A new proposal out of the State of the Union could change how millions of Americans save for retirement. The idea: government-administered retirement accounts for workers without employer plans, paired with an annual match of up to $1,000. In this episode, Nathan walks through what we know so far, the potential rules and limitations, and who this could impact the most.

Here’s some of what we discuss in this episode:

💡 How It Works: Annual match of up to $1,000 and possible TSP-style structure

📜 Rules & Limits: Income caps, IRS guidelines, and eligibility questions

⚖️ Pros & Cons: Benefits vs. added complexity in an already crowded system

⚡Who It Helps: Gig workers, small business employees, and the transient workforce

🔮 What’s Next: Timeline, legislation hurdles, and long-term implications

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com

Nobody likes tax season, but for new retirees, it can come with some costly surprises. What worked during your working years doesn’t always translate once the paychecks stop and distributions begin. In this episode, Nathan walks through some of the most common tax mistakes new retirees make and how small decisions can create bigger consequences over time.

Here’s some of what we discuss in this episode:

📊 RMD Basics: Required withdrawals begin in your 70s

⚠️ RMD Mistakes: Ignoring them can trigger penalties

💰 Social Security Taxes: Benefits can become taxable

🏥 IRMAA Impact: Higher income can raise Medicare costs

🤝 Professional Guidance: Planning helps avoid costly mistakes

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com

Fraud isn’t just an inconvenience anymore; it’s a sophisticated, organized industry targeting everyday people, especially retirees. In this episode, Nathan pulls back the curtain on how modern scams operate, why criminals are getting more advanced with technology and psychology, and what makes certain individuals more vulnerable than they realize. You’ll hear real-world insights into how fraudsters build trust, manipulate urgency, and exploit fear to separate people from their money.

Here’s some of what we discuss in this episode:

🚨 The Rise of Cyber Crime: Scams are more organized and more sophisticated than ever

📊 The Growing Scale of Fraud: The financial damage nationwide is staggering

🏛️ Government & Investment Impersonations: How scammers pose as trusted institutions

📱 Social Media & Phone Tactics: The psychology behind digital and voice manipulation

🔐 How to Protect Yourself: Simple habits that dramatically reduce risk

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com

Tech momentum made for eye-catching headlines, but this week’s conversation zooms out to the bigger picture. Rather than chasing daily market moves, the focus stays on how investors think, react, and stay grounded when conditions feel favorable. Nathan explores what it means to stay steady during periods of optimism and why confidence without intention can be risky. It’s a timely reminder that clarity often matters more than speed.

Here’s some of what we discuss in this episode:

📊 Market Recap: A calm start after volatility

📈 Tech Leadership: NASDAQ drives momentum

🌍 Global Diversification: Strength beyond U.S. markets

💵 Bond Yields & Rebalancing: Signals worth paying attention to

🔥 Inflation Outlook: Short-term noise vs long-term planning

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com

Some of the loudest voices in personal finance offer bold opinions that grab headlines, but do they actually hold up in real life? In this episode, Nathan reacts to popular financial takes from well-known money personalities and breaks down where the ideas may oversimplify real-world planning. Before following any hot take, it’s worth asking whether it fits your financial reality.

Here’s some of what we discuss in this episode:

🎙️ Setting the Stage: Why popular financial advice often favors headlines over nuance

📕 Kiyosaki’s Approach: Startup risk, alternative assets, and long-term reliability

🏦 Orman’s Strategy: Holding large cash reserves and the tradeoffs that come with it

🏠 Rent vs. Buy Debate: Lifestyle decisions versus pure financial math

📉 Ramsey’s Retirement Take: Withdrawal rates, market risk, and emotional tolerance

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com

Here’s some of what we discuss in this episode:

📈 Market Performance – Stocks moved higher despite political noise

🔮 Market Predictions – Why forecasts shouldn’t drive investment decisions

🏦 Fed Drama – Central bank headlines failed to shake markets

🏛️ Policy Impact – How presidential actions influence investor sentiment

🤖 Tech Leaders – Technology stocks continued driving market gains

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com

A lot happened in 2025… Big political swings, stubborn inflation, new tax rules, and even a historic government shutdown. But what actually matters for your financial life? Today, we’re breaking down the year’s biggest headlines and what they may mean for your plan moving forward.

Here’s some of what we discuss in this episode:

📉 Why reacting to market drops can permanently damage returns

📈 How inflation persisted throughout 2025

🧠 The growing role of AI in jobs, markets, and economic data

💰 What tax law extensions mean for retirement and tax planning

🧭 Why diversification mattered more than headlines in 2025

For more, visit us online: http://thefinancialanswer.com 

Your first Christmas in retirement doesn’t just feel different; it functions differently. Without work schedules or limited PTO, the holidays suddenly open up with new choices, new freedoms, and a few new financial considerations. In this episode, Nathan explores what shifts emotionally and practically when December rolls around, and the paycheck is gone, but the possibilities are wide open.

Here’s some of what we discuss in this episode:

💸 Holiday budgeting: generosity is wonderful, but intentionality matters

🎁 QCDs and charitable strategies: how to stretch your giving

🕰️ Time Freedom: One of retirement’s greatest perks, allowing you to travel or celebrate on any schedule

🌍 Giving back isn’t only financial: donating time can be just as meaningful and needed by local organizations

💞 Perspective shifts with age: shared time over material gifts, especially when health challenges arise

For more, visit us online: http://thefinancialanswer.com 

Giving Tuesday (Dec 2, 2025) and year-end donations are right around the corner, making this the perfect time to revisit how generosity fits into your financial life. Nathan explains how to give intentionally, by balancing the heart behind your generosity with the smart planning that makes those gifts even more impactful. Give with purpose, plan with wisdom, and let your generosity ripple far beyond this season.

Here’s some of what we discuss in this episode:

❤️ Purposeful Giving: understanding the “why” behind generosity

🔍 Opportunity Spots: identifying causes, needs, and meaningful giving moments

🧾 Tax Efficiency: deductions, new rules, and smart timing

🎁 DAFs & QCDs: how donor-advised funds and charitable distributions work

🤝 Professional Guidance: when to involve advisors, CPAs, or attorneys

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

🌟 Thanksgiving & Gratitude: finding peace in what you have

💰 Financial Well-being: how gratitude impacts your money mindset

🔄 Past Lessons: learning from financial missteps with wisdom

🤝 Support Systems: valuing mentors and trusted relationships

📈 Future Planning: balancing saving, spending, and enjoying life

🙏 Biblical Gratitude: giving thanks in all circumstances

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

💀 Scary Investors: thrill-seekers who love risk and market excitement

🍬 More Treats, Fewer Tricks: how balance and discipline lead to sweet results

🦸 Classic Strategies: timeless, steady approaches that stand the test of time

🔧 DIY Finances: the pros and cons of managing money on your own

🧠 Financial Psychology: why our personalities influence the way we invest

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

📊 Take Inventory: organize accounts, passwords, and forgotten assets

🏠 Family Conversations: open dialogue builds understanding and confidence

📅 Year-End Momentum: use October to prepare before the busy season

🤝 Advisor Insight: a good advisor educates, not just manages money

🎯 Celebrate Wins: progress matters more than perfection

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

🍣 Gas station sushi = flashy promises that often hide real risks

📉 Market timing schemes and why “fail-proof systems” rarely work long-term

💸 Spotting hidden costs in financial products, even when they make “no fee” claim

🎬 Celebrity & influencer hype: “Follows” and “Likes” do not equate to good advice

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

💸 What IRMAA is and why it exists

🧾 How income levels affect your Medicare premiums

🚨 Common triggers that catch retirees by surprise

🛡️ Strategies to minimize or avoid IRMAA surcharges

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

💸 Inflation’s lingering impact on retirement confidence

🛒 Why everyday costs like groceries & healthcare still sting

📈 Market cycles, recency bias, and investor mindset

🏦 Social Security, pensions, and realistic planning math

🌍 The surprising boost from international markets

Schwab Survey

USA Today Article, Americans believe this is the No. 1 obstacle to saving for retirement, by Medora Lee:

https://www.usatoday.com/story/money/personalfinance/2025/07/29/inflation-retirement-savings-survey/85413630007/

For more, visit us online: http://thefinancialanswer.com  

Here are the 5 signs we discuss in this episode:

💰 You’ve built a 3-6 month emergency fund

🧾 You live below (or within) your means

📈 You invest with intention

🔄 You have multiple income streams

🧠 You focus on the long-term

For more, visit us online: http://thefinancialanswer.com  

Dave Ramsey’s 9-step retirement plan is one of the most well-known personal finance frameworks out there: simple, popular, and built for mass appeal. But is it really the best approach for your retirement? In this episode, Nathan offers his take on where Ramsey gets it right, where the plan falls short, and why personalized advice is critical if you want to retire with confidence.

Here’s some of what we discuss in this episode:

🧭 Why step one matters more than you think

💸 Is saving 15% enough for your future?

🏡 Should you pay off your mortgage early or not?

