Retirement Ready

Financial Lies We Tell Ourselves

We all tell ourselves little white lies from time to time. But when it comes to our finances, these "little lies" can have se-rious consequences.
In this episode, we explore some of the most common financial lies people tell themselves:
"I'll pay back the money I borrowed from my 401(k)." Is borrowing from your retirement savings really a good idea? We'll discuss the potential pitfalls and explore better alternatives.
"The stock market is rigged against the little guy." Is this a myth or a reality?
"The bank is the safest place for my money." While banks offer security, they may not always be the best option for growing your wealth. We'll discuss the trade-offs and explore alternative strategies.
"I'll start saving next year." Procrastination is a common financial enemy. We'll discuss the dangers of delaying your savings goals and provide actionable tips to get started today.
Join us as we debunk these common financial myths and gain valuable insights into building a stronger financial future.
 
Tune in to learn how to:
Make informed decisions about your retirement savings.
Navigate the stock market with confidence.
Develop a sustainable savings strategy.
Overcome common financial roadblocks.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

The Stress That Comes With Retirement

Retirement is often seen as the golden phase of life, a time to sit back, relax, and enjoy the fruits of your labor. However, did you know that psychologists rank retirement as the 10th most stressful event you can experience? In this episode, Eric discusses why this phase can be so daunting and offers strategies to ease the transition.
Here’s some of what we discuss in this episode:
The stress that can come with no set day to day schedule during retirement.
Keeping your options open as you plan for retirement.
Reducing your retirement stress by working with a qualified professional.
Get in touch with the Peterson Financial team: https://petersonfg.com/

Finding Financial Silver Linings

Throughout our lives, there will be times when the markets rise and times when we experience downturns. Largely, we don’t have control over the circumstances we’re dealt, but we do have control over how we respond to those situations.
In this episode, Eric will explore financial situations that can often feel stressful and inconvenient. We’ll focus on finding the silver linings and learning how to make the best of those situations.
 
Here’s some of what we discuss in this episode:
Finding opportunities during a market downturn
Understanding capital gains taxes
Leveraging high interest rates to your advantage
Turning a layoff into an opportunity for a reset
Get in touch with the Peterson Financial team: https://petersonfg.com/

Unasked Retirement Questions You Shouldn’t Ignore

There are plenty of obvious questions about retirement planning that everybody knows they should be asking. Then, there are other questions that aren't exactly enjoyable to think about.
For example, it’s not easy to consider how taxes and income might shift after losing a spouse, how losing the ability to drive could lead to new financial and social challenges, or whether relying on your children for care in old age is realistic. Yet, these are necessary things to ask yourself as you build a plan.
Tune in to this episode with Eric, as he breaks down some frequently unasked retirement questions that are very important to consider.
 
Here’s some of what we discuss in this episode:
Downsizing in retirement
How taxes change when you must file as single
The financial impacts of losing the ability to drive
Not just assuming that your kids are on board with taking care of you in old age
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

The Diverse Definitions Of Diversification

Diversification is one of those buzzwords you hear often in financial planning. While many people know it's important, few are clear on what it actually means when applied to various aspects of their financial strategy. In today’s episode, Eric and Marc will bring you the diverse definitions of diversification.
 
Here’s some of what we discuss in this episode:
Diversification in terms of stocks.
Diversification of asset classes.
Global diversification.
Diversification of strategies.
Diversification around taxes.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

The Use Of Technology In Financial Planning

As technology keeps advancing, it’s made our lives easier in so many ways. Tasks that used to need outside help can now be done on our own with just a few clicks. This shift has also brought more accessible online financial tools, but how accurate and helpful are they really?
 
Here’s some of what we discuss in this episode:
The risks that come with sponsored ads on Google.
How robo-advisors take the emotion out of investing.
How useful are online “retirement calculators?”
Different uses for technology in the accumulation phase vs. the distribution phase.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Retirement Planning Conversations With Dorothy Parker

Dorothy Parker is one of the great writers of the 20th century. Her wit and prose have been appreciated by readers for generations. But are there any lessons we can learn when it comes to finance with some of Parker’s most well-known quotes?
 
Here’s some of what we discuss in this episode:
Planning for the worst and hoping for the best.
Putting your financial resources to work for you.
Having a plan for what you want to do with your wealth when you die.
The relief you’ll feel after financial planning.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Mailbag: Moving To A State With Income Tax And More

In this episode, Eric is answering your questions! We’ll cover a range of topics today, including key considerations for income taxes when moving to a new state, how to initiate financial conversations with parents or grandparents, and whether using a life insurance policy to save for a college fund is a wise choice.
 
Here’s some of what we discuss in this episode:
The financial impacts of moving to a state with a higher income tax.
Getting the conversation started with older parents when it comes to their finances.
Is it better to use a life insurance policy for college savings?
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

What Is Lazy Money?

What is lazy money and why do you want to not have too much of it in your retirement portfolio? Simply put, lazy money is money that isn’t growing as much as it could be. Having your money grow and work for you is a key part of building a solid portfolio, so Eric breaks down some strategies to help get the most out of your money in this episode.
Here’s some of what we discuss in this episode:
Defining the term “lazy money.”
Making sure that you are getting the most out of your money.
The concept of investing with your conscience or “moral investing.”
How lazy money can be dangerous.
Getting your money to make more money for you.
Get in touch with the Peterson Financial team: https://petersonfg.com/

Retirement Planning Today Is Harder Than It Used To Be

Retirement planning simply isn’t the same as it used to be. From changes in life expectancy, the lack of pensions, and getting caught in the sandwich generation, there’s a lot to keep in mind when putting together your financial plan. Instead of taking advice from others who may have retired in a different era, it’s important to understand what strategy is right for you.  
 
Here’s some of what we discuss in this episode:
Pensions are no longer the norm.
Life expectancy is longer, so we need to financially prepare for longer lives.
Some get stuck in the sandwich generation and caring for others.
You should be strategic about your Social Security income.
Taxes are an area where you can take control in retirement.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/