The Financial Answer
Nathan O' Bryant
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Financial planning guidance from West Tennessee's Nathan O' Bryant.
Available episodes
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2 days ago
Discussing Dave Ramsey’s Advice
Radio talk show host turned TikTok user, Dave Ramsey, is known for doling out financial advice to a wide audience. Today, we talk through some quotes from Ramsey to see what Nathan thinks as a financial advisor. Be it investing from a place of knowledge to relying on delayed gratification to make decisions, there’s a lot we can learn from him. Ultimately though, you have to have a strategy and a plan that works for you in order to meet your financial goals. Working with a qualified financial professional to create that plan will be better than simply generic advice for the masses.
Here are the quotes we discuss today:
• “Don’t invest in anything if you can’t tell me how it works…” • “If you’re not careful, you make short-term decisions which keep you in short-term situations…” • “People that retire wealthy, it wasn’t an accident…”
For more, visit us online: http://thefinancialanswer.com
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Sep 7, 2023
The Future of Retirement in America
When we look toward the future, what’s ahead? Whether you take more of an optimistic or pessimistic view of things, it’s important to know what to expect. In this episode, we talk about what Americans may face when it comes to retiring in the years ahead. Listen in as we discuss Social Security, healthcare, tax rates and more.
Here’s what we discuss on today’s show:
* Social Security has been strong and stable. Will it continue to be?
* Healthcare is essential, but it’s expensive.
* Tax rates have the potential to change.
For more, visit us online: http://thefinancialanswer.com
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Aug 24, 2023
Bashing the Roth?
In a shocking turn of events, we’re going to spend some time bashing the Roth today. Inspired by an article we found on Yahoo Finance, Nathan shares his thoughts on a Roth. Is it really the right thing for you? Instead of basing your decisions on some one-size-fits-all financial advice, it’s important to consider your unique and personal financial situation.
Here’s what we talk about on today’s show:
* What does Nathan think about investing in a Roth?
* Are you destined for a lower tax bracket in retirement?
* Is the Roth a bad choice?
* What does the future hold with taxes?
* Is there reason to convert to a Roth?
For more, visit us online: http://thefinancialanswer.com
Check out the article here
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Aug 10, 2023
Financial Lessons From Ron Swanson
We’re back for another segment where we see what lessons we can learn from popular quotes. Join us as we delve into the world of fiction and explore the valuable financial lessons we can learn from the beloved character Ron Swanson, portrayed by Nick Offerman, in the iconic TV series “Parks and Recreation.”
Here are some key takeaways from this episode:
* Be cautious of financial advisors who may be promoting products that are not suitable for your specific needs. Just like skim milk may not be the best choice for everyone, some financial products may not be appropriate for your financial goals.
* Don't rely on hope or luck when it comes to your finances; instead, plan and prepare for various scenarios and have a well-thought-out retirement plan to avoid potential financial challenges in the future.
* Seek advice from financial advisors who can help you make informed decisions and create a tailored financial plan that aligns with your goals and risk tolerance.
For more, visit us online: http://thefinancialanswer.com
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Jul 27, 2023
Till Debt Do Us Part: Resolving Financial Tension Between Couples (Part 2)
Welcome back to part two of our discussion on resolving financial tension between couples. In this episode, we'll explore five more common areas of financial strain: emergency fund size, charitable contributions, handling inheritances, insurance needs, and financial management style. Stay tuned to learn how advisors like Nathan work to resolve conflicts in these areas as they arise.
Here’s what we’ll discuss on today’s show:
* Agreeing on a number for your savings account. (2:28)
* Being on the same page about charitable contributions. (5:11)
* Deciding what to do with an inheritance. (7:01)
* Having conversations about insurance and long-term care. (9:41)
* How will you handle financial management in retirement? (11:40)
For more, visit us online: http://thefinancialanswer.com
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Jul 13, 2023
Till Debt Do Us Part: Resolving Financial Tension Between Couples (Part 1)
Money can't buy love, but it can certainly start some spicy debates between you and your better half. In this episode, we're digging into the financial face-offs that make Monopoly fights look like child's play and exploring some money minefields that can test even the most solid relationships. Listen in as we explore how to resolve some of the most common financial sources of tension between couples.
Here’s what we’ll discuss on today’s show:
* Differing views on risk tolerance in investments. (3:19)
* Disagreeing on the best age to retire. (6:24)
* Leaving behind a legacy for your children. (8:14)
* Should we keep our home or downsize? (10:25)
* Are you on the same page about your retirement lifestyle? (12:18)
For more, visit us online: http://thefinancialanswer.com
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Jun 22, 2023
Reasons Why You Shouldn’t Invest in a 401(k)
For many people, their 401(k) is one of their main investment vehicles. While it can be a fantastic choice, today we highlight the reasons why it might not be the right fit for everyone. There are times when you might not want to invest in a 401(k) or invest as much into it.
Here are the reasons we talk through on today’s show:
* Are you worried about having enough in your retirement account? (4:25)
* If you don’t have an emergency fund, should you put money into a 401(k)? (4:56)
* If you aren’t getting a match, is it worth it? (7:44)
* If you don’t work at the company, why is your money there? (10:33)
* Do you need the money before retirement? (11:38)
For more, visit us online: http://thefinancialanswer.com
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Jun 8, 2023
Bad Money Habits That Can Spoil The Retirement Party
When you have a party, you want it to be a success! A party should be full of fun, joy, and festivity! In fact, Nathan just celebrated 20 years with his clients with a party. But what ruins a party? Things like procrastination and poor planning can be a recipe for disaster. On today’s show we talk about the bad money habits that could spoil the party that is your retirement.
Here are the bad habits we break down on today’s show:
* Ignoring your account statements. (2:32)
* Being addicted to the rise and fall of the market. (4:26)
* Procrastination on financial decisions, even simple ones. (6:28)
* Investing emotionally instead of strategically. (8:45)
* Taking unnecessary risks. (10:56)
* Living beyond your means. (12:28)
For more, visit us online: http://thefinancialanswer.com
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May 18, 2023
What Weddings and Retirement Planning Have in Common
Following the wedding of Nathan’s son, we wanted to discuss the many things retirement planning and wedding planning have in common. From financial management in the planning process to preparing for the needs and wants of multiple people, there’s a lot to think about. Everybody hopes it will be perfect, but you know that life is going to throw you curveballs. Having a plan will help you prepare and having a good mindset will help you get through the tougher times in both marriage and retirement planning.
Here’s what you’ll learn about on today’s show:
* Financial management is required for weddings and retirement. (3:29)
* The planning process involves setting goals and priorities. (6:45)
* You have to consider the needs of multiple people. (10:03)
* Both wedding and retirement planning can be stressful. (12:55)
* Both events require a giant leap of faith. (16:19)
For more, visit us online: http://thefinancialanswer.com
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May 4, 2023
Breaking Down The Commentary After Recent Bank Collapses
After a string of recent bank collapses, should we feel comfortable with having money in the banks? What safeguards have been put in place by the government to offer some protection? A lot of talking heads have weighed in on this issue recently, so we’re going to discuss some of those quotes in today’s episode. We’ll take a closer look at what happened and what strategies you might want to consider as well.
Here’s what we discuss today:
* What’s going on with the banks? (2:02)
* “This is a crisis of some banks, not a banking crisis.” (4:34)
* “If you embrace inaction in this turbulent moment, you may have it right.” (8:06)
* “Investors should avoid buying the dip.” (10:03)
* Should I spread my money out across multiple banks? (11:53)
For more, visit us online: http://thefinancialanswer.com
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Apr 20, 2023
How Age and Wisdom Impact Your Financial Planning
One of the reasons that financial planning is not a one-size-fits-all answer is that everyone’s age, goals, and experiences are different. What you needed in your 20s might look very different from what you need to do in your 50s. Today we talk through the impact both age and wisdom have when you sit down and make a financial plan with a qualified professional.
Here’s what you’ll learn on today’s show:
* Why does age matter? (1:19)
* What does wisdom mean and actually look like? (4:50)
* Should you incorporate life experiences into your plan? (7:45)
* Technology has changed our financial tools. (9:10)
* Cultural differences can change how you invest. (11:14)
For more, visit us online: http://thefinancialanswer.com
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Apr 6, 2023
The Psychology of Investing In The Wake Of Historic Market Crashes
Let’s take a little crash course on the psychology behind investing. Especially when it comes to a market crash, you’ll want to understand the lasting impact that has on the decisions you make with money. In this episode, we explore how major financial events in American history have influenced people's relationships with money and how they make investment decisions and compare this information to some recent psychological studies.
Here are some of the major events we cover on today’s show:
* The Great Depression shaped a generation. (2:22)
* Black Monday caused panic in 1987. (9:01)
* The Dotcom crash hit some right before retirement. (11:28)
* The Great Recession took many by surprise. (14:55)
* Where are we now? (18:45)
For more, visit us online: http://thefinancialanswer.com
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Mar 23, 2023
Should An Advisor Tailor A Plan To Fit Your Personality? (Part 2)
As a continuation of our last podcast episode, we’re jumping back in to discuss some more financial personality types in today’s show. Knowing your personality type and tendencies can help you be more successful and aware of your strengths and weaknesses when it comes to financial planning. The first four personalities we talked about in the previous podcast were the victim, the over-analyzer, the DIY-er, and the ostrich. On today’s show, we discuss the next four common financial personalities.
Here are the personality types we discuss in part 2:
* The silo stocker might be prepping for the worst-case scenario. (2:35)
* The odd couple may face conflicting goals. (5:06)
* The gambler likes taking risks. (8:57)
* The model citizen does everything right but still has concerns. (12:22)
For more, visit us online: http://thefinancialanswer.com
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Mar 9, 2023
Should Your Advisor Tailor A Plan To Fit Your Personality? (Part 1)
Each person has a different and unique personality. It’s part of what makes you, you! So, when it comes to your financial plan, should a financial advisor tailor the plan for your personality? On today’s show we cover part one of the different personalities to see which one you might relate to most and how an advisor can cater to that.
Here are the personalities we discuss:
* A victim personality might mean someone is nervous about their investments. (1:47)
* The overanalyzer needs help making a decision. (5:10)
* The do-it-youself-er may think they know better, until they reach retirement age. (8:35)
* The ostrich may try to hide, but that doesn’t make the problem go away. (12:26)
For more, visit us online: http://thefinancialanswer.com
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Feb 16, 2023
What’s Your Biggest Financial Fear?
Everybody has fears, so we talk about some of the biggest financial fears people face. Sometimes acknowledging the fear is the best place to start. Alongside an advisor, you can strategize how to address these fears and put your mind at ease.
Nathan shares his experience in guiding people through these fears and the decisions they can make about them.
Here are some of the most common financial fears people have:
* Running out of money. (1:44)
* Losing money to a major or long-term healthcare issue. (4:16)
* Paying more than you have to in taxes. (7:37)
* Leaving the legacy you want to leave. (9:35)
* Being forced to alter the quality of life because of inflation. (11:22)
For more, visit us online: http://thefinancialanswer.com
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Feb 2, 2023
Four Ways The SECURE Act 2.0 Might Impact You
On today’s show, Nathan goes over some of the key changes in the SECURE Act 2.0 that you’ll want to be aware of and discuss how to adjust accordingly. Make sure to talk with your financial advisor about what this means for your financial plan.
Here are some ways the Secure Act might impact you in the future:
* RMD age has changed. (1:54)
* Qualified charitable distributions can help. (4:53)
* Special catch-up contributions were added. (9:59)
* Employers can match 401(k) contributions on student loan payments. (10:21)
* 529 plans can transfer into a Roth IRA. (12:46)
* Employers can match a Roth 401(k) contribution. (18:36)
For more, visit us online: http://thefinancialanswer.com
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Jan 19, 2023
Helpful Financial Checklist For 2023
As you make your beginning of the year checklists, we have a few financial things you’ll want to add to your list. The sooner you get a handle on these yearly things, the better. Reach out to your financial advisor if you have questions or want to revisit your goals for this year and beyond.
Here’s what we discuss today on the show:
* Do you have the right tax withholdings? (2:00)
* Assess your retirement contributions. (4:39)
* Start gathering your tax documents now. (6:49)
* Touch base with your financial advisor. (8:19)
For more, visit us online: http://thefinancialanswer.com
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Jan 5, 2023
2022 in Review
Happy New Year! Before we get too far into 2023, let’s start talking about last year. We review what happened in 2022 and what kind of financial things we can learn from. Then, we consider what to do in the months to come in response. Be sure to review your financial plan and make sure you are prepared for whatever may come in the future.
Here’s what we discuss today on the show:
* Stocks and bonds dropped double digits. (3:49)
* Mortgage rates doubled. (5:59)
* Bitcoin got knocked down. (7:37)
* Gas prices and inflation caused a lot of shock. (12:02)
For more, visit us online: http://thefinancialanswer.com
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Dec 15, 2022
Naughty or Nice: Financial Advisors
Who’s ending up on the naughty list this year? Today, we talk through different scenarios financial advisors face to see who would go on the nice list and who is on the naughty list. You might be surprised by some of the answers!
Here are some of the biases you might experience:
* Naughty or nice: only one yearly meeting the same year as retirement. (2:06)
* Naughty or nice: Using asset minimums to determine who to advise. (6:21)
* Naughty or nice: Making changes without a thorough discussion with the client. (10:02)
* Naughty or nice: Providing only positive testimonials for new clients. (12:28)
* Naughty or nice: Not moving accounts without a phone call. (16:57)
For more, visit us online: http://thefinancialanswer.com
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Dec 1, 2022
Examining Your Own Investor Bias
We all have biases about our favorite and least favorite things. When it comes to investing, what biases should we be aware of? When you go to work with a financial advisor, it’s important to take in their advice and the resources available to you instead of simply letting your judgment be overly influenced by your biases. An advisor may be able to keep those biases balanced against your financial plan.
