Bite-sized financial and retirement planning guidance from David Dickens in Kansas City of CreativeOne Advisors Group. David Dickens is the President of CreativeOne Advisors Group and is a Chartered Financial Analyst (CFA®). He has more than 35 years of experience in the investment business. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group. Investment advisory services are offered through CreativeOne Wealth, LLC, a Registered Investment…
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Is $120,000 in the bank too much? And is working with two financial advisors better than relying on one? Those choices may feel cautious, but caution can still come with a cost. In the 300th episode, David answers two listener questions about idle cash, competing advice, and the hidden complexity that can build when your financial strategy is split in different directions. More money sitting is…
Many grandparents want to leave a meaningful financial legacy, but choosing the right assets to pass along isn't always as straightforward as it seems. In this episode, David explores a common estate planning question and discusses why one approach may involve additional tax and administrative considerations. He also reviews several alternative strategies families may want to consider when…
Roth IRAs can be a powerful retirement planning tool, but they come with some surprisingly confusing rules. In this episode, David breaks down the two different Roth IRA five-year rules and explains why they have almost nothing to do with each other. Learn how withdrawals are taxed, when the 10% early withdrawal penalty may apply, and why Roth conversions could create unexpected complications for…
Most people know Roth IRAs don’t normally have required minimum distributions, but things can change when someone inherits one. In this episode, David explains how inherited Roth IRA rules work, why beneficiary type matters, and when the IRS may still require distributions even from tax-free accounts. David also walks through real-world examples and highlights why beneficiary planning has become…
David tackles two listener questions from folks standing right on the doorstep of retirement. He explores how timing a large vacation and a sick-leave payout could affect taxes and savings options, and then looks at whether it makes sense to retire before Medicare kicks in, given healthcare costs and subsidies. Throughout, David discusses how the “last mile” decisions could make a difference in…
What happens when a 22-year-old suddenly inherits a significant sum with no guardrails in place? In this episode, David and Walter unpack a listener scenario involving an uncle worried about his nephew’s financial future after an unexpected inheritance. They explore the potential risks of unrestricted wealth, the possible role of trusts, and how family members or advisors can step in to provide…
What happens to your money after you’re gone isn’t always as simple as passing it down. David walks through a reality many families don’t talk about, and why planning ahead can make a meaningful difference. This isn’t just about protecting assets; it’s about protecting people. With the right structure and conversations, you can turn an inheritance into something that lasts. Here’s some of what we…
For many, the annual financial review is just a routine- show up, review the numbers, and leave. But what if that hour could be very valuable for your financial life? If you’re not leaving with clarity and confidence, you might be missing out. David explains how to turn your review into a meaningful conversation by asking the right questions, focusing on your plan, and actively participating.…
Two listener questions spark a conversation about the emotional and practical sides of retirement planning. David talks about strategies for easing back into the market after sitting on the sidelines and how retirees can think about taxes when withdrawing from IRAs, brokerage accounts, and Roth accounts. These are the kinds of questions many investors face as they transition into retirement, and…
When you hire someone to help with your money, you probably assume they’re legally required to act in your best interest. But here’s the catch: not all financial professionals are held to the same standard. In this episode, David breaks down the often-confusing distinction between brokers and fiduciaries, and why it matters for your retirement confidence. Here’s some of what we discuss in this…
