Financial Detox®

The real estate market is shifting—and not everyone understands how. In this episode of Financial Detox, Jason Labrum and Alex Klingensmith break down what's really happening across the real estate landscape, from single-family homes at all-time highs to commercial and multifamily properties that are facing serious headwinds.

Join Jason Labrum and Alex Klingensmith as they expose the hidden tax mistakes costing investors real money—and how to fix them. This isn't generic advice… it's practical, high-impact strategy used by smart investors, business owners, and executives.

In this value-packed episode of Financial Detox, Jason Labrum and Alex Klingensmith team up to tackle a topic that's on everyone's mind this time of year — TAXES!  

Jason Labrum and Alex Klingensmith dive deep into the chaos of today's markets, unraveling the real impact of tariffs, behavioral finance, and long-term investment success. In this episode, recorded during a dramatic market drop, Jason and Alex deliver powerful insight on: ✅ How to navigate market volatility without panic ✅ What tariffs under the Trump administration mean for global trade, inflation, and U.S. jobs ✅ The psychology of investing – understanding and managing emotional decisions ✅ Why time in the market beats timing the market every time ✅ What makes a truly diversified portfolio beyond the S&P 500 and the Magnificent Seven ✅ Why investor behavior is the biggest factor in long-term returns ✅ Real-life client stories on how financial planning creates freedom

Whether you're just beginning to think about your legacy or you've already created a trust, this conversation offers actionable insights and expert advice to help you protect your wealth, your wishes, and your loved ones.

Welcome to another episode of Financial Detox, where Jason Labrum, founder of Financial Detox and co-founder of IDA Wealth, is joined by the brilliant Alex Klingensmith, Partner and President at IDA Wealth, for a wide-ranging discussion on all things markets. In this dynamic episode, they tackle the current financial landscape, behavioral finance, and how political noise affects investment decisions.

In this episode, we're diving deep into Roth conversions—a game-changing tax strategy that could potentially save you millions over your lifetime.

We will be talking about trending investment topics including the recent AI disruption of DeepSeek and how it's affecting investors, what role the Fed will be playing this year and how it all plays into Trump and his administration. What should investors be thinking about, what actions should they be taking and what should they ignore. More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ ______________________________  More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=  _____________________________ More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA's views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance.  https://www.investopedia.com/terms/s/sp500.asp

In this episode, we dive into the key financial topics shaping 2024 and beyond: ● Bitcoin's Surge: Breaking down the “Trump Bump” in cryptocurrency and what a $100K+ Bitcoin means for investors. ● AI Innovations: How AI is reshaping industries and investment opportunities—should you dive in or exercise caution? ● Market Predictions: From S&P 500 to MSCI World Index, our team makes bold predictions for the year ahead (with a dose of humor and realism). ● Election Aftermath: What the 2024 elections mean for market stability, deregulation, and global security. ● Building a Financial Plan: Avoid toxic advice and create a strategy to align your investments with your long-term goals.

In this episode of Financial Detox, host Jason Labrum and co-host Alex Klingensmith are joined by Bob Long, CEO of StepStone Private Wealth, for an insightful conversation on the role of alternative investments in today's unpredictable markets. They discuss the value of diversifying portfolios with private equity, private credit, and infrastructure, especially as traditional markets face increased volatility. Bob highlights the unique advantages of private investments, such as their potential for higher returns and enhanced diversification, making them a powerful tool for high-net-worth investors. The conversation also covers the evolution of Evergreen Funds, which give individual investors access to institutional-level opportunities without the usual complexities of private markets. Beyond finance, Bob shares his philanthropic work with Gift of Adoption and emphasizes the importance of meaningful giving. The episode concludes with key advice on partnering with fiduciary advisors to navigate complex financial landscapes and make sound investment decisions. Bob Long's Wife's Family Farm: https://www.tryonmountainfarms.com/shop Tune in for a conversation that blends personal stories with professional insights, designed to help you avoid toxic financial advice and achieve true financial peace of mind. More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ ______________________________ More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning #financial detox ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA's views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp

Welcome to a special episode celebrating 15 years of IDA Wealth!

Welcome to Financial Detox with your hosts, Jason Labrum and Alex Klingensmith. In this episode, we dive deep into the current financial landscape, discussing the importance of detoxifying your financial life and managing your wealth for maximum impact. From understanding market volatility and the fragility of global markets to the intricacies of the Japan carry trade, we cover it all. We also explore the effects of geopolitical turmoil, such as the potential implications of rising interest rates in Japan and the ongoing tensions between China, Iran, and the US. Learn why staying the course and avoiding panic during turbulent times is crucial for long-term financial success. Join us as we delve into: • Market volatility and its implications • The importance of being financially detoxified • Analyzing global market trends and investor sentiment • Strategies for managing wealth in uncertain times Source: https://www.ftportfolios.com/Retail/Commentary/CommentaryArchiveList.aspx?CommentaryTypeCode=CRKINVT&CommentaryCategoryCode=INSIGHTS_COMMENTARY More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/  ______________________________ More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA's views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp

In this special episode, Jason Labrum and Alex Klingon Smith tackle the shocking news of an assassination attempt on former President Donald Trump and discuss its potential implications on the financial markets and your investments. Join us as we delve into: The attempted assassination on Trump and its historical context How political turmoil affects market stability and investor confidence The importance of maintaining a disciplined investment strategy during political upheaval Practical tips for managing your wealth amid political and economic uncertainty Insights on how alternative investments can safeguard your portfolio 00:00 - Introduction to Financial Detox 00:53 - Overview of the Trump Assassination Attempt 02:14 - Historical Context of Presidential Assassinations 04:05 - The Impact of Political Events on Financial Markets 06:24 - Importance of Diversified Portfolios During Turmoil 09:49 - Market Volatility in Election Years 12:00 - Strategies for Managing Investments Amid Uncertainty 16:00 - The Role of Alternative Investments in Protecting Wealth 20:18 - Addressing Inflation and Investment Adjustments 30:10 - The Importance of Common Sense in Politics and Investments 32:51 - Closing Remarks and Call to Action More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=  Subscribe and turn on notifications so you don't miss any videos from Financial Detox:   https://youtu.be/o0BzlQxatVE More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning  Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA's views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.

In this special 40-minute episode, of Financial Detox® Jason Labrum and Co-hosts Alex Klingensmith team up with Brian Raftery, a partner in Dentons' Trusts, Estates and Wealth Preservation practice and currently serves as co-leader of the US Region. Together, they tackle the ins and outs of estate planning with precision and expertise. Join the trio as they delve into the essential aspects of estate planning, uncovering common pitfalls and emphasizing the proactive approach needed for success. Brian sheds light on the importance of a revocable living trust and asset transfer strategies, providing listeners with invaluable insights. The discussion extends to the intricate realm of estate taxes, examining potential legislative changes and their implications for estate planning strategies. With a focus on California's unique landscape, they explore complex topics such as estate tax exemptions, foundational documents, and advanced techniques like spousal lifetime access trusts (SLATs). Additionally, the episode delves into sophisticated strategies like utilizing LLCs and discounting to optimize estate planning outcomes. 00:00 Introduction and Overview 02:14 Defining Estate Planning and Common Mistakes 05:19 The Importance of a Revocable Living Trust 07:31 Avoiding Probate and Ensuring Asset Distribution 10:22 Understanding Estate Taxes and Potential Changes 15:50 State-Specific Estate Tax Laws 19:35 Foundational Estate Planning Documents 21:38 Potential Changes to Estate Tax Exemptions 23:24 Spousal Lifetime Access Trusts (SLATs) 25:06 Utilizing SLATs for Estate Planning 31:41 Maximizing Estate Tax Benefits with LLCs and Discounting 39:05 The Importance of a Comprehensive Estate Planning Team More on Financial Detox Buy the Book Subscribe and view episodes on Youtube Follow and learn more about our IDA Wealth Advisers:  Website Linkedin Instagram Facebook Youtube More on our guest Brian E. Raftery is a partner in Dentons' Trusts, Estates and Wealth Preservation practice and currently serves as co-leader of the US Region. He is also the global co-leader of the Dentons Family Office and High Net Worth sector which provides cross-practice services to family offices and high net worth individuals. He was also awarded Best Lawyers in America, Trusts and Estates in 2020-2024. #markets #financialplanning #financialdetox #Idawealthadvisers #estateplanning #revocablelivingtrust #assets #SLATs #sunsettax #gifttax #clifftax #californiaestatetax #tax #TCGA #trust        ___________________________ Disclosures