Here are some of the biases you might experience:
* Looking only for information that provides confirmation bias. (2:30)
* Loss aversion bias can make you overly fearful. (6:00)
* You might be prone to chasing a trend. (10:16)
* Self-attribution bias can overlook external factors. (15:30)
For more, visit us online: http://thefinancialanswer.com
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Nov 22, 2022
Financial Things That Are Underrated
In part two of our series, we talk about financial things that are underrated. These concepts are talked about but some may be tempted to overlook the value behind them.
But first, we also are giving out more copies of the book The Psychology of Money by Morgan Housel! Nathan really enjoyed this book with 20 different short chapters about how money affects us and wants you to get a chance to read it, too.
Here’s what we think is underrated:
* The concept of liquidity is often overlooked. (3:54)
* Make sure you’ve got predictability in your portfolio. (8:30)
* The simplicity of your plan brings peace of mind. (11:07)
For more, visit us online: http://thefinancialanswer.com
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Nov 10, 2022
Financial Things That Are Overrated
You may hear of a lot of financial things that sound good, but are they actually overrated? Over the next two shows, we’ll talk about things that are overrated and then later, underrated. When preparing for this particular episode, Nathan had the book The Psychology of Money by Morgan Housel in mind. This book of essays talks about how money messes with your mind and is an easy and enjoyable read. If this sounds like a good book for you, Nathan is giving a few away! Find out how on today’s show.
Here’s what we talk about on today’s show:
* Tax advantages can be oversold. (7:38)
* Rates of return aren’t all you want to pay attention to. (10:04)
* Commission-based investment accounts may not be right for you. (15:31)
For more, visit us online: http://thefinancialanswer.com
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Oct 20, 2022
Your Biggest Financial Assets
Your finances include a variety of different assets. Are you paying enough attention to your biggest financial assets? Make sure you have a conversation about these assets with your advisor instead of going at it alone. Take the time to include these assets in your overall financial plan and understand what part they play in your retirement.
Here’s what we talk about on today’s show:
* The three biggest financial assets you have. (1:21)
* Are you spending enough time on your 401(k)? (2:10)
* How do you view your house? (9:34)
* Social Security should not be overlooked in your plan. (14:40)
For more, visit us online: http://thefinancialanswer.com
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Oct 6, 2022
What We Can Learn from Seinfeld
Every once in a while, we all need a good laugh. So, let’s look to a famous comedian to see what we can learn about our finances. Jerry Seinfeld has a lot of content to work with, so we take some of his quotes and apply them to our financial lives. But first, we talk about the housing market, the stock market, inflation, and interest rates.
Here’s where you can find that satisfaction you crave:
* “Sometimes the road less traveled is less traveled for a reason.” (6:03)
* “It’s amazing that the amount of news that happens every day somehow fits in the newspaper.” (7:28)
* “Confidence is a fascinating commodity.” (12:47)
* “I am so busy doing nothing…” (14:27)
For more, visit us online: http://thefinancialanswer.com
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Sep 15, 2022
Can’t Get No Satisfaction... Or Can You?
Want to know the secrets to experiencing satisfaction in retirement? Believe it or not, it’s not all about having $10 million in the bank. Nathan shares five key factors that will leave you feeling satisfied and at ease about your financial plan and situation in retirement.
Here’s where you can find that satisfaction you crave:
* Having peace of mind about what’s happening with your financial plan and portfolio. (2:15)
* Knowing the who, what, why, how, and when of what’s going on with your money. (4:43)
* Diversifying your income sources in retirement. (6:15)
* Creating confidence in your investments and where you spend your money. (7:43)
* Finding security in your healthcare plan. (10:28)
* Gaining independence from the government or family assistance. (12:48)
For more, visit us online: http://thefinancialanswer.com
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Sep 1, 2022
How Money Ads Catch Your Attention
Have you been pulled in by the marketing messages behind some financial ads? We talk through the common themes and how to pick the right strategy for you.
What we discuss in this episode:
0:59 - Nathan shares about the latest change at work.
3:33 - Money ads are designed to capture your attention.
4:01 - “Invest like you’re the 1 percent.”
7:46 - “Master this course.”
10:00 - “Secure your future.”
15:22 - “Is everything crashing down?”
For more, visit us online: http://thefinancialanswer.com
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Aug 18, 2022
Financial Diseases That Plague Retirees
What kind of financial ailment might you be dealing with? Nathan talks through the different things we need to look out for and how to stay financially healthy.
What we discuss in this episode:
1:49 - What to do about acute portfolio risk-opathy?
5:19 - Suffering from old fogey’s disease?
7:44 - We all have inflation-itis.
12:27 - We can’t avoid nursing home-a-tosis.
18:54 - Uncle Sam syndrome is something no one likes.
For more, visit us online: http://thefinancialanswer.com
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Aug 4, 2022
Clearing Up Financial Myths
What financial myths have you heard and perhaps fallen for? What happens when it doesn’t work out the way you thought?
Let’s bust some financial myths today on the podcast. Whether it was true in the past or never true at all, Nathan is here to set the record straight.
Here's what we discuss on the podcast:
1:24 - Remember the TV show Mythbusters?
2:11 - Should you shifting from stocks to bonds?
5:39 - Is life insurance necessary in retirement?
6:31 - Will you need less income in retirement?
11:30 - Is financial planning easier to do because of technology?
For additional resources, visit us online: http://thefinancialanswer.com
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Jul 28, 2022
Financial Jeopardy
What is…financial Jeopardy? It’s time to play for all the points and see what financial questions Nathan can answer on today’s show.
Read more and get additional financial resources here: http://thefinancialanswer.com
Key topics in this episode:
0:56 - Let’s play some financial Jeopardy!
2:26 - This financial product has given a bad name to some of the others.
5:45 - This requires a financial advisor to put the clients’ best interest first.
9:42 - This common retirement staple is becoming scarce.
12:50 - These force retirees to drain retirement accounts.
17:14 - This financial phenomenon will eventually return.
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Jul 14, 2022
Financial Fortune Cookie Wisdom
What can you learn from that little piece of wisdom folded into a fortune cookie? We talk through some tidbits of wisdom and how it fits in your financial plan.
Read more and get additional financial resources here: http://thefinancialanswer.com
Key topics in this episode:
0:35 - Nathan recently celebrated an anniversary with a trip to the Big Apple.
3:46 - “The greatest danger could be your stupidity.”
7:10 - “Crisis is an opportunity…”
9:25 - “Accept something you cannot change…”
11:52 - “Don’t let statistics do a number on you.”
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Jun 23, 2022
Sensational Financial Headlines
Are you watching the news and starting to panic? Let’s talk through some recent financial headlines and see what you should focus on.
Read more and get additional financial resources here: http://thefinancialanswer.com
Key topics in this episode:
0:56 - Are these sensational headlines worth paying attention to?
1:47 - Are we in an economic hurricane?
3:43 - Predictions aren’t always right.
6:04 - Mortgage rates are in for a bumpy ride.
9:35 - Facing the twilight of social insurance.
14:15 - Is now the golden opportunity to buy gold?
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Jun 10, 2022
Is Conventional Wisdom Always Best?
When should you listen to conventional wisdom and when should you buck the system? Nathan talks through a few areas where conventional wisdom isn’t always what’s best for you and your unique situation.
Read more and get additional financial resources here: http://thefinancialanswer.com
Key topics in this episode:
0:28 - Nathan just returned from a trip out west!
2:40 - People like to think real estate is a good investment.
7:00 - Get rid of bad debt …or all debt?
11:19 - If investments aren’t doing well, then what?
13:49 - Retirement is a time to relax.
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May 19, 2022
Things We Don’t Consider in Retirement Planning
What do you need to plan for in retirement? Instead of burying your head in the sand, Nathan talks us through what we need to pay attention to and how to plan accordingly.
Read more and get additional financial resources here: http://thefinancialanswer.com
Listen for these key points:
0:47 - We’re kicking off the season of summer.
1:50 - The sandwich generation can be a challenge.
6:27 - Early retirement still needs a plan.
12:19 - What major purchases might come up?
15:09 - What happens when a spouse dies?
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May 5, 2022
Sorting Through the Financial Junk Drawer
Celebrating our 100th episode of the podcast today, we’re going to do a giveaway! But first, we take a peek in the junk drawer to see what’s in there and what should be cleaned out, especially when it comes to your financial documents. Listen to the show to hear what interesting thing Marc has in the junk drawer!
Read more and get additional financial resources here: http://thefinancialanswer.com
Listen for these key points:
0:29 - We’re going from tax season to turkey season.
1:53 - What’s in the junk drawer?
4:12 - What kind of life insurance policies do you have?
6:22 - When was your will last updated?
8:23 - Do you have a Social Security statement?
10:25 - Do you have a 401(k) statement?
14:15 - Is there a plot of land in your name?
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Apr 21, 2022
Playing the Financial Game Show
We talk about our favorite TV game shows and why we don’t want them to be a reflection of our financial decisions. Which of these were your favorites?
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
1:53 - The Price is Right…with your investments?
4:40 - Are You Smarter Than a Fifth Grader?
6:47 - Who Wants to Be a Millionaire?
10:18 - Family Feud is a fun show, but not in real life.
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Apr 7, 2022
I Didn’t Know You Did That
Just what do financial advisors do? Nathan talks through the many ways he helps his clients that go well beyond simply picking stocks to invest in.
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
0:50 - What kinds of things does Nathan do as a financial advisor?
2:12 - Tax planning, not tax prep.
4:07 - Need advice on your 401(k) strategy?
5:33 - When should you start your Social Security?
7:49 - It’s not just about which stock to pick.
9:31 - Do advisors help with Medicare options?
11:44 - Can you get help with your pension?
13:14 - Do advisors help with estate planning?
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Mar 24, 2022
Financial Hot Topics
We talk through a few controversial financial topics to see what Nathan thinks. What financial decisions have you made lately?
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
1:03 - What’s an example of a housing plan gone awry?
6:06 - What is better, paying off debt or building up savings?
7:27 - Should you pay off the house?
9:30 - Term life or permanent life insurance?
11:40 - Mutual funds vs. ETFs?
12:54 - Are annuities good or bad?
15:01 - Should you own gold?
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Mar 11, 2022
Financial Wisdom with Albert Einstein
Today we are analyzing some famous quotes from Albert Einstein. What retirement planning lessons can we gain from the most well-known genius?
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
0:50 – Conflict in Ukraine
3:12 – Technically in a correction
5:04 – Call if you are worried
6:22 – “If you can’t explain it simply, you don’t understand it well enough”
7:42 – “We cannot solve our problems with the same thinking…”
9:50 – “Learn from yesterday. Live for today. Hope for tomorrow.”
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Feb 17, 2022
Retirement Planning with Shaq
Ready for some financial advice from the big guy? He’s got more to teach us than shooting hoops, so on today’s show we find out how some of his past quotes apply to your financial plan.
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
2:45 - “Excellence is not a singular act…”
4:38 - “I’m like tax, you’re going to pay one way or another.”
6:48 - “The day I stopped worrying about my stats was the day I started winning.”
8:44 - “The only person who can really motivate you is you.”
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Feb 3, 2022
What To Do During Market Volatility
Are you wondering what to do given our recent market volatility? Nathan shares what he tells his clients to do and how they should approach this time of uncertainty.
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
0:29 - January has been a bit of a rough month.
2:44 - What kind of calls has Nathan received from clients?
3:59 - Do some people panic?
6:31 - Should you make any aggressive moves?
9:35 - Do you know when to not make a move?
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Jan 20, 2022
How Do You Say It?
Some different words or phrases get used, but do they mean something different or are they all the same? We discuss a variety of financial phrases so you understand what it is you’re really dealing with.
Read more and get additional financial resources here: http://thefinancialanswer.com
What we discuss in this episode:
0:42 - Let’s play a game!
2:10 - Tennis shoes, gym shoes, or sneakers?
3:20 - Market crash, bear market, or market downturn?
5:50 - Firefly vs. lightning bug?
7:19 - Junk bonds vs. high yield bonds?
9:31 - Stocks or equities?
11:15 - Financial advisor or investment advisor?
14:50 - Water fountain, drinking fountain, or bubbler?
16:03 - Clients or customers?
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Jan 6, 2022
A Financial Checklist for the New Year
What should you do right now that will make a big difference in your finances in the new year?
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/a-financial-checklist-for-the-new-year/
What we discuss today:
0:44 - Welcome to the new year!
2:56 - What can you do with your tax withholdings?
5:23 - Assess your retirement contributions.
7:38 - Are you ready for tax time?
10:11 - Set your goals and do it.
12:41 - How should you think about resolutions?
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Dec 16, 2021
Retirement Planning First Steps
Where should you start when it comes to retirement planning? Nathan is here to guide you through the process to make sure you feel confident and ready for the future.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/retirement-planning-first-steps/
What we discuss today:
2:01 - Decide what you want retirement to look like.
4:55 - Take an inventory.
7:44 - Have an income plan.
9:56 - What is your Social Security withdrawal strategy?
11:22 - Are you working with an advisor?
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Dec 2, 2021
Financial Wisdom from Walt Disney
What can we learn from the man with the mouse? We take quotes from Walt Disney and see how they fit in with your financial plan.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/financial-wisdom-from-walt-disney/
What we discuss today:
0:50 - We recap the holidays.
1:27 - What did Walt Disney say?
1:10 - “You reach a point when you don’t work for money anymore.”
5:25 - “I hope we never lose sight of one thing…”
9:09 - “The difference between winning and losing is most often just not quitting.”
