Retirement Ready

Translating Financial Jargon

Do you know the difference between large cap and small cap funds? What are basis points? This episode will discuss various financial jargon to help translate what these really mean.
 
Read more and get additional financial resources here: http://petersonfg.com/translating-financial-jargon/ 
 
What we discuss on this episode: 
0:47 - Sometimes financial jargon comes up.
1:30 - What is asset allocation?
2:55 - What is your risk tolerance?
5:47 - What are basis points?
6:26 - What’s small cap, mid cap, and large cap?
7:22 - What are qualified accounts?

Financial Fill in the Blank

What’s the best way to not run out of money in retirement? What are most people worried about when retirement planning? Eric fills in these blanks in today’s episode.
 
Read more and get additional financial resources here: http://petersonfg.com/financial-fill-in-the-blank/ 
 
What we discuss on this episode: 
0:48 - The best way to not run out of money is to____.
2:40 - The stock market has the ability to____.
4:13 - Run the other way if your advisor tells you to____.
6:26 - When someone comes to visit for the first time, they’re most likely worried about ____.
7:50 - The most common mistake retirees and pre-retirees make is ____.

What to Know About Biden’s Initial Executive Orders

President Biden has made a number of executive orders in his time in office. What do they have to do with your financial plans? How might they affect you economically? 
 
Read more and get additional financial resources here: http://petersonfg.com/what-to-know-about-bidens-initial-executive-orders/  
 
What we discuss on this episode: 
0:47 - Biden has made several new executive orders. How will these impact us?
1:16 - Moratoriums extended on evictions, foreclosures, and federally guaranteed mortgages.
2:58 - Student loan interest payments on pause.
3:50 - The Keystone pipeline permit was revoked.
7:21 - Regulations are being reinstated.
8:44 - Minimum wage could be raised.

Mailbag: Retirement Planning With Separate Bank Accounts

From managing your income as a contract employee to managing your income in retirement, Eric answers three questions from the mailbag in today’s episode of the podcast.
 
Read more and get additional financial resources here: http://petersonfg.com/mailbag-retirement-planning-with-separate-bank-accounts/ 
 
What we discuss on this episode: 
0:47 - Mailbag: Should I switch to work as an independent contractor?
3:44 - Mailbag: Can we have separate bank accounts but still plan for retirement together?
5:33 - Does having separate accounts make it harder to plan for retirement? 
6:35 - Mailbag: How can I lessen my tax burden in retirement?

Estate & Legacy Planning FAQs

Have you recently inherited assets or one day expect to? How can you prepare your estate in a way that makes it easy for your heirs later on? We’ll look at all sides of legacy planning on this episode.
 
Show notes and additional financial resources here: http://petersonfg.com/estate-legacy-planning-faqs/ 
 
What we discuss on this episode: 
0:46 - Mailbag: Should my parents sign over their house to me before they die?
4:05 - Mailbag: Is an inherited taxable account considered capital gains?
5:40 - Mailbag: How do I change a beneficiary designation for an ex-spouse to me?
8:35 - Mailbag: Is it okay to have two separate financial advisors?

What Does Mark Twain Have to Say About Your Financial Plan?

What financial wisdom can we glean from the sayings of Mark Twain? Believe it or not, many of these quotes are quite relevant today.
 
Read more and get additional financial resources here: http://petersonfg.com/what-does-mark-twain-have-to-say-about-your-financial-plan/ 
 
What we discuss on this episode:
1:25 - “Apparently there is nothing that cannot happen today.”
5:02 - “The lack of money is the root of all evil.”
6:58 - “October is one of the particularly dangerous months for speculating on stocks…”
8:47 - “The secret to getting ahead is getting started.”

New Year, New Ideas to Consider

We’ve made it into the new year and time will tell if 2021 is a big improvement over 2020. What are some things to keep in mind as we transition into the year? What changes could impact you? On today’s episode of the Retirement Ready podcast we discuss a variety of new things--from how we celebrated the holidays to new SEC rules to dealing with an unexpected early retirement. 
 
Read more and get additional financial resources here: http://petersonfg.com/new-year-new-ideas-to-consider/ 
 
What we discuss on this episode: 
0:47 - What were the holidays like for Eric?
3:13 - SEC rules are changing to allow people to use testimonials.
6:14 - You never know when things will happen or you might lose your job.
8:17 - When does Medicare kick in during retirement?
9:11 - What’s your new year’s resolution? 

Mailbag: Should I Use My Severance Package to Pay Off the House?

Whether you want to learn more about using your HSA or trying to make strategic use of your severance package, Eric answers three questions from the mailbag. Do any of these questions relate to your situation?
 
Read more and get additional financial resources here: http://petersonfg.com/mailbag-should-i-use-my-severance-package-to-pay-off-the-house/ 
 
What we discuss on this show:
0:49 - Mailbag: If I max out my HSA, will that mean a huge balance in retirement?
3:28 - Mailbag: If forced into early retirement, should I use my severance package to pay off the house?
7:02 - Mailbag: Should I give my son a $5,000 gift or make it a loan?

Things Your Advisor Should Be Doing

What kind of decisions are you making alongside your financial advisor? How do you know if they are doing everything you need when it comes to creating and implementing a retirement plan? Eric talks through what you deserve from a financial advisor and how his team works with clients to meet their needs.
 
Read more and get additional resources here: http://petersonfg.com/things-your-advisor-should-be-doing/ 
 
What we discuss on this show: 
1:22 - A lot of places don’t factor in tax planning. 
4:13 - We assume advisors evaluate fees on our investments. Are they?
6:23 - Is your advisor planning retirement income? 
8:52 - Are you clarifying goals together? 

The Three Worlds of Money

Do you know the three worlds of money? Where does the bulk of your money live? Is your money appropriately balanced across all three worlds? We’ll break it all down on this episode.
 
Read more and get additional financial resources here: http://petersonfg.com/the-three-worlds-of-money/ 
 
What we discuss on this show: 
1:05 - What are the three worlds of money?
2:14 - The banking world offers liquidity.
5:03 - The insurance world offers life insurance and annuities.
8:40 - The Wall Street world holds investments.