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Bite-sized financial and retirement planning guidance from David Dickens in Kansas City.

Bite-sized financial and retirement planning guidance from David Dickens in Kansas City.
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Bite-sized financial and retirement planning guidance from David Dickens in Kansas City.






Episode #47: Answering the Most Common 401k FAQs

One of the most-used investment vehicles for retirement is the 401(k) because many employees have the option offered by their company. We want to help you understand the 401(k) by answering many of the common questions we get from contribution amounts to rollovers to investing options. On this episode: 0:20 – Let’s address some frequent 401(k) questions. 0:29 – Should employees take advantage of the free advice companies sometimes offer? 1:22 – 401(k) loans: good idea or bad idea? 2:35...


Episode #46: 4 Important Tax Strategies To Implement Before The End Of The Year

As we enter into the fourth quarter of the year, you may be surprised to learn there are things you can do right now that have an impact on your taxes. Here are four strategies to implement right now. Show Notes: 1:05 - Why now? Do we really have enough time to implement these tax strategies this year? 2:48 - #1 Tax strategy: Max out your 401(k) plan or at least up to the match. 6:07 -...


Episode #45: Are You Missing Out On Contributing To A Roth IRA?

Maybe you’ve heard differences between a Roth and traditional IRA in the past, but how do you determine if a Roth is right for you? What are the short-term vs. long-term benefits? On this episode: 0:33 - What’s the difference between a traditional IRA and a Roth IRA? 2:11 - Why do so many people contribute more to traditional IRAs? 3:14 - Why can a Roth be powerful for someone saving for retirement? 4:45 - Who should contribute to a Roth instead of a traditional IRA? 5:50 - Who should...


Episode #44: The 7-Step Retirement Plan You Can Build Yourself - Part 2

Have you created a retirement plan that covers all of the basics? More than just where your money is invested, do you have goals and a plan in place that accomplishes what you want it to? The seven-step retirement plan is something you can do to make sure you are headed in the right direction. This is part two of the series. On this episode: 1:09 - Recap of steps 1 through 4 of the seven step retirement plan. 2:39 - Step 5: Understand your catastrophic risks. Am I properly insured? 6:04...


Episode #43: The 7-Step Retirement Plan You Can Build Yourself - Part 1

When creating a retirement plan, where do you start? And where are you headed? These seven simple steps will guide you through the process of building a retirement plan that works for you. This is part one of that series. Today's rundown: 1:33 - Introducing this first part of a series covering the seven step retirement plan. 1:55 - The four questions you need to ask yourself before starting the retirement plan. 2:50 - Step 1: Create an annual statement of net worth so you can measure...


Episode #42: Saying One Thing But Doing Another With Your Investments

Do you follow through on your investment plans and goals? Maybe you think and say one thing, but then never get around to making it happen. Does your retirement plan reflect you and your values? Let’s make sure your goals and actions are aligned in this episode. Check out the full show notes by clicking here.----more---- Today's rundown: 0:48 - When the meticulous saver and coupon cutter doesn’t pay any attention to investment fees. 2:15 - When someone has a low risk tolerance but they...


Episode #41: 4 Reasons Why You Might Benefit From Roth Conversions

Have you considered doing a Roth conversion? Or did you even know they were an option? Here are four reasons to consider a Roth conversion and how they might fit in your tax strategy in the future. Check out full show notes for this episode by clicking here. ----more---- Today's rundown: 1:05 - What is a Roth IRA, again? 2:58 - Reason #1: All conversions come out tax-free. 6:42 - Reason #2: Unlike an IRA, there are no RMDs. 8:01 - Reason #3: Roths can be inherited tax-free by...


Episode #40: What It Means To Invest Like A Genius

What are the traits of a genius? And do they apply to you? How about your financial plan, is that the work of a genius? Learn how you too can think and act like a financial genius. Check out the full show notes by clicking here. ----more---- Today's rundown: 0:42 - Geniuses are highly adaptable and able to adjust to whatever situation. 1:27 - When a spouse dies unexpectedly, your financial plan has to be adjusted. 2:50 - Geniuses can admit, “I don’t know.” 4:16 - Sometimes when people...


Episode #39: 2 Tax Strategies To Implement Now In Case Of A Future Tax Rate Increase

Some say “if” but most likely “when” tax rates increase, are you prepared to take a hit? What are some strategies you can implement now to prepare for a future increase in tax rates? These two strategies are sure to soften the blow later on. Check out the full show notes by clicking here.----more---- Today's rundown: 1:23 - Why might tax rates be higher in the future? 3:03 - In 2015, a memo sent to the Speaker of the House said that our tax rates will need to double to cover...


