Logan Colwell, Financial Advisor

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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.

10/19/2026

My $49 flight ended up costing me $131.

A while back, I booked a flight with an ultra-budget airline and felt like I had hacked the system.

Then I reached the next page.
- Carry-on bag: $50
- Seat selection: $18
- Boarding pass at the airport: $10
-Bottle of water: $4

By the time I landed, the $49 flight had cost me $131.

Meanwhile, the “expensive” airline I had proudly avoided was charging $114; with the bag, seat and water included.

The lesson wasn’t that budget airlines are always a bad choice.

It was this:
You’re always paying. The real question is whether the price is printed somewhere you can see it.

I think about that when someone tells me financial advice is too expensive because their current approach is “free.”

But is it?

Depending on how your finances are structured, costs may show up as:
→ Commissions or internal expenses within financial products
→ Ongoing tax drag from inefficient account placement
→ Missed planning opportunities
→ Investment decisions driven by emotion rather than strategy
→ DIY mistakes that never arrive with an itemized invoice

None of those necessarily feels like paying, and that’s what makes them easy to overlook.

My advisory fee isn’t hidden. Before you commit to anything, I’ll explain exactly what I charge, what it covers and what you receive in return.

During our first conversation, we can also look at the costs you may already be paying, whether you realize it or not.

The results sometimes surprise people.

Want a clearer picture of what your current financial approach is really costing you?
Book a call with me at the link in bio.

“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost…?” — Luke 14:28Contractors un...
10/18/2026

“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost…?” — Luke 14:28

Contractors understand this principle better than most.

You don’t begin a project without reviewing the plans, estimating the materials, calculating labor and anticipating what could go wrong.

Yet many people approach major financial decisions without doing the same work.

They purchase equipment without considering its effect on cash flow.
They expand the business without strengthening reserves.
They set retirement goals without calculating what those goals will require.

Faith doesn’t eliminate the need for preparation.

Jesus used the example of a builder to illustrate the importance of understanding the commitment before beginning the work.

The same wisdom applies to our finances: define the goal, count the cost and create a plan before moving forward.

Before you build the future you envision, make sure your financial foundation can support it.

10/16/2026

Revenue can be unpredictable. Your financial strategy shouldn’t be.

For many construction business owners, cash doesn’t arrive in a smooth, consistent stream.

One month may bring several large payments. The next may be consumed by payroll, materials, equipment, taxes, and delayed receivables.

The goal isn’t to eliminate every fluctuation. It’s to create a clear system for directing money when it comes in.

That means knowing how much should go toward:
→ Upcoming tax obligations
→ Operating and emergency reserves
→ Your personal income
→ Retirement and long-term investments
→ Future business opportunities

Without that structure, even a profitable company can leave its owner wondering where the money went.

A thoughtful financial plan helps connect today’s cash flow to the business, family, and future you’re working to build.

Ready to create a clearer direction for your money? Book a call at the link in bio.

Your crew may be doing R&D—without calling it R&D.The R&D tax credit sounds like something reserved for laboratories, en...
10/14/2026

Your crew may be doing R&D—without calling it R&D.

The R&D tax credit sounds like something reserved for laboratories, engineers and software companies.

But contractors solve technical problems every day.

Maybe your team tested different materials, redesigned a prefabrication process, created a better estimating method or customized software to solve a field-level problem.

Some of that work may qualify for the R&D credit, but simply improving a process isn’t enough.

The work generally needs to involve:
→ A genuine technical uncertainty
→ Engineering, science or technology
→ More than one possible approach
→ A documented process of testing and evaluation

The credit can be valuable, but qualification is complex, and the strength of a potential claim often depends on the records created while the work is happening.

In this week’s article, I explain:
→ The four-part test used to evaluate qualifying work
→ Common contractor activities that may qualify
→ Four questions to help screen a project
→ The costs, time and documentation to begin tracking
→ When to involve your CPA or an R&D credit specialist

Before assuming this credit belongs to someone else’s industry, take a closer look at the problem-solving already happening inside your business.

Read the full article at the link in bio.

10/13/2026

A financial plan isn’t a path you choose once and follow forever.

Your life doesn’t stand still, and neither should your financial strategy.

Your income changes. Your business grows. Your family’s needs evolve. New opportunities appear, and new risks come with them.

For construction business owners, those changes may include:
→ Hiring more employees or expanding into new markets
→ Purchasing equipment or taking on larger projects
→ Restructuring the business
→ Adjusting retirement contributions
→ Building more personal wealth outside the company
→ Preparing for succession or an eventual exit

A strategy that worked five years ago may no longer reflect your current income, tax exposure, responsibilities or long-term goals.

That doesn’t mean changing direction every time the market moves.

It means reviewing the plan regularly, making thoughtful course corrections and confirming that each part of your financial life is still working toward the same destination.

When was the last time you checked whether your financial plan still fits where you’re going?

If it has been a while, or you’ve never had a coordinated plan, book a call at the link in bio.

10/12/2026

The $4,000 I “saved” ended up costing me nearly twice as much.

A few years ago, I needed work done on my kitchen. I collected three bids and chose the lowest. It was about $4,000 below the others.

For the first year, everything appeared fine.

Then water started covering the kitchen floor.

The problem turned out to be improper plumbing, a slow leak, soaked drywall, and damage that required part of the kitchen to be torn out and rebuilt.

By the time it was finished, I had paid for the project nearly twice, plus the additional repairs.

The cheapest bid became the most expensive option.

I think about that experience when someone asks a completely fair question:
“Why should I pay a financial advisor’s fee?”

You should ask. You deserve a clear answer.

An advisory fee is visible. It appears in black and white.

The potential cost of going without coordinated advice is harder to see.

No one sends you an invoice for:
→ A tax-planning opportunity you missed
→ An emotional investment decision made at the wrong time
→ An inefficient retirement-income strategy
→ An insurance or estate-planning gap that went unnoticed
→ Years spent following a collection of disconnected financial decisions

Those costs may be invisible, but they can still affect what you’re able to build, protect, and pass on.

That’s why I believe fees and value should be discussed openly.

In our first meeting, I’ll explain what I charge, what you receive, and how the process works.

If the value isn’t clear, you shouldn’t move forward.

Want a straightforward conversation about where you stand and whether working together makes sense?

Book a 30-minute call with me at the link in bio.

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.

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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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