Ep. 222-Securing Your Legacy: Estate Planning for Generational Impact
Release Date: 06/01/2024
Tax Drag: The Silent Wealth Killer Most Investors Ignore
Financial Detox® Show
Most investors focus on performance, but far fewer focus on what they actually keep after taxes. Today, Jason and Alex break down one of the most overlooked threats to long-term wealth: tax drag. Unlike a single tax bill, tax drag quietly compounds over time, steadily eroding portfolio returns through ordinary income, capital gains, turnover, and poor asset placement. If you’ve ever heard the phrase “It’s not how much you make, it’s how much you keep,” this conversation explains exactly why that matters — and what you can do about it. Today, we walk through: 📌 What...
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Should You Be Nervous About 2026? What Smart Investors Do Now
Financial Detox® Show
Every December, investors ask the same question: “Is it still safe to stay invested, or should I move to cash?” Today, Jason & Alex break down one of the most common (and dangerous) behavioral questions investors face. With markets at or near all-time highs and uncertainty ahead in politics, global events, and the economy, it’s completely natural to feel nervous. But the data tells a very clear story, and it might surprise you. We walk through: 📌 Why market timing consistently destroys investor returns 📌 What 100+ years of bull and bear market history reveals 📌...
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6 Year-End Tax Moves That Can Save You Thousands
Financial Detox® Show
If you're a business owner, high-income earner, or someone who simply wants to stop leaving money on the table, this episode lays out six powerful year-end tax strategies you can still take advantage of before December 31. These are the moves that help reduce taxes, create long-term advantages, and bring real clarity to your financial picture. In this quick yet high-impact conversation, Jason Labrum and Alex Klingensmith break down the exact steps our clients take every December, from fully funding retirement plans and executing Roth conversions to using donor-advised funds and...
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The First 1,000 Days of Retirement – Avoid Regret & Live with Confidence
Financial Detox® Show
📅 Get your FREE Retirement Clarity Session: https://wealth.emaplan.com/ema/LeadGen/Welcome/1fe6a74e-64ab-4070-bfca-112732c0fca1 🔔 Subscribe for more expert retirement planning insights: https://www.youtube.com/@idawealth?sub_confirmation=1 🧠 Discover how to avoid toxic financial advice and plan your dream retirement today! Jason Labrum and Alex Klingensmith from IDA Wealth dive deep into one of the most critical transitions in life – the first 1,000 days of retirement. Whether you're just starting to think about retirement or already navigating life after work, this episode will...
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AI, Politics & Your Money: Are You Truly Free?
Financial Detox® Show
✅ Get Your Personalized Holistic Financial Plan Click below to start your journey toward investing well and living freely. 👉 Jason and Alex dive deep into the intersection of AI, politics, media influence, and your financial freedom. Are you making financial decisions based on truth—or sensationalism? 💬 In this episode, we cover: 🔹 The AI revolution: threat or opportunity for investors? 🔹 How media echo chambers skew your financial perspective 🔹 Why AI does matter—even for retirees 🔹 What it means to be a “political capitalist” 🔹 Escaping emotional...
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Trusts in California: Avoid Probate & Protect Assets
Financial Detox® Show
Whether you live in California or elsewhere, understanding how a trust works can protect your assets, prevent costly probate, and ensure your wishes are honored. From successor trustees to buy-sell agreements for business owners, Jason and Alex share real-life stories — some tragic, some uplifting — that illustrate why planning ahead is critical. They explain: 🔹 Why trusts matter in California and how to avoid the probate process (and its high costs) 🔹 The role of a successor trustee and how to choose the right one 🔹 How trusts can protect your family during incapacity or after...
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How to Raise Money-Smart Kids (at Any Age!)
Financial Detox® Show
Jason Labrum and Alex Klingensmith share how to align parenting strategies with financial education across the four major phases: Caretaker, Cop, Coach, and Consultant. From 529 plans to allowance systems and Roth IRAs, learn how to prepare your kids for a lifetime of smart financial decisions. Whether you have toddlers or teens, this episode gives you practical tools to raise financially empowered young adults. 📥 Download our Family Financial Stewardship Starter Kit at: 💼 Give your kids the financial foundation they need — with real-world examples, proven strategies, and a...
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AI, Investing & Risks: What Smart Money Is Doing
Financial Detox® Show
Jason Labrum and Alex Klingensmith unpack the AI-driven wealth explosion, spotlighting where the real opportunities are—and the hidden dangers investors can’t afford to ignore. 💰 With Nvidia topping $3.8 trillion and AI fueling growth across sectors, now is the time to understand the shift, adjust your portfolio, and avoid costly mistakes. 📲 Connect with us: 🌐 📧 Email: 📞 Call: (877) 707-8889 👍 Like, subscribe, and share if you're ready to detox your finances and grow your wealth the smart way. #AIInvesting #FinancialDetox #WealthManagement #PrivateEquity...
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Dry Powder: How to Invest in 2025
Financial Detox® Show
Jason Labrum and Alex Klingensmith reveal why sitting on cash in 2025 might be a costly mistake. Discover how smart investors are using financial planning tools and alternative investments to take control and create financial freedom. What You’ll Learn: • Why 💵 cash is NOT king anymore • How 🧠 long-term investing beats market timing • When 🕒 cash is actually smart — and when it’s not • What 🧰 tools help visualize your entire financial picture • How 📈 private markets may outperform traditional assets • Real-world 🧪 planning simulations that show the...
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Real Estate in 2025: Opportunity or Risk?
Financial Detox® Show
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. 👉 Whether you're already invested in real estate or just thinking about entering the market, this is a must-watch conversation on: 📉 Why commercial real estate is struggling post-COVID 📈 How single-family home prices have remained strong in hot markets like...
info_outlineIn 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
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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
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