🧮 The problem with choosing a Social Security date too soon

🩺 What to consider when planning for long-term care

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

🧠 Why Gen X has the mindset and independence to reinvent retirement

🧾 What the TCJA extension could mean for your Roth conversion strategy

💳 Getting serious about tackling your debt

📊 Options to realistically close a projected $467k savings gap

📆 Why the next 10 years might be the most financially critical of your life

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

📆 The longer you live, the more risk you face

📉 Inflation + poor planning = real trouble

🚨 Real-life stories of running out of money

💸 Why playing it “too safe” can backfire

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

🎉 What “nothing but fun” retirement looks like (and what it costs)

🌱 The unexpected joy of starting something new after retiring

🏡 Why some retirees shift to quiet living, or charitable giving

👨‍👩‍👧‍👦 Giving to the kids – now or later?

📅 Why your retirement vision may change, and that’s okay

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

📉 Why market volatility triggers the Type A urge to "fix" things

🧠 How emotional overreactions can quietly wreck a solid strategy

🛒 The “grocery store” analogy for scattershot investing habits

💼 Why working with an advisor can ease anxiety without losing control

📺 The hidden impact of constant negative financial news

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

🧠 Why your financial past shapes your future behavior

📈 “Never enough” thinking and the risk of chasing more

💤 Why peace of mind > perfect math

🏡 Should you pay off your mortgage early?

⚠️ The power of building room for error into your plan

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

💬 Why couples react differently to market drops

📉 How financial news distorts reality

🧠 The 4 emotional responses to volatility

📊 Why both spouses need to attend planning meetings

🤝 Creating peace of mind through conversation

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

📱 Why watching the news can wreck your mindset

📉 Gut check: when fear meets strategy

🛠️ Smart investing is emotional discipline in action

🔁 Roth conversion opportunities during downturns

For more, visit us online: http://thefinancialanswer.com 

Here are some of the common beliefs we discuss on today’s show:

• “Guaranteed” high returns are easily attained
• You better claim Social Security ASAP before it runs out
• Underestimating the “tax time bomb”
• The 4% rule makes retirement planning easy
• Assuming that your children will “just take care of you”

For more, visit us online: http://thefinancialanswer.com 

🔹 52% of clients seek financial advice for retirement planning – Is that the right focus?

🔹 38% of respondents worry about outliving their assets – How can you ensure lifelong financial security?

🔹 The average advisor’s client has saved $760,000 – Is that enough to retire?

🔹 Why more retirees are choosing to work past 65 – Is it financial necessity or personal choice?

Nathan also shares why financial planning is about more than just investing, and how working with the right advisor can make all the difference. Overall, this episode is packed with insights that can help listeners reflect on their own financial situations.

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• How can long-term couples keep financial peace and avoid ‘spender vs. saver’ battles?
• How can you support your family without compromising your own retirement?
• If you’ve kept separate finances for years, is it ever too late to merge money?
• What’s the best way for couples to handle financial curveballs without turning money stress in marriage stress?
• How can couples start the estate planning conversation without it feeling like a romance killer?

For more, visit us online: http://thefinancialanswer.com 

In this episode, we’ll take a closer look at the backstory of tariffs- what they are, why governments impose them, and the historical context of them. We'll also break down the new tariffs that have been introduced, their potential impact on everyday people, and what you can do to navigate this shifting financial landscape.

Here’s some of what we discuss in this episode:

• What are tariffs and their historical context?
• How will this impact the economy?
• The potential benefits of tariffs
• The overvaluation of the tech sector and the importance of diversification  

Wolf Street Article:

https://wolfstreet.com/2025/02/03/what-trumps-tariffs-did-last-time-2018-2019-had-no-impact-on-inflation-doubled-receipts-from-customs-duties-and-hit-stocks/

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• How inflation in recent years has impacted retirement strategies and plans
• The rate of inflation Nathan assumes when building a retirement plan in 2025
• The types of investments or strategies that are most effective for combining inflation today
• The importance of diversification in managing inflation risks
• How to plan for inflation in the long term to protect your retirement lifestyle

For more, visit us online: http://thefinancialanswer.com 

Join Nathan as he discusses the factors that drive people into the snowbird lifestyle, how remote work plays a role in doing this a little sooner than you might anticipate, where snowbirds are flocking to nowadays, and much more!

Here’s some of what we discuss in this episode:

• What drives people to become snowbirds?
• The role of remote work
• Where are snowbird retirees moving to?
• Cost and other things to consider
• How an advisor can help you reach your retirement goals

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• What is rebalancing and why it’s important.
• How life events can trigger a need to rebalance your portfolio.
• What is threshold rebalancing?
• When market conditions can impact rebalancing.

For more, visit us online: http://thefinancialanswer.com 

In this episode, we’ll explore recent research highlighting the importance of planning for early retirement, even if it’s not in your current plans.

Here’s some of what we discuss in this episode:

• Why do Americans retire earlier than planned?
• What is the financial impact of early retirement?
• How can you prepare for an unexpected retirement?
• How can retirees find fulfillment despite financial challenges?

Resources for this episode:

Most Americans Have To Stop Working Earlier Article

https://www.aol.com/planning-retire-65-most-americans-080104599.html

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• The possible extension of the Tax Cuts and Jobs Act
• Taking advantage of Roth conversions during this time
• National deficit concerns and potential solutions
• The market’s reaction to the election

Resources for this episode:

https://www.usatoday.com/story/money/personalfinance/2024/11/17/trump-republican-win-low-tax-economy/76296530007/

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• Don’t rush your decision. When things get emotional, it’s best to take a breath and slow down.
• What are some of the smart options for putting this money to work?
• Find some balance. You don’t need to save or invest every penny.
• Some special considerations to keep in mind if you get a nice bonus this year.

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• How incidental income compares to dividend investing.
• The potential volatility of overfocusing on dividend stocks.
• The tax implications of this strategy.

Read more: https://seekingalpha.com/article/4723299-incidental-income-makes-dividend-investing-unnecessary-in-retirement

Visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• Nathan’s big getaway.
• Market volatility and how much an election changes that.
• Shifts in housing and the real estate market.
• Changes in interest rates.
• Consumer debt and how to make smarter decisions.

For more, visit us online: http://thefinancialanswer.com  

In today’s podcast, Nathan delves into why retirement planning should be a team effort and how couples can work together to avoid common pitfalls.

Here’s some of what we discuss in this episode:

• The importance of communication and open dialogue.
• Discussing the details of the plan.
• Agreeing on the risk tolerance.
• Establish a healthy budget and spending habits.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Why Nathan became a financial advisor.
• What the initial phases of the planning process looks like.
• Why financial education is important.
• What to do if you’ve been procrastinating with your financial plan.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• An overview of the Secure Act.
• Clarity on the RMD rules.
• The impact on your financial plan.
• Market volatility and diversification.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Staying invested.
• Continuing to invest.
• Rebalancing your portfolio.
• Taking advantage of tax loss harvesting.
• Being cautious right before retirement.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Understanding the 100% downside hedge.
• The role of buffered ETFs.
• Pros and cons of this ETF.

Reuters Article:

https://www.reuters.com/business/finance/blackrock-launches-stock-etf-with-100-downside-hedge-2024-07-01/

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Reduce your debt.
• Stress-test your finances.
• Boost emergency savings.
• Stay informed about your financial health.

Recession predictions article: https://www.cnbc.com/2023/12/26/the-us-avoided-a-recession-in-2023-whats-the-outlook-for-2024.html

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• SEC has approved a spot for Ethereum as an ETF.
• Ethereum is becoming more mainstream as it moves from fringe to legitimacy.
• The tokenization of real-world assets.
• Should you get into crypto?

The Motley Fool Article: https://www.fool.com/investing/2024/06/09/ethereum-is-making-big-moves-3-reasons-im-buying-i/

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Dad joke, “Do I need to amputate?”
• “It’s not heavy, it’s just awkward.”
• Winning the game and sticking with the plan.
• Finding a “better” parking spot for your money.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• The dangers of having everything in one basket.
• Misconceptions about mutual funds.
• Trying to diversify with different financial advisors.
• The importance of transparency and communication.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• What the IRS did in 2024 about inherited withdrawals.
• What the tax implications could be in the future.
• If you should get a Roth conversion.

CNBC article: https://www.cnbc.com/2024/04/19/irs-waives-required-withdrawals-from-some-inherited-ira-for-2024.html

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Life happens. Be ready to adjust.
• Know where your money goes.
• Don't be too proud to get some help with retirement planning.
• Make sure when you go to talk with an advisor, you're getting the right expectations.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• You’ve got to train for the big moment.
• It takes a team to get to the winner’s circle.
• Consider what risk you need to insure against.
• The hats are all unique, just like the people.

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• What are the big retirement questions Baby Boomers are asking?
• How do I manage the risks of the market?
• How do I get my money in retirement?
• What can be done to address healthcare costs?
• What’s the best way to pass on wealth to my heirs?
• How can I maximize my Social Security benefits?
• Should I downsize or relocate?

