offers a reliable buffer during market downturns
Debunking Myths: Clarify misconceptions about ownership and debt repayment limits
And much 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 Don Graves:

LinkedIn: Don Graves, RICP®, CLTC®, CSA 
Website: HECMAdvisorsGroup.com
Website: HousingWealthInstitute.com
Website: HousingWealthMasterClass.com
Website: AskDonGaves.com

 

About our Guest:

Don Graves, RICP®, CLTC®, CSA® Certified Senior Advisor, is the President and Founder of the Housing Wealth Institute, and a leading educator in the field of retirement income planning. He has authored three books and serves as an Instructor of Retirement Income at The American College of Financial Services. Recognized as one of the top retirement income leaders by the American College, Don has contributed to over 20,000 advisor/client engagements, distilling his extensive experience into practical, implementable strategies.

His book, Housing Wealth: 3 Ways the New Reverse Mortgage Is Changing Retirement Income Conversations, reached the Amazon #1 spot for New Releases in Financial Services. Don's expertise has been featured in Forbes Magazine and PBS-sponsored shows. As a Retirement Income Certified Professional (RICP®), Long Term Care Specialist (CLTC®), and Certified Senior Advisor (CSA®), Don brings a unique perspective on integrating housing wealth into retirement planning. He is also a Business Development Manager at Mutual of Omaha Reverse Mortgage, and his workshops are highly sought after by advisors nationwide.

In this episode of Maximizing Outcomes®, we dissect some of Wall Street's most famous investing clichés. From "Don't fight the Fed" to "Cash is king," Jim McGovern explores the reality of famous investing sayings. Are they timeless wisdom or just catchy phrases? Learn which adages hold valuable insights and which ones are merely financial folklore. Tune in to gain a clearer understanding of how these sayings can influence your investment strategies and decisions.

Highlights:

There's No Such Thing as a Free Lunch - Understanding the full costs and risks decisions.
Sell in May and Go Away – Does this seasonal strategy hold up today?
Don't Fight the Fed – How the Federal Reserve actions can impact your investments.
A Penny Saved is a Penny Earned – Does the timeless phrase still hold true?
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered – Is greed good or bad?
Never Catch a Falling Knife – Are declining investments a bargain buy or buyer beware?
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

What is wealth erosion, and how does it silently put you on a financial treadmill?

Discover how seemingly small factors can amount to a massive impact on long-term success.

Listen in as Jim McGovern explains why money and math don't always align and how various factors, such as taxes, inflation, and certain choices, can gradually erode wealth over time. Using relatable analogies, like the slow formation of the Grand Canyon and the lifecycle of apples, Jim illustrates how small, seemingly insignificant elements can significantly impact your financial future. Tune in to learn actionable strategies for protecting and growing your wealth, the importance of understanding opportunity costs, and why the process of managing money is more critical than where you invest it.

Key Highlights:

Math vs Money: Why math and money don’t always work align and how this misconception can be costing you.
Erosion Factors: Discover how taxes, inflation, and lifestyle changes can subtly drain your wealth over time
Opportunity Cost: Understand the importance of opportunity cost in making sound financial decisions
Process vs Products: Learn why the process of managing money matters more than the specific financial products chosen.
Proactive Planning Today: Why taking action now is so critical.
Plus, so much more!

Connect with McGovern Wealth Group:

jmcgovern@mcgovernwealth.com
info@mcgovernwealth.com 
Schedule A Meeting 
McGovern Wealth Group
LinkedIn: Jim McGovern
Facebook: Jim McGovern

Many parents want to help their children get a head start on building wealth and achieving financial independence. Are you one of them? 

Are you curious about the options available to help secure their financial future?

Join host Jim McGovern in this episode of Maximizing Outcomes, as he shares steps parents can take to help their children succeed financially. Through practical advice and insightful discussion, Jim covers various tools and strategies to optimize financial outcomes for your family.

Key Highlights:

What Motivates Parents: Understand why many parents are eager to get started while their kids are young.
Account types for kids: From simple savings accounts to investment portfolios and trusts, the tools available to kids are vast.
Parental Stability: Why parents should prioritize their financial health first before concentrating too much on wealth building for their children.
Parental Control: How parents can retain or turn over control of assets when kids become adults.
Roth IRAs, Brokerage Accounts and Life Insurance: Understand the pro’s and con’s, tax treatment, and additional considerations to make with each account type.
Trust Accounts: How trusts can be used to further protect multi-generational wealth.
Plus more insightful tips and strategies!

Connect with McGovern Wealth Group:

jmcgovern@mcgovernwealth.com
info@mcgovernwealth.com 
Schedule A Meeting 
McGovern Wealth Group
LinkedIn: Jim McGovern
Facebook: Jim McGovern

Every two seconds, someone’s identity is stolen.  

