PODCAST
Charitable Giving Strategies: DAFs and Charitable Trusts Explained
He starts with donor-advised funds, where you can take the deduction now and decide on the causes later. He moves into charitable trusts, how a remainder trust can sell an appreciated asset without triggering the gain, pay you income while you're living, and leave the balance to charity, and how a lead trust reverses that order. He covers the acronyms, CRAT, CRUT, CLT, the ten percent rule of thumb, and why irrevocable means what it says.
He closes on leveraged giving, where a donated asset is appraised well above what it cost, why the IRS has tightened rules on things like conservation easements, and how to tell a legitimate structure from an inflated appraisal.
Educational only, not tax or financial advice.
Resources mentioned:
Perennial Pride:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with Perennial Pride:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
Chapters:
00:00:00 - Welcome and introducing today's topic, charitable giving
00:01:00 - Where people stumble: where to donate, how to do it, and the tax side of it
00:03:00 - The simplest starting point: donating cash to causes you care about
00:03:30 - What a donor-advised fund is and why people use one
00:06:30 - Why charitable trusts exist: income needs versus giving needs
00:08:52 - The charitable remainder trust: income now, charity later
00:10:52 - The charitable lead trust: charity first, beneficiaries later
00:13:24 - Leveraged giving: donating an appreciated asset above its cost
00:18:34 - Why the IRS tightened the rules on conservation easements
00:22:00 - The two things that matter most: your why and your team
#charitablegiving #WealthStrategy #TaxPlanning #EstatePlanning #PerennialPrideShow More
Now Playing
Charitable Giving Strategies: DAFs and Charitable Trusts Explained
Most people want to give. What stops ...
Most people want to give. What stops them usually isn't generosity, it's not knowing where to start or what the tax side actually looks like. In this episode, Tom Suvansri ...walks through the charitable giving landscape from the simplest entry point to the most scrutinized.
He starts with donor-advised funds, where you can take the deduction now and decide on the causes later. He moves into charitable trusts, how a remainder trust can sell an appreciated asset without triggering the gain, pay you income while you're living, and leave the balance to charity, and how a lead trust reverses that order. He covers the acronyms, CRAT, CRUT, CLT, the ten percent rule of thumb, and why irrevocable means what it says.
He closes on leveraged giving, where a donated asset is appraised well above what it cost, why the IRS has tightened rules on things like conservation easements, and how to tell a legitimate structure from an inflated appraisal.
Educational only, not tax or financial advice.
Resources mentioned:
Perennial Pride:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with Perennial Pride:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
Chapters:
00:00:00 - Welcome and introducing today's topic, charitable giving
00:01:00 - Where people stumble: where to donate, how to do it, and the tax side of it
00:03:00 - The simplest starting point: donating cash to causes you care about
00:03:30 - What a donor-advised fund is and why people use one
00:06:30 - Why charitable trusts exist: income needs versus giving needs
00:08:52 - The charitable remainder trust: income now, charity later
00:10:52 - The charitable lead trust: charity first, beneficiaries later
00:13:24 - Leveraged giving: donating an appreciated asset above its cost
00:18:34 - Why the IRS tightened the rules on conservation easements
00:22:00 - The two things that matter most: your why and your team
#charitablegiving #WealthStrategy #TaxPlanning #EstatePlanning #PerennialPrideShow More
He starts with donor-advised funds, where you can take the deduction now and decide on the causes later. He moves into charitable trusts, how a remainder trust can sell an appreciated asset without triggering the gain, pay you income while you're living, and leave the balance to charity, and how a lead trust reverses that order. He covers the acronyms, CRAT, CRUT, CLT, the ten percent rule of thumb, and why irrevocable means what it says.
He closes on leveraged giving, where a donated asset is appraised well above what it cost, why the IRS has tightened rules on things like conservation easements, and how to tell a legitimate structure from an inflated appraisal.
Educational only, not tax or financial advice.
Resources mentioned:
Perennial Pride:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with Perennial Pride:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
Chapters:
00:00:00 - Welcome and introducing today's topic, charitable giving
00:01:00 - Where people stumble: where to donate, how to do it, and the tax side of it
00:03:00 - The simplest starting point: donating cash to causes you care about
00:03:30 - What a donor-advised fund is and why people use one
00:06:30 - Why charitable trusts exist: income needs versus giving needs
00:08:52 - The charitable remainder trust: income now, charity later
00:10:52 - The charitable lead trust: charity first, beneficiaries later
00:13:24 - Leveraged giving: donating an appreciated asset above its cost
00:18:34 - Why the IRS tightened the rules on conservation easements
00:22:00 - The two things that matter most: your why and your team
#charitablegiving #WealthStrategy #TaxPlanning #EstatePlanning #PerennialPrideShow More
Now Playing
Cash Balance Plans: Beyond the 401(k) for Business Owners
If you're a business owner who's already ...
If you're a business owner who's already maxing out your 401(k), SEP, or IRA and still facing a growing tax bill, this episode is for you. Tom Suvansri breaks down ...cash balance plans and defined benefit plans, the modern version of the corporate pension, and how business owners can design, own, and control one for their own retirement planning.
Depending on your age and income, a properly designed cash balance plan could let you defer three, four, even five times what a SEP allows, each year. Tom covers how these plans work, why they aren't just for big corporations, what the real tradeoffs are, and why coordinating with your CPA, investment advisor, and attorney matters just as much as the plan itself.
This episode is also for high-income attorneys, physicians, and anyone building a side business who may not realize these strategies could apply to them too.
