Retirement Ready

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?  
 

Retirement Income Planning Essentials

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 will you be able to work in retirement?
4:00 - When should you turn on Social Security?
7:22 - Don’t forget inflation!

Easy Financial Improvements To Make

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 have an old life insurance policy?
6:15 - Have you left behind a 401(k)?
7:39 - Are your managed accounts being well managed?

Empty Nest Syndrome

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/
 
Key Points: 
1:24 - What do you do about college expenses?
3:10 - How can you teach kids about retirement savings?
5:39 - What opportunities do you have now? 
6:44 - How do you ease off expenses?
8:55 - Should you downsize?