Retirement Ready

Presidential Quotes And The Financial World

Today's Prep:
There are a lot of great quotes from past presidents that also apply in the financial industry. Have you heard all of these? How would you apply them to your financial portfolio?
Full show notes at: https://petersonfg.com/presidential-quotes-and-the-financial-world
Equipping Points:
1:06 “When only one side of a story is heard and often repeated, the human mind becomes impressed with it.” - George Washington
If you watch too much news, then you only get one side of the story from the “Wall Street machine”.
Keep in mind that you might be listening to a marketer.
What’s right for someone else might not be the best fit for your situation. For example, someone with a billion dollars does things differently than someone with half a million.
You have to understand who the message is for, and who it’s coming from, and what they are trying to get you to agree to.
4:08 “Ask not what your country can do for you, ask what you can do for your country.” - JFK
From a financial advisor standpoint, this is what a fiduciary is supposed to think about.
Advisors should be client-focused and asking what is right for the client instead of just doing whatever is going to generate the most revenue.
A lot of people in retirement just want someone who is going to look out for them and their best interests.
6:54 “Think about every problem, every challenge we face. The solution to each starts with education.” - George Bush
Education is the foundation of everything Eric does for clients. The first two meetings of the planning process are designed to help educate you about risk and what a properly designed portfolio looks like.
 

Mailbag: Retention Bonus or Retirement?

As you near the final months or years before taking the plunge into retirement, there are always a few details to work out and questions to ask. Eric answers a few questions from the mailbag about pensions, paying taxes in retirement, and deciding when to walk away from a retention bonus and just retire already.
Check out this episode's show notes: https://petersonfg.com/mailbag-retention-bonus-or-retirement

Handling What You Can’t Control in Retirement

Some things are just out of your hands. In retirement planning there are a lot of things completely out of your control, but if you re-frame your thinking, there is actually something you can do about them. Eric talks through these four areas where you have an opportunity to prepare for the unpredictable.
Full show notes: https://petersonfg.com/handling-what-you-cant-control-in-retirement

Wishful Thinking In Retirement Planning

Is your head in the clouds when it comes to retirement? Here are three common phrases people say when it comes to retirement planning. Eric shares whether these mentalities are wishful thinking. 
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/wishful-thinking-in-retirement-planning/

Underrated Or Overrated?

We’re playing a game to determine what’s underrated and overrated when it comes to a few topics in the financial world (and even a few outside of financial planning). Let us know what you think. 
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/underrated-or-overrated/

Lazy Money

Do you have money sitting around without a purpose? We’ll explain the dangers of lazy money, why people have it, and how you can put it to work! Make your money work for you as you plan for retirement.
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/lazy-money/

Delayed Gratification In Retirement Planning

Sometimes, it’s hard to make financial sacrifices when the reward seems so far away. However, delayed gratification can be extremely beneficial when it comes to your finances. Eric talks about four situations when people may be tempted to choose instant gratification over a better long-term pay out.
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/delayed-gratification-in-retirement-planning/

If Retirement Were Like A Game Show

Everyone loves a good game show, whether it's The Price Is Right, Jeopardy, or Who Wants To Be A Millionaire? It's fun to play along, but remember, they're just a game. Today we'll talk about game shows and how they relate to your retirement planning process. Ready to play?
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/if-retirement-were-like-a-game-show/

Financial “Jerseys” and What They Say About Your Plan

On game day, it’s fun to wear your jersey and show some team spirit. What you might not realize are the three ways your financial planning process is similar to a jersey. Consider the names, numbers, and symbols on a jersey. How might they be similar to the names, numbers, and symbols on your financial statements?
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/financial-jerseys-and-what-they-say-about-your-plan/

Unlikely Wisdom From Unlikely Voices

You might not expect to gain wisdom from these popular celebrities. To be honest, these quotes weren't intended to be about finances either. However, there's plenty of retirement planning wisdom we can learn from these personalities.
Check out the full show notes for this episode and relevant links at: https://petersonfg.com/unlikely-wisdom-from-unlikely-voices/