Episodes
7 days ago
Trump's Victory & YOUR Portfolio
7 days ago
7 days ago
The election is finally behind us and it’s hard to believe that we didn’t have a long, drawn-out process to determine the winner. Now that Trump is returning to the White House, it’s time to start looking at what policies his administration is considering and what those decisions could mean for your portfolio.
Here’s some of what we discuss in this episode:
Could the proposed tariffs be inflationary for the US economy?
What does David think will happen with the tax cuts set to expire at the end of 2025?
Is less regulation a good thing?
How quickly will changes start to take effect?
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Oct 31, 2024
Mailbag: How Does a Trust Work?
Thursday Oct 31, 2024
Thursday Oct 31, 2024
Building a nest egg or inheriting one can involve a lot of moving parts. You want to be strategic and make wise decisions to prepare you for the future and protect your assets against the possibility of a market crash. In today’s podcast, David answers three questions from the mailbag, all facing different financial situations.
Here’s some of what we discuss in this episode:
Mailbag: When to stop contributing to a 401(k) and pay off debt instead.
Mailbag: How worried should I be about a market crash?
Mailbag: How does a trust work?
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Wednesday Oct 16, 2024
Review These 5 "To-Dos" Before Year-End
Wednesday Oct 16, 2024
Wednesday Oct 16, 2024
As we approach the end of the year, it's crucial to ensure your financial health is in top shape. In today’s podcast, David provides an essential checklist to help you optimize your financial strategy. Whether you're a retiree or still in the workforce, these practical tips will guide you towards a prosperous 2025.
Here’s some of what we discuss in this episode:
Fully funding your retirement accounts.
Remember to make a Roth IRA contribution with money earned, even as retirees.
Rebalance before year end.
Consider a taxable brokerage account for things you can sell at a tax loss.
If you have an FSA, use it or lose it!
Resources for this episode:
https://www.coveryourassetskc.com/episode-177-making-investment-losses-work-for-you
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Oct 03, 2024
Fed Rate Cuts are Good for Stocks…Right?
Thursday Oct 03, 2024
Thursday Oct 03, 2024
Following the news of the rate cuts last week with the Fed, you may be wondering what that means. Is that a good thing? How could it impact your daily life? David breaks down what it means now and what has happened after rate cuts in the past. Based on that, he shares some financial possibilities for the near future and what the market outlook is.
For investors, this short and sweet podcast packs a lot of valuable info in. Before you make any bold moves, David suggests a cautious approach as we wait and see what these rate cuts do to our economy.
Here’s some of what we discuss in this episode:
The Federal Reserve announced that they were cutting the Overnight Fed Funds Rate by half a percent.
Is the Fed rate cut a good thing or a bad thing?
What does the history or Fed rate cuts tell us?
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
What’s the key takeaway in all this for investors?
Thursday Sep 19, 2024
Mailbag: How To Handle An Unexpected Layoff
Thursday Sep 19, 2024
Thursday Sep 19, 2024
Whether you're facing a layoff, planning a financial gift for a new grandchild, or dealing with an inheritance, today’s podcast offers valuable insights and actionable advice. Beyond helping you save for retirement, as a financial advisor, David answers countless financial questions that come up over the course of his clients’ lives. Find out what he has to say when answering three questions from the mailbag!
Here’s some of what we discuss in this episode:
Mailbag: How to handle unexpected layoff?
Mailbag: How to financially set up new grandchild?
Mailbag: What taxes to plan for with inheritance?
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Sep 05, 2024
Retirees In Their 70s Regret These 5 Things
Thursday Sep 05, 2024
Thursday Sep 05, 2024
As we grow older (and wiser), it's natural to reflect on the decisions we've made and consider what we could have done differently in the past. In today’s episode, we delve into the top five retirement regrets of people in their seventies, inspired by a recent YouTube video created by someone else in their 70s. David shares his insight and advice for anyone in their fifties or sixties looking to avoid these common financial pitfalls.
Here’s some of what we discuss in this episode:
People wish they had retired earlier.
Some wish they had spent more when they first retired.
Retirees wish they took better care of their health.
People wish they had taken up a hobby.
Many wish they had traveled more.
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Aug 22, 2024
Are Target-Date Maturity Funds Right for Your Retirement Plan?
Thursday Aug 22, 2024
Thursday Aug 22, 2024
When it comes to planning for retirement, many people turn to target-date maturity funds for their set-it-and-forget-it appeal. In fact, if you have a 401k or an IRA rollover, chances are you have a target-date maturity fund. These are designed to automatically adjust your investment mix as you approach retirement, gradually shifting from a higher allocation of stocks to a more conservative mix of bonds and cash. This sounds ideal, but is it?
In this episode, David and Walter discuss an interesting article by The Washington Post that questions whether these funds truly deliver on their promises.
Here’s some of what we discuss in this episode:
The popularity of target-date funds and how they work
The performance of target-date funds over recent years
What the 2025 portfolio looks like today
The differences between Vanguard, Schwab, and Fidelity funds
Understanding the drawbacks of these funds
The Washington Post Article:
https://www.washingtonpost.com/business/2024/07/23/target-date-funds-retirement-savers-explainer/
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Aug 08, 2024
Mailbag: Roth IRAs and 401(k)s
Thursday Aug 08, 2024
Thursday Aug 08, 2024
When it comes to your investments, there are a lot of avenues you can take. How can you know you’re taking the best one for you? David answers three questions from listeners who are asking about accounting for taxes in retirement, putting money in a 401(k) or elsewhere, and managing an inherited IRA.
Here’s some of what we discuss in this episode:
Roth IRAs and preparing for rising taxes.
How much to contribute to a 401(k) and when to pivot.
Managing inherited IRAs.
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Jul 25, 2024
Avoiding Procrastination in Your Financial Life
Thursday Jul 25, 2024
Thursday Jul 25, 2024
Procrastination is a common temptation, but when it comes to your finances, it can have serious consequences. Whether you're in your twenties, thirties, or already nearing retirement, it's never too early or too late to start planning. By addressing these key areas and avoiding procrastination, you can secure a more stable and enjoyable financial future.
Here’s some of what we discuss in this episode:
The dangers of financial procrastination.
Deferring taxes could be costly in the future.
Eliminating debt is like eliminating rust on your car.
Setting up legal and estate documents protects your family.
Delaying Social Security is a personal decision.
Having a plan allows you to enjoy and understand your financial life.
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.
Thursday Jul 11, 2024
Roth IRAs as an Inheritance Strategy
Thursday Jul 11, 2024
Thursday Jul 11, 2024
When your heirs inherit a Roth IRA, they are not required to take distributions, which allows the account to continue growing tax-free for up to ten years. This flexibility can be a significant financial boon, especially if your heirs are in their prime earning years and want to defer withdrawals until they are in a lower tax bracket. The question is, should you do a Roth conversion now?
Here’s some of what we discuss in this episode:
Is inheriting a Roth IRA a real positive?
What are the primary investment asset types to inherit?
Should older parents do Roth conversions to benefit their children’s inheritance?
For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.