For more, visit us online: http://thefinancialanswer.com  

Here’s some of what we discuss in this episode:

• Can you Google it?
• When should you use robo-advisors?
• Online calculators are everywhere but do they give an accurate view?
• Are educational webinars useful?
• Is personal finance software helpful?
• Mobile banking apps have changed how many people do banking.
• Are online wills effective?

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• Healthcare costs have heavy premiums.
• The sandwich generation is more prevalent.
• There were shorter life expectancies.
• Back in the day, there were more contributors to Social Security.
• It’s easier to achieve financial literacy today.

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• Career patterns have changed with job stability and company loyalty.
• We have to rely on personal savings.
• The housing market has not been as stable.
• Simplicity in investing is lacking.  
• Higher interest rates at the moment.

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• Passing on the 401(k) match.
• Leveraging your Roth.
• Once you’re retired, do you need an emergency fund?
• Cashing out a retirement plan.

For more, visit us online: http://thefinancialanswer.com 

Here are some of the questions we discuss in this episode:

• Should mom sign the house over to me when she dies?
• What is a step-up in basis?
• Can I update my late spouse’s beneficiary to be me instead of his ex?
• What do I do if I’m the only family member who wants to keep the land inherited?

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• What about cryptocurrency?
• What about stocks in the stocking?
• What practical financial item should you consider?
• What does everyone need but nobody wants in their financial stocking?

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• The real cost behind “The 12 Days of Christmas.”
• The power of compound interest.
• The benefit of an undervalued asset like “Rudolph the Red-Nosed Reindeer.”
•  When “Grandma Got Run Over by a Reindeer” what happened to her spouse?

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• How are you getting ready for retirement?
• What should you be doing now?
• What decisions are crucial once you reach retirement?
• What do you need to manage in retirement?

For more, visit us online: http://thefinancialanswer.com 

Here’s some of what we discuss in this episode:

• What in the financial world is hard to resist but not all that good for you?
• What seems good on the surface but isn’t as good as it appears?
• What is boring but hard to swallow?
• What does Nathan think is important to know?

For more, visit us online: http://thefinancialanswer.com 

Here's what we discuss in this episode:

• Taking an early IRA withdrawal.
• Spending too much money in peak earning years.
• Paid kids’ tuition and ruining the retirement fund.
• Retiring early proves to be too costly.
• Forgetting to investigate opportunities for tax efficiencies.

For more, visit us online: http://thefinancialanswer.com 

Here are the questions we uncover today:

• How much will tax-deferred savings cost me?
• How much can I withdraw from my savings?
• Should I still have life insurance after I retire?
• What kind of medical coverage do I need?
• How much am I really paying in hidden fees?

For more, visit us online: http://thefinancialanswer.com 

Here are the quotes we discuss today:

• “Don’t invest in anything if you can’t tell me how it works…”  • “If you’re not careful, you make short-term decisions which keep you in short-term situations…” • “People that retire wealthy, it wasn’t an accident…”

For more, visit us online: http://thefinancialanswer.com 

Here’s what we discuss on today’s show:

• Social Security has been strong and stable. Will it continue to be?
• Healthcare is essential, but it’s expensive.
• Tax rates have the potential to change.

For more, visit us online: http://thefinancialanswer.com 

Here’s what we talk about on today’s show:

• What does Nathan think about investing in a Roth?
• Are you destined for a lower tax bracket in retirement?
• Is the Roth a bad choice?
• What does the future hold with taxes?
• Is there reason to convert to a Roth?

For more, visit us online: http://thefinancialanswer.com 

Check out the article here

Here are some key takeaways from this episode:

• Be cautious of financial advisors who may be promoting products that are not suitable for your specific needs. Just like skim milk may not be the best choice for everyone, some financial products may not be appropriate for your financial goals.
• Don't rely on hope or luck when it comes to your finances; instead, plan and prepare for various scenarios and have a well-thought-out retirement plan to avoid potential financial challenges in the future. 
• Seek advice from financial advisors who can help you make informed decisions and create a tailored financial plan that aligns with your goals and risk tolerance.

For more, visit us online: http://thefinancialanswer.com 

Here’s what we’ll discuss on today’s show:

• Agreeing on a number for your savings account. (2:28)
• Being on the same page about charitable contributions. (5:11) 
• Deciding what to do with an inheritance. (7:01)
• Having conversations about insurance and long-term care. (9:41)
• How will you handle financial management in retirement? (11:40)

For more, visit us online: http://thefinancialanswer.com 

Here’s what we’ll discuss on today’s show:

• Differing views on risk tolerance in investments. (3:19)
• Disagreeing on the best age to retire. (6:24) 
• Leaving behind a legacy for your children. (8:14)
• Should we keep our home or downsize? (10:25)
• Are you on the same page about your retirement lifestyle? (12:18)

For more, visit us online: http://thefinancialanswer.com 

Here are the reasons we talk through on today’s show:

• Are you worried about having enough in your retirement account? (4:25)
• If you don’t have an emergency fund, should you put money into a 401(k)? (4:56)
• If you aren’t getting a match, is it worth it? (7:44)
• If you don’t work at the company, why is your money there? (10:33)
• Do you need the money before retirement? (11:38)

For more, visit us online: http://thefinancialanswer.com 

Here are the bad habits we break down on today’s show:

• Ignoring your account statements. (2:32)
• Being addicted to the rise and fall of the market. (4:26)
• Procrastination on financial decisions, even simple ones. (6:28)
• Investing emotionally instead of strategically. (8:45)
• Taking unnecessary risks. (10:56)
• Living beyond your means. (12:28)

For more, visit us online: http://thefinancialanswer.com 

Here’s what you’ll learn about on today’s show:

• Financial management is required for weddings and retirement. (3:29)
• The planning process involves setting goals and priorities. (6:45)
• You have to consider the needs of multiple people. (10:03)
• Both wedding and retirement planning can be stressful. (12:55)
• Both events require a giant leap of faith. (16:19)

For more, visit us online: http://thefinancialanswer.com 

Here’s what we discuss today:

• What’s going on with the banks? (2:02)
• “This is a crisis of some banks, not a banking crisis.” (4:34)
• “If you embrace inaction in this turbulent moment, you may have it right.” (8:06)
• “Investors should avoid buying the dip.” (10:03)
• Should I spread my money out across multiple banks? (11:53)

For more, visit us online: http://thefinancialanswer.com 

Here’s what you’ll learn on today’s show:

• Why does age matter? (1:19)
• What does wisdom mean and actually look like? (4:50)
• Should you incorporate life experiences into your plan? (7:45)
• Technology has changed our financial tools. (9:10)
• Cultural differences can change how you invest. (11:14)

For more, visit us online: http://thefinancialanswer.com 

Here are some of the major events we cover on today’s show:

• The Great Depression shaped a generation. (2:22)
• Black Monday caused panic in 1987. (9:01)
• The Dotcom crash hit some right before retirement. (11:28)
• The Great Recession took many by surprise. (14:55)
• Where are we now? (18:45)

For more, visit us online: http://thefinancialanswer.com 

Here are the personality types we discuss in part 2:

• The silo stocker might be prepping for the worst-case scenario. (2:35)
• The odd couple may face conflicting goals. (5:06)
• The gambler likes taking risks. (8:57)
• The model citizen does everything right but still has concerns. (12:22)

For more, visit us online: http://thefinancialanswer.com 

Here are the personalities we discuss:

• A victim personality might mean someone is nervous about their investments. (1:47)
• The overanalyzer needs help making a decision. (5:10)
• The do-it-youself-er may think they know better, until they reach retirement age. (8:35)
• The ostrich may try to hide, but that doesn’t make the problem go away. (12:26)

For more, visit us online: http://thefinancialanswer.com 

Nathan shares his experience in guiding people through these fears and the decisions they can make about them.

