iWealth Podcast

Selling farmland, rental property, or investment real estate? One mistake could cost you the opportunity to defer thousands of dollars in capital gains taxes.In this episode of Four Days Coming: Plan on Purpose, Brad Connors sits down with Randy Zelmer of St. Andrews Title & Exchange in Mankato, Minnesota, to explain how a 1031 exchange works, who qualifies, and the important deadlines property owners need to understand before selling.A 1031 exchange allows qualifying real estate investors to defer capital gains taxes by reinvesting proceeds from the sale of investment or business property into other qualifying real estate. But the rules are strict, and timing matters.In this episode:What is a 1031 exchange, and how does it work?How investors can defer capital gains taxes on real estateThe 45-day identification rule and 180-day completion deadlineWhy you need a qualified intermediary before closingCommon mistakes that can disqualify a 1031 exchangeHow 1031 exchanges can benefit farmland and rental property ownersThe difference between forward and reverse exchangesHow estate planning and stepped-up cost basis factor into long-term real estate decisionsThe biggest mistake? Waiting until after your property closes to ask about a 1031 exchange. By then, it may be too late.Whether you're selling farmland, exchanging rental properties, or evaluating your long-term real estate investments, understanding these rules before you sell can make a significant difference.At Four Days Coming, we believe thoughtful planning starts with asking the right questions and connecting with experienced professionals who can help you navigate important financial decisions.Plan on Purpose.This episode is for educational purposes only and is not individualized tax, legal, or investment advice. Consult qualified professionals about your circumstances.#1031Exchange #RealEstateInvesting #CapitalGainsTax #TaxPlanning #Farmland #EstatePlanning #InvestmentProperty #FourDaysComing #PlanOnPurpose

AI can answer almost any financial question. But does it know which questions you should be asking?In this episode of the iWealth Podcast: Plan on Purpose, Brad Connors and Mega Matt explore why financial planning is about more than numbers, investments, and getting the right answers.From preparing for your first meeting with a financial advisor to navigating the financial challenges that follow the loss of a spouse, they discuss why experience, relationships, and understanding your personal story still matter in an increasingly digital world.**In this episode:**- Can artificial intelligence replace a financial advisor?- Why asking better questions matters more than getting quick answers- What people fear most about meeting with a financial advisor- The Family Financial Fire Drill: What would your spouse need to know if you didn't come home tomorrow?- How financial planning helps families navigate grief and major life changes- Why your digital assets, passwords, and online accounts belong in your estate planning conversations- The importance of listening, building trust, and understanding someone's storyBrad also shares a powerful lesson from the 2008 financial crisis about a couple who never took their dream 50th anniversary trip—and how that experience changed his approach to goal-based financial planning.**The big takeaway?** Financial planning isn't just about how much money you have. It's about understanding what matters to you, preparing for life's unexpected turns, and making intentional decisions about the future.At iWealth, we call that Planning on Purpose.Subscribe for more conversations about money, business ownership, retirement, family, and living intentionally.#FinancialPlanning #ArtificialIntelligence #EstatePlanning #RetirementPlanning #AI #WealthManagement #PlanOnPurpose #iWealth

Summer Picnic - Thanks for beng part of the iWealth family.

What started as one simple idea—making sure families in Waseca County could enjoy a Christmas dinner—has grown into a 16-year tradition of generosity, community involvement, and giving back.In this episode of the iWealth Podcast: Plan on Purpose, Brad Connors sits down with his wife, Trudi, to share the story behind the annual Holiday Food Basket Program, supported by the iWealth Foundation through the Waseca Area Foundation.Together with the Waseca Area Neighborhood Service Center, local students, Scouts, businesses, and generous community members, this initiative helps provide approximately 250 families with the ingredients to prepare a special Christmas meal.But the impact doesn't stop at Christmas.The program also helps support the Backpack Program, which provides 325 backpacks of food each week to children throughout Waseca County who may otherwise go without enough food over the weekend.Brad and Trudi discuss how a small idea became a community-wide effort, why giving back matters to their family, and how the generosity of others continues to make a meaningful difference.**In this episode:**- How the Holiday Food Basket Program began 16 years ago- The community effort behind providing Christmas meals to local families- Why 325 children receive weekend food assistance each week- How donations support both Christmas meals and the Backpack Program- The importance of teaching the next generation to give back- How one simple idea can grow into something much bigger**Want to make a difference this Christmas?**The iWealth Foundation provides a $3,000 matching contribution, and donations go directly to the Waseca Area Neighborhood Service Center to support the Holiday Food Basket Program and ongoing food assistance.Visit the iWealth website to learn more about the program and how you can contribute.At iWealth, we believe planning on purpose goes beyond finances. It's about making intentional decisions with your time, resources, and generosity to make a difference in the lives of others.**Sometimes the greatest return on an investment is the impact it makes on someone else's life.**Subscribe to the iWealth Podcast for more conversations about money, business ownership, family, and living intentionally.#iWealth #PlanOnPurpose #WasecaMN #GivingBack #CommunityImpact #HolidayFoodBaskets #WasecaAreaFoundation #CharitableGiving

What if you put the same intentionality into your marriage that you put into building your business or career?In this episode of the iWealth Podcast, Brad sits down with longtime friend Lamar Lark, founder of Unbreakable Promise, to talk about marriage, purpose, and why success outside the home doesn’t mean nearly as much if you’re not also “winning at home.”After more than 40 years of marriage and decades of working with couples, Lamar and his wife, Brenda, developed Unbreakable Promise to help couples intentionally work on their relationship—not because their marriage is broken, but because strong marriages still deserve attention, coaching, and continued growth.Lamar shares the seven key areas they work through with couples: mindset and emotional intelligence, communication, finances, health and wellness, faith, family, and legacy. The goal is to help each spouse answer an important question: What does it take for me to show up as the best version of myself every day?Just like we have coaches for business, athletics, and other important areas of life, why wouldn’t we intentionally invest time in coaching one of our most important relationships?Brad and Lamar also discuss the 2027 Unbreakable Promise Weekends and how couples can experience the program before committing to the full-year journey.Learn more about Unbreakable Promise at UnbreakablePromise.com.