Retirement Ready

What 400+ Advisors Say Really Keeps Retirees Up at Night

​What are Americans really concerned about when it comes to retirement? In this episode, we unpack the results of an insightful survey from Financial Advisor Magazine, which was completed by over 400 financial advisors. We’ll also compare these answers with the real-world concerns we hear every day from the clients in our own practice.
 
Here’s some of what we discuss in this episode:
 💸 Outliving Your Money – Still the #1 concern for retirees
📈 Wealth Building vs. Income Planning
📉 Market Risk in Retirement
🏥 Healthcare Costs – A hidden challenge for early retirees
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Bracket Busters and Stock Flops: The Risky Game of Picking Winners

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted.
Many investors can’t resist chasing big wins, even though diversification is a smarter play. One economist, Hendrik Bessembinder, analyzed the returns of nearly a century of stock performance. Let’s compare what he found to March Madness history and uncover what March Madness can teach us about investing!
Here’s some of what we discuss in this episode:
🏆A perfect bracket has never happened
📉 The odds of sustainable success are slim
🏀The most familiar choice doesn’t mean victory
📊The importance of diversification in investments
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Are Hidden Fees Draining Your Retirement Savings?

Many investors focus on market performance but overlook one of the biggest threats to their long-term wealth: hidden fees. These costs—often buried within mutual funds, annuities, and trading expenses—can quietly erode your retirement savings over time. In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.
Here’s some of what we discuss:
💰 Mutual Fund Costs – Expense ratios are just the beginning. Learn how trading fees and taxes could be taking an extra 2.5% from your returns.
🏇 The Heavy Jockey Effect – Variable annuities may seem safe, but their high fees can weigh down your investments like a jockey too heavy for his horse.
📉 Market Downturns & Hidden Costs – How volatile markets can amplify the impact of these fees on your portfolio.
🛡️ Smart Strategies – Discover how tax-protected accounts like IRAs and 401(k)s can help mitigate unnecessary expenses.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

What Game Night Can Teach Us About Financial Planning

What do Monopoly, Trivial Pursuit, Candy Land, and Risk have in common with retirement planning? More than you might think! In this episode, Eric breaks down the surprising financial lessons hidden in classic board games, offering valuable insights to help you navigate your retirement strategy.
From the asset management lessons of Monopoly to the strategic thinking required in Risk, these games mirror real-life financial decisions. Just as in Trivial Pursuit, where players must collect wedges in different categories, a well-rounded retirement plan requires knowledge of investments, Social Security, Medicare, and tax strategies. And if you’re relying on luck—like in Candy Land—rather than a solid financial plan, you might be in for a rude awakening.
Eric also explores how risk management and retirement readiness reviews can give you a clearer financial picture, helping you avoid costly missteps.
Here’s some of what we discuss in this episode:
🎩 Monopoly & Money Management – Avoid financial ruin by understanding asset allocation and risk.
🧠 Trivial Pursuit & Retirement Strategy – Build a well-rounded plan with investments, Social Security, and Medicare.
🎲 Candy Land & Investing Mindset – Luck won’t cut it—why strategic planning beats wishful thinking.
⚔️ Risk & Financial Defense – Balance offense and defense in your investment approach.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Mailbag – Upsizing, Financial Advisors & Business Owner Planning

Join us as we answer questions about the challenges of downsizing, the emotional aspects of planning for family gatherings, and the realities of transitioning into a financial advisory career. Whether you're a grandparent considering a new home or a professional seeking a career change, this episode will hopefully cover something that might impact your retirement.
Here’s some of what we discuss in this episode:
Is upsizing in retirement to accommodate family gatherings a crazy idea?
What advice would Eric give to someone thinking about becoming a financial advisor?
What should business owners focus on if they haven’t been saving in a 401k or retirement account?
Get in touch with the Peterson Financial team: https://petersonfg.com/

Planning for Unique Situations in Retirement

On this episode, Eric dives into the complexities of crafting a personalized retirement strategy. While many face the same general retirement concerns, each individual’s situation is unique, requiring tailored solutions.
We’ll explore real-life scenarios like age gaps and separate finances, highlighting the specific challenges people encounter when planning for the future.
Here’s some of what we discuss in this episode:
What changes with planning when you and your spouse have an age gap?
The things you have to plan for if you want to retire early.
How we help couples who keep their finances separate.
Rebounding from divorce and building your finances back up for retirement.
Get in touch with the Peterson Financial team: https://petersonfg.com/

Planning for Kids, Grandkids, & Your Future

Anyone with children knows that they will have a huge impact on your money, and retirement planning is no different. There are family dynamics that impact decisions you’ll need to make during the planning process.
As many nearing retirement age are discovering, adult children and grandchildren can significantly influence financial strategies, making it crucial to understand how to navigate these relationships effectively.
Here’s some of what we discuss in this episode:
When should you make sure your kids are no longer ‘on the payroll’?
Making the decision to prioritize retirement versus helping your children with college funding.
The best ways for grandparents to help with their grandchildren’s education costs.
Is it okay to count on your children to help take care of you as you age?
Get in touch with the Peterson Financial team: https://petersonfg.com/

Financial Planning Conversations for Couples

Financial advisors wear a lot of hats, but one role you probably didn’t expect us to play is a counselor or therapist. That happens more than you would imagine because we help couples communicate about money and have conversations that they might not normally have at home.
This episode is focused specifically on the planning we do with couples with insights on how we help them navigate tricky conversations about money and retirement.
Here’s some of what we discuss in this episode:
The things that married couples tend to disagree about most when it comes to money.
What financial matters do couples do a poor job communicating about?
Why you want to have conversations about how you want to spend your time in retirement.  
What should you discuss as a couple before meeting with a financial advisor?
Get in touch with the Peterson Financial team: https://petersonfg.com/

Is Your Retirement Based on Wishful Thinking?

Retirement is often viewed as a golden era of relaxation and enjoyment, but it can also be riddled with misconceptions that can lead to financial pitfalls. Many people fall into the trap of wishful thinking when it comes to what they expect will happen in retirement, but a successful retirement isn’t built on hope and assumptions. In this episode, Eric sheds light on these common myths and offers practical strategies for effective retirement planning.
Here’s some of what we discuss in this episode:
Can retirees live off the interest generated by their investments in retirement?
Many people think they’ll be in a lower tax bracket in retirement but is that reality?
Once you stop working, many expenses will no longer be necessary, but does that mean you’ll end up spending less overall in retirement?
People are often shocked at the cost of healthcare when it comes out of their own pocket.  
Get in touch with the Peterson Financial team: https://petersonfg.com/

Spending With Confidence in Retirement

Retirement is a time for relaxation, exploration, and enjoying the fruits of years of hard work. However, for many, the transition from saving to spending can be a daunting challenge. It’s a common dilemma that we’ll discuss in this episode while offering up insightful strategies to help retirees spend with confidence.
Here’s some of what we discuss in this episode:
Shifting from the saving mindset of your working life to the spending mindset of retirement.
How proper planning can build up confidence for retirement.
The accumulation vs. distribution phases.
Not being overly confident.
Get in touch with the Peterson Financial team: https://petersonfg.com/