Cover Your Assets KC Podcast

Episode 122: How To Claim Social Security Benefits of an Ex-Spouse

Are you divorced and wondering about spousal Social Security benefits in retirement? David shares seven things you need to know about the benefits and what they might look like on today’s podcast.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-122-how-to-claim-social-security-benefits-of-an-ex-spouse/ 
 
What we discuss on this episode: 
0:49 - What happens to your Social Security after a divorce?
2:05 - How do you qualify for an ex-spouse’s Social Security?
4:18 - How much would you be entitled to?
7:28 - What if someone has been divorced a few times?
8:43 - What if your ex is not taking Social Security yet?
10:11 - Will my ex-spouse know that I’m claiming?
11:31 - What if the ex-spouse is deceased?
13:00 - How does someone apply for this benefit?

Episode 121: How Much Should You Invest in One Stock?

If you’ve found a good stock, how much is okay to invest in it? David answers this question from the mailbag, as well as three others related to when to retire and the stability of Social Security.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-121-how-much-should-you-invest-in-one-stock/ 
 
What we discuss on this episode: 
0:57 - Mailbag: Is it normal to work past 65 years old?
4:11 - Mailbag: Should you consider an early retirement package?
8:49 - Mailbag: Will Social Security be around the rest of my lifetime?   
11:27 - Mailbag: How much of your portfolio is okay to be invested in one stock?

Episode 120: What’s Changed with Inherited IRAs?

When financial planning, what do you need to know about inherited IRAs when it comes to leaving a legacy? What is most beneficial to your heirs in the future?
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-120-whats-changed-with-inherited-iras/ 
 
What we discuss on this episode: 
2:34 - In the last few years a lot has changed with inherited IRAs.  
4:05 - Generally, you have up to 10 years to clear out an inherited IRA.
6:32 - What if you inherit an IRA from your spouse?
10:19 - What implications after the shift in rules?
12:37 - Is it better to inherit a Roth vs. a traditional IRA?
14:33 - How do you rollover an inherited IRA?

Episode 119: Basketball and Financial Planning

As March Madness came to a close, we wanted to have a little fun and talk about what basketball and financial planning had in common. Is your financial plan ready for its one shining moment?
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-119-basketball-and-financial-planning/ 
 
What we discuss on this episode: 
2:08 - What can we learn about retirement planning from basketball, starting with the shot clock?  
7:24 - What’s the retirement equivalent of a double dribble?
12:26 - What fouls do you want to avoid in retirement planning?
17:08 - What’s success defined as?

Episode 118: Things You Should Never Assume In the Financial World

Are you assuming when it comes to your financial plan? Let’s talk about what common assumptions people have and how to properly plan and prepare for retirement.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-118-things-you-should-never-assume-in-the-financial-world/ 
 
What we discuss on this episode: 
4:37 - Do you assume you’ll spend less in retirement?
6:57 - Assume your taxes will be lower in retirement?
10:34 - Think you should get your kids through college before saving for retirement?
12:44 - Feel like you’ll never be able to retire?

Episode 117: Where Can I Find Mutual Funds with 10 Percent Returns?

On the lookout for mutual funds with high returns because you’ve heard it’s possible? David answers three questions from the mailbag in today’s show as you make financial decisions.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-117-where-can-i-find-mutual-funds-with-10-percent-returns/ 
 
What we discuss on this episode: 
1:22 - Mailbag: Will my Social Security and pension be enough?
6:07 - Mailbag: Where can I find returns that earn over 10 percent?
11:53 - Mailbag: Should I keep an inherited house as a rental property?
15:08 - What do you do with an emotional inheritance?

Episode 116: 4 Steps to Help You Plan Ahead for Taxes in Retirement

Have you given much thought to taxes in retirement? What can you do to prepare effectively for what the future may hold?
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-116-4-steps-to-help-you-plan-ahead-for-taxes-in-retirement/ 
 
What we discuss on this episode:
0:37 - David is back in town!
4:05 - Why is it important to plan ahead for taxes?
6:17 - Should you include diversification in your retirement taxes?
7:51 - What are the four accounts to invest in?
13:05 - How would someone use those accounts to build their retirement?
17:50 - What’s the most efficient way to manage these accounts?

Episode 115: 5 Keys to a Strong Financial Foundation

What is your financial foundation? Every financial house needs a strong foundation. Whether you are just starting out or already into retirement, you want a firm and healthy foundation. On today’s episode of Cover Your Assets KC, David talks about the five keys you’ll want to build your financial base.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-115-5-keys-to-a-strong-financial-foundation/ 
 
What we discuss on this episode: 
1:29 - Have total control of your checking and savings accounts.
4:50 - Do you have a workplace retirement account?
8:44 - If no workplace retirement account, do you still have a retirement account?
11:28 - Make sure you have life insurance.
17:56 - Should you have a taxable brokerage account?

Episode 114: Mailbag - Save Up for Rental Property or Pay Off House?

This or that? Which is better? David answers three mailbag questions that ask what to do while trying to make wise investment decisions.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-114-save-up-for-rental-property-or-pay-off-house/ 
 
What we discuss on this episode: 
0:26 - Feeling ready for spring?
2:04 - Mailbag: Pay off the house or save for a rental investment property?
10:28 - Mailbag: How many 401(k) funds should I have?
17:29 - Mailbag: Should I use a robo-advisor tool to invest my HSA? 
22:50 - What’s the most important thing to do financially when you’re young?

Episode 113: 5 Things to Know About Capital Gains

If you’ve ever invested, you’re at least familiar with capital gains, but do you understand how much they impact your future? Today we’ll tell you five things that you need to know about capital gains and how to account for them when investing.
 
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-113-5-things-to-know-about-capital-gains/ 
 
What we discuss on this episode: 
1:43 - What’s the difference between a short-term capital gain and a long-term capital gain?
5:55 - Which one is better?
6:22 - Does it change if you’re in a Roth IRA or traditional IRA?
10:00 - What happens if you sell something at a loss?
13:29 - What do you need to know about annuities?