Financial Detox® Show
227 episodes - English - Latest episode: about 2 months ago - ★★★★★ - 9 ratingsWelcome to the Financial Detox® Show—a show that’s dedicated to helping you retire with confidence. Your host, Jason Labrum is a Certified Financial Planner and Founder of Intelligence Driven Advisers. For over 20 years, he’s shown people how to steer clear of toxic advice, achieve financial peace of mind, and manage their wealth for maximum impact—and now, he wants to empower YOU to do the same! Join Jason and his co-host Alex Klingensmith every other week, as they simplify the complex, share industry secrets, and provide proven strategies that will take YOU from financial insecurity to financial independence. Topics will cover retirement planning, financial planning, estate planning, tax saving strategies, investment management, 401K, alternative investments, stocks, bonds, portfolio allocation, business strategies, business advice, and much more.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Financial Futures: Navigating Retirement and Building Wealth
March 04, 2024 20:00 - 33 minutes - 23.3 MBIn 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 individu...
Reflecting on 2023!
December 13, 2023 23:00 - 33 minutes - 23.2 MBWelcome 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 Intelli...
What to do if you won the $1.7 billion Powerball lottery? How to Make Good Investment Decisions
October 26, 2023 20:00 - 30 minutes - 20.7 MBStay 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 t...
Financial Detox® Summer Series
July 18, 2023 20:00 - 21 minutes - 15 MBWelcome 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 ma...
The Benefits of Fully Integrating Your Taxes and Wealth Management
February 28, 2023 01:00 - 28 minutes - 19.7 MBFind us online at: Financialdetox.com Email us at:[email protected] Call 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 succ...
What is True Financial Peace of Mind and How to Accomplish It?
January 23, 2023 20:00 - 29 minutes - 20 MBShow 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 For more f...
Reflecting on 2022
December 27, 2022 23:00 - 30 minutes - 21 MBFor more financial advice visit our website and follow us on Linkedin, FB, and Instagram.
Good Tax Planning Defined and Why You Should Consider Alternative Investments
September 12, 2022 16:00 - 42 minutes - 29 MBFinancial 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 ca...
Interest Rates are Up, What to do Next?
August 01, 2022 19:00 - 23 minutes - 16.5 MBFinancial 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 p...
Is it Time to Time the Market?
May 16, 2022 18:00 - 41 minutes - 28.7 MBFor more financial advice visit our website and follow us on Linkedin, FB, and Instagram.
Where did the year go?
January 12, 2022 18:00 - 32 minutes - 22.4 MBFor more financial advice visit our website and follow us on Linkedin, FB, and Instagram.
Attributes Most Valued in a Financial Advisor
October 26, 2021 00:00 - 25 minutes - 17.6 MBJason 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 Goals 2. Explains financial concepts in a manner that I can understand What does sense of security and peace of mind mean to you: 1. Not ...
How to Maximize Your Business’s Value
August 30, 2021 16:00 - 34 minutes - 23.7 MBIn 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 d...
Inflation- Is it Transitory or Long Term?
July 27, 2021 16:00 - 42 minutes - 29.1 MBIn 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 c...
Cryptocurrency, Inflation and Impending Tax Increases
May 24, 2021 21:00 - 43 minutes - 30.1 MBWelcome 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 ...
What is Debt?
April 13, 2021 17:00 - 25 minutes - 17.4 MBShow 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 m...
Impacts of Inflation and How to Prepare
April 01, 2021 19:00 - 25 minutes - 17.7 MBShow 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?” ...
Alternative Investments, the Why and When
April 01, 2021 18:00 - 26 minutes - 18.2 MBShow 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 w...
Human Behavior and Patterns in Investing
March 17, 2021 15:00 - 25 minutes - 17.4 MBShow 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, ...
Options Explained and What Happened with GameStop
March 09, 2021 20:00 - 25 minutes - 17.3 MBIn this show you will learn about: - GameStop Short Squeeze - Options Investing - Robinhood vs Discount Brokerages vs Wirehouses - The Nasdaq likened to a Porsche For more financial advice visit our website and follow us on Linkedin, FB, and Instagram.
Tax Planning and Reducing your Maximum Exposure
February 25, 2021 20:00 - 25 minutes - 17.7 MBShow 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 t...