Topics covered: cash balance plans, defined benefit plans, proactive tax planning, retirement planning for business owners, coordinated wealth strategy, and building a Virtual Family Office around your financial life.
This is general education, not personalized financial advice. Every situation is unique, so use this as a starting point for questions to bring to your own advisory team.
Resources mentioned:
Perennial Pride:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with Perennial Pride:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
Chapters:
00:00:00 - Welcome and why retirement planning looks different for business owners
00:01:23 - Why most retirement advice is built for W2 workers, not owners
00:03:12 - When maxing out your 401(k), SEP, or IRA still isn't enough
00:04:14 - What cash balance and pension plans actually are
00:05:52 - How much more you can defer compared to a SEP
00:07:52 - Why a cash balance plan can't be built in isolation
00:09:52 - The myth that pension plans are only for big corporations
00:11:25 - Why your CPA, investment advisor, and attorney need to coordinate
00:14:47 - Why this also applies to attorneys, physicians, and side business owners
00:18:57 - Tom's invitation to explore further and reach out to the team
#CashBalancePlan #FinancialFreedom #WealthStrategy #BusinessOwners #PerennialPrideShow More
Depending on your age and income, a properly designed cash balance plan could let you defer three, four, even five times what a SEP allows, each year. Tom covers how these plans work, why they aren't just for big corporations, what the real tradeoffs are, and why coordinating with your CPA, investment advisor, and attorney matters just as much as the plan itself.
This episode is also for high-income attorneys, physicians, and anyone building a side business who may not realize these strategies could apply to them too.
Topics covered: cash balance plans, defined benefit plans, proactive tax planning, retirement planning for business owners, coordinated wealth strategy, and building a Virtual Family Office around your financial life.
This is general education, not personalized financial advice. Every situation is unique, so use this as a starting point for questions to bring to your own advisory team.
Resources mentioned:
Perennial Pride:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with Perennial Pride:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
Chapters:
00:00:00 - Welcome and why retirement planning looks different for business owners
00:01:23 - Why most retirement advice is built for W2 workers, not owners
00:03:12 - When maxing out your 401(k), SEP, or IRA still isn't enough
00:04:14 - What cash balance and pension plans actually are
00:05:52 - How much more you can defer compared to a SEP
00:07:52 - Why a cash balance plan can't be built in isolation
00:09:52 - The myth that pension plans are only for big corporations
00:11:25 - Why your CPA, investment advisor, and attorney need to coordinate
00:14:47 - Why this also applies to attorneys, physicians, and side business owners
00:18:57 - Tom's invitation to explore further and reach out to the team
#CashBalancePlan #FinancialFreedom #WealthStrategy #BusinessOwners #PerennialPrideShow More
Now Playing
Trusts Aren't Just for the Rich: What Business Owners Get Wrong About Estate Planning
Trusts Aren't Just for the Rich: What ...
Trusts Aren't Just for the Rich: What Business Owners Get Wrong About Estate Planning | Perennial Pride Podcast.
Most successful people spend all their time thinking about what they're building ...and almost no time thinking about what happens to it after they're gone. In this episode, I break down one of the most misunderstood tools in wealth building: the trust.
I start by clearing up the biggest myth out there, that trusts are only for the ultra-wealthy. They're not. If you have a business, a home, a retirement account, or any assets you'd want handled a certain way if you weren't here to manage them, this episode is for you.
I walk through the basics of revocable versus irrevocable trusts, why so many estate plans quietly go stale as life gets more complicated, and why business owners in particular carry extra urgency around succession planning and buy-sell agreements.
I also get into a disconnect I see constantly: your estate attorney, your CPA, and your financial advisor working in silos instead of coordinating together. Using the analogy of building a home, I explain why you need someone architecting the whole blueprint, not just a collection of good advisors working independently.
If today's conversation surfaces a gap in your own estate plan, tax strategy, or investments, reach out to me at perennialpride.com.
Chapters:
00:00:00 - Introduction: What Happens to Your Wealth at the End
00:00:34 - Why Most People Never Plan for the End
00:02:10 - This Is Not Legal, Tax, or Financial Advice
00:04:00 - A Trust Is a Structure, Not Just a Legal Document
00:05:00 - Who Receives Your Assets, When, and How
00:06:00 - Planning Ahead vs. Leaving Your Family to Figure It Out
00:06:50 - Revocable vs. Irrevocable Trusts Explained
00:08:00 - Myth: Trusts Are Only for the Ultra-Wealthy
00:09:00 - Growing Into the Structure You Set Up Today
00:10:00 - Why Most Estate Plans Are Outdated
00:11:00 - The Medical School Example: Life Changes, Your Plan Doesn't
00:12:00 - Where Estate Planning and Tax Planning Disconnect
00:13:00 - Making Wealth Transfer Tax Efficient
00:14:00 - Why Your Advisors Are Working in Silos
00:15:00 - The Home-Building Analogy: You Need an Architect
00:16:00 - Why Business Owners Have More at Stake
00:17:00 - Succession Planning and Buy-Sell Agreements
00:18:00 - Two Questions to Ask Yourself Right Now
00:19:00 - How to Reach Tom and Closing Thoughts
Resources mentioned:
Perennial Pride:
https://perennialpride.com
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Book a strategy conversation:
https://www.perennialpride.com/contact-us/
Connect with Tom:
YouTube: https://www.youtube.com/@perennialpride7448
Facebook: Search Perennial Pride
LinkedIn: Search Tom Suvansri
Email: info@perennialpride.com
Phone: (203) 918-6424
The information and opinions expressed herein are obtained from sources believed to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. The information is provided as general information and is not intended to be specific financial guidance. Providing personal information may result in contact from an insurance agent.
