Financial Detox® Show
Welcome 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.
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Should You Be Nervous About 2026? What Smart Investors Do Now
12/16/2025
Should You Be Nervous About 2026? What Smart Investors Do Now
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 📌 Why behavioral mistakes are the #1 detractor of long-term wealth 📌 How often markets are positive vs negative 📌 Why endowments & family offices invest differently than the average investor 📌 What you should be doing with your portfolio before year-end 📌 How alternatives can improve risk-adjusted returns 📌 Why now is the time to get a second opinion on your strategy If you’ve been wondering whether it’s time to “jump to cash,” this episode will give you the clarity and confidence you need to make an informed, long-term-focused decision. 💬 Want a personalized review of your year-end planning? Schedule a no-cost, no-obligation consultation with our . 📺 Prefer to watch us on Learn More: – Founder, Financial Detox – Partner & Wealth Advisor, IDA Wealth 📘 by Jason Labrum IDA Wealth ___________________________ Disclosure: The information presented in this episode of Financial Detox is for educational and informational purposes only and should not be considered personalized investment, financial, tax, or legal advice. Charts, data, and illustrations are provided for general context only and are not intended to predict or guarantee future results. Certain examples may reference outcomes experienced by actual clients; however, these examples are general in nature, may not be representative, and are not a guarantee of future performance. References to having “better odds” when investing are based on historical market data showing that, over approximately the past 100 years, the S&P 500 Index experienced positive calendar-year returns in roughly 74% of years. This information reflects historical data only and does not guarantee future results. Market losses are possible in any period, and past performance is not indicative of future results. Investors cannot invest directly in an index. Charts referenced during this podcast are sourced from . Statements regarding the potential benefits of avoiding behavioral mistakes and working with an adviser are based on research suggesting that behavioral coaching and disciplined planning may improve investor outcomes relative to self-directed decision-making. This perspective is informed by multiple industry studies, including research from (1) Value of an Adviser Report | 2019 – Russell Investments; (2) Alpha, Beta, and Now…Gamma | Aug 2013 – Morningstar; (3) Putting a Value on Your Value: Quantifying Vanguard Advisor’s Alpha® | July 2022 – Vanguard; (4) Capital Sigma: The Advisor Advantage | 2019 – Envestnet; (5) Know Your Alternatives | 2019 – J.P. Morgan; and (6) Quantitative Analysis of Investor Behavior (QAIB) – DALBAR. While professional guidance and discipline may help improve the investor experience, no strategy or adviser can eliminate investment risk, guarantee outperformance, or ensure positive investment results. Actual outcomes will vary based on market conditions, investor behavior, fees, taxes, and individual circumstances. All investing involves risk, including the possible loss of principal. Tax-related strategies involve specific rules, limitations, and risks and may not be appropriate for every individual. Intelligence Driven Advisers (“IDA”) does not provide tax or legal advice; viewers should consult a qualified professional before implementing any strategy discussed. Intelligence Driven Advisers is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Please review our Form ADV and Form CRS at for additional information about our services, fees, and potential conflicts of interest.
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6 Year-End Tax Moves That Can Save You Thousands
12/05/2025
6 Year-End Tax Moves That Can Save You Thousands
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 maximizing tax-loss harvesting. Each strategy can create meaningful tax savings when implemented correctly and tailored to your financial situation. If you’ve ever wondered, “What should I be doing before year-end to avoid overpaying the IRS?” This episode is your guide. What We Cover in This Episode 📌 How fully funding retirement plans can still reduce 2024 taxable income 📌 When Roth 401(k) and Roth conversions make sense 📌 Why business owners should consider cash balance and defined benefit plans 📌 How a cost segregation analysis can put hundreds of thousands back in your pocket 📌 The right way to use Qualified Charitable Distributions (QCDs) 📌 Tax loss harvesting strategies, and the biggest mistakes to avoid 📌 Why donor-advised funds are a powerful tool for high earners and families focused on legacy Every one of these strategies becomes more effective when tailored to your goals, especially for entrepreneurs and successful professionals who want clarity and confidence in their financial decisions. 💬Book a Consultation with us Want a personalized review of your year-end planning? Schedule your free, no-obligation today and discover what’s possible with cash-flow based planning, tax strategies, and a life-first approach. 📺 Watch us on 📬 Contact Jason directly: 🌐 Learn more: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC ("IDA"), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.
