Cover Your Assets KC Podcast
Bite-sized financial and retirement planning guidance from David Dickens in Kansas City. Dave Dickens is the President of KC Financial Advisors and is a Chartered Financial Analyst (CFA). He has more than 35 years of experience in the investment business.
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Episodes
Thursday May 05, 2022
Thursday May 05, 2022
What should you do when you have retirement savings but a lot of consumer debt? David shares his thoughts on debt and how to tackle in before answering three other listener questions.
What we discuss on this episode:
0:50 - David is looking forward to some upcoming travel and celebrations!
2:33 - Mailbag: Should I use my 401(k) to pay off my consumer debt?
6:42 - Mailbag: How do I show a potential advisor they should include me in the discussion?
10:23 - Mailbag: Was it a mistake to start taking Social Security at 62?
14:33 - Mailbag: Is diversifying with multiple IRAs a good idea?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Apr 28, 2022
Thursday Apr 28, 2022
If you find yourself retiring sooner than you planned, what do you do? We talk through three steps you need to take if you find yourself retired earlier than expected.
What we discuss on this episode:
0:31 - What inspired today’s episode?
2:41 - What would you do if you became an accidental retiree?
4:00 - What do you spend now?
6:07 - Where will your income come from?
10:28 - Will your money last?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Apr 21, 2022
Thursday Apr 21, 2022
Instead of pretending to understand these terms, let’s break it down and learn together what this financial jargon means and how it impacts you.
What we discuss on this episode:
0:33 - There’s always something to look forward to!
2:20 - What financial jargon should we know more about?
3:44 - What causes inflation?
8:08 - What does a recession look like?
13:36 - How does dollar-cost averaging work?
17:01 - What are bonds vs. stocks?
21:27 - What are the rules with capital gains and losses?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Apr 14, 2022
Thursday Apr 14, 2022
What’s a QCD and how might it benefit you? David talks through the ins and outs of qualified charitable distributions on today’s show.
What we discuss on this episode:
1:18 - What is a QCD?
4:54 - How much can you give with a QCD?
5:34 - Can it be done from a 401(k)?
6:24 - Where can it go?
8:38 - How does it work at tax time?
10:05 - When should you do it?
11:32 - Is it only for people who have RMDs?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Apr 07, 2022
Thursday Apr 07, 2022
After you blow out the candles, what do you need to know as you cross the threshold of certain birthdays in your life? David shares important ages when financial planning.
What we discuss on this episode:
0:30 - How do we feel about that final NCAA tournament game?
3:01 - What should you be aware of around 30 years old?
4:18 - What can you do at age 50?
7:17 - What happens at age 55?
9:14 - By 62, what options do you have?
12:11 - At 65 you’re eligible for Medicare.
13:02 - What’s important about 66 and 67?
14:31 - You can delay Social Security benefits until 70.
15:04 - RMDs start at 72.
18:16 - What age is most important?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Mar 31, 2022
Thursday Mar 31, 2022
We all have important papers, but how do you know what you really need vs. what you can toss? David shares what to shred and what to hold onto when it comes to your financial records.
What we discuss on this episode:
1:45 - What should you do with investment statements?
4:37 - Should you keep bank statements?
7:08 - How long do you need your tax records?
8:39 - Do you need current year’s tax return documents?
10:50 - Birth certificates and Social Security cards are tough to replace.
13:22 - Wills and estate planning documents should be kept.
14:30 - Home improvement documents should be kept as long as you own the house.
16:59 - Receipts for valuable items you have should be kept.
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Mar 24, 2022
Thursday Mar 24, 2022
What financial documents do you most need, based on where you are in life? David points us toward the right ones you want to focus on in your life stage.
What we discuss on this episode:
0:28 - March Madness is here!
2:06 - Which financial documents do you need in which life stage?
3:46 - Do you have the right beneficiary designations listed?
8:49 - If you own a home, who is it set to go to?
9:51 - Do you have financial goals?
12:45 - Do you have a will in place?
16:30 - Who will speak for you if you can’t?
18:06 - Do you have a living will?
20:27 - What do you need ready in your 50s and into retirement?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Mar 17, 2022
Thursday Mar 17, 2022
What do all those letters and terms following an advisor’s name mean? We explain what you need to know and what’s important when it comes to designations in the financial industry.
What we discuss on this episode:
0:35 - What do all those financial advisor designations mean?
2:13 - What does IAR or RIA mean?
5:26 - What does the letter “C” stand for in these designations and why should I care?
12:28 - What does a “series” mean when promoted by an advisor?
16:12 - Does a financial advisor need a certain college degree?
18:30 - What designations should an advisor have to prepare someone for retirement?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Mar 10, 2022
Thursday Mar 10, 2022
Today, we are answering some more mailbag questions from our listeners. How much can you spend without running out of money? How does a 401(k)-rollover work? We’ll answer these and more on today’s show.
What we discuss on this episode:
0:38 – How is David doing?
2:00 – “How much can I spend yearly without running out of money?”
5:55 – “I have all my money in an IRA; should I move it somewhere else?”
9:36 – “How do I reduce the risk in my portfolio?”
13:27 – “How does a 401(k)-rollover work?”
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Mar 03, 2022
Thursday Mar 03, 2022
How closely should you pay attention to what is happening with the Fed right now? David answers this and two other questions from the mailbag on today’s podcast
What we discuss on this episode:
0:54 - Should I care about what the Fed is about to do?
7:29 - Will my Social Security checks get smaller if I don’t withdraw soon?
13:18 - Will this downturn be similar to 2001 or 2008?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts