The Financial Answer

Today, we're talking about Type A personalities. If you're driven, competitive, and goal-oriented, then you're likely part of the club that struggles during difficult markets. When things get tough, your instinct is to work harder, push more, and fix the problem. But, as Nathan reveals in this conversation, when it comes to investing, that instinct can sometimes backfire.   Here's some of what we discuss in this episode:

What drives your financial decisions: cold hard numbers, or the way you feel? In this episode, Nathan kicks off a financial book club series with a look at The Psychology of Money by Morgan Housel, one of his favorite reads. This widely acclaimed book doesn't just focus on dollars and decimals; it unpacks how emotions, personal history, and mindset shape the way we spend, save, invest, and plan for the future.   Here's some of what we discuss in this episode:

When the market drops, anxiety at home may rise. In this episode, Nathan explores how couples can navigate fear, miscommunication, and different emotional reactions to investing during downturns. You'll hear why involving both spouses in planning meetings makes a measurable difference in confidence and calm. Here's some of what we discuss in this episode:

Market headlines are screaming and your portfolio is bouncing around. You're tempted to “do something,” but what actually makes sense when volatility kicks in? In this episode, Nathan breaks down four practical strategies for navigating downturns without losing your cool (or your long-term plan). If you're feeling shaken by the market dip or wondering what to do the next time one rolls around, we'll share some practical guidance. Here's some of what we discuss in this episode:

April Fool's Day is all about jokes and pranks, but when it comes to retirement planning, getting fooled can cost you real money. Today, we're uncovering the beliefs that fool retirees and pre-retirees into making bad financial moves. We'll cover some of the most common myths that can derail your retirement plans and explain why they might not be as true as they seem. 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 

Ever wonder what other people talk about with their financial advisors? A new survey of nearly 400 experienced advisors reveals the biggest concerns, challenges, and financial goals their clients are facing today. From retirement planning to healthcare costs to working longer than expected, we're breaking down the key takeaways and how they compare to what we see in our own client conversations.

Valentine's season is all about love, but let's be honest, money plays a huge role in any relationship. Whether you've been together for decades or are just starting out, financial stress can put a strain on even the strongest partnerships. So, how do you talk about money without killing the romance? In today's episode, we're looking at the questions every couple should ask about finances and retirement. 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 

The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy? 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 

Inflation has been a hot topic in recent years and continues to be as we navigate through 2025. With rising prices affecting everything from healthcare to everyday expenses, its effect on long-term financial strategies is arguably more significant than ever. In this episode, we'll explore how to adjust your retirement strategy to stay ahead. 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 

Brrr, it's cold out there! Winter has a lot of people thinking about warmer weather. For some, that just means an annual vacation down south. But for certain retirees, they choose to live elsewhere through the brunt of winter, becoming “snowbirds.” Is snowbird life for you? Join in with 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 

Is rebalancing your portfolio a December tradition, a January jumpstart, or something triggered by a big life event or even the economy? Let's explore the when, why, and how of rebalancing. 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 

Did you know most Americans retire earlier than planned? This is often due to unexpected health issues, job changes, or financial surprises. These challenges can force people out of work early, leaving them unprepared for decades of retirement. 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 

Election season has officially wrapped up, and with the results in, we now have a clearer picture of what the future may hold. In today's episode, Nathan and Marc dive into several important topics that could be shaped by the new administration. Listen in as they discuss the potential extension of the Tax Cuts and Jobs Act, government spending and tariffs, and how the outcome of presidential elections can influence the market. 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 

Whether you're anticipating a year-end bonus this December, recently received an inheritance, or even won the lottery (hey, we're all allowed to dream), figuring out what to do with a large financial windfall can feel overwhelming. No matter how you've come into this newfound wealth, it's important to approach it thoughtfully. 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 

Wondering if dividend investing is still the best approach for your retirement? Based on a recent article, we dive into what incidental income is and how it may change your strategy around dividends. Nathan talks about how it generates cash flow from portfolio turnover rather than relying solely on dividends.  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 

The financial landscape is changing rapidly, and if you're focused on retirement, these shifts can't be ignored. In today's episode, we break down the trends that will define the rest of 2024 and their implications for your retirement plan.   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  

Retirement planning as a couple can come with its share of challenges. You aren't planning for the financial future of just one person, but two! Often, each person comes with their own set of fears, feelings, and feedback. 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  

As we celebrate National Financial Planning Month, there's no better time to take control of your financial future. In today's podcast, Nathan discusses the ins and outs of building a personalized financial plan. Whether you're just starting out or looking to refine your strategy, Nathan's insights are invaluable for anyone looking to secure their financial future.   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  

