The Financial Answer

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

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:


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.

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:


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?

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 with a 401(k) plan take an early withdrawal or a loan against.

16:47 – Email question: Listener only has about $20K left on his vehicle until he is debt free and is considering taking money out of his 401(k) to pay that off. Is that a good idea?

18:48 – Scary fact No. 6: According to Social Security, only 77% of benefits will be promised being in 2034.

21:18 - We have to make sure we have investments that are outpacing inflation in retirement.

Show notes and additional resources:

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 have to adjust your budget in retirement because of inflation and other factors.  

Show notes:

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

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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