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The First 1,000 Days of Retirement – Avoid Regret & Live with Confidence
09/17/2025
The First 1,000 Days of Retirement – Avoid Regret & Live with Confidence
📅 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 help you make smarter financial and emotional decisions. 💬 What You'll Learn: • The biggest emotional and psychological shifts when entering retirement • How to avoid common mistakes like under-living and overspending • The 3 core risks in retirement: 1️⃣ Sequence of Returns Risk 2️⃣ Overspending vs. Under-living 3️⃣ Tax Traps & Strategic Withdrawal Planning • How to reframe your portfolio as your new paycheck • Why having purpose is more important than just having a financial plan • Real-life stories from retirees and young professionals for inspiration • The difference between fiduciary advice and commission-based “advice” 💼 Need help with your retirement plan? Schedule your free, no-obligation Retirement Clarity Session today and discover what’s possible with cash-flow based planning, tax strategies, and a life-first approach. 👉 https://wealth.emaplan.com/ema/LeadGen/Welcome/1fe6a74e-64ab-4070-bfca-112732c0fca1 🎧 Available on Spotify, Apple Podcasts, and right here on YouTube. 👍 Like, comment, and share if you found value in this episode! #FinancialDetox #RetirementPlanning #PurposefulRetirement #WealthManagement #FiduciaryAdvice #RetireSmart #First1000DaysRetirement More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-94986b7/ ______________________________ More on Financial Detox: Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC ("IDA"), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.
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AI, Politics & Your Money: Are You Truly Free?
08/21/2025
AI, Politics & Your Money: Are You Truly Free?
✅ 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 decision-making in volatile times 🔹 Jason’s Mt. Whitney climb & the real meaning of freedom 🔹 Why mindset is the true multiplier of wealth 🔹 How to create a financial plan that lets you live freely 📌 Subscribe for more real talk on wealth, mindset, freedom & smart investing. #FinancialDetox #InvestWellLiveFreely #AIandFinance #MoneyMindset #FinancialFreedom #HolisticPlanning #MediaDetox More on Jason Labrum and Alex Klingensmith ______________________________ More on Financial Detox: Buy the Book: _____________________________ More on IDA Wealth: Linkedin: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC ("IDA"), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.
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Trusts in California: Avoid Probate & Protect Assets
08/13/2025
Trusts in California: Avoid Probate & Protect Assets
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 death 🔹 Why business owners need succession plans and buy-sell agreements 🔹 The differences between a will and a trust 🔹 Common mistakes people make — and how to avoid them If you own a home, business, or any significant assets, this conversation is a must-watch. A well-crafted trust isn’t just for the wealthy — it’s a smart, practical way to safeguard your financial legacy and keep family relationships intact. 💼 Work with us: Visit to learn more about how we can help you create or update your trust, design a succession plan for your business, and manage your investments and taxes. 👍 Like, Subscribe, and Share this video if you found it helpful — and leave your questions in the comments below. #FinancialDetox #EstatePlanning #CaliforniaTrust #Probate #SuccessorTrustee #WillVsTrust #BusinessSuccession #FinancialPlanning More on Jason Labrum and Alex Klingensmith ______________________________ More on Financial Detox: Buy the Book: _____________________________ More on IDA Wealth: Linkedin: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC ("IDA"), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. Effective 2024, certain 529 plan assets may be eligible for rollover to a Roth IRA for the beneficiary, subject to IRS requirements and limitations. Specific rules apply regarding account age, contribution history, and annual/lifetime limits. Not all 529 account owners or beneficiaries will qualify. Please consult a tax professional to determine eligibility and implications based on your personal situation. For additional details, see IRS guidance:
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How to Raise Money-Smart Kids (at Any Age!)
08/04/2025
How to Raise Money-Smart Kids (at Any Age!)