Rating Systems and Target Rate of Returns
February 17, 2021 20:00 - 25 minutes - 17.4 MBShow 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 c...
Financial Detox® Listener Questions
February 05, 2021 20:00 - 25 minutes - 17.5 MBShow 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 f...
Inauguration and Beyond
January 28, 2021 16:00 - 25 minutes - 17.4 MBShow 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 remain...
2021 Predictions
January 24, 2021 14:00 - 25 minutes - 17.7 MBJason 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 t...
S.M.A.R.T Goals
January 09, 2021 15:00 - 25 minutes - 17.3 MBToday’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). R...
Charitable Giving and the Impact on a Financial Plan
January 07, 2021 17:00 - 25 minutes - 17.4 MBJason 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...
Future Ready 401(k) Style
January 05, 2021 18:00 - 25 minutes - 17.4 MBJason 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 [email protected] or call 877-707-8889. Alex asked Jason what prompted him to want to create a better 401(k) expe...
Questions Asked and Lessons Learned from 2020
December 05, 2020 16:00 - 25 minutes - 17.6 MBShow 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...
Thanksgiving and Rebalancing
December 05, 2020 15:00 - 25 minutes - 17.6 MBShow 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 in...
Investing 101 – Tax Harvesting & Value Propositions
November 28, 2020 15:00 - 25 minutes - 17.6 MBShow 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...
Qualified Opportunity Zone Fund (“QOZs”)
November 19, 2020 00:00 - 25 minutes - 17.6 MBShow 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 pote...
Bearing the Fruits of Proper Wealth Management Through Travel
November 11, 2020 23:00 - 25 minutes - 17.6 MBShow 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...
Medicare Insurance with Special Guest: Brian McArthur
November 07, 2020 19:00 - 26 minutes - 18.2 MBShow 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 eve...
Medicare Insurance with Special Guest: Brian McArthur
November 07, 2020 19:00 - 26 minutes - 18.2 MBShow 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 eve...
Investing 101- Delivering Value
October 29, 2020 16:00 - 26 minutes - 18.5 MBShow 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 i...
Investing 101
October 19, 2020 20:00 - 25 minutes - 17.3 MBShow Description: This show launches show number one of the series. “Financial Detox Investing 101”. Jason shares a recent experience while traveling with some individuals who are well versed in business but have been misinformed based on the overload of information when it comes to investing. Information that is presented in multiple mediums, none of which is pointed and direct in helping them understand what they should be doing with their accumulated wealth. Alex enters the conversati...
Investing 101- Asset Classes
October 19, 2020 20:00 - 25 minutes - 17.3 MBShow Description: This show launches show number one of the series. “Financial Detox Investing 101”. Jason shares a recent experience while traveling with some individuals who are well versed in business but have been misinformed based on the overload of information when it comes to investing. Information that is presented in multiple mediums, none of which is pointed and direct in helping them understand what they should be doing with their accumulated wealth. Alex enters the conversati...
Investing 101- Asset Class Selection
October 19, 2020 20:00 - 25 minutes - 17.3 MBShow Description: This show launches show number one of the series. “Financial Detox Investing 101”. Jason shares a recent experience while traveling with some individuals who are well versed in business but have been misinformed based on the overload of information when it comes to investing. Information that is presented in multiple mediums, none of which is pointed and direct in helping them understand what they should be doing with their accumulated wealth. Alex enters the conversati...
Conflicts of Interest in the Financial World
October 07, 2020 22:00 - 25 minutes - 17.3 MBJason and Alex started by talking about how they were excited for the 1st presidential debate, but they slowly became more and more disappointed that Trump and Biden are the best representatives that this country can offer its great citizens. Jason talks about how he was watching the debate with his wife and kids, and they had to turn it off because it was not something appropriate or positive for his young boys to be watching. Alex asked if Jason’s kids Dax -9 and Luke -11 had shared their ...
Prepping for End of Year Financial Decisions
October 02, 2020 15:00 - 25 minutes - 17.4 MBThe end of the year is near. The time is now to prep for year-end decisions. Today’s show covers topics around year-end planning and reviews the things that you have control of within your financial plan. Alex starts the show with discussing interest rates. Rates are at historic lows in terms of borrowing and you should be exploring your options to take advantage of this low rate environment. Jason shares a story about a client that he recently spoke with were it did not make financial ...