In this episode of Financial Detox® Jason Labrum joins Co-hosts Alex Klingensmith to discuss common mistakes that investors make. They emphasize the importance of asset allocation and diversification, as well as the need to avoid recency bias. They also highlight the potential risks of moving all investments to money markets and the importance of having clear expectations for different asset classes.Key Takeaways:Why Asset allocation and diversification are key to successful investing.How to Avoid recency bias and focus on long-term performance.Why moving all investments to money markets may not be the best strategy.Why having clear expectations and understanding of different asset classes is important.Why seeking out fiduciary advice is the best solution to avoid common investment mistakes. DisclosureThe Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results.Information provided reflects IDA's views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change.IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.For more financial advice connect with us@ Financial DetoxWebsiteBuy the BookYoutube Channel@ IDA WealthWebsiteLinkedinInstagramFacebookYoutube Channel

In this episode of Financial Detox® Jason Labrum joins Co-hosts Alex Klingensmith to discuss the upcoming presidential election and its potential impact on the markets. They emphasize the importance of focusing on long-term goals and not getting caught up in the noise and volatility of election cycles. They provide historical data showing that the markets have generally performed well during election years, regardless of the outcome. They also highlight the need to avoid emotional investing by thinking long-term, and the importance of working with a fiduciary advisor who can help navigate market uncertainties.Chapters00:00 Introduction and Purpose of Financial Detox00:48 The Importance of Making Better Investment Decisions03:11 The Impact of the Upcoming Election on Financial Planning06:37 The Importance of Emotional Preventative Maintenance08:09 The Unprecedented Nature of the 2020 Election11:23 The Lack of Inspiring Candidates in the Election13:08 The Influence of Social Media and Cognitive Bias14:33 The Historical Performance of Markets During Election Years16:11 The Performance of the S&P 500 During Election Years20:51 The Importance of Focusing on Personal Financial Goals22:41 The Role of a Fiduciary Wealth Advisor24:37 The Importance of Being Intentional with Time and Information Consumption27:15 The Natural Volatility of Markets and the Need for a Long-Term Perspective29:03 The Value of Seeking Professional Advice and Planning Ahead30:46 Conclusion and Wishing Happy EasterDisclosureThe Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC.  The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA's views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.For more financial advice visit our website and follow us on Linkedin, FB, and Instagram.

In this episode of Financial Detox® Jason Labrum joins Co-hosts Alex Klingensmith, and Darcy Wadsworth  to discuss various financial topics, including retirement savings, rising expenses, the importance of financial planning, and the incorporation of alternative investments. They emphasize the need for a dynamic and comprehensive financial plan that adapts to changing circumstances. Additionally, they highlight the excitement and transformative power of financial planning in helping individuals achieve their goals and live their best lives.TakeawaysBuilding a comprehensive financial plan is crucial for navigating retirement and ensuring financial security.Rising expenses and inflation can impact retirement savings and necessitate adjustments to financial plans.Incorporating alternative investments can help diversify portfolios and potentially improve risk-return profiles.Financial planning is an exciting and transformative process that can help individuals achieve their goals and live fulfilling lives.Chapters00:00 Introduction and Podcast Update03:00 Do I Have Enough Money Saved in Retirement?08:00 The Impact of Inflation and Rising Expenses18:00 The Importance of Building a Financial Plan25:00 Incorporating Alternative Investments31:00 The Excitement of Financial Planning34:00 Closing RemarksFor more financial advice visit our website and follow us on Linkedin, FB, and Instagram.

 Welcome to Financial Detox®- video addition. Financial Detox® (FD) has been podcasting for years and recently decided to add video content to our show. We hope you enjoy! Our show is geared to education of all important topics related to Wealth Management and how to maximize your wealth for TOTAL PEACE OF MIND! This week we reflect on the past year and what made IDA's clients successful. Jason Labrum (CEO of Intelligence Driven Advisers) and Co-Host Alex Klingensmith (President of Intelligence Driven Advisers) discuss the latest and hottest topics surrounding wealth management, tax planning, and financial planning. We hope you enjoy! 

 Stay Calm and Keep It Quiet: The first and most important step is to stay calm and take some time to process your win. It's tempting to share the news with everyone, but it's wise to keep it quiet initially to protect your privacy and security. Verify Your Ticket: Double and triple-check your ticket to ensure it's genuine and matches the winning numbers. Consult with professionals and the lottery authority to confirm your win. Maintain Anonymity: In many states, lottery winners have the option to remain anonymous. Consider doing this to protect your identity and minimize unwanted attention. Hire a Team of Professionals: Assemble a team of financial advisers, lawyers, and accountants who specialize in working with lottery winners. They will help you navigate the complex financial and legal aspects of your windfall. Develop a Financial Plan: Work with your financial advisers to create a comprehensive financial plan. This should include strategies for investing, budgeting, and minimizing taxes. Prioritize paying off debts and securing your financial future. Consider Lump Sum vs. Annuity: Decide whether you want to receive the winnings as a lump sum or as an annuity paid out over several years. Each has its advantages and disadvantages, so consult with your team to make the best choice for your situation. Protect Your Assets: Implement asset protection strategies to safeguard your wealth from potential lawsuits, creditors, or unforeseen circumstances. Trusts and legal structures can be helpful in this regard. Give Back: Consider making charitable donations or starting a foundation to support causes you care about. Giving back can be a meaningful way to use your newfound wealth for the greater good. Set Personal Goals: Think about your long-term goals and aspirations. Your newfound wealth can provide opportunities to pursue passions, travel, or explore new hobbies. Having a sense of purpose beyond money is essential for happiness. Stay Grounded: While your financial situation has changed dramatically, try to maintain a sense of normalcy in your life. Surround yourself with supportive friends and family who can help you stay grounded. Avoid Impulsive Decisions: Avoid making impulsive purchases or decisions in the immediate aftermath of your win. Take your time to evaluate your options and consider the long-term consequences of your choices. Plan for Generational Wealth: If you wish to leave a legacy for future generations, work with your advisors to create a plan for generational wealth transfer that minimizes taxes and maximizes benefits for your heirs.  

Welcome to Financial Detox®- video addition.  Financial Detox® (FD) has been podcasting for years and recently decided to add video content to our show.  We hope you enjoy!  This week we kick off a Summer Series on FD discussing how the idea of Financial Detox came about and what it really means to investors.  Jason Labrum (CEO of Intelligence Driven Advisers) and Co-Host Alex Klingensmith (President of Intelligence Driven Advisers) discuss the latest and hottest topics surrounding wealth management, tax planning, and financial planning.

Find us online at: Financialdetox.com            Email us at:jason@financialdetox.comCall us at: (877) 707-8889                               ____________________________________________________________________________Show Title:The Benefits of Fully Integrating Your Taxes and Wealth Management·         Who are your team of advisers?·         What a typical CPA experience is like·         What a fully integrated tax and wealth experience looks like·         Case studies of successful integrated experiences 

Show Title:What is True Financial Peace of Mind and How to Accomplish It·         What is the purpose of setting goals?·         What is the difference between “good” and “bad” goal setting?·         How to think about the various parts of your life. ·         How to evaluate your level of fulfillment in each area.·         How to prioritize them and then set SMART Goals for each area. ·         8 Actions you can take to improve your personal financial goals this year

Financial Detox is a platform to educate and clarify financial concepts that are so important to managing and preserving wealth.  Information in the financial space is ever-changing and ongoing knowledge is power when it comes to investing and managing a financial plan.  The team at Financial Detox is committed to helping individuals get better advice when it comes to their money. The world we live in today has lots of different ideas and opinions and there is conflicting information that can lead you to wrong decisions when managing your wealth.  FD has a fiduciary interest to help serve the investor NOT the advisor or company the advisor is working for. In today's episode, Alex and Jason discuss good tax planning and how critical it can be to an overall financial plan.   Also, why you should or shouldn't buy a fixed indexed annuity?  Listen to learn more!

Financial Detox presents new micro learning series today with an explanation of the Fed and raising of interest rates.  Jason Labrum and Alex Klingensmith with IDA discuss the relationship of the raising Fed rates to the markets and what investors should consider for hedging against inflation.  Let's talk about the FED.  Its very clear the our economy is in a "bear market" and these times will determine if you are successful investor or not.  The fed just raised the rate another 75 basis points yet the markets reacted by going up that particular day.   The reason the fed has raised rates is to  control inflation or slow inflation.  The US Economy has been in what is considered a  "easy monetary" policy since early 2000; lower rates, easy to borrow,  and the economy has been stimulated by these actions.  Then throw in COVD where the government flushed the economy with trillions of dollars into the system.  At the same time production of goods and supplies became limited therefore driving the costs of goods and services.  Listen to todays shows to hear what to expect and what investors can do. 

