Ep. 106 The Power of Strategic Financial Planning
The Power of Strategic Financial Planning
Success in financial planning isn’t just about making money—it’s about making the right decisions at the right time. As wealth grows, so does the complexity of managing it effectively. That’s why high-achieving professionals and business owners must level up their financial strategy and assemble the right advisory team.
In this episode of the Live Life Liberated podcast, Samantha Lawrence speaks with Kyle Whissel, owner of Whissel Realty, about his journey from foundational financial planning to implementing advanced wealth strategies. With a rapidly growing business and increasing tax liabilities, Kyle shares how Centura Wealth Advisory has been instrumental in helping him optimize his wealth, minimize taxes, and build a top-tier financial team.
Key Takeaways
1. The Importance of Upgrading Your Financial Team
As income increases, financial needs evolve. What worked in the early stages of building wealth may not be effective for managing multi-seven-figure earnings. Kyle explains how upgrading his advisory team was a critical step in optimizing his financial future.
“The team that got you here won’t necessarily get you there. You have to recognize when it’s time to level up and bring in experts who can handle the complexities of growing wealth.” – Kyle Whissel
2. Creating Synergy Among Advisors
Having a financial team isn’t enough—it’s about ensuring all advisors are aligned. Too often, professionals work in silos, leading to inefficiencies and missed opportunities. Kyle shares how a coordinated team approach has improved his financial decision-making.
“If your CPA and wealth advisor aren’t on the same page, you can’t execute strategies effectively. Making sure your team is in alignment is essential.” – Kyle Whissel
3. Leveraging Advanced Tax Strategies
As tax bills increase, high-income individuals must shift from basic tax-saving methods to advanced strategies such as:
- Defined Benefit Plans – Maximizing pre-tax contributions
- Charitable Lead Trusts (CLTs) – Combining philanthropy with tax efficiency
- Cost Segregation Studies – Optimizing depreciation for real estate investors
By implementing these strategies, Kyle has significantly reduced his tax burden while reinvesting in his business and personal financial goals.
4. Flexibility in Financial Planning
Income levels fluctuate, especially for business owners. Establishing flexible financial strategies allows for adjustments based on profitability each year. Kyle highlights how Centura Wealth Advisory has helped him fine-tune his approach to balance reinvestment and tax savings.
“Not all businesses have linear income growth. Having the ability to pull different financial levers each year gives us the flexibility we need.” – Kyle Whissel
5. Structuring Investments for Long-Term Growth
As Kyle has expanded his business ventures—including real estate development—working with Centura has provided him with critical insights into structuring investments, evaluating risks, and attracting investors.
“Centura helps me poke holes in investment opportunities, making sure we’re structuring deals the right way before presenting them to investors.” – Kyle Whissel
Final Thoughts
Financial success isn’t just about earning more—it’s about being proactive, strategic, and surrounding yourself with the right team. Whether it’s reducing taxes, optimizing investments, or ensuring alignment across advisors, strategic financial planning plays a crucial role in long-term wealth preservation and growth.
For more insights, connect with Centura Wealth Advisory at centurawealth.com.
Disclaimer
The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Centura Wealth Advisory. The content has been made available for informational and educational purposes only. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.Centura Wealth Advisory (Centura) is an SEC-registered investment advisor with its principal place of business in San Diego, California. Centura and its representatives are in compliance with the current registration and notice filing requirements imposed on SEC-registered investment advisors in which Centura maintains clients. Centura may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. Past performance is no guarantee of future results. Tax relief varies based on client circumstances, and all clients do not achieve the same results.