Episode #38: Managing Your Money In A Marriage (or Divorce) + Mailbag

Money is one of the top stressors in a marriage, so how do you handle it together successfully? Or, what happens to your retirement savings when you get a divorce? David answers these questions from the mailbag. See the full show notes by clicking here.----more---- Take a look at the rundown below. 0:21 - Mailbag: After 30 years of marriage, is it better to get half of a 401(k) or pension in the divorce? 2:22 - Mailbag: If interest rates go back up, should I change the way I am...


Episode #37: The Battle Between Mutual Funds And ETFs

Do you prefer mutual funds or ETFs? To figure out which is better, first you’ve got to know what each does. Then you can determine how they fit into your financial strategy. We'll help you do that in this episode. Make sure you check out the show notes by clicking here. Here's the rundown for this episode: 1:45 - What is a mutual fund? 3:48 - Mutual funds provide an easy route to diversification. 4:17 - What are ETFs? 8:00 - Which is better, mutual funds or ETFs? 9:09 - The difference...


Episode #36: Why Should You Get Life Insurance?

A lot of people assume you only need life insurance if you have kids at home. But did you know there are additional benefits to having life insurance that could impact both your life and your legacy? Check out the full show notes for today's episode by clicking here. ----more---- Here's the rundown: 0:46 - Life insurance can be used as income replacement. 3:01 - Using life insurance to transfer family wealth. 4:00 - Creating tax-free income with life insurance, even if you can’t...


Episode #35: How to Plan For Receiving An Inheritance In Retirement

Are you planning for retirement but in the back of your mind also banking on a big inheritance? Is it wrong to factor that in? David answers this question from the mailbag about inheritance and gives some tips on how to best prepare for one. See the show notes and learn more about this show here. ----more---- Take a look at the full rundown for today's episode: 0:44 – Mailbag: Is it unwise to factor inheritance into retirement planning? 2:10 – Consider the assets in the inheritance and...


Episode #34: Which Ages Are Most Important When Planning For Retirement?

One of the common questions about retirement is which age you should target so that you’re maximizing your assets. It’s never too early to start discussing the options, so whether you’re in your early 50s or approaching 70, there’s important information for each age range that will help you prepare for that big day. In this episode, find out what you can be doing at each milestone age to put yourself in the best position. For full show notes, visit our website here. ----more---- Equipping...


Episode #33: Should You Contribute To A Roth or Traditional IRA?

Are you trying to decide where you should contribute money toward retirement? Whether you are 20 or 60, David will talk through some of the things to consider before you decide between a Roth IRA or traditional IRA. The difference down the line is worth taking time to thoroughly consider now. Full show notes: ----more---- Equipping Points: 1:25 Where do I contribute: Roth IRA or traditional...


Episode #32: Mailbag - 401(k) Rollovers & Leaving An Inheritance

Have a few different old 401(k)s and want to simplify? Wondering if avoiding taxes is scam? Thinking about leaving an inheritance for your children? Listeners often send in their questions, so today David will answer these three questions from the mailbag. Equipping Points: 0:25 Combining old 401(k)s 2:39 Avoiding taxes 4:40 Leaving an inheritance you


Episode #31: 3 Critical Estate Planning Mistakes To Avoid

These are three estate planning mistakes everyone will want to avoid. Regardless of how big or how complicated your estate is, these will impact your heirs if they are done incorrectly. Equipping Points: Not naming secondary beneficiaries 1:57Overlooking per stirpes 6:34per stirpesper capitaHaving assets go through probate 10:35


Episode #30: Following The Voice Of Greed

When it comes to your money, it might feel like you have several different voices in your head telling you what to do. Sometimes it’s greed, sometimes it’s fear, sometimes it’s wisdom. We’ll talk through the different ways greed might speak to you and if you should follow those impulses. Check out full show notes of this episode here: ----more---- Equipping Points: 0:49 Greed says: The market is doing great, it’s...


Episode #29: 3 Things To Know About Stretch IRAs

Today's Prep: When inheriting an IRA, you may have the option of a Stretch IRA. David walks us through what a stretch IRA is and how it can work for you. This is incredibly important to understand if you might inherit an IRA because it may change your options when it comes to tax strategies and building wealth. View the full show notes here: ----more---- Equipping Points: 0:56 What is a Stretch IRA? 2:53 #1 –...


Episode #28: How To Save For A Wedding

David answers three listener questions, including one on saving for a wedding. He also tackles questions on IRAs and the tax implications of selling a stock. For in-depth exploration of this topic, check out our blog here: