Retirement Ready

Retirement Ready

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

Episodes

August 4, 2022 12 min

Retirement decisions involve a lot more than just the money, but also the emotional and lifestyle decisions, too. Eric answers three questions from the mailbag from listeners making retirement decisions.

 

Key topics on this episode:

0:46 - Mailbag: How does tax get calculated on stock sold?

4:04 - Mailbag: How much is too much to spend on a forever home?

6:44 - Mailbag: What do I do when my retirement income is more than my workin...

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We play the game of Jeopardy as Eric answers financial questions on today’s show. Do you know all the answers?

 

Key topics on this show: 

0:50 - Let’s play a little Jeopardy!

1:28 - Known for its high fees, this financial product has given a bad name to others.

4:47 - This requires a financial advisor to put the clients’ best interests first.

6:57 - This financial phenomenon will eventually return.

8:47 - This forces retirees to d...

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July 21, 2022 13 min

If you have a 401(k), what are some of the downsides? Eric talks through what a 401(k) is best for and when it is better to invest elsewhere.

 

Key topics on this show: 

0:46 - Let’s talk about the weaknesses of 401(k) accounts.

1:46 - The administrative costs are expensive.

2:52 - Target date funds are a tool.

5:32 - What kind of risk do you have?

7:44 - There are not many choices.  

9:53 - Withdrawals are complicated.

 

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What should you be considering when trying to DIY your retirement plan? Eric talks through why many later decide working with a financial advisor is best.

 

Key topics on this show: 

0:47 - Retirement planning is not as easy as it looks.

2:59 - How do you approach the plan as a whole?

7:03 - How much time do you want to spend focusing on this?

10:10 - What happens if…?

 

Read more and get additional resources here: http://petersonf...

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July 7, 2022 12 min

What does it look like to achieve financial security? Let’s talk through a few financial goals people have when they meet with a financial advisor. 

 

Key topics on this show: 

0:47 - What is your definition of financial security?

3:18 - You don’t want to run out of money.

4:31 - Maybe you want to be able to work on your terms.

6:41 - Having an emergency fund protects you.

9:13 - How do you avoid feeling panicked during market vola...

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When you’re a business owner, you put your heart and soul into your business. There’s a lot that goes into starting and running a successful business. When it’s time to retire though, how can you make sure your transition goes well?

 

Key topics on this show: 

1:04 - If you start a successful business, will you be set for retirement?

5:30 - How will you sell it?

9:02 - Are you planning on the family taking over?

 

For more financia...

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How much should you pay attention to some of these recent financial news headlines? Eric shares what he thinks and what matters when it comes to your financial situation.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

1:18 - Are we preparing for an economic hurricane?

3:22 - Mortgage rates are in for a bumpy ride.

4:23 - Looming twilight o...

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June 16, 2022 12 min

Should you follow conventional wisdom when it comes to your financial decisions? Eric shares when the conventional wisdom might not be best.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - Should you invest in real estate?

3:49 - Is there good debt vs. bad debt?

5:52 - Is retirement a chance to relax?

8:51 - Should you try something ...

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June 9, 2022 12 min

Let’s plan the vacation of your dreams: retirement. More than simply a week away, you want to spend the right amount of time and energy thinking about this major season in life.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

1:08 - Where will you stay?

3:03 - Where are you going to eat?

6:10 - Unexpected things may happen.

8:34 - Who will ...

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What are we all facing and wondering about in our financial futures? Eric talks through a few topics you might have had on your mind lately.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - What can we all relate to?

1:46 - What do we all have in our car?

2:22 - We all are looking at Social Security.

4:47 - We all forget someone’s nam...

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Where’s the best place for your money to go? Several people are considering where their money should be, so Eric answers three questions from the mailbag for today’s show.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:46 - What if I don’t know if I’m wanting to retire?

5:33 - Should I do a rollover to stop the market losses?

7:50 - Shou...

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Ready to ace your retirement plans? Let’s talk tennis and see how much it relates to your financial plans on today’s show.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - Eric reminisces about playing tennis back in the day.

1:49 - The court is different for singles vs. a doubles match.

5:19 - Financial advisors are different.

8:14 -...

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What financial advice does Eric have for younger couples? What can you do to reduce next year’s taxes? Eric answers these questions and more from the mailbag. 

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - What are good investing tips to share with others?

3:20 - Should I delay taking my Social Security benefit out?

6:12 - How can ...

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What do you need to get you through the long haul of life? Eric talks us through what this looks like in your financial plan and how to build it with an eye on a distant horizon.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - What are the biggest downsides to a longer life expectancy?

3:33 - How can you be prepared?

4:26 - How do yo...

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Everywhere you turn there’s a headline about inflation but what do you need to know about what’s going on? Eric weighs in on the recent numbers and what you can do about it.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:46 - What is happening with inflation?

3:00 - Gas is at the top of the list.

5:32 - Used cars are up 36 percent.

6:46 ...

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What kind of savings do you really need for retirement? Are you working with the right advisor to get you there? Eric answers three questions from listeners on today's show. 

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - Mailbag: If I can’t save 15 percent for retirement will I be okay?

4:45 - Mailbag: Is it bad if my financial...

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April 14, 2022 12 min

Come on down! We talk about our favorite TV game shows and how it relates to our financial plan (and when it should look different).

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - Do you have a favorite TV game show?

2:08 - The Price is Right…with your stocks?

4:54 - Are You Smarter Than a 5th Grader?

7:10 - Who Wants to be a Millio...

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April 7, 2022 12 min

What do you need to know when it comes to tax planning? Eric outlines the ways a tax strategy can make a big difference in your retirement plan.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:47 - Thinking about taxes?

5:57 - Will taxes be lower in retirement?

8:12 - How can you be strategic about your taxes?

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March 31, 2022 11 min

How do you get the answers you need? A lot of it comes down to asking the right questions. We talk through some of the wrong questions people often ask and what you should be asking instead. 

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:46 - How much money do I need saved for retirement?

2:25 - Should I get long-term care insurance?

3:...

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What should you do about 401(k) accounts from old jobs? How can you find out what your Social Security benefits would be? Eric answers these questions on today’s show.

 

Read more and get additional financial resources here: https://petersonfg.com/retirementreadypodcast/ 

 

What we discuss in this episode: 

0:46 - What should I do about my investments taking a hit so close to retirement?

4:07 - How can I find out about my Social Se...

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