Retirement Ready

Common 401(k) FAQs

What are some of the most frequently asked questions when it comes to a 401(k)? There can be a lot to a 401(k) so we’ll help you plan correctly.
 
Read and learn more: https://petersonfg.com/common-401k-faqs/
 
What we discuss:
1:11 - Company plan offers advice for a low fee, should I take it?
4:04 - Do I put as much as I can in or just up to the match?
6:03 - Should I use target-date funds?
7:16 - Is a 401(k) loan a bad idea?

How Do You Pick A Financial Advisor?

Maybe you know you want to work with a financial advisor but don’t know how to determine which one is best for you. Where do you start? What should you look for?
 
Read and learn more: https://petersonfg.com/how-do-you-pick-a-financial-advisor/
 
What we discuss:
0:47 - How do you know when picking an advisor if it’s the right fit?
3:31 - Big name is not always better.
5:52 - Ask for clarification.
7:51 - It’s not just about the financial income.

Finding the Silver Linings

If you have a financial setback, how can you find the upside in the situation? We talk through four major financial upsets that could actually be an opportunity in disguise.
 
Read and learn more: https://petersonfg.com/finding-the-silver-linings/
 
What we discuss:
0:46 - What’s the silver lining in a market downturn?
2:47 - What’s the bright side of capital gains?
5:01 - What are the pros and cons of a savings account?
6:36 - How do you find a silver lining in job loss?

Delayed Gratification in Retirement Planning

What financial rewards are worth waiting for? We talk through three sets of options to determine whether delayed or instant gratification is better in retirement. 
 
Read and learn more: https://petersonfg.com/delayed-gratification-in-retirement-planning-2/
 
What we discuss:
1:12 - Relief with the household budget vs. the getting 401(k) match. 
3:30 - Tax deduction now vs. better tax planning for the future.
7:41 - Take Social Security at 62 or delay it?

Two Truths and A Lie

What kind of lies do you need to watch out for when it comes to your finances? Eric shares the truth you need to know in these five financial situations. 
 
Read and learn more: https://petersonfg.com/two-truths-and-a-lie/
 
What we discuss:
1:23 - Which beats out inflation?
2:37 - Who does rising interest rates hurt?
3:55 - Emergency funds should be what?
5:35 - Market crashes are most problematic when?
8:03 - Social Security could change how?

Retirement Reality Checks

Are your expectations of retirement realistic? We talk through four things to keep in mind when you dream about your retirement future.
 
Read and learn more: https://petersonfg.com/retirement-reality-checks/
 
What we discuss:
0:46 - How can we manage expectations?
4:16 - Account for a change in expenses.
8:01 - You need to be flexible.
8:56 - Ask for help.

Financial Lies We Tell Ourselves

Think you’ve figured out the secret to beating the system when it comes to your finances? What financial lies might you be telling to yourself and how can you overcome them?
 
Read and learn more: https://petersonfg.com/financial-lies-we-tell-ourselves/
 
What we discuss:
1:00 - How often do people borrow money from their 401(k)?
2:42 - The stock market seems rigged.
5:04 - Isn’t the bank the safest place?
7:05 - Maybe I’ll get more serious about investing next year.
9:44 - We’ll take care of each other when we’re older.   

Unlikely Financial Wisdom

Sometimes wisdom comes from the most unlikely places. Today we take celebrity advice and apply it to our own financial lives for a new take on how to approach your financial plan.
 
Read and learn more: https://petersonfg.com/unlikely-financial-wisdom/
 
What we discuss:
1:21 - “I’m my own worst enemy.”
4:43 - “Anybody you put on TV for five hours a week is inevitably going to say something stupid at some time.”
7:03 - “Everybody has got a plan until they get punched in the mouth.”
 

Reasons to NOT Work With a Financial Advisor

Are there any good reasons to skip out on working with a financial advisor? We talk through some funny ones on today’s show.
 
Read more and get additional financial information: https://petersonfg.com/reasons-to-not-work-with-a-financial-advisor/
 
What we discuss on today's episode: 
1:03 - You’ve already mastered the internet.
3:36 - You like to DIY.
5:25 - Maybe you want to work until you die.
6:56 - You want to rely on the government for support.
9:32 - You hope your kids get nothing.
 

Mailbag: Rental Properties, Advisor Reviews, and More

We are opening up the mailbag today to answer some listener questions. We will be discussing rental properties, taxes on sold businesses, and changing advisors based on investment performances. 
 
Read more and get additional financial information: https://petersonfg.com/mailbag-rental-properties-advisor-reviews-and-more/
 
What we discuss on today's episode: 
0:46 - Should I pay off my mortgage before buying a rental property?
4:21 - What are the tax implications on selling a business building?
8:03 - Should I reevaluate my advisor based on portfolio performance?