The Financial Answer

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

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:


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 work or no?

12:40 – Thanksgiving fun fact: What’s the most common alternative to turkey on Thanksgiving?

15:17 – Thanksgiving fun fact: How much is spent annually on turkeys alone?

16:24 – Listener question: My husband and I have been separated for almost 3 years but haven’t gotten around to a divorce. It’s nice that we’ve been able to file a joint tax return. Any reason to not keep doing what we’re doing?

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: 


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.

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:…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.

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: 


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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