Questions You Should Be Asking Part 02

Last week we began a two-part series outlining the questions you should be asking but probably aren't as you approach retirement. In part two, we'll examine the controversial topic of life insurance. Some see life insurance as an income replacement, and others view it as a way to leave a legacy. Others still argue it just makes insurance companies wealthier. Join us as we challenge you to consider whether life insurance is beneficial to you in retirement.
Share this episode with a friend:

Today’s Question:

Last week we began a two-part series outlining the questions you should be asking but probably aren’t as you approach retirement. In part two, we’ll examine the controversial topic of life insurance. Some see life insurance as an income replacement, and others view it as a way to leave a legacy. Others still argue it just makes insurance companies wealthier. Join us as we challenge you to consider whether life insurance is beneficial to you in retirement.

In The News:

2:00Americans spent $20 billion on Valentine’s Day this year. Nathan shares the implications of that number on the economy as a whole .

3:50 – February saw a steady climb on Wall Street. Nathan explains how a slow and steady approach is a healthier approach to investing.

The Confidence Corner:

6:00 – Many folks want to know whether they should continue to own life insurance in retirement. Most people own term policies, and they don’t need them once they retire. However, we’ve worked with certain clients who still value term policies in retirement. Nathan explains why your life insurance needs should be dependent on your situation.

8:50 – Some advisors push life insurance as a way to leave a legacy. In reality, life insurance isn’t a good investment, and when you purchase it as an investment, you’re making life insurance companies wealthy. You’d be much better investing that portion of your wealth in the market in order to create a legacy.

10:50 – Medical coverage is another element of retirement planning that our clients tend to forget. Medicare won’t cover all of your medical needs, so you need to consider what medical coverage you’ll need above and beyond Medicare.

The Mailbag:

13:47 – Jocelyn owns several blue chip stocks, and she’s owned them for many years. She’s been told she needs to find safer investments as she approaches retirement, and she wants to know what she should do.

A Point Of Wisdom:

Additional Resources:

Schedule A Meeting

Download Your Retirement Rescue Toolkit Learn More About Our Firm

Your Guide:

Nathan O’Bryant – Contact

Share this episode with a friend:

EXPLORE MORE EPISODES

What Weddings and Retirement Planning Have in Common

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. 

Listen Now »

Breaking Down The Commentary After Recent Bank Collapses

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.

Listen Now »

How Age and Wisdom Impact Your Financial Planning

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.

Listen Now »

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