Retirement Ready

What do you need to know about retirement income? From Social Security to planning for inflation, Eric breaks down the basics of what you need to know and how to make a plan that fits your future.   Read more and get additional financial information: https://petersonfg.com/retirement-income-planning-essentials/   Key Points:  0:47 - Should we plan to retire for years or decades? 2:04 - How long wi...

We all want to get to the easy improvements, especially ones that can make a big impact. On today’s show, we talk about easy financial changes you can make to improve your situation. Have you done any of these already?   Read more and get additional financial information: https://petersonfg.com/easy-financial-improvements-to-make/   Key Points:  1:01 - What should you do with cash? 4:22 - Do you h...

As your children go off to college, trade school, or work and leave your home, what do you need to know about empty nest syndrome? What are some major financial issues you might face in this time of life?  Today, we discuss the kind of financial decisions you may make in this next stage of life.     Read more and get additional financial information: https://petersonfg.com/empty-nest-syndrome/   K...

We quiz Eric with a few multiple-choice questions all about retirement. Which one will he choose? Do you agree?    Read more and get more financial information at: https://petersonfg.com/is-that-your-final-answer-retirement-quiz/   Key Points:  0:46 - Let’s play a multiple-choice game! 1:02 - What scares the average person the most about retirement? 2:26 - What scares Eric about the coming years?...

Instead of getting stuck in a rut after a financial mistake, it’s important to move forward in the right direction. So, what can you do to recover? Find out on today’s show.   Read more and get additional financial resources here: https://petersonfg.com/moving-on-from-financial-mistakes/     What we discuss on this episode:  1:27 - Start by determining the cause. 3:11 - Increase the savings rate....

Are you feeling frustrated when it comes to your financial planning? If so, these three common financial complaints might make you feel like you aren’t alone, but also give you hope for a better scenario.   Read more and get additional financial resources here: https://petersonfg.com/what-to-do-about-common-financial-complaints/     What we discuss on this episode: 1:45 - “My advisor takes too muc...

What do couples tend to argue about when it comes to their money in retirement? Eric talks through what you need to do to get on the same page.   Read more and get additional financial resources here: https://petersonfg.com/navigating-retirement-disagreements-between-spouses/     What we discuss on this episode:  1:08 - How much risk should you have in your portfolio? 3:06 - What age makes sense t...

Do you have a strategy in place to avoid these retirement planning mistakes? Eric talks through what to do instead to make sure your plan is a success.   Read more and get additional financial resources here: https://petersonfg.com/5-most-common-retirement-planning-mistakes/     What we discuss on this episode:  1:01 - What are the top five retirement planning mistakes? 1:09 - Ignoring the future...

In those final years before retirement, what should you be considering and doing now? We tackle a list of things you should do in the years before retirement.   Read more and get additional financial resources here: https://petersonfg.com/the-retirement-countdown/     What we discuss on this episode:  0:46 - Ready for the final countdown toward retirement? 1:20 - When should we try to be debt-free...

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 -...