The Financial Answer

Financial planning guidance from West Tennessee’s Nathan O’ Bryant.

Retirement Blind Spots

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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.

SECURE Act 2.0

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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.

Are You Avoiding These 401K Mistakes?

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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?

Understanding Your Financial Statements

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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?

Reading the Financial Fine Print

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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?

Baseball and Retirement Planning

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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?

Avoiding Financial Mistakes During A Divorce

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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?

Unhealthy Foods and Financial Health

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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?

Financial Lessons Learned from Calvin and Hobbes

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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?

Last Ten Working Years Before Retirement

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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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