Logan Colwell, Financial Advisor

Logan Colwell, Financial Advisor Eckman Wealth Management
We help construction company owners turn tax dollars into owner wealth. Book a 30‑min Contractor Checkup → calendly.com/ewmlogan

Cash Balance & 401(k) design, Profit Allocation Policies, proactive tax strategy.

Biblical Wisdom: Debt Always Changes the Relationship“The rich rule over the poor, and the borrower is slave to the lend...
10/11/2026

Biblical Wisdom: Debt Always Changes the Relationship

“The rich rule over the poor, and the borrower is slave to the lender.” Proverbs 22:7

Debt can help a construction company purchase equipment, fund a project, or manage timing gaps in cash flow.

But debt also creates an obligation that remains whether business is booming or the next payment is delayed.

Every loan commits part of tomorrow’s cash flow before tomorrow arrives.

That does not mean all borrowing is automatically unwise. It means debt should be entered into with clarity, not simply because financing is available or the monthly payment looks manageable.

Before borrowing, consider:
• Will this debt create productive value?
• Can the payment be supported during a slower season?
• What assets or guarantees are at risk?
• How will it affect future flexibility?
• Is there a clear repayment plan?

Biblical stewardship asks us to understand the obligations we accept and the freedom we may exchange for them.

Debt can be a tool.

Just make sure the tool is serving the plan, not controlling it.

10/09/2026

What are you building your wealth for?

It is easy to measure financial progress by account balances, investment returns, business revenue, or net worth.

Those numbers matter—but they are not the purpose of the plan.

A thoughtful financial strategy should help you create:
• Greater security for your family
• More flexibility when life changes
• The freedom to make decisions from a position of strength
• Protection for what you have worked hard to build
• More time for the people, experiences, and priorities that matter most

For business owners, this is especially important. When so much of your time, energy, and wealth is tied to the company, your personal financial plan needs to support a life beyond the business.

Wealth is not only about accumulating more.

It is about using your resources intentionally to build a life that reflects your values, protects the people you love, and gives you more choices along the way.

Ready to build a financial plan around what matters most to you?

Book a call at the link in my bio.

The “cheapest” retirement plan could be the most expensive choice for your construction business.A SEP IRA may be simple...
10/07/2026

The “cheapest” retirement plan could be the most expensive choice for your construction business.

A SEP IRA may be simple and inexpensive to operate, but if you have employees, the required staff contributions could cost far more than you expected.

A 401(k) offers greater flexibility, but the design matters.

And a cash balance plan may allow a profitable business owner to contribute significantly more, but only if the company has stable cash flow and can support an ongoing funding commitment.

The right choice is not simply the plan with the lowest setup fee or the highest contribution limit.

It depends on:
→ How many W-2 employees you have
→ What your employees earn
→ How much you want to contribute for yourself
→ How predictable your profits are
→ What the plan requires you to contribute for your crew
→ Whether the additional tax benefits justify the administrative cost

In my latest blog post, I share a practical 10-minute feasibility test to help contractors determine whether a SEP, 401(k), profit-sharing feature, or cash balance plan is worth modeling.

Because the number that matters is not just how much the plan allows you to contribute.

It is how much value you receive after accounting for staff contributions, fees, and funding obligations.

Read the full article at the link in my bio.

For general informational purposes only. Retirement plan rules and suitability depend on your specific circumstances. Consult your tax and financial professionals before establishing or changing a plan.

10/05/2026

In college, I let a friend install a new suspension on my 4Runner because I wanted to avoid a $1,000 mechanic bill.

Halfway through, I knew it was going badly.

But I said nothing—because he was my friend.

I think about that whenever someone tells me their finances are handled by a relative, golf buddy, or family friend who is “in the business.”

That person may be excellent. The concern isn’t automatically their ability.

It’s whether the personal relationship makes it harder to ask uncomfortable questions, evaluate the advice objectively, or make a change if your plan is no longer serving your goals.

Good financial advice requires accountability—and the freedom to challenge your advisor without worrying about the next family gathering.

I’m not suggesting you fire anyone. I’m suggesting something much smaller: get an independent second opinion.

If everything checks out, you gain confidence. If there’s a gap, you’ll be glad you asked.

Book a call at the link in bio.

“By wisdom a house is built, and through understanding it is established; through knowledge its rooms are filled with ra...
10/04/2026

“By wisdom a house is built, and through understanding it is established; through knowledge its rooms are filled with rare and beautiful treasures.” Proverbs 24:3–4

Contractors understand that a strong building requires more than quality materials.
It needs a sound design, the right sequence, careful coordination, and a foundation capable of carrying the weight.

The same is true of your financial life.

