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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 choic ...
 
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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…
 
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 – …
 
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 A…
 
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:…
 
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 – …
 
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 Additiona…
 
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 I…
 
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 …
 
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 Inform…
 
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…
 
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.truefina…
 
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 …
 
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 Addit…
 
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 – Battle…
 
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 …
 
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 Informatio…
 
Just like football players don’t want to fumble the ball in the red zone, you don’t want to fumble your finances as you get close to retirement. We’ll explain how to protect your finances. What we discuss today: 3:54 – What is the financial red zone? 4:45 – Planning in retirement 7:08 – Mistakes 10:21 – Work on your plan Read more and get additiona…
 
We’re answering your mailbag questions, today. Dean wants to know whether to keep working or retire. Claire wonders if she should split her mortgage payments. We’ll also be answering questions on entering the market, generational wealth, and more. What we discuss today: 1:44 – Working on retiring 3:19 – Splitting mortgage payments 8:05 – Savings ra…
 
Most people realize that it’s usually best to have an estate-planning attorney helping them with their estate plan, but it’s also important for the financial advisor to be part of that conversation. On today’s show, we’ll explain why. What we discuss today: 2:47 – Importance of financial advisor 5:59 – How people view legacy 8:37 – Helping kids 10:…
 
Today we're sharing five signs that you're in good financial health. It's a good checklist to measure where you stand and whether or not you're in a good position for retirement. How do you measure up? Read more and get additional financial information: https://www.truefinancialpartners.com/ep-75-5-signs-youre-in-good-financial-health/ What we disc…
 
You might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you’ll be well on your way to a more prosperous financial life in the coming year. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-74-22-money-resolutions-for-2022/ What we discuss today: 2:…
 
Today we’re talking about something we all occasionally do in life – cutting corners. Whether we do this with our finances, exercising, etc., we’re all guilty of this sometimes. When you do this financially, it can really hurt you in the long term. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-73-quit-…
 
To successfully complete a jigsaw puzzle, there are some strategies you’ll want to keep in mind, and many of those same strategies apply to retirement planning. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-72-the-jigsaw-puzzle-of-retirement/ What we discuss today: 3:28 – Look at the big picture 6:31 –…
 
In the retirement planning business, we occasionally get some unreasonable requests. We’ll explain what they are and how to set proper expectations around your retirement planning. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-71-how-we-handle-unreasonable-requests/ What we discuss today: 4:40 – Return…
 
Today we’re answering your mailbag questions. Joel wants to know where to keep his emergency funds. Jackie wants to know how often she should hear from her financial advisor. We’ll also answer questions on generational attitudes, business ownership, long-term care, and helping parents. Read more and get additional financial information: https://www…
 
Different types of accounts have different tax consequences. Let’s talk about those advantages and disadvantages in different types of accounts and how you use them (or don’t) in your retirement planning. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-69-tax-consequences-for-different-account-types/ Wha…
 
You’ve probably heard the buzzword “risk-averse” before. So, what does it mean? How does this term apply to our retirement plan? Read more and get additional financial information: https://www.truefinancialpartners.com/ep-68-are-you-risk-averse/ What we discuss today: 3:12 – What does risk-averse mean? 5:24 – Our clients’ risk types 10:39 – Retirem…
 
Sometimes we need to think about retirement in a non-financial way. So today, we'll move away from the financial conversations we usually have and discuss some of the non-financial retirement items we should be thinking about. Join us for this fun conversation. Read more and get additional financial information: https://www.truefinancialpartners.co…
 
How can overconfidence lead to financial issues? If you get a little too comfortable with your financial position and decisions you could be blindsided. Watch out for the pride before the fall. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-66-how-overconfidence-can-lead-to-financial-ruin/ What we discu…
 
We often talk about the fallout from COVID-19 and how it has affected our lives in many ways. But did you know it is also affecting some people’s retirement plans? If you’re planning to retire soon or are already retired, this is information you need to know. Read more and get additional financial information: https://www.truefinancialpartners.com/…
 
If you’ve ever ridden the subway in London, you’ve probably seen the “Mind the Gap” sign warning you to be aware of the gap between the train door and the station platform. Today we’re talking about minding the gaps in your retirement plan. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-64-mind-these-fi…
 
Even if you have a solid financial plan in place, things can quickly get out of tune if you don’t make adjustments from time to time. Let’s talk about some of the areas where we often see people get out of tune with their financial plans. Read more and get additional financial information: https://www.truefinancialpartners.com/ep-63-is-your-financi…
 