13:09 - “The way to get things started is to quit talking about it and start doing it.”
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Nov 18, 2021
Dealing with Stress in Retirement
How do we handle financial stress in retirement? Let’s talk through ways we can proactively deal with the stress that comes with retirement.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/dealing-with-stress-in-retirement/
What we discuss today:
0:52 - Thanksgiving and Christmas is coming!
2:51 - What are the ten most stressful events in your life?
3:51 - How can we proactively deal with the stress?
7:07 - Embrace some new challenges.
9:02 - Keep your options open.
12:24 - Keep a sense of perspective.
14:33 - Work with a qualified professional.
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Nov 4, 2021
Financial Truths and Lies
Can you find the lie? We talk through a few financial situations to see how well you know what’s true and what’s not.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/financial-truths-and-lies/
What we discuss today:
0:46 - The holidays are upon us.
2:25 - What is happening with Social Security?
6:10 - What does well with inflation?
9:34 - Rising interest rates will hurt who?
11:06 - Your emergency fund should be what?
12:38 - When is a market crash a major problem?
16:45 - What can you expect from Social Security?
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Oct 21, 2021
Retirement Income Planning Essentials
Do you know where your income will come from once you are retired? We talk through income planning for retirement and mention a few things to look out for as you make your plan.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/retirement-income-planning-essentials/
What we discuss today:
0:57 - Fall is here!
2:50 - Are you planning for a long retirement?
5:26 - Do you want to work all through retirement?
8:11 - Inflation is a real thing.
11:44 - Bonds are going down.
14:50 - Have multiple income streams.
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Oct 7, 2021
Avoiding Financial Temptations
Think you found a shortcut to your financial goals? Want to cut a corner on your retirement savings? Think again! We talk through common financial temptations and how to avoid them.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/avoiding-financial-temptations/
What we discuss on this episode:
0:55 - Nathan shares about a recent fishing trip.
4:39 - Carrying too much debt.
8:09 - Are you throwing away the 401(k) match?
10:48 - Have you deferred your taxes?
14:41 - What makes sense with Social Security?
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Sep 2, 2021
Investing Like a Genius
Are you investing like a genius or are you making every mistake in the book? Let’s talk through five ways you can make wise decisions with your money.
Read more and get additional financial information: https://thefinancialanswer.com/podcasts/1218/
What we discuss on this episode:
1:59 - Avoid making premature IRA withdrawals.
4:50 - Are you allowing lifestyle creep?
7:39 - Overpaying for tuition is a big regret.
12:36 - Retiring too early can hurt retirees.
15:00 - Ignoring the tax-efficient opportunities is a bad idea.
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Aug 26, 2021
5 Questions You Didn’t Know To Ask
You don’t know what you don’t know. So, we go over five questions that might shed some light on ways to make your retirement plan better and more efficient.
Read more and get additional financial resources here: https://wp.me/paIiUZ-jy
What we discuss on this episode:
0:41 - Praying for everyone impacted by the floods.
2:55 - How much will taxes cost?
6:29 - How much can I withdraw from savings each year?
9:14 - Should I still have life insurance in retirement?
12:45 - What kind of medical coverage would I need?
17:02 - What value are you getting for the fees you’re paying?
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Aug 5, 2021
What Kind of Retirement Are You Living For?
Everyone has different visions and goals for what they want out of retirement. What kind of retirement do you want? Figuring this out can help you better plan accordingly to make sure you accomplish your goals with your retirement savings.
Read more and get additional financial resources here: https://thefinancialanswer.com/podcasts/understanding-values-based-planning/
What we discuss on this episode:
1:39 - What kind of retirement are you wanting?
4:43 - Do you want to spend and buy in retirement?
7:09 - Do you have big travel plans?
9:52 - Are you helping kids and grandkids with college?
11:53 - What kind of account options do you have?
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Jul 29, 2021
5 Things You Must Know About Decumulation To Retire Successfully
Accumulating money is one thing, but decumulation requires a whole different strategy. What do you need to know in order to be successful?
Read more and get additional financial resources here: https://wp.me/paIiUZ-jj
What we discuss on this episode:
1:18 - Let’s talk decumulation.
2:26 - A lack of support could hurt you.
3:59 - The fear of spending is real.
9:10 - What risks could you face?
11:10 - Multiple buckets of money can make a difference.
13:06 - Should we be looking at tax consequences?
15:53 - Leverage your lifetime income.
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Jul 8, 2021
Retirement Blind Spots
What do you need to look out for when it comes to blind spots in retirement? Don’t overlook these key elements that you’ll want to prepare for in your financial plan.
Read more and get additional financial resources here: https://wp.me/paIiUZ-j6
What we discuss on this episode:
0:36 - We’re talking retirement blind spots today.
1:49 - Are you investing in cryptocurrency?
4:27 - Do you expect the market to always go up?
7:05 - Inflation happens over time. Is it here to stay?
9:32 - Medical costs are not all covered by Medicare.
12:38 - Tax increases may happen in the future.
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Jun 24, 2021
SECURE Act 2.0
What should you know about the proposed changes in the SECURE Act 2.0? We discuss a few of the possible impacts to you and your retirement plan.
Read more and get additional financial resources here:
https://thefinancialanswer.com/podcasts/secure-act-2-0/
What we discuss on this episode:
0:44 - Nathan shares about his recent vacation.
2:06 - What RMD changes could happen?
5:53 - Employers could start to auto-enroll us in a 401(k).
8:28 - Catch-up contributions would be added.
11:20 - Matching funds for student loan payoffs are being proposed.
13:44 - A database for orphaned retirement accounts.
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Jun 10, 2021
Are You Avoiding These 401K Mistakes?
What kind of 401(k) mistakes should you look out for? Nathan shares what you should know when it comes to your 401(k) and your financial plan.
Read more and get additional financial resources here: https://wp.me/paIiUZ-iW
What we discuss on this episode:
1:07 - June is here and summer trips are happening.
4:47 - Avoid 401(k) mistakes, like leaving one behind.
8:02 - Did you remember to rebalance?
8:55 - Should you use a target date fund?
11:55 - Should you use the 401(k) advisor?
14:00 - What are the hidden fees?
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May 27, 2021
Understanding Your Financial Statements
Whether you receive a statement monthly or quarterly, your financial statements might seem difficult to read. Maybe you look at it or just toss it in a drawer to figure it out later. Many people start to pay close attention to it as they near retirement. On today’s episode of the podcast, we talk about what you should be looking at.
Read more and get additional financial resources here: https://wp.me/paIiUZ-iK
What we discuss on this episode here:
0:47 - Enjoy celebrating Memorial Day!
1:37 - Reading the fine print on your financial statement.
4:03 - What is the asset allocation summary?
5:38 - What about those fees?
7:32 - What are some hidden fees in regular life?
9:16 - What is cost basis?
10:08 - What fine print gets overlooked?
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May 6, 2021
Reading the Financial Fine Print
Do you read the fine print when it comes to investments and financial decisions? On today’s podcast we talk through key areas that people tend to overlook and are in for a surprise later on.
Read more and get additional financial resources here: https://wp.me/paIiUZ-iC
What we discuss on this episode:
2:46 - Rate increase on long-term care insurance.
5:05 - Do you know what your annuity entails?
7:57 - Mutual funds that tanked.
9:47 - Life insurance got expensive after 65.
12:21 - REITs aren’t liquid?
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Apr 22, 2021
Baseball and Retirement Planning
What do baseball and retirement planning have in common? Just like a financial plan, baseball can be enjoyed by those who know the ins and outs of the game and those who just understand the basics. Find out more comparisons on today’s podcast!
Read more and get additional financial resources here: https://wp.me/paIiUZ-iw
What we discuss on this episode:
1:06 - Baseball and financial planning both involve simplicity and complexity.
2:24 - It’s not all about the home runs.
4:06 - What strategy is the skipper implementing?
5:19 - Are you being efficient?
7:50 - Are you caught up in appearances?
10:00 - What skills do your players have?
12:34 - How will you win the game of retirement?
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Apr 8, 2021
Avoiding Financial Mistakes During A Divorce
What financial mistakes do some make in the middle of a divorce? What do you need to keep in mind as you make a lot of decisions that impact your future?
Read more and get additional financial resources here: https://wp.me/paIiUZ-in
What we discuss on this episode:
2:08 - People think the house is the biggest asset.
5:25 - What happens if one spouse makes more than another?
6:32 - How do you compare different retirement accounts?
7:25 - How do you transfer the account from one spouse to the other?
10:02 - What emotional things should you consider?
12:30 - How can a financial advisor help?
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Mar 25, 2021
Unhealthy Foods and Financial Health
What can unhealthy foods teach us about your financial health? On today’s episode of The Financial Answer podcast, we talk through the biggest culprits when it comes to unhealthy foods and how they parallel with unhealthy financial plans.
Read more and get additional financial resources here: https://wp.me/paIiUZ-if
What we discuss on this episode:
1:40 - Who doesn’t love junk food?
2:17 - What are the empty calories of your financial plan?
6:42 - Hidden fees is like hidden sugar.
10:58 - Trans fat is in everything that tastes good, but what’s the risk?
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Mar 11, 2021
Financial Lessons Learned from Calvin and Hobbes
What comic strip wisdom can we apply to our financial lives? Just ask a boy and his tiger…and Nathan O’Bryant, of course!
Read more and get additional financial resources here: https://wp.me/paIiUZ-ia
What we discuss on this episode:
1:00 - Today’s podcast is taking inspiration from a favorite comic book.
1:56 - “Life is full of surprises, but never when you need one.”
4:03 - “When life gives you lemons, chuck it right back.”
5:41 - “There’s no problem so awful that you can’t add some guilt to it to make it even worse.
7:36 - “A day could really slip by you when you deliberately avoid what you’re supposed to do.”
12:32 - Mailbag: Do I have adequate diversification in my IRA?
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Feb 25, 2021
Last Ten Working Years Before Retirement
As you draw near to retirement, what should you be doing in those last few years to prepare? We talk about the priorities you should have as you shift your focus toward retirement.
Read more and get additional financial resources here: https://wp.me/paIiUZ-i1
What we discuss on this episode:
1:16 - What priorities should you have in the ten years pre-retirement?
3:28 - What do you want to do with your free time?
6:17 - Are you thinking about a post-retirement career?
8:30 - Do you need to make up for lost time in savings?
10:33 - Is your debt load reduced?
13:23 - Are you minimizing risk?
16:10 - Mailbag: How do I convince my wife to do some aggressive saving for retirement?
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Feb 4, 2021
What You Should Know About Biden’s Executive Orders
With a new president in the new year making some changes, what do you need to keep in mind for your financial plan? Biden has only been in office for a few weeks but has made over 30 executive orders so far. On today’s episode of the podcast, we have an economical discussion about several that might impact your finances.
Read more and get additional financial resources here: https://wp.me/paIiUZ-hT
What we discuss on this episode:
1:43 - Biden has passed over 30 executive orders so far.
4:40 - Student loan interest is paused until September.
7:01 - The Keystone pipeline permit was revoked.
10:03 - How do we make the right decisions?
12:08 - What would happen if the minimum wage is raised?
13:50 - Automation has changed some of the job market.
17:59 - What’s going to happen to the economy moving forward?
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Jan 21, 2021
Understanding Values-Based Planning
What are your goals? Why does the money matter? Everyone has different motivators and needs, so what does it look like to create a values-based plan? On today’s episode of the Financial Answer podcast, Nathan shares how your values can impact your financial plan.
Read more and get additional financial resources here: https://wp.me/paIiUZ-hN
What we discuss on this episode:
0:38 - Nathan says everything is awesome.
1:43 - What is values-based planning?
2:22 - For many people, family is what matters most.
4:55 - How is your faith reflected in how you invest?
11:02 - Is education a part of your legacy?
13:29 - What really matters to you?
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Jan 7, 2021
2021: This Is The Year (No Matter What)
This year, let’s not make the same mistake of enthusiastically welcoming 2021 since we have no idea what the year will bring. Instead, let’s say that NO MATTER WHAT, this is a year that you’re going to make good financial choices. Here’s a few things to focus on.
Read more and get additional financial resources here: https://wp.me/paIiUZ-hw
What we discuss on this episode:
2:12 - What are Nathan’s resolutions?
2:46 - What are most typical resolutions?
3:29 - What can you do in the first quarter of 2021?
5:25 - Do you remember the SECURE Act?
8:21 - It’s almost tax time again!
11:27 - Did your income change?
14:35 - Assess your overall retirement health.
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Dec 17, 2020
Christmas Songs and Financial Planning
We test Nathan's holiday spirit and see if he can give us a financial lesson from some holiday classics. As you listen to your favorite songs, what lessons can be learned?
Read more and get additional financial resources here: https://wp.me/paIiUZ-hq
What we discuss on this show:
0:29 - What is Nathan looking forward to this holiday season?
2:53 - What’s the financial lesson learned from these Christmas songs?
3:08 - “I’ll Be Home for Christmas”
6:00 - “Do You Hear what I Hear?”
7:42 - “Little Town of Bethlehem”
10:41 - “What Child Is This?”
12:57 - “Blue Christmas”
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Dec 3, 2020
End of Year Financial Planning
Any key financial moves you should make before the end of the year? Find out on today’s podcast.
Read more and get additional financial resources here: https://wp.me/paIiUZ-hh
What we discuss on this show:
2:35 - Should we max out retirement contributions?
4:10 - What do you need to pay attention to with the CARES Act?
5:46 - What might the CARES Act or SECURE Act 2.0 look like?
7:34 - Have you explored the possibilities for tax loss harvesting?
9:08 - What kind of charitable contributions should you make?
10:43 - Are there any purchases that could give you a tax credit?
11:43 - Does it make sense to do a Roth conversion?
