The Financial Answer with Nathan O’Bryant

You don’t know what you don’t know. So, we go over five questions that might shed some light on ways to make your retirement plan better and more efficient.
 
Read more and get additional financial resources here: https://wp.me/paIiUZ-jy 
 
What we discuss on this episode: 
0:41 - Praying for everyone impacted by the floods.
2:55 - How much will taxes cost?
6:29 - How much can I withdraw from savings each year?
9:14 - Should I still have life insurance in retirement?
12:45 - What kind of medical coverage would I need?
17:02 - What value are you getting for the fees you’re paying?

Everyone has different visions and goals for what they want out of retirement. What kind of retirement do you want? Figuring this out can help you better plan accordingly to make sure you accomplish your goals with your retirement savings.  
 
Read more and get additional financial resources here: https://thefinancialanswer.com/podcasts/understanding-values-based-planning/ 
 
What we discuss on this episode: 
1:39 - What kind of retirement are you wanting?
4:43 - Do you want to spend and buy in retirement?
7:09 - Do you have big travel plans?
9:52 - Are you helping kids and grandkids with college? 
11:53 - What kind of account options do you have?

Accumulating money is one thing, but decumulation requires a whole different strategy. What do you need to know in order to be successful? 
 
Read more and get additional financial resources here: https://wp.me/paIiUZ-jj 
 
What we discuss on this episode: 
1:18 - Let’s talk decumulation.
2:26 - A lack of support could hurt you.
3:59 - The fear of spending is real.
9:10 - What risks could you face?
11:10 - Multiple buckets of money can make a difference.
13:06 - Should we be looking at tax consequences?
15:53 - Leverage your lifetime income. 

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.

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.

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?

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?

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?

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?

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?