Episodes
Thursday Dec 07, 2023
Things Your Financial Advisor Might Not Be Doing
Thursday Dec 07, 2023
Thursday Dec 07, 2023
Sometimes people get advice from financial “professionals” who maybe aren’t the right fit for their needs. Today, we discuss some of the things your advisor might not be talking to you about. If you’re getting value for the fees you’re paying then that’s one thing. But if you’re not getting your needs met by your financial advisor, it might be time to find the right advisor for you.
Here’s some of what we discuss in this episode:
The tax angle needs to be considered.
Are they focused on the accumulation or distribution?
What are you paying in fees?
What’s the strategy for your retirement income?
What is the legacy plan?
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Nov 30, 2023
Tax Consequences
Thursday Nov 30, 2023
Thursday Nov 30, 2023
Taxes are a major part of your life, especially your life in retirement. Having a good understanding of how you can prepare may save you in the long-run. Discussing your options with a financial advisor can help point you in the right direction. A big part of the conversation will be about deciding how to best save in a 401(k) or a Roth 401(k). But you also need to consider the outcomes and limitations on things like taxable accounts or even life insurance.
Stay tuned as we discuss all things tax consequences in today's episode.
Here’s some of what we discuss in this episode:
What are the pros and cons of using a 401(k)?
What should you do about tax-free accounts?
What are the consequences of taxable accounts?
Are there tax consequences with life insurance?
Get in touch with the Peterson Financial team: https://petersonfg.com/
Tuesday Nov 21, 2023
Cutting Corners Financially
Tuesday Nov 21, 2023
Tuesday Nov 21, 2023
Sometimes we want to take the easy way out instead of the smarter way. Today, we talk about ways people have tried to cut corners financially and where that falls apart. Remember, having a plan and understanding what’s in it can save you a lot of heartache later on.
Here’s some of what we discuss in this episode:
Some people take too much risk to make up for lost time.
Don’t fail to update your legal documents.
Make sure you get organized.
Some ignore the fine details.
Ignoring potential long-term care needs.
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Nov 16, 2023
Risk Aversion
Thursday Nov 16, 2023
Thursday Nov 16, 2023
No one loves losing money. So how do you strike the right balance of investing vs. being overly risk averse? Eric talks through how he guides clients through this dilemma. You might be surprised to find out your investment accounts are riskier than you realized!
Here’s some of what we discuss in this episode:
What does it mean when someone is risk averse?
A lot of times you don’t know how risky your portfolio is.
How do you fix your risk levels financially?
How do you align your expectations?
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Nov 09, 2023
Tax Planning in Retirement
Thursday Nov 09, 2023
Thursday Nov 09, 2023
Next to income, tax planning is the most important thing Eric focuses on with his clients. If you can control how much tax you pay, it’s more money you get to keep, spend, and enjoy. Retirement is a prime time to focus on tax planning as you have more opportunity to control the taxes you owe. Listen in as we talk about tax planning in retirement!
Here’s some of what we discuss in this episode:
Why is tax planning important?
How do the tax brackets work?
What does a Roth conversion strategy look like?
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Nov 02, 2023
Overconfidence in Your Financial Life
Thursday Nov 02, 2023
Thursday Nov 02, 2023
When can overconfidence cause catastrophe? If you are setting your financial goals based on a rule of thumb or a certain arbitrary dollar amount, you might want to reconsider. Having overconfidence, especially in the wrong things, can lead to financial disaster.
Here’s some of what we discuss in this episode:
Overconfidence in the stock market.
Overconfidence in a certain dollar amount for retirement.
Overconfidence a financial rule of thumb.
Overconfidence in your own understanding.
Overconfidence in your decision-making process.
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Oct 26, 2023
Learning From Financial Mistakes
Thursday Oct 26, 2023
Thursday Oct 26, 2023
Sometimes we learn from our mistakes, and unfortunately, sometimes we make the same mistake over and over. Having a financial advisor can help you navigate through your financial decisions so you don’t get stuck in the same rut of financial mistakes on repeat. In today's episode, Eric will share some of the mistakes that he sees people make frequently.
Here’s what you’ll learn on today’s show:
What mistakes does Eric see repeatedly?
How do people improve their financial habits after they gain experience?
When has a financial change turned out to be a good thing?
What financial mistakes has Eric helped people avoid?
Do some people resist retirement because they don’t trust the numbers?
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Oct 19, 2023
The Hierarchy Of Retirement Needs
Thursday Oct 19, 2023
Thursday Oct 19, 2023
You may be familiar with Maslow’s hierarchy of needs, which breaks down a human’s needs into five different tiers. In today’s episode, we apply those tiers to what you need when retirement planning. Have you planned and saved in a way that will cover all of these needs? Stick around to find out!
Here’s what you’ll about learn today:
The physical needs are your retirement basics.
Safety concerns apply to protecting your money.
The need for belonging looks different in retirement than when working.
Finding ways to feel accomplished in retirement.
Finding self-actualization through contentment with where you are now.
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Oct 12, 2023
Finances with Forrest Gump
Thursday Oct 12, 2023
Thursday Oct 12, 2023
The classic movie, Forrest Gump, is full of great quotes. We see how some of those quotes can be applied to your finances. From figuring out what to do when life isn’t going just like you thought to learning from past mistakes, there are a lot of takeaways from Forrest.
Here are the quotes we dive into and turn into financial advice:
“Life’s like a box of chocolates, you never know what you’re going to get.”
“Mama always said, you’ve got to put the past behind you before you can move on.”
“What’s normal, anyway?”
“Dying is a part of life, I sure wish it wasn’t.”
Get in touch with the Peterson Financial team: https://petersonfg.com/
Thursday Oct 05, 2023
Financial Matters People Put Off
Thursday Oct 05, 2023
Thursday Oct 05, 2023
Humans can be really good at procrastination. When we have the basics covered, it’s easy to put off the decisions and actions that we don’t want to deal with just yet. Today, we talk about some of the financial matters people are prone to put off and what you would be better off tackling right away. You might be surprised to find it wasn’t so hard to handle after all!
Here’s what we discuss in today’s show:
Is deferring taxes the right choice?
Some put off eliminating debt.
Setting up legal and estate documents isn’t fun, but needs to happen.
Delaying the start of Social Security may be a good idea, may not be.
Putting off meeting an advisor does yourself a disservice.
Get in touch with the Peterson Financial team: https://petersonfg.com/