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Nov 19, 2020
Unreasonable Requests to Financial Advisors
What kind of unreasonable requests do financial advisors hear? Have you ever uttered one of these phrases? Nathan talks through what is and isn’t possible when it comes to financial planning.
Read more and get additional financial resources here: https://wp.me/paIiUZ-h8
What we discuss on this show:
1:48 - “I want a bigger return with little or no risk.”
5:18 - “Can you reduce your fees?”
9:10 - “How can I get out of paying taxes?”
11:47 - “Can you just do it for me?”
15:07 - What does participation look like when financial planning?
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Nov 5, 2020
An Election Conversation
We may not have all the results from the election yet, but we do have some thoughts on where things seem to be headed. How will this impact the market? And your portfolio? We'll try to make some sense of it on this show.
Read more and get additional financial planning resources here: https://wp.me/paIiUZ-h1
What we discuss on the show:
0:37 - We had planned to talk about the election this week.
2:22 - The House and Senate will likely be split.
3:47 - When does the market do best politically speaking?
5:07 - We might have more balance when the power is split.
6:27 - Two days past the election, how is the market doing?
9:20 - How does this compare to the 2000 election?
12:18 - Try to stay calm.
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Oct 15, 2020
Statistics on Saving and Investing
What’s typical when it comes to saving and investing? We review a report to get the most recent statistics on things like using target date funds and making use of a Roth 401(k). How do you compare?
Read more and get additional financial resources here: https://wp.me/paIiUZ-gU
What we discuss on the show:
0:29 - Nathan shares about his latest catch.
1:50 - A recent study shows the majority of people use target date funds in their 401(k).
3:30 - What is a market cap weighted fund?
6:08 - Should you be using a Roth 401(k)?
7:53 - Should you be holding more or less company stock?
10:25 - Is it logical to take a hardship withdrawal from a 401(k) if needed?
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Oct 1, 2020
Mom’s Favorite Phrases And Financial Planning
My mother used to say…to make my bed, obey my parents, and save my pennies. What other commonly used phrases by mom relates to financial advising today?
Read more and get additional financial resources here: https://wp.me/paIiUZ-gM
What we discuss on this show:
1:11 - Fun fact: Not making your bed can be safer.
3:06 - “Why? Because I said so!”
6:03 - “If you’re going to act like a child, I’ll treat you like one.”
7:55 - “If all your friends jump off a bridge, will you do it too?”
11:37 - “One day you’ll thank me.”
14:13 - What kind of financial education did you receive in school?
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Sep 17, 2020
Financial Planning By Profession
Financial advisors work with all sorts of different clients who work in a variety of different professions. What kinds of mindsets or challenges do they face?
Read more and get additional financial resources here: https://wp.me/paIiUZ-gG
What we discuss on this show:
0:38 - There’s been some recent market volatility.
2:04 - In the News: FedEx is hiring 70,000 workers for the holiday season.
4:35 - What kinds of professionals do financial advisors commonly see?
5:00 - Teachers have to find creative ways to save.
6:32 - Doctors make money, but do they plan well?
8:42 - Engineers need a lot of data.
10:54 - Entrepreneurs make up a large part of our economy.
14:56 - Government employees have good benefits.
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Sep 3, 2020
Don’t Assume When It Comes to Retirement
When it comes to finances, a lot of times it is easy to make an assumption about something one way or another. But you know what they say about what happens when you assume!
Read more and get additional financial resources here: https://wp.me/paIiUZ-gA
What we discuss today:
0:35 - Nathan shares why this is his favorite time of the year.
1:52 - What is the latest in the news?
5:49 - Why shouldn’t you make assumptions?
6:53 - Assumption: You’ll spend less in retirement.
8:42 - Assumption: Taxes will be lower in retirement.
11:34 - Assumption: You have to financially help out adult children.
14:34 - Assumption: I’ll never be able to retire.
17:54 - Mailbag: Should I buy gold bars, gold coins, or no gold at all?
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Aug 20, 2020
Dirty Little Secrets in the Financial World
No one knows what you don’t know. So, let’s talk about all those secrets you might be unaware of when it comes to the financial world. What should you really be paying attention to? We'll tell you today.
Read more and get additional financial resources here: https://wp.me/paIiUZ-gr
On today's show:
1:38 - Is moving out of the city a long-term trend?
3:27 - Dunkin’ Donuts is closing 800 stores throughout the country.
5:38 - The future of the election and the vaccine will play a part in the economy.
7:30 - What are the dirty secrets in the financial industry?
11:16 - Most things financial advisors argue about aren’t that important.
12:19 - It’s difficult to differentiate between skill and luck.
13:53 - The bolder the opinion, the more people pay attention to it.
17:48 - What’s the best way to teach kids about taxes, according to Bill Murray?
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Aug 6, 2020
Top 5 Types of Financial Risk
While you can’t avoid risk completely, it’s important to understand and address risk, especially when it comes to your financial plan. Are any of these five risks threatening your finances?
Read more and get additional financial resources here: https://wp.me/paIiUZ-gd
On today's show:
2:04 - The top financial risk people fear is market risk.
5:19 - What do you need to know about interest rate risk?
7:50 - What does inflation do in retirement?
10:57 - Tax risk a huge
15:22 - What is a risk multiplier?
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Jul 16, 2020
Industry Insights Amidst Coronavirus
Coronavirus has brought on a lot of changes and that impact has stretched across many industries. On this episode we discuss some of the industries hardest hit from an economic standpoint and speculate on the future.
Read more and get additional financial resources here: https://wp.me/paIiUZ-g5
Today's schedule:
0:39 - Nathan shares the latest in his life.
3:53 - What are analysts saying about different economic sectors?
4:39 - What is happening in the automotive world?
7:07 - We don’t know the future.
8:54 - What changes are being made in banking?
12:45 - What’s happening in the construction and homebuilding sector?
16:11 - Oil and gas prices have been dropping.
20:13 - What does this indicate for the market?
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Jul 2, 2020
Finding the Right Financial Advisor
How do you know if you have the right advisor? And how do you know if it’s time to switch? Nathan talks through what to look for in an advisor and how to make a decision on the right one for you.
Show Notes, Resources & Contact Info:
https://thefinancialanswer.com/
Timestamps:
0:29 - Nathan is excited to celebrate the 4th of July.
3:41 - What should you be getting from a financial advisor?
6:19 - When should you change advisors?
9:19 - How can you tell if a prospective advisor will work well for you?
12:02 - Be yourself when working with your advisor.
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Jun 18, 2020
Answering the Most Common IRA Questions
Wondering what you should know about your IRA? What options do you have and what strategy could pay off in the future? Find out on today’s IRA FAQ episode!
Read more and get additional financial resources here: https://wp.me/paIiUZ-fQ
Today's show schedule:
0:41 - Nathan shares a bit about his recent adventures in South Dakota.
4:17 - What kind of return can you expect on an IRA?
5:56 - Should you contribute to a traditional or Roth IRA?
8:10 - When should you consider doing the Roth conversion?
13:16 - How do you know which funds to choose in an IRA?
15:20 - What kind of penalty should you brace yourself for?
19:10 - Have you heard about the multiple employer plans?
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Jun 4, 2020
Are You Following Outdated Financial Rules?
When it comes to retirement, the rules that applied for your grandparents or parents aren’t necessarily the same for you. To find out which rules are outdated, we discuss some of the financial rules of thumb you may have heard in the past.
Read more and get additional financial resources here: https://wp.me/paIiUZ-fF
Today's show schedule:
2:50 - What financial rules are outdated?
3:22 - Is the 4 percent rule outdated?
6:20 - What is the 10-5-3 rule?
7:45 - Should you move from stocks to bonds at a certain age?
9:13 - The million dollar rule to retire.
13:48 - Do you need less in retirement than when you’re working?
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May 21, 2020
Is the Customer Always Right?
When you work with a financial advisor, is the customer always right? What if your ideas don’t match? Who is really in charge when it comes to your money and your financial plan?
Read more and get additional resources here: https://wp.me/paIiUZ-fv
Today's show schedule:
0:42 - What’s open and what is still closed during the pandemic?
4:13 - A financial advisor’s job includes giving some pushback and feedback.
8:05 - You need to understand how each piece of your plan fits together.
9:41 - Know the difference between a good plan and gambling.
13:07 - When you work with an experienced professional, allow room to hear their advice.
14:41 - Carefully consider the details of various elements in your estate plan and insurance needs.
16:29 - You need to have long-term strategy instead of constant changes.
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May 7, 2020
How To Set Financial and Retirement Goals
Are you setting realistic and achievable financial goals? How do you stick to your financial goals? Let’s discuss the steps you can take to set up goals for your retirement.
Read more and get additional resources: https://thefinancialanswer.com/podcasts/how-to-set-financial-and-retirement-goals/
Today's rundown:
2:01 - What are goals that everyone should be shooting for?
5:55 - How do you determine specific goals?
9:44 - Are you setting unrealistic goals?
11:50 - How do you reframe unrealistic goals?
12:43 - The person you work with impacts the kinds of goals you set.
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Apr 30, 2020
Ben Franklin and Partial Freedom from COVID-19
What does Ben Franklin have to do with your financial plan? He is remembered for many of his famous quotes, so we talk about the wisdom he shared that still applies today as we celebrate Tennessee's partial re-opening of the economy.
Read more and get additional resources here: https://thefinancialanswer.com/podcasts/ben-franklin-and-partial-freedom-from-covid-19/
Today's show schedule:
0:29 - Tennessee is experiencing a bit more freedom to get out of the house.
2:08 - What can we learn from Ben Franklin?
2:30 - “Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety.”
6:59 - Do you remember the scare of online identity theft?
8:23 - “Investment in knowledge pays the best interest.”
10:21 - Long-term bonds went down tremendously recently.
11:48 - “A penny saved is a penny earned.”
14:50 - “I’d rather go to bed without dinner than to rise in debt.”
16:45 - “There are no gains without pains.”…
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Apr 16, 2020
Cleaning Your Financial Closet – Lockdown Edition
We’re all spending a lot more time at home right now and using this as an opportunity to get organized. So let’s clean out our own financial closet by taking care of the things you’ve probably had on your list for a while and tidying up some areas of concern.
Read more and get additional resources here: https://wp.me/paIiUZ-ff
Today's show rundown:
1:15 – Understanding percentages when it comes to stock market gains and losses
2:58 – Make sure you know how your portfolio is balanced.
4:04 – Stimulus checks are rolling out this week.
5:44 – How’s Nathan been dealing with the quarantine at home?
6:33 – Let’s clean out the financial closet during our down time.
7:47 – What organizational tips would you give someone?
8:51 – Consolidate with one advisor.
10:03 – Review your monthly budget.
11:31 – Evaluate your portfolio and figure out if you’re taking the correct risk.
13:33 – Misunderstandings of what a budget means.
16:55 – Unemployment numb…
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Apr 3, 2020
Coronavirus Aid - What You Need to Know About the CARES Act
With stay at home orders continuing for the foreseeable future, the government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide relief for individuals and businesses. Today we’ll look at the specific items that impact retirement, financial planning, and small businesses.
Read more and get additional resources here: https://wp.me/paIiUZ-f4
Today's rundown:
1:30 - We’re talking about the CARES Act today and what it means.
3:13 - Let’s start with the retirement portion. No RMDs for 2020.
5:47 - If you need to pull money out of 401k or IRA, there’s no penalty for early withdrawal.
7:43 - Now is an important time to be in touch with an advisor to reassess your plan and see what you can be doing.
11:03 - Stimulus payments
14:24 - For small businesses, there’s a payment protection program.
15:52 - Who can apply for this relief?
17:05 - Here’s what we do know about this aid for small businesses.
18:26 - Details on what payro…
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Mar 20, 2020
Coronavirus Market Update + What’s Next
We’re all dealing with the affects of the coronavirus to financial markets around the globe and it’s a challenge to keep up with all the news updates. We’ll try to bring all the key pieces of information as Nathan together on this episode as we head into the final week of March. Plus we’ll discuss what could be next and what type of rebound we could see.
Read more and get additional resources: https://wp.me/paIiUZ-eX
Today's rundown:
2:06- We are doing some in-person meetings but also utilizing technology for virtual meetings.
3:19- Nathan shares an awesome phone call he got this week from a client.
5:55- Despite the rapid market drop, clients have stayed pretty calm through it all so far.
6:33- Selling now is the worst decision you can make.
7:30- Many analysts feel it could be a v-shaped or u-shaped rebound.
9:18- How does the bucket strategy fit into planning right now?
13:45- Nathan tells the story of his friend flying into Nashville this week.
14:55- How do we mo…
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Mar 5, 2020
Coronavirus: What Pandemics Often Do To The Market
Are you worried about how coronavirus might impact the market or your financial plan? Let’s look at several past epidemics to see what the market has done historically.
Read more about the topic and get additional resources: https://thefinancialanswer.com/podcasts/coronavirus-what-pandemics-often-do-to-the-market/
Today's show rundown:
1:25 - All pandemics affect the market.
3:19 - Coronavirus is definitely having an impact on the world right now.
5:00 - SARS caused a drop in the market, but it was back within a few months.
7:09 - Ebola affected the market for about eight months.
11:43 - Swine flu caused a dip on top of the market downturn we were already experiencing in 2009.
13:02 - DOW Jones market data shows that things rebound within six months.
15:20 - The Spanish flu killed millions in 1918, but the market only declined 10 percent.
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Feb 20, 2020
Inheritance 101: Everything You Need to Know
Whether you’re trying to build an estate plan or deciding how to invest an inheritance, there are some things you need to be aware of. Let’s look at inheritances from both sides and identify the common mistakes being made, how the SECURE Act changes planning, and Nathan’s own experience with inheritances.
