Cleaning Your Financial Closet – Lockdown Edition

We’re all spending a lot more time at home right now and using this as an opportunity to get organized. So let’s clean out our own financial closet by taking care of the things you’ve probably had on your list for a while and tidying up some areas of concern.
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We’re all spending a lot more time at home right now and using this as an opportunity to get organized. So let’s clean out our own financial closet by taking care of the things you’ve probably had on your list for a while and tidying up some areas of concern.

Click on the timestamps below to jump to specific topics. 

Confidence Corner

Each of us has spent a lot more time at home during this health crisis and many of us are starting to look for new things to do.

What about cleaning? You’ve probably already straightened up your house and tackled a bunch of projects on your list, but what have you done on the financial side?

Much like the way you would clean out that one closet in your house that has too much stuff in it, we’re going to help clean out your financial closet on this episode of The Financial Answer. Let’s look at a few areas of your retirement plan that either got overlooked or might have been set aside for a little while. It might take a little time now, but we’re all on lockdown with no place to go and it will pay nice dividends down the road.

Speaking of lockdown, we’re going to spend a little time updating the coronavirus’ impact on the economy and the markets. Everyone is in such a difficult position right now but we hope to see some relief from the stay at home orders soon so people can begin working again.

Stay strong out there and take advantage of the down time. If I can be of any help on the financial side of things, please reach out to our office and set up a time to meet.

Listen to the full episode above or click on the timestamps below to skip around to specific topics.

[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.

 

 

A Point Of Wisdom:

 

Related Content:

PODCAST: Coronavirus Market Update + What’s Next

PODCAST: What Pandemics Often Do to the Market

PODCAST: Coronavirus Aid – What You Need to Know About the CARES Act

 

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YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

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