#PerennialPride #EstatePlanning #Trusts #WealthStrategy #FinancialFreedom #BusinessOwners #TomSuvansri #LegacyPlanning #ProactiveFinancialPlanning #TakeControlShow More
Most successful people spend all their time thinking about what they're building ...and almost no time thinking about what happens to it after they're gone. In this episode, I break down one of the most misunderstood tools in wealth building: the trust.
I start by clearing up the biggest myth out there, that trusts are only for the ultra-wealthy. They're not. If you have a business, a home, a retirement account, or any assets you'd want handled a certain way if you weren't here to manage them, this episode is for you.
I walk through the basics of revocable versus irrevocable trusts, why so many estate plans quietly go stale as life gets more complicated, and why business owners in particular carry extra urgency around succession planning and buy-sell agreements.
I also get into a disconnect I see constantly: your estate attorney, your CPA, and your financial advisor working in silos instead of coordinating together. Using the analogy of building a home, I explain why you need someone architecting the whole blueprint, not just a collection of good advisors working independently.
If today's conversation surfaces a gap in your own estate plan, tax strategy, or investments, reach out to me at perennialpride.com.
Chapters:
00:00:00 - Introduction: What Happens to Your Wealth at the End
00:00:34 - Why Most People Never Plan for the End
00:02:10 - This Is Not Legal, Tax, or Financial Advice
00:04:00 - A Trust Is a Structure, Not Just a Legal Document
00:05:00 - Who Receives Your Assets, When, and How
00:06:00 - Planning Ahead vs. Leaving Your Family to Figure It Out
00:06:50 - Revocable vs. Irrevocable Trusts Explained
00:08:00 - Myth: Trusts Are Only for the Ultra-Wealthy
00:09:00 - Growing Into the Structure You Set Up Today
00:10:00 - Why Most Estate Plans Are Outdated
00:11:00 - The Medical School Example: Life Changes, Your Plan Doesn't
00:12:00 - Where Estate Planning and Tax Planning Disconnect
00:13:00 - Making Wealth Transfer Tax Efficient
00:14:00 - Why Your Advisors Are Working in Silos
00:15:00 - The Home-Building Analogy: You Need an Architect
00:16:00 - Why Business Owners Have More at Stake
00:17:00 - Succession Planning and Buy-Sell Agreements
00:18:00 - Two Questions to Ask Yourself Right Now
00:19:00 - How to Reach Tom and Closing Thoughts
Resources mentioned:
Perennial Pride:
https://perennialpride.com
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Book a strategy conversation:
https://www.perennialpride.com/contact-us/
Connect with Tom:
YouTube: https://www.youtube.com/@perennialpride7448
Facebook: Search Perennial Pride
LinkedIn: Search Tom Suvansri
Email: info@perennialpride.com
Phone: (203) 918-6424
The information and opinions expressed herein are obtained from sources believed to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. The information is provided as general information and is not intended to be specific financial guidance. Providing personal information may result in contact from an insurance agent.
#PerennialPride #EstatePlanning #Trusts #WealthStrategy #FinancialFreedom #BusinessOwners #TomSuvansri #LegacyPlanning #ProactiveFinancialPlanning #TakeControlShow More
Now Playing
Selling a Business? The Tax Moves That Decide What You Keep
Most business owners spend years ...
Most business owners spend years building their company and almost no time planning how they'll eventually leave it. In this episode, I break down why that gap is so expensive, ...and what to do about it.
I walk through three levers every business owner should understand well before they're ready to sell: timing, deal structure, and advanced tax strategy. You'll hear why roughly half of all business sales are forced rather than chosen, why sophisticated owners negotiate the structure of a deal and not just the price, and how tools like qualified small business stock and qualified opportunity zones can protect millions of dollars in gains if you start planning years in advance.
This isn't legal or financial advice. It's a framework to help you start the conversation with your own CPA, attorney, and advisor team, whether you're years from selling or closer than you think.
Resources from this episode:
Perennial Pride Podcast:
https://perennialpride.com
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Chapters:
00:00:00 - Introduction: Why Every Business Owner Needs an Exit Plan
00:02:10 - This Is Not Legal or Financial Advice
00:03:35 - Imagining Your Business 20 Years From Now
00:04:35 - Your Business Is Likely Your Biggest Asset
00:05:05 - Why Taxes Are the Biggest Cost of Selling
00:07:35 - Lever One: Timing Your Exit
00:08:05 - Factoring In Your Full Financial Picture
00:09:35 - Installment Sales: Spreading the Sale Over Time
00:11:05 - Why Half of Business Sales Are Forced
00:12:05 - The Cost of Selling While Exhausted
00:14:20 - Lever Two: Structuring the Deal
00:15:05 - Price Isn't the Only Thing That Matters
00:15:50 - Asset Sale vs. Equity Sale
00:16:35 - Using Earn-Outs to Structure a Sale
00:18:20 - Owner Financing and Installment Payments
00:20:35 - Lever Three: Advanced Tax Strategies
00:22:20 - Introducing Qualified Small Business Stock (QSBS)
00:23:05 - QSBS Requirements: C Corps, Size Limits, and the 5-Year Rule
00:24:20 - Planning Five-Plus Years Ahead for QSBS
00:25:05 - Qualified Opportunity Zones Explained
00:26:05 - How Opportunity Zone Gains Can Become Tax-Free
00:30:20 - Building Your Advisor Team
00:31:20 - Why Estate Planning and Insurance Belong in the Conversation
00:32:05 - What Comes After the Sale: Designing Your Next Chapter
00:33:15 - Closing Thoughts
Connect:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
YouTube: https://www.youtube.com/@perennialpride7448
Facebook: Perennial Pride
LinkedIn: Perennial PrideShow More
I walk through three levers every business owner should understand well before they're ready to sell: timing, deal structure, and advanced tax strategy. You'll hear why roughly half of all business sales are forced rather than chosen, why sophisticated owners negotiate the structure of a deal and not just the price, and how tools like qualified small business stock and qualified opportunity zones can protect millions of dollars in gains if you start planning years in advance.
