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  

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.

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.

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?

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?

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.

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.

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.

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?

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