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 healthy dose of optimism. 🎧 Available on Spotify, Apple Podcasts, and YouTube. #FinancialDetox #MoneyForKids #FinancialParenting #RaisingSmartKids #529Plan #AllowanceTips #InvestingForTeens More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-94986b7/ ______________________________ More on Financial Detox: Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. Effective 2024, certain 529 plan assets may be eligible for rollover to a Roth IRA for the beneficiary, subject to IRS requirements and limitations. Specific rules apply regarding account age, contribution history, and annual/lifetime limits. Not all 529 account owners or beneficiaries will qualify. Please consult a tax professional to determine eligibility and implications based on your personal situation. For additional details, see IRS guidance: https://www.irs.gov/newsroom/irs-provides-guidance-on-rollovers-from-529-plans-to-roth-iras
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AI, Investing & Risks: What Smart Money Is Doing
07/02/2025
AI, Investing & Risks: What Smart Money Is Doing
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 #StockMarket2025 #investmentrisks More on Jason Labrum More on Alex Klingensmith ______________________________ More on Financial Detox: Buy the Book: _____________________________ More on IDA Wealth: LinkedIn: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance.
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Dry Powder: How to Invest in 2025
06/23/2025
Dry Powder: How to Invest in 2025
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 difference • Steps to turn 💡 financial confusion into confident action 👉 Learn why institutions are going heavy into private markets — and how you can do the same to grow smarter and reduce risk in 2025. 📬 Contact Jason directly: Jason@financialdetox.com🌐 Learn more: https://financialdetox.com 🔔 LIKE, SUBSCRIBE, and COMMENT below with your questions! #FinancialDetox #Investing2025 #PrivateMarkets #CashStrategy #WealthPlanning #timeinthemarket More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-94986b7/ ______________________________ More on Financial Detox: Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth:Linkedin: Instagram: Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Real Estate in 2025: Opportunity or Risk?
05/12/2025
Real Estate in 2025: Opportunity or Risk?
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 Southern California 💰 What rising interest rates mean for real estate investors 🧠 How to think about asset classes within real estate 🎯 Smart strategies for buying, holding, or rebalancing real estate in your portfolio Jason and Alex don’t just talk market trends—they give actionable insights for investors looking to maximize yield, manage risk, and align real estate with long-term financial goals. 📬 Want a second opinion on your real estate holdings? Reach out to Jason directly at for a personalized analysis. 🌐 Learn more about Financial Detox: 👉 Discover how IDA can help achieve your financial goals: https://idawealth.com #RealEstate2025 #FinancialDetox #CommercialRealEstate #WealthStrategy #RealEstateInvesting More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith ______________________________ More on Financial Detox: Buy the Book: _____________________________ More on IDA Wealth: Linkedin: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Tax Drag: The Hidden Cost Sinking Your Financial Performance
05/05/2025
Tax Drag: The Hidden Cost Sinking Your Financial Performance
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 in taxes 🔹How to leverage donor-advised funds and gifting strategies 🔹Why your CPA and advisor MUST collaborate ➡️ Get a personalized second opinion on your portfolio today 👉 📧 👍 Like this episode? Subscribe and turn on notifications for more wealth-building tips! #FinancialDetox #TaxPlanning2025 #SmartInvesting #WealthBuilding #taxstrategies More on Jason Labrum and Alex Klingensmith ______________________________ More on Financial Detox: Buy the Book: _____________________________ More on IDA Wealth: Linkedin: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Stop Overpaying Taxes! 7 Proven Strategies to Save BIG in 2025
04/14/2025
Stop Overpaying Taxes! 7 Proven Strategies to Save BIG in 2025
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 late for 2024 tax savings ✔️ How to use Tax Loss Harvesting the right way ✔️ The power of rebalancing portfolios strategically ✔️ Maximizing Roth conversions and tax-deferred accounts ✔️ Smarter charitable giving strategies (like donor-advised funds) ✔️ How to review deductions, credits, and leverage your CPA relationship ✔️ Why semi-annual tax check-ins are critical for business owners 📈 Real Stories, Real Impact Jason and Alex share client stories that illustrate how proper tax planning saved real people tens — even hundreds — of thousands of dollars in taxes. Plus, learn how making one smart move today could result in millions saved over a lifetime. 📥 FREE DOWNLOAD 📄 Grab your "7 Tax Strategies Every Investor Should Know" checklist 🔗 Visit Us: 📧 Get in Touch: 📈 Work with a Fiduciary: Learn about IDA Wealth and our mission to deliver client-first investment advice. #FinancialPlanning #MarketVolatility #TariffsExplained #LongTermInvesting #fiduciaryadvisor More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith ______________________________ More on Financial Detox: Buy the Book: _____________________________ More on IDA Wealth: Linkedin: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Markets in Chaos: What Tariffs, Trump & Emotions Mean for Your Investments
