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Wealthy Habits Podcast

Business & Economics Podcasts

Are there some important financial questions and considerations that you've overlooked? On this show, we want to come alongside your financial and retirement journey to help you answer those questions and experience financial success. Dave Elizondo and Drue Kampmann are Co-Founders of True Financial Partners, serving the Quad Cities. Their goal is to provide you with great information and education to help you retire with security and comfort. As you get closer to retirement, the money choices you make become more and more critical. So make sure you're getting proper guidance and help along the way. On the Wealthy Habits Podcast, we'll cover things like social security, taxes, income planning, investments and so much more. Reach out if you have any questions at https://www.truefinancialpartners.com/ or by calling 563-359-8783.

Are there some important financial questions and considerations that you've overlooked? On this show, we want to come alongside your financial and retirement journey to help you answer those questions and experience financial success. Dave Elizondo and Drue Kampmann are Co-Founders of True Financial Partners, serving the Quad Cities. Their goal is to provide you with great information and education to help you retire with security and comfort. As you get closer to retirement, the money choices you make become more and more critical. So make sure you're getting proper guidance and help along the way. On the Wealthy Habits Podcast, we'll cover things like social security, taxes, income planning, investments and so much more. Reach out if you have any questions at https://www.truefinancialpartners.com/ or by calling 563-359-8783.

Location:

United States

Description:

Are there some important financial questions and considerations that you've overlooked? On this show, we want to come alongside your financial and retirement journey to help you answer those questions and experience financial success. Dave Elizondo and Drue Kampmann are Co-Founders of True Financial Partners, serving the Quad Cities. Their goal is to provide you with great information and education to help you retire with security and comfort. As you get closer to retirement, the money choices you make become more and more critical. So make sure you're getting proper guidance and help along the way. On the Wealthy Habits Podcast, we'll cover things like social security, taxes, income planning, investments and so much more. Reach out if you have any questions at https://www.truefinancialpartners.com/ or by calling 563-359-8783.

Language:

English


Episodes

Ep 98: Are These Retirement Statistics Encouraging or Disturbing?

6/30/2022
Numbers often drive a lot of the conversation in the financial world, and people like to see how they measure up against others. Today we’re sharing some statistics and our thoughts on whether they’re encouraging or disturbing. What we discuss today: 2:39 – $1.04 million 6:48 – Keep working 10:10 – Increase savings 11:53 – Social Security 15:44 – Health care Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:19:48

Ep 97: Secret To Retirement Success: Get Out Of Your Own Way

6/23/2022
There are plenty of external factors that often negatively influence our chances of having a successful retirement. But often, failure comes from within. On this episode, we’ll talk about some of the common ways people get in their own way when it comes to financial planning. What we discuss today: 3:43 – Fear and greed 7:01 – Taxes 8:18 – Cash 13:36 – Overthinking 14:48 – Opinions Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:20:40

Ep 96: What to Do As You're Counting Down the Days to Retirement

6/16/2022
If you’re counting down the days until retirement, we have a checklist of things you need to keep in mind. We’ll help you get ready for the big day and make sure you are ready financially and otherwise. What we discuss today: 2:20 – Getting healthy 4:37 – Free time 5:48 – Work 7:19 – Save more 9:37 – Debt 11:47 – Risk Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:17:15

Ep 95: Can I Retire at 55?

6/9/2022
Can I retire at 55? We get this question a lot, especially with the recent trend of people trying to retire earlier. Most people don’t know if they can retire early, but we can help. What we discuss today: 2:26 – Peanut gallery 3:40 – Retire at 55? 5:09 – Social Security 8:27 – Financial advisers 10:22 – Health care 12:11 – Planning to retire early 14:20 – Comment: Pensions 16:33 – Comment: Inflation 17:56 – Comment: Savers Get Additional Information:...

Duration:00:22:56

Ep 94: Managing the Cash in Your Portfolio

5/26/2022
It’s always a good idea to have cash set aside for emergencies or for major purchases you might have coming up. But when is a healthy bank account actually counterproductive? With today’s challenging financial environment, we thought it would be a good idea to have the cash conversation again. What we discuss today: 1:48 – Good reasons to have cash on hand 4:14 – How much cash should I have? 7:54 – Why it’s counterproductive to have more cash on hand 9:29 – Client example 10:28 – Ways...

Duration:00:15:56

Ep 93: Mailbag - 401k Debt Relief, Selling Mom’s House and Picking Advisors

5/19/2022
Should I take money out of my 401k to pay off debt? What are the tax implications of selling my mom’s house? Why are financial advisors paying more attention to my husband? These are a few of the questions we’re answering in today’s mailbag. What we discuss today: 2:30 – 401k debt relief 7:57 – Selling mom’s house 10:25 – Ignoring the wife 11:28 – Taking Social Security 14:05 – Diversified 16:09 – Nursing home care Get Additional Information:...

