Retirement Ready

Retirement Ready

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

Episodes

July 29, 2021 11 min

In those final years before retirement, what should you be considering and doing now? We tackle a list of things you should do in the years before retirement.

 

Read more and get additional financial resources here: https://petersonfg.com/the-retirement-countdown/ 

 

What we discuss on this episode: 

0:46 - Ready for the final countdown toward retirement?

1:20 - When should we try to be debt-free before retirement? 

3:30 - H...

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When retirement planning, you may have to make decisions regarding your finances such as which pension package to take or how to plan for long-term care. Eric answers three questions from the mailbag in today’s podcast.

 

Read more and get additional financial planning resources: https://petersonfg.com/mailbag-do-i-need-long-term-care-insurance-if-i-expect-an-inheritance/ 

 

What we discuss on this episode:

0:46 - Mailbag: Do ...

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Many of us have a 401(k), but what mistakes can get overlooked? Eric shares a few key points to keep in mind when it comes to your 401(k).

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

 

What we discuss on this episode: 

0:46 - The 401(k) is an easy way to save.

3:05 - Did you leave it with a former employer?

5:25 - Are you rebalancing?

7:06 - Is your target date fund r...

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July 8, 2021 12 min

What kind of blind spots should you look out for when it comes to your financial plan? We talk about four key areas that often get overlooked when retirement planning.

 

Read more and get additional financial resources here: https://petersonfg.com/financial-blind-spots/ 

 

What we discuss on this episode: 

1:08 - The danger of a downturn.

5:18 - Inflation is a big blind spot.

6:54 - Medical costs keep rising.

8:59 - Tax inc...

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July 1, 2021 14 min

Today on the podcast, we discuss the SECURE Act 2.0. While we have talked through the SECURE Act in the past, this is a whole new set of changes should it get passed. Which of these will play the biggest role in impacting your financial future?

 

Read more and get additional financial resources here: https://petersonfg.com/secure-act-2-0-what-to-know/ 

 

What we discuss on this episode: 

0:46 - What is the SECURE Act 2.0?

1:0...

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Are you avoiding meeting with an advisor? Let’s talk through some of those fears or doubts and help you overcome the hurdles to getting your financial plan in order.

 

Read more and get additional financial resources here: https://petersonfg.com/why-people-put-off-meeting-with-a-financial-advisor/ 

 

What we discuss on this episode: 

0:47 - Do you avoid going to a financial advisor?

1:29 - It might be expensive.

5:47 - They ...

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What emotions are you prone to fall for when investing? How can you overcome the emotional grip? Making investment decisions based on emotions can cause your plan to not be successful. Today we’ll find out primary emotions to look out for and what to do about them.

 

Read more and get additional financial resources here: https://petersonfg.com/emotions-that-drive-financial-decisions/ 

 

What we discuss on this episode: 

1:00 -...

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When should you use your IRA and how can it be best utilized? These three questions from the mailbag all mention their IRA as an option, but what does Eric have to say about all of these situations? Find out!

 

Read more and get additional financial resources here: https://petersonfg.com/mailbag-what-should-i-do-with-my-ira/ 

 

What we discuss on this episode: 

0:47 - Mailbag: Should I take money from an IRA or get a business ...

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June 3, 2021 12 min

Are you nervous about all the taxes you might have to pay in retirement? We talk through strategies you can implement now to reduce your taxes down the road.

 

Read more and get additional financial resources here: https://petersonfg.com/avoiding-the-tax-time-bomb/ 

 

What we discuss on this episode: 

0:46 - What are tax strategies to consider?

1:11 - Reducing the 401(k) contributions.

3:22 - If you don’t have a Roth option ...

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May 27, 2021 19 min

Are you looking at the future and wondering, “What if…?” We talk through several scenarios to see what may or may not be possible and how you can prepare accordingly. 

 

Read more and get additional financial resources here: https://petersonfg.com/the-what-if-game/ 

 

What we discuss on this episode: 

1:20 - What if… interest rates double?