04/07/2025
Markets in Chaos: What Tariffs, Trump & Emotions Mean for Your Investments
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 diversified portfolio beyond the S&P 500 and the Magnificent Seven ✅ Why investor behavior is the biggest factor in long-term returns ✅ Real-life client stories on how financial planning creates freedom 💼 Learn how to stay grounded with a solid financial plan, why fear is normal (but manageable), and how today’s headlines shouldn't derail your investment future. 🎯 Whether you’re worried about tariffs, the Fed, or your 401(k), this episode gives you actionable strategies and a refreshing dose of calm in a noisy financial world. 🔗 Visit Us: 📧 Get in Touch: 📈 Work with a Fiduciary: Learn about IDA Wealth and our mission to deliver client-first investment advice. #FinancialPlanning #MarketVolatility #TariffsExplained #LongTermInvesting #fiduciaryadvisor 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: Linkedin: Instagram: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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How to Build an Estate Plan That Actually Works
03/31/2025
How to Build an Estate Plan That Actually Works
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 from real-world experience helping clients through life’s biggest transitions. #EstatePlanning #FinancialFreedom #AvoidProbate #WealthManagement #FinancialDetox 👉 Connect with us: 📧 Jason@financialdetox.com 🌐 https://financialdetox.com More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ ______________________________ More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth:Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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All Things Markets: Tesla, Tariffs & Turmoil
03/25/2025
All Things Markets: Tesla, Tariffs & Turmoil
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. economy? 🔹 Cognitive bias & echo chambers: How social media and news shape investor behavior 🔹 Stock market valuations: Are we in bubble territory? 🔹 International vs. U.S. stocks: What’s working and what’s not in 2025 🔹 AI's role in business and finance: Threat or massive opportunity? 🔹 Real estate outlook: Are we nearing a turning point in the market? 🔹 Financial planning strategies: Stress testing your portfolio for peace of mind 🔹 Diversification pitfalls: Why the S&P 500 alone isn’t enough 🔹 Investing with clarity: How to focus on what you can control, not the noise 💡 Whether you’re an experienced investor, a federal worker facing change, or someone seeking clarity in a noisy world, this episode delivers actionable financial wisdom, behavioral insights, and clarity on how to navigate today’s volatile markets with confidence. 👉 Connect with us: 📧 🌐 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: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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This ONE Tax Strategy Could Add MILLIONS to Your Retirement!
02/23/2025
This ONE Tax Strategy Could Add MILLIONS to Your Retirement!
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) balances without a tax strategy in place—resulting in huge tax burdens later in life! We’ll show you how smart planning today can help you maximize tax-free growth and minimize unnecessary taxes. 🚀 Key Takeaways: 📈 Roth conversions can smooth out your tax burden over time 💰 You could be saving hundreds of thousands in taxes 🔄 Smart financial planning = greater long-term wealth 🤯 Most advisors ignore this crucial strategy—don’t make the same mistake! 👉 Are Roth Conversions Right for You? This strategy isn’t for everyone, but if your advisor isn’t talking to you about it, you could be missing out on significant tax savings. At Ida Wealth, we integrate CPAs and financial advisors to ensure a comprehensive tax strategy for our clients. 📞 Get Your Free Consultation! 📍 Visit IdaWealth.com 📞 Call us at (877) 707-8889 🎥 Subscribe & Like for More Expert Financial Advice! 💡 Hit the LIKE button if you found this valuable! 🔔 SUBSCRIBE for more in-depth financial strategies! #RothConversion #FinancialPlanning #TaxStrategies #WealthManagement #RetirementPlanning #FinancialDetox 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: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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AI Disruption, the Fed & Trump: What Investors Must Know in 2025!
