Financial Choices Matter

You might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you’ll be well on your way to a more prosperous financial life in the coming year. We will go over the first 11 resolutions on today's show.

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Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

0:34 - Main Topic: 22 Resolutions For 2022

2:24 - Reduce Your Debt

3:50 - Boost Your Retirement Savings

5:15 - Emergency Fund

6:18 - Don’t Overreact To Headlines

7:46 - Implement A Budget

9:08 - Meet With A Financial Professional

10:48 - Check Beneficiary Designations

12:24 - Have Tough Conversations

13:54 - Audit Your Insurance

15:19 - Refinancing Your Mortgage

16:44 - Get Organized

18:10 - What’s A Fiduciary?

Let’s look at the ways that some people try to cut corners in their retirement planning.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

0:38 - Thanksgiving

2:54 - Main Topic: Quit Cutting Corners In Financial Planning

3:33 - Getting Legal Documents In Place

6:53 - Not Getting Organized

8:57 - Avoiding Long Term Care Discussion

13:21 - Mailbag: Elizabeth Asks If She Should Rollover Her Pension Fund

16:41 - Mailbag: Mary Asks If It's Wise To Start Budgeting

To successfully complete a jigsaw puzzle, there are some strategies that you’ll want to keep in mind. And many of those same strategies apply to retirement planning.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

0:44 - Main Topic: Retirement Jigsaw Puzzle 

2:05 - The Big Picture

3:47 - Building The Framework

5:08 - Sorting Out Your Priorities

8:30 - End Game

11:34 - Mailbag: Wade Asks About Early Retirement

16:46 - Mailbag: Vicki Asks About Working In Order To Receive The Maximum Social Security Benefit

Having a good financial plan can help you resist some of the financial temptations that the average person will face. Let’s talk about some of these common temptations that we often see people fall victim to.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:15 - Big Purchases Before Retirement

5:21 - 401(k) Match

7:39 - Deferring Taxes

11:05 - Working Until You Die

13:14 - Relying On The Government

16:28 - Not Leaving The Kids Anything

19:22 - Roy Asks For Suggestions On How To Get His Spouse More Involved With Their Finances

Make sure you’re well-versed in these retirement income planning essentials before you head off into retirement.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

2:47 - Planning To Retire For Decades, Not Just Years

5:35 - The Rule Of 72

6:36 - Safe Investments

8:43 - Inflation

13:23 - Being Able To Narrow Down Information

16:22 - Self-Motivated

18:33 - Time To Work On Plan

There’s an old quote that says, “Age is the price of wisdom.” Let’s talk about how that applies to the financial world.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

Essentialism: https://amzn.to/3DI8Af5

Digital Minimalism: https://amzn.to/3DyHCX2

2:19 - Age, Wisdom, & Information

4:52 - Things We Wished We Had Known Sooner

6:39 - Do People Tend To Worry About Finances More, Or Less When Approaching Retirement?

8:50 - Leaving A Legacy

12:18 - Mailbag: Karen Asks If She Should Use A Robo Advisor

15:42 - Summer Reading

We are back after taking a short break for the summer. We catch up with what Charles has been up to all summer. We will also break inflation down with some simple examples.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

0:42 - Summer Break

2:55 - Definition Of Inflation

5:47 - Is It Temporary?

8:29 - Dealing WIth Inflation During Retirement

11:11 - Adding Tweaks To Your Plan

13:02 - Closing Thoughts

Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:21 - How Would Charles Would Advise Warren Buffett

4:53 - Your Social Security Is Taxable

6:05 - Taxes Will Likely Be Lower in Retirement

9:05 - Term Life Insurance Is Better Than Whole Life Insurance

11:14 - Medicare Will Cover Most Of Your Needs In Retirement

13:27 - The Older We Get, We Should Shift From Stocks To Bonds

17:34 - Mailbag: Andy Asks How Much Of Your Portfolio Is It OK To Have In One Stock

By ignoring the simplest fixes in your financial plan, you could be setting yourself up for a potential disaster. Don't wait until it's too late to make these changes.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:16 - Charles Shares His Picks For March Madness On The Men’s And Women’s Sides

3:04 - The Risk Of Having Out Of Date Legal Documents

5:06 - Not Correcting Beneficiary Designations

7:35 - Avoiding Tax Problems Of The Future

11:00 - Not Having A Plan For Long-Term Care Expenses

14:27 - Getting To Know You: What Is The Luckiest Thing That Has Ever Happened To You?

Let’s step into the classroom again to cover some financial buzzwords. Are these important to know? What are they? How do they impact you? We’ll answer those questions and more as we always look to educate you a little bit on the show.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:16 - Getting To Know: Favorite Restaurant?

3:07 - Main Topic: The Financial Dictionary

3:19 - The Go-Go Years 

4:55 - The High-Yield Bond/Junk Bond

7:08 - Index Fund

9:36 - Mailbag: Erin Asks About Financial Advisors Who Works Exclusively With High Net Worth Clients