Recently, the IRS provided some much-needed clarity on the Secure Act changes, specifically regarding Required Minimum Distributions (RMDs). In today's podcast, Nathan breaks down these updates and explains their implications for your financial strategy. 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  

Market volatility can be a nerve-wracking experience for any investor. Recent fluctuations have left some questioning the future of their investments. Nathan outlines which crucial strategies to follow in order to help you manage your investments, no matter how turbulent the times. From staying invested to rebalancing your portfolio, these tips are designed to keep you on track toward your financial goals. 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  

In the ever-evolving landscape of financial products, BlackRock has recently introduced a stock ETF with a 100% downside hedge. This announcement has generated a buzz among investors, but what does it really mean? In our latest podcast, Nathan breaks down the complexities of this new offering and provides crucial insights for investors.   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      

As we navigate through the year, the economic and political landscape remains a topic of concern and speculation. Are there still predictions of a recession looming over us? If so, how can you shore up your financial position, no matter what the future may hold?   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  

Should you get into cryptocurrency? Cryptocurrency has been a hot topic for years, often seen as the Wild West of the financial world. However, recent developments suggest that this once-fringe investment is moving into the mainstream. One of the most significant milestones is the SEC's approval of a spot for Ethereum as an ETF. Nathan shares how he views this form of investing and how it may or may not fit in your financial plan.   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  

In this special Father's Day episode, Nathan dives into classic “dadisms” to draw out valuable financial lessons from them. We discuss the importance of avoiding knee-jerk financial decisions, understanding the true weight of financial burdens, and the dangers of chasing that "better parking spot" in your investment portfolio.   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  

Are you guilty of putting all your eggs in one financial basket? The latest episode of our podcast delves into the critical topic of investment diversification. We discuss everything from common mistakes Nathan sees to historic examples of when the financial bubble burst. What does true diversification look like and how can you achieve it in your portfolio?   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  

While the stretch IRA has been gone for a few years now, a new tweak in the rules has added some confusion. On today's episode, we discuss what this may mean for inherited IRAs and look at a recent article from CNBC to break it down. Currently, there is a 10-year rule to withdraw from an inherited IRA account, but the IRS is allowing a penalty relief in 2024 to certain heirs considered “non-eligible designated beneficiaries” as they work to figure it out.   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  

Are you ready for a reality check when it comes to retirement? Today we wade through the myths and truths of post-career life, where the expectations of endless cruises clash with the reality of budgeting for healthcare. Learn why setting realistic goals and being adaptable are the keys to a successful retirement.   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    

It's almost derby time! But what does it take to take home the crown? On today's show, we talk about the things you'll want to keep in mind to win big when it comes to your financial plan. From training for the moment in the best way to understanding the kinds of bets you're making, what financial lessons can be learned from such a famous horse race?    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  

No matter what generation you're in, you likely have questions when it comes to retirement. In this multi-part series we will discuss the different questions common among different generations. Today we talk through how to best prepare for that life transition if you are a Baby Boomer.   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  

Sometimes technology and innovation can help simplify and streamline things, but other times it can cause more of a headache than before. Today, we talk about what can become more complex and what is improved when you introduce technology into your financial planning.   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 

How have things changed since when your grandparents were planning for retirement? So many things have gone up in cost! Instead of pretending things are still like they used to be or avoiding the topic, it's important to face some of these facts head-on. Listen in as we wrap up our conversation about how retirement planning can be harder than it used to be.     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 

We've all heard our parents or older generations say, “Well, back in my day…” Some things that were harder in the past have been eased with technology and other advances. But other things have become overcomplicated or more difficult. Today, we talk about the ways retirement planning has changed and potentially gotten more challenging than it used to be.     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 

We're living in a fast-food world, but sometimes it's worth waiting for the good stuff. Making financial sacrifices can be hard, but today we talk about when the delayed gratification is worth it. From saving for your future to having what you need in retirement, you'll want to be strategic about your money.   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 

More and more people are getting an inheritance these days. In today's show, we answer some of the common questions people face when receiving, or planning on one day receiving, an inheritance. Hearing these questions may help you prepare ahead of time for a smooth transition of assets when the time comes.   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 

As we near the holidays, you might be scrambling for last-minute gifts and preparing for a festive celebration. For many of us, the gifts in the stocking cover a range of everything from practical to absurd. Today, we talk through some of the fun financial things you might want to stuff in your metaphorical (or literal!) stocking.   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 