Don't be next.  

In a crucial episode of Maximizing Outcomes, host Jim McGovern teams up with Travis D. Mills, CEO and Founder of Liberty ID, to tackle the growing and diverse challenges of identity theft. Together, they dive into the lesser-known forms of identity theft, including utilities, family, decedent, medical, and tax fraud. This episode not only highlights the severity of these threats but also equips listeners with knowledge and strategies to combat and recover from identity theft effectively. 

 Key Highlights: 

 Diverse Fraud Types: Uncover the spectrum of identity theft beyond the usual credit scams 
IRS Fraud Tactics: Grasp how fraudsters manipulate tax returns and how the IRS addresses these violations 
Risks to Children: Understand why identity thieves often target children and the lasting impact this can have 
Technological Threats: Learn how thieves use advanced AI technologies to create deceptive scams 
Military Targeting: Discover why veterans are particularly vulnerable to identity fraud and how emotional tactics are exploited 
Effective Defense Measures: Gain insights into Liberty ID’s comprehensive services that ensure swift and thorough identity theft resolution, focusing on personalized legal support 
Special Announcement: Stay tuned until the end for an exclusive reveal that could enhance your defense against identity theft even further 
And much 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 Travis D. Mills: 

LinkedIn: Travis D. Mills 
Website: LibertyID.com 

About Travis D. Mills: 

Travis Mills, CEO and Founder of Liberty ID, brings extensive experience in identity theft restoration. His company specializes in a comprehensive, client-focused approach to resolving identity theft issues, advocating for victims through personalized service and direct legal avenues. Liberty ID, known for its rapid and effective resolution processes, provides a safety net for individuals facing the daunting challenges of identity theft.

How do presidential elections influence your investment portfolio?

This week on Maximizing Outcomes®, Jim McGovern talks about presidential elections and their impact on investment portfolios. Jim explores historical market behaviors during election cycles and dissects common investor sentiments and strategies amid political changes. Whether you’re navigating the uncertainties of a campaign season or curious about the historical patterns of the stock market during these periods, this discussion aims to shed light on what history can teach us and how investors can approach election years with informed confidence.

Here’s what you’ll learn about by tuning in:

Historical behaviors of the market in previous election cycles
Comparison of market performance under different presidential administrations
Historical market performance when congress and the president are from the same vs. opposing parties
Understand market volatility during the months leading up to an election vs post-election season
And more!

Resources:

The Today Show: ‘What is internet?’ Katie Couric, Bryant Gumbel are puzzled
DALBAR Quantitative Analysis of Investor Behavior

Connect with McGovern Wealth Group:

jmcgovern@mcgovernwealth.com
info@mcgovernwealth.com 
Schedule A Meeting 
McGovern Wealth Group
LinkedIn: Jim McGovern
Facebook: Jim McGovern

Ready to retire but unsure about your Medicare options? Want to learn how to choose the plan that fits your lifestyle and budget?

Tune into this insightful episode of Maximizing Outcomes, where host Jim McGovern and Lukas Baker, founder of Baker Consulting Services, dive into the intricacies of Medicare planning. As a specialist in health insurance needs, Lukas provides crucial insights into Medicare's various parts and offers strategies for managing out-of-pocket expenses in retirement.

Key Highlights:

Understanding Medicare: Get a clear explanation of Parts A, B, C (Medicare Advantage), and D
Filling Medicare Gaps: Learn about Supplemental and Medicare Advantage Plans to safeguard your finances
Ancillary Products: Discover how they complement Medicare Advantage and lessen expenses.
Enrollment Essentials: Understand the crucial timing for Initial, Annual, and Special Enrollment periods
Tailoring Your Plan: Find out how to match your Medicare plan with your healthcare needs, including preferred doctors and travel plans
Choosing Providers: Guidance on switching between Medigap and Medicare Advantage plans, and navigating underwriting
Managing Prescriptions: Strategies for choosing pharmacies and handling the 'Donut Hole'
Advocacy in Healthcare: Learn the difference between HMO and PPO plans and how to advocate for your best care.
Plus more insightful tips and strategies!

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 Lukas Baker:

LinkedIn: Lukas Baker
Website: Baker Consulting Services
Email: lukas@consultbaker.com 
Phone: (724) 594-7648

About Lukas Baker:

Lukas Baker, an experienced health insurance professional, specializes in Medicare planning, offering services in various health insurance areas, including dental, vision, and supplemental coverages. He advocates for a personalized, client-focused approach, providing comprehensive consultations to navigate Medicare's complexities. His firm, Baker Consulting Services, based in Western Pennsylvania, caters to a diverse range of clients, including those under 65, early retirees, and those nearing Medicare eligibility.