Financial Jeopardy

What is…financial Jeopardy? It’s time to play for all the points and see what financial questions Nathan can answer on today’s show.
Share this episode with a friend:

Confidence Corner

Ready to see how you fair in today’s quiz? Nathan is put to the test as we play a Jeopardy-style game focused on financial products, financial standards, and what you might face in your financial future.

This financial product gives a bad name to some of the others: variable annuities. Typically, they have high fees and a lot of riders, but sometimes that means a lot of broken promises. Be careful with these, they are oversold. Sometimes an annuity is the right fit for your portfolio, but make sure you get the right annuity for you.

Next, this requires a financial advisor to put the clients’ best interest ahead of their own: the fiduciary standard. Unfortunately, not every advisor is governed by this rule. A broker gets paid more to sell you their products, which might not necessarily be what’s best for you.

What common retirement staple is becoming scarce as an employment benefit? Pensions are becoming scarce. Employers don’t like the liability and expense, but many employees don’t like having to work with a certain company their whole lives. Instead, you have to make sure you set aside what you need in retirement.

Mandated by the IRS, these force retirees to drain retirement accounts whether they want to or not. What is required minimum distributions? These distributions require you to take money out and pay taxes on it, starting at age 72. There are other options though to reduce what these RMDs amount to, such as Roth conversions. 

Finally, this financial phenomenon is thought to be way off by some or currently eminent by others. A market correction is something that is happening now. A lot of different things affect it, but remember that corrections are normal.

Listen to the entire episode or skip ahead using the timestamps below.

[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.

A Point Of Wisdom:

“Looking historically, we see market movement within two percent, two and a half percent up or down every day. That’s normal. Then you have days that are outside of the norm.”

-Nathan O’Bryant

Share this episode with a friend:

EXPLORE MORE EPISODES

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.

SUBSCRIBE

RETIREMENT RESCUE TOOLKIT

How You can Become a More Confident Investor and Truly have Peace of Mind

GET YOURS NOW!

If you’re ready to finally have peace of mind with investing then you’ve come to the right place.

My Free Investor Awareness Guide, Book and audio CD will reveal the mistakes that cost investors tremendously over their lifetime.  These mistakes often lead to poor performance and frustration with investing.

Best of all I’m going to send everything to you FREE – just fill in the form and click the “send my kit” button – we will ship it out to you immediately.