Show Description:

Rich Gaines with Legacy Legal joins Jason Labrum in the studio today to discuss ALL things tax, legal and financial advice.  Rich specializes in working with tax law to benefit people in protecting and preserving their wealth for generations. Legacy Legal collaborates with IDA to assist in the creative planning process so clients have a holistic plan when it comes to their future and their wealth. 

Exercise your constitutional right to pay the least amount of taxes possible!

In this show you will learn about:

- Three different levels of tax savings
- Reduce tax liability and maximize amount of money to pass on to your heirs
- What  should you do to upgrade your trust so it makes the most sense for your circumstances

Show Description: Jason and Alex welcome IDA’s newest wealth adviser, Cari Leamy to the show for her first time. Also back on the show is Director of Portfolio Management at IDA, Andrew Grant. Andrew starts off the show talking about a technical year end must do, evaluating potential capital gains exposure. These capital gains are something that mutual funds pass on to investors on their record dates. They become relevant at the end of the summer but becomes especially important when deciding to buy or sell mutual funds this time of year because buying a fund right before the date may not make sense. The show then transitions into the spirit of giving that the holiday season tends to bring to all of us. Alex talks about how you can donate to your favorite charities via a direct qualified contribution from your IRA. This strategy fits very well for those who are being forced to take RMD and could use this strategy instead of donating cash from the bank. The tax savings can be substantial when done correctly. Another donation strategy if RMD is not a consideration would be to donate highly appreciated investments from your nonretirement accounts. These year end decisions could save you significant amounts of taxes while giving back to those less fortunate than you. Jason elaborates on the tremendous lifetime impact of front-loading donations in the case of major liquidity events that business owners may have achieved this year. Donor advised funds, family foundations and other special trusts can create generational tax benefits. Cari closes out the show talking about the importance of year end financial planning with the future in mind. The value that financial planning brings to individuals and families is a huge passion of hers and she shares stories of the impact that planning has had on clients in her professional experience.

In this show you will learn about:

- Making charitable donations from your investment or retirement accounts and the tax benefits associated with doing so

- A reminder to take RMDs from retirement accounts (401(k), IRA, Inherited IRA & Inherited Roth, etc)

- Strategies to mitigate taxes that take place on the record dates for Mutual Fund Capital held in non-retirement accounts

- The power of good financial planning

Show Description: Jason and Alex tackle two of the most important questions that an investor can ask themselves. 1) Which is more important, financial planning or investment management? And 2) What kind of experience should you be getting from a financial adviser on each? Jason and Alex share why they place such a strong emphasis on beginning every client relationship with financial planning and continually monitor the plan throughout the entire lifetime of their clients. Investment Management is a critical component of a good, comprehensive financial plan, but it’s not the only component. By building a plan that encompasses all of your assets, liabilities, income, expenses, taxes and inflation you can best determine the investment strategy that makes sense for your situation. This strategy should take the least amount of risk and volatility necessary for you to accomplish your lifetime financial goals. Just as life changes, so does your financial plan. The continual process of updating your plan and your investment strategy is critical. Your plan should have montecarlo capabilities that stress test the success rate across your entire lifetime taking into account as much historical data regarding volatility available. Another part of ensuring that you are making the best financial decisions is by using your financial plan to model what if scenarios, particularly around major life events such as buying or selling a home, retiring, or selling a business.

Alex shares a recent story of a high net worth client who engaged the IDA team for a financial plan only relationship with the expectation that IDA would never manage the client’s assets. Proceeding along these clear guidelines Alex and his team built the plan and delivered the recommendations across all components of the client’s financial lives. The client saw the sophisticated nature of IDA’s investment management, the value and comprehensive nature of the relationship and decided to turn over a portion of their assets to manage. Jason and Alex encourage any listener to the show to take the same approach. There is no need to assume and all or nothing approach, IDA would rather build you a complete financial plan at a competitive cost to demonstrate what the client experience is like and deliver on holistic recommendations than the alternative – do nothing at all. Too many investors are fearful or apprehensive to start this conversation and need not be.

In this show you will learn about:

- The importance of having a good financial plan

- What constitutes a good financial plan

- How to determine the proper investment strategy

- How to maintain and test a financial plan

- How a planning only relationship might be the right thing for you

Show Description: This week’s Financial Detox show starts off with appreciating our country’s Veterans and admiration of General John Kelly. His famous “Six Second Speech” reminds us all of the service, bravery and sacrifice that our armed forces demonstrate on a daily basis. We owe a tremendous debt of gratitude for the freedom provided to us all through their valiant actions. On the topic of Thanksgiving and giving thanks, Jason and Alex share their appreciation of IDA’s amazing clients and talk about the annual Thanksgiving Pie Client Appreciation Event. This open house is held the Tuesday of Thanksgiving week, this year falling on 11/26 from 3-5pm at the Carlsbad office. They welcome listeners to come to the event, have a sample of the famous Carlsbad Village Pie Shoppes delicious pies, mingle with clients and meet some of the IDA team. Jason discusses the mission of IDA and it’s pursuit to deliver value and a better investment experience to clients. There are thousands of financial advisers across the country, but by intentionally and persistently serving clients through the collective wisdom of the entire firm’s team, clients truly have a unique experience from the norm. So often the typical adviser, while working for a mega financial firm, is operating in a silo susceptible to their own behavioral blunders and conflicts of interest. There are several other components to the Financial Detox Client Experience, including Behavioral Coaching, Asset Class Selection, Lower Cost Investments, Tolerance Band Rebalancing, Asset Location & Tax Efficient Withdrawal Strategy and Tax Loss Harvesting. The show outlines the importance of having a full-time fiduciary adviser team whose purpose and mission is to relentlessly deliver value to their clients.