‘Tis the season for a bit of holiday cheer! What can we learn about financial planning from some classic Christmas songs? These tunes we sing along to every year carry some great metaphors and lessons if you know where to look. For instance, we all know Rudolph the red-nosed reindeer was made fun of and overlooked, but turned out to be a great asset on Christmas Eve. What kind of financial decisions and products are more valuable than some people realize at first glance?     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 

Ready for an adventure? Sometimes climbing a mountain is full of adventure, and sometimes it's more about being prepared. You have to get the proper gear, get used to using it, and practice before you summit a major mountain. Doing something step by step over time may be boring at times, but it helps you get to the goal. The same is true with saving for retirement.   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 

What can we learn about retirement planning from browsing the cereal aisle at the grocery store? We love finding relatable ways to teach about financial topics, so let's scoop up a few bites of financial understanding on today's show.   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 

It's always better to learn from the mistakes of others so you don't have to make them yourself. In this episode, we talk through some common financial mistakes people make and share what you can do to avoid them. Remember, thinking through these situations now can help you steer clear of costly problems down the line!   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 

Let's look at some of the hidden questions that come up when retirement planning. Whether you have put them off to the side or would rather focus on something else, all of these things are important components of your retirement plan. Talking through these questions with a financial advisor can help better position yourself in the long-run and cover you for what you need.   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 

Radio talk show host turned TikTok user, Dave Ramsey, is known for doling out financial advice to a wide audience. Today, we talk through some quotes from Ramsey to see what Nathan thinks as a financial advisor. Be it investing from a place of knowledge to relying on delayed gratification to make decisions, there's a lot we can learn from him. Ultimately though, you have to have a strategy and a plan that works for you in order to meet your financial goals. Working with a qualified financial professional to create that plan will be better than simply generic advice for the masses. 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   

When we look toward the future, what's ahead? Whether you take more of an optimistic or pessimistic view of things, it's important to know what to expect. In this episode, we talk about what Americans may face when it comes to retiring in the years ahead. Listen in as we discuss Social Security, healthcare, tax rates and more.   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   

In a shocking turn of events, we're going to spend some time bashing the Roth today. Inspired by an article we found on Yahoo Finance, Nathan shares his thoughts on a Roth. Is it really the right thing for you? Instead of basing your decisions on some one-size-fits-all financial advice, it's important to consider your unique and personal financial situation.   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  

We're back for another segment where we see what lessons we can learn from popular quotes. Join us as we delve into the world of fiction and explore the valuable financial lessons we can learn from the beloved character Ron Swanson, portrayed by Nick Offerman, in the iconic TV series “Parks and Recreation.”   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 

Welcome back to part two of our discussion on resolving financial tension between couples. In this episode, we'll explore five more common areas of financial strain: emergency fund size, charitable contributions, handling inheritances, insurance needs, and financial management style. Stay tuned to learn how advisors like Nathan work to resolve conflicts in these areas as they arise.     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 

Money can't buy love, but it can certainly start some spicy debates between you and your better half. In this episode, we're digging into the financial face-offs that make Monopoly fights look like child's play and exploring some money minefields that can test even the most solid relationships. Listen in as we explore how to resolve some of the most common financial sources of tension between couples.   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   

For many people, their 401(k) is one of their main investment vehicles. While it can be a fantastic choice, today we highlight the reasons why it might not be the right fit for everyone. There are times when you might not want to invest in a 401(k) or invest as much into it.   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 

When you have a party, you want it to be a success! A party should be full of fun, joy, and festivity! In fact, Nathan just celebrated 20 years with his clients with a party. But what ruins a party? Things like procrastination and poor planning can be a recipe for disaster. On today's show we talk about the bad money habits that could spoil the party that is your retirement.   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 

Following the wedding of Nathan's son, we wanted to discuss the many things retirement planning and wedding planning have in common. From financial management in the planning process to preparing for the needs and wants of multiple people, there's a lot to think about. Everybody hopes it will be perfect, but you know that life is going to throw you curveballs. Having a plan will help you prepare and having a good mindset will help you get through the tougher times in both marriage and retirement planning.    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   

After a string of recent bank collapses, should we feel comfortable with having money in the banks? What safeguards have been put in place by the government to offer some protection? A lot of talking heads have weighed in on this issue recently, so we're going to discuss some of those quotes in today's episode. We'll take a closer look at what happened and what strategies you might want to consider as well.   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   

One of the reasons that financial planning is not a one-size-fits-all answer is that everyone's age, goals, and experiences are different. What you needed in your 20s might look very different from what you need to do in your 50s. Today we talk through the impact both age and wisdom have when you sit down and make a financial plan with a qualified professional.   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