3:24 - What if… married couples under 30 have one (or less) child per family?

6:31 - W...

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What kind of tax plans have been proposed lately? These plans may cause you to strategize differently when it comes to your financial plan.

 

Read more and get additional financial resources here: https://petersonfg.com/navigating-the-new-administrations-tax-plan/ 

 

What we discuss on this episode: 

1:08 - Top individual tax rates will increase.

3:50 - What happens when the corporate tax rate goes up?

5:42 - Long-term ca...

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May 13, 2021 10 min

On today’s episode of the Retirement Ready podcast, we check in to see how ready you really are. What sorts of things are you overlooking, and where do you need to stay better focused? Know all you need for retirement? Take this little quiz to see where you stand when it comes to retirement readiness.

 

Read more and get additional financial resources here: https://petersonfg.com/retirement-readiness-pop-quiz/

 

What we discuss...

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May 6, 2021 11 min

America’s pastime has been enjoyed by people of all ages for many, many years, but how much have you thought about baseball from a retirement planning perspective? Today we’ll explore the parallels between being successful in sport and finances.

 

Read more and get additional financial resources here: https://petersonfg.com/baseball-and-retirement-planning/ 

 

What we discuss on this episode:

1:40 – Home runs

4:35 – Data and ...

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Which of these financial opinions are really worth paying attention to? Eric shares ways to reframe and better understand these financial opinions and how they work in your financial plan.

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Read more and get additional financial resources here: https://petersonfg.com/unpopular-financial-opinions/?

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What we discuss on this episode:?

2:23 - What is the appropriate use of life insurance?

5:25 - Should you pay off the house ear...

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April 22, 2021 12 min

You may have heard of at least one if not all of these financial rules, but should you follow them? What do they really mean? On today’s episode of the podcast, we talk through four common rules of thumb when it comes to financial planning and what Eric advises about them.

 

Read more and get additional financial resources here: https://petersonfg.com/financial-rules-of-thumb/ 

 

What we discuss on this episode: 

1:51 - What’s...

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April 15, 2021 9 min

While financial planning has a lot of numbers involved, here are a few letters and abbreviations you should know, too. Eric explains several common financial abbreviations.

 

Read more and get additional financial resources here: https://petersonfg.com/financial-abbreviations-explained/ 

 

What we discuss on this episode: 

1:05 - What is an ETF? 

2:36 - Do you know what an RMD is?

4:22 - What about an RIA?

6:05 - What is an...

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We all hear retirement plans and opinions but does Eric agree with these? On this episode of the podcast we play a game of “agree or disagree?” with some commonly thought retirement planning statements. What do you think?

 

Read more and get additional financial resources here: https://petersonfg.com/do-you-agree-or-disagree-with-this-retirement-advice/ 

 

What we discuss on this episode:

0:58 - Should you pay off the house AS...

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When it comes to retirement, beyond the numbers, how do you want your life to look? Eric answers three questions from the mailbag this week that go beyond the basic financials and consider the retirement lifestyle and mindset listeners are most interested in pursuing.

 

Read more and get additional financial resources here: https://petersonfg.com/mailbag-can-i-sell-my-home-and-just-rent-in-retirement/ 

 

What we discuss on thi...

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Have you been procrastinating putting together a financial plan or do you have a sense of urgency? What events may prompt you to act quickly?

 

Read more and get additional financial resources here: https://petersonfg.com/what-creates-a-sense-of-urgency-with-your-financial-plan/ 

 

What we discuss on this episode: 

1:23 - The loss of a job creates a sense urgency.

3:29 - Do you have to make a decision about an early retirem...

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Another popular financial radio host and podcaster is Dave Ramsey. What does Eric have to say about Dave’s advice? Does he agree or disagree with the baby step program? Find out on today’s episode of the Retirement Ready podcast.

 

Read more and get additional financial resources here: https://petersonfg.com/should-you-follow-dave-ramseys-financial-advice/ 

 

What we discuss on this episode: 

1:40 - Should you use credit cards...

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