Featured Podcast:

Episode Fourteen: Year End Planning and Reducing Your 2020 Tax Bill

In this episode, Lance and Randy recap some of the ideas presented in their previous podcast about Cost Segregation while going into more detail about how to benefit from the CARES Act. As we enter the fourth quarter of 2020, they also discuss practical strategies for year end planning and reducing our annual tax bill.

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Previous Podcasts:

Episode Thirteen: Cost Segregation

In this episode, Lance and Randy interview Todd Strumpfer, Senior Account Executive with Cost Segregation Services. An expert with over ten years of experience, Todd discusses Cost Segregation and how it connects and builds upon standard depreciation. The three also discuss how the CARE Acts plays into it during this time of COVID-19.

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Episode Twelve: Self-Directing Your Retirement Options

In this episode, Lance and Randy have a lively exchange about self-directing retirement options. In their view, a retirement account is like a shoebox with multiple investments you can choose and manage yourself – but there are three exceptions. They discuss the value of having a third- party custodian and the advantages of setting up an LLC to direct investments.

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Episode Eleven: Protecting Your Estate Plan

In this episode, Lance and Randy discuss the need to protect your estate plan so that those you designate to inherit your assets when you pass away can acquire them in an efficient manner. Included among their topics is the importance of “beneficiary designation” and the importance of keeping your beneficiaries up to date as life circumstances evolve.

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Episode 10: Effective Team Management, Delegation & Implementation Strategies

In this episode, Lance and Randy discuss the most effective ways to run an organization with a diverse staff, how to manage them effectively, how to delegate and implement everyone’s work and get it done right and on time for maximum results.

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Episode 9: Life Insurance – Is it a miracle, misunderstood, or simply a monster?

In this episode, Lance and Randy look at life insurance from a birds-eye view and discuss the differences between term life insurance, permanent life insurance, and the value of a universal life insurance as well.

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Episode 8: The Amazing Benefits of Real Estate Depreciation

In this episode of “Financial Independence – A Better Perspective”, Lance and Randy give an overview of the amazing benefits of depreciating real estate assets. Depreciation is almost like finding money on the street. It’s guaranteed income, and the IRS wants you to have it! You will definitely want to learn more about this under-appreciated income stream called “Depreciation.”

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Episode 7: Alternatives to the 1031 Exchange

A 1031 Exchange allows capital gains taxes to be deferred when you sell income producing real estate. This powerful strategy protects your real estate investments from taxation and it allows you to grow your wealth faster and more efficiently.

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Episode 6: College: Is it worth it?

In this episode, Randy and Lance discuss the various options available to college students and how to get the most bang for your buck. They review financial aid and financing, public vs. private universities, and the importance of the college experience. Additionally, they discuss the impact of COVID on the value of education today.

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Episode 5: What Is The Ideal Investment?

In this episode, Lance and Randy discuss different viewpoints in finding the ideal investment. For Lance, the acronym I.D.E.A.L. works for real estate investing. Is the property: Income Generating? Does it have depreciation? Is there built-in equity? Does it have potential for appreciation? Is there leverage?

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Episode 4: Budgeting Cash Reserves

Lance and Randy discuss the importance of budgeting cash reserves for unexpected emergencies and economic instability.

 

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Episode 3: What Happens If You Can’t Pay Your Rent Or Mortgage?

Lance and Randy address the complementary issues of tenants who are unable to pay their rent and building owners unable to pay their mortgages due to the financial constraints during the pandemic.

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Episode 2: Working From Home/Cybersecurity

Lance and Randy discuss the current “stay and work at home” phenomenon and the changes in communication that are taking place. The other topic they delve into is cybersecurity, which is Randy’s area of expertise. He discussed the importance of encrypting your phone and having a good password or fingerprint reader. They also talk about the evils of such intrusions as Ransomware and how to combat it.

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Episode 1: Cash Is King

Lance Edwards and Randy Luebke lay out the purpose of their dual podcast series, where they will cover topics such as financial independence, real estate investing strategies, and unique perspectives that many might not be aware of. This episode addresses the economic impact of COVID-19. Lance says it’s a good time to acquire assets, while Randy explains why it’s important to have a minimum of six, nine or even 12 months of cash on hand to survive a crisis like this. They offer advice on how to budget if you don’t have cash reserves on hand.

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