Show notes and additional resources: https://wp.me/paIiUZ-el
Today's rundown:
1:26 – Fun fact for the show: 90% of Americans live within 10 miles of a Walmart.
2:51 – Today we’re talking Inheritance 101 and how the SECURE Act impacts that.
3:15 – What do people need to know about tax implications of inheritances?
5:01 – What are the major changes in the near future for people inheriting money?
6:16 – With the elimination of the Strech IRA, that really targets the children.
7:04 – Nathan had his own inheritance that was grandfathered in.
8:17 – Roth conversions might be great for some and not for others.
8:48 – What are some common mistakes Nathan sees…
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Feb 6, 2020
How Often Does a Financial Advisor Answer These Questions?
How often do advisors see certain situations? Are you alone in your questions or are they common scenarios?
Show notes and additional resources: https://wp.me/paIiUZ-ek
Today's rundown:
2:25 - In the News: Former Wells Fargo CEO John Stumpf to pay millions in fines.
3:38 - How we respond to the market recently taking a bit of a dip, in part with the Coronavirus.
5:16 - How often do people ask, “Can I retire tomorrow?”
6:20 - How often do clients go against the advisor’s advice?
9:16 - It’s good to challenge advisors to understand the reasons for their financial advice.
9:49 - How often does a client cry?
11:23 - How often does a client say they need a million dollars before retiring?
13:48 - Mailbag: Should I sell my rental properties to pay off debt?
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Jan 23, 2020
Understanding The SECURE Act
Are you right on the edge of taking RMDs and wondering what the recent changes due to the SECURE Act mean for you? We’ll explore the difference a few months could mean when it comes to taking RMDs under the new SECURE Act.
Show notes and additional resources: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-when-did-you-turn-70-5/
Today's rundown:
1:35 - The SECURE Act passed but is still a bit confusing when it comes to RMDs.
2:21 - Let’s play: This or That?
3:19 - What’s the difference between being born at the beginning of the year and the second half of 1949 for RMDs?
7:07 - Fun fact: IRA and 401(k) rules were started in 1974, the same time Billy Joel and Bruce Springsteen started their careers.
8:43 - Make sure you check with your advisor to avoid the penalty of being wrong on your RMD age.
11:46 - Upcoming class: Retirement Planning Today will be held on February 4th and 11th.
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Jan 16, 2020
5 Biggest Storylines of 2020: Will They Matter Financially?
We’re already off to a busy start for 2020 and it doesn’t appear like the news will slow down anytime soon. Let’s look at the biggest anticipated storylines for this year and find out whether or not they will matter when it comes to your retirement planning.
Show notes and additional resources: https://thefinancialanswer.com/podcasts/5-biggest-storylines-of-2020-will-they-matter-financially/
Today's rundown:
1:11 – The Dow has surpassed 29,000.
2:27 – How much will the headlines and storylines of 2020 impact the market?
2:58 – The 2020 election
4:36 – What does history tell us about election years?
6:31 – Depending on who gets elected, taxes could be impacted.
7:44 – Does it matter: Stock market returns over the next 12 months?
9:24 – Always be investing based on your time horizon.
10:24 – The trade war with China: how much will it matter?
12:26 – The health insurance marketplace: does it matter?
14:27 – The final one: the future of Social Security…
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Jan 9, 2020
New Year Financial Checklist for 2020
You’ve made it through the holidays, laid out your new year resolutions, and now it’s time to check in on your retirement plan. January presents another opportunity to get your finances in order and we have a checklist of items to look into for 2020.
Show notes and additional resources: https://thefinancialanswer.com/podcasts/new-year-financial-checklist-for-2020/
Today's Rundown:
2:48 – Let’s talk about a checklist of items to be thinking about as the new year begins.
3:34 – Figure out how the SECURE Act affects you.
5:53 – The Stretch IRA
7:55 – What else do you see from the SECURE Act that people need to be aware of?
8:31 – Another big change is annuities inside 401(k)s.
10:24 – What about the new W4 form?
11:28 – Any changes to contributions? This is the time of the year to be looking at these.
12:24 – It’s the time of the year to start getting all your tax info together.
14:01 – Really it’s just paying attention to your overall financial heal…
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Dec 19, 2019
Are You Sabotaging Your Own Retirement With These Mistakes?
There are so many aspects of our financial life that we can’t control so why would we fail to take care of the things we can? Today we’re going to look at the mistakes people make that hurt their financial health and explain what you can do to avoid them.
Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/are-you-sabotaging-your-own-retirement-with-these-mistakes/
Today's Rundown:
0:38 – We’re getting ready for the holidays.
2:32 – The market rebounded to over 28,000. What news is impacting the market?
5:11 – Today we’re talking about self-sabotaging our retirement.
6:05 – First thing we do is obsess over the short term ups and downs of the market.
9:58 – Taking Social Security as early as possible could cost you a lot of money.
11:41 – We look at Social Security on its own but determine what claim works best for you.
12:54 – Pretending like long-term care or nursing home care isn’t going to impact you.
15:41 – We don’t ho…
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Dec 12, 2019
Catching Up As A Late Bloomer In Retirement
What can you do if you feel a bit behind the curve when it comes to retirement planning? Is there still time for your retirement funds to blossom into the future you’re hoping for?
Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/catching-up-as-a-late-bloomer-in-retirement/
Today's Rundown:
0:54 - What it means to be a late bloomer.
3:03 - Catch-up contributions allow you to save more once you turn 50.
4:38 - Take the adult kids off the family payroll.
7:35 - Disappearing debt can help lighten the load.
9:56 - Downsizing the home will free up funds (and time).
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Dec 5, 2019
Critical Estate Planning Mistakes You Need to Avoid
When it comes to leaving behind a financial legacy, not everyone makes it a priority. Those that do, however, need to put an estate plan in place that ensures their assets transfer to the people they choose. Eliminating these common mistakes is an important step in making that happen.
Show notes: https://thefinancialanswer.com/podcasts/critical-estate-planning-mistakes-you-need-to-avoid/
On This Episode:
0:44 – Recapping the Thanksgiving holiday.
1:28 – In the News: The market dipping some over a French digital tax. Here’s Nathan’s reaction.
3:57 – Confidence Corner – let’s talk about estate planning mistakes.
5:36 – We don’t plan for the foreseen expenses – like healthcare.
7:25 – Here’s how these expenses can really impact your estate.
8:28 – Update your beneficiary designations upon the ‘Five Ds’
11:07 – Many people transfer real estate while they’re still alive but that can cause some issues.
14:49 – We often overlook the tax implicatio…
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Nov 26, 2019
Turkey Day Special with Listener Questions
We’re gearing up for one of the great holidays of the year by whetting your appetite with some Thanksgiving fun facts and trivia. In between those holiday nuggets we’ll take listener questions about investment options, Social Security, and tax returns.
Show Notes: https://thefinancialanswer.com/podcasts/turkey-day-special-with-listener-questions/
On This Episode:
0:38 – We’re ready to celebrate Thanksgiving.
1:54 – A little Thanksgiving history
3:09 – Listener question: I’ve been paying off debt aggressively recently and I’ve almost paid off everything. Once I do, I’ll have nearly $5,000 each month to invest and I want to be aggressive to catch up on retirement. What should I do?
5:02 – Should he consider being conservative with that money?
7:23 – Thanksgiving trivia time!
10:39 – Listener question: I retired last month and started my state pension and Social Security. I’d like to work part-time but heard it might mess up my Social Security. Should I w…
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Nov 21, 2019
What Mistakes Do Bad Investors Make?
Whether you’ve been investing for decades or just starting out, there are things you shouldn’t do if you want to be successful. Let’s take a look at the mistakes you’ll commonly find the worst investors making.
Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/what-mistakes-do-bad-investors-make/
On This Episode:
1:59 – In the News: What do you think about Elizabeth Warren’s billion dollar tax plan?
6:35 – Confidence Corner time
7:20 – Let’s talk about the worst investors starting with trying to get rich quick.
9:17 – Operating without a cohesive plan leads to bad investing.
11:16 – Following the herd mentality rather than thinking independently.
13:09 – A lot of times bad investors focus on the short term rather than long term.
14:26 – Focusing on the areas you CAN’T control.
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Nov 14, 2019
Welcome to Retirement, Now Don’t Screw It Up
It takes a lot of hard work and dedication to finally be able to step away from working and retire. But the journey isn’t over. You’re just transitioning to the next chapter of life, which is where your mindset completely changes financially. Let’s explore the ways people commonly mess up early in retirement.
Show Notes: https://thefinancialanswer.com/podcasts/welcome-to-retir…dont-screw-it-up/
On This Episode:
0:38- Getting ready for Thanksgiving.
2:32- Welcome to retirement, don’t mess it up!
3:09- Don’t make any sudden decisions.
4:40- Don’t jump into investments that you don’t understand.
6:41- Work with a professional even after retiring.
8:33- It’s a different mindset once you get into retirement.
11:16- History lesson: 219 years ago Congress met for the first time in the Capitol Building in Washington.
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Nov 7, 2019
The Final Decade Before Retirement
In the final 10 years before you retire, what do you need to do in order to make sure you’re ready? Do you know the answers to all of these questions?
Show Notes: https://thefinancialanswer.com/podcasts/the-final-decade-before-retirement/
Today's Rundown:
1:48 - In the News: President Trump changed his residence to Florida for tax reasons.
4:15 - In the ten years leading up to retirement, you need to decide what is important.
6:02 - You need to know your numbers and consider your budget.
9:51 - Get a handle on your healthcare plans for later on.
12:52 - Understand that your needs will change over time, just like your plan.
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Oct 31, 2019
Trying To Find The Exception To The Rule When Investing
In anything, there’s always an exception to the rule. With your financial plan, when do you chase that exception and when do you stick with what’s average? Which will be more profitable in the long run?
Show Notes: https://thefinancialanswer.com/podcasts/trying-to-find-the-exception-to-the-rule-when-investing/
Today's Rundown:
1:01 - Jim Simons, a mathematician and hedge fund manager figured out a way to have average returns of 66% a year.
4:44 - It’s hard to know how he did so well or to have predicted this success ahead of time.
6:42 - If this was something that could be repeated, everyone would be doing it.
8:04 - Find the advisor that gets you and helps you with your plan.
9:40 - Use your drive and determination to accomplish your goals.
10:58 - Know what to expect in the market.
12:04 - Aim for what you need, before you chase what you think you could get.
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Oct 25, 2019
Retirement Planning and Halloween
For our final Halloween-themed podcast of 2019 will look at the parallels between the holiday and financial planning. Things like costumes, being scared, and superstitions can all be tied into our retirement plan and that’s exactly what we’ll do on this episode.
Show Notes: https://thefinancialanswer.com/podcasts/retirement-planning-and-halloween/
Today's rundown:
1:53 – We’re wrapping up our final Halloween edition with a show on lessons we can take away from the holiday.
2:17 – What’s the best costume Nathan ever wore?
3:11 – The first Halloween concept: When something appears to be something that it isn’t.
4:28 – Does anything scare Nathan on Halloween?
6:41 – When it comes to financial planning, what scares you?
8:48 – Is Nathan or his wife superstitious about anything?
10:06 – Is there anything you see people doing illogically with their money?
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Oct 17, 2019
Scary Facts About Retirement
In the spirit of Halloween, we take a look at some of the scariest facts about retirement. From savings to the price of healthcare in retirement, these numbers will open your eyes to the realities about retirement and why it can be a challenge for many Americans
On this episode:
0:52 – Excited for today’s show on scary facts.
3:03 – First scary fact: Congressional tax reform could severely pre-tax contributions to retirement plans.
5:34 – Nathan worries that these changes could hurt individuals because they’ll end up saving less.
6:36 – Another scary fact: A couple expect $275,000 in out-of-pocket medical expenses in retirement.
8:13 – Scary fact No. 3: 68% of Baby Boomers wish they’d saved more for retirement.
10:59 – Scary fact No. 4: 55% of retirees retired earlier than they expected - most of the time due to health issues or a job loss.
12:17 – Scary fact No. 4: 45% of Americans have saved nothing at all.
15:02 – Scary fact No. 5: 20% of Americans wit…
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Oct 10, 2019
Halloween Spending and Retirement
Halloween is rapidly approaching and it’s a holiday that generates a lot of spending in our country. We’ll take a look at the numbers behind the holiday and how it impacts our economy. Of course it will all tie back into retirement planning and BOOdgeting budgeting
On this episode:
0:47 – Nathan is back from vacation.
1:47 – Halloween is approaching so that’ll be the theme for the show.
3:23 – We have seven facts that show how Halloween boosts the economy.
4:33 – How much we spend on average on Halloween and how much that adds up to.
5:19 – 2018 we saw fewer people celebrating but a higher average spend.
5:57 – The average American says they don’t have enough in savings to cover a $500 emergency yet we set aside $100 for Halloween.
7:19 – The top five candies.
8:45 – Make sure you think about your plan when you’re budgeting for holidays.
10:53 – Do you recommend clients practice budgeting for retirement before they get there.
12:28 – You’ll ha…
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Oct 3, 2019
4 Types of Spenders
Do you spend like there’s no tomorrow? Or do you hoard more money than you could possibly need? Or are you somewhere in the middle? Find out which type of spender you are and what to look out for.
Show Notes: https://thefinancialanswer.com/podcasts/4-types-of-spenders/
0:55 - What kind of spender are you?
1:20 - Type #1 - The emotional spender.
3:35 - This can translate into emotional investing, which may cause a shift in goals or decisions.
5:31 - Type #2 - YOLO! You only live once, so let’s spend it all while I’m here.
5:57 - This type of spending can get you into a lot of debt.
7:37 - Type #3 - The savvy spender.