A profitable business is important, but revenue alone is not a financial plan.

Lasting financial strength comes from coordinating:
• Business and personal cash flow
• Tax planning
• Emergency reserves
• Insurance protection
• Retirement investments
• Estate and succession planning

Each part should support the others.

Wisdom asks us to look beyond what we are earning today and consider what we are building for tomorrow.

A strong financial plan is not assembled from isolated decisions.

It is intentionally designed around your responsibilities, values, and long-term goals.

You would not build without a plan. Your financial future deserves the same care.

10/02/2026

You do not need to know exactly what the future holds to prepare for it wisely.

Life changes. Markets move. Businesses evolve.

Families grow, priorities shift, and goals that once felt distant begin to come into view.

A strong financial plan does not promise a perfectly predictable path.

It helps you:
• Understand where you stand today
• Clarify what you are working toward
• Protect the people and priorities that matter
• Invest with purpose rather than emotion
• Adjust when circumstances change
• Keep moving forward with greater confidence

The goal is not to predict every turn.

It is to make thoughtful decisions today while building enough flexibility for whatever may be ahead.

Sometimes the most important financial question is not, “Can I see the entire path?”
It is, “What is the next right step?”

If your financial plan no longer reflects your current life, business, or goals, it may be time to review the path forward together.

Hiring your child or spouse can be a smart tax and wealth-building strategy—or a payroll problem waiting to happen.Done ...
09/30/2026

Hiring your child or spouse can be a smart tax and wealth-building strategy—or a payroll problem waiting to happen.

Done correctly, family payroll may allow you to:
→ Deduct legitimate wages paid for real work
→ Shift income to a lower tax bracket
→ Help a child begin funding a Roth IRA
→ Start building generational wealth earlier

But the strategy only holds up when the job is real, the pay is reasonable, payroll is handled correctly, and every hour and payment is documented.

Your business entity also matters. The payroll-tax rules for a sole proprietorship can look very different from those for an S-Corp or C-Corp.

In this week’s blog article, I explain who qualifies, what work counts, which records to keep, and how to set up family payroll correctly.

Read the full article on my website at the link in bio.

09/28/2026

For nine years, I stayed with the same car insurance company without comparing rates.

Then I spent 20 minutes getting three quotes—and found identical coverage for $600 less per year.

When I called to cancel, my old company suddenly “found” a discount.

That experience made me think about financial-advisor relationships.

I’m not suggesting your advisor is doing a bad job. They may be excellent.
But when was the last time you actually evaluated the relationship?

Many people inherited an advisor, were reassigned when someone retired, or chose someone years ago when their financial life looked completely different.

Staying isn’t a decision if you never compare.

A second conversation may confirm that you’re exactly where you should be. Or it may reveal questions and opportunities worth exploring.

Either way, you gain clarity.

Book a call at the link in bio.

“Give a portion to seven, or even to eight, for you know not what disaster may happen on earth.” Ecclesiastes 11:2We ca...
09/27/2026

“Give a portion to seven, or even to eight, for you know not what disaster may happen on earth.” Ecclesiastes 11:2

We cannot predict every setback, but we can prepare wisely.

For a construction business owner, too much dependence on one customer, one project, one key employee, or the future sale of the company can create more risk than it appears.

The same principle applies to your personal finances. If nearly all your income, savings, and future plans depend on the business, one unexpected event can affect everything at once.

Diversification is not driven by fear. It is a practical form of preparation.

Build a strong company but also build resources outside of it.

Serve your best customers but avoid relying entirely on one.

Plan for growth but maintain reserves for difficult seasons.

Wisdom recognizes uncertainty and prepares accordingly.

Where might one part of your financial life be carrying too much weight?

09/25/2026

Financial progress does not always look dramatic.

More often, it is built quietly through good decisions repeated over time.

Consistent investing.
Maintaining appropriate reserves.
Protecting against risks that could disrupt the plan.
Reviewing your strategy as your life or business changes.
Staying disciplined when markets become noisy.

It can be tempting to believe that building wealth requires finding the perfect investment, predicting the next market move, or making one life-changing decision.

But lasting financial progress is usually less about urgency and more about direction, discipline, and time.

A strong financial plan gives you a path you can continue following through changing markets and different seasons of life.

You do not need to control every current.

You need a plan designed to help you keep moving toward what matters.

If it has been a while since you reviewed whether your investments and financial strategy still reflect your goals, let’s have a conversation.

Schedule a quick call at the Link in Bio.

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Phoenix, AZ

Opening Hours

Monday 7am - 5pm
Tuesday 7am - 5pm
Wednesday 7am - 5pm
Thursday 7am - 5pm
Friday 7am - 5pm

Telephone

+16027265976

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