Getting spouses on the same page when it comes to their retirement plans can sometimes be challenging. Today we’re sharing some of the things that couples often mess up and how you can avoid these mistakes. Read and get additional financial information: https://www.truefinancialpartners.com/ep-62-financial-mistakes-couples-often-make/ What we discu…
 
Should you spend more money to have a better retirement? That’s what one article says, and today, we’re diving into this column and sharing our thoughts about everything that was written on this subject. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-61-spend-more-money-to-have-a-better-retirement/ H…
 
Today we’re answering your mailbag questions on the podcast. Over the course of the show, we’ll cover three different topics that listeners are curious about: using an IRA or loan for a business, trading options in retirement, and how to handle IRA withdrawals. Read more and get additional financial resources here: https://www.truefinancialpartners…
 
We all procrastinate from time to time, but when you do it with your finances it can create trouble down the road. We’ll tell you what financial matters people tend to put off and whether it’s okay. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-59-is-it-okay-to-put-off-these-financial-items/ What we…
 
We’re covering topics today that might raise red flags about your finances. Can you name your investments? How often are you meeting with your advisor? Find out if your answers to these and other questions are problematic. Read more and get additional financial resources here: http://truefinancialpartners.com What we discuss on this episode: 2:54 –…
 
On this episode of the Wealthy Habits podcast, we’ll answer your mailbag questions about all things finances. Among the things we discuss are divorce, interest rates, money arguments and Social Security. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-57-mailbag-divorce-money-arguments-and-social-secu…
 
SECURE Act 2.0 is on the horizon and could be signed into law later this year. We’ll explain how it could affect you. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-56-how-secure-act-2-0-could-affect-you/ What we discuss on this episode: 2:45 – Required minimum distribution age 7:42 – Automatic 401k …
 
Fire extinguishers, airbags in your car, and smoke alarms in your house are all examples of things in life that don’t really seem to matter – until they do. There are some things in the financial world that are the same way. We’ll explain what they are. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-…
 
There’s a lot of focus on accumulating money, but today we’re talking about decumulation. It’s an important part of any retirement plan, and we’ll explain what it is and why you need to know about it. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-54-5-things-you-must-know-about-decumulation-to-retir…
 
On this episode of the Wealthy Habits podcast, we’re talking about a hot topic – inflation. Whether you're watching TV, reading the newspaper, or talking finances with people, you’ll hear the word inflation a lot lately. We want try to help you understand it, what it means and how it could affect your financial planning. Read more and get additiona…
 
Today, we’re answering your most pressing financial questions about how much to save for retirement, whether to buy a dream home and if you should kick your sister out of mom’s house. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-52-mailbag-wedding-savings-stocks-and-ira-growth/ What we discuss on t…
 
Are you an emotional spender or someone who loves to do research before making a purchase? No matter how you spend money, it’s helpful to know your personality type so you can best plan for retirement. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-51-whats-your-spending-personality/ What we discuss …
 
Your father’s retirement plan likely looked vastly different from your own. We’ll explain how times have changed and what that means for your retirement planning process. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-50-this-is-not-your-fathers-retirement/ What we discuss on this episode: 1:45 – Wor…
 
Common sense is actually quite uncommon, especially when it comes to financial planning. Here are some common sense money approaches you need to know. Read more and get additional resources here: https://www.truefinancialpartners.com/ep-49-learning-through-uncommon-sense/ What we discuss on this episode: 2:52 – Buy low, sell high 6:16 – Don’t pay m…
 
Today, we’re answering your most pressing financial questions about how much to save for retirement, whether to buy a dream home and if you should kick your sister out of mom’s house. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-48-mailbag-retirement-savings-dream-home-and-moms-house/ What we discu…
 
On this episode of the Wealthy Habits podcast, we’ll explain some valuable lessons you can learn from the world of medicine and how it applies to your financial life. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-47-listen-to-the-money-doctor/ What we discuss on this episode: 2:40 – Get check ups 6:…
 
People often have questions about life insurance. It’s not a sexy topic, but it is an important one. We’ll explain why. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-46-do-retirees-really-need-life-insurance/ What we discuss on this episode: 2:54 – Dirty word 5:03 – Do you need it? 7:24 – How much? …
 
We’re coming up on the one-year anniversary of this podcast, so we’ve decided to do something different and focus today’s episode on getting to know us better. Find out what we’re like outside of the office and what things we’ll never do again. Read more: https://www.truefinancialpartners.com/ep-45-our-hopes-and-dreams-and-what-well-never-do-again/…
 
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