Retirement Ready

Eric Peterson

Financial and retirement planning guidance from Des Moines' Eric Peterson of Peterson Financial Group. read less

ビジネス・経済ビジネス・経済

ニュースニュース

投資・金融投資・金融

ビジネスニュースビジネスニュース

始める

Unasked Retirement Questions You Shouldn’t Ignore

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 retirementHow taxes change when you must file as singleThe financial impacts of losing the ability to driveNot 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/

エピソード

Unasked Retirement Questions You Shouldn’t Ignore

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 retirementHow taxes change when you must file as singleThe financial impacts of losing the ability to driveNot 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

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

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

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

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?

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 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/

Social Security Variables That Impact Your Claiming Strategy

Social Security Variables That Impact Your Claiming Strategy

After so many years of paying into Social Security, you might feel ready to reap the benefits. But before you get too eager, it’s best to have a thorough understanding of the different variables and how to best leverage them. On today’s podcast, Eric emphasizes the need for a comprehensive strategy and personalized plan. Here’s some of what we discuss in this episode: The different buckets in retirement. How Social Security benefits apply with a spouse.Maximizing your financial outcome.Potential changes to Social Security. Get in touch with the Peterson Financial team: https://petersonfg.com/

Retirement Real Estate Decisions: Downsizing, Snowbirding, and More

Retirement Real Estate Decisions: Downsizing, Snowbirding, and More

One of the key discussions you may have in retirement is what to do about the house. Should you downsize your home? Pay it off early? Buy a vacation home and become a snow bird? Eric emphasizes the importance of considering not just the financial implications but also the lifestyle changes each of these decisions entail. Weighing out the pros and cons of each decision can highlight what is right for you (which isn’t always the same as what your neighbor is doing). Here’s some of what we discuss in this episode: Whether or not to downsize.Considering the interest rates.Wondering about paying off the house.Springing for a vacation home. Get in touch with the Peterson Financial team: https://petersonfg.com/

Healthcare in Retirement

Healthcare in Retirement

One major (yet often overlooked!) expense in retirement is healthcare. Especially if you are retiring early, healthcare can be a huge expense as you bridge the gap between your working years and when eligible for Medicare. Not only will you have an increased monthly cost, but you may need to budget for additional medical costs as time goes on or even long-term care needs. In today’s episode, Eric will give us an inside look at the healthcare-related items you need to think about as you approach your retirement years. Here’s some of what we discuss in this episode: How Medicare fits in your retirement plan.What happens if you retire early?Dealing with unexpected medical expenses.Planning for long-term care needs. Get in touch with the Peterson Financial team: https://petersonfg.com/

Family Matters When It Comes to Finances

Family Matters When It Comes to Finances

Your money and your nest egg have a direct effect on so much of your life, especially those you hold dear. Today we talk about what happens in a family, particularly when someone has passed away, and the financial impact that can have. Losing a spouse is an emotionally devastating experience, and amidst the grief, the financial implications can add another layer of stress. Here’s some of what we discuss in this episode: Overcoming the most significant financial challenge after the loss of a spouse.Understanding the tax implications.Why estate planning is so vital.What a balanced financial strategy looks like. Get in touch with the Peterson Financial team: https://petersonfg.com/

Water Wheels and Retirement Planning

Water Wheels and Retirement Planning

Have you ever wondered how a water wheel can relate to your retirement planning? It might seem like an odd comparison, but in today’s podcast, Eric breaks down this fascinating analogy and its significance in maintaining a stable financial future. Here’s some of what we discuss in this episode: The driving force behind your lifestyle in retirement.Diversifying income streams.How personal pensions could help.Managing your finances with vigilance. Get in touch with the Peterson Financial team: https://petersonfg.com/

Most Common Retirement Planning Mistakes

Most Common Retirement Planning Mistakes

We all make mistakes from time to time. But what if your financial mistakes could be avoided with just a little insight? Eric shares some of the most common retirement planning mistakes people are prone to make and what you can do to save yourself from heartache. Here’s some of what we discuss in this episode: Understanding tax implications.Timing your Social Security benefits wisely.Focusing on income instead of returns.Balancing aggressiveness and conservative investing. Get in touch with the Peterson Financial team: https://petersonfg.com/

