The Financial Answer

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?
 

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.”