Jason and Alex kick off todays' show discussing a survey returned by Dimensional Funds that includes 13,000 investors and some of the important data that was derived from the survey.  Find out what is important to people with regards to their advisor relationships. What attributes are most valued in a Financial Advisor:1. Understand Financial Needs and Goals2. Explains financial concepts in a manner that I can understandWhat does sense of security and peace of mind mean to you:1. Not running out of money (60% responded this way)2. Being able to maintain lifestyle

In this show you will learn about:- Strategies to extract value from your business while you are building and running it- What tax strategies can you focus on to ensure that you are getting the most value out of owning your own business?- How can an accountable reimbursement plan help you and your sales teams?-What kind of company retirement plans exist to help owners extract value via retirement savings?- Strategies to position your business for selling it-What is EBOC and why does it matter?-What role does net operating income, or profitability, play in getting the best valuation?-What are acquirers looking for? How does this vary across industries?-How to navigate the next phase after business ownership

In this show you will learn about:-          Stats on Inflation:o   Inflation still dominates much of the headlines in the news. Google searches for “Inflation” are up over 100% and has dominated company conference calls by and increase of 350% for S&P 500 companies o   More than half of the total increase in CPI over the past two months has been due to used cars, rental cars, hotels, and airfare. o   These large price jumps in these small categories are due to reopening and supply chain disruptions, HOWEVER both of these are temporary o   When looking back to historical data, the last 30 years have actually experienced very little volatility in CPI and lower than average levels of inflation, (the average being 2.9% since 1926) so we should expect an increase and look at it as a sort of rebalancing. Too low of inflation can also even be a bad thing. o   One thing to point out is how everyone talks about what's been going up in price, however there are some key sectors that have actually gone down in price being health insurance, airline fares, tickets to sporting events o   Health care costs take out a large portion of most people's paychecks and this decrease in costs isn't talked about enough o   All in all, inflation is looking to be more transitory than long term with lumber prices dropping 40% in June alone-          Bondso   Why own them?o   The current status of the bond marketo   10-year Treasury yields have dropped significantly since late May, which at the time were at almost 1.75 to almost 1.2 as of late July (roughly a 30% drop) ○ This leads to the continued push and pull between Growth and Value stocks, however we maintain our barbell approach and direct exposure to Developed Market value stocks-          Real Estateo   What is causing the massive increase in prices locally?o   What are some of the best ways to incorporate real estate into your overall investment strategy given the current market conditions?-          Commodities-          Equities-          Alternative Investments

Welcome to Financial Detox, where host Jason Labrum and co-host Alex Klingensmith simplify the complex, share industry secrets and provide proven strategies designed to take you from financial insecurity to financial independence. Today’s episode begins with an introduction to Jason and Alex and how they began this podcast. The world of financial advisory can feel convoluted and overwhelming, but this show aims to educate listeners and clarify fundamental concepts that will help you achieve financial success and peace of mind. Our hosts dive right into some fascinating topics, beginning with Cryptocurrency and Blockchain technology, and how it will change the way we think of and use money over the next ten years. They discuss the role of government regulation in currency, China’s refusal to accept Bitcoin due to their inability to manipulate it as a medium of exchange, and why socialism always fails as an experiment. You’ll also hear about the importance of allowing free market capitalism to play out, having a diversified portfolio, and investing in Cryptocurrency only if you are comfortable with a higher degree of volatility.Jason and Alex then move on to the very real topic of inflation. Warren Buffett recently stated that we are seeing substantial inflation and higher prices, but Jason and Alex explain that there are ways to adjust your portfolio to prepare for this. Certain assets perform better in inflationary environments, such as inflation protected bonds, real estate, stocks, and commodities. They also break down the four main components of a proposed tax increase under the current administration: Doubling capital gains tax rate; increasing corporate tax rate; increasing state tax rate and decreasing the exemption amount; and changing or eliminating step-up in basis. They explain why increasing corporate tax rates will be prohibitive for business owners, forcing them to spend less on innovation, computers, and hiring employees. Changes in state tax will also involve an estate tax, meaning people will have to pay even more tax on their hard earned income after they pass away, leaving less than 30% for their heirs. Eliminating the step-up in basis also means that those heirs will have to pay significantly more tax on the dividends of their inheritance as time goes on. And doubling capital gains tax simply punishes people for investing, and prevents them from using those gains to invest in local businesses, create jobs, and feed more families. There are certain strategies you can use to mitigate the effects of these possible tax increases, however, so be sure to ask your advisor about incorporating these tactics into your financial plan moving forward.For more podcasts and information, visit FinancialDetox.com. You can also call  (877) 707-8889 with questions, comments, or feedback. Thank you for listening.In this show you will learn about:-Cryptocurrency and government regulation of currency-Impending inflation-Proposed tax increases under the current administrationLinks:Financial Detox website

Show Description: Jason and Alex start off the show addressing a question that has been asked by more than one private client over the past couple of weeks. Given the US National Debt equal to 28.2 Trillion and the Federal Deficit at $4.5 Trillion and tack on all the recent stimulus money and Federal spending, what will be the effects on the market in the next 12 to 18 months? The topic for today’s show is based on the Federal debt, government spending and the effects it will have on the markets. Alex shares his perspective on stimulus money and the concept that stimulus money will make its way back into the market through the purchasing of goods and services. Jason interjects with adding that the real question is when does this artificial stimulus approach end? When will the country get back to making the economy work for itself? Alex reminds Jason that pre pandemic the economy was healthy, maybe the best economy we have ever experienced. Jason adds that the unemployment rates were the lowest across all ethnicities pre pandemic. After the first commercial break Jason and Alex respond to the question with optimism and more detail, stating that the public typically does not care about the current US National Debt, more interested in how much are they able to buy and spend. So, stimulus money will be positive in the short term. However, at some point taxes will have to increase. Jason and Alex spend some time discussing taxes and who pays for what currently and the effects it is having on further dividing our country. Will the current tax structure work to reduce the deficit?  Jason brings up the question where is the government getting money? Besides printing money and with interest rates at all-time lows will servicing the existing debt become an issue. Alex adds that if the government becomes crippled by debt service it will hurt us in other ways. Things that we rely on the government to maintain like infrastructures, national defense, and education.  If the government can borrow money at an incredibly low rate of 1.7% for 10 years, should they borrow a bunch of money and invest it ways to grow a higher rate of return. Alex responds that yes; with the first part of stimulus money, it is a bet on the people. A bet that the people will spend, and companies will invest, increasing the GDP growth. Jason brings to the conversation that free money tends to create laziness amongst many, further debilitating strong work ethic within the U.S.Jason and Alex close the question and show with a strong Intelligence Driven Advisers belief that trying to predict or time the market does not work. Creating a globally diversified investment portfolio that is designed to weather changes within the economy and other unknown events is the best solution to continued success with capital market investing.  In this show you will learn about:- Government Spending- Interest Rates- Investment Diversification

Show Description: Jason and Alex started the show by taking a step back and reminding listeners and themselves why IDA’s team does not pick individual stocks and try to time the market. There are always unpredictable events that will happen with individual companies, such as Cox communication’s internet going down for multiple days unexpectedly. One of the biggest questions that clients and prospective clients have been asking is “What are you going to do to fight back against inflation?” Jason explained one of the main reasons that people are getting nervous about inflation is because the 10-year Treasury yield rose from approximately 0.5% up to around 1.7% in just a few months. Jason and Alex discussed the amount of debt in the U.S. that has grown to over $28 Trillion after the latest stimulus package. They explained how inflation is a general increase in prices and a fall in the purchasing value of money. A few examples of items that would be negatively affected would be food, gas, travel, real estate, etc. Jason talked about the crippling effect of shifting back to a country that is dependent upon other countries for oil and gas production, and this will really hurt the trucking industry and other workers that rely upon affordable gas prices to provide for their families at a sustainable level.  Alex asked a good question to find out what investments perform well during periods of higher inflation. This is a crucial aspect of the financial planning process to ensure IDA’s clients are able to keep pace with the purchasing power through the strategic allocation of their investment strategy. Jason explained how gold and broad commodities, natural resources, hard (tangible) assets such as real estate, and certain types of inflation protected bonds historically have performed much better during inflationary periods. Jason even touched on Bitcoin or cryptocurrencies in general being a good potential inflationary hedge in the coming years. This is still a speculative asset class to an extent, but it could become a more important piece of the overall portfolio in the near future. Jason also explained that now more than ever it is crucial to be careful with the types of bonds to own because we have been in a great 40-year period of bond performance while interest rates have been coming down and have remained low historically. Alex and Jason talked about the importance of not only being well diversified on the stock side of the portfolio, but also being well diversified on the fixed income or bond side of the portfolio.They stressed the importance of meeting with a Fiduciary adviser regularly, like the ones on the IDA team, especially at a time like this, to make sure that one’s financial plan is fully on track. Alex explained how now is not the time to have a large amount of cash in a client’s portfolio if a client’s main worry or risk is inflation. In this show you will learn about:- What should investors do to prepare for inflation?- Impacts of inflation- Types of investments that thrive in an inflationary period- Stress testing an investment portfolio to prepare for inflation