Here are some of the most common financial fears people have:

• Running out of money. (1:44)
• Losing money to a major or long-term healthcare issue. (4:16)
• Paying more than you have to in taxes. (7:37)
• Leaving the legacy you want to leave. (9:35)
• Being forced to alter the quality of life because of inflation. (11:22)

For more, visit us online: http://thefinancialanswer.com 

Here are some ways the Secure Act might impact you in the future:

• RMD age has changed. (1:54)
• Qualified charitable distributions can help. (4:53)
• Special catch-up contributions were added. (9:59)
• Employers can match 401(k) contributions on student loan payments. (10:21)
• 529 plans can transfer into a Roth IRA. (12:46)
• Employers can match a Roth 401(k) contribution. (18:36)

For more, visit us online: http://thefinancialanswer.com 

Here’s what we discuss today on the show:    

• Do you have the right tax withholdings? (2:00)
• Assess your retirement contributions. (4:39)
• Start gathering your tax documents now. (6:49)
• Touch base with your financial advisor. (8:19)

For more, visit us online: http://thefinancialanswer.com 

Here’s what we discuss today on the show:    

• Stocks and bonds dropped double digits. (3:49)
• Mortgage rates doubled. (5:59)
• Bitcoin got knocked down. (7:37)
• Gas prices and inflation caused a lot of shock. (12:02)

For more, visit us online: http://thefinancialanswer.com 

Here are some of the biases you might experience:

• Naughty or nice: only one yearly meeting the same year as retirement. (2:06)
• Naughty or nice: Using asset minimums to determine who to advise. (6:21)
• Naughty or nice: Making changes without a thorough discussion with the client. (10:02)
• Naughty or nice: Providing only positive testimonials for new clients. (12:28)
• Naughty or nice: Not moving accounts without a phone call. (16:57)

For more, visit us online: http://thefinancialanswer.com 

Here are some of the biases you might experience:

• Looking only for information that provides confirmation bias. (2:30)
• Loss aversion bias can make you overly fearful. (6:00)
• You might be prone to chasing a trend. (10:16)
• Self-attribution bias can overlook external factors. (15:30)

For more, visit us online: http://thefinancialanswer.com 

But first, we also are giving out more copies of the book The Psychology of Money by Morgan Housel! Nathan really enjoyed this book with 20 different short chapters about how money affects us and wants you to get a chance to read it, too.

Here’s what we think is underrated:

• The concept of liquidity is often overlooked. (3:54)
• Make sure you’ve got predictability in your portfolio. (8:30)
• The simplicity of your plan brings peace of mind. (11:07)

For more, visit us online: http://thefinancialanswer.com 

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 

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 

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 

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 

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 

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 

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 

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.

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.”

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?

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.

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?

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?

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.

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?

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?

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.”

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.”

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?

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?

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/a-financial-checklist-for-the-new-year/

What we discuss today: 

0:44 - Welcome to the new year!

2:56 - What can you do with your tax withholdings?

5:23 - Assess your retirement contributions.

7:38 - Are you ready for tax time?

10:11 - Set your goals and do it.

12:41 - How should you think about resolutions?

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/retirement-planning-first-steps/

What we discuss today: 

2:01 - Decide what you want retirement to look like.

4:55 - Take an inventory.

7:44 - Have an income plan.  

9:56 - What is your Social Security withdrawal strategy?

11:22 - Are you working with an advisor?

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/financial-wisdom-from-walt-disney/

What we discuss today: 

0:50 - We recap the holidays.

1:27 - What did Walt Disney say?

1:10 - “You reach a point when you don’t work for money anymore.”

5:25 - “I hope we never lose sight of one thing…”

9:09 - “The difference between winning and losing is most often just not quitting.”

13:09 - “The way to get things started is to quit talking about it and start doing it.”

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/dealing-with-stress-in-retirement/

What we discuss today: 

0:52 - Thanksgiving and Christmas is coming!

2:51 - What are the ten most stressful events in your life?

3:51 - How can we proactively deal with the stress?

7:07 - Embrace some new challenges.

9:02 - Keep your options open.

12:24 - Keep a sense of perspective.

14:33 - Work with a qualified professional.

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/financial-truths-and-lies/

What we discuss today: 

0:46 - The holidays are upon us.

2:25 - What is happening with Social Security?

6:10 - What does well with inflation?

9:34 - Rising interest rates will hurt who? 

11:06 - Your emergency fund should be what?

12:38 - When is a market crash a major problem?

16:45 - What can you expect from Social Security? 

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/retirement-income-planning-essentials/

What we discuss today: 

0:57 - Fall is here!

2:50 - Are you planning for a long retirement?

5:26 - Do you want to work all through retirement?

8:11 - Inflation is a real thing.

11:44 - Bonds are going down.

14:50 - Have multiple income streams.

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/avoiding-financial-temptations/

What we discuss on this episode: 

0:55 - Nathan shares about a recent fishing trip.

4:39 - Carrying too much debt.

8:09 - Are you throwing away the 401(k) match?

10:48 - Have you deferred your taxes?

14:41 - What makes sense with Social Security?

Read more and get additional financial information: https://thefinancialanswer.com/podcasts/1218/

What we discuss on this episode: 

1:59 - Avoid making premature IRA withdrawals.

4:50 - Are you allowing lifestyle creep?

7:39 - Overpaying for tuition is a big regret.

12:36 - Retiring too early can hurt retirees.

15:00 - Ignoring the tax-efficient opportunities is a bad idea.

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?

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?

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. 

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.

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.

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?

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?

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?

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?

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?

Read more and get additional financial resources here: https://wp.me/paIiUZ-if 

What we discuss on this episode: 

1:40 - Who doesn’t love junk food?

2:17 - What are the empty calories of your financial plan?

6:42 - Hidden fees is like hidden sugar.

10:58 - Trans fat is in everything that tastes good, but what’s the risk?

Read more and get additional financial resources here: https://wp.me/paIiUZ-ia 

What we discuss on this episode: 

1:00 - Today’s podcast is taking inspiration from a favorite comic book.

1:56 - “Life is full of surprises, but never when you need one.”

4:03 - “When life gives you lemons, chuck it right back.”

5:41 - “There’s no problem so awful that you can’t add some guilt to it to make it even worse.

7:36 - “A day could really slip by you when you deliberately avoid what you’re supposed to do.” 

12:32 - Mailbag: Do I have adequate diversification in my IRA?

Read more and get additional financial resources here: https://wp.me/paIiUZ-i1 

What we discuss on this episode: 

1:16 - What priorities should you have in the ten years pre-retirement?

3:28 - What do you want to do with your free time?  

6:17 - Are you thinking about a post-retirement career?

8:30 - Do you need to make up for lost time in savings?

10:33 - Is your debt load reduced?

13:23 - Are you minimizing risk?

16:10 - Mailbag: How do I convince my wife to do some aggressive saving for retirement?

Read more and get additional financial resources here: https://wp.me/paIiUZ-hT 

What we discuss on this episode: 

1:43 - Biden has passed over 30 executive orders so far.

4:40 - Student loan interest is paused until September.

7:01 - The Keystone pipeline permit was revoked.

10:03 - How do we make the right decisions?

12:08 - What would happen if the minimum wage is raised?

13:50 - Automation has changed some of the job market.

17:59 - What’s going to happen to the economy moving forward?

Read more and get additional financial resources here: https://wp.me/paIiUZ-hN 

What we discuss on this episode: 

0:38 - Nathan says everything is awesome.

1:43 - What is values-based planning?

2:22 - For many people, family is what matters most.

4:55 - How is your faith reflected in how you invest? 

11:02 - Is education a part of your legacy?

13:29 - What really matters to you?

Read more and get additional financial resources here: https://wp.me/paIiUZ-hw 

What we discuss on this episode: 

2:12 - What are Nathan’s resolutions?   

2:46 - What are most typical resolutions?

3:29 - What can you do in the first quarter of 2021?

5:25 - Do you remember the SECURE Act?

8:21 - It’s almost tax time again!

11:27 - Did your income change?

14:35 - Assess your overall retirement health.

Read more and get additional financial resources here: https://wp.me/paIiUZ-hq 

What we discuss on this show: 

0:29 - What is Nathan looking forward to this holiday season?

2:53 - What’s the financial lesson learned from these Christmas songs?

3:08 - “I’ll Be Home for Christmas”

6:00 - “Do You Hear what I Hear?”

7:42 - “Little Town of Bethlehem”

10:41 - “What Child Is This?”

12:57 - “Blue Christmas” 

Read more and get additional financial resources here: https://wp.me/paIiUZ-hh 

What we discuss on this show: 

2:35 - Should we max out retirement contributions? 

4:10 - What do you need to pay attention to with the CARES Act?

5:46 - What might the CARES Act or SECURE Act 2.0 look like?

7:34 - Have you explored the possibilities for tax loss harvesting?

9:08 - What kind of charitable contributions should you make?

10:43 - Are there any purchases that could give you a tax credit?

11:43 - Does it make sense to do a Roth conversion?

Read more and get additional financial resources here: https://wp.me/paIiUZ-h8 

What we discuss on this show: 

1:48 - “I want a bigger return with little or no risk.”

5:18 - “Can you reduce your fees?”

9:10 - “How can I get out of paying taxes?”   

11:47 - “Can you just do it for me?”

15:07 - What does participation look like when financial planning?

Read more and get additional financial planning resources here: https://wp.me/paIiUZ-h1 

What we discuss on the show:

0:37 - We had planned to talk about the election this week.

2:22 - The House and Senate will likely be split.

3:47 - When does the market do best politically speaking?

5:07 - We might have more balance when the power is split.

6:27 - Two days past the election, how is the market doing?

9:20 - How does this compare to the 2000 election? 

12:18 - Try to stay calm.

Read more and get additional financial resources here: https://wp.me/paIiUZ-gU 

What we discuss on the show:

0:29 - Nathan shares about his latest catch.

1:50 - A recent study shows the majority of people use target date funds in their 401(k).

3:30 - What is a market cap weighted fund?

6:08 - Should you be using a Roth 401(k)?

7:53 - Should you be holding more or less company stock?