In this show you will learn about:

- General Kelly’s Six Second Speech

- IDA’s Annual Client Appreciation Thanksgiving Pie Event

- The IDA Mission to Deliver Value to it’s clients

- The difference between teamwork and a silo experience

- The Components to the IDA Client Experience

Show Description: 

Jason and Alex host a different kind of show this week, one that allows listeners to hear more about their personal lives and some of the areas that they find joy in life. In the first story Alex shares his weekend with the Cahuilla tribe of Bear Nation, an Adventure Princess group of the YMCA Ecke in Encinitas. He let his daughter Avery shave his head into a mullet as part of the weekend themed event. Jason then shares about his upcoming Labrum boy’s deer hunt that he is set to leave on the next day. The hunt marks an annual meaningful family tradition where the three generations of Labrums share an outdoor adventure experience just outside of their hometown of Richfield, Utah. The show eventually gets into some financial topics such as Schwab’s bold move to continue the race to zero and the importance of a “Real Financial Plan”.  In addition Schwabs theory that having the lowest revenue per client in the industry will benefit all clients.  This has become the evolution and creative way of our industry to serve and satisfy clients ultimate goals. 

The message of the show is that we all have goals and meaning to our lives that are only defined by us. The role of an excellent adviser is to help their clients succeed by their own definition giving them financial peace of mind to live their best lives. Furthermore the memories and experiences we share with our family, friends and loved ones enrich our lives and having financial peace will allow us to enjoy what matters most. 

In this show you will learn about:

- Why Alex got his head shaved

- All about the annual Labrum boys Deer Hunt

- Schwab continues the race to zero

- What a “Real Financial Plan” is and why it’s so important

Show Description: In this show we have two very special guests, Dax and Luke Labrum. Dax and Luke are the sons of Intelligence Driven Advisers & Financial Detox Founder Jason Labrum. This show offers listeners a glimpse into the values that the Labrum family places around financial education. Dax and Luke, ages 10 and 9, share their opinions on saving and investing and how they are learning to navigate their own decisions around these important concepts.

In this show you will learn about:

- The benefits of education your children early and often on the importance of saving and investing wisely

- The potential negative impact of not doing this at all

- Tips on where and how to save for your children

- Tips on how to teach them about saving and investing

- Dax and Luke’s perspectives on the concepts of saving and investing

Show Description: Bonnie is a graduate of Texas A&M University with a degree in finance with an emphasis in investments. Through her 21-year career in the financial services industry Bonnie has worked for several wealth management firms and joined IDA in 2015. Bonnie is passionate about philanthropy, connecting local women with other women through women’s groups, supporting education through scholarships and making a lasting impact on women in San Diego. She is committed to volunteer work with numerous organizations, including; International Rescue Committee Youth Programs Scholarship (IRC), Ninety-Nines Scholarship Chair and Women’s Empowerment San Diego.

In this show you will learn about:

-          Some of the main reasons that trigger women to hire a financial adviser. 

-          What women look for when searching for a financial adviser.

-          Best practices for women that are in need of financial advice. 

Show Description: 
Modern Portfolio Theory + Efficient Market Hypothesis = An Evidence Based Investment Philosophy.

In this show you will learn about:

- The importance of having ONE Investment Philosophy and evidence that supports what happens if you, or your advisor/adviser, does not have one. - Modern Portfolio Theory explained. Opposing views to the Theory - Behavioral Finance - Efficient Market Hypothesis explained. Opposing views to the Hypothesis - Random Walk Style

- How to properly combine the two in your Investment Strategy.

Show Description
Brian McArthur is the President of the McArthur Group at Bridlewood Insurance. His team and he work exclusively with financial advisers to navigate clients through their Medicare enrollment under the watchful eye of, and in partnership with the client’s financial advisor.

In this show you will learn about:

- Why Medicare is so important to address in your financial plan.

- Why Medicare is the most overlooked part of your financial plan and why many financial advisers avoid the topic of Medicare.

- What you should know as you approach Medicare eligibility at age 65 and to navigate the Medicare maze.

- Strategies around reducing the taxation of your Medicare and Social Security benefits.

- The importance of having a team of advisers who can solve for your Medicare needs.

Show Description:

Now that the 2nd decade of the 21st century is coming to a close we can reinforce timeless market lessons once again. The “Lost Decade” is a common example used when describing “the worst of times” for the S&P 500 where it returned an annualized rate of -0.95% from January 2000 through December 2009. Fast forward from January 2010 to June 2019, almost a full decade later, and the same index returned an annualized rate of +13.08%. In this show we will discuss the performance of some other parts of the market including small cap, value, international, and emerging markets. As investors we know that we should have a long-term perspective toward investing and that by maintaining that discipline through all seasons of investing we will increase our chances of success.

In this show you will learn about:

· The “Lost Decade” and how other parts of the global markets performed

· The following decade and how the global markets performed

· Alternatives to investing in the S&P 500

· How to be invested for the next decade and for the rest of your life