Show Description: Jason kicks off the show with giving an overview of when to look towards the topic to today’s discussion, alternatives. Alternative Investments become a viable option for investing when the public markets start to look too high, and questions arise as to how long this market run up can continue. Alex joins the discussion with stating the reality for most, alternatives are difficult and can continue to stump even the most astute investors. So, Alex opens the discussion with a question for Jason; Who should look to alternatives as an investment vehicle and who should not? Jason responds with clarifying first, what alternative investments are. It is an investment that is not available in the traditional marketplace with traditional liquidity. Traditional meaning publicly traded stocks, bonds, cash, and CDs. Alex reminds listeners that our core investment philosophy at Intelligence Driven Advisers is based on investing in efficient markets, stocks, and bonds. So, Alex reiterates to Jason when do we dabble in alternatives and how do we do that with conviction? Alex confirms with Jason that alternatives are inefficient markets. Inefficient markets are defined as an investment opportunity where you are potentially able to capitalize on the inefficiencies of an investment. Jason adds, finding value where others do not and reminds listeners that with traditional investing, we at IDA believe that the markets are basically efficient, meaning that the price you pay for stock in a publicly traded company is fairly priced. After the break, Jason begins to answer Alex’s question as to why and when to use alternatives in a portfolio by describing non-correlated investments that have desirable return characteristics and how they add diversification to a correlated portfolio.  Shifting the efficient frontier. When to invest in alternatives tends to be hinged on government regulations. Alternative investments have investor qualification requirements based on the nature of the investment. For some alternative investments there is an accredited investor requirement and for “most” alternative investments there is a qualified investor requirement. To be a qualified investor, one must have 5 million dollars of investable assets not including your primary home.  Many alternative investments are illiquid for an extended period where you cannot gain access to your initial investment. The regulations are in place to protect the public. Alex circles the call back to crypto currency and asks if this is a poor man’s version of alternative investing. Jason responds as yes basically and reflects on the E*TRADE commercials where the baby is buying everything with the simple click of a button and ends up losing his investments. Point being, you need to do your due diligence on any investment, especially non-publicly traded investments. Jason spends some additional minutes on crypto currency and on the due diligence he has personally done. Gives his perspective on where the future may be for an alternative currency. Private equity has been a market in the alternatives space that Jason shares insight on. Stating that companies that in the past may have gone public quickly are staying as a private entity for longer than they ever had previously creating demand for private equity investors. Companies are changing ownership two even three times before going public, creating huge private equity capital gains events. Jason and Alex close this week’s show with reiterating the illiquidity of most alternatives and how important it is to be smart with your decisions do your due diligence if you plan to invest in alternatives.  In this show you will learn about:- Alternatives- Crypto Currency- Private Equity

Show Description: Jason and Alex started off the show by saying that we are not going to execute on any investment strategy or implement a philosophy unless they have a substantial amount of data to back this up. They discussed how too many investors implement an investment strategy that is driven and based off emotions, feelings, and news headlines. In an environment like we are in currently with so much uncertainty in the market, the global economy, and from an everyday life standpoint, it is easy to get wrapped up in the rapidly changing news headlines and get uneasy.Jason talked about how one of the most repeated questions that he gets from clients is “what should we do now?”. He discussed how the answer to that question never changes no matter what is going on in the world around us. People should make sure that their financial plan is comprehensive in nature with specific goals being on track, and they have a solid, diversified investment strategy in place to accomplish those goals and ride through periods of volatility and uncertainty. Jason explained how the real question people should be asking themselves is if they should hire an adviser or not. They talked about how the market has continued to go up and for a lot of individuals it seems like it is easy to make a ton of money in the stock market, when this IS NOT the case over longer periods of time. They invited listeners to send their questions to jason@financialdetox.com or call 877-707-8889, and they will send them the Investor Behavior Study. Also, we will conduct an initial complimentary discovery meeting to answer some initial questions, find out about IDA’s comprehensive range of services, and establish if there is a good mutual fit to accomplish their goals and objectives. They also discussed how IDA is looking to grow and has a core mission of helping as many people as possible while not letting the level of service and experience dip for existing clients. Jason did a great job comparing a story of his son saying something he should not have to a classmate and not wanting to admit it was inappropriate to a client not wanting to admit they made an emotional investment decision based on emotions or outside influences when they should not have been reactive. One of the hardest things in life is admitting that you don’t know something, or you need help with something. Our team is able to provide individuals with so much financial peace of mind when they are fully able to let go and allow us to guide them down a path to a prosperous investment experience. They explained how it will not always be smooth, but it will ultimately be successful if we stay true to an investment philosophy and a strategic process.Jason and Alex finished by talking about a client that is still suffering from the trauma of selling at the bottom back in 2008, and how it has taken years of coaching to get him back on track. The ultimate purpose of Financial Detox is to detoxify people from toxic financial guidance or news.In this show you will learn about:- Why should you hire an adviser?- How to achieve a successful investment outcome.- The importance of behavioral coaching.- The road to a peaceful investment journey.

In this show you will learn about:- GameStop Short Squeeze- Options Investing- Robinhood vs Discount Brokerages vs Wirehouses- The Nasdaq likened to a Porsche

Show Description: Today’s show starts off with Jason and Alex sharing stories about trucks and the potential benefits of depreciating company vehicles warming into the topic for discussion. Tax Planning.Jason begins the discussion by reminding listeners that now is the right time to start tax planning for 2021 tax year, while you are doing your taxes for 2020. Alex adds that tax planning is one of the least enjoyable planning exercising and unfortunately most individuals are just happy to get it over with and not investigate forward planning. Alex suggests that when you are with your tax advisor completing your 2020 returns ask for a list of action items that you could have done in 2020 that would have reduced your taxable exposure. Tip #1Max out your retirement savings. Maxing out your 401(k) contribution allows you to defer taxable income. In 2021 you can defer 100% of your income up to $19,500 or 26,000 if you are 50 years or older. Individual Retirement Accounts (IRA) are also an investment vehicle not to be overlooked and can be utilized up until tax filing deadline of April 15th. Contribution limits for 2020 and 2021 in these investment vehicles are 6,000 and 7,000 for individuals 50 years old or older. Jason and Alex continue to share tax benefit options for different types of professions and businesses. Alex introduces Cash Balance and Defined Benefit Plans to the conversation and asks Jason to share his experience working with key self-employed clients on their complex business and retirement planning. Jason shares the benefits of these tax-deferred retirement vehicles and the large dollar amounts that can be deferred when tax planning is executed properly. Jason also touches on geographically relocating in retirement to reduce tax obligations. Alex chimes in sharing his experience while working with business owners and that although these retirement vehicles may be a bit intimidating and difficult to comprehend at first, it is worth checking out because it can be a huge game changer. Profit Sharing in a 401(k) is another component that is worth evaluating and utilizing if you are a business owner. Jason shares a story about a group of doctors and their experience utilizing the profit-sharing component within their group 401(k). Alex adds that the small business owner is the heartbeat of the country and like most individuals they are also looking for ways to not pay too much of their earnings toward taxes. This is a conversation worth starting up with IDA. The best tax advantaged investment vehicles available are offered to business owners. Jason adds that they are not too complex and well worth the time to understand. So please call Intelligence Driven Advisers to start a conversation. The last tax planning investment vehicle discussed is a Health Savings Account (HAS). If you have a high deductible health insurance plan you most likely are eligible to contribute to an HAS account. For 2021, maximum contribution for a family is 7200. Funded with pretax dollars and distributions eligible to be tax free if used for qualified medical expenses. This investment vehicle over a 30-year life span this will generate significant tax savings. Jason and Alex close the show with discussing some of the tax strategies that Intelligence Driven Advisers implements with all clients, specifically tax harvesting and the steps involved in properly executing this strategy. In this show you will learn about:- Individual Retirement Investment Vehicles- Tax advantaged Investment Vehicles for Business Owners- Benefits of Tax Planning