10:25 - Is it logical to take a hardship withdrawal from a 401(k) if needed?

Read more and get additional financial resources here: https://wp.me/paIiUZ-gM 

What we discuss on this show: 

1:11 - Fun fact: Not making your bed can be safer.

3:06 - “Why? Because I said so!”

6:03 - “If you’re going to act like a child, I’ll treat you like one.”

7:55 - “If all your friends jump off a bridge, will you do it too?”

11:37 - “One day you’ll thank me.”

14:13 - What kind of financial education did you receive in school?

Read more and get additional financial resources here: https://wp.me/paIiUZ-gG 

What we discuss on this show: 

0:38 - There’s been some recent market volatility.

2:04 - In the News: FedEx is hiring 70,000 workers for the holiday season.

4:35 - What kinds of professionals do financial advisors commonly see?

5:00 - Teachers have to find creative ways to save.

6:32 - Doctors make money, but do they plan well?

8:42 - Engineers need a lot of data.

10:54 - Entrepreneurs make up a large part of our economy.

14:56 - Government employees have good benefits.

Read more and get additional financial resources here: https://wp.me/paIiUZ-gA 

What we discuss today: 

0:35 - Nathan shares why this is his favorite time of the year.

1:52 - What is the latest in the news?

5:49 - Why shouldn’t you make assumptions?

6:53 - Assumption: You’ll spend less in retirement.

8:42 - Assumption: Taxes will be lower in retirement.

11:34 - Assumption: You have to financially help out adult children.

14:34 - Assumption: I’ll never be able to retire.

17:54 - Mailbag: Should I buy gold bars, gold coins, or no gold at all?

Read more and get additional financial resources here: https://wp.me/paIiUZ-gr 

On today's show: 

1:38 - Is moving out of the city a long-term trend?

3:27 - Dunkin’ Donuts is closing 800 stores throughout the country.

5:38 - The future of the election and the vaccine will play a part in the economy.

7:30 - What are the dirty secrets in the financial industry?

11:16 - Most things financial advisors argue about aren’t that important.   

12:19 - It’s difficult to differentiate between skill and luck.

13:53 - The bolder the opinion, the more people pay attention to it.

17:48 - What’s the best way to teach kids about taxes, according to Bill Murray?

Read more and get additional financial resources here: https://wp.me/paIiUZ-gd 

On today's show:

2:04 - The top financial risk people fear is market risk.   

5:19 - What do you need to know about interest rate risk?

7:50 - What does inflation do in retirement?

10:57 - Tax risk a huge 

15:22 - What is a risk multiplier?

Read more and get additional financial resources here: https://wp.me/paIiUZ-g5 

Today's schedule: 

0:39 - Nathan shares the latest in his life.

3:53 - What are analysts saying about different economic sectors?

4:39 - What is happening in the automotive world?

7:07 - We don’t know the future.

8:54 - What changes are being made in banking?

12:45 - What’s happening in the construction and homebuilding sector?

16:11 - Oil and gas prices have been dropping.

20:13 - What does this indicate for the market?

Show Notes, Resources & Contact Info:

https://thefinancialanswer.com/

Timestamps:

0:29 - Nathan is excited to celebrate the 4th of July. 

3:41 - What should you be getting from a financial advisor? 

6:19 - When should you change advisors?

9:19 - How can you tell if a prospective advisor will work well for you?

12:02 - Be yourself when working with your advisor.

Read more and get additional financial resources here: https://wp.me/paIiUZ-fQ 

Today's show schedule: 

0:41 - Nathan shares a bit about his recent adventures in South Dakota.

4:17 - What kind of return can you expect on an IRA?

5:56 - Should you contribute to a traditional or Roth IRA?

8:10 - When should you consider doing the Roth conversion?

13:16 - How do you know which funds to choose in an IRA?

15:20 - What kind of penalty should you brace yourself for?

19:10 - Have you heard about the multiple employer plans?

Read more and get additional financial resources here: https://wp.me/paIiUZ-fF 

Today's show schedule: 

2:50 - What financial rules are outdated?

3:22 - Is the 4 percent rule outdated? 

6:20 - What is the 10-5-3 rule?

7:45 - Should you move from stocks to bonds at a certain age?

9:13 - The million dollar rule to retire. 

13:48 - Do you need less in retirement than when you’re working?

Read more and get additional resources here: https://wp.me/paIiUZ-fv 

Today's show schedule: 

0:42 - What’s open and what is still closed during the pandemic?

4:13 - A financial advisor’s job includes giving some pushback and feedback.

8:05 - You need to understand how each piece of your plan fits together.

9:41 - Know the difference between a good plan and gambling.

13:07 - When you work with an experienced professional, allow room to hear their advice.

14:41 - Carefully consider the details of various elements in your estate plan and insurance needs.

16:29 - You need to have long-term strategy instead of constant changes.

Read more and get additional resources: https://thefinancialanswer.com/podcasts/how-to-set-financial-and-retirement-goals/ 

Today's rundown:

2:01 - What are goals that everyone should be shooting for?

5:55 - How do you determine specific goals?

9:44 - Are you setting unrealistic goals?

11:50 - How do you reframe unrealistic goals?

12:43 - The person you work with impacts the kinds of goals you set.

Read more and get additional resources here: https://thefinancialanswer.com/podcasts/ben-franklin-and-partial-freedom-from-covid-19/ 

Today's show schedule: 

0:29 - Tennessee is experiencing a bit more freedom to get out of the house.

2:08 - What can we learn from Ben Franklin? 

2:30 - “Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety.”

6:59 - Do you remember the scare of online identity theft?

8:23 - “Investment in knowledge pays the best interest.”

10:21 - Long-term bonds went down tremendously recently.

11:48 - “A penny saved is a penny earned.”

14:50 - “I’d rather go to bed without dinner than to rise in debt.”

16:45 - “There are no gains without pains.”

18:14 - “By failing to prepare, you are preparing to fail.”

Read more and get additional resources here: https://wp.me/paIiUZ-ff 

Today's show rundown:

1:15 – Understanding percentages when it comes to stock market gains and losses

2:58 – Make sure you know how your portfolio is balanced.

4:04 – Stimulus checks are rolling out this week.  

5:44 – How’s Nathan been dealing with the quarantine at home?

6:33 – Let’s clean out the financial closet during our down time.  

7:47 – What organizational tips would you give someone?

8:51 – Consolidate with one advisor.

10:03 – Review your monthly budget.

11:31 – Evaluate your portfolio and figure out if you’re taking the correct risk.

13:33 – Misunderstandings of what a budget means.

16:55 – Unemployment numbers continue to rise

18:26 – Update on how Tennessee is dealing with the health crisis.

19:32 – Incentives to return to society

20:31 – Nathan shares a story of his experience with how businesses are changing.

Read more and get additional resources here: https://wp.me/paIiUZ-f4 

Today's rundown: 

1:30 - We’re talking about the CARES Act today and what it means.

3:13 - Let’s start with the retirement portion. No RMDs for 2020.

5:47 - If you need to pull money out of 401k or IRA, there’s no penalty for early withdrawal.

7:43 - Now is an important time to be in touch with an advisor to reassess your plan and see what you can be doing. 

11:03 - Stimulus payments

14:24 - For small businesses, there’s a payment protection program.

15:52 - Who can apply for this relief?

17:05 - Here’s what we do know about this aid for small businesses.

18:26 - Details on what payroll costs consist of.

20:27 - Details on the forgiveness policy on these loans.

22:50 - The stimulus check is a one-time payment right now

24:18 - How long until things get back to normal?

25:34 - What are the conversations like with clients right now?

Read more and get additional resources: https://wp.me/paIiUZ-eX 

Today's rundown: 

2:06- We are doing some in-person meetings but also utilizing technology for virtual meetings.

3:19- Nathan shares an awesome phone call he got this week from a client.

5:55- Despite the rapid market drop, clients have stayed pretty calm through it all so far.

6:33- Selling now is the worst decision you can make.

7:30- Many analysts feel it could be a v-shaped or u-shaped rebound.

9:18- How does the bucket strategy fit into planning right now?

13:45- Nathan tells the story of his friend flying into Nashville this week.

14:55- How do we move forward from this?

16:37- Are they closing in on a cure?

19:35- Nathan says he’s never seen a market bounce like we’re witnessing now.

21:01- It’s so important to have a plan now and moving forward.

22:56 - Are we in a recession?

26:28 - One thing that hasn’t change is companies are still driving to make a profit.

Read more about the topic and get additional resources: https://thefinancialanswer.com/podcasts/coronavirus-what-pandemics-often-do-to-the-market/ 

Today's show rundown: 

1:25 - All pandemics affect the market.

3:19 - Coronavirus is definitely having an impact on the world right now.

5:00 - SARS caused a drop in the market, but it was back within a few months.

7:09 - Ebola affected the market for about eight months.

11:43 - Swine flu caused a dip on top of the market downturn we were already experiencing in 2009.

13:02 - DOW Jones market data shows that things rebound within six months.

