The Financial Answer

Financial Things That Are Overrated

You may hear of a lot of financial things that sound good, but are they actually overrated? Over the next two shows, we’ll talk about things that are overrated and then later, underrated. When preparing for this particular episode, Nathan had the book The Psychology of Money by Morgan Housel in mind. This book of essays talks about how money messes with your mind and is an easy and enjoyable read. If this sounds like a good book for you, Nathan is giving a few away! Find out how on today’s show.
 
Here’s what we talk about on today’s show:
Tax advantages can be oversold. (7:38)
Rates of return aren’t all you want to pay attention to. (10:04)
Commission-based investment accounts may not be right for you. (15:31)
 
For more, visit us online: http://thefinancialanswer.com 

Your Biggest Financial Assets

Your finances include a variety of different assets. Are you paying enough attention to your biggest financial assets? Make sure you have a conversation about these assets with your advisor instead of going at it alone. Take the time to include these assets in your overall financial plan and understand what part they play in your retirement.
 
Here’s what we talk about on today’s show:
The three biggest financial assets you have. (1:21)
Are you spending enough time on your 401(k)? (2:10)
How do you view your house? (9:34)
Social Security should not be overlooked in your plan. (14:40)
 
For more, visit us online: http://thefinancialanswer.com 

What We Can Learn from Seinfeld

Every once in a while, we all need a good laugh. So, let’s look to a famous comedian to see what we can learn about our finances. Jerry Seinfeld has a lot of content to work with, so we take some of his quotes and apply them to our financial lives. But first, we talk about the housing market, the stock market, inflation, and interest rates.
 
Here’s where you can find that satisfaction you crave:
 
“Sometimes the road less traveled is less traveled for a reason.” (6:03)
“It’s amazing that the amount of news that happens every day somehow fits in the newspaper.” (7:28)
“Confidence is a fascinating commodity.” (12:47)
“I am so busy doing nothing…” (14:27)
 
For more, visit us online: http://thefinancialanswer.com 

Can’t Get No Satisfaction... Or Can You?

Want to know the secrets to experiencing satisfaction in retirement? Believe it or not, it’s not all about having $10 million in the bank. Nathan shares five key factors that will leave you feeling satisfied and at ease about your financial plan and situation in retirement.
 
Here’s where you can find that satisfaction you crave:
 
Having peace of mind about what’s happening with your financial plan and portfolio. (2:15)
Knowing the who, what, why, how, and when of what’s going on with your money. (4:43)
Diversifying your income sources in retirement. (6:15)
Creating confidence in your investments and where you spend your money. (7:43)
Finding security in your healthcare plan. (10:28)
Gaining independence from the government or family assistance. (12:48)
 
For more, visit us online: http://thefinancialanswer.com 

How Money Ads Catch Your Attention

Have you been pulled in by the marketing messages behind some financial ads? We talk through the common themes and how to pick the right strategy for you.
 
What we discuss in this episode: 
0:59 - Nathan shares about the latest change at work.
3:33 - Money ads are designed to capture your attention.
4:01 - “Invest like you’re the 1 percent.”
7:46 - “Master this course.”
10:00 - “Secure your future.”
15:22 - “Is everything crashing down?”
 
For more, visit us online: http://thefinancialanswer.com 

Financial Diseases That Plague Retirees

What kind of financial ailment might you be dealing with? Nathan talks through the different things we need to look out for and how to stay financially healthy.
 
What we discuss in this episode: 
1:49 - What to do about acute portfolio risk-opathy?
5:19 - Suffering from old fogey’s disease?
7:44 - We all have inflation-itis.
12:27 - We can’t avoid nursing home-a-tosis.
18:54 - Uncle Sam syndrome is something no one likes.
 
For more, visit us online: http://thefinancialanswer.com 

Clearing Up Financial Myths

What financial myths have you heard and perhaps fallen for? What happens when it doesn’t work out the way you thought?
Let’s bust some financial myths today on the podcast. Whether it was true in the past or never true at all, Nathan is here to set the record straight.
 
Here's what we discuss on the podcast: 
1:24 - Remember the TV show Mythbusters?
2:11 - Should you shifting from stocks to bonds?
5:39 - Is life insurance necessary in retirement?
6:31 - Will you need less income in retirement?
11:30 - Is financial planning easier to do because of technology?  
 
For additional resources, visit us online: http://thefinancialanswer.com 

Financial Jeopardy

What is…financial Jeopardy? It’s time to play for all the points and see what financial questions Nathan can answer on today’s show.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
Key topics in this episode: 
0:56 - Let’s play some financial Jeopardy!
2:26 - This financial product has given a bad name to some of the others. 
5:45 - This requires a financial advisor to put the clients’ best interest first.
9:42 - This common retirement staple is becoming scarce.
12:50 - These force retirees to drain retirement accounts.
17:14 - This financial phenomenon will eventually return.

Financial Fortune Cookie Wisdom

What can you learn from that little piece of wisdom folded into a fortune cookie? We talk through some tidbits of wisdom and how it fits in your financial plan.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
Key topics in this episode: 
0:35 - Nathan recently celebrated an anniversary with a trip to the Big Apple.
3:46 - “The greatest danger could be your stupidity.”
7:10 - “Crisis is an opportunity…”
9:25 - “Accept something you cannot change…”
11:52 - “Don’t let statistics do a number on you.”

Sensational Financial Headlines

Are you watching the news and starting to panic? Let’s talk through some recent financial headlines and see what you should focus on.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
Key topics in this episode: 
0:56 - Are these sensational headlines worth paying attention to?
1:47 - Are we in an economic hurricane?
3:43 - Predictions aren’t always right.
6:04 - Mortgage rates are in for a bumpy ride.
9:35 - Facing the twilight of social insurance.
14:15 - Is now the golden opportunity to buy gold?