Retirement Ready

What You Should Ask When Planning For Retirement With Your Spouse

Did you take the trash out? Oh, and what is our income plan after one of us dies? One of these is a question you might ask your spouse regularly after dinner while the other one is important but often overlooked. We’ll talk about five questions you should start to ask now when it comes to planning your retirement with your spouse.
Check out the full show notes for this episode by clicking here. 

Strategizing for Retirement (Just Like In Chess)

The fun and challenge of games such as chess is a bit similar to planning for retirement. We’ll talk about how it takes a lot of pieces and the right plays to win in the end.
Check out the full show notes by clicking here.

How To Ask Better Financial Questions

Asking questions is always a good thing. The more you ask, the more you understand. But sometimes you don’t get the answer you need until you ask the right question. These four common financial questions are a bit better when they are rephrased and reconsidered.
Check out the show notes by clicking here. 

Financial Mythbusting: Making A Financial Plan Based On Reality

Do you know the difference between a financial myth and financial reality? When you make a plan for your future, you want to make sure it is based on what’s true. We’ll talk through four ideas to discover whether they are myths and real.
Check out the show notes for this episode here. 

Should You Take House Debt Into Retirement?

What do you do when…? Eric answers three pressing questions from the mailbag in today’s podcast. Whether you are being thrust into an early retirement or are considering delaying retirement due to debt, financial advice from an advisor will set you in the right direction.
Make sure you check out the show notes by clicking here. 
Take a look at the episode rundown below:
0:47 - Mailbag: What does an early retirement offer look like? How should you prepare?
3:40 - Mailbag: Should you keep working until you’ve paid the house off or retire as planned?
5:08 - You can always do something else in retirement, such as part-time work.
6:05 - Mailbag: Financial advisor is tough to get in touch with. Is this common practice?

Watch Out For These Red Flags When Working With A Financial Advisor

When you are working with an advisor, you want your relationship to be built on trust and quality expertise. But how do you know if an advisor is a bad fit? What red flags should you avoid? We’ll tell you in this episode.
Check out the full show notes here. 

This or That Financial Debates – Debt, Mortgages, Life Insurance & Mutual Funds

This or that? Depending on who you listen to, you may have heard a variety of opinions on these financial debates. Eric shares his thoughts on debt, mortgages, life insurance, and mutual funds.
To learn more and to see the show notes, click here. 

Retiring Early: Is It Possible and Is It Right For You?

Some may think that retiring early is just a dream, but can you turn this dream into a reality? In this episode, Eric talks about the ins and outs of taking an early retirement. Find out when you can retire and whether you will actually want to stay retired.
To get more details about this episode and this topic, visit the show page here.

Tending To Your Retirement Garden

What does retirement planning have in common with growing a garden? Both need patience, vision, determination, and the proper tools to succeed. Eric Peterson explores all the comparisons on this week’s podcast.
 Show notes: https://petersonfg.com/tending-to-your-retirement-garden/

Retirement Decisions: More Than Just Investments

When it comes to planning for your retirement, there’s a lot more to consider than where to invest. Going beyond the data and numbers, you need to consider these areas of your life and what you want them to look like in retirement.
 Show Notes
0:59 Lifestyle 
When people come in to meet with Eric and his team, they are often surprised that it’s not just about the data. It’s important to find out what you envision your retirement will look like. Then you need to consider the challenges in retirement.
The number one thing people miss when entering retirement is how much income they need or are able to generate. Income is the key to retirement success.
A lot of people want to work doing something else or volunteer to give back to their community.
 4:25 Social Security
Social Security is one of the only guaranteed income sources for most people. Claiming it correctly is critical to your plan.
The spousal benefits for Social Security are worth understanding.
Eric shares a client example of a couple making decisions about Social Security.
The tax strategies are crucial.
 6:39 Pensions
The nice thing about a pension is that it pays for the rest of your life. You don’t have control over the asset, however.
If you roll it over in a lump sum, then you have control over it in case something happens. Eric shares a client story to illustrate how he breaks down someone’s pension options.
 8:33 Home-related issues
Are you thinking of downsizing? Maybe you would rather travel or don’t want to take care of the maintenance on a home.
Reverse mortgages are a way to supplement income, but there are a lot of nuances.
Think about where you want to live. Maybe you need to get everything in one level so you can “age in place”.
 10:12 Health
This is the biggest fear among many of Eric’s clients since healthcare insurance as an individual is hard to find.
You need to think about long-term care or be prepared for a health catastrophe.
Consider what kind of damage a healthcare issue may do to your retirement plan and address that now.