Episodes

98% of business owners don’t know the value of their business. Yet, most business owners are banking on the sale of their company someday to fund their retirement. In this episode, Jim McGovern talks with Jason Early, president of BizEquity, to discuss why you deserve to know the value of your business and what you can do with this information. Jason discusses: The importance of a business valuation How often your business should have a valuation and how you can benefit from it How inflation an...

Structured notes have sometimes been perceived as investments for only the rich and wealthy. Now with the competitive marketplace, financial advisors have access to low-cost, accessible structured notes that offer investment solutions any individual investor can access. In the episode, Jason Barsema, CEO of Halo Investing, discusses the details of structured notes, when to use structured notes and how using a platform like Halo investing for structured notes is a great option for investors seeki...

1 in 3 workers are willing to consider a lower paying job if it was a more fulfilling job. It can be nearly impossible to be fulfilled in your life if you are not fulfilled at work. In this episode, Emily Melious, CEO and fulfillment coach at Launch Consulting, discusses why fulfillment equals the alignment of your unique skills, passions, and talents. She shares how The Career Navigator Program helps mid-career professionals and high achievers make a job transition to find fulfillment in their ...

Are you properly claiming your Social Security benefits? Most people don’t put enough careful thought into Social Security claims and this mistake can leave you with a reduced retirement income. In this episode, Jim McGovern talks with Elaine Floyd, CFP®, and author of Savvy Social Security Planning For Boomers. She debunks some of the most common myths about Social Security and shares effective methods that maximize retirement income. Elaine discusses: Why you shouldn’t bank on the fear of Soc...

During the life of a business whether it be a company that is big or small, business owners put in long hours, wear different hats, and are pulled in different directions with no shortage of stress. In this episode, Jim McGovern talks about a clear path to follow so you can protect the company you have built, position this company for growth in the future, and exit the company on your own terms. Jim discusses: The differences between small businesses and public traded companies The importance o...

Do you know what ingredients are in your investment portfolio, the recipe being used and why? Do you know how markets work, the factors that influence your long-term returns, and what to expect out of your portfolio based on how it’s designed? Without an intuitive and logical framework to follow, investing can be confusing, intimidating, and frustrating. It doesn’t have to be that way. In this episode, Jim McGovern outlines the fundamentals of investing and what most investors don’t know about b...

One of the most important financial resources that you have is cash flow. We use cash flow to determine how to spend, save and plan our money for the future. What happens to you when your cash flow stops as a result of a health-related matter? In this episode of Maximizing Outcomes, Jim McGovern discusses health-related issues that may stop you from earning a pay check. He also discusses why your employer’s insurance coverage doesn’t completely protect you. Jim discusses: What disability insura...

What would happen to your estate if you were to pass away tomorrow? Do you have a will in place for your family? States such as Pennsylvania cannot guarantee that the spouse of a deceased person will inherit 100% of the money when there isn’t a will in place. In this episode, Jim McGovern talks with Brooke McMorrow, a business owner and attorney from McMorrow Law, LLC. They explore why you should develop a will and establish your power of attorney no matter what age you are. Brooke discusses: W...

Every child is going to need different quantities of support from their parents. How can you establish and navigate the support systems that your child requires? In this episode, Jim McGovern talks with Judy Herron, CPA to discuss her story of raising her son Chaz and how she became proactive in creating his financial future, finding him support systems, and finding the right opportunities for someone who is ‘differently abled’. Judy discusses: How her work as an experienced CPA impacts small b...

Everyone wants what’s best for their children even if they need a little extra support whether it be financially or emotionally. In this episode, Mike Magulick, co-founder and president of the board for the Miracle League of Moon Township, discusses his family’s story of raising and financially preparing for their child with disabilities and how this experience changed him personally. Mike discusses: His personal life story about his son’s illness at birth The journey to find expertise about hi...

Navigating the education system is completely different when you have a child with special needs, but just because it’s different doesn’t mean it has to be any more complicated. In this episode of Maximizing Outcomes, Jim McGovern talks with Dr. Hall-Wirth, an assistant professor at Slippery Rock University in West Pennsylvania. Dr. Jessica Hall-Wirth outlines the evolving landscape of special education and explains the resources available for your child with special needs to pursue not only an ...

What’s at stake when setting your child up for a successful financial future? What specific goals do you have in mind for your child? In this episode, Jim McGovern will give you practical insights and an overview of life planning, building a sustainable wealth for you and your children, and caring for your child’s future. Jim discusses: His philosophies of planning for your child’s financial future Planning your financial timeline and how to properly incorporate your children’s financial inheri...

You should understand just how fragile financial plans really can be and stay realistic about what you are up against. If it was easy to do, then you wouldn’t hear about people running out of money. In this episode, Jim McGovern shares how retirement income planning has changed over the years. He also briefly explains four rules that will help you add structure to your retirement planning all while enjoying more income. Jim discusses: The history of retirement planning Two significant changes t...

Planning for your finances far in advance is always a good idea. However, planning for harsh financial circumstances is much more difficult. In this episode of Maximizing Outcomes, Jim McGovern explains what clients can expect when having their first conversation with a financial advisor. He also goes into detail about the difference between a good and a great strategy when saving money for retirement. Jim discusses: What the first conversation with his team looks like using his unique four-ste...

Introducing the Maximizing Outcomes podcast with Jim McGovern. Listen in for uncommon perspectives, powerful resources, and experienced people that can help you Maximize Outcomes in your life. In this inaugural episode, Jim McGovern, shares more about him from behind the microphone. He will inform and educate anybody looking to maximize their financial potential. You will learn what questions you should be asking your advisor and how to collaborate with your advisor to pave the way for better ou...