10:38 - Type #4 - The miser.
11:10 - This type feels like they will never have enough and cut corner to hoard it.
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Sep 26, 2019
Planning The Ultimate Road Trip: Your Retirement
Believe it or not, planning for retirement is a bit like going on a road trip. Are you ready to rock out to some tunes and hit the road? Or are you stuck in the planning process or facing roadblocks? Find out how you can plan the best route possible on your way to retirement.
Today's rundown:
4:54 - Decide where you want to go. What do you want retirement to look like?
7:09 - How do you get there?
9:36 - What happens if your plans fail?
10:47 - What are you listening to along the way? What are your sources of information?
14:30 - When is it time to turn off the cruise control on your way to retirement?
Get the full show notes and additional resources by clicking here: https://thefinancialanswer.com/podcasts/planning-the-ultimate-road-trip-your-retirement/
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Sep 19, 2019
Reading Between the Lines Of Financial Fake News
Ever read a headline and think, “Is that true?” There are several headlines that make their way into the news from the financial world, but before you get in a panic, let’s look at them logically to figure out if they are real or fake.
On today's show:
1:29 - In the News: Jim Cramer, host of Mad Money, is shifting more toward education on his show and now agrees with the value of index funds.
5:59 - Fake News: Social Security going broke. But does that mean you will stop receiving funds?
8:47 - Fake News: The dollar will crash--buy gold now!
11:33 - Fake News: Recession is coming.
13:16 - Every few months we see market fluctuations.
16:05 - You can’t let a headline throw off your retirement plan.
Get the show notes and additional resources here: https://wp.me/paIiUZ-cl
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Sep 12, 2019
Decision-Making Roadblocks in Financial Planning
No matter how hard we try to stay on top of our finances, we’re sure to come across roadblocks that interfere with our decision-making process. Does this sound familiar? Let’s talk about the common scenarios we see in retirement planning and how you can deal with them.
Today's rundown:
0:58 – In the news: What’s going on with small cap stocks?
2:50 – How to check your mutual fund to see what investment style it uses.
3:55 – Should you be making changes to your portfolio?
5:10 – Confidence Corner: Decision-making roadblocks.
6:00 – Roadblock: too many decisions to make.
8:31 – Roadblock: Doing research yourself can overwhelm you in a hurry.
10:14 – You need someone that can hold your feet to the fire.
12:19 – Experience is the main educator that we have.
14:22 – Roadblock: You just don’t like talking about money.
16:58 – Roadblock: Traumatic life events.
20:18 – Fun fact of the week.
Get the full show notes and additional resources by clicking…
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Sep 5, 2019
Discussing the Laws of Investing, Part 3
Just why do you make the decisions that you do? You may think it has to do with facts and figures, but your behaviors and how you respond to risk and reward determine a lot of your actions. This is part three of that discussion.
Click here to see the full show notes for this episode.----more----
Today's rundown:
2:48 - Law #9: Big results are driven by tail events.
6:09 - Law #13: Diagnosis errors create a tendency toward action.
9:24 - It won’t help you to have more action and changing things around.
10:27 - Law #15: Behavior is over analytics, because one can’t be taught and the other can.
13:20 - Data is influential but the chemicals in our brain make the ultimate decision.
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Aug 29, 2019
Discussing the Laws Of Investing, Part 2
Do you truly know why you make the investment decisions you do? Many of them are based on mainstream beliefs but how much do you know about where they are rooted? Are you following these laws of investing (knowingly or not)? This is part two of that discussion.
Check out the full show notes by clicking here.----more----
Today's rundown:
1:14 - “The Laws of Investing” has many topics worth considering based on a number of theories about investing.
2:15 – Law #3: Career realities create a mismatch between cash flow and time horizon.
4:16 – Law #4: People with different time horizons and different goals want different things from the same asset.
7:16 - Law #5: Luck and risk are the opposite sides of the same coin but we treat them differently.
11:18 – Law #6: The biggest risk is always whatever no one is talking about.
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Aug 22, 2019
Discussing the Laws Of Investing, Part 1
Stop to consider why you do what you do. Now, consider why you make the financial decisions you make. Are you following these laws of investing (knowingly or not)? This is part one of that discussion.
Check out the full show notes by clicking here.
You can also access the Laws of Investing PDF mentioned during the show here.
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Today's rundown:
2:26 - “The Laws of Investing” has many topics worth considering based on a number of theories about investing.
4:31 - These influences can have an impact across all investment sectors, this is really about human behavior.
7:02 - You have to diversify your portfolio.
7:43 - Law #1: Optimism and pessimism is always going to overshoot.
8:57 - Volatility will always be there, so don’t let it scare you.
11:26 - Education provides a peace of mind.
11:57 - Law #2: Calm plants the seeds of crazy.
14:57 - Stability is actually destabilizing.
16:22 - Understand the signs of a scary time, but know it doesn’t always lead to o…
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Aug 15, 2019
Understanding The SECURE Act, Part 3
We’re back to breaking down the SECURE Act once again on the podcast. Back in July, we covered a couple of the provisions under the proposed act like penalty-free distributions for the birth or adoption of a child, tax credits, and the lifetime income disclosure for defined contribution plans. But we only briefly touched on the removal of provisions for the Stretch IRA. On this episode, we’ll spend some more time on the Stretch IRA and how the SECURE Act could reshape it if it passes into law.
https://thefinancialanswer.com/
1:32 – A refresher of what the SECURE Act is.
2:10 – Myth: The Stretch IRA isn’t being fully “shut down”. It’s being changed, but not necessarily eliminated.
3:23 – It really impacts high earners because of how quickly you’ll have to withdraw large sums.
5:10 – Does this also impact inherited IRAs?
5:56 – The rule could go in place by end of the year.
6:38 – Could people still do a spousal rollover?
7:18 – Nathan & Marc play out…
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Aug 8, 2019
How to Handle Stock Market Declines
If you’re someone that keeps a close eye on the stock market, it’s going to be impossible to miss the dips. That’s especially true when the market drops close to 10 percent, which happened recently. This is never easy to stomach but understanding how common this is and what you can do to offset these losses will ease your mind.
Check out the show notes by clicking here.
Today's rundown:
0:54 – It’s been a big week in Nathan’s life.
1:47 – Ways to fight the fears during a market decline.
2:38 – Loss of money creates a stronger reaction than earning money.
3:41 – Market declines are part of investing.
4:41 – 10% dips every year are common, even during this 10-year bull run.
5:33 – You only have to go back to December 2018 to see the last big dip.
7:12 – Diversification matters and this is a time you really see why.
9:03 – Best performing assets vs the worst performing in recent years.
10:33 – How to counter-balance your stocks with something less vo…
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Aug 1, 2019
Will Your Beneficiaries Be Able To Access Your Accounts After You Die?
Ever stop to think about what happens to all of your online accounts when you die? Does someone else have the password in order to gain access just in case? Making a plan for this now will make it easier on your loved ones.
Check out the full show notes here.----more----
Take a look at the rundown below:
2:16 - In the News: Democratic presidential candidate Pete Buttigieg and his plan for shoring up Social Security.
4:11 - Bernie Sanders proposes raising the tax rate for Social Security.
5:35 - Buttigeg’s plan will not shore up Social Security for even 80 more years, so is it a good enough fix?
7:32 - What if the age of retirement was pushed back instead?
10:39 - The “password problem” is a constant issue if your spouse or family member passes away but you cannot log in.
14:44 - There are a lot of options of what you can do with passwords as retirees and pre-retirees.
15:56 - One solution is using LastPass on the different programs you use, which is free for individuals.…
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Jul 25, 2019
What Does Financial Security Look Like For You?
We all want it, but what exactly is financial security? Everyone defines it differently and today will discuss some of those meanings. But first, in the news, we talk about how technology is changing the road ahead (literally!) and what that means as an investor.
Check out the full show notes for this episode by clicking here. ----more----
Take a look at what you can expect this show:
2:30 - In the News: Ford is aiming to bring 100 self-driving cars on the road by the end of the year.
5:32 - In the News: Netflix has gone up 8500% in the last ten years, but some predict it will decline now that everyone is streaming.
8:05 - One motivator for financial security is to keep from being a burden on the kids.
10:43 - You don’t want to run out of money.
14:05 - The market jumping up and down drives you crazy.
16:17 - Quote of the Day: “Expect the best. Prepare for the worst. Capitalize on what comes.” - Zig Ziglar
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Jul 18, 2019
Crazy Financial Facts From The Past And What They Mean Today
Did you know…? Looking at some crazy and random financial facts can be fun, interesting, and at times, even a bit confusing. Maybe you know where the stock market is now, but do you know what it looked like in the 1970s? What about the 1930s? We’ve come a long way, and it’s important to understand the facts of the past in order to know what to do in the present.
Read more on this topic and see the show notes here. ----more----
Here's a rundown of this episode:
2:31 – In 2009, the U.S. stocks fell back to where they were in 1996.
5:00 – The Dow gained only 38 points in the ‘70s.
8:42 – When long-term U.S. government bonds outperformed the stock market.
12:18 – How much the Dow lost in the early 1930s.
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Jul 11, 2019
Does it Benefit You to Have Multiple Financial Advisors
We’ve been trained to believe that more is better but is that always true in the financial world? Having more than one advisor might seem like a great way to diversify your portfolio, but can it end up doing you more harm than good? This episode focuses on that topic to help you decide what will benefit you the most.
To read more about this topic and see the show notes, click here. ----more----
Want to save a little time? Click on the timestamp below to skip ahead to a specific topic:
2:17 – INTRODUCING TODAY’S TOPIC AND WHY IT’S IMPORTANT
3:21 – WHY IS MULTIPLE ADVISORS THE WRONG WAY TO GO?
4:25 – ESTABLISHING PROPER DIVERSIFICATION IN YOUR PORTFOLIO
7:10 – HOW AND WHEN TO REBALANCE YOUR PORTFOLIO
9:44 – SPREADING YOUR INVESTMENTS MIGHT EVEN BE COSTING YOU MONEY
12:26 – WHAT ABOUT YOUR MOST PRECIOUS ASSET: YOUR TIME?
14:20 – THE INSTITUTIONAL MODEL AND WHY YOU SHOULD CONSIDER IT
15:40 – SO YOU’VE DECIDED TO GO WITH ONE ADVISOR, NOW HOW DO YOU SELECT T…
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Jul 3, 2019
Understanding The SECURE Act, Part 2
The SECURE Act will bring several changes that may impact your retirement planning, and Nathan will go over four more of those provisions. This concludes our two-part series on the SECURE Act 2019.
Full show notes: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-part-2/
----more---- Confidence Corner 1:50 SECURE Act 2019 (continued)
* This is part two talking about the SECURE Act, so go back to the previous podcast for part one.
* First major retirement legislation since 2006. 29 new provisions, but we will talk about eight. This is not yet finalized and the Senate has a similar bill. 4:26 Tax credits for automatic enrollment
* This will be an incentive for small companies to automatically enroll employees into a retirement plan. Employees will have the option to opt-out. The credit will go to the business owner to help offset the cost of setting up the plan.
* So many Americans are employed through small businesses, so hopefully this will help more pe…
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Jun 27, 2019
Understanding The SECURE Act, Part 1
Recently passed through the House, the SECURE Act has a lot of new retirement implications. You’ll want to hear the next two episodes of the podcast as we break down the act in a two-part series. We’ll cover what this might mean for your retirement plan.
Confidence Corner
1:34 All about the SECURE Act of 2019
* First major retirement legislation since 2006.
* SECURE Act stands for “Setting Every Community Up for Retirement Enhancement” Act.
* Passed through the House but still has to go through the Senate.
4:42 Small business retirement plans
* Title 1, Section 101 will help small business employers to increase access to retirement plans.
* The majority of Americans are employed by small business owners. It will give the employer tax benefits.
* For small companies, 401(k) costs are big, so this will help incentivize small business owners. To do this, businesses will be lumped together potentially to the share the cost of a retirement plan.
7:56 Increased ann…
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Jun 20, 2019
Presidential Financial Planning
Presidents are known for leaving us with memorable quotes that live on for decades after they’ve left office. On today’s show, we’ll take a look at some famous presidential quotes and see what financial planning lessons we can extract. And in current events, Nathan will take stock in how the market is currently performing (pun intended).
Full show notes here: https://thefinancialanswer.com/podcasts/presidential-financial-planning/
----more----
In The News
* 2:20 Market Update
* The Dow is up right now and getting close to its previous highs. The ride up is fun, but it can be scary to think about people’s reactions when it will eventually turn and go back in a downward direction.
* Nobody can see the future. And also, it’s important to remember that the Dow is just an index, an indication of the market as a whole.
* Market volatility will always be there, it’s part of investing. Confidence Corner Presidential Quotes
5:45 “When only one side of a story is h…
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Jun 12, 2019
Stuff That Doesn’t Work
There are lots of theories and techniques that no matter what, just doesn’t work. On the podcast today, Nathan will respond to some of these common ideas in the financial world (as well as a few fun ones outside of it). Have you tried any of these?
Check out the full show notes of this episode: https://thefinancialanswer.com/podcasts/stuff-that-doesnt-work/
----more----
In The News
2:17 In the news: Yield curve inversion
* The yield curve inversion is the ten-year yield compared to the two year one.
* The ten-year treasury is paying less than the two year.
* Historically, people say it is a sign of an economic recession to come, but that hasn’t happened every single time. Confidence Corner Stuff That Doesn’t Work
6:02 Guessing how long you’ll live based on your parents’ age
* You don’t know how long you’re going to live.
