Retirement Ready

Retirement Ready

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


February 29, 2024 12 mins

What kind of risks do you take in your financial life? As you get less comfortable with things like climbing up ladders and riding on skateboards, you might also become less financially risky. When you enter retirement, how you view your money in the market changes significantly from your working years. It’s important to look at your portfolio to ensure your investments match your risk tolerance.

Eric and his team use a risk analys...

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A lot of times, when you consider what is happening with your money, questions arise. Instead of letting those questions serve as a mental roadblock, ask a qualified financial professional. You may be surprised at what you hear! Or, you may feel validated that you are headed the right direction. On today’s show, Eric answers three questions from listeners.


Here’s some of what we discuss in this episode:

  • Mailbag: How much mone...
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February 15, 2024 11 mins

Why is retirement planning different than the “good old days” that our parents and grandparents experienced? This is one of those cases where you most likely can’t follow the same plan as previous generations and expect it to work out the same. Things like pensions, Social Security, and even RMD age have changed. Is your financial plan set up accordingly or is it in need of some changes to match?


Here’s some of what we discuss in...

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February 8, 2024 13 mins

When is the perfect time to retire? One question from the mailbag asks whether retiring now or in two years will make a big difference. Stay tuned as Eric answers this listener question and more in this week's show. 


Here’s some of what we discuss in this episode:

  • Mailbag: I’d like to retire soon, but how big of a difference will it make now or in two years?
  • Mailbag: How important is it to have a financial advisor? 
  • Mailbag: ...
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More than likely, you’ve heard about financial commentator, Dave Ramsey. Today, we talk about some of Dave’s core beliefs and how they may differ from those of a licensed financial advisor. While Dave’s tips and baby steps have helped people, it’s worth taking some of his advice with a grain of salt. 


Here’s some of what we discuss in this episode:

  • Should you cut up your credit cards?
  • Is whole life insurance a rip-off?
  • Should...
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Every day you have to make choices about your money. What to spend it on, when to save, and how to manage it well. We tackle three questions from the mailbag today from people facing a financial decision. From learning how to take care of the household finances after one spouse passes to deciding about helping a child pay for college, Eric can help point clients in the right direction.


Here’s some of what we discuss in this episo...

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January 18, 2024 15 mins

What does the voice of greed sound like? We hear a lot in the financial space, some of it sound advice, and some of it just plain greedy (and even risky). There’s a time and a place for risk, but it comes down to planning. Not all of your money should have the same risk profile. Working with a financial advisor can help you determine how much risk is good vs. having safety.


Here’s some of what we discuss in this episode:

  • The ...
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January 11, 2024 12 mins

Sometimes we fall into playing the guessing game when it comes to our finances. For instance, how much do you really need in retirement? Instead of grabbing at arbitrary numbers, first think about how much you spend. Some of your expenses may change in retirement compared to your working years, but plan for your needs based on your expenses and your goals.


Here’s some of what we discuss in this episode:

  • How much will you need...
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When you retire, you have to be strategic about what you do with your money. In today’s show, Eric answers three questions from the mailbag about how to make the best financial decision possible with your money once you’re retired. 


Here’s some of what we discuss in this episode:

  • Mailbag: What’s the maximum income I can have in retirement without paying taxes?
  • Mailbag: Should I pay off my daughter’s college loan?
  • Mailbag: Any...
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December 28, 2023 16 mins

There are some common questions that come up around inheritance, so today we are going to tackle a few! Whether you have recently inherited or want to set up your estate in a way that makes it easier on your beneficiaries, there’s something for you to learn in today’s show.


Here’s some of what we discuss in this episode:

  • Should my mom sign the house over to me before she dies?
  • How will I be taxed on inherited stocks?
  • What if ...
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December 21, 2023 13 mins

There are so many different ways to approach the subject of financial planning. In light of the holidays, we wanted to have a little fun and compare some Christmas classic songs with financial lessons.

For starters, as you sing about Rudolph, it’s easy to see now what a great asset he had in that shiny bright nose. What financial tools are underrated and a better asset than you originally thought? Or, what happens after grandma get...

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December 14, 2023 15 mins

When you sit down to talk about your finances, sometimes you run into a question that stumps you. Even if you can’t fully answer the questions, it’s still important to consider these when financial planning. For instance, no one really knows when the next market crash will hit. We can, though, consider what caused market crashes in the past and then set up your financial plan strategically to account for the possibility of a crash ...

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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:

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    November 30, 2023 12 mins

    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 accoun...

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    November 21, 2023 15 mins

    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...
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    November 16, 2023 12 mins

    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 f...
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    November 9, 2023 12 mins

    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?
    • H...
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    November 2, 2023 13 mins

    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 financi...
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    October 26, 2023 14 mins

    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 rep...
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    October 19, 2023 15 mins

    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.
    • ...
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