15:20 - The Spanish flu killed millions in 1918, but the market only declined 10 percent.

Show notes and additional resources: https://wp.me/paIiUZ-el 

Today's rundown: 

1:26 – Fun fact for the show: 90% of Americans live within 10 miles of a Walmart.

2:51 – Today we’re talking Inheritance 101 and how the SECURE Act impacts that.

3:15 – What do people need to know about tax implications of inheritances?

5:01 – What are the major changes in the near future for people inheriting money?

6:16 – With the elimination of the Strech IRA, that really targets the children.

7:04 – Nathan had his own inheritance that was grandfathered in.

8:17 – Roth conversions might be great for some and not for others.

8:48 – What are some common mistakes Nathan sees people make with their estate?

9:51 – Leaving land and farms is a very common thing here and it can cause problems with children.  

11:25 – You need to be having conversations with the family and make plans ahead of time.

12:16 – What are some common mistakes for people on the receiving end of the inheritance?

13:17 – Nathan shares a client story about someone that received a $250K inheritance at 27 and it was gone within the year.

15:22 – If you receive an inheritance, what are the first steps you should take?

17:51 – Email question: My son graduated from college and his grandfather gave him $10,000 for a gift but it can only be used for investing. My son has asked me what he should do with it but I don’t know what to tell him. Thoughts?

Show notes and additional resources: https://wp.me/paIiUZ-ek 

Today's rundown: 

2:25 - In the News: Former Wells Fargo CEO John Stumpf to pay millions in fines.

3:38 - How we respond to the market recently taking a bit of a dip, in part with the Coronavirus.

5:16 - How often do people ask, “Can I retire tomorrow?”

6:20 - How often do clients go against the advisor’s advice?

9:16 - It’s good to challenge advisors to understand the reasons for their financial advice.

9:49 - How often does a client cry?

11:23 - How often does a client say they need a million dollars before retiring?

13:48 - Mailbag: Should I sell my rental properties to pay off debt?

Show notes and additional resources: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-when-did-you-turn-70-5/ 

Today's rundown: 

1:35 - The SECURE Act passed but is still a bit confusing when it comes to RMDs.

2:21 - Let’s play: This or That?

3:19 - What’s the difference between being born at the beginning of the year and the second half of 1949 for RMDs?

7:07 - Fun fact: IRA and 401(k) rules were started in 1974, the same time Billy Joel and Bruce Springsteen started their careers.

8:43 - Make sure you check with your advisor to avoid the penalty of being wrong on your RMD age.

11:46 - Upcoming class: Retirement Planning Today will be held on February 4th and 11th.

Show notes and additional resources: https://thefinancialanswer.com/podcasts/5-biggest-storylines-of-2020-will-they-matter-financially/ 

Today's rundown: 

1:11 – The Dow has surpassed 29,000.

2:27 – How much will the headlines and storylines of 2020 impact the market?

2:58 – The 2020 election

4:36 – What does history tell us about election years?

6:31 – Depending on who gets elected, taxes could be impacted.

7:44 – Does it matter: Stock market returns over the next 12 months?

9:24 – Always be investing based on your time horizon.  

10:24 – The trade war with China: how much will it matter?

12:26 – The health insurance marketplace: does it matter?

14:27 – The final one: the future of Social Security.

Show notes and additional resources: https://thefinancialanswer.com/podcasts/new-year-financial-checklist-for-2020/

Today's Rundown: 

2:48 – Let’s talk about a checklist of items to be thinking about as the new year begins.  

3:34 – Figure out how the SECURE Act affects you.

5:53 – The Stretch IRA

7:55 – What else do you see from the SECURE Act that people need to be aware of?

8:31 – Another big change is annuities inside 401(k)s.

10:24 – What about the new W4 form?

11:28 – Any changes to contributions? This is the time of the year to be looking at these.

12:24 – It’s the time of the year to start getting all your tax info together.

14:01 – Really it’s just paying attention to your overall financial health.

Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/are-you-sabotaging-your-own-retirement-with-these-mistakes/

Today's Rundown: 

0:38 – We’re getting ready for the holidays.  

2:32 – The market rebounded to over 28,000. What news is impacting the market?

5:11 – Today we’re talking about self-sabotaging our retirement.  

6:05 – First thing we do is obsess over the short term ups and downs of the market.

9:58 – Taking Social Security as early as possible could cost you a lot of money.

11:41 – We look at Social Security on its own but determine what claim works best for you.

12:54 – Pretending like long-term care or nursing home care isn’t going to impact you.

15:41 – We don’t honestly evaluate how much money we need for the lifestyle we want to have in retirement.

17:10 – The last thing we do is assume we’ll always love our job and nothing will change that.

Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/catching-up-as-a-late-bloomer-in-retirement/ 

Today's Rundown: 

0:54 - What it means to be a late bloomer.

3:03 - Catch-up contributions allow you to save more once you turn 50.

4:38 - Take the adult kids off the family payroll.

7:35 - Disappearing debt can help lighten the load.

9:56 - Downsizing the home will free up funds (and time).

Show notes: https://thefinancialanswer.com/podcasts/critical-estate-planning-mistakes-you-need-to-avoid/ 

On This Episode: 

0:44 – Recapping the Thanksgiving holiday.

1:28 – In the News: The market dipping some over a French digital tax. Here’s Nathan’s reaction.

3:57 – Confidence Corner – let’s talk about estate planning mistakes.

5:36 – We don’t plan for the foreseen expenses – like healthcare.

7:25 – Here’s how these expenses can really impact your estate.

8:28 – Update your beneficiary designations upon the ‘Five Ds’

11:07 – Many people transfer real estate while they’re still alive but that can cause some issues.

14:49 – We often overlook the tax implications that we’ll leave behind.

Show Notes: https://thefinancialanswer.com/podcasts/turkey-day-special-with-listener-questions/

On This Episode:  

0:38 – We’re ready to celebrate Thanksgiving.

1:54 – A little Thanksgiving history

3:09 – Listener question: I’ve been paying off debt aggressively recently and I’ve almost paid off everything. Once I do, I’ll have nearly $5,000 each month to invest and I want to be aggressive to catch up on retirement. What should I do?

5:02 – Should he consider being conservative with that money?

7:23 – Thanksgiving trivia time!

10:39 – Listener question: I retired last month and started my state pension and Social Security. I’d like to work part-time but heard it might mess up my Social Security. Should I work or no?

12:40 – Thanksgiving fun fact: What’s the most common alternative to turkey on Thanksgiving?

15:17 – Thanksgiving fun fact: How much is spent annually on turkeys alone?

16:24 – Listener question: My husband and I have been separated for almost 3 years but haven’t gotten around to a divorce. It’s nice that we’ve been able to file a joint tax return. Any reason to not keep doing what we’re doing?

Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/what-mistakes-do-bad-investors-make/ 

On This Episode: 

1:59 – In the News: What do you think about Elizabeth Warren’s billion dollar tax plan?

6:35 – Confidence Corner time

7:20 – Let’s talk about the worst investors starting with trying to get rich quick.  

9:17 – Operating without a cohesive plan leads to bad investing.  

11:16 – Following the herd mentality rather than thinking independently.

13:09 – A lot of times bad investors focus on the short term rather than long term.

14:26 – Focusing on the areas you CAN’T control.

Show Notes: https://thefinancialanswer.com/podcasts/welcome-to-retir…dont-screw-it-up/ 

On This Episode: 

0:38- Getting ready for Thanksgiving.

2:32- Welcome to retirement, don’t mess it up!

3:09- Don’t make any sudden decisions.

4:40- Don’t jump into investments that you don’t understand.

6:41- Work with a professional even after retiring.

8:33- It’s a different mindset once you get into retirement.

11:16- History lesson: 219 years ago Congress met for the first time in the Capitol Building in Washington.

Show Notes: https://thefinancialanswer.com/podcasts/the-final-decade-before-retirement/ 

Today's Rundown: 

1:48 - In the News: President Trump changed his residence to Florida for tax reasons.

4:15 - In the ten years leading up to retirement, you need to decide what is important.

6:02 - You need to know your numbers and consider your budget.

9:51 - Get a handle on your healthcare plans for later on. 

12:52 - Understand that your needs will change over time, just like your plan.

Show Notes: https://thefinancialanswer.com/podcasts/trying-to-find-the-exception-to-the-rule-when-investing/

Today's Rundown: 

1:01 - Jim Simons, a mathematician and hedge fund manager figured out a way to have average returns of 66% a year.

4:44 - It’s hard to know how he did so well or to have predicted this success ahead of time.

6:42 - If this was something that could be repeated, everyone would be doing it.

8:04 - Find the advisor that gets you and helps you with your plan.

9:40 - Use your drive and determination to accomplish your goals.

10:58 - Know what to expect in the market.

12:04 - Aim for what you need, before you chase what you think you could get.

Show Notes: https://thefinancialanswer.com/podcasts/retirement-planning-and-halloween/

Today's rundown: 

1:53 – We’re wrapping up our final Halloween edition with a show on lessons we can take away from the holiday.

