Retirement Ready

When retirement planning, you may have to make decisions regarding your finances such as which pension package to take or how to plan for long-term care. Eric answers three questions from the mailbag in today’s podcast.   Read more and get additional financial planning resources: https://petersonfg.com/mailbag-do-i-need-long-term-care-insurance-if-i-expect-an-inheritance/     What we discuss on th...

Many of us have a 401(k), but what mistakes can get overlooked? Eric shares a few key points to keep in mind when it comes to your 401(k). Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/   What we discuss on this episode:  0:46 - The 401(k) is an easy way to save. 3:05 - Did you leave it with a former employer? 5:25 - Are you rebalancing? 7:06...

What kind of blind spots should you look out for when it comes to your financial plan? We talk about four key areas that often get overlooked when retirement planning.   Read more and get additional financial resources here: https://petersonfg.com/financial-blind-spots/     What we discuss on this episode:  1:08 - The danger of a downturn. 5:18 - Inflation is a big blind spot. 6:54 - Medical costs...

Today on the podcast, we discuss the SECURE Act 2.0. While we have talked through the SECURE Act in the past, this is a whole new set of changes should it get passed. Which of these will play the biggest role in impacting your financial future?   Read more and get additional financial resources here: https://petersonfg.com/secure-act-2-0-what-to-know/     What we discuss on this episode:  0:46 - W...

Are you avoiding meeting with an advisor? Let’s talk through some of those fears or doubts and help you overcome the hurdles to getting your financial plan in order.   Read more and get additional financial resources here: https://petersonfg.com/why-people-put-off-meeting-with-a-financial-advisor/     What we discuss on this episode:  0:47 - Do you avoid going to a financial advisor? 1:29 - It mig...

What emotions are you prone to fall for when investing? How can you overcome the emotional grip? Making investment decisions based on emotions can cause your plan to not be successful. Today we’ll find out primary emotions to look out for and what to do about them.   Read more and get additional financial resources here: https://petersonfg.com/emotions-that-drive-financial-decisions/     What we d...

When should you use your IRA and how can it be best utilized? These three questions from the mailbag all mention their IRA as an option, but what does Eric have to say about all of these situations? Find out!   Read more and get additional financial resources here: https://petersonfg.com/mailbag-what-should-i-do-with-my-ira/     What we discuss on this episode:  0:47 - Mailbag: Should I take money...

Are you nervous about all the taxes you might have to pay in retirement? We talk through strategies you can implement now to reduce your taxes down the road.   Read more and get additional financial resources here: https://petersonfg.com/avoiding-the-tax-time-bomb/     What we discuss on this episode:  0:46 - What are tax strategies to consider? 1:11 - Reducing the 401(k) contributions. 3:22 - If...

Are you looking at the future and wondering, “What if…?” We talk through several scenarios to see what may or may not be possible and how you can prepare accordingly.    Read more and get additional financial resources here: https://petersonfg.com/the-what-if-game/     What we discuss on this episode:  1:20 - What if… interest rates double? 3:24 - What if… married couples under 30 have one (or les...

What kind of tax plans have been proposed lately? These plans may cause you to strategize differently when it comes to your financial plan.   Read more and get additional financial resources here: https://petersonfg.com/navigating-the-new-administrations-tax-plan/     What we discuss on this episode:  1:08 - Top individual tax rates will increase. 3:50 - What happens when the corporate tax rate go...

On today’s episode of the Retirement Ready podcast, we check in to see how ready you really are. What sorts of things are you overlooking, and where do you need to stay better focused? Know all you need for retirement? Take this little quiz to see where you stand when it comes to retirement readiness.   Read more and get additional financial resources here: https://petersonfg.com/retirement-readin...

America’s pastime has been enjoyed by people of all ages for many, many years, but how much have you thought about baseball from a retirement planning perspective? Today we’ll explore the parallels between being successful in sport and finances.   Read more and get additional financial resources here: https://petersonfg.com/baseball-and-retirement-planning/     What we discuss on this episode: 1:4...

