Summary: In this episode of Wealth on the Move, host Will Hoffman and tax expert Kelly Bender dive deep into the implications of the new OB3 tax law and what it means for both business owners and individual taxpayers. They explore the importance of understanding business entity structures, the impact of payroll tax updates, and the necessity of long-term tax strategies. Key topics include changes to income tax brackets, retirement account contributions, child tax credits, and state and local tax (SALT) deductions. They discuss the permanence of the Qualified Business Income (QBI) deduction, updates to depreciation rules, and investment incentives such as Qualified Opportunity Zones and qualified small business stock. Kelly shares insights from her upcoming book aimed at helping new entrepreneurs navigate the complexities of starting a business, while also addressing common tax myths and the importance of proactive planning for future generations. Throughout the conversation, they emphasize how OB3’s changes require individuals and businesses to adapt to an evolving tax landscape in order to maximize benefits and maintain compliance.

Resources:

• DKTBS Website
• eLab Website (A Starter Guide for Entrepreneurs)
• Invite Kelly to Speak
• PRE-ORDER Kelly’s Book

Takeaways:

• Many small business owners don’t fully understand their entity structure.
• OB3 introduces significant tax code changes impacting individuals and businesses.
• QBI deduction is now permanent for small business owners.
• Income tax brackets have been adjusted, but many won’t feel the impact.
• Retirement contributions are now tied to inflation.
• Child tax credit will increase to $2,200 per child by 2025.
• New senior deduction of $6,000 for those over 65.
• SALT deduction cap increased to $40,000.
• Qualified Opportunity Zones can defer or eliminate taxes on gains.
• Qualified small business stock offers significant tax benefits.
• Payroll tax compliance is essential under new rules.
• Depreciation rules now allow faster write-offs for capital investments.
• Proactive, long-term tax planning can save money in the long run.
• Common tax myths can lead to poor financial decisions.
• Asking questions is vital for entrepreneurs starting out.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

Connect with Kelly Bender:

• LinkedIn: Kelly Bender
• Facebook: Total Business Soulutions
• YouTube: LifeUntaxed
• Instagram: LifeUnTaxes
• TikTok: LifeUntaxed

Summary: In this episode of Wealth on the Move, host Will Hoffman and Senior Economist Andrew Opdyke discuss the current state of the markets, focusing on the second quarter’s volatility, the Federal Reserve’s stance on interest rates and inflation, the impact of AI on business and investment, and the upcoming midterm elections. They also provide insights into portfolio strategies for the third quarter and reflect on historical lessons that can guide future decisions.

Resources:

• First Trust Website
• First Trust on LinkedIn

Takeaways:

• It’s time in the market, not timing the market that matters.
• Data-driven insights are crucial for accurate forecasting.
• Emotions can lead to irrational market reactions.
• The second quarter saw significant market swings due to tariffs.
• The Federal Reserve is cautious about cutting rates amid uncertainty.
• AI is transforming industries and enhancing productivity.
• Historical context is essential for understanding current market dynamics.
• Investors should maintain a diversified portfolio.
• The U.S. remains a strong place for business growth.
• Perspective from history can guide future financial decisions.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

Summary: In this episode of Wealth on the Move, host Will Hoffman sits down with fitness expert Stan Vaccari to explore the deep parallels between physical fitness and financial wellness. Together, they discuss how both pursuits demand discipline, accountability, and a long-term strategic mindset. Vaccari draws from his experience in health coaching to emphasize the value of online coaching, the importance of tracking progress, and the common hurdles faced when starting new fitness or financial goals. The conversation touches on the underrated power of walking, post-workout nutrition strategies, and the lifelong benefits of investing in oneself. Reflecting on personal choices and growth, Will and Stan also delve into how historical perspectives shape current trends — including the evolving role of AI in our lives. Like training for a marathon or building wealth, success is best achieved with patience, consistency, and purpose.

Resources:

• SV Coaching Website

Takeaways:

• Fitness and finance are interconnected and influence each other.
• Online coaching can provide better accountability and results than in-person training.
• Discipline in training leads to improvements in other areas of life.
• Starting points in fitness and finance are often the most challenging.
• Setting clear goals and engineering a plan is crucial for success.
• Slow and steady progress is more sustainable than quick fixes.
• Accountability is key to maintaining fitness and financial goals.
• Boring routines can lead to significant results over time.
• Measuring progress is essential in both fitness and finance.
• You don’t need expensive gadgets to track your fitness effectively.
• Walking is a powerful fitness habit that can significantly reduce health risks.
• Post-workout nutrition can be unconventional yet effective.
• Investing in personal development is crucial for long-term success.
• Life choices, such as education paths, can shape future opportunities.
• Understanding and utilizing AI is essential for future success.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management

Connect with Stan Vaccari:

• Instagram: Stanv_pt
• LinkedIn: Stan Vaccari
• X: Stanvaccari
• YouTube: Stan Vaccari