Cover Your Assets KC Podcast

Do you have a will or trust? What part do they play in your financial plan? What mistakes do you want to be sure to avoid when setting them up?   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-99-understanding-and-implementing-wills-trusts/     What we discuss on this show: 2:40 - People often overlook estate planning. 3:24 - Why are wills and trusts i...

Are you ready to put your knowledge of Social Security to the test? How does Social Security fit into your retirement plan? Take the quiz on today’s episode.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-98-can-you-pass-this-social-security-quiz/     What we discuss on this show:  0:42 - David is putting co-host Walter to the test. 2:25 - What perce...

From Social Security benefits to long-term care coverage to incentivizing your children, we answer four questions from the mailbag today. David shares his advice for these listeners navigating different situations in their financial plan.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-97-can-i-claim-ex-husbands-social-security-benefits-other-question...

Are your taxes going up if Biden gets elected? David talks through some of the numbers and examples of how his tax plan could impact you.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-96-would-my-taxes-go-up-if-biden-becomes-president/     What we discuss on the show:  0:40 - Will my taxes go up if Biden is elected? 2:01 - What do people typically f...

You may have spent plenty of time planning for your legacy, but do your heirs know what they need to know? What conversations should you be having with them now?   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-95-3-things-your-heirs-should-know/     What we discuss on this show:  1:48 - What should you be thinking about with the next generation? 2:52...

Even though it’s still a little way off, how can Millennials best prepare for retirement? What kinds of strategies should they implement as a part of their financial plan?   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-94-millennials-in-retirement/     What we discuss on this show:  0:34 - What should Millennials be doing to save and prepare for reti...

Did you know…? From the global bond market to living benefits, we share what kind of stuff should you know when it comes to your financial decisions on today’s podcast.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-93-stuff-you-should-know-in-the-financial-world/     What we discuss on the show:  0:34 - Fall sports are back! 2:26 - The global bond m...

Are you wondering if you should do a rebalance? David answers this question, as well as two others from the mailbag this week.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-92-mailbag-should-you-be-rebalancing/     What we discuss today:  1:47 - Mailbag: Should I rebalance? 2:48 - How does David breakdown a portfolio? 3:47 - Why is a rebalance impor...

What should you know when it comes to Social Security in the future? Will it still be there for you when you need it? How should your retirement plan account for Social Security? We’ll talk all things Social Security on today’s show.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-91-whats-the-future-of-social-security/     What we discuss: 1:07 - Wha...

Regardless of your age, here are three reasons you may want to review your tax plans and estate plans before the end of the year. Do you have everything set up in the most beneficial way?   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-90-3-reasons-to-review-your-tax-and-estate-plan-now/     On today's show:  0:34 - This show has something for everyon...

How does this year’s 2020 election results impact your finances? We run through several possible outcomes to see what may be most beneficial from a financial standpoint.    Read more and get additional financial resources here: https://coveryourassetskc.com/episode-89-which-presidential-outcome-will-be-best-for-your-portfolio/     On today's show:  0:32 - What’s the latest in the news? 1:36 - Whic...

More than a mere structure, your financial plan creates the blueprint for the life and home you live in. What does it take to build a financial home that will withstand the test of time? Join us as we lay out the similarities between constructing a plan and constructing a house.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-88-building-a-financial-h...

Should you follow the “Rule of 100”? Are you wanting to retire sooner than originally planned? Where should your retirement income come from? David answers these listener questions on today’s episode of Cover Your Assets KC.   Read more about this topic: https://coveryourassetskc.com/episode-87-3-listener-questions-about-retirement-planning/     On today's show:  1:02 - Mailbag: Can you explain th...

Do you know when and how to do a 401(k) rollover? What type of rollover do you choose and where do the funds go? Find out on today’s podcast.   Read more and get additional financial resources here: https://coveryourassetskc.com/episode-86-what-your-401k-rollovers-options-are/     Today's show schedule:  1:07 - What are your options for rolling over a 401(k)? 2:53 - When you leave a company, what...

While it’s unpleasant to think about, preparing for what happens when one spouse dies is a critical component of your financial plan. David has worked with several surviving spouses and shares what’s important to focus on when it comes to your financial plan during that transition.   Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-85-dealing-with-the-d...

Does retiring at 55 sound like a good idea? Russ, one of our listeners, thinks so and wants to know how he can prepare to do so.   Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-84-how-to-prepare-for-early-retirement/     Today's show schedule:  1:24 - Mailbag: What can I do to prepare to retire early? 3:14 - How much am I going to spend in retirement...

Annuities might just be the most controversial topic in the retirement landscape, but why are they such a polarizing set of products? Find out what David thinks about the four different types of annuities and get lots of detail on each one on today’s episode. Show Notes, Resources & Contact Info: https://coveryourassetskc.com/podcasts/ Timestamps: 0:59 - Annuities are a controversial topic. 3:15 -...

From financial plans and needs to your retirement lifestyle, your retirement is decidedly not the same as dear old Dad’s. How will your retirement (and retirement plans) be different? Show Notes, Contact & Resources: https://coveryourassetskc.com/podcasts/ Timestamps: 0:51 - It was assumed you would automatically retire at 65. 2:53 - Retirement living was cheaper. 4:24 - Retirees today have a lot...

Are you aware of all of the changes that the SECURE Act brought about? How does that potentially change your financial plan right now? We’ll answer those questions and more on today’s episode.     Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-81-how-the-secure-act-changed-inherited-iras/     Today's show schedule:  0:32 - The SECURE Act was supposed...

If you think a Roth conversion might be the right thing for you, how do you do it correctly? Creating a strategic plan for your conversion can make a significant difference in your finances and we'll discuss the reasons many people are choosing to make this move.    Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-80-what-is-the-strategy-behind-a-roth-c...

We’re told to use common sense when making decisions, yet often we still do otherwise. Today’s podcast will highlight several areas where people tend to go outside of the common sense and why.     Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-79-uncommon-sense-in-financial-planning/     Today's show schedule:  0:53 - “Buy low and sell high.” 3:37 - D...

Everybody likes to hear about scams but nobody likes to be involved in one. Today, let’s cover the two most common types of scams and then four ways to avoid a scam.   Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-78-how-to-spot-avoid-scams-in-the-coronavirus-environment/     Today's show schedule: 0:34 - Scams continue to be a risk. 2:26 - The most...

Wondering what’s most important as you near retirement? How about, what’s the worst course of action you can be taking? Find out the top three worst financial decisions you can make as you enter into retirement.   Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-77-3-worst-financial-decisions-you-can-make-near-retirement/     Today's show schedule:  1:5...

Are you using non-correlated income wisely? On this episode, David explains what non-correlated income is and how you should use it within your financial plan.   Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-76-understanding-non-correlated-income/     Today's show schedule:  0:22 - What is non-correlated income? 1:33 - Why is non-correlated income im...

Just like you have a doctor to help you manage your health, a financial advisor helps manage your financial health. Let’s discuss some of the parallels between your relationship with your doctor and with your financial advisor.   Read more and get additional financial resources here:  https://coveryourassetskc.com/episode-75-financial-lessons-from-the-world-of-medicine/     Today's show schedule: ...