This isn't legal or financial advice. It's a framework to help you start the conversation with your own CPA, attorney, and advisor team, whether you're years from selling or closer than you think.
Resources from this episode:
Perennial Pride Podcast:
https://perennialpride.com
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Chapters:
00:00:00 - Introduction: Why Every Business Owner Needs an Exit Plan
00:02:10 - This Is Not Legal or Financial Advice
00:03:35 - Imagining Your Business 20 Years From Now
00:04:35 - Your Business Is Likely Your Biggest Asset
00:05:05 - Why Taxes Are the Biggest Cost of Selling
00:07:35 - Lever One: Timing Your Exit
00:08:05 - Factoring In Your Full Financial Picture
00:09:35 - Installment Sales: Spreading the Sale Over Time
00:11:05 - Why Half of Business Sales Are Forced
00:12:05 - The Cost of Selling While Exhausted
00:14:20 - Lever Two: Structuring the Deal
00:15:05 - Price Isn't the Only Thing That Matters
00:15:50 - Asset Sale vs. Equity Sale
00:16:35 - Using Earn-Outs to Structure a Sale
00:18:20 - Owner Financing and Installment Payments
00:20:35 - Lever Three: Advanced Tax Strategies
00:22:20 - Introducing Qualified Small Business Stock (QSBS)
00:23:05 - QSBS Requirements: C Corps, Size Limits, and the 5-Year Rule
00:24:20 - Planning Five-Plus Years Ahead for QSBS
00:25:05 - Qualified Opportunity Zones Explained
00:26:05 - How Opportunity Zone Gains Can Become Tax-Free
00:30:20 - Building Your Advisor Team
00:31:20 - Why Estate Planning and Insurance Belong in the Conversation
00:32:05 - What Comes After the Sale: Designing Your Next Chapter
00:33:15 - Closing Thoughts
Connect:
Website: https://perennialpride.com
Email: info@perennialpride.com
Phone: (203) 918-6424
YouTube: https://www.youtube.com/@perennialpride7448
Facebook: Perennial Pride
LinkedIn: Perennial PrideShow More
Now Playing
The Tax Drag Nobody Talks About
Most people chase investment alpha, ...
Most people chase investment alpha, better returns, smarter allocations, the next great opportunity. Almost nobody chases tax alpha, and it might be the single biggest opportunity sitting in your financial ...life right now.
In this episode, Tom Suvansri breaks down tax drag: the quiet, ongoing cost of taxes that erodes your wealth every year without ever showing up as a line item you'd notice. It hides in your withholding. It hides inside your 401(k). And for most successful business owners and professionals, it's the biggest expense they've never actually measured.
Tom walks through a real example: a business owner earning $500,000 a year might pay over $100,000 in federal taxes with zero planning. Save just 15% of that bill through proactive tax planning, about $15,000 a year, and compound it at 7% for 30 years. That's over $1.4 million in additional wealth, built from money that was already yours.
You'll also learn why tax deferral through a 401(k) or IRA is only half the strategy, why most CPAs are built for compliance instead of proactive planning, and why mid-year, not December, is the smartest time to start building your own tax-efficient structure.
Timestamps
00:00:00 - Welcome to Perennial Pride
00:00:19 - Investment Alpha vs. Tax Alpha
00:01:19 - Taxes: Your Number One Expense
00:02:00 - The Invisible Tax Drag of Withholding
00:04:19 - Why Tax Deferral Isn't a Full Strategy
00:05:19 - In Partnership With the IRS
00:07:41 - The Math: $500K Income, $100K Tax Bill
00:08:19 - Saving 15% Compounds to $1.4 Million
00:11:00 - Your CPA's Rearview Mirror Problem
00:12:19 - The Tax Code Is an Incentive Structure
00:14:00 - Why Mid-Year Is the Best Time to Plan
00:16:00 - How to Get Started
Links
Learn more and connect with Tom's team:
https://perennialpride.com/
Get the book, Wealth Beyond the Numbers: https://perennialpride.com/books/
Subscribe on YouTube: @perennialpride7448
#TaxAlpha #TaxPlanning #WealthStrategy #FinancialFreedom #ProactiveTaxPlanning #InfiniteBanking #BusinessOwners #PerennialPrideShow More
In this episode, Tom Suvansri breaks down tax drag: the quiet, ongoing cost of taxes that erodes your wealth every year without ever showing up as a line item you'd notice. It hides in your withholding. It hides inside your 401(k). And for most successful business owners and professionals, it's the biggest expense they've never actually measured.
Tom walks through a real example: a business owner earning $500,000 a year might pay over $100,000 in federal taxes with zero planning. Save just 15% of that bill through proactive tax planning, about $15,000 a year, and compound it at 7% for 30 years. That's over $1.4 million in additional wealth, built from money that was already yours.
You'll also learn why tax deferral through a 401(k) or IRA is only half the strategy, why most CPAs are built for compliance instead of proactive planning, and why mid-year, not December, is the smartest time to start building your own tax-efficient structure.