* If you’re trying to guess, start with at least five years past your parents’ lifetime but then consider your personal health as…
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Jun 6, 2019
Never Assume In Retirement Planning
Today's Question:
Making an assumption about something gets us into trouble (and makes a you-know-what out of you and me). How about common assumptions when it comes to retirement? Should we continue to believe them or look a bit deeper? Nathan talks us through these four retirement planning assumptions.
Check out the full show notes for this episode: https://thefinancialanswer.com/never-assume-in-retirement-planning
----more----
In The News
2:24 In the News: The Numbers
* According to a survey, 7 percent of Americans think chocolate milk comes from brown cows.
* Many people think they will win the lottery one day and that is their retirement plan (it’s not a plan).
* The DOW has been sliding for several weeks but is coming up again and back in the green. Confidence Corner
6:46 Assumption #1: A Roth IRA Will Save Money In The End
* For most young people that is the case, but it’s not always true for everyone.
* For younger, high-income earners it might make more…
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May 30, 2019
Traveling Through the Retirement Airport
Today's Question:
When you travel this summer, you’ll probably have a few things in mind as you go through the airport. On today’s show, Nathan will talk about the things you will also want to consider when traveling toward retirement and how it relates with some of the same experiences you have in the airport. We’ll also look at some of the latest headlines related to Required Minimum Distributions (RMDs).
VIEW THE FULL RELATED BLOG POST FOR THIS EPISODE: https://wp.me/paIiUZ-8T
----more---- In The News:
2:56 In the news: RMD age change
* Congress is working on a bill to push back the RMD age from 70.5 to 72.
* There’s always give and take, but overall Nathan likes this idea.
* One of the negatives, however, is the rule on an inherited IRA.
* Nathan discusses how it could have implications on how “retirement age” is defined in the future. In The Airport: 9:04 What to filter out
* Just like you don’t want to bring a full-size bottle of shampoo through TS…
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May 23, 2019
Different Ways You Might Respond To A Down Market
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/different-ways-you-might-respond-to-a-down-market/
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May 16, 2019
Understanding The 4 Percent Rule
Are you worried about withdrawing too much money from your accounts in retirement? Nathan explains the 4 Percent Rule and why it's been a proven strategy for determining retirement distributions. But first, join us as we unpack the latest headlines in the news.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/understanding-the-4-percent-rule/
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May 9, 2019
Vacation Planning And Retirement
As we get closer to summer, many people start planning their vacations. But what if we planned for retirement as well as we planned for vacation? Today, we’ll talk through a few ways that planning for retirement is actually a lot like planning for a vacation. We'll also consider whether the United States is happy.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/vacation-planning-and-retirement/
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May 2, 2019
Lessons From Fly Fishing
A recent fishing trip prompts Nathan to consider how fly fishing is somewhat similar to retirement planning. Later on, learn why so many retirees lack confidence as they enter retirement. We'll discuss the importance of spending with confidence.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/lessons-from-fly-fishing/
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Apr 25, 2019
Financial Planning and Future Generations
Are your adult children still expecting an allowance? Will your ideal retirement age coincide with your child’s college graduation? What kind of legacy do you want to leave?
Your children and grandchildren play a huge part in your financial planning for the future. In this podcast, we’ll talk about four areas that you should consider when it comes to your finances as it relates to future generations as well as your retirement planning.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/financial-planning-and-future-generations/
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Apr 18, 2019
A Curious Email Teaches Us About Dividend-Paying Stocks
Join us as we unpack the market's movement in 2019, learn about the Russell 2000 Index, and take a question from Roger on dividend-paying stocks.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/a-curious-email-teaches-us-about-dividend-paying-stocks/
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Apr 11, 2019
Unlikely Wisdom When It Comes to Your Finances
You might not expect it, but these celebrities bring unlikely wisdom when it comes to your finances. Have you heard these quotes?
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/unlikely-wisdom-when-it-comes-to-your-finances/
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Apr 4, 2019
How to Manage the Stress of Retirement
Retirement is sometimes considered one of the most stressful things in life. How you handle that stress as you face retirement will make all the difference in your experience.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/how-to-manage-the-stress-of-retirement/
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Mar 28, 2019
Five Things That Could Ruin Your Retirement Savings
Maybe you’ve planned well for retirement with the exception of this “one thing” that could derail your plans. Ensure nothing throws off your retirement by preparing for these five things when it comes to saving for retirement.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/five-things-that-could-ruin-your-retirement-savings/
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Mar 21, 2019
Lazy Money
Let’s talk about times when our money is lazy and how we can better put it to work. We’ll explain our definition of lazy money, why people have it (and maybe have too much of it), and how we can make better use of it.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/lazy-money/
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Mar 14, 2019
Questions You Should Be Asking Part 02
Last week we began a two-part series outlining the questions you should be asking but probably aren't as you approach retirement. In part two, we'll examine the controversial topic of life insurance. Some see life insurance as an income replacement, and others view it as a way to leave a legacy. Others still argue it just makes insurance companies wealthier. Join us as we challenge you to consider whether life insurance is beneficial to you in retirement.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/questions-you-should-be-asking-part-02/
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Mar 7, 2019
Questions You Should Be Asking Part 01
As you begin to think about retirement, you probably have all sorts of questions. After all, if you have yet to begin that retirement journey, you're probably overwhelmed at the thought of starting the process. While questions about income planning and long-term care are rather common, there are other questions you might not have considered as you begin to plan. Join us as we begin a two-part series outlining the questions you should be asking but probably aren't.
In part one of our series, we'll examine the tax implications of your retirement accounts. If you've been squirreling away your savings in tax-deferred accounts, you could be in for a shock when it's time to begin withdrawing from them. Begin devising your tax strategy, and discover ways to optimize your portfolio to alleviate your tax burden in retirement.
Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialans…
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Feb 14, 2019
Financial Therapy
Let's think of your financial advisor as your financial therapist. We'll discuss some scenarios where it’s almost inevitable that a talk with your advisor seem like a counseling session. Perhaps it would help to reflect on what financial wisdom your grandmother shared with you. Maybe your financial therapist can help you with your 401(k) mistakes.
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Feb 7, 2019
Retirement: It Ain't What It Used To Be
In some ways, retirement planning was easier for past generations. Let's take a look at how planning has changed through the years. Later, Nathan will take a multiple choice quiz. Finally, he will help you avoid any financial mistakes that might be made if you are going through a divorce.
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Jan 31, 2019
Common Complaints About Finances
We often hear people express similar complaints about their financial situation. Are most of these complaints legitimate, or are people focusing on the wrong things?
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Jan 24, 2019
Bouncing Back
On today's episode, we'll help you bounce back from financial mistakes, and mediate some common spousal disagreements.
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Jan 10, 2019
New Year's Resolutions
It’s usually not hard to come up with ideas for New Year’s resolutions—things like exercising more, eating healthier, reading more books, or getting more sleep. The key is HOW you’re going to make those things happen. And it’s no different with financial resolutions. We'll tell you how to achieve some financial goals that you could set for yourself this year.
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Jan 3, 2019
Stock Market Update: Holiday Hijinx
The stock market was incredibly volatile over the recent holiday season. What could it mean for your retirement? Nathan will analyze the recent ups and downs in the market.
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Dec 20, 2018
Common Money Mistakes
There are so many moving parts to a successful retirement. It's easy to overlook something as you consider things like taxes, 401(k)s, IRAs, social security, legacy planning, and much more. Nathan will cover some common mistakes that can be made in this critical point in life, so that you know how to avoid them.
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Dec 13, 2018
Financial Stocking Stuffers
Let’s assume that all of our listeners are on the “nice” list, so they should be getting good gifts in their financial stocking. We'll discuss some stocking stuffers that Santa could put in for your finances.
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Dec 6, 2018
Client Personalities
There are many types of personalities out there when it comes to financial matters, and most of our listeners will fit into one of these classifications. Hear how we can design a plan that fits your personality. Later, we'll cover social security myths.
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Nov 29, 2018
Moving The Goalposts
We’ve found that people often move the goalposts in their own retirement planning, often to their detriment. Let’s talk about some of the ways that people are likely to change their goals and deadlines. We'll also go over important Medicare questions.
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Nov 22, 2018
Retirement: It Ain't What It Used To Be
In some ways, retirement planning was easier for past generations. Let's take a look at how planning has changed through the years. Later, Nathan will take a multiple choice quiz. Finally, he will help you avoid any financial mistakes that might be made if you are going through a divorce
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Nov 15, 2018
End Of Year To-Do List
Once you factor in Thanksgiving, shopping that needs to be done, holiday parties to attend, and travel that you’ll be doing...it will seem like the end of the year will be here sooner than you thought possible. So let’s talk about the financial matters that might need to be on your end-of-year checklist. One possible new year's resolution would be to conquer your financial fears.
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Nov 8, 2018
The Retirement Checklist
Just like a pilot going through his pre-flight checklist before takeoff, it’s important that you go through your pre-retirement checklist before walking away from a paycheck. Let's look at some of the items on this list.
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Nov 1, 2018
Stock Market Update: October Slump
The stock market has been dealing with some volatility recently. What could it mean for your retirement portfolio? Nathan will also help you avoid rookie mistakes in financial planning, and give a crash course in understanding your statements.
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Oct 25, 2018
Financial Therapy
Let's think of your financial advisor as your financial therapist. We'll discuss some scenarios where it’s almost inevitable that a talk with your advisor seem like a counseling session. Perhaps it would help to reflect on what financial wisdom your grandmother shared with you. Maybe your financial therapist can help you with your 401(k) mistakes.
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Oct 18, 2018
Robo-Advisors
We'll discuss the pros and cons of robo-advisors. Could they be a fit for your financial plan? Nathan will give his professional opinion.
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Oct 11, 2018
Score A Touchdown In Retirement
At this time of year, you can find football on TV almost every night of the week. So let’s take some concepts from the game of football and apply them to our retirement planning. We'll also huddle up and make a game plan for using bonds and preparing for taxes in retirement.
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Oct 4, 2018
Unhealthy Financial Foods
Let's explore some unhealthy foods and find their parallels in the financial world. You will also learn about some of the landmark ages in retirement planning, as well as why life insurance might be a good fit for your needs.
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Sep 27, 2018
Irreversible Decisions
There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. To help make that right call, we'll discuss reading the fine print on several investments, as well as some tips to finding satisfaction in retirement.
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Sep 20, 2018
The Financial Hurricane
Since much of the country has recently spent a lot of time watching the Weather Channel and getting a refresher on how hurricanes work, let’s take the opportunity to see what we can learn about retirement planning from a discussion about hurricanes.
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Sep 13, 2018
Between Jobs
Finding yourself between jobs can be frustrating—whether you were fired, laid off, or just had to step away of your own choosing. But it can also present some opportunities. Let’s discuss some of the challenges and opportunities that you need to consider if you’re between jobs. We'll also see how Nathan goes against the grain of the financial industry.
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Sep 6, 2018
Retirement Planning: It Ain't What It Used To Be
In some ways, retirement planning was easier for past generations. Let's take a look at how planning has changed through the years. Later, Nathan will take a multiple choice quiz. Finally, he will help you avoid any financial mistakes that might be made if you are going through a divorce.
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Aug 30, 2018
Agree Or Disagree?
We'll discuss whether you can actually handle the risk you are taking in your portfolio. We'll also see if Nathan agrees or disagrees with certain statements.
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Aug 23, 2018
Don't Get In Your Own Way
Let’s talk about some of the common ways that people get in their own way when it comes to financial planning. Maybe some disturbing statistics will help us understand why this happens. To make sure you don't get in your own way, let’s lay out the priorities you should focus on during your last decade of earning a paycheck
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Aug 16, 2018
Unhealthy Financial Foods
Let's explore some unhealthy foods and find their parallels in the financial world. You will also learn about some of the landmark ages in retirement planning, as well as why life insurance might be a good fit for your needs.
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Aug 9, 2018
It's Anyone's Guess
Most people, when trying to plan their retirement, have to guess about the answers to some important questions. Let’s talk about some of those questions and why you need to have a better answer than just a guess. To help find these answers, let's help you recognize your inner voice of greed, along with financial jargon that some advisors might try using on you.
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Aug 2, 2018
Unanswerable Questions
Nathan will help answer some questions that you can't answer for yourself. We'll also detail how to customize a plan to your values, and why hiring an advisor is in your best financial interest.
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Jul 26, 2018
Fill In The Blanks
If you have kids, more often than not, they usually come up in the discussion when you’re talking about your retirement plans. Let’s talk about some of the ways that children sometimes end up being part of the discussion. We'll also discuss how to make it through the retirement red zone and fill in some blanks in your plan.
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Jul 19, 2018
What Is A Fiduciary?
Let's explore the meaning behind the fiduciary standard and the importance of legacy planning.
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Jul 12, 2018
Better Late Than Never
Join us as we seek to avoid cutting corners in retirement planning. Learn what you can do if you're arriving late to the retirement planning table. All that and more on today's episode of The Financial Answer with Nathan O'Bryant
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Jul 5, 2018
Unreasonable Requests
While certainly none of our listeners would be guilty of making any of these unreasonable requests, let's talk about some of the unreasonable requests we sometimes hear. We'll also piece together a financial jigsaw puzzle and check in on your advisor.
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Jun 28, 2018
The Retirement Pyramid
What is risk aversion, and does it affect you? Find out what Nathan has to say. We'll also cover the tax consequences of your investments and climb the retirement pyramid.
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Jun 21, 2018
Unique Challenges In Retirement
It's time to answer some more questions with The Financial Answer. Nathan will go over things that financial advisors wish their clients knew, and will also guide you through unique challenges that could be facing your retirement plan.
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Jun 14, 2018
Mind The Gap
If you've ever ridden the subway in London, you've probably noticed the "Mind The Gap" signs warning you to beware of the gap between the train door and the station platform. Let's talk about minding the gaps in your retirement plan. We'll also discuss the financial issues we tend to procrastinate.