Duration:00:19:57

Ep 92: Common Housing Questions From Retirees

5/12/2022
Housing is a really important topic for a lot of retirees because, for many of us, it’s the biggest asset we’ll ever own or manage. On this episode, we’ll cover some common housing questions we get from retirees. What we discuss today: 2:51 – Interest rates 8:50 – Downsizing 10:58 – Home equity 15:03 – Sign house to kids 17:35 – Complications Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:23:00

Ep 91: Mailbag - College Costs, Budgeting, and Financial Advisors

5/5/2022
Should you pay for an expensive college for your child? Should you budget or meet with a financial advisor first? These are a few of the questions we’re answering in today’s mailbag. What we discuss today: 3:28 – College costs 5:31 – Budgeting 7:33 – Money in the bank 10:47 – Life insurance 12:55 – Retiring spouse Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:17:47

Ep 90: Reasons Why You SHOULD Get Life Insurance

4/28/2022
When you hear the words “life insurance,” what comes to mind? Some people avoid the topic or don’t understand how it works. Let’s lay out seven reasons why you should at least be considering life insurance in your portfolio. What we discuss today: 3:02 – Income replacement 5:31 – Leveraging life insurance 8:20 – Premiums 12:35 – Businesses 14:25 – High incomes 17:32 – Long-term care Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:23:42

Ep 89: The Most Important Birthdays in Retirement

4/21/2022
Today we're sharing the most important birthdays in retirement planning. We'll take you through some of the key ages, why they are important and what you should be thinking about as you approach retirement. What we discuss today: 2:25 – Age 50 4:52 – Age 55 8:05 – Age 59.5 10:25 – Age 62 12:55 – Age 65 14:03 – Age 66-67 16:48 – Age 72 Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:22:07

Ep 88: Clearing Up Common Financial Jargon

4/14/2022
Every industry has its own jargon, and financial planning is no different. Today, we’re explaining some common financial jargon, what it means, and why it's important to understand. What we discuss today: 3:20 – Diversification 7:21 – Inflation 11:50 – Volatility 13:30 – Risk tolerance 16:41 – Stocks and bonds 19:35 – Capital gains Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:28:06

Ep 87: How To Recognize Your Voice of Greed and Fight Against It

3/31/2022
When it comes to your money, you might have several different voices in your head — maybe the voice of greed, or the voice of fear, and sometimes the voice of wisdom. Let’s look at some things we might hear from the voice of greed so you know how to recognize it when you hear it. What we discuss today: 3:20 – Investment timing 10:49 – Advice 12:29 – Couple next door 14:52 – Emergency fund 16:55 – Do it yourself Get Additional Information:...

Duration:00:21:48

Ep 86: When Guessing At Retirement’s Most Important Questions Goes Wrong

3/24/2022
Most people, when trying to plan their retirement, have to guess about the answers to some important questions. Today we’re talking about some of those questions and why you need to have a better answer than just a guess. What we discuss today: 3:12 – Monthly income 10:04 – Major purchases 13:10 – Inflation 17:30 – Health care Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:24:16

Ep 85: What’s the Most Important Part of Retirement Planning?

3/17/2022
Planning for retirement is relatively complex. There are a lot of different moving parts and factors to consider. Adjusting any of these variables can impact the end result. But is there one part of the retirement planning process that’s most important? What we discuss today: 2:06 – Deciding what you do 5:51 – Start now 7:36 – How much income? 9:44 – How much to spend? 10:31 – Proper portfolio allocation 12:50 – Making retirement fulfilling 14:07 – Picking the right advisor Get...

Duration:00:19:51

Ep 84: Why Values-Based Planning Is Essential

3/10/2022
Putting together a solid retirement plan isn’t just about dollars and cents. We need to determine what really matters to you. Today’s show is all about why values-based planning is so important. What we discuss today: 3:17 – Family 6:53 – Career 10:01 – Education 13:50 – Charitable giving 18:09 – Fun Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:22:25

Ep 83: Who Even Needs an Advisor?

3/3/2022
Some people feel that they’ll save money by handling their investments themselves instead of working with an advisor. Others may like the challenge of doing it themselves. Still, others just don’t know who to trust so they end up not working with anyone. We’ll share some reasons that you might need an advisor. What we discuss today: 2:13 – Are you a procrastinator? 6:01 – Don’t know where to start 8:09 – You don’t know what you don’t know 11:07 – Advisors are on your team 15:43 – You...

Duration:00:23:01

Ep 82: Planning for Things You Can’t Predict

2/24/2022
There are some things in life you can’t predict, but you can try to plan for them. For example, when is the next market crash going to happen? We don’t know, but here’s how you can prepare for this and other things in your financial life. What we discuss today: 2:34 – Market crashes 8:47 – Health care 12:42 – Taxes 17:08 – Life expectancy Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:23:06

Ep 81: What They’re Saying - 2022 Economic Predictions

2/17/2022
At the beginning of every year, people love to make predictions and prognostications about what’s going to happen to the economy in the coming months. Let’s take a look at what the experts are saying about the economic outlook of 2022. What we discuss today: 2:53 – GDP 9:29 – Housing market 12:43 – Inflation 17:05 – Great resignation 20:42 – Battlegrounds 24:42 – Clients’ worries Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:28:37

Ep 80: Retirement Potpourri: Let’s Play Fill In The Blank

2/11/2022
Time for a little fun on this episode. We’ll use some fill-in-the-blank prompts to spark a good discussion about relationships between advisors and their clients, the stock market, common planning mistakes, and much more! What we discuss today: 3:15 – Don’t run out of money 7:45 – Stock market 13:16 – Run the other way 14:33 – Client worries 15:32 – Common mistakes 18:01 – Gratifying part of their job Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:21:41

Ep 79: How Children Become Part of the Retirement Discussion

2/3/2022
For many parents, everything revolves around their children. That’s why today we’re talking about retirement and how your children should become part of the discussion. What we discuss today: 4:13 – College expenses 6:44 – Living with parents 10:49 – Grandkids 12:49 – Children with special needs 17:01 – Generational wealth Get Additional Information: https://www.truefinancialpartners.com/media/podcast/

Duration:00:22:47