Timestamps
00:00:00 - Welcome to Perennial Pride
00:00:19 - Investment Alpha vs. Tax Alpha
00:01:19 - Taxes: Your Number One Expense
00:02:00 - The Invisible Tax Drag of Withholding
00:04:19 - Why Tax Deferral Isn't a Full Strategy
00:05:19 - In Partnership With the IRS
00:07:41 - The Math: $500K Income, $100K Tax Bill
00:08:19 - Saving 15% Compounds to $1.4 Million
00:11:00 - Your CPA's Rearview Mirror Problem
00:12:19 - The Tax Code Is an Incentive Structure
00:14:00 - Why Mid-Year Is the Best Time to Plan
00:16:00 - How to Get Started
Links
Learn more and connect with Tom's team:
https://perennialpride.com/
Get the book, Wealth Beyond the Numbers: https://perennialpride.com/books/
Subscribe on YouTube: @perennialpride7448
#TaxAlpha #TaxPlanning #WealthStrategy #FinancialFreedom #ProactiveTaxPlanning #InfiniteBanking #BusinessOwners #PerennialPrideShow More
Now Playing
From Tax Compliance to Tax Strategy: Why Your CPA Should Be Building Your Wealth
Most people find out what they owe the ...
Most people find out what they owe the IRS only after it’s too late to change the outcome. In this episode of the Perennial Pride Podcast, Tom Suvansri breaks down ...a client’s sixty-thousand-dollar tax surprise and why that scoreboard moment shouldn’t catch anyone off guard.
Tom walks through the real difference between tax compliance, which reports what already happened, and tax strategy, which designs what happens next, and why mid-year is the ideal time to start that conversation with your CPA instead of waiting until filing season.
You’ll learn which life events, new jobs, equity windfalls, real estate sales, and business sales require proactive tax planning months in advance, what the modern CPA is starting to ask their clients, and why building a coordinated team of advisors- tax, investment, and legal- is essential to avoiding surprises and building real wealth.
This episode is for business owners, entrepreneurs, and high-income professionals who are ready to move from reactive tax prep to proactive tax strategy and take control of their full financial picture.
Chapters:
00:00:00 - Introduction
00:00:23 - Why Mid-Year Is the Best Time to Start Planning
00:00:48 - The $60,000 Tax Surprise
00:01:33 - The Scoreboard vs. The Playbook
00:02:33 - Compliance Records History, Strategy Designs the Future
00:03:36 - Why Your 401(k) Isn’t a Tax Strategy
00:04:34 - Why Tax Season Is Already Too Late
00:05:24 - Life Events That Require Proactive Planning
00:06:44 - How the Modern CPA Is Changing
00:07:25 - The Wealth Architect Analogy
00:08:13 - Why Your Advisors Need to Coordinate
00:09:48 - Questions Every Business Owner Should Be Asking
00:11:06 - It’s Not About a Better Tax Return, It’s About a Better Financial Life
00:12:06 - What’s Coming in Future Episodes
Resources:
Perennial Pride website:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with us:
Facebook: Perennial Pride
LinkedIn: Perennial Pride
YouTube: @perennialpride7448
#PerennialPride #TaxStrategy #FinancialFreedom #WealthStrategy #ProactiveTaxPlanningShow More
Tom walks through the real difference between tax compliance, which reports what already happened, and tax strategy, which designs what happens next, and why mid-year is the ideal time to start that conversation with your CPA instead of waiting until filing season.
You’ll learn which life events, new jobs, equity windfalls, real estate sales, and business sales require proactive tax planning months in advance, what the modern CPA is starting to ask their clients, and why building a coordinated team of advisors- tax, investment, and legal- is essential to avoiding surprises and building real wealth.
This episode is for business owners, entrepreneurs, and high-income professionals who are ready to move from reactive tax prep to proactive tax strategy and take control of their full financial picture.
Chapters:
00:00:00 - Introduction
00:00:23 - Why Mid-Year Is the Best Time to Start Planning
00:00:48 - The $60,000 Tax Surprise
00:01:33 - The Scoreboard vs. The Playbook
00:02:33 - Compliance Records History, Strategy Designs the Future
00:03:36 - Why Your 401(k) Isn’t a Tax Strategy
00:04:34 - Why Tax Season Is Already Too Late
00:05:24 - Life Events That Require Proactive Planning
00:06:44 - How the Modern CPA Is Changing
00:07:25 - The Wealth Architect Analogy
00:08:13 - Why Your Advisors Need to Coordinate
00:09:48 - Questions Every Business Owner Should Be Asking
00:11:06 - It’s Not About a Better Tax Return, It’s About a Better Financial Life
00:12:06 - What’s Coming in Future Episodes
Resources:
Perennial Pride website:
https://perennialpride.com/
Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books/
Connect with us:
Facebook: Perennial Pride
LinkedIn: Perennial Pride
YouTube: @perennialpride7448
#PerennialPride #TaxStrategy #FinancialFreedom #WealthStrategy #ProactiveTaxPlanningShow More
Now Playing
You don't eliminate financial problems. You upgrade them.
In this episode of the Perennial Pride ...
In this episode of the Perennial Pride Podcast, Tom Suvansri reframes what success in wealth-building actually looks like. Most business owners, entrepreneurs, and high-net-worth individuals spend years trying to reach ...a point where the financial challenges disappear. That point doesn't exist, and understanding why changes everything about how you approach taxes, investments, retirement, and legacy planning.
Tom breaks down the core principle: the quality of your financial life is determined by the quality of the problems you're capable of solving. Every milestone you reach introduces a new layer of complexity. More income means a tax problem. Solving the tax problem demands a smarter investment strategy. Building real wealth opens up retirement questions. Retirement leads directly to legacy planning.
He also explores what this means for CPAs and financial advisors navigating the shift from transactional roles to trusted advisory ones, and why helping clients make better decisions across their entire financial life is where the real value now lives.
Drawing on his own golf game, his experience parenting two sons on the edge of adulthood, and what he sees every day working with business owners and wealth strategists, Tom closes with a single question that reframes how you think about every financial decision you'll ever make:
Stop asking how to eliminate all your problems. Start asking who you need to become to solve the next one.
Solve, evolve, repeat.
CHAPTERS
00:00:00 - Introduction: The Problem Progression
00:01:09 - You Don't Eliminate Problems, You Upgrade Them
00:01:37 - Life as a Progression of Meaningful Challenges
00:02:22 - The Quality of Life Equation
00:02:56 - Why Growth Requires Uncertainty
00:04:23 - The Golf Analogy: Confidence Through Experience
00:05:47 - How CPAs Are Evolving to Advisory Roles
00:08:53 - Financial Advisors: From Portfolios to Holistic Guidance
00:10:40 - Clients Need Clarity, Not More Information
00:12:02 - The Parenting Analogy: Obstacles Build Growth
00:14:35 - Coordinating Taxes, Investments, Retirement, and Legacy
00:16:33 - Solve, Evolve, Repeat: The Universal Pattern
00:17:27 - The Question That Changes Everything
CONNECT WITH TOM SUVANSRI
Website: https://perennialpride.com/
Book - Wealth Beyond the Numbers: https://perennialpride.com/books
Facebook: Perennial Pride
LinkedIn: Perennial Pride
YouTube: @perennialpride7448
Email: info@perennialpride.com
Phone: (203) 918-6424Show More
Tom breaks down the core principle: the quality of your financial life is determined by the quality of the problems you're capable of solving. Every milestone you reach introduces a new layer of complexity. More income means a tax problem. Solving the tax problem demands a smarter investment strategy. Building real wealth opens up retirement questions. Retirement leads directly to legacy planning.
He also explores what this means for CPAs and financial advisors navigating the shift from transactional roles to trusted advisory ones, and why helping clients make better decisions across their entire financial life is where the real value now lives.
Drawing on his own golf game, his experience parenting two sons on the edge of adulthood, and what he sees every day working with business owners and wealth strategists, Tom closes with a single question that reframes how you think about every financial decision you'll ever make:
Stop asking how to eliminate all your problems. Start asking who you need to become to solve the next one.
Solve, evolve, repeat.
CHAPTERS
00:00:00 - Introduction: The Problem Progression
00:01:09 - You Don't Eliminate Problems, You Upgrade Them
00:01:37 - Life as a Progression of Meaningful Challenges
00:02:22 - The Quality of Life Equation
00:02:56 - Why Growth Requires Uncertainty
00:04:23 - The Golf Analogy: Confidence Through Experience
00:05:47 - How CPAs Are Evolving to Advisory Roles
00:08:53 - Financial Advisors: From Portfolios to Holistic Guidance
00:10:40 - Clients Need Clarity, Not More Information
00:12:02 - The Parenting Analogy: Obstacles Build Growth
00:14:35 - Coordinating Taxes, Investments, Retirement, and Legacy
00:16:33 - Solve, Evolve, Repeat: The Universal Pattern
00:17:27 - The Question That Changes Everything
CONNECT WITH TOM SUVANSRI
Website: https://perennialpride.com/
Book - Wealth Beyond the Numbers: https://perennialpride.com/books
Facebook: Perennial Pride
LinkedIn: Perennial Pride
YouTube: @perennialpride7448
Email: info@perennialpride.com
Phone: (203) 918-6424Show More
Now Playing
Stop Letting Your Family Figure It Out: Estate Planning, Family Legacy, and Business Succession
Estate planning is one of the most ...
Estate planning is one of the most important conversations a business owner can have, and one of the most commonly avoided. In this episode, Tom Suvansri sits down with Heidi ...Olson, founder of Pathfinder Legacy and a 30-year veteran of the banking and trust industry, to explore what legacy really means and why so many families never get around to protecting it.
Heidi works with farmers, ranchers, family businesses, and individuals to help them navigate estate planning, business succession, and the family conversations most people have been putting off for years. But this episode goes beyond the legal documents and beneficiary designations. It's about the family stories, the heritage, and the values that get lost when nobody talks.
