Retirement Ready

Financial Planning and Gun Safety

What safety measures do you use when you own a gun? Are you implementing similar tactics with your financial plan?
 
Read more and get additional financial resources here: http://petersonfg.com/financial-planning-and-gun-safety/ 
 
What we discuss on this show: 
1:15 - How does gun safety relate to financial planning?
2:03 - Why take unnecessary risk? 
4:00 - Keep your ammunition separate from your guns.
5:48 - Understanding education vs. entertainment.
9:20 - Use a safe.

Mailbag: Do I Really Need All of These Life Insurance Policies?

Do you need as much life insurance as you have? Or should you factor in eventual inheritance money when deciding when to retire? Eric answers three questions from the mailbag in this week’s podcast.
 
Read more and get additional financial resources here: http://petersonfg.com/mailbag-do-i-really-need-all-of-these-life-insurance-policies/ 
 
What we discuss on this show: 
0:46 - Mailbag: Can I retire early and count on inheritance money coming later?
3:59 - Mailbag: Do I need this much life insurance?
6:56 - Mailbag: Should I pull from savings before Social Security in retirement?     

Facing the Villains in the Financial World

Do you have a favorite movie villain? We talk about three classic roles and explain how they compare to the villains you may encounter in the financial world.
 
Read more and get additional financial resources here: http://petersonfg.com/facing-the-villains-in-the-financial-world/ 
 
What we discuss on this show:
1:37 - What is the Darth Vader in the financial world?
4:14 - The Wicked Witch of the West will do whatever she can to get the ruby slippers.
6:52 - Ivan Drago from Rocky IV was almost robotic in his approach.

Financial Planning Lessons From Winston Churchill

How can the words of Winston Churchill help you in your financial life? We apply some of his quotes to your financial decisions in today’s podcast.
 
Read more and get additional financial resources here: http://petersonfg.com/financial-planning-lessons-from-winston-churchill/ 
 
What we discuss on the show: 
1:14 - “We shape our dwellings and afterwards our dwellings shape us.”
2:57 - “We must be aware of needless innovations…”
5:12 - “The problems of victory are more agreeable than those of defeat…”
7:08 - “The farther backward you can look, the farther forward you can see.”

Why Eric Loves Working as a Financial Advisor

Why does Eric do what he does? What’s his history and what are his passions? Find out on today’s episode of the podcast.
 
Read more and get additional financial resources here: http://petersonfg.com/why-eric-loves-working-as-a-financial-advisor/ 
 
What we discuss on this show:
0:46 - Why does Eric do what he does?
1:19 - Who and what has shaped Eric’s view on wealth?
5:52 - What was the transition from insurance to financial planning like?
7:52 - What would Eric change about the industry?

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?