01/31/2025
AI Disruption, the Fed & Trump: What Investors Must Know in 2025!
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: Facebook: ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Bitcoin, AI, & Market Insights: Year-End Strategies for Financial Success
12/24/2024
Bitcoin, AI, & Market Insights: Year-End Strategies for Financial Success
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 Financial Plan: Avoid toxic advice and create a strategy to align your investments with your long-term goals. 🎯 Learn how to navigate the sensationalism of media and stay focused on a sound investment philosophy that withstands short-term volatility. Hosted by IDA Wealth, this episode is packed with actionable insights on financial planning, alternative investments, cryptocurrency, and more. If you're ready to detox your finances, we’ve got you covered! 📈 Get in Touch: Visit us at FinancialDetox.com for a free, no-obligation portfolio review, or email Jason directly at . 🎄 Happy Holidays and New Year from Financial Detox! 🔔 Don’t forget to like, comment, and subscribe for more expert financial advice! #FinancialDetox #CryptoInvesting #AIInvestments #MarketInsights #Bitcoin2024 #wealthmanagement 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: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning #financial detox _____________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Maximize Your Wealth: Exploring Alternative Investments with Bob Long of StepStone Private Wealth
11/18/2024
Maximize Your Wealth: Exploring Alternative Investments with Bob Long of StepStone Private Wealth
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 investors. The conversation also covers the evolution of Evergreen Funds, which give individual investors access to institutional-level opportunities without the usual complexities of private markets. Beyond finance, Bob shares his philanthropic work with Gift of Adoption and emphasizes the importance of meaningful giving. The episode concludes with key advice on partnering with fiduciary advisors to navigate complex financial landscapes and make sound investment decisions. Bob Long's Wife's Family Farm: Tune in for a conversation that blends personal stories with professional insights, designed to help you avoid toxic financial advice and achieve true financial peace of mind. More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ ______________________________ More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning #financial detox ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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15 Years of Wealth Management: Lessons Learned and Avoiding Toxic Financial Advice
09/26/2024
15 Years of Wealth Management: Lessons Learned and Avoiding Toxic Financial Advice
Welcome to a special episode celebrating 15 years of IDA Wealth! 🎉 In this video, we dive deep into the journey of building a successful wealth management firm and reflect on the lessons learned from over 27 years in the financial industry. Co-hosts Jason Labrum and Alex Klingensmith discuss their experiences, challenges, and successes in guiding clients to avoid toxic financial advice and achieve maximum impact in managing their wealth. We touch on: • The evolution of wealth management over the past 15 years • Strategies from Jason's book, Financial Detox, that can help investors make smarter decisions • How the firm helps clients avoid common financial mistakes and provides holistic wealth management solutions • Insights on being a fiduciary and why it matters to clients’ financial success • The growing trend of independent advisory firms and the shift toward true fiduciary responsibility 🔍 Whether you're an investor, a financial advisor, or someone curious about the industry, this episode is packed with valuable insights for anyone looking to secure their financial future. More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ ______________________________ More on Financial Detox: Website: Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Website: Linkedin: Instagram: Facebook: #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. #WealthManagement #FinancialDetox #Investing #Fiduciary #FinanceJourney #FinancialAdvisor #WealthBuilding #FinancialFreedom
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Is Your Wealth Prepared for Global Uncertainty?
08/19/2024
Is Your Wealth Prepared for Global Uncertainty?
