Wealthy Habits Podcast
171 episodes - English - Latest episode: 5 months ago -Are there some important financial questions and considerations that you've overlooked? On this show, we want to come alongside your financial and retirement journey to help you answer those questions and experience financial success.
Dave Elizondo and Drue Kampmann are Co-Founders of True Financial Partners, serving the Quad Cities. Their goal is to provide you with great information and education to help you retire with security and comfort.
As you get closer to retirement, the money choices you make become more and more critical. So make sure you're getting proper guidance and help along the way. On the Wealthy Habits Podcast, we'll cover things like social security, taxes, income planning, investments and so much more.
Reach out if you have any questions at https://www.truefinancialpartners.com/ or by calling 563-359-8783.
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Episodes
Ep 21: How To Pick The Right Financial Advisor
November 12, 2020 10:00 - 18 minutes - 18.2 MBOn this episode of the Wealthy Habits podcast, Dave and Drue explain how to pick the right financial advisor. You might be surprised how little time people invest in this crucial process. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-21-how-to-pick-the-right-financial-advisor/ What we discuss on this show: 4:32 – How to find the right advisor 7:51 – Warning signs 10:33 – When an advisor doesn’t fit you anymore 13:50 – ...
Ep 20: Frequently Asked Questions About 401Ks
October 29, 2020 09:00 - 27 minutes - 26.6 MBMost people have a 401K or other retirement plan, but it’s not as simple as contributing money and collecting it when you retire. There are a lot of decisions you can make about investments, loans, rollovers and more. On this episode of the Wealthy Habits podcast, Dave and Drue answer some frequently asked questions about 401Ks. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-20-frequently-asked-questions-about-401ks/ What we disc...
Ep 19: What You Should Know About Wills and Trusts
October 22, 2020 09:00 - 18 minutes - 18.5 MBToday we’re talking about estate planning, specifically wills and trusts. Find out what’s right for you, how much it costs and more. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-19-what-you-should-know-about-wills-and-trusts/ What we discuss on this show: 2:20 – Why estate planning is so important 3:29 – Will or trust? 8:10 – When you might not need a will 10:05 – You don’t need a lot of assets for a trust 11:46 – Be...
Ep 18: 5 Life Events That Spark Major Financial Changes
October 15, 2020 09:00 - 19 minutes - 19.6 MBMajor life events can change the way we plan for and think about our future. Find out what five life changes are most likely to affect you financially and how you should deal with them. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-18-5-life-events-that-spark-major-financial-changes/ What we discuss on this show: 2:27 – Changing jobs 4:53 – Being fired, furloughed, or laid off 7:15 – Inheritance 11:43 – Serious medical c...
Ep 17: Best Intentions Don’t Always Lead to Good Advice
October 08, 2020 09:00 - 17 minutes - 17.5 MBFriends, family and others often have the best intentions when giving you financial advice, but beware – it’s not always a good idea to follow their lead. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-17-best-intentions-dont-always-lead-to-good-advice/ What we discuss on this show: 3:13 – Family 5:35 – Friends/coworkers 9:06 – CPAs 12:54 – Media
Ep 16: Should You Tap Into Retirement Accounts Early?
September 24, 2020 09:00 - 23 minutes - 33 MBThe COVID-19 pandemic has caused chaos and financial uncertainty for many people, but should you tap into your retirement accounts early? The government has approved different provisions that loosen some of the retirement rules, but Dave and Drue explain why it should be a last resort. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-16-should-you-tap-into-retirement-accounts-early/ What we discuss on this show: 2:07 – Up to 100,...
Ep 15: Coronavirus Impact on Financial Planning
September 17, 2020 09:00 - 21 minutes - 30.4 MBToday’s episode is all about the coronavirus. How has it affected the market so far, and what changes might lie ahead? Read more and get additional financial planning resources here: https://www.truefinancialpartners.com/ep-15-coronavirus-impact-on-financial-planning/ What we discuss on this show: 2:59 – How have things changed since March? 5:40 – Will the rest of the year be volatile? 8:00 – How clients have handled pandemic 9:42 – What adjustments can people make?...
Ep 14: Are You Getting Lost on the Way to Retirement?
September 10, 2020 09:00 - 20 minutes - 29.5 MBIt’s not uncommon to get financially sidetracked on your way to retirement. Dave and Drue explain what to do if you’re lost and how to get back on track. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-14-are-you-getting-lost-on-the-way-to-retirement/ What we discuss on this show: 2:34 – Bad tools 5:58 – Bad directions 8:39 – Not paying attention 12:48 – How to get back on track 14:12 – How to help someone who’s lost 1...
Ep 13: Pros and Cons of Having More Cash on Hand
September 03, 2020 09:00 - 16 minutes - 24.2 MBEverybody likes to have cash, but is there a time when it’s good or bad? Dave and Drue explain the pros and cons of having more cash on hand. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-13-pros-and-cons-of-having-more-cash-on-hand/ What we discuss on this episode: 2:30 – Good reasons to have cash on hand 5:07 – How much cash should I have? 6:05 – Why it’s counterproductive to have more cash on hand 7:24 – Having cash g...
Ep 12: Will Vs. Trust: What’s Right for Me?
August 27, 2020 09:00 - 17 minutes - 25.7 MBWhat’s the difference between a will and a trust, and which one should I choose? Dave and Drue explain why they are so important and which one you might need. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-12-will-vs-trust-whats-right-for-me/ On today's show: 2:31 – Difference between wills and trusts 4:25 - Three purposes of a trust 6:52 – How wills and trusts affect retirement accounts 8:04 – Who chooses wills and trus...