2:17 – What’s the best costume Nathan ever wore?

3:11 – The first Halloween concept: When something appears to be something that it isn’t.

4:28 – Does anything scare Nathan on Halloween?

6:41 – When it comes to financial planning, what scares you?

8:48 – Is Nathan or his wife superstitious about anything?

10:06 – Is there anything you see people doing illogically with their money?

On this episode: 

0:52 – Excited for today’s show on scary facts.

3:03 – First scary fact: Congressional tax reform could severely pre-tax contributions to retirement plans.

5:34 – Nathan worries that these changes could hurt individuals because they’ll end up saving less.

6:36 – Another scary fact: A couple expect $275,000 in out-of-pocket medical expenses in retirement.

8:13 – Scary fact No. 3: 68% of Baby Boomers wish they’d saved more for retirement.

10:59 – Scary fact No. 4: 55% of retirees retired earlier than they expected - most of the time due to health issues or a job loss.

12:17 – Scary fact No. 4: 45% of Americans have saved nothing at all.

15:02 – Scary fact No. 5: 20% of Americans with a 401(k) plan take an early withdrawal or a loan against.

16:47 – Email question: Listener only has about $20K left on his vehicle until he is debt free and is considering taking money out of his 401(k) to pay that off. Is that a good idea?

18:48 – Scary fact No. 6: According to Social Security, only 77% of benefits will be promised being in 2034.

21:18 - We have to make sure we have investments that are outpacing inflation in retirement.

Show notes and additional resources: https://thefinancialanswer.com/podcasts/scary-facts-about-retirement/

On this episode: 

0:47 – Nathan is back from vacation.

1:47 – Halloween is approaching so that’ll be the theme for the show.

3:23 – We have seven facts that show how Halloween boosts the economy.  

4:33 – How much we spend on average on Halloween and how much that adds up to.  

5:19 – 2018 we saw fewer people celebrating but a higher average spend.  

5:57 – The average American says they don’t have enough in savings to cover a $500 emergency yet we set aside $100 for Halloween.

7:19 – The top five candies.

8:45 – Make sure you think about your plan when you’re budgeting for holidays.

10:53 – Do you recommend clients practice budgeting for retirement before they get there.

12:28 – You’ll have to adjust your budget in retirement because of inflation and other factors.  

Show notes: https://thefinancialanswer.com/podcasts/halloween-spending-and-retirement/

Show Notes: https://thefinancialanswer.com/podcasts/4-types-of-spenders/

0:55 - What kind of spender are you?

1:20 - Type #1 - The emotional spender.

3:35 - This can translate into emotional investing, which may cause a shift in goals or decisions.

5:31 - Type #2 - YOLO! You only live once, so let’s spend it all while I’m here.

5:57 - This type of spending can get you into a lot of debt.

7:37 - Type #3 - The savvy spender.

10:38 - Type #4 - The miser.

11:10 - This type feels like they will never have enough and cut corner to hoard it.

Today's rundown:

4:54 - Decide where you want to go. What do you want retirement to look like? 

7:09 - How do you get there?

9:36 - What happens if your plans fail? 

10:47 - What are you listening to along the way? What are your sources of information?

14:30 - When is it time to turn off the cruise control on your way to retirement?

Get the full show notes and additional resources by clicking here: https://thefinancialanswer.com/podcasts/planning-the-ultimate-road-trip-your-retirement/

On today's show:

1:29 - In the News: Jim Cramer, host of Mad Money, is shifting more toward education on his show and now agrees with the value of index funds.

5:59 - Fake News: Social Security going broke. But does that mean you will stop receiving funds?

8:47 - Fake News: The dollar will crash--buy gold now!

11:33 - Fake News: Recession is coming.

13:16 - Every few months we see market fluctuations.

16:05 - You can’t let a headline throw off your retirement plan.

Get the show notes and additional resources here: https://wp.me/paIiUZ-cl

Today's rundown:

0:58 – In the news: What’s going on with small cap stocks?

2:50 – How to check your mutual fund to see what investment style it uses.

3:55 – Should you be making changes to your portfolio?

5:10 – Confidence Corner: Decision-making roadblocks.

6:00 – Roadblock: too many decisions to make.

8:31 – Roadblock: Doing research yourself can overwhelm you in a hurry.

10:14 – You need someone that can hold your feet to the fire.

12:19 – Experience is the main educator that we have.

14:22 – Roadblock: You just don’t like talking about money.  

16:58 – Roadblock: Traumatic life events.

20:18 – Fun fact of the week.

Get the full show notes and additional resources by clicking here. 

Click here to see the full show notes for this episode.----more----

Today's rundown: 

2:48 - Law #9: Big results are driven by tail events.

6:09 - Law #13: Diagnosis errors create a tendency toward action.

9:24 - It won’t help you to have more action and changing things around.

10:27 - Law #15: Behavior is over analytics, because one can’t be taught and the other can.

13:20 - Data is influential but the chemicals in our brain make the ultimate decision.

Check out the full show notes by clicking here.----more----

Today's rundown: 

1:14 - “The Laws of Investing” has many topics worth considering based on a number of theories about investing.

2:15 – Law #3: Career realities create a mismatch between cash flow and time horizon.  

4:16 – Law #4: People with different time horizons and different goals want different things from the same asset.

7:16 - Law #5: Luck and risk are the opposite sides of the same coin but we treat them differently.

11:18 – Law #6: The biggest risk is always whatever no one is talking about.  

Check out the full show notes by clicking here. 

You can also access the Laws of Investing PDF mentioned during the show here.

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Today's rundown:

2:26 - “The Laws of Investing” has many topics worth considering based on a number of theories about investing.

4:31 - These influences can have an impact across all investment sectors, this is really about human behavior.

7:02 - You have to diversify your portfolio.

7:43 - Law #1: Optimism and pessimism is always going to overshoot.

8:57 - Volatility will always be there, so don’t let it scare you.

11:26 - Education provides a peace of mind.

11:57 - Law #2: Calm plants the seeds of crazy.

14:57 - Stability is actually destabilizing.

16:22 - Understand the signs of a scary time, but know it doesn’t always lead to one.

20:47 - People are worried about a recession, but looking at the data, being invested at the beginning of a recession, the returns are better than if you got out.

https://thefinancialanswer.com/

1:32 – A refresher of what the SECURE Act is.

2:10 – Myth: The Stretch IRA isn’t being fully “shut down”. It’s being changed, but not necessarily eliminated.

3:23 – It really impacts high earners because of how quickly you’ll have to withdraw large sums.

5:10 – Does this also impact inherited IRAs?

5:56 – The rule could go in place by end of the year.

6:38 – Could people still do a spousal rollover?

7:18 – Nathan & Marc play out a hypothetical situation of what someone will need to do once the law passes.

Check out the show notes by clicking here.

Today's rundown:

0:54 – It’s been a big week in Nathan’s life.

1:47 – Ways to fight the fears during a market decline.

2:38 – Loss of money creates a stronger reaction than earning money.

3:41 – Market declines are part of investing.

4:41 – 10% dips every year are common, even during this 10-year bull run.

5:33 – You only have to go back to December 2018 to see the last big dip.

7:12 – Diversification matters and this is a time you really see why.

9:03 – Best performing assets vs the worst performing in recent years.

10:33 – How to counter-balance your stocks with something less volatile.

11:33 – Why every portfolio should have fixed income.

Check out the full show notes here.----more----

Take a look at the rundown below:

2:16 - In the News: Democratic presidential candidate Pete Buttigieg and his plan for shoring up Social Security.  

4:11 - Bernie Sanders proposes raising the tax rate for Social Security.

5:35 - Buttigeg’s plan will not shore up Social Security for even 80 more years, so is it a good enough fix? 

7:32 - What if the age of retirement was pushed back instead?

10:39 - The “password problem” is a constant issue if your spouse or family member passes away but you cannot log in.

14:44 - There are a lot of options of what you can do with passwords as retirees and pre-retirees.

15:56 - One solution is using LastPass on the different programs you use, which is free for individuals.

18:11 - Your family may not know about what you have in the bank or retirement accounts if you get online statements.

Check out the full show notes for this episode by clicking here. ----more----

Take a look at what you can expect this show: 

2:30 - In the News: Ford is aiming to bring 100 self-driving cars on the road by the end of the year.

5:32 - In the News: Netflix has gone up 8500% in the last ten years, but some predict it will decline now that everyone is streaming.

8:05 - One motivator for financial security is to keep from being a burden on the kids.

10:43 - You don’t want to run out of money.

14:05 - The market jumping up and down drives you crazy.

16:17 - Quote of the Day: “Expect the best. Prepare for the worst. Capitalize on what comes.” - Zig Ziglar

Read more on this topic and see the show notes here. ----more----

Here's a rundown of this episode:

2:31 – In 2009, the U.S. stocks fell back to where they were in 1996.

5:00 – The Dow gained only 38 points in the ‘70s.