Show Description:Jason and Alex started off the show by welcoming Jim Pupillo, a Senior Wealth Adviser at IDA, who has a ton of industry experience, and specializes in providing his clients with regular Fiduciary advice pertaining to the company retirement and private wealth areas of the business. Jason discussed how the IDA investment committee spends countless hours stress testing and analyzing the asset allocation of the client portfolios to make sure that they are optimized given the current environment. Jim and Jason discussed how the rating systems for investment funds is not always the best aspect of analysis to be looking at when choosing investments.Jim discussed how you cannot just use the star rating of a mutual fund solely and then pick investments for a portfolio. There must be a comprehensive analysis done using numerous different metrics to make sure you know exactly what area of the stock and bond market that fund is targeting. He explained that this is a crucial step in building a great asset allocation. Jim explained that the ratings agencies use either returns based style analysis or holdings-based style analysis, and those are used to determine the fund attributes or factors of a specific fund. Jim also used a great analogy comparing building the appropriate investment asset allocation to building a cake, and you must have the right pure ingredients (factors), proper allocation amounts, and right mix of investments to have a well-built cake.Alex explained how it is our job as a Fiduciary investment management team to filter all the available information and investment options down through a well thought out, precise process to build our client portfolios. Jim stressed the importance of finding a professional who truly knows how to use these investment analysis tools because if they don’t it is like giving a machine gun to a toddler and hoping for a positive outcome. Jason chimed in and said that a lot of investment advisors at some of the larger firms are still constructing portfolios how they were building them back in the 90s and early 2000s, and with no care and concern for allocations to specific factors. Some examples of factors are size, value, momentum, minimum volatility, quality, and profitability, and these specific factors play a crucial role in constructing an investment portfolio. These factors allow us to extract returns from the global financial markets in a well-diversified manner to achieve the maximum risk adjusted returns for our clients.Jim and Jason explained what liability driven investing is and the process of solving for a clients required rate of return. This is so important in the financial planning process to make sure that IDA clients live a financially peacefully life.In this show you will learn about:- Importance of proper mutual fund analysis.- Role of a Fiduciary investment management team in fund analysis and information siphoning.- What is factor investing and why this is extremely important.- The importance of investing to achieve a target rate of return.

Show Description:In this episode, Jason and Alex open the show up to listener questions. Every couple months Jason and Alex collect questions from listeners, clients and firm advisers that are getting asked the most to share on the air.Question #1 - What should I expect from my portfolio if inflation happens?Inflation – Jason shares his thoughts and concerns around printing money and the growing deficit. Alex interjects stating that the government desensitized us with trillion-dollar figures. Regarding your investment, a well-diversified portfolio should contain hedges for inflation built into it. Jason continues with sharing some stories from older advisers from when he first entered the industry and thoughts from the tech bubble.Question #2 – One of the advisers in the firm, proposed a question around Crypto Currency. Is this something that we should be considering within our client’s portfolios? Jason comments, “this is a tricky one” and shares that he does own some bitcoin. Jason also, shares that there is an argument and a case for Bitcoin / Crypto Currency and Block Chain Technology. This is revolutionary technology and the process behind this technology will most likely have an impact on our day to day lives and usage of money. Alex adds that it is a purely speculative investment. Jason adds that currently, it is difficult to add bitcoin as a position within IDA client portfolios. Premiums are high within a bitcoin ETF, but eventually this will change. Jason and Alex add that as Bitcoin continues to stabilize and prove itself, you may want to put 1 or 2 percent of your portfolio toward it as a good inflation hedge.Between questions, Jason shares a new client experience. A new client to the firm that had created significant wealth over his career and is now retired. A client who had always had an advisor but had never received a comprehensive financial plan. For the first time, this investor could see the purpose of his years of investing through planning and “what if” scenarios. Jason closes this story with reminding listeners that too many investors and advisers focus only on the investments and not the planning process. The investment is only secondary to the bigger picture or financial well-being.Question #3 – Based on what the new administration seems to be focused on, what should I be looking out for? Jason responds that you must be willing to tilt your portfolio based on the global macro-economic environment. This does not mean you go in or out of the market completely. You keep your core portfolio is tact and make slight adjustments to remove where risks exist. IDA has the privilege of using a risk analyst tool that is the most sophisticated tool in the industry.Jason and Alex close the show with reminding listeners that whatever administration is in place, people with continue to use Amazon, buy cars, and participate in consumer buying. Human ingenuity will continue to prevail and if you are invested in a well-diversified portfolio you will do well. Especially if it is tied to professional management.In this show you will learn about:- Inflation Investing- Crypto Currency- Risk Analysis

Show Description:Jason and Alex reminisced on Joe Biden being inaugurated as the next President of the United States, and then signed 17 executive actions. Jason talked about there being a real problem in this country where we are being fed information and bias from a propaganda media machine. He said our country is turning more into countries like China and Venezuela, where the government only provides us with what they want us to hear. Alex and Jason talked about the importance of remaining informed as a wealth management team to make sure that our portfolios are representative of the changes in the global macroeconomic environment. Jason specifically talked about how IDA has strategic tilts in our portfolios to accomplish this and remain aligned with macroeconomic themes.Jason talked about the hypocrisy and barrage of misinformation from the mainstream media and difference of media opinions regarding the capitol riots and the “peaceful protests” that were not peaceful in fact. Jason and Alex talked about how 90% of all Americans would agree on most aspects of what they would want in life, generally speaking and politically, and there doesn’t need to be so much hatred and animosity. Alex brought up the great point of controlling what you can control, especially when it comes to investments and one’s personal relationships, because there are so many aspects of this life that we cannot control. They invited listeners to send their questions to jason@financialdetox.com or call 877-707-8889.Alex posed questions surrounding what this new presidency and shift in power means for the next four years from an investment outlook standpoint. Jason talked about how even though there is a Democratic President, House, and Senate there is still somewhat of a balance in power due to centrist leaning democrats in office that hopefully will not just say yes to any radical leaning or socialist agendas. We cannot predict the future, but Jason said that there could be some major shifts in production levels internationally versus the United States, particularly when it comes to oil and energy.Alex and Jason talked about how our firm bases all financial planning and investment recommendations on academic and historic evidence. There is consequential evidence that shows trying to guess and time the market is ultimately a fool’s errand. Our firm specializes in investment and planning strategies that are time-tested, and strategically aligned to provide clients with the most peaceful investment experience. The most important aspect of one’s financial life should be making sure that their financial plan is still on track to never run out of money for the rest of their lives while accomplishing any of their specific goals.In this show you will learn about:- The dangers of the media propaganda machine- What does a Democratic sweep mean for IDA’s investment outlook- Financial planning and investment strategies for periods of uncertainty- The importance of updating a financial plan with regularity

Jason and Alex recap some of the predictions made by strategists in 2020. If there was ever a year that we were reminded of the difficulty of making stock market predictions, it was 2020. To exemplify the difficulty of making market forecasts, we can look in the rear-view mirror at several examples of 2020 market forecasts and see how they turned out. A well-known financial publication surveyed 10 Wall Street strategists to gather their outlook, below are a few takeaways:The consensus of the strategists was that the S&P 500 would rise 4.1% in 2020, a substantial difference from the 18.4% that the index returned, despite all the headwinds faced. Even the panel’s most bullish member undershot where the S&P 500 would end up, estimating the index would rise to 3500 by year end. The strategists predicted that the 10-Year Treasury would end the year yielding 1.89%, a number more than double the 0.919%2 that we saw on December 31st. The strategists also didn’t expect the Fed to lower the federal funds rate to the level where it sits today, a target of 0% – 0.25%. The lowest range any strategist put on the rate was 1.25% - 1.50%. From a sector standpoint, 8/10 strategists were overweight financials going into 2020; the financial sector ended up being one of four sectors that experienced loses in 2020. Only two of the strategists were overweight the technology sector which ended up being the best performing sector. On the contrary, only one member of the panel was underweight energy, the sector that saw the lowest returns for the year.Another interesting highlight was that while the dramatic downturn was swift and steep, with the S&P 500 falling 33.79% from peak to trough, the recovery would be just as quick, as the index followed that up with its best 50-day period in history and returned 70.18% from March 24th through year end. Jason and Alex remind listeners that success in the market doesn’t require making accurate predictions, it requires the ability to stay in the game. An investor who is able to stay disciplined with their financial plan that their adviser sets out for them will be better off than one who constantly makes decisions based on “expert” market forecasts. Then the show gets interesting. Jason and Alex, against their better judgement and purely for entertainment purposes, attempt to make predictions about how 2021 will play out. These predictions are not meant to be investment advice in any way, shape or form. In fact the point they are making is how fun it will be to see how their predictions pan out. Fun being the objective and not meant for a successful, long term investment strategy. Enjoy the show!This information is provided for registered investment advisors and institutional investors and is not intended for public use. Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. This information is not meant to constitute investment advice, a recommendation of any securities product or investment strategy (including account type), or an offer of any services or products for sale, nor is it intended to provide a sufficient basis on which to make an investment decision. Investors should consult with a financial professional regarding their individual circumstances before making investment decisions.Past Performance is no guarantee of future results. Indices are not available for direct investment.