Common Complaints About Financial Planning

Common Complaints About Financial Planning

When it comes to planning for retirement, the relationship you have with your financial advisor is crucial. Many people express common complaints about their financial advisors, from taking on too much risk to paying high fees or a lack of communication. In today’s podcast, Eric sheds light on these concerns and offers valuable insights to help you navigate your financial journey. Here’s some of what we discuss in this episode: Assessing risk in investments.Understanding the value for your fees.Evaluating investment performance.The importance of holistic financial planning. Get in touch with the Peterson Financial team: https://petersonfg.com/

Navigating Spousal Disagreements in Retirement Planning

Navigating Spousal Disagreements in Retirement Planning

Inside a marriage, retirement planning is a journey that ideally involves both partners working together towards a common goal. However, as with any significant life decision, disagreements can arise. Eric sheds light on some of the most common spousal disagreements regarding retirement and offers practical advice on how to navigate them. Here’s some of what we discuss in this episode: Determining the risk tolerance level.Deciding what age to retire.How much to allot toward legacy planning.Considering when to downsize.Finding a retirement lifestyle that makes everyone happy. Get in touch with the Peterson Financial team: https://petersonfg.com/

Financial Wisdom from Ernest Hemingway

Financial Wisdom from Ernest Hemingway

According to Ernest Hemingway, "In order to write about life, you must first live it." Eric shares how his years working as a financial advisor have given him the experience to guide others through various market conditions and make a financial plan that is possible to follow. It's not just about understanding the products and tools; it's about knowing how people react to different financial stimuli and steering them accordingly. Tune in to the conversation as we unpack more Ernest Hemingway quotes just like this and see how they relate to financial planning! Here’s some of what we discuss in this episode: The value of years in the financial services industry for understanding market conditions and reactionsGuiding and counseling clients through various financial situationsThe importance of cautious investing approaching retirement Get in touch with the Peterson Financial team: https://petersonfg.com/

Knowing Where You Stand in Retirement

Knowing Where You Stand in Retirement

Saving for retirement is not like it used to be. For too many, it’s a mystery whether or not they have what they need to retire comfortably. To best prepare for retirement, it’s important to know where you stand. Do you have an understanding of what your goals and financial needs are? Here’s some of what we discuss in this episode: How retirement has changed from previous generations.The key question to ask yourself.Understanding your income needs.Stress-testing your plan. Get in touch with the Peterson Financial team: https://petersonfg.com/

The Different Investor Personality Types

The Different Investor Personality Types

When it comes to financial planning, understanding your investor personality type can significantly impact your retirement plan. From one of the most common investor types to the mismatched couple, Eric shares the different investors he has encountered and how to plan accordingly. Hear how to ensure a successful retirement, no matter what your personality type. Which of these investor personalities sounds most like you? Find out in this episode. Here’s some of what we discuss in this episode: The victim personality.The over-analyzer.The DIY-er.The odd couple. Get in touch with the Peterson Financial team: https://petersonfg.com/

Bad Financial Habits

Bad Financial Habits

Are your financial habits setting you up for a secure retirement or are they leading you down a path of uncertainty and uneasiness? Eric shares about the consequences of bad financial habits and what you can do to cultivate better ones. Instead of burying your head in the sand or overemphasizing the wrong things, take some time to recalibrate and get your financial life in the right direction. Here’s some of what we discuss in this episode: Ignoring your account statements.Understanding volatility.Being addicted to the stock market.Overcoming procrastination.The best time to start. Get in touch with the Peterson Financial team: https://petersonfg.com/

Financial Decisions Shaped by Key Memories

Financial Decisions Shaped by Key Memories

Have you ever wondered how major historical events influence our financial behaviors? Or wondered what the root is of some of your or your family members’ financial decisions? In today’s podcast, we dive into the profound impact of these "black swan" events on our investment and saving habits. From the Great Depression to the 2008 housing crisis, these events have left lasting impressions on generations of investors. Here’s some of what we discuss in this episode: The deep scars of the Great Depression.The post-WWII economic boom and the Dot-Com bubble.The 2008 housing crisis.Modern financial strategies for a stable retirement. Get in touch with the Peterson Financial team: https://petersonfg.com/