We’ve all seen stats about how much the average American has saved for retirement. But let’s be honest- being “average” when it comes to retirement savings isn’t likely to provide the lifestyle you want in your golden years. Instead, David will share some practical benchmarks you can use to measure your progress. He’ll also share some actionable steps to set yourself up for long-term success!

Here’s some of what we discuss in this episode:

New Years Resolutions Episodes

https://coveryourassetskcpodcast.podbean.com/e/episode-155-2022-financial-resolutions-part-1/

https://coveryourassetskcpodcast.podbean.com/e/financial-resolutions-part-2/

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

Join David for part two of our series on 2024 stocking stuffers for financial freedom. In this episode, we explore five actionable financial tips to help you wrap up the year and prepare for a prosperous 2025. From managing debt effectively to considering Roth conversions and utilizing Qualified Charitable Distributions, this episode will give you some areas to focus on.

Here’s some of what we discuss in this episode:

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

The holiday season is here, and while you’re stuffing stockings for your loved ones, don’t forget to stuff your own financial stocking with tips that can bring you closer to a secure retirement. Today, we’re unwrapping 10 bite-sized, actionable ideas to help you save smarter, invest better, and plan for the future you deserve.

From maximizing your retirement contributions to revisiting your estate plan, learn how to make the most of your financial situation as we approach 2025. We have plenty of stocking stuffer ideas so stay tuned for part two of the discussion next episode.

Here’s some of what we discuss in this episode:

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

The election is finally behind us and it’s hard to believe that we didn’t have a long, drawn-out process to determine the winner. Now that Trump is returning to the White House, it’s time to start looking at what policies his administration is considering and what those decisions could mean for your portfolio.

Here’s some of what we discuss in this episode:

• Could the proposed tariffs be inflationary for the US economy?

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

Building a nest egg or inheriting one can involve a lot of moving parts. You want to be strategic and make wise decisions to prepare you for the future and protect your assets against the possibility of a market crash. In today’s podcast, David answers three questions from the mailbag, all facing different financial situations.

Here’s some of what we discuss in this episode:

• Mailbag: When to stop contributing to a 401(k) and pay off debt instead. 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

As we approach the end of the year, it's crucial to ensure your financial health is in top shape. In today’s podcast, David provides an essential checklist to help you optimize your financial strategy. Whether you're a retiree or still in the workforce, these practical tips will guide you towards a prosperous 2025.

Here’s some of what we discuss in this episode:

• Fully funding your retirement accounts.

Resources for this episode:

https://www.coveryourassetskc.com/episode-177-making-investment-losses-work-for-you

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

Following the news of the rate cuts last week with the Fed, you may be wondering what that means. Is that a good thing? How could it impact your daily life? David breaks down what it means now and what has happened after rate cuts in the past. Based on that, he shares some financial possibilities for the near future and what the market outlook is.

For investors, this short and sweet podcast packs a lot of valuable info in. Before you make any bold moves, David suggests a cautious approach as we wait and see what these rate cuts do to our economy.

Here’s some of what we discuss in this episode:

• The Federal Reserve announced that they were cutting the Overnight Fed Funds Rate by half a percent.

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

What’s the key takeaway in all this for investors?

Whether you're facing a layoff, planning a financial gift for a new grandchild, or dealing with an inheritance, today’s podcast offers valuable insights and actionable advice. Beyond helping you save for retirement, as a financial advisor, David answers countless financial questions that come up over the course of his clients’ lives. Find out what he has to say when answering three questions from the mailbag!

Here’s some of what we discuss in this episode:

• Mailbag: How to handle unexpected layoff?

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

As we grow older (and wiser), it's natural to reflect on the decisions we've made and consider what we could have done differently in the past. In today’s episode, we delve into the top five retirement regrets of people in their seventies, inspired by a recent YouTube video created by someone else in their 70s. David shares his insight and advice for anyone in their fifties or sixties looking to avoid these common financial pitfalls.

Here’s some of what we discuss in this episode:

• People wish they had retired earlier.

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.

When it comes to planning for retirement, many people turn to target-date maturity funds for their set-it-and-forget-it appeal. In fact, if you have a 401k or an IRA rollover, chances are you have a target-date maturity fund. These are designed to automatically adjust your investment mix as you approach retirement, gradually shifting from a higher allocation of stocks to a more conservative mix of bonds and cash. This sounds ideal, but is it?

In this episode, David and Walter discuss an interesting article by The Washington Post that questions whether these funds truly deliver on their promises.

Here’s some of what we discuss in this episode:

• The popularity of target-date funds and how they work

The Washington Post Article:

https://www.washingtonpost.com/business/2024/07/23/target-date-funds-retirement-savers-explainer/

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.