Today’s show kicks off with Jason and Alex introducing guest Rick Labrum, founding adviser to Intelligence Driven Advisers also Jason’s Dad and mentor. Today’s show discusses Smart Goals for 2021. Jason shares a story of how he and his boys applied a S.M.A.R.T. goal to make the game of golf more enjoyable for young players.Using the acronym S.M.A.R.T. to help define a goal.Specific (simple, sensible, significant).Measurable (meaningful, motivating).Achievable (agreed, attainable).Relevant (reasonable, realistic, and resourced, results-based).Time bound (time-based, time limited, tie/cost limited, timely, time-sensitive).After briefly describing the smart goals acronym and how it can be used to structure a goal, Jason and Alex ask Rick to share his thoughts. Rick comments that, it is very structured and that you would probably be successful if you used it, but in addition, it needs to be “Exciting and Fun” and not supposed to look like work. Rick continues that with visualizing the achievement of a goal it should create excitement and the excitement is the motivator to complete the goal. Alex adds how he came up with the topic for this show and shares some of the new year initiatives that IDA has set in place for its employees. After the break, Alex ties the discussion into applying these goals towards better financial wellbeing by providing three actionable goals to ideally complete within 30 days. The thirty-day challenge. Jason interjects and reverse engineers the discussion by using Rick’s earlier comments and asks the question, “Why” or what is the excitable motivator when it comes to achieving financial goals. Rick interjects that it starts with looking back and evaluating what you did last year and to create a list of things that you would like to improve on. Jason adds that incorporating the S.M.A.R.T. acronym to all aspects of your life will provide the necessary structure to achieve success. The conversation goes further into discussing the need for goals in general and the experiences each adviser has had from goal setting reviews with clients. The show closes with presenting the listeners with three actionable goals or the thirty-day challenge:1) Build a comprehensive financial plan that takes into consideration your investments, estate, tax, insurance, cash flow, and forecasts your entire future with the key objective to never run out of money. 2) Determine your target rate of return and savings goals to accomplish your financial plan. 3) Craft and implement an investment strategy that gives you the highest probability of successfully reaching your target rate of return across your lifetime. In this show you will learn about:- S.M.A.R.T. Goals- Levels of Goal Planning- Financial Goal Recommendations

Jason and Alex kick off the show sharing stories of family and staying safe around the holidays attempting to hold on to the traditions that we all have, while recognizing the current COVID protocols. With this intro, the show segues into the “Season of Giving” a discussion around charitable giving and the benefits associated to reduce your taxable liabilities. Alex references some charitably inclined billionaires and the strategies that they have implemented to give back to society. Jason interjects that we are the most charitable country on the face of the earth and that even smaller charitable donations can and will add up. With clients, IDA has been creating family foundations that require (per the client’s wishes) a 5% donation every year to a specified non-profit charitable organization. An awesome way for them to save a little bit on tax, but truly a way to be focused on giving for years to come. There were big changes in 2020 regarding the number of deductions that you can take. The IRS moved the deductible amount to 100% of your Adjusted Gross Income (AGI), up from 60%. In addition, there is discussion around the $300 dollar “above the line” deduction if you choose the standard deductions on your tax return. Alex adds that these adjustments were, in his opinion, a smart foresight by the legislators to recognize that this year will be an incredibly difficult year for non-profit organizations given the business closures and loss of income by many. Alex asks, what can individuals do to participate in charitable giving? Jason responds, that if you are donating to a qualified 501c3 charitable organization, you are participating and will receive the tax deduction. Jason also interjects, that he is a proponent of letting people decide what to do with their money rather than imposing higher taxes. By keeping taxes low and incentivize giving, you will better help the poor and less fortunate. Jason shares his experiences of being a board member of The Boys and Girls Club and the programs the organization has been able to provide. Alex adds his experience from this year’s Boys and Girls Club Gala and the amount of generosity given. Jason closes by saying that if people are left to their own devices, many will be inclined to give. Jason and Alex recap the topics covered, creating a Family Foundation, additional deductions offered in 2020, and individual 501c3 charitable giving. Jason elaborates on how wonderful and rewarding a family foundation can be if set up correctly. Jason closes the show discussing the benefits of donating highly appreciated stock. Gifting a highly appreciated asset to a qualified charitable organization will remove the tax liability on appreciation and allow the recipient to sell the asset with no capital gain tax. Alex adds that this can also be an available benefit when taking required minimum distributions (RMD). Jason reminds the listeners that this is a great time to get with a professional adviser and incorporate a charitable aspect into your financial plan. Which may be the most rewarding legacy you can leave. In this show you will learn about:- Family Foundations- Charitable Giving 2020 Enhancements - Individual 501c3 Charitable Giving- Gifting Highly Appreciated Assets

Jason and Alex talked about our proprietary 401(k) solution called Future Ready 401(k), which is for an any person participating in a 401(k) plan. This 401(k) retirement solution would bring benefits to the participants/employees, human resources department managers, corporate owners, controllers, directors of finance, etc. They invite listeners to send their questions to jason@financialdetox.com or call 877-707-8889.Alex asked Jason what prompted him to want to create a better 401(k) experience for individuals. They explained that the Future Ready 401(k) experience is one in which all aspects of the 401(k) are bundled into one solution, so it is structed as transparent as possible and designed to make life easier for all parties involved in the 401(k) plan and corresponding processes. Jason also explained that he has been in business for about 22 years and has helped participants with all aspects of their 401(k) plans. This includes the investment selection, retirement education, contribution specifics, and plan design that is involved with the complexities of a company 401(k) plan. Jason continued to break down the main components of a 401(k) plan. This includes the adviser, who makes sure that the plan is fully on track and the investments are maximized, recordkeeper, where the participant goes to login to view their accounts, and the third-party administrator (TPA), who helps the plan with testing and other aspects of the plan. As a full time 100% Fiduciary firm, we do not receive commissions on ANY of the investments that we put our participants hard earned money into, and a lot of the 401(k) companies thrive on revenue sharing structures. In the 401(k) world, Jason explained that we navigate and make sure that we have the best, lowest cost investments for company participants to choose from, and that we provide employees with the highest level of transparency that we can. Jason explained that IDA just reached the incredible milestone of reaching $1 Billion in client assets under management (AUM). A major reason our firm has been able to reach this milestone is because we have constantly invested in the latest and greatest technology for our clients to make sure the client experience is in the top tier in the financial industry. Future Ready 401(k) is an all-inclusive solution to make the 401(k) planning/ongoing implementation processes as smooth as possible. Jason explained that IDA’s 401(k) solution is much different than a bundled solution in many ways. This is because those larger plans tend to be concentrated in that companies’ investment fund lineup, there could be several revenue sharing pricing structures in place, and the plan will typically end up with a 1-800 number customer service line where participants do not have a relationship with a lead adviser, leading to the participant being confused on the best path to retirement and improperly educated on the importance of contributing towards their retirement in the 401(k) plan.Jason and Alex also explained that Future Ready 401(k) provides investment solutions that are based off numerous factors that are tailored to a participant’s specific goals and objectives. This was built based on participants investing and contributing towards specific future goals. This is not just based off a specific retirement year how most target date funds are invested. Jason and the IDA 401(k) team have built a multi-factor approach to 401(k) investing that builds a customized investment portfolio for each participant within a 401(k) plan. This is extremely unique in the industry, and there are very few, if any, advisers that are providing innovative 401(k) solutions to their clients to provide this level of additional value.

