Cover Your Assets KC Podcast
Bite-sized financial and retirement planning guidance from David Dickens in Kansas City. Dave Dickens is the President of CreativeOne Advisors Group and is a Chartered Financial Analyst (CFA®). He has more than 35 years of experience in the investment business. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group. Investment advisory services are offered through CreativeOne Wealth, LLC, a Registered Investment Adviser. CreativeOne Advisors Group is a DBA of CreativeOne Wealth. Insurance services are offered through Licensed Insurance Professionals.
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Episodes
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
Thursday Feb 24, 2022
Thursday Feb 24, 2022
Just what matters most when it comes to planning and saving toward your retirement? We compare notes between a number of experts and David weighs in on how and where to focus your efforts.
What we discuss on this episode:
0:23 - It’s still snowing!
1:59 - What is the most important part about retirement planning?
3:16 - Decide what you want to do with your time.
5:55 - Start now.
8:28 - How much you’ll spend in retirement is hard to predict.
11:00 - Are proper allocations arguably the most important step?
12:55 - Is your retirement fulfilling?
15:14 - Picking the right planner makes all the difference.
16:59 - What does David say is most important?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Feb 17, 2022
Thursday Feb 17, 2022
Are you ready to do a rollover or dreading the need to do a required distribution? David explains some recent updates that may make this a bit easier for you.
What we discuss on this episode:
0:30 - Today we’ll talk about something for everyone.
1:09 - What recent changes have been made?
2:30 - Why does the life expectancy table change matter?
7:34 - How can you do an IRA rollover without issue?
10:45 - David shares a client example of a rollover.
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Feb 10, 2022
Thursday Feb 10, 2022
There’s a lot we can’t know, so how do you plan for it? From taxes to market crashes, David talks through what you can do to make sure you aren’t caught off-guard when the unexpected happens.
What we discuss on this episode:
0:32 - Today’s podcast is from the road!
3:36 - If you knew the answers to the unpredictable it would be easier.
4:07 - When is the next market crash going to happen?
5:47 - What happens with a downturn and with a recession?
9:33 - What will healthcare costs look like in 20 years?
12:12 - What will taxes by like?
16:08 - How long are you going to live?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Feb 03, 2022
Thursday Feb 03, 2022
Feeling a bit whiplashed from the stock market volatility? David discusses what just happened with the stock market and what we can do as we look toward the future.
What we discuss on this episode:
0:27 - This week’s Chiefs game was a shock.
1:30 - We’ve been seeing volatility in the stock market.
3:53 - What happened?
8:32 - Are the markets in a correction?
11:52 - Do corrections matter?
15:29 - Where do we go from here?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Jan 27, 2022
Thursday Jan 27, 2022
Losing 100 pounds is a huge accomplishment, but it didn’t happen overnight! We talk about what it takes to achieve big goals, both with weight loss and with our financial plan.
What we discuss on this episode:
0:55 - Co-host Walter lost 100 pounds in 2021!
3:13 - What was the plan?
6:54 - What was the inspiration point for David to get into financial planning?
10:20 - Having a plan makes you more likely to reach your goal.
15:20 - Success breeds more success.
17:41 - Recognize that you will have setbacks.
21:10 - Retirement may be a ways away and hard to visualize the end goal.
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Jan 20, 2022
Thursday Jan 20, 2022
If your finances seem to be in order, how important is it to have a monthly budget? Is life insurance necessary if you have no kids? What assets should you list on your net worth statements? David answers these questions today!
What we discuss on this episode:
1:28 - Do I need life insurance if I’m young and don’t have kids?
7:24 - Do I have to have a budget?
13:10 - What assets can I list on my net worth statement?
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts
Thursday Jan 13, 2022
Thursday Jan 13, 2022
What else can you do to get into good financial shape in the new year? We talk through three more financial resolutions you can make right now.
What we discuss on this episode:
0:59 - Increase your retirement savings.
4:52 - Save as much as you can, as early as you can.
9:25 - Protect your family from catastrophic risks.
Get additional financial resources here: https://www.coveryourassetskc.com/podcasts