The Financial Answer with Nathan O’Bryant

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?

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?

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?

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?

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?

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?

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?

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?

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?

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?