The Social Dilemma
September 24, 2020 20:00 - 25 minutes - 17.3 MBJason and Alex start the show by talking about a movie The Social Dilemma, a film first played at the Sundance Film Festival. The movie was created by a group of tech mogul executives and others members of the major social media companies. They discussed how we use social media for IDA as a business, but they are conflicted internally about whether or not social media is a good arena to share content based on how it is destroying everything good in our country right now. The average child h...
The Three Headed Hydra
September 16, 2020 21:00 - 25 minutes - 17.3 MBShow Description: Jason and Alex open the show with the analogy, as one problem goes away, new issues arise. Like a never-ending problem. Jason touches on the election and how people choose to process information. Information such as the current issues in our economy and the issues that we are facing as a society. Alex and Jason cover some of the biggest questions that are being asked by clients during these unprecedented times. Jason comments on clients wanting the firm to recognize...
Tax Efficiency and Investing
September 09, 2020 19:00 - 24 minutes - 16.8 MBIn this show, Jason and Alex talk about the importance of integrating and closing the circle of advisers for a client. It is extremely important for a financial adviser to be working with the CPA to collaborate on behalf of the client to make sure their financial lives are maximized. Clayton “Clay Willits” was a guest speaker on the show, and he is IDA’s newest member of the team and leader of IDA Tax. He got his CPA license back in 1984 in CA and has been working in public accounting, tax, ...
Financial Products- What's Best?
September 01, 2020 22:00 - 25 minutes - 17.3 MBJason Labrum opens the show with a story about a new prospective client who at the end of 2019 had 2.9M in investable assets drop to 900k within nearly nine months. After looking into what the portfolio was comprised of, is was apparent that the client had been working with a broker dealer who had sold them two highly commissionable products. The products were BDCs (Business Development Corporations) and Non-Traded REITS. A commission to the broker upwards of 15%. Alex Klingensmith adds tha...
Stress Testing and the Future
August 31, 2020 17:00 - 25 minutes - 17.3 MBIn this show, Jason and Alex talk about stress testing portfolios and how to invest for the future. This is extremely important given all the uncertainty surrounding potential election results, and the future of our economy. The main goal is to stress test client financial plans and investment strategies to truly achieve financial peace of mind. This allows investors to make good financial decisions by cleansing their financial mindsets to focus on things they can control. Alex discusses tha...
New School Factor Investing
August 20, 2020 14:00 - 25 minutes - 17.3 MBMarkets are at an almost ALL time high, there is an upcoming election and the Pandemic is still present. Jason Labrum and co-host Alex Klingensmith discuss the market and why it continues to tick up. The focus of the show today will discuss New School Factor Portfolio’s and what that means to investors. Markets are forward looking mechanisms- taking all the collective knowledge of the entire universe and the market participants who are researching, analyzing, and forecasting to get a clea...
Long Term Investing Amidst the Election
August 03, 2020 21:00 - 25 minutes - 17.4 MBIn this show Jason and Alex debunk the common perception that performance of markets is correlated to which political party is in office. They warn against misinformation out there surrounding this topic; investors may make costly mistakes when they make changes to their portfolio based on prediction of election results. They present historical data, since the S&P 500 was created, that show there is no pattern of market growth or decline according to which party is in office. Jason offers t...
The Good the Bad and the Ugly About Annuities
July 27, 2020 17:00 - 25 minutes - 17.4 MBIn this show Jason and Alex educate consumers on how to avoid the common pitfalls of annuities, and the uncommon reasons why one could be an effective part of a portfolio. They begin by warning listeners that most people who sell annuities are highly compensated for selling them, via commissions paid by the consumer. Thus, they prioritize selling them over other financial solutions. Jason offers to listeners free education about annuities via a phone conversation. Listeners can call the Fin...
The Pros, Cons and How to Implement An Annuity into Your Portfolio & Tax Planning Under the CARES Act
July 20, 2020 21:00 - 25 minutes - 17.3 MBJason and Alex commiserate with the audience on the resurgence of COVID-19 cases across the country. In a world that seems to be changing rapidly they bring the conversation back to focusing on what we can control, taxes and insurance being the focus of today’s show. They start by addressing insurance because many investors are asking about principal protection and alternative asset classes. While annuities do provide principal protection and guaranteed income for life, they explore the vari...