Ep 11: Financial Buzzwords
August 20, 2020 09:00 - 23 minutes - 33.1 MBStep into the classroom as Dave and Drue explain some financial buzzwords. How do these words impact you, and what do they mean? We'll tell you today. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-11-what-do-these-financial-buzzwords-mean/ On today's show: 3:54 – Full retirement age 7:12 – Tax deferred 14:04 – Diversification and asset allocation 16:04 – Lump sum
Ep 10: 5 Ways to Ruin Retirement
August 13, 2020 09:00 - 20 minutes - 29.9 MBYou’ve heard advice about how to improve your finances and prepare for retirement, but what about mistakes? Today, Dave and Drue share five ways you could be ruining your retirement. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-10-5-ways-to-ruin-retirement/ On today's show: 2:17 – Treating retirement as a destination 5:17 – Believing retirement will solve all your problems 7:52 – Assuming your monthly spending habits will be...
Ep 9: How to Build a Strong Financial House
August 04, 2020 16:00 - 20 minutes - 29.7 MBWhat are the steps to building a strong financial house? Dave and Drue give you step-by-step instructions to create a solid foundation and flourish with your finances. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-9-how-to-build-a-strong-financial-house/ On today's show: 2:07 – The foundation = Your income plan 5:15 – The walls = Your investment plan 9:11 – The roof = Your insurance protections 12:26 – The finishing tou...
Ep 8: Are You Clinging to False Hope for Retirement?
July 23, 2020 09:00 - 17 minutes - 25.6 MBWe often find that people are clinging to ideas or beliefs that end up giving them a false sense of hope about their retirement. That’s a very dangerous position to be in. Let’s explore some of that faulty thinking and why it leaves people underprepared for retirement. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-8-are-you-clinging-to-false-hope-for-retirement/ Today's show schedule: 0:53 – Drue and his family just returned from...
Ep 7: 5 Classic Pre-Retiree Mistakes
July 16, 2020 09:00 - 20 minutes - 29.5 MBThere are some financial planning blunders that are interesting to talk about but are quite rare in reality. On the other hand, there are some financial planning mistakes that happen far too often. Let’s talk about the mistakes so many people have made in the past it has made them “classic”. Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-7-5-classic-pre-retiree-mistakes/ Today's show schedule: 2:42 – 1st mistake: Investing at ...
Ep 6: Annuities - What You Really Need to Know
July 09, 2020 09:00 - 17 minutes - 25.4 MBThere’s a lot of confusion out there about annuities, probably because there are different types of annuities that do different things. So we’ll give you each of these types of annuities, you explain how they work and how they might be used in someone’s financial plan. Read more and get additional financial resources here: https://www.truefinancialpartners.com/3116-2/ Today's show schedule: 0:55 – How clients are handling the slow return to normal. 1:57 – What we plan to t...
Ep 5: Busting Five Social Security Myths
July 02, 2020 09:00 - 19 minutes - 28.3 MBMany people to think too far ahead when it comes to Social Security, but it’s a chunk of your income that you’ll depend on in retirement. Make sure you get it right by steering clear of these five myths about the program. Read more and get additional financial resources here: https://www.truefinancialpartners.com/podcast/ Today's show schedule: 1:45 – Myth 1: The Social Security Administration is going to help you make the best decision to when you should start your benefit. ...
Ep 4: Traditional vs. Roth IRAs
June 25, 2020 09:00 - 18 minutes - 26.9 MBDo you have a Roth IRA right now? Should you? Today we talk about the differences between a traditional and Roth IRA and how they can benefit you in the future. Get additional financial resources here: https://www.truefinancialpartners.com/podcast Timestamps: 2:04 - What is the definition of a traditional and Roth IRA? 4:45 - Why have people leaned toward the traditional account over the Roth? 6:32 - What questions should you ask regarding your options? 7:40 - How can a Roth IRA ...
Ep 3: 5 Critical Estate Planning Mistakes
June 18, 2020 09:30 - 23 minutes - 32 MBNo matter how well you’ve built your financial plan, a critical mistake along the way can ruin everything you’ve worked for. On this episode, we’ll give you five errors investors will make on their way to retirement that can cause significant damage to their portfolio. Get additional financial resources here: https://www.truefinancialpartners.com/ Today's show schedule: 1:04 – Will virtual meetings become a bigger part of the business? 3:31 – What we’re discussing today and ...
Ep 2: Finding Hidden Gems in Your Financial Portfolio
June 18, 2020 09:01 - 24 minutes - 33.4 MBIf you’re like most people, you probably have some financial accounts that you haven’t paid much attention to for a while. The statements are filed away somewhere collecting dust, but they might actually be hidden gems that could be put to much better use. Let’s talk about some of the accounts that people tend to ignore for too long. Get additional financial resources here: https://www.truefinancialpartners.com/ Today's show schedule: 1:31 – How has COVID-19 impacted the busin...
Ep 1: Getting to Know Dave & Drue
June 15, 2020 19:40 - 19 minutes - 26.5 MBWelcome to the debut episode of the Wealthy Habits podcast. Before we get rolling on financial topics and retirement planning discussion, let’s introduce you to the voices you’ll be hearing on every show. Join us as we get to know Dave Elizondo and Drue Kampmann, their business, and the goals for the podcast. Get additional financial resources here: https://www.truefinancialpartners.com/ Today's show schedule: 1:24 – What does being a financial planner mean to you? 3:12 – H...