Unlocking the 1042 Exchange - A Founder’s Guide to Smart Wealth Transition - Chas Woodhull

Serve Strong Finish Strong

In today's episode, we dive into a financial strategy that could redefine your approach to wealth management in your 4th quarter of life: the 1042 exchange. Joining us to demystify this lesser-known, yet highly effective, tax minimization strategy is Chas Woodhull, a financial advisor who specializes in helping business owners and financial professionals save tens of millions of dollars in taxes.

With a lifetime spent in a business-centric family and a deep understanding of the challenges business owners face, Chas brings a wealth of knowledge that founders in their 50s and beyond simply cannot afford to overlook. As you navigate your 4th quarter, understanding the 1042 exchange could be your game changer for preserving wealth, facilitating seamless business transitions, and securing a financial legacy for generations to come. Don't miss this invaluable episode as we explore how to fully leverage the 1042 exchange in your favor.

NOTE: Nothing contained in this episode is to be considered tax advice. It is for informational purposes only. Please seek a professional for any tax or financial questions.

Chas Woodhull is a private wealth advisor at Gallagher Pool Wealth Management. He is an accredited investment fiduciary and certified exit planning advisor. Investing in his first company at the age of 8 – Chas has a lifelong love of investing. He started working in wealth management in 2018 as an intern for Gallagher Pool. In 2020, Chas started his full-time career as a financial advisor at Northwestern Mutual. Specializing in working with business owners, his focus is to help clients pursue their goals by building a strategic plan with their finances in order to grow, preserve, and transfer wealth.

Chas graduated Magna Cum Laude from the University of Dayton with a liberal arts degree focused on Finance and Philosophy. He also attended the University of Southern California where he studied economics until transferring to the University of Dayton.

When he isn’t working, Chas loves cooking, exercising, and spending time with his family. He also enjoys hiking, learning, and spending time with his German Shepherd, Duke. Chas is involved in Dayton Rotary, frequently attends charity events, and loves being an active community member in Dayton.

You'll find him here:

https://www.linkedin.com/in/charles-woodhull/

https://www.gallagher-pool.com/team/chas-woodhull

To learn more, visit:

www.servingstrong.com

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www.missionmatters.com/author/scott-couchenour