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Jun 7, 2018
Just What The Doctor Ordered
Think of Nathan as your financial doctor. Hear what he would prescribe for some symptoms you may be experiencing. After that initial consult, we'll learn some financial lessons from quotes by Mick Jagger, as well as identify some red flags you should watch out for in your portfolio.
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May 31, 2018
The Right Fit For You
A customized retirement plan is much better than a one-size-fits-all approach. And yet, you might not have a plan that's truly customized. Find out what it means to have a plan that's unique to your needs and goals. We'll also discover what makes Nathan tick and learn how age can affect wisdom.
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May 24, 2018
Music Lessons
Learn financial lessons from some of the richest musicians in history. We'll also find out whether Nathan could be elected to the hypothetical office of financial advisor. Finally, we'll take a deep dive and examine pensions.
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May 17, 2018
Not Your Parents' Retirement
Your retirement will look much different than your parent's. Find out why. We'll also explain why there's really only three places you can invest and try to determine your spending personality.
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May 10, 2018
Mother Knows Best
In honor of Mother's Day, let's take some financial lessons from mom. We'll also try to understand the concept of non-correlated income. Finally we'll share some uncommon sense.
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May 3, 2018
Financial Codebreaking
We're not going to get too political, but join us for a discussion on financial planning in Trump's America. Later, tell your advisor to give it to you straight. It's time we stop speaking in financial code. Say what you mean.
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Apr 26, 2018
The Market Crash Hall Of Fame
Let's tour the "Market Crash Hall Of Fame", and go over some of the famous crashes in American history. Be sure you are prepared for the next one. Then, we'll discuss some things that are never said about finances, as well as things in the investment world that could drive you crazy
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Apr 19, 2018
Flirting With Disaster
Don't flirt with disaster in your portfolio. Learn where danger could be lurking. We'll also play a game of "Fact Or Fiction."
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Apr 12, 2018
Nathan's Take On Taxes
Hear Nathan's take on the U.S. tax code situation going forward. Learn about the benefits of working with an independent fiduciary advisor. Finally, watch out for these threats to your retirement income.
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Apr 5, 2018
Music Lessons
Learn financial lessons from some of the richest musicians in history. We'll also find out whether Nathan could be elected to the hypothetical office of financial advisor. Finally, we'll take a deep dive and examine pensions.
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Mar 29, 2018
Your Financial Philosophy
Nathan gets philosophical, and ponders important financial questions. We'll also give you the good news and bad news about your finances. Finally, join us as we unpack long-term care.
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Mar 22, 2018
Risks And Statistics
Learn the different types of risk that could affect your portfolio. Get a gut reaction from Nathan on some crucial statistics. Finally, we'll give you three qualities of money.
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Mar 15, 2018
The Market Crash Hall Of Fame
Let's tour the "Market Crash Hall Of Fame", and go over some of the famous crashes in American history. Be sure you are prepared for the next one. Then, we'll discuss some things that are never said about finances, as well as things in the investment world that could drive you crazy.
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Mar 8, 2018
Invest Like A Genius
Learn to invest like a genius and determine whether you need a traditional or Roth IRA. Finally, let's make sure your financial actions are lining up with your words.
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Mar 1, 2018
401(k) FAQs
Join us as we address your frequent questions about 401(k) accounts. We'll also help you set your expectations for your financial advisor.
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Feb 22, 2018
Financial Commandments
Let's establish some financial commandments and spend time talking directly to the Baby Boomers who are listening on this week's episode of The Financial Answer.
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Feb 15, 2018
Hindsight Is 20/20
Watch out for market volatility that's been occurring lately. We'll prepare you for the ups and downs on Wall Street. We'll also examine the power of hindsight and take a look at some stuff you just need to know about investing that you may not already
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Feb 8, 2018
Stock Market Update: Pullbacks, Obsolete Strategies, and The Olympics
After months of seemingly constant gains, the stock market has finally gone through a bit of a pullback with some substantial drops within the past week or so. Nathan weighs in on the recent stock market volatility. Later, we'll explore how certain financial principles have become obsolete. Finally, we'll celebrate this year's Winter Olympics by comparing some of the events to financial planning.
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Feb 1, 2018
Don't Ruin Your Retirement
Make sure you're avoiding key behaviors that could ruin your retirement. We'll also discuss longevity and examine a recent case study on IRAs.
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Jan 25, 2018
The Market Crash Survival Guide
Wary of another market crash? Have no fear. Listen for our Market Crash Survival Guide.
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Jan 18, 2018
Silver Linings
Let's look for the silver linings in your finances. We'll also clear up the confusion surrounding Social Security. Finally, learn what traits you should look for in a financial advisor.
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Jan 11, 2018
Actions Speak Louder Than Words
Learn to invest like a genius and determine whether you need a traditional or Roth IRA. Finally, let's make sure your financial actions are lining up with your words.
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Jan 4, 2018
Common Portfolio Mistakes
Discover what common mistakes you could be making in your portfolio. We'll also share some strategies that just don't work and listen to the wisdom of Mark Twain.
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Dec 28, 2017
Defense Mechanisms
Determine whether you're defensive when talking about retirement. Learn why mutual funds are out of style and whether debt is good in retirement
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Dec 21, 2017
Awkward Conversations
We'll tell you about the awkward conversations you might have with your advisor. We'll also keep you from sabotaging your financial health and correct your estate planning mistakes.
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Dec 14, 2017
The Financial Puzzle
Retirement planning is like a crossword puzzle. Find out how one wrong "answer" will affect the rest of your retirement plan. Later on, life happens. Learn how different events should factor into your portfolio.
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Dec 7, 2017
Staying On Course
Getting lost is never fun. This week, make sure you don't get lost in your financial planning. We'll also confidently proclaim financial truth and discover the different stages of retirement.
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Nov 30, 2017
The Desire To Retire
Explore your inner desire to retire, set firm financial goals, and discover how to complete a roth conversion along the way.
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Nov 21, 2017
Retirement Variables And Constants
Learn the variables and constants that will affect your retirement. Make sure you're living your retirement without regrets.
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Nov 16, 2017
The Retirement Farm
We'll teach you the lies you learn in broker school, take a trip to the retirement farm, and examine how emotions affect the decision-making process.
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Nov 9, 2017
All About The Benjamins
Everyone likes a healthy bank account. Learn the value of keeping a little cash on hand. Start preparing your end of the year checklist.
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Nov 2, 2017
Defense Mechanisms
Determine whether you're defensive when talking about retirement. Learn why mutual funds are out of style and whether debt is good in retirement.
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Oct 26, 2017
Silver Linings
Let's look for the silver lining in your finances. We'll also clear up the confusion surrounding Social Security. Finally, learn what traits you should look for in a financial advisor.
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Oct 19, 2017
Awkward Conversations
We'll tell you about the awkward conversations you might have with your advisor. We'll also keep you from sabotaging your financial health and correct your estate planning mistakes.
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Oct 12, 2017
Retirement Variables And Constants
Learn about the variables and constants that will affect your retirement.
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Oct 5, 2017
Flying Through Retirement
Discover the connection between flying and your retirement plan. Learn why your last decade at work is so important.
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Sep 28, 2017
Financial Mythbusters
Your advisor might be a great guy, but that doesn't mean he's the best fit for you. Learn why the nice-guy argument doesn't hold up, de-bunk some financial myths, and examine the missteps even responsible savers can make.
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Sep 21, 2017
Planning For The Fourth Quarter
It's easy to procrastinate, but we'll show you the importance of urgency in retirement planning. We'll also play the blame game and do a little fourth quarter planning.
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Sep 14, 2017
Financial Security
Find out what "financial security" could mean to you. Learn why your 401(k) isn't perfect. Finally, hear the stories of clients who have experienced disaster in their portfolio.
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Sep 7, 2017
Unique Financial Challenges
We'll tackle the unique challenges you could face in retirement. We'll also unpack some financial demographics and statistics.
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Aug 31, 2017
Retirement: It's Harder Than It Looks
Learn why planning for retirement is harder than it often looks. Finally, grab a pencil. Don't miss our wit and wisdom as we share some financial proverbs.
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Aug 24, 2017
Conventional Wisdom And Your Portfolio
Let's talk convential wisdom. We'll also do a little financial fishing.
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Aug 18, 2017
Facing Financial Reality
It's time to face reality. Learn the reality of planning for retirement today. Finally, discover what safe money means to you.
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Aug 10, 2017
Organizing Your Financial Junk Drawer
Learn how to organize and utilize your financial junk drawer. Examine the pain points in your portfolio.
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Aug 3, 2017
Dangerous Mindsets
Learn the different ways people inform themselves when making financial decisions. You'll also find out what some dangerous mindsets look like in retirement planning.
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Jul 28, 2017
50 Shades Of Gray Area
This week, we're headed to the movies. Don't miss out as we take you through financial classics including 50 Shades of Gray Area and It's a Wonderful Life Expectancy.
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Jul 20, 2017
The Big Distractions
We'll talk about the "shiny objects" of the financial world that distract us. Finally, we'll tell you how to spot the wrong advisor.
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Jul 13, 2017
A Client's Life For Me
We'll talk about what it's like to be a financial client. We'll also discuss how to ask the right questions.
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Jul 6, 2017
Financial Debates
We'll share our opinions on some popular financial debates.
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Jun 29, 2017
Hidden Costs of Retirement Planning
We'll examine the hidden expenses you might incur during the planning process, as well as seperating myths from truth.
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Jun 22, 2017
Myths Versus Truths
We’ll discuss the planning process. We'll also separate financial myths from truths.
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Jun 15, 2017
Fuzzy Math 101
Fuzzy math can lead to unrealistic expectations in your retirement plan. We'll explain some common fuzzy math. We will also discuss seperating myths from truths.
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Jun 8, 2017
Unique Challenges You'll Face In Retirement
There is no one-size-fits-all retirement plan. We'll discuss the unique challenges you could face. We'll also talk about some demographic statistics that might affect your planning process.
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Jun 1, 2017
First Steps
Putting together a financial plan can be overwhelming. We'll make it a little easier by helping you figure out the first steps. Finally, we'll discuss some assumptions about retirement planning you shouldn't make.
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May 25, 2017
Retirement Planning Myths
There's an almost endless list of retirement planning myths. We'll ty to debunk some of them. We'll also give some advice on market corrections.
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May 18, 2017
What We Wish You Knew
We'll share with you some things we as financial experts wish you knew before your first appointment with an advisor.
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May 11, 2017
It's Just Not That Complicated
Retirement planning doesn't have to be complicated. We'll talk about why some people make it harder than it should be. We'll also talk about his and hers financial planning.
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May 4, 2017
Little White Lies
We explain how retirement planning is a little bit like going to the grocery store. We'll also explore some of the lies we tell ourselves about our finances.
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Apr 27, 2017
No Excuses!
We'll uncover some of the little white lies found in the financial world. We'll also talk about the excuses people make for their bad financial decisions.
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Apr 20, 2017
Are You An Optimist Or A Pessimist?
We get a lot of questions about 401(k) accounts. Today, we'll spend some time answering those questions. We'll also determine whether you're an optimist or pessimist when it comes to retirement planning.
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Apr 13, 2017
Reality Check
Sometimes, you need to hear the truth when it comes to understanding your retirement. On this edition of the show, you're in for a reality check. We'll also give you some essential tips for income planning.
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Apr 6, 2017
Retirement Ready
On this edition of the show, we'll talk about being ready for retirement. We'll also teach you everything you need to know about Required Mimimum Distributions.
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Mar 30, 2017
Improve Your Approach To Retirement
There's always room for improvement when it comes to your financial strategy. We'll give you some tips for enhancing your approach to retirement and the questions you should be asking a potential advisor.
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Mar 23, 2017
What Questions Should You Be Asking?
People ask us questions about retirement all the time, but there are other questions they should be asking. We'll talk about those un-asked questions as well as popular retirement regrets.
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Mar 16, 2017
Being Ready To Retire
We'll talk about what it means to be ready to retire as well as why some people aren't. We'll also explain the ins and outs of Required Minimum Distributions.
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Mar 9, 2017
Common Complaints
We'll explain some of the common complaints we hear potential new clients give about their current situation. We'll also discuss some universal retirement truths.
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Mar 2, 2017
Bouncing Back From Financial Mistakes
Almost everyone has made investment mistakes at some point. On this edition of the show, we'll talk about how to bounce back from mistakes and avoid making them in the future. We'll also talk about the common financial conflicts among spouses.
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Feb 23, 2017
Financial Chores
Noboby likes doing their chores, but it's important to keep a clean house. On this edition of the show, we'll show you the value of tidying up your financial life.
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Feb 16, 2017
Why Your Retirement Is Not A Game Show
Game shows are a lot of fun to watch on television, but when you turn your retirement plan into one, it's probably not a good thing. On this edition of the show, we'll discuss the perils of planning for retirement like you're a TV contestant. We'll also go through some popular social security myths.
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Feb 2, 2017
Decluttering Your Finances
Have you ever had to clean out a cluttered closet? It's a pain, but feels so good once it's done. On this week's show, we'll use that as a comparison to see what it's like to get decluttered from a financial perspective. And if that's not enough, we'll uncover some of the top money mistakes pre-retirees make and discuss how you can achieve financial independence in retirement.
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Jan 26, 2017
The "Greatest Generation"
Let's see what we can learn from the folks who are a part of the "Greatest Generation." People from that period of our history did a fine job of embracing sound personal financial concepts, and we can learn a lot about retirement planning from their philosophies toward money. Also, is your financial "advisor" truly an adviser? We'll discuss some of the important things a financial advisor SHOULD do for you as their client, and what you should do if they're not helping in these certain areas.
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