Retirement Ready

Do You Have These Blind Spots In Your Retirement Plan?

Many people can have a couple of “blind spots” so to speak when it comes to their retirement plans. Do you worry you may not be accounting for everything you might need for your retirement? Then today’s episode is perfect for you!
 
Here’s some of what we discuss in this episode:
The dangers of a market downturn early in your retirement.
Accounting for inflation.
Planning for medical costs.
Understanding the tax coordination on your income.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Inside Out: How We Can Look at Finances Through the Characters of Pixar’s Latest Flick

There can be a lot of emotions when it comes to investing and planning for retirement. And what better way to discuss those emotions than through the characters of Pixar’s latest film, Inside Out 2? In this episode, Eric breaks down how emotions can impact your financial decisions and shares practical strategies to help you manage them. 
 
Here’s some of what we discuss in this episode:
The potential joy in retirement planning.
Quelling fears about retirement.
Avoiding dwelling on poor financial decisions.
Running your own race.
Reducing anxiety through planning.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

The Importance of Preventative Care

Preventative care isn't just for your health; it's essential for your financial well-being too. By consulting a financial advisor early and often, you can avoid financial distress and make informed decisions that lead to a secure and fulfilling retirement. Join us as we talk about the importance of preventative care with your finances in today's episode!
 
Here’s some of what we discuss in this episode:
Proactive vs. reactive financial planning.
The perceived cost of financial advisors.
Overcoming financial fears and misconceptions.
The power of financial literacy.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/
 

Preparing for Retirement like Noah’s Ark

Financial planning involves a lot of planning ahead, much like Noah did when he started building the ark long before the rain began. This metaphor serves as a powerful reminder that proactive planning is essential for weathering financial storms. Eric highlights that while we can't predict events like market crashes or global pandemics, we can prepare for them by stress-testing our financial plans.
 
Here’s some of what we discuss in this episode:
Noah’s ark and financial planning.
Preparing for the unexpected.
Having a diversified income stream.
Listening to your neighbors instead of your situation.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Retirement Income

When planning for retirement, one of the most critical aspects to consider is your income. But what does this mean, and how can you ensure you have enough income to cover your needs and desires?
 
Here’s some of what we discuss in this episode:
Income is key.
Considering medical expenses.
Unexpected travel costs.
Supporting family members in the sandwich generation.
The impact of taxes.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Retirement Checklist

Retirement is a significant milestone that requires careful planning and preparation. In today’s podcast, Eric shares a comprehensive checklist to ensure you're fully prepared for your golden years.
 
Here’s some of what we discuss in this episode:
Understanding your monthly income needs.
Choosing the right account for withdrawals.
Timing Social Security benefits appropriately.
Addressing longevity risk.
Handling market volatility.
Combating inflation and preparing for future tax increases.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Financial Wisdom from Mark Twain

In the latest episode of the Retirement Ready Podcast, Eric invites us to explore the timeless wisdom of Mark Twain and how it applies to modern financial planning. Mark Twain, known for his wit and keen observations, offers quotes that are surprisingly relevant to today's financial landscape. Eric takes these quotes and translates them into practical advice for those planning their retirement.
 
Here’s some of what we discuss in this episode:
"Apparently there is nothing that cannot happen today."
"The lack of money is the root of all evil."
“Suppose you were an idiot, and then suppose you were a member of Congress; but I repeat myself.”
"October is one of the particularly dangerous months for speculating in stocks. The others are…”
"The secret to getting ahead is getting started."
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Understanding Bonds in Today's Market

Are bonds really the safe investment we've always been told they are? What percentage of assets should a retiree or pre-retiree hold in bonds? In today’s episode, Eric addresses some of his most frequently asked questions about the world of bonds…
 
Here’s some of what we discuss in this episode:
What is a bond and how does it work?
How do bond funds and individual bonds differ?
What makes bond prices rise or fall?
What percentage of assets should a retiree or pre-retiree hold in bonds?
What alternatives to bonds might be considered for safer investments?
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

Understanding Your Financial Statements

Financial statements can often feel like a foreign language, filled with jargon and numbers that seem to have little relevance to your everyday life. However, understanding these documents is crucial for effective retirement planning. In the latest episode of the Retirement Ready Podcast, Eric breaks down the essentials of reading and interpreting your financial statements.
 
Here’s some of what we discuss in this episode:
Why you should review your financial statements.
Understanding projections and asset allocation.
The importance of knowing your fees.
What the tax implications could be.
Reading the fine print.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/

From Graduation to Retirement

This one goes to the grads! Whether you know someone graduating high school, college, or even preschool, graduation marks a new stage and season in life. Similarly, retirement is a new chapter in life. It's a time of change, celebration, and sometimes, uncertainty. On today’s show, we talk through the similarities between leaving school and entering retirement.
 
Here’s some of what we discuss in this episode:
Retirement is more than just having enough money.
Your daily life and routines change in a big way.
Relationships can be hard to maintain in the same way.
The emotions you face might surprise you.
You may face a shift in identity or even have an identity crisis.
 
Get in touch with the Peterson Financial team: https://petersonfg.com/