Financial Detox® Show

Securing Your Legacy: Estate Planning for Generational Impact

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 suc...

Ep. 222-Securing Your Legacy: Estate Planning for Generational Impact

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 suc...

Maximizing Returns: Avoiding Common Investor Errors

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 ...

Ep. 221- Maximizing Returns: Avoiding Common Investor Errors

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 ...

Maximizing Returns: Avoiding Common Investor Errors

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 ...

Navigating Election Year Volatility: What does history show us?

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 b...

Ep. 220-Navigating Election Year Volatility: What does history show us?

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 b...

Ep. 219-Financial Futures: Navigating Retirement and Building Wealth

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 indi...

Financial Futures: Navigating Retirement and Building Wealth

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 indi...

Ep. 218-Reflecting on 2023!

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 ...

Reflecting on 2023!

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 ...

Ep. 217-What to do if you won the $1.7 billion Powerball lottery? How to Make Good Investment Decisions

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 winner...

What to do if you won the $1.7 billion Powerball lottery? How to Make Good Investment Decisions

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 winner...

Financial Detox® Summer Series

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 su...

Ep. 216-Financial Detox® Summer Series

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 su...

Ep. 215-The Benefits of Fully Integrating Your Taxes and Wealth Management

Find us online at: Financialdetox.com Email us at:[email protected] us at: (877) 707-8889 ____________________________________________________________________________Show Title:The Benefits of Fully Integrating Your Taxes and Wealth Management· Who are your team of advisers?· &nbsp...

The Benefits of Fully Integrating Your Taxes and Wealth Management

Find us online at: Financialdetox.com Email us at:[email protected] us at: (877) 707-8889 ____________________________________________________________________________Show Title:The Benefits of Fully Integrating Your Taxes and Wealth Management· Who are your team of advisers?· &nbsp...

Ep. 214-What is True Financial Peace of Mind and How to Accomplish It?

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...

What is True Financial Peace of Mind and How to Accomplish It?

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...

Ep. 213- Reflecting on 2022

Reflecting on 2022

Good Tax Planning Defined and Why You Should Consider Alternative Investments

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 informatio...

Interest Rates are Up, What to do Next?

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 a...

Is it Time to Time the Market?

Where did the year go?

Attributes Most Valued in a Financial Advisor

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 run...

How to Maximize Your Business’s Value

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 m...

Inflation- Is it Transitory or Long Term?

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...

Cryptocurrency, Inflation and Impending Tax Increases

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 f...

What is Debt?

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...

Impacts of Inflation and How to Prepare

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?...

Alternative Investments, the Why and When

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 discuss...

Human Behavior and Patterns in Investing

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...

Options Explained and What Happened with GameStop

In this show you will learn about:- GameStop Short Squeeze- Options Investing- Robinhood vs Discount Brokerages vs Wirehouses- The Nasdaq likened to a PorscheFor more financial advice connect with us@ Financial DetoxWebsiteBuy the BookYoutube Channel@ IDA WealthWebsiteLinkedinInstagramFacebookYoutube Channel

Tax Planning and Reducing your Maximum Exposure

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 t...

Rating Systems and Target Rate of Returns

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 curr...

Inauguration and Beyond

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...

2021 Predictions

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 ...

S.M.A.R.T Goals

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 (re...

Charitable Giving and the Impact on a Financial Plan

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. Jas...

Future Ready 401(k) Style

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 [email protected] or call 877-707-8889.Alex asked Jason what prompted him to want to create a better 401(k) experie...

Questions Asked and Lessons Learned from 2020

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 jas...

Thanksgiving and Rebalancing

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 ...

Investing 101 – Tax Harvesting & Value Propositions

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 opportuniti...

Qualified Opportunity Zone Fund (“QOZs”)

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 po...

Bearing the Fruits of Proper Wealth Management Through Travel

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 traveli...

Medicare Insurance with Special Guest: Brian McArthur

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 coul...

Medicare Insurance with Special Guest: Brian McArthur

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 eve...

Investing 101- Delivering Value

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...

Investing 101- Asset Classes

Show 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...