What you'll learn in this episode:
- Why most families avoid estate and succession planning conversations
- How generational silence around death and money creates real downstream family conflict
- The staged approach to family succession conversations that actually works
- Why fair doesn't always have to equal in estate planning
- What to put on your estate planning checklist this week
- The real financial cost of estate contests (they're funded by the estate)
- How often to review and update your estate plan
Connect with Heidi Olson / Pathfinder Legacy:
Website: https://pathfinderlegacy.com
Instagram: https://www.instagram.com/pathfinderlegacyadvisor/
Facebook: https://www.facebook.com/people/Pathfinder-Legacy/61577727731067
LinkedIn: https://www.linkedin.com/company/pathfinder-legacy
Connect with Tom Suvansri / Perennial Pride:
Website: https://perennialpride.com
Book - Wealth Beyond the Numbers: https://perennialpride.com/books/
Book a Strategy Conversation: https://perennialpride.com/books/
Email: info@perennialpride.com
Chapters:
00:00:00 - Welcome and Introduction
00:01:16 - Heidi Olson and Pathfinder Legacy: What She Does
00:02:38 - Redefining Legacy: Stories, Heritage, and Family Identity
00:03:32 - Why Families Avoid Estate and Succession Conversations
00:07:22 - What Happens When Families Finally Start Talking
00:09:34 - Preserving Family Stories Across Generations
00:11:39 - How Legacy Gets Lost: Conflict, Avoidance, and Expectations
00:13:40 - Starting Small: Building a Succession Timeline
00:15:59 - Real Stories: When No Plan Becomes the Plan
00:19:56 - What Successful Families Do Differently
00:20:21 - Heidi's Mediation Process: Structuring Family Conversations
00:25:53 - Bringing In Advisors: Tax Law, Attorneys, and the One Big Beautiful Bill
00:30:47 - Why Estate Plans Must Be Updated Regularly
00:33:23 - The Real Cost of Waiting: Conflict, Depleted Estates, Legal Fees
00:34:29 - First Steps This Week: Your Asset Inventory and Checklist
00:41:50 - Planning as an Act of Care for Your Family
00:44:01 - Key Takeaway: Communicate and Start Today
00:45:07 - How to Connect with Heidi Olson and Pathfinder Legacy
#EstatePlanning #BusinessSuccession #FamilyLegacy #WealthStrategy #PerennialPridePodcast #TomSuvansri #LegacyPlanning #SuccessionPlanning #FinancialFreedom #WealthBeyondTheNumbersShow More
Heidi works with farmers, ranchers, family businesses, and individuals to help them navigate estate planning, business succession, and the family conversations most people have been putting off for years. But this episode goes beyond the legal documents and beneficiary designations. It's about the family stories, the heritage, and the values that get lost when nobody talks.
What you'll learn in this episode:
- Why most families avoid estate and succession planning conversations
- How generational silence around death and money creates real downstream family conflict
- The staged approach to family succession conversations that actually works
- Why fair doesn't always have to equal in estate planning
- What to put on your estate planning checklist this week
- The real financial cost of estate contests (they're funded by the estate)
- How often to review and update your estate plan
Connect with Heidi Olson / Pathfinder Legacy:
Website: https://pathfinderlegacy.com
Instagram: https://www.instagram.com/pathfinderlegacyadvisor/
Facebook: https://www.facebook.com/people/Pathfinder-Legacy/61577727731067
LinkedIn: https://www.linkedin.com/company/pathfinder-legacy
Connect with Tom Suvansri / Perennial Pride:
Website: https://perennialpride.com
Book - Wealth Beyond the Numbers: https://perennialpride.com/books/
Book a Strategy Conversation: https://perennialpride.com/books/
Email: info@perennialpride.com
Chapters:
00:00:00 - Welcome and Introduction
00:01:16 - Heidi Olson and Pathfinder Legacy: What She Does
00:02:38 - Redefining Legacy: Stories, Heritage, and Family Identity
00:03:32 - Why Families Avoid Estate and Succession Conversations
00:07:22 - What Happens When Families Finally Start Talking
00:09:34 - Preserving Family Stories Across Generations
00:11:39 - How Legacy Gets Lost: Conflict, Avoidance, and Expectations
00:13:40 - Starting Small: Building a Succession Timeline
00:15:59 - Real Stories: When No Plan Becomes the Plan
00:19:56 - What Successful Families Do Differently
00:20:21 - Heidi's Mediation Process: Structuring Family Conversations
00:25:53 - Bringing In Advisors: Tax Law, Attorneys, and the One Big Beautiful Bill
00:30:47 - Why Estate Plans Must Be Updated Regularly
00:33:23 - The Real Cost of Waiting: Conflict, Depleted Estates, Legal Fees
00:34:29 - First Steps This Week: Your Asset Inventory and Checklist
00:41:50 - Planning as an Act of Care for Your Family
00:44:01 - Key Takeaway: Communicate and Start Today
00:45:07 - How to Connect with Heidi Olson and Pathfinder Legacy
#EstatePlanning #BusinessSuccession #FamilyLegacy #WealthStrategy #PerennialPridePodcast #TomSuvansri #LegacyPlanning #SuccessionPlanning #FinancialFreedom #WealthBeyondTheNumbersShow More
Now Playing
Don't Just Preach Finance: Showing My 20-Year-Old Real Estate Syndications in Action
Don't Just Preach Finance: Showing My ...
Don't Just Preach Finance: Showing My 20-Year-Old Real Estate Syndications in Action | Perennial Pride Podcast
This week, I brought my son Aidan onto the Perennial Pride Podcast for the first ...time. He's 20, he's in college, and he came with me on a due diligence trip to Raleigh, North Carolina, to review a multifamily real estate syndication opportunity. This is part two of that series — and it's a different kind of episode.
Aidan walks through what he expected before the trip, what surprised him when we got there, and how the experience fundamentally changed his understanding of what investing can look like. Before the trip, his frame of reference was stocks, ETFs, and crypto — the kinds of investments you find on an app. After seeing the properties, meeting the operators, and sitting with the CEO, that frame expanded.
We talk through some of the most important principles in wealth building: why the risk is always in the investor, not the investment; why selective operators who stay in their lane earn more trust; what Warren Buffett's punch card philosophy has to do with how you build a portfolio; and what financial education is missing for the next generation.
If you have kids, clients, or people in your life who are early in their financial journey, this episode is worth sharing. And if you're further along — building toward financial freedom as a business owner or high-net-worth investor — there's something in here for you too.