8:42 – When long-term U.S. government bonds outperformed the stock market. 

12:18 – How much the Dow lost in the early 1930s.

To read more about this topic and see the show notes, click here. ----more----

Want to save a little time? Click on the timestamp below to skip ahead to a specific topic:

2:17 – INTRODUCING TODAY’S TOPIC AND WHY IT’S IMPORTANT

3:21 – WHY IS MULTIPLE ADVISORS THE WRONG WAY TO GO?

4:25 – ESTABLISHING PROPER DIVERSIFICATION IN YOUR PORTFOLIO

7:10 – HOW AND WHEN TO REBALANCE YOUR PORTFOLIO          

9:44 – SPREADING YOUR INVESTMENTS MIGHT EVEN BE COSTING YOU MONEY

12:26 – WHAT ABOUT YOUR MOST PRECIOUS ASSET: YOUR TIME?

14:20 – THE INSTITUTIONAL MODEL AND WHY YOU SHOULD CONSIDER IT

15:40 – SO YOU’VE DECIDED TO GO WITH ONE ADVISOR, NOW HOW DO YOU SELECT THAT PERSON?

Full show notes: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-part-2/

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• This is part two talking about the SECURE Act, so go back to the previous podcast for part one.
• First major retirement legislation since 2006. 29 new provisions, but we will talk about eight. This is not yet finalized and the Senate has a similar bill.

• This will be an incentive for small companies to automatically enroll employees into a retirement plan. Employees will have the option to opt-out. The credit will go to the business owner to help offset the cost of setting up the plan.
• So many Americans are employed through small businesses, so hopefully this will help more people to start saving.

• Under the Act, you could take out $5,000 from your retirement following the birth or adoption of a child.
• This allows you to avoid the 10% penalty, but you still pay the taxes.

• A 401(k) plan is an example of a defined contribution plan. This rule would require employers to send a notice every year showing the expected growth of your money and your estimated monthly income in retirement.
• Nathan says it sounds like it will be a state-run plan under the proposed rules.

• Nathan loves stretch IRAs and feels this is the worst item in the SECURE Act because it eliminates a fantastic retirement building tool.
• This makes an inherited IRA have to be paid out, and therefore taxed, over a ten-year period. In the Senate, they are discussing setting a limit for this, which will have an impact on Roth conversions. Typically, Nathan recommends Roth conversions once an account hits $700,000, but if this is passed in the Senate with a limit then he will be forced to have that conversation with clients much sooner.

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.

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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 Full show notes here: https://thefinancialanswer.com/podcasts/presidential-financial-planning/

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• 2:20 Market Update
• The Dow is up right now and getting close to its previous highs. The ride up is fun, but it can be scary to think about people’s reactions when it will eventually turn and go back in a downward direction.
• Nobody can see the future. And also, it’s important to remember that the Dow is just an index, an indication of the market as a whole.
• Market volatility will always be there, it’s part of investing.

5:45 “When only one side of a story is heard and often repeated, the human mind will often become impressed with it.” - George Washington

• Wall Street was the mastermind at this because they created the idea that they could tell you which stock would do well.
• Nathan shares a story of someone who was a broker on Wall Street.
• People are becoming more educated and realistic about what’s possible. This is a good thing to keep our expectations in check.

7:58 “Ask not what your country can do for you, ask what you can do for your country.” - JFK

• As an advisor, Nathan wants to think more about what he can do for the client.
• Nathan shares a story about another advisor who was bragging about how much commission he earned.
• It’s got to be more about doing the right thing first. That’s the standard advisors should hold themselves to, but unfortunately, it’s not like that throughout all of the financial world.

10:47 “Think about every problem, every challenge we face. The solution to each starts with education.” - George Bush

• Nathan started as a broker, which was more of a sales position, but he prefers the educational process that he engages clients in now.
• If you understand what’s in your portfolio, then you have nothing to worry about. If you have no idea why it’s designed the way it is, then it’s time to investigate.

12:40 “Trust but verify.” - Ronald Reagan

• When working with a financial advisor, you want to trust them, but you should still verify the various recommendations they’re making.

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Check out the full show notes of this episode: https://thefinancialanswer.com/podcasts/stuff-that-doesnt-work/

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2:17 In the news: Yield curve inversion

• The yield curve inversion is the ten-year yield compared to the two year one.
• The ten-year treasury is paying less than the two year.
• Historically, people say it is a sign of an economic recession to come, but that hasn’t happened every single time.

6:02 Guessing how long you’ll live based on your parents’ age

• You don’t know how long you’re going to live.
• If you’re trying to guess, start with at least five years past your parents’ lifetime but then consider your personal health as well.
• Medical advances have also changed how long you can expect to live (for the better).

8:17 Changing someone’s mind on a political stance with a Facebook post

• This doesn’t work, but it happens every day.
• Politics, religion, or anything--it doesn’t work. Sometimes people are more comfortable when sitting behind the computer and it leads to more heated debates.

9:18 Timing the market

• Stop trying to guess it, no one can predict it with any kind of certainty.
• The worst thing that can happen is for you to guess it right one time because then it fuels you to keep on guessing.

11:08 Cheesy pickup lines

• They work occasionally, Nathan’s wife can verify.
• It has to be based on the relationship.

12:17 Planning to avoid long-term healthcare

• Almost everyone says they’ll take care of each other or the kids will do it.
• No one wants to go to long-term care or goes for fun, it’s because they must.
• The family has usually done everything they can up to that point.
• Set money aside or buy insurance for that.
• Have the conversation with each other and with a financial advisor.

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

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2:24 In the News: The Numbers

• According to a survey, 7 percent of Americans think chocolate milk comes from brown cows.
• Many people think they will win the lottery one day and that is their retirement plan (it’s not a plan).
• The DOW has been sliding for several weeks but is coming up again and back in the green.

6:46 Assumption #1: A Roth IRA Will Save Money In The End

• For most young people that is the case, but it’s not always true for everyone.
• For younger, high-income earners it might make more sense to defer the taxes until retirement when you won’t be making that high income.
• It’s worth checking with an advisor.

8:37 Assumption #2: Delaying Social Security Will Yield More

• There’s a breakeven point to this, typically between 75 and 80 years old.
• Look at your own situation and your health to see if it makes sense to delay.
• Social Security is going to have change systematically, but we don’t know what will happen.

12:22 Assumption #3: Bonds Will Create a Safer Portfolio

• Bonds create volatility if they are longer term and don’t necessarily create safety.

13:31 Assumption #4: Taking The Lump Sum Option On A Pension Is Best

• You need to look at your entire situation. It is not always best to take the lump sum.
• Sit down with an advisor and make a plan with your spouse.
• A lump sum may be the best option, but a lot of times Nathan has recommended the pension option.
• Your market investments don’t have a guarantee, so a guaranteed income is nice in certain situations.
• Make sure you do the right thing for your unique needs.

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VIEW THE FULL RELATED BLOG POST FOR THIS EPISODE: https://wp.me/paIiUZ-8T

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• Congress is working on a bill to push back the RMD age from 70.5 to 72.
• There’s always give and take, but overall Nathan likes this idea.
• One of the negatives, however, is the rule on an inherited IRA.
• Nathan discusses how it could have implications on how “retirement age” is defined in the future.

• Just like you don’t want to bring a full-size bottle of shampoo through TSA, you want to filter out debt before retirement.
• Home debt is not considered “bad debt”, but if you can get rid of it, you’ll have more flexibility with your finances.
• Letting go of some stocks will reduce your volatility.
• A good portfolio for retirement might have 50-70 percent in stocks.
• If kids are living at home, it might be time for them to move out as you near retirement.

• Things like the TSA PreCheck cost more but can save you some time and trouble. You get a similar impact in retirement when you work with a fiduciary advisor.
• Advice from a fiduciary might cost money but that person can truly give you guidance and help.
• The cost of long-term care insurance is high, but if you need care (and the odds are you will) it will help you and your spouse and be worth the cost.

• You need to be flexible in retirement, just as you would be when your gate changes at the airport.
• One of the best things you can do is remain physically and socially active.
• Income can fluctuate. Taxes can, too. Have a plan that’s flexible.
• Working with a good advisor can help you adapt to changes.

Click the link to read more from Nathan's Blog: https://thefinancialanswer.com/podcasts/different-ways-you-might-respond-to-a-down-market/

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/understanding-the-4-percent-rule/

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/vacation-planning-and-retirement/

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/lessons-from-fly-fishing/

Your children and grandchildren play a huge part in your financial planning for the future. In this podcast, we’ll talk about four areas that you should consider when it comes to your finances as it relates to future generations as well as your retirement planning.

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/financial-planning-and-future-generations/

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/a-curious-email-teaches-us-about-dividend-paying-stocks/

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/unlikely-wisdom-when-it-comes-to-your-finances/

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/how-to-manage-the-stress-of-retirement/

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/five-things-that-could-ruin-your-retirement-savings/

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/lazy-money/

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/questions-you-should-be-asking-part-02/