Retirement Ready

What Goes Into a Customized Financial Plan?

Why should you have a customized financial plan? What do you need to consider and what goals help you build an outline for your plan? Join us as we talk about what goes into the process of setting someone up for a secure future.
 
Read more and get additional financial resources here: http://petersonfg.com/what-goes-into-a-customized-financial-plan/ 
 
What we discuss on this show: 
1:20 - What is the planned retirement age?
3:47 - What is your lifestyle and income needs?
5:21 - What is your risk tolerance?
7:21 - Does health history factor in?
9:22 - Will you leave a legacy?

Things That Don’t Matter…Until They Do

Certain financial documents might seem like they can be put off for now. But when you need them, it’s important to be prepared ahead of time! Do you have all of these things in place?
 
Read more and get additional financial resources here: http://petersonfg.com/things-that-dont-matteruntil-they-do/ 
 
What we discuss on this show: 
0:47 - Let’s play a game!
2:01 - Do you have legal documents prepared?
5:06 - Have you thought about long-term care protection?
7:22 - What can life insurance do for you?
9:03 - What sort of lifetime income streams do you have?

Uncommon Sense in Financial Planning

When common sense isn’t followed, what does that look like? What common sense should we adhere to when it comes to financial planning?
 
Read more and get additional financial resources here: http://petersonfg.com/uncommon-sense-in-financial-planning/ 
 
What we discuss on the show: 
1:06 - Buy low, sell high. 
3:13 - Don’t pay more in taxes than you have to.
5:16 - Keep costs low.
7:33 - Diversify your assets.

Visiting the Financial Doctor

We’ve all been to the doctor at some point, so how is it like working with a financial advisor? We compare the similarities on today’s podcast!
 
Read more and get additional financial resources here: http://petersonfg.com/visiting-the-financial-doctor/ 
 
What we discuss on this show: 
0:50 - What lessons can you learn from a visit to the doctor?
1:04 - It’s important to get a checkup, especially as you’re aging.
2:44 - Are you trying to deal with it yourself or getting a prescription for help?
5:20 - Different doctors have different specialties. 
7:42 - Make sure you have the right fit for you.

Mailbag: Should I Withdraw from an Old Annuity?

When is a good time to withdraw from an annuity and what should you know ahead of time? Eric answers this and two other questions from the mailbag in this week’s podcast.
 
Read more and get additional financial resources here: http://petersonfg.com/mailbag-should-i-withdraw-from-an-old-annuity/ 
 
What we discuss on this show: 
0:50 - Mailbag: Should I withdraw from an old annuity?
4:02 - Mailbag: Should I pay off a student loan that has no interest or payments due?   
6:04 - Mailbag: What will be taxable after being furloughed and on unemployment?

Heard It Through The Grapevine?

From million-dollar retirement benchmarks to presidential election fears or predictions, have you heard these through the grapevine? Eric shares what he thinks about these three financial rumors.
 
Read more and get additional financial resources here: http://petersonfg.com/heard-it-through-the-grapevine/ 
 
What we discuss on this show: 
1:47 - Well I heard…you have to have at least $1 million to retire.
2:34 - What happened when one client aimed for $1 million?
4:08 - Well I heard…you should start Social Security as early as you can.
6:26 - Well I heard…the market will tank if Trump loses.

Is This Retirement Fact or Fiction?

Ever hear something and think, could that be true? Some of these financial concepts are fact and some are fiction--do you know which is which?
 
Read more and get additional financial resources here: http://petersonfg.com/is-this-retirement-fact-or-fiction/ 
 
What we discuss on this episode:
1:04 - Fact or Fiction: Social Security is taxable. 
3:18 - Fact or Fiction: Your taxes will likely be lower in retirement.
5:24 - Fact or Fiction: Term life insurance is better than whole life insurance.
7:37 - Fact or Fiction: Medicare will cover most of your medical needs in retirement.
9:30 - Fact or Fiction: As we get older, we should shift from stocks to bonds.

Are You Flirting with Financial Disaster?

You might feel great about where you stand financially but there’s a chance you could be flirting with disaster. We’ll tell you about three key areas where people make mistakes in their planning that can end up causing major financial problems in retirement.
 
Read more and get additional financial resources here: http://petersonfg.com/are-you-flirting-with-financial-disaster/ 
 
On today's show: 
0:58 - Out of date legal documents
2:43 - An article showing the importance of updating documents. 
4:06 - If you’re not thinking about long-term tax planning
7:21 - No plan for long-term care expenses.

How To Pack Your Financial Suitcase

When you go on a trip, a lot of times it helps to refer to a packing list to make sure you have everything. When putting together a financial plan, do you have everything in order? Let’s talk about what you need to put into your financial suitcase.
 
Read more and get additional financial resources here: http://petersonfg.com/how-to-pack-your-financial-suitcase/ 
 
On today's show: 
0:46 - Where can Americans travel right now?
3:22 - How can we be sure we’ve packed efficiently? 
5:02 - How do you deal with “lost luggage” in the financial world?
7:56 - How do you protect your assets?   

What Is Your Retirement Mindset?

When it comes to retirement, where are you at? If you’re getting closer to retirement, it may help to understand your current mindset in order to know how best to proceed.
 
Read more and get additional resources here: http://petersonfg.com/what-is-your-retirement-mindset/ 
 
On today's show: 
0:54 - How would you describe your mindset?
1:28 - Do you feel like retiring now but not sure if you’re ready?
3:22 - Do you wonder how much you need to save before retirement?
5:10 - Are you waiting until you hit $1 million before retirement?
7:15 - Do you think retirement sounds boring?