Retirement Ready

Healthcare in Retirement

One major (yet often overlooked!) expense in retirement is healthcare. Especially if you are retiring early, healthcare can be a huge expense as you bridge the gap between your working years and when eligible for Medicare. Not only will you have an increased monthly cost, but you may need to budget for additional medical costs as time goes on or even long-term care needs.
In today’s episode, Eric will give us an inside look at the healthcare-related items you need to think about as you approach your retirement years.
 
Here’s some of what we discuss in this episode:
How Medicare fits in your retirement plan.
What happens if you retire early?
Dealing with unexpected medical expenses.
Planning for long-term care needs.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Family Matters When It Comes to Finances

Your money and your nest egg have a direct effect on so much of your life, especially those you hold dear. Today we talk about what happens in a family, particularly when someone has passed away, and the financial impact that can have. Losing a spouse is an emotionally devastating experience, and amidst the grief, the financial implications can add another layer of stress.
 
Here’s some of what we discuss in this episode:
Overcoming the most significant financial challenge after the loss of a spouse.
Understanding the tax implications.
Why estate planning is so vital.
What a balanced financial strategy looks like.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Water Wheels and Retirement Planning

Have you ever wondered how a water wheel can relate to your retirement planning? It might seem like an odd comparison, but in today’s podcast, Eric breaks down this fascinating analogy and its significance in maintaining a stable financial future.
 
Here’s some of what we discuss in this episode:
The driving force behind your lifestyle in retirement.
Diversifying income streams.
How personal pensions could help.
Managing your finances with vigilance.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Most Common Retirement Planning Mistakes

We all make mistakes from time to time. But what if your financial mistakes could be avoided with just a little insight? Eric shares some of the most common retirement planning mistakes people are prone to make and what you can do to save yourself from heartache.
 
Here’s some of what we discuss in this episode:
Understanding tax implications.
Timing your Social Security benefits wisely.
Focusing on income instead of returns.
Balancing aggressiveness and conservative investing.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Common Complaints About Financial Planning

When it comes to planning for retirement, the relationship you have with your financial advisor is crucial. Many people express common complaints about their financial advisors, from taking on too much risk to paying high fees or a lack of communication. In today’s podcast, Eric sheds light on these concerns and offers valuable insights to help you navigate your financial journey.
 
Here’s some of what we discuss in this episode:
Assessing risk in investments.
Understanding the value for your fees.
Evaluating investment performance.
The importance of holistic financial planning.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Navigating Spousal Disagreements in Retirement Planning

Inside a marriage, retirement planning is a journey that ideally involves both partners working together towards a common goal. However, as with any significant life decision, disagreements can arise. Eric sheds light on some of the most common spousal disagreements regarding retirement and offers practical advice on how to navigate them.
 
Here’s some of what we discuss in this episode:
Determining the risk tolerance level.
Deciding what age to retire.
How much to allot toward legacy planning.
Considering when to downsize.
Finding a retirement lifestyle that makes everyone happy.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Financial Wisdom from Ernest Hemingway

According to Ernest Hemingway, "In order to write about life, you must first live it." Eric shares how his years working as a financial advisor have given him the experience to guide others through various market conditions and make a financial plan that is possible to follow. It's not just about understanding the products and tools; it's about knowing how people react to different financial stimuli and steering them accordingly.
Tune in to the conversation as we unpack more Ernest Hemingway quotes just like this and see how they relate to financial planning!
 
Here’s some of what we discuss in this episode:
The value of years in the financial services industry for understanding market conditions and reactions
Guiding and counseling clients through various financial situations
The importance of cautious investing approaching retirement
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Knowing Where You Stand in Retirement

Saving for retirement is not like it used to be. For too many, it’s a mystery whether or not they have what they need to retire comfortably. To best prepare for retirement, it’s important to know where you stand. Do you have an understanding of what your goals and financial needs are?
 
Here’s some of what we discuss in this episode:
How retirement has changed from previous generations.
The key question to ask yourself.
Understanding your income needs.
Stress-testing your plan.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

The Different Investor Personality Types

When it comes to financial planning, understanding your investor personality type can significantly impact your retirement plan. From one of the most common investor types to the mismatched couple, Eric shares the different investors he has encountered and how to plan accordingly.
Hear how to ensure a successful retirement, no matter what your personality type. Which of these investor personalities sounds most like you? Find out in this episode.
 
Here’s some of what we discuss in this episode:
The victim personality.
The over-analyzer.
The DIY-er.
The odd couple.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Bad Financial Habits

Are your financial habits setting you up for a secure retirement or are they leading you down a path of uncertainty and uneasiness? Eric shares about the consequences of bad financial habits and what you can do to cultivate better ones. Instead of burying your head in the sand or overemphasizing the wrong things, take some time to recalibrate and get your financial life in the right direction.
 
Here’s some of what we discuss in this episode:
Ignoring your account statements.
Understanding volatility.
Being addicted to the stock market.
Overcoming procrastination.
The best time to start.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/