The Financial Harmony™ Podcast
The Financial Harmony Podcast with Dr. Preston Cherry blends strategy and soul for Gen X professionals who want to align their money with their life. Each week, Dr. Cherry, CFP®, Ph.D., and Financial Therapist, shares clear lessons on retirement, investing, and tax planning alongside real conversations about money psychology, behavior, and well-being. You’ll gain insights to reduce financial stress, make confident decisions, and connect your wealth to your well-being. This show helps you invest smarter, spend without guilt, and build wealth that reflects your values, not just your numbers. Join the Financial Harmony™ Membership for deeper education, workshops, and community. Live your wealth, your way.™
The Financial Harmony™ Podcast
The Big Beautiful Bill Could Save Business Owners 6 Figures in Taxes
In this episode, Dr. Preston Cherry explains how to take advantage of the new rules that could save you 20% on qualified income every year and unlock up to $10 million in tax-free gains when you sell or exit your business. From avoiding costly timing mistakes to structuring smart early, Dr. Cherry breaks down what it really means to build a tax-smart runway.
Takeaways:
• 20% income deduction
• $10M+ capital gains = 0% tax
• QBI = annual savings
• QSBS = tax-free exit
• Timing = everything
00:00 Intro
01:00 Tax Strategies Simplified
04:51 Optimizing QBI and QSBS Strategies
06:23 Empower Your Growth Journey
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Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/