Cover Your Assets KC Podcast
Bite-sized financial and retirement planning guidance from David Dickens in Kansas City of CreativeOne Advisors Group. David 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 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
Thursday Jan 06, 2022
Thursday Jan 06, 2022
How can you get your finances in better shape this year? David starts with three financial resolutions to make on this two-part series.
Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-155-2022-financial-resolutions-part-1
What we discuss on this episode:
0:27 - What resolutions have David and Walter made?
4:55 - Find out your net worth.
13:08 - Pay off your credit card debt.
17:46 - Are other types of debt just as bad?
21:05 - Establish an emergency fund.
Thursday Dec 30, 2021
Thursday Dec 30, 2021
What are some of the top questions David received this year? We revisit five questions from the mailbag before ringing in the new year.
Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-154-best-of-2021-listener-questions
What we discuss on this episode:
1:15 - Is it a good idea to put my son as a joint owner on our home?
5:20 - Should I sell my stock or pay more attention to the tax bill?
8:45 - What can you do about RMDs?
13:37 - Should I consider an early retirement package?
17:54 - Should I use a robo-advisor for my HSA investment?
Thursday Dec 16, 2021
Thursday Dec 16, 2021
How can you simplify your retirement and why does it matter? David shares why you may want to consolidate your retirement savings and the three ways it benefits you.
Read more and get additional financial resources here: http://www.coveryourassetskc.com/episode-153-one-easy-way-to-simplify-your-retirement
What we discuss on this episode:
2:37 - Way less information to keep track of.
4:32 - You’ll have access to more options.
5:35 - RMDs can be a nightmare if they are still with former employers.
7:50 - David shares a client story of someone who needed to consolidate.
Thursday Dec 09, 2021
Thursday Dec 09, 2021
How much do you really know about Roth conversions? David walks us through common misconceptions and shares why Roth conversions may be worth considering before the end of the year.
Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-152-7-roth-conversion-misconceptions
What we discuss on this episode:
0:33 - Christmas is coming!
2:11 - How soon do you need to do a Roth conversion?
3:54 - Who can do a Roth conversion?
4:54 - What are the conversion limits?
6:00 - Can you convert a beneficiary IRA into a Roth?
7:58 - There is no penalty for doing a Roth conversion.
10:31 - When will you pay the taxes?
12:33 - Can you do a partial conversion?
Thursday Dec 02, 2021
Thursday Dec 02, 2021
Are required minimum distributions looming over you and your near future? David talks through three strategies to help you reduce your RMDs.
Read more and get additional financial resources here: http://www.coveryourassetskc.com/3-ways-to-reduce-rmds
What we discuss on this episode:
0:26 - What’s David’s favorite Thanksgiving pie?
3:18 - What are RMDs?
8:48 - How can you reduce the RMDs? What’s the first strategy?
10:58 - What if you’re still working?
12:44 - When should you consider a Roth conversion?
Thursday Nov 18, 2021
Thursday Nov 18, 2021
What moves should you take now to retire early? How do you know if you have enough or too much risk in your portfolio? Is it worth waiting until 70 for Social Security? David answers these questions in this week’s podcast.
Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-150-mailbag-retiring-early-risk-and-social-security
What we discuss on this episode:
0:27 - The Chiefs are headed in the right direction!
2:03 - Mailbag: What should I know about retiring at 55?
7:29 - Mailbag: How much risk should I be taking?
14:03 - Mailbag: Should I wait until 70 for Social Security?
Thursday Nov 11, 2021
Thursday Nov 11, 2021
What strategies and pieces go into a retirement plan? Let’s talk through the puzzle of retirement planning today and how to solve it.
Read more and get additional financial resources here: https://www.coveryourassetskc.com/episode-149-retirement-planning-as-a-jigsaw-puzzle
What we discuss on this episode:
0:29 - Did David like doing jigsaw puzzles as a kid?
2:06 - How do you start the puzzle of retirement planning?
4:50 - What is the framework of a good retirement plan?
8:35 - How are you sorting your pieces?
12:04 - What’s the endgame with your retirement plan?