Haven't caught part one yet? Search "Perennial Pride Podcast Raleigh" on YouTube to find the first episode in this series, where I go deeper on the investment itself and the due diligence process.
Chapters:
00:00:00 - Introduction
00:00:06 - Welcome & Episode Overview: Father-Son Trip to Raleigh
00:01:30 - Introducing Aidan: First Time on the Podcast
00:01:49 - What Aidan Expected Before the Trip
00:02:16 - First Impressions of the Properties and Team
00:03:32 - Why Real Estate Is a Business, Not Just a Building
00:04:28 - How the Trip Expanded Aidan's View of Investing
00:05:48 - The Risk Is in the Investor, Not the Investment
00:07:33 - Social Media Investing vs. Real-World Due Diligence
00:08:27 - Why "Alternative" Doesn't Mean High Risk
00:09:44 - Selectivity and Staying in Your Lane
00:10:37 - The Buffett Punch Card Philosophy
00:11:34 - What Schools Teach (and Don't) About Finance
00:12:23 - The Barrier to Entry for Young Investors
00:13:23 - Swallowing Your Fear and Doing the Work
00:14:15 - What Finance Education Is Missing for the Next Generation
00:15:29 - Investing as a Family: Building Toward the Future Together
00:16:28 - Money as a Tool to Build the Life You Want
00:16:53 - Aidan's Closing Thoughts: Real Estate Syndications Are More Accessible Than You Think
00:18:20 - Tom's Closing: Stay Prepared, Stay Curious
Resources mentioned:
- Perennial Pride: https://perennialpride.com
- Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books
- Book a strategy conversation: https://perennialpride.com
Connect with Tom:
- YouTube: https://www.youtube.com/@perennialpride7448
- Facebook: Search Perennial Pride
- LinkedIn: Search Tom Suvansri
- Email: info@perennialpride.com
- Phone: (203) 918-6424
The information and opinions expressed herein are obtained from sources believed to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. The information is provided as general information and is not intended to be specific financial guidance. Providing personal information may result in contact from an insurance agent.
#PerennialPride #WealthBuilding #RealEstateSyndication #AlternativeInvesting #FinancialFreedom #WealthStrategy #ProactiveFinancialPlanning #TomSuvansri #MultifamilyInvesting #FinancialEducationShow More
This week, I brought my son Aidan onto the Perennial Pride Podcast for the first ...time. He's 20, he's in college, and he came with me on a due diligence trip to Raleigh, North Carolina, to review a multifamily real estate syndication opportunity. This is part two of that series — and it's a different kind of episode.
Aidan walks through what he expected before the trip, what surprised him when we got there, and how the experience fundamentally changed his understanding of what investing can look like. Before the trip, his frame of reference was stocks, ETFs, and crypto — the kinds of investments you find on an app. After seeing the properties, meeting the operators, and sitting with the CEO, that frame expanded.
We talk through some of the most important principles in wealth building: why the risk is always in the investor, not the investment; why selective operators who stay in their lane earn more trust; what Warren Buffett's punch card philosophy has to do with how you build a portfolio; and what financial education is missing for the next generation.
If you have kids, clients, or people in your life who are early in their financial journey, this episode is worth sharing. And if you're further along — building toward financial freedom as a business owner or high-net-worth investor — there's something in here for you too.
Haven't caught part one yet? Search "Perennial Pride Podcast Raleigh" on YouTube to find the first episode in this series, where I go deeper on the investment itself and the due diligence process.
Chapters:
00:00:00 - Introduction
00:00:06 - Welcome & Episode Overview: Father-Son Trip to Raleigh
00:01:30 - Introducing Aidan: First Time on the Podcast
00:01:49 - What Aidan Expected Before the Trip
00:02:16 - First Impressions of the Properties and Team
00:03:32 - Why Real Estate Is a Business, Not Just a Building
00:04:28 - How the Trip Expanded Aidan's View of Investing
00:05:48 - The Risk Is in the Investor, Not the Investment
00:07:33 - Social Media Investing vs. Real-World Due Diligence
00:08:27 - Why "Alternative" Doesn't Mean High Risk
00:09:44 - Selectivity and Staying in Your Lane
00:10:37 - The Buffett Punch Card Philosophy
00:11:34 - What Schools Teach (and Don't) About Finance
00:12:23 - The Barrier to Entry for Young Investors
00:13:23 - Swallowing Your Fear and Doing the Work
00:14:15 - What Finance Education Is Missing for the Next Generation
00:15:29 - Investing as a Family: Building Toward the Future Together
00:16:28 - Money as a Tool to Build the Life You Want
00:16:53 - Aidan's Closing Thoughts: Real Estate Syndications Are More Accessible Than You Think
00:18:20 - Tom's Closing: Stay Prepared, Stay Curious
Resources mentioned:
- Perennial Pride: https://perennialpride.com
- Wealth Beyond the Numbers by Tom Suvansri: https://perennialpride.com/books
- Book a strategy conversation: https://perennialpride.com
Connect with Tom:
- YouTube: https://www.youtube.com/@perennialpride7448
- Facebook: Search Perennial Pride
- LinkedIn: Search Tom Suvansri
- Email: info@perennialpride.com
- Phone: (203) 918-6424
The information and opinions expressed herein are obtained from sources believed to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. The information is provided as general information and is not intended to be specific financial guidance. Providing personal information may result in contact from an insurance agent.
#PerennialPride #WealthBuilding #RealEstateSyndication #AlternativeInvesting #FinancialFreedom #WealthStrategy #ProactiveFinancialPlanning #TomSuvansri #MultifamilyInvesting #FinancialEducationShow More
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