Welcome to Financial Detox with your hosts, Jason Labrum and Alex Klingensmith. In this episode, we dive deep into the current financial landscape, discussing the importance of detoxifying your financial life and managing your wealth for maximum impact. From understanding market volatility and the fragility of global markets to the intricacies of the Japan carry trade, we cover it all. We also explore the effects of geopolitical turmoil, such as the potential implications of rising interest rates in Japan and the ongoing tensions between China, Iran, and the US. Learn why staying the course and avoiding panic during turbulent times is crucial for long-term financial success. Join us as we delve into: • Market volatility and its implications • The importance of being financially detoxified • Analyzing global market trends and investor sentiment • Strategies for managing wealth in uncertain times Source: More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith ______________________________ More on Financial Detox: Website: Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= _____________________________ More on IDA Wealth: Website: Linkedin: Instagram: Facebook: #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein. The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 of the largest publicly traded companies in the United States. These companies are selected based on their market capitalization, liquidity, and industry representation, making the index a broad indicator of the overall U.S. stock market and economy. The S&P 500 is widely regarded as a benchmark for the performance of the U.S. equity market, and it includes companies from a variety of industries, such as technology, healthcare, financial services, and consumer goods. The index is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index's overall performance. https://www.investopedia.com/terms/s/sp500.asp
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Let's get REAL: How Inflation, Political Divide & Assassination Attempts Affect Your Wealth
07/18/2024
Let's get REAL: How Inflation, Political Divide & Assassination Attempts Affect Your Wealth
In this special episode, Jason Labrum and Alex Klingon Smith tackle the shocking news of an assassination attempt on former President Donald Trump and discuss its potential implications on the financial markets and your investments. Join us as we delve into: The attempted assassination on Trump and its historical context How political turmoil affects market stability and investor confidence The importance of maintaining a disciplined investment strategy during political upheaval Practical tips for managing your wealth amid political and economic uncertainty Insights on how alternative investments can safeguard your portfolio 00:00 - Introduction to Financial Detox 00:53 - Overview of the Trump Assassination Attempt 02:14 - Historical Context of Presidential Assassinations 04:05 - The Impact of Political Events on Financial Markets 06:24 - Importance of Diversified Portfolios During Turmoil 09:49 - Market Volatility in Election Years 12:00 - Strategies for Managing Investments Amid Uncertainty 16:00 - The Role of Alternative Investments in Protecting Wealth 20:18 - Addressing Inflation and Investment Adjustments 30:10 - The Importance of Common Sense in Politics and Investments 32:51 - Closing Remarks and Call to Action More on Jason Labrum Alex Klingensmith More on Financial Detox: Website: Buy the Book: Subscribe and turn on notifications so you don't miss any videos from Financial Detox: More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.
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Ep. 222-Securing Your Legacy: Estate Planning for Generational Impact
06/01/2024
Ep. 222-Securing Your Legacy: Estate Planning for Generational Impact
In this special 40-minute episode, of Financial Detox® and Co-hosts team up with , a partner in ' 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 More on Buy the Subscribe and view episodes on Follow and learn more about our IDA Wealth Advisers: 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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Ep. 221- Maximizing Returns: Avoiding Common Investor Errors
05/29/2024
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 ...
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Ep. 220-Navigating Election Year Volatility: What does history show us?
04/04/2024
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...
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Ep. 219-Financial Futures: Navigating Retirement and Building Wealth
03/04/2024
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...
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Ep. 218-Reflecting on 2023!
12/13/2023
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 ...
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Ep. 217-What to do if you won the $1.7 billion Powerball lottery? How to Make Good Investment Decisions
10/26/2023
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...
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Ep. 216-Financial Detox® Summer Series
07/18/2023
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...
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Ep. 215-The Benefits of Fully Integrating Your Taxes and Wealth Management
02/28/2023
Ep. 215-The Benefits of Fully Integrating Your Taxes and Wealth Management
Find us online at: Financialdetox.com Email us at:jason@financialdetox.comCall us at: (877) 707-8889 ____________________________________________________________________________Show Title:The Benefits of Fully Integrating Your Taxes and Wealth Management· Who are your team of advisers?·  ...
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Ep. 214-What is True Financial Peace of Mind and How to Accomplish It?
01/23/2023
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...
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