The Financial Answer with Nathan O’Bryant

We all want it, but what exactly is financial security? Everyone defines it differently and today will discuss some of those meanings. But first, in the news, we talk about how technology is changing the road ahead (literally!) and what that means as an investor.
Check out the full show notes for this episode by clicking here. 

Did you know…? Looking at some crazy and random financial facts can be fun, interesting, and at times, even a bit confusing. Maybe you know where the stock market is now, but do you know what it looked like in the 1970s? What about the 1930s? We’ve come a long way, and it’s important to understand the facts of the past in order to know what to do in the present.
Read more on this topic and see the show notes here. 

We’ve been trained to believe that more is better but is that always true in the financial world? Having more than one advisor might seem like a great way to diversify your portfolio, but can it end up doing you more harm than good? This episode focuses on that topic to help you decide what will benefit you the most.
To read more about this topic and see the show notes, click here. 

The SECURE Act will bring several changes that may impact your retirement planning, and Nathan will go over four more of those provisions. This concludes our two-part series on the SECURE Act 2019.
Full show notes: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-part-2/

Recently passed through the House, the SECURE Act has a lot of new retirement implications. You’ll want to hear the next two episodes of the podcast as we break down the act in a two-part series. We’ll cover what this might mean for your retirement plan.
 
Confidence Corner
1:34 All about the SECURE Act of 2019
First major retirement legislation since 2006.
SECURE Act stands for “Setting Every Community Up for Retirement Enhancement” Act.
Passed through the House but still has to go through the Senate.
4:42 Small business retirement plans
Title 1, Section 101 will help small business employers to increase access to retirement plans.
The majority of Americans are employed by small business owners. It will give the employer tax benefits.
For small companies, 401(k) costs are big, so this will help incentivize small business owners. To do this, businesses will be lumped together potentially to the share the cost of a retirement plan.
7:56 Increased annuity options inside retirement plans
A lot of 401(k)s allow annuitization options when you retire in order to turn your 401(k) into a pension. This will be a required option inside the 401(k)s to provide a guaranteed number.
10:29 Increasing the RMD age
This is what is gaining the most publicity. Right now, you have to take required monthly distributions at age 70 and a half. Under this bill, that will increase to 72 years old.
People are living longer, so this may help spread the distributions out.
For a lot of people, Nathan doesn’t feel like this will make enough of a difference. If people need to take these distributions earlier anyway, then it’s not as big of a benefit.
15:01 Removing age limitations on IRA contributions
Right now, you cannot contribute to an IRA after age 70 and a half due to RMDs.
If you are still working, you can continue to contribute to a 401(k) or a Roth.
 
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 Presidents are known for leaving us with memorable quotes that live on for decades after they’ve left office. On today’s show, we’ll take a look at some famous presidential quotes and see what financial planning lessons we can extract. And in current events, Nathan will take stock in how the market is currently performing (pun intended).
 Full show notes here: https://thefinancialanswer.com/podcasts/presidential-financial-planning/

There are lots of theories and techniques that no matter what, just doesn’t work. On the podcast today, Nathan will respond to some of these common ideas in the financial world (as well as a few fun ones outside of it). Have you tried any of these?
Check out the full show notes of this episode: https://thefinancialanswer.com/podcasts/stuff-that-doesnt-work/

Today's Question:
Making an assumption about something gets us into trouble (and makes a you-know-what out of you and me). How about common assumptions when it comes to retirement? Should we continue to believe them or look a bit deeper? Nathan talks us through these four retirement planning assumptions.
Check out the full show notes for this episode: https://thefinancialanswer.com/never-assume-in-retirement-planning

Today's Question:
When you travel this summer, you’ll probably have a few things in mind as you go through the airport. On today’s show, Nathan will talk about the things you will also want to consider when traveling toward retirement and how it relates with some of the same experiences you have in the airport. We’ll also look at some of the latest headlines related to Required Minimum Distributions (RMDs).
VIEW THE FULL RELATED BLOG POST FOR THIS EPISODE: https://wp.me/paIiUZ-8T

Click the link to receive your FREE Retirement Rescue Toolkit: http://investorcoach.net/rrtools/
Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/different-ways-you-might-respond-to-a-down-market/