Retirement Ready

Building a Plan for the Long Haul

What do you need to get you through the long haul of life? Eric talks us through what this looks like in your financial plan and how to build it with an eye on a distant horizon.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:47 - What are the biggest downsides to a longer life expectancy?
3:33 - How can you be prepared?
4:26 - How do you insure against risk?

What Do You Need to Know About Today’s Inflation?

Everywhere you turn there’s a headline about inflation but what do you need to know about what’s going on? Eric weighs in on the recent numbers and what you can do about it.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:46 - What is happening with inflation?
3:00 - Gas is at the top of the list.
5:32 - Used cars are up 36 percent.
6:46 - What is happening with the market?
7:59 - How do you combat inflation?

Mailbag: Should I Save Elsewhere Besides My 401(k)?

What kind of savings do you really need for retirement? Are you working with the right advisor to get you there? Eric answers three questions from listeners on today's show. 
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:47 - Mailbag: If I can’t save 15 percent for retirement will I be okay?
4:45 - Mailbag: Is it bad if my financial advisor is older than me?
7:48 - Mailbag: Should I save elsewhere besides my 401(k)?

Playing the Retirement Game Show

Come on down! We talk about our favorite TV game shows and how it relates to our financial plan (and when it should look different).
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:47 - Do you have a favorite TV game show?
2:08 - The Price is Right…with your stocks?
4:54 - Are You Smarter Than a 5th Grader?
7:10 - Who Wants to be a Millionaire? (Doesn’t everyone?)

Tax Season

What do you need to know when it comes to tax planning? Eric outlines the ways a tax strategy can make a big difference in your retirement plan.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:47 - Thinking about taxes?
5:57 - Will taxes be lower in retirement?
8:12 - How can you be strategic about your taxes?

Asking the Wrong Questions

How do you get the answers you need? A lot of it comes down to asking the right questions. We talk through some of the wrong questions people often ask and what you should be asking instead. 
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:46 - How much money do I need saved for retirement?
2:25 - Should I get long-term care insurance?
3:51 - How can you get the highest possible return rate?
7:07 - Where can I pay the lowest fees?
9:21 - How can I pay less in taxes this year?

Mailbag: Should I Combine My Old 401(k) Accounts?

What should you do about 401(k) accounts from old jobs? How can you find out what your Social Security benefits would be? Eric answers these questions on today’s show.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:46 - What should I do about my investments taking a hit so close to retirement?
4:07 - How can I find out about my Social Security benefits?  
8:31 - Should I combine my previous 401(k) accounts?

Understanding Financial Feelings

How you feel about things has a big impact on your financial decisions. We talk through several areas where understanding your feelings can help you determine what’s best for your financial plan.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
 
What we discuss in this episode: 
0:46 - We all feel strongly about money.
3:00 - How do you feel about where you live?
5:09 - Do you want to leave a financial legacy?
7:18 - Do you feel like getting rid of debt?

Mailbag: Is It Common to Worry About Running Out of Money?

Do people usually fret about running out of money? Are there ways to set aside retirement money for your adult children? Eric answers these questions and more on today’s show.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
What we discuss in this episode: 
0:46 - Can I help my adult son save for retirement?
4:04 - Is it common to worry about running out of money?
6:37 - Was your advisor in business during our last market downturn?
10:55 - Any benefit to retiring at 67 instead of 65?

Are You Aware of Hidden Expenses?

What kind of costs are you paying that you might not even realize? Eric identifies some hidden fees to look out for when planning for retirement.
 
Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 
What we discuss in this episode: 
1:47 - Mutual funds often have hidden fees.
4:42 - What are variable annuity fees like?
7:42 - Inflation is typically overlooked. 
9:18 - Taxes impact your overall net income.