The Financial Answer

Is Conventional Wisdom Always Best?

When should you listen to conventional wisdom and when should you buck the system? Nathan talks through a few areas where conventional wisdom isn’t always what’s best for you and your unique situation.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
Key topics in this episode: 
0:28 - Nathan just returned from a trip out west!
2:40 - People like to think real estate is a good investment.
7:00 - Get rid of bad debt …or all debt?
11:19 - If investments aren’t doing well, then what?
13:49 - Retirement is a time to relax.

Things We Don’t Consider in Retirement Planning

What do you need to plan for in retirement? Instead of burying your head in the sand, Nathan talks us through what we need to pay attention to and how to plan accordingly.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
Listen for these key points: 
0:47 - We’re kicking off the season of summer.
1:50 - The sandwich generation can be a challenge.
6:27 - Early retirement still needs a plan.
12:19 - What major purchases might come up?
15:09 - What happens when a spouse dies?

Sorting Through the Financial Junk Drawer

Celebrating our 100th episode of the podcast today, we’re going to do a giveaway! But first, we take a peek in the junk drawer to see what’s in there and what should be cleaned out, especially when it comes to your financial documents. Listen to the show to hear what interesting thing Marc has in the junk drawer! 
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
Listen for these key points: 
0:29 - We’re going from tax season to turkey season.
1:53 - What’s in the junk drawer? 
4:12 - What kind of life insurance policies do you have? 
6:22 - When was your will last updated?
8:23 - Do you have a Social Security statement?
10:25 - Do you have a 401(k) statement?
14:15 - Is there a plot of land in your name?

Playing the Financial Game Show

We talk about our favorite TV game shows and why we don’t want them to be a reflection of our financial decisions. Which of these were your favorites?
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode: 
1:53 - The Price is Right…with your investments?
4:40 - Are You Smarter Than a Fifth Grader? 
6:47 - Who Wants to Be a Millionaire?
10:18 - Family Feud is a fun show, but not in real life.

I Didn’t Know You Did That

Just what do financial advisors do? Nathan talks through the many ways he helps his clients that go well beyond simply picking stocks to invest in.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode: 
 
0:50 - What kinds of things does Nathan do as a financial advisor?
2:12 - Tax planning, not tax prep. 
4:07 - Need advice on your 401(k) strategy?  
5:33 - When should you start your Social Security?
7:49 - It’s not just about which stock to pick.
9:31 - Do advisors help with Medicare options?
11:44 - Can you get help with your pension?
13:14 - Do advisors help with estate planning?

Financial Hot Topics

We talk through a few controversial financial topics to see what Nathan thinks. What financial decisions have you made lately?
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode: 
1:03 - What’s an example of a housing plan gone awry?
6:06 - What is better, paying off debt or building up savings? 
7:27 - Should you pay off the house?
9:30 - Term life or permanent life insurance?
11:40 - Mutual funds vs. ETFs?
12:54 - Are annuities good or bad?
15:01 - Should you own gold?

Financial Wisdom with Albert Einstein

Today we are analyzing some famous quotes from Albert Einstein. What retirement planning lessons can we gain from the most well-known genius? 
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode: 
0:50 – Conflict in Ukraine
3:12 – Technically in a correction
5:04 – Call if you are worried
6:22 – “If you can’t explain it simply, you don’t understand it well enough”
7:42 – “We cannot solve our problems with the same thinking…”
9:50 – “Learn from yesterday. Live for today. Hope for tomorrow.”

Retirement Planning with Shaq

Ready for some financial advice from the big guy? He’s got more to teach us than shooting hoops, so on today’s show we find out how some of his past quotes apply to your financial plan. 
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode: 
2:45 - “Excellence is not a singular act…”
4:38 - “I’m like tax, you’re going to pay one way or another.”
6:48 - “The day I stopped worrying about my stats was the day I started winning.”
8:44 - “The only person who can really motivate you is you.”

What To Do During Market Volatility

Are you wondering what to do given our recent market volatility? Nathan shares what he tells his clients to do and how they should approach this time of uncertainty.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode:
0:29 - January has been a bit of a rough month. 
2:44 - What kind of calls has Nathan received from clients?
3:59 - Do some people panic?
6:31 - Should you make any aggressive moves?
9:35 - Do you know when to not make a move?

How Do You Say It?

Some different words or phrases get used, but do they mean something different or are they all the same? We discuss a variety of financial phrases so you understand what it is you’re really dealing with.
 
Read more and get additional financial resources here: http://thefinancialanswer.com 
 
What we discuss in this episode:
0:42 - Let’s play a game!
2:10 - Tennis shoes, gym shoes, or sneakers?
3:20 - Market crash, bear market, or market downturn?
5:50 - Firefly vs. lightning bug?
7:19 - Junk bonds vs. high yield bonds?
9:31 - Stocks or equities?
11:15 - Financial advisor or investment advisor?
14:50 - Water fountain, drinking fountain, or bubbler?
16:03 - Clients or customers?