Retirement Ready

What does it look like to achieve financial security? Let’s talk through a few financial goals people have when they meet with a financial advisor.    Key topics on this show:  0:47 - What is your definition of financial security? 3:18 - You don’t want to run out of money. 4:31 - Maybe you want to be able to work on your terms. 6:41 - Having an emergency fund protects you. 9:13 - How do you avoid...

When you’re a business owner, you put your heart and soul into your business. There’s a lot that goes into starting and running a successful business. When it’s time to retire though, how can you make sure your transition goes well?   Key topics on this show:  1:04 - If you start a successful business, will you be set for retirement? 5:30 - How will you sell it? 9:02 - Are you planning on the fami...

How much should you pay attention to some of these recent financial news headlines? Eric shares what he thinks and what matters when it comes to your financial situation.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  1:18 - Are we preparing for an economic hurricane? 3:22 - Mortgage rates are in for a b...

Should you follow conventional wisdom when it comes to your financial decisions? Eric shares when the conventional wisdom might not be best.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - Should you invest in real estate? 3:49 - Is there good debt vs. bad debt? 5:52 - Is retirement a chance to rel...

Let’s plan the vacation of your dreams: retirement. More than simply a week away, you want to spend the right amount of time and energy thinking about this major season in life.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  1:08 - Where will you stay? 3:03 - Where are you going to eat? 6:10 - Unexpected...

What are we all facing and wondering about in our financial futures? Eric talks through a few topics you might have had on your mind lately.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - What can we all relate to? 1:46 - What do we all have in our car? 2:22 - We all are looking at Social Security...

Where’s the best place for your money to go? Several people are considering where their money should be, so Eric answers three questions from the mailbag for today’s show.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:46 - What if I don’t know if I’m wanting to retire? 5:33 - Should I do a rollover to...

Ready to ace your retirement plans? Let’s talk tennis and see how much it relates to your financial plans on today’s show.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - Eric reminisces about playing tennis back in the day. 1:49 - The court is different for singles vs. a doubles match. 5:19 - Fina...

What financial advice does Eric have for younger couples? What can you do to reduce next year’s taxes? Eric answers these questions and more from the mailbag.    Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - What are good investing tips to share with others? 3:20 - Should I delay taking my Social S...

What do you need to get you through the long haul of life? Eric talks us through what this looks like in your financial plan and how to build it with an eye on a distant horizon.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - What are the biggest downsides to a longer life expectancy? 3:33 - How c...

Everywhere you turn there’s a headline about inflation but what do you need to know about what’s going on? Eric weighs in on the recent numbers and what you can do about it.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:46 - What is happening with inflation? 3:00 - Gas is at the top of the list. 5:32...

What kind of savings do you really need for retirement? Are you working with the right advisor to get you there? Eric answers three questions from listeners on today's show.    Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - Mailbag: If I can’t save 15 percent for retirement will I be okay? 4:45 - Ma...

Come on down! We talk about our favorite TV game shows and how it relates to our financial plan (and when it should look different).   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - Do you have a favorite TV game show? 2:08 - The Price is Right…with your stocks? 4:54 - Are You Smarter Than a 5th Gra...

What do you need to know when it comes to tax planning? Eric outlines the ways a tax strategy can make a big difference in your retirement plan.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:47 - Thinking about taxes? 5:57 - Will taxes be lower in retirement? 8:12 - How can you be strategic about your...

How do you get the answers you need? A lot of it comes down to asking the right questions. We talk through some of the wrong questions people often ask and what you should be asking instead.    Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:46 - How much money do I need saved for retirement? 2:25 - Shoul...

What should you do about 401(k) accounts from old jobs? How can you find out what your Social Security benefits would be? Eric answers these questions on today’s show.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:46 - What should I do about my investments taking a hit so close to retirement? 4:07 - H...

How you feel about things has a big impact on your financial decisions. We talk through several areas where understanding your feelings can help you determine what’s best for your financial plan.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/     What we discuss in this episode:  0:46 - We all feel strongly about money. 3:00 - How do you fee...

Do people usually fret about running out of money? Are there ways to set aside retirement money for your adult children? Eric answers these questions and more on today’s show.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/   What we discuss in this episode:  0:46 - Can I help my adult son save for retirement? 4:04 - Is it common to worry abo...

What kind of costs are you paying that you might not even realize? Eric identifies some hidden fees to look out for when planning for retirement.   Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/   What we discuss in this episode:  1:47 - Mutual funds often have hidden fees. 4:42 - What are variable annuity fees like? 7:42 - Inflation is typica...

Time for some questions from the mailbag! Are you making wise financial decisions when it comes to generating retirement income? Hear what Eric has to say on today’s show.   Read more and get additional financial resources here: http://petersonfg.com     What we discuss in this episode:  0:47 - Mailbag: Should I sell my rental property for more liquidity? 4:11 - Mailbag: Should I defer my Social S...

Ready to spend some time on the basketball court? We have some fun talking through past quotes from Shaq and then applying them to financial decisions.   Read more and get additional financial resources here: http://petersonfg.com     What we discuss in this episode:  0:46 - Let’s get some advice from Shaq! 2:43 - “Excellence is not a singular act…” 4:33 - “I’m like tax, you’re going to pay one wa...

What do an airport and your retirement plan have in common? Find out things like what to leave behind, what’s worth the money, and what’s a rip-off on today’s podcast!   Read more and get additional financial resources here: http://petersonfg.com     What we discuss in this episode:  0:46 - What should you remove before retirement? 2:15 - What’s worth paying for? 3:38 - How might you need to adapt...

What retirement plans simply don’t work out the way you want them to? Eric talks through the realities of retirement and how we can better plan accordingly.   What we discuss: 0:47 - What are the things that don’t work? 2:20 - Having a target date fund might not fit your needs. 4:02 - We’ll take care of each other in old age. 6:52 - You can’t guess how long you’ll live. 8:47 - Do you have someone...

When it comes to phrases or jargon, it’s good to know how to say it and what means what. Do you know what we’re talking about with each of these things?   What we discuss: 0:47 - Tennis shoes, sneakers, or gym shoes? 1:35 - Market crash, market correction, or bear market? 4:26 - Fireflies or lightning bugs? 5:00 - Soda or pop? 5:25 - Junk bonds or high yield bonds? 7:04 - Stocks or equities? 7:39...

Let’s play a little game of overrated or underrated to see how Eric feels about a number of financial topics (and some silly ones) in today’s podcast! Which of these do you agree with?   What we discuss: 1:09 - Over or under: getting a big tax refund? 3:23 - Is Star Wars overrated? 5:38 - Should you pay off your house early? 7:21 - Are variable annuities over or underrated? 9:39 - Who is a fan of...