Show Description: Jason and Alex started by talking about how this year has brought their family’s closer together with one another. There have been a lot of ups and downs this year and it has been filled with tremendous hardship for a lot of people, and much prosperity for others. Jason talked about how negativity and people having negative attitudes is at an all time high, and how it is almost trendy to talk about the doom and gloom. They invite listeners to send their questions to jason@financialdetox.com or call 877-707-8889. Jason explained that our IDA team serves a vast range of clients ranging from very high net worth clients to more mass affluent households, and we are always ready to serve new individuals with their financial goals and financial challenges. They made the joke that we work best with clients ages 1 to 100, but it is very true because we provide multi-generational wealth planning to numerous families. Alex talked about how it is very important for people not to fall asleep at the wheel during the holiday months or at the end of the year. There are several tax planning opportunities and deadlines, investment strategies, and other aspects of client’s financial plans that need to be properly attended to by year end.Alex changed the course of conversation to the hardest questions that were received throughout the year. Jason explained that the average year has about 14% volatility in U.S. Large Cap stocks from peak to trough in any given year over the span of the past 40 plus years. He also explained that markets go up and down every day, but a lot of clients had forgotten what market volatility was over the past ten years because the markets have been so strong, especially the U.S. stock markets. Alex brought up a great question that was received by a prospective client earlier in the year amidst all the market volatility. “What does your firm do when there is a once-in-a-generation event like a global pandemic.” Jason reminisced on his answer by explaining that we stick to our core investment philosophy by maintaining a well-diversified portfolio, focusing on strategic asset allocation, implementing the most sophisticated investment tax strategies, and making sure to rebalance to make sure the portfolio is aligned with a client’s financial plan. This investment philosophy is rooted in data and evidence, and it is extremely crucial not to get wrapped up in media headlines. Jason and Alex talked about the countless clients that were reaching out asking if they should get out of the market when the market was down 20-30%. As a result of all the turmoil surrounding the COVID global pandemic and its affect on the global stock market, clients were getting emotional with their investments out of well-justified fear. Alex talked about a client’s investment horizon being much longer than when they simply reach retirement. A client’s investment horizon is really the rest of their lives, so if they are planning to live into their 80s and 90s, then there will be several more periods of market volatility that they will need to be patient through. Jason responded by saying that investing is not easy, and most individuals associate risk of losing their money with volatility. In order to succeed as an investor, you have to remain disciplined and stay true to your investment philosophy. In this show you will learn about:- Lessons learned from 2020- Great questions asked from the past year- Strategies that were implemented in 2020

Show Description: This week’s show starts off with Jason and Alex sharing what they are thankful for and what IDA will be doing as a give back to the community. “Wreaths Across America” a benefit that honors past veterans, by placing holiday wreaths onto their grave sites. The employees of Intelligence Driven Advisers and their families will be placing wreaths on over 400 veteran grave sites at the Fallbrook Masonic Cemetery in Fallbrook Ca. This patriotic gesture leads the conversation into respect for our country and the sacrifices that were made for the better of mankind and the ability to practice freedom of speech. After the introduction, Jason and Alex segue into discussing what it means for a financial firm to deliver value by introducing a Delivering Value Series. This week’s show focuses on rebalancing as a value add. Jason challenges listeners to ask their current advisers how they approach rebalancing their clients’ accounts, to see if they can eloquently explain the process or even have a process in place. Jason continues to explain the basics of rebalancing by using a simplified pie chart with two assets classes only, stocks and bonds. A portfolio made up of 50% stocks and 50% bonds as the initial investment. Fast forward one year and reevaluate the weightings between stocks and bonds. In a positive stock growth year, the portfolio will be out of balance with stocks representing a higher percentage of the total portfolio, say 60%. A rebalance would be required to maintain the original intent of the portfolio (50/50). You would sell 10% of the stocks and with the proceeds buy bonds to rebalance back into a 50/50 portfolio. Alex challenges the thought by asking the question, why would you sell something that has been going up and buy something that has been performing poorly? Jason responds with how important it is to have a rebalance strategy. Yes, it may feel wrong to sell something that is performing well, but rebalancing a portfolio is a necessary ongoing task to maintain a properly balanced portfolio. It cannot be an emotional knee jerk reaction. A systematic approach is necessary and is probably worth on average 1-2% a year. Alex adds that it even ties into behavioral coaching because it can be such an emotional thing. IDA can take an unemotional approach and have processes in place, but if this were his own money, it can be difficult to make decisions to buy and sell without letting your emotions get in the way. Jason reminds the listeners that all clients at IDA have discretionary trading in place. This means the firm trades all accounts on the client’s behalf. Jason continues by giving a more in-depth explanation of IDA’s proprietary rebalancing program called Tolerance Band Rebalancing a software that looks at each individual asset class separately and sets tolerance bands based on historical returns for each asset class. To properly execute this strategy, you must have discretion on all accounts under management. Alex adds that, within the industry, most assets are still traded as non-discretion which is highly inefficient. A non-discretion trade requires an advisor to contact the account owner and receive authorization prior to executing the trade. Jason and Alex close this week’s show with wishing all listeners a Happy Thanksgiving and to be thankful for all we have here in America. Also wishing that all people reconcile their differences, whether it be politically or any other way.Please send questions to jason@financialdetox.com or call 877-707-8889.In this show you will learn about:- Rebalancing- Tolerance Band Rebalancing Strategy- Discretionary / Non-Discretionary Trading

Show Description: Jason and Alex began by saying the main purpose of the show is to help individuals steer clear of toxic advice, prevent them from making great behavioral mistakes, and helping individuals create disciplines and philosophies to think about building wealth. Jason talked about how most advisors do not do tax planning, such as tax loss harvesting in a client’s portfolio, until the end of the year, which may be too late. Many of those advisors have already missed opportunities to save their clients thousands and thousands of dollars over the span of their financial lives.They pivoted and started talking about the TRUE value that we brought to our clients back in March when we had one of the fastest selloffs in market history. It is hard to quantify in numbers the true value of bringing peace of mind to our clients during periods of economic and market distress. If a client makes one of the greatest behavioral mistakes and sells to cash at a market bottom, this is not a few hundred dollar decision, this could be in the tens, if not hundreds of thousands of dollars compounded range of a decision. They discussed that these feelings/emotions are real and justified during these periods of market uncertainty, and it is our job as advisers to be sounding boards and a voice of reason within the storm.Alex explained that we are financial coaches that lead our clients to focus on the things that we can control because there are so many aspects of this rapidly changing world that we cannot control. He also talked about the two key areas of our business that are financial planning and investment management, and even though that does not sound interesting, they are both equally important and crucial to our clients achieving financial success. The financial planning is important because it puts everything into perspective and creates a road map for client’s financial goals and objectives. On the other hand, the investment management is the strategic execution of how we invest our client’s hard-earned money, another crucial role in achieving one’s financial goals and getting to a place of peace of mind.Alex and Jason explained that taxes are an aspect of a client’s financial plan that can be controlled to an extent. They went into greater detail about what tax lost harvesting really is. Tax loss harvesting is when you have a portfolio position that went down temporarily, an example of this would be small cap stocks being down 40% or more back in March, and then you purposely sell that investment and go buy another investment that is not substantially similar to remain in that area of the market because you believe in owning it long term. You can use that loss to offset ordinary income or future/current long/short term gains. They explain how this could save large amounts of tax dollars if executed correctly year in and year out. Alex explained that here at IDA we scan for these opportunities every single day. Even though we do not trade every single day, we are looking for these opportunities regularly. Four major investment companies quantified the value of tax loss harvesting and tax sensitive asset location to be up to potentially 1.5% of additional value directed to client’s pockets. This is a huge deal and is a very important aspect of strategic asset management that is commonly missed by most advisors. They invite listeners to send their questions to jason@financialdetox.com or call 877-707-8889.In this show you will learn about:- Delivering value through tax planning/execution throughout the year- Quantifying the value that we bring as a Fiduciary Adviser- Tax loss harvesting and the strategic, controllable benefits

Show Description: Jason starts the show with stating that, “if you’ve recently sold a business, have a stock position with a lot of long-term capital gains, or thinking about selling a piece of real estate with a lot of appreciation, you need to listen to this show and pay tons of attention”. Alex chimes in stating, that this is one of those opportunities that is relatively new. Only three years old. Alex mentions the beginnings of 401(k)s and 1031 exchanges as examples. If you have a potential liquidity event coming up, you may want to pump the brakes before paying the taxes and investigate Qualified Opportunity Zone Fund (“QOZs”).Jason explains that basically, three years ago, legislation was enacted through the Tax Cuts and Jobs Act, that focuses on creating growth and job opportunities in underserved communities, into which new investments may be eligible for enhanced tax treatment. Alex adds that this is not only a tax benefit but also provides a new investment to invest in and helps our country. Jason states “Profit with a Purpose” stealing a line from Urban Communities, a real estate partner. He continues that Urban Communities purpose is to totally renovate communities and create an unbelievable lifestyle for their residents with new apartment homes, workout classes and gardens. Alex adds that energy efficiency is also a big topic of this program. Jason circles back, calling out to investors who have sold a business or have a concentrated stock position with large capital gains, QOZs will give you some tax benefits. QOZs have been designated across all fifty states. Currently there are 87 hundred QOZ funds available. However, you need to be careful about who you invest with. Alex adds that there are pros and cons to this and to think about where you are investing. Typically, these are areas where no one has wanted to invest in previously. What are the benefits of this investment? Does this real estate group have a track record of adding benefit to underserved communities?Jason segue’ s into the three major tax benefits of QOZs: deferral of the recognized capital gains, reduction of capital gains, and elimination or tax-free returns on QOZ investment. He further goes into outlining the timing of investment and time periods required to gain full benefits. Alex mentions that from what he is hearing from Jason, this is not something that an individual will be reviewing on their own. A team of investment professionals will be required to execute due diligence and research on all the investment options. He adds that Intelligence Driven Advisers is currently reviewing a QOZ fund that is looking to raise a billion dollars. Big players are involved in this space. Jason adds that real estate developers involved are some of the biggest companies in the country with long track records. Players like, Clarion and Related. He adds that he would ONLY invest in a company or group with a long-term track record. Alex asks for clarification, as earlier mentioned, QOZs have only been around for a short time. Alex and Jason confirm that you should look for companies that have a history in “substantial or original development”. Jason further drills down into the renovation requirements placed on the development companies. Basically, the purchase of a 20-million-dollar building will require an additional 20 million in renovation to qualify as a Qualified Opportunity Zone. Jason goes on to share his personal experience with an investment into an underserved community and how moving it was to see an area that was rundown go through gentrification. Jason continues with breaking down the potential tax benefits with giving examples based on dollar figures and how the deferrals can provide other investment opportunities. Jason closes out the show with stating, there is way too much to cover in a twenty-five-minute show, so please contact us if you have additional questions. Jason invites listene

