Ep. 222-Securing Your Legacy: Estate Planning for Generational Impact
Release Date: 06/01/2024
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...
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Tax Drag: The Hidden Cost Sinking Your Financial Performance
Financial Detox® Show
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 Episode: 🔹What is Tax Drag and how it impacts long-term returns 🔹How to maximize gains with real-time Tax Loss Harvesting 🔹Tax-smart asset location: Roth vs. IRA vs. taxable accounts 🔹The 5 biggest tax mistakes investors make (and how to avoid them) 🔹Mutual funds vs ETFs: which saves more...
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Stop Overpaying Taxes! 7 Proven Strategies to Save BIG in 2025
Financial Detox® Show
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! 🎯 Whether you're a business owner, executive, or high-income earner, you'll learn the 7 key tax strategies that could help you keep more of what you earn in 2025 and beyond. The team at IDA Wealth is on a mission to demystify the tax code and empower you to avoid toxic financial advice. 🧠 What You'll Learn in This Episode ✔️ The truth about tax planning vs. tax preparation ✔️ Why waiting until April is too...
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Markets in Chaos: What Tariffs, Trump & Emotions Mean for Your Investments
Financial Detox® Show
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...
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How to Build an Estate Plan That Actually Works
Financial Detox® Show
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. 🏠 Don’t let your wealth become a burden or get lost in probate court. Learn how to create a plan that reflects your values and sets up future generations for success. If you’ve never created an estate plan, or it’s been years since your last update, this episode is a must-watch. Jason and Alex break down complex financial concepts into clear, relatable advice — all...
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All Things Markets: Tesla, Tariffs & Turmoil
Financial Detox® Show
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. 📈 What’s Inside This Episode: 🔹 The Tesla stock controversy: Elon Musk, politics, and why Tesla matters to American investors 🔹 Tariffs: Are they a threat or a benefit to the U.S....
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This ONE Tax Strategy Could Add MILLIONS to Your Retirement!
Financial Detox® Show
In this episode, we’re diving deep into Roth conversions—a game-changing tax strategy that could potentially save you millions over your lifetime. 🔍 What You’ll Learn in This Episode: ✅ How Roth conversions work and why they can be so powerful ✅ A real-life client example that added $1.5M to their portfolio ✅ The impact of tax planning on your long-term wealth ✅ How most financial advisors overlook taxes—and why that’s a costly mistake ✅ Why effective tax planning is a must-have in your financial strategy 💡 Did you know? Many investors have large IRA or 401(k)...
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AI Disruption, the Fed & Trump: What Investors Must Know in 2025!
Financial Detox® Show
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 ______________________________ More on Financial Detox: Website: Buy the Book: _____________________________ More on IDA Wealth: Website: Linkedin: Instagram: ...
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Bitcoin, AI, & Market Insights: Year-End Strategies for Financial Success
Financial Detox® Show
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...
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Maximize Your Wealth: Exploring Alternative Investments with Bob Long of StepStone Private Wealth
Financial Detox® Show
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...
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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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
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