The Financial Answer

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.

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.

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.

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.

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.

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.

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.

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?”

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.

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.

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