Show Description: Jason started the show by introducing a special guest Estee Gubbay, who is a luxury travel expert with Luxurist Travel. Thomas Ohanesian, a wealth adviser on the Financial Detox team at IDA, also joined Estee and Jason in the studio. He talked about how everyone is fed up with talking about the elections and all the nonsense that is going on around the world, so it is perfect timing to pivot and talk about wealth management and bearing the fruits of hard work by traveling. Estee is a travel specialist who just wrote the exciting book Your Travel Bucket List, which will be available on Amazon. The book is a combination of a travel guide, self-development tool, and portfolio planner for travel all built into one book. Jason and Estee discussed the challenges and their experiences with writing their books, and how it is a very challenging process that takes a lot of patience over time.Estee talked about how it is the perfect time to start talking about travel again because everyone has been cooped up for so long. Thomas talked about his fortunate experience of being able to sneak in his honeymoon to Thailand and got back February 28th, which was right before the travel lockdown was in effect. Estee talked about whether or not it was safe to travel right now. She explained that it was a big, resounding YES because all the necessary safety precautions at home are the exact same precautions that you would take on a vacation or trip. The travel industry is doing everything they can to make the stay as safe and comfortable as possible, and it is almost like a private vacation when staying at most of these hotels right now.Jason talked about the mission of Financial Detox, which is to help people make smart decisions with their money while maximizing their financial lives. Estee and Jason explained how clients work so hard to earn money and achieve financial success all their lives, and they deserve to spend their money on travel, having experiences, learning about different cultures, and simply enjoying life. They agreed that it is very important to properly budget before heading on a trip, and Estee does a great job of this throughout her travel planning process. A major aspect of the financial planning process is helping clients determine their life’s purpose. Estee talked about how the experience working with her to plan travel is different than most “travel agents” because she helps clients plan for their future planning goals, just like a financial planner does.One of the major value adds that IDA brings is helping clients achieve the best financial lives they can, and typically, at the center of that conversation is talk about travel. They invite listeners to send their questions or call Estee directly at 858-381-7713 to learn more about her comprehensive travel services. For a small planning fee, Estee will help clients with every aspect of planning their next memorable trip! In this show you will learn about:- Fiduciary wealth management and bearing the fruits of hard labor through travel- Estee Gubbay’s book Your Travel Bucket List- Maximizing your financial life through experiential travel- The major role that travel budgeting and goal establishment play in a financial plan

Show Description: Jason starts this week’s show off with an introduction to special guest speaker Brian McArthur from Bridlewood Insurance Services, a Medicare Insurance Agent. Jason asks Brian to set the record straight with the timing of enrollment and the choices available. Brian takes Jason’s lead and explains that Medicare is a deadline driven industry that markets with fear to obtain your business. By age sixty-four, be prepared to receive more marketing material than you could ever imagine. Be proactive and reach out to an agent sooner than later to begin the process of learning what options will be best suited for your health insurance needs. Alex joins the conversation and reinforces the need to speak with a Medicare insurance specialist and adds that the complexities within this space are difficult to comprehend without the support of a subject matter expert. Jason continues the conversation by outlining Brian’s role as a Medicare Insurance Specialist and confirms that you cannot go direct to Medicare to purchase insurance. The purchase of this health insurance needs to go through an agent. Brian continues by stating that one of the values is understanding what the government is going to cover and not going to cover based on a client’s financial outlook. Brian adds that, while he cannot claim to be a full fiduciary as he is a commissioned insurance agent, he always works in the client’s best interest. Jason takes this moment to reiterate the basis of the show Financial Detox and the values that the show is based on. After a short commercial break, the show segues into the planning process for Medicare and the approximate fees a client can expect to pay. Brian spends a good amount of time outlining what one can expect to pay towards supplements and how the expenses can vary given annual income and one-time liquidity events. Jason reviews some of the figures mentioned to drive home the point with listeners that having an income plan and making good choices can help to manage Medicare expenses. Jason adds that so often, he sees clients and advisers approach planning for Medicare expenses as a kind of,” back of the napkin” approach. This lack of detail can create a significant short fall in retirement planning. The show continues drilling into the numbers, with Alex asking, what is the number for Medicare Inflation? With Brian’s response, the show goes into a deeper explanation of Medicare payment schedules. Jason wraps up the show with stating that Medicare is a semi complex decision in retirement that needs to be tied to your financial plan. Given the unique complexities, it is best to work with a qualified insurance agent that specializes in Medicare. Brian McArthur is who IDA uses and recommends. Jason offers to provide listeners with a complimentary investment portfolio analysis/stress test second opinion, and the opportunity to have a draft of their financial plan built out. They also invite clients to reach out for a complimentary initial introduction conversation with Clay Willits to see if there are potential benefits of further tax planning. They invite listeners to send their questions to jason@financialdetox.com or call 877-707-8889.

Show Description: Jason and Alex started by talking about quantifying how we deliver true value to our clients as Fiduciary advisers. Jason explained how numerous clients have reached out to him because they were very nervous about the market around the election. They explained how some of these behavioral mistakes are not just 1,2,3 percent negative decisions. This could result in much more than 10, 20, 30+ percent negative decisions. Jason talked about not being able to time the market in a reliable manner, and even if you get it right the first time, there are no guarantees that you will get it right the second time. It is the job of a Fiduciary adviser to tell their clients no when they want to time the market, and stand up and protect their clients. Jason explained how his clients are afraid of a Biden win or a Trump win, and the market going down. He talked about the contrarian, strategic approach of buying more stocks when the market goes down because there will be areas of the market that will be cheap and attractive from a long-term return perspective.Jason explains how people should desire to have an adviser that will be confident enough to tell them the things that they do not want to hear. This will ultimately protect them from blowing themselves up from an investment or financial planning standpoint. Jason compares this to a doctor telling someone to stop eating sugar because they are overweight and will die if they continue down this path. Some people would be offended by this approach, but most should appreciate the doctor looking out for their patient’s best interests because they truly care about their health. This is exactly how we treat our clients, while maintaining our integrity and caring attitudes.Jason and Alex discuss how there is an average drop of 14% every year when talking about peak to trough. Volatility is natural and normal and is part of investing. Sometimes it lasts for a very short period, and other times it drags on for a few years. Investing is an emotional journey that is not meant to be fun. They discuss that this can be a miserable, and investors mainly want to know that they are protected, and it will all end up okay in the end. A time horizon is extremely important when implementing the appropriate investment strategy because investing is meant to be a process over time, not based on a moment in time or a single election.One of the major pillars of investing is diversification, and they discuss how this is so important to help smooth out volatility and risk. Diversification is the best way to grow wealth over time. Jason explains that alternative investments can play an important role in a well-diversified portfolio for certain clients. Examples of these types of investments are private equity, private debt, real estate, etc. These investments are in areas of the market that are not publicly traded. There are risks associated with these types of investments, but there are a lot of positives in the private markets. They invite listeners to send their questions to jason@financialdetox.com or call 877-707-8889.In this show you will learn about:- Delivering value through intelligent asset allocation and behavioral coaching.- The negative effects of timing the market.- The hard truths that come from a Fiduciary adviser.- Alternative investments and their potential role in a well-diversified portfolio.