Which of these financial opinions are really worth paying attention to? Eric shares ways to reframe and better understand these financial opinions and how they work in your financial plan.   Read more and get additional financial resources here: https://petersonfg.com/unpopular-financial-opinions/     What we discuss on this episode:  2:23 - What is the appropriate use of life insurance? 5:25 - Sh...

You may have heard of at least one if not all of these financial rules , but should you follow them? What do they really mean? On today’s episode of the podcast, we talk through four common rules of thumb when it comes to financial planning and what Eric advises about them.   Read more and get additional financial resources here: https://petersonfg.com/financial-rules-of-thumb/     What we discuss...

While financial planning has a lot of numbers involved, here are a few letters and abbreviations you should know, too. Eric explains several common financial abbreviations.   Read more and get additional financial resources here: https://petersonfg.com/financial-abbreviations-explained/     What we discuss on this episode:  1:05 - What is an ETF?  2:36 - Do you know what an RMD is? 4:22 - What abo...

We all hear retirement plans and opinions but does Eric agree with these? On this episode of the podcast we play a game of “agree or disagree?” with some commonly thought retirement planning statements. What do you think?   Read more and get additional financial resources here: https://petersonfg.com/do-you-agree-or-disagree-with-this-retirement-advice/     What we discuss on this episode: 0:58 -...

When it comes to retirement, beyond the numbers, how do you want your life to look? Eric answers three questions from the mailbag this week that go beyond the basic financials and consider the retirement lifestyle and mindset listeners are most interested in pursuing.   Read more and get additional financial resources here: https://petersonfg.com/mailbag-can-i-sell-my-home-and-just-rent-in-retirem...

Have you been procrastinating putting together a financial plan or do you have a sense of urgency? What events may prompt you to act quickly?   Read more and get additional financial resources here: https://petersonfg.com/what-creates-a-sense-of-urgency-with-your-financial-plan/     What we discuss on this episode:  1:23 - The loss of a job creates a sense urgency. 3:29 - Do you have to make a dec...

Another popular financial radio host and podcaster is Dave Ramsey. What does Eric have to say about Dave’s advice? Does he agree or disagree with the baby step program? Find out on today’s episode of the Retirement Ready podcast.   Read more and get additional financial resources here: https://petersonfg.com/should-you-follow-dave-ramseys-financial-advice/     What we discuss on this episode:  1:4...

When it comes to retirement planning, some of the same concepts found in these fun quotes from Calvin and Hobbes can apply. What sort of financial wisdom can you glean from a boy and his tiger? Eric shares how these quotes can coincide with what he teaches clients every day.   Read more and get additional financial resources here: http://petersonfg.com/financial-wisdom-from-calvin-and-hobbes/    ...

When it comes to weighing out the decision between working with a financial advisor and doing it yourself, what are common reasons why people consider DIY? Are these reasons valid or should you always work with a financial advisor?   Read more and get additional financial resources here: http://petersonfg.com/can-you-diy-financial-planning/     What we discuss on this episode:  1:13 - What would y...

Do you know the difference between large cap and small cap funds? What are basis points? This episode will discuss various financial jargon to help translate what these really mean.   Read more and get additional financial resources here: http://petersonfg.com/translating-financial-jargon/     What we discuss on this episode:  0:47 - Sometimes financial jargon comes up. 1:30 - What is asset alloca...

What’s the best way to not run out of money in retirement? What are most people worried about when retirement planning? Eric fills in these blanks in today’s episode.   Read more and get additional financial resources here: http://petersonfg.com/financial-fill-in-the-blank/     What we discuss on this episode:  0:48 - The best way to not run out of money is to____. 2:40 - The stock market has the...

President Biden has made a number of executive orders in his time in office. What do they have to do with your financial plans? How might they affect you economically ?    Read more and get additional financial resources here: http://petersonfg.com/what-to-know-about-bidens-initial-executive-orders/      What we discuss on this episode:  0:47 - Biden has made several new executive orders. How will...

From managing your income as a contract employee to managing your income in retirement, Eric answers three questions from the mailbag in today’s episode of the podcast.   Read more and get additional financial resources here: http://petersonfg.com/mailbag-retirement-planning-with-separate-bank-accounts/     What we discuss on this episode:  0:47 - Mailbag: Should I switch to work as an independent...