Part 2 - Financial Planning For Creatives with Dr. Elaine Grogan Luttrull

Part 2 - Financial Planning For Creatives with Dr. Elaine Grogan Luttrull

Author: Hassiem December 23, 2025 Duration: 45:56
 In Part 2 of this powerful conversation, Hassiem Muhammad continues his in-depth discussion with Dr. Elaine Grogan Luttrull, founder of Minerva Financial Arts, as they break down the real financial decisions artists and freelancers face every day. Using a Red Light / Green Light framework, Elaine tackles common money myths and gray areas — from disability insurance and high-yield savings to investing, retirement accounts, and tax planning. This episode goes deep into IRAs, SEP IRAs, Solo 401(k)s, brokerage accounts, and how taxes truly work for self-employed creatives. They also unpack new tax laws impacting tipped income, the importance of reporting income accurately, and how artists can legally reduce tax stress while planning for long-term stability.  Link to "tipped occupations" from the Treasury Department: https://home.treasury.gov/system/files/136/Tipped-Occupations-Detailed-8-27-2025.pdf IRS guidance on retirement plans for self-employed folks:   https://www.irs.gov/retirement-plans/retirement-plans-for-small-entities-and-self-employed 🎧 Be sure to check out Part 1 of this conversation for foundational financial guidance before diving into this episode. 🔗 Connect with Minerva Financial Arts: Visit MinervaFinancialArts.com to book a session or explore Elaine’s courses for creatives. Produced in partnership with Next Chapter Podcasts Follow The Actor's Instrument on Instagram: @actorsinstrumentpodcast Follow Hassiem on Instagram: @HassiemMuhammad Subscribe wherever you get your podcasts or visit https://www.nextchapterpodcasts.com/the-actors-instrument Inquiries: actorsinstrumentpodcast@gmail.com

The Actor's Instrument: Tools for the Long Game with Hassiem Muhammad is a conversation for anyone who has ever stepped onto a stage or in front of a camera and wondered what comes next. Hosted by actor Hassiem Muhammad, this podcast operates on the belief that a lasting career is built not on a single role, but on a deep understanding of the craft and the business that surrounds it. Each episode features honest discussions with the people who shape the industry-working casting directors, veteran actors from Hollywood and Broadway, and other behind-the-scenes professionals. The focus here is on practical wisdom and the nuanced realities of building a life in the arts, moving beyond simple inspiration to actionable strategies. You'll hear about navigating auditions, the importance of personal resilience, and how to cultivate the professional relationships that sustain a career over decades. This isn't about quick fixes; it's about developing the tools for the long haul. Tune in for a candid look at the work that happens between the roles, designed to help actors at any stage demystify their path forward and build something enduring.
Author: Language: en-us Episodes: 50

The Actor's Instrument: Tools for the Long Game with Hassiem Muhammad
Podcast Episodes
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Financial Planning For Creatives with Dr. Elaine Grogan Luttrull [not-audio_url] [/not-audio_url]

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Today on The Actors Instrument, Hassiem Muhammad sits down with Dr. Elaine Grogan Luttrull — CPA, accredited financial counselor, founder of Minerva Financial Arts, and nationally recognized educator helping creatives ta…
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