The Financial Answer

For Couples, Retirement Planning Is A Team Sport

Retirement planning as a couple can come with its share of challenges. You aren’t planning for the financial future of just one person, but two! Often, each person comes with their own set of fears, feelings, and feedback.
In today’s podcast, Nathan delves into why retirement planning should be a team effort and how couples can work together to avoid common pitfalls.
 
Here’s some of what we discuss in this episode:
The importance of communication and open dialogue.
Discussing the details of the plan.
Agreeing on the risk tolerance.
Establish a healthy budget and spending habits.
 
For more, visit us online: http://thefinancialanswer.com  

Unlock Your Potential During National Financial Planning Month

As we celebrate National Financial Planning Month, there's no better time to take control of your financial future. In today’s podcast, Nathan discusses the ins and outs of building a personalized financial plan. Whether you're just starting out or looking to refine your strategy, Nathan's insights are invaluable for anyone looking to secure their financial future.
 
Here’s some of what we discuss in this episode:
Why Nathan became a financial advisor.
What the initial phases of the planning process looks like.
Why financial education is important.
What to do if you’ve been procrastinating with your financial plan.
 
For more, visit us online: http://thefinancialanswer.com  

IRS Rules for RMDs

Recently, the IRS provided some much-needed clarity on the Secure Act changes, specifically regarding Required Minimum Distributions (RMDs). In today’s podcast, Nathan breaks down these updates and explains their implications for your financial strategy.
Here’s some of what we discuss in this episode:
An overview of the Secure Act.
Clarity on the RMD rules.
The impact on your financial plan.
Market volatility and diversification.
For more, visit us online: http://thefinancialanswer.com  

August 2024 Market Update

Market volatility can be a nerve-wracking experience for any investor. Recent fluctuations have left some questioning the future of their investments. Nathan outlines which crucial strategies to follow in order to help you manage your investments, no matter how turbulent the times. From staying invested to rebalancing your portfolio, these tips are designed to keep you on track toward your financial goals.
Here’s some of what we discuss in this episode:
Staying invested.
Continuing to invest.
Rebalancing your portfolio.
Taking advantage of tax loss harvesting.
Being cautious right before retirement.
For more, visit us online: http://thefinancialanswer.com  

What is Blackrock's 100% Stock ETF Hedge?

In the ever-evolving landscape of financial products, BlackRock has recently introduced a stock ETF with a 100% downside hedge. This announcement has generated a buzz among investors, but what does it really mean? In our latest podcast, Nathan breaks down the complexities of this new offering and provides crucial insights for investors.
 
Here’s some of what we discuss in this episode:
Understanding the 100% downside hedge.
The role of buffered ETFs.
Pros and cons of this ETF.
 
Reuters Article:
https://www.reuters.com/business/finance/blackrock-launches-stock-etf-with-100-downside-hedge-2024-07-01/
 
For more, visit us online: http://thefinancialanswer.com  
 
 

3 Things to Consider if there’s a “Recession” in 2024

As we navigate through the year, the economic and political landscape remains a topic of concern and speculation. Are there still predictions of a recession looming over us? If so, how can you shore up your financial position, no matter what the future may hold?
 
Here’s some of what we discuss in this episode:
Reduce your debt.
Stress-test your finances.
Boost emergency savings.
Stay informed about your financial health.
 
Recession predictions article: https://www.cnbc.com/2023/12/26/the-us-avoided-a-recession-in-2023-whats-the-outlook-for-2024.html
For more, visit us online: http://thefinancialanswer.com  

Cryptocurrency and Your Financial Plan

Should you get into cryptocurrency? Cryptocurrency has been a hot topic for years, often seen as the Wild West of the financial world. However, recent developments suggest that this once-fringe investment is moving into the mainstream. One of the most significant milestones is the SEC's approval of a spot for Ethereum as an ETF. Nathan shares how he views this form of investing and how it may or may not fit in your financial plan.
 
Here’s some of what we discuss in this episode:
SEC has approved a spot for Ethereum as an ETF.
Ethereum is becoming more mainstream as it moves from fringe to legitimacy.
The tokenization of real-world assets.
Should you get into crypto?
 
The Motley Fool Article: https://www.fool.com/investing/2024/06/09/ethereum-is-making-big-moves-3-reasons-im-buying-i/
For more, visit us online: http://thefinancialanswer.com  

Financial Lessons from Dad

In this special Father's Day episode, Nathan dives into classic “dadisms” to draw out valuable financial lessons from them. We discuss the importance of avoiding knee-jerk financial decisions, understanding the true weight of financial burdens, and the dangers of chasing that "better parking spot" in your investment portfolio.
 
Here’s some of what we discuss in this episode:
Dad joke, “Do I need to amputate?”
“It’s not heavy, it’s just awkward.”
Winning the game and sticking with the plan.
Finding a “better” parking spot for your money.
 
For more, visit us online: http://thefinancialanswer.com  

All In One Basket: Financial Diversification

Are you guilty of putting all your eggs in one financial basket? The latest episode of our podcast delves into the critical topic of investment diversification. We discuss everything from common mistakes Nathan sees to historic examples of when the financial bubble burst. What does true diversification look like and how can you achieve it in your portfolio?
 
Here’s some of what we discuss in this episode:
The dangers of having everything in one basket.
Misconceptions about mutual funds.
Trying to diversify with different financial advisors.
The importance of transparency and communication.
 
For more, visit us online: http://thefinancialanswer.com  

Explaining Penalty Relief for Inherited Withdrawals

While the stretch IRA has been gone for a few years now, a new tweak in the rules has added some confusion. On today’s episode, we discuss what this may mean for inherited IRAs and look at a recent article from CNBC to break it down. Currently, there is a 10-year rule to withdraw from an inherited IRA account, but the IRS is allowing a penalty relief in 2024 to certain heirs considered “non-eligible designated beneficiaries” as they work to figure it out.
 
Here’s some of what we discuss in this episode:
What the IRS did in 2024 about inherited withdrawals.
What the tax implications could be in the future.
If you should get a Roth conversion.
 
CNBC article: https://www.cnbc.com/2024/04/19/irs-waives-required-withdrawals-from-some-inherited-ira-for-2024.html
For more, visit us online: http://thefinancialanswer.com