Financial Choices Matter

We often see people making certain assumptions about retirement that just aren’t correct. Let’s explore some of those on today's show.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:07 - Headline: General Motors Selling Only Electric Vehicles By 2035

4:42 - Main Topic: Never Make Assumptions

5:16 - I’ll Spend Less In Retirement

8:08 - My Taxes Will Be Lower In Retirement

10:19 - Helping Children

13:01 - I’ll Never Be Able To Retire

16:01 - Boe Asks If He Can Leave His Entire 401(k) To His Son

We run through the laundry list of top concerns that many retirees and pre retirees have. Charles discusses how he address them and what is the underlying theme that is causing those concerns.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

2:04 - Main Topic: Client Concerns

2:17 - What Are Some Top Concerns?

4:01 - Dog Analogy

8:00 - Wall Street Has Set Low Expectations

14:00 - Elon Musk’s Recent Rise In Wealth

What’s the most interesting thing in the investment world? We talk about the concept of innovation causing disruption in various industries, what that means and why it might be something worth paying attention to.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:46 - Main Topic: Innovation Causing Disruption

3:22 - Ecommerce

5:53 - Interesting Statistics

11:21 - People Don’t Like Change

Have you ever stopped to think about your journey of learning all that you have about money and finances? Did you parents shape your financial views most heavily? Is there a TV or radio expert that has influenced you most? Or have you learned everything from a book or Google?

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

2:13 - Main Topic: Retirement Statistics

2:30 - 17% Of American Workers Are Confident They Can Retire

5:04 - The Average 65 Year Old Woman Has A Life Expectancy Of 20.7 More Years

8:00 - 16.5% Of Our Country’s Population Is 65+

11:09 - The Average Retiree Faces Around 300K Of Out Of Pocket Medical Expenses

12:39 - 20% Of People Have Had A Written Plan Done

16:12 - Getting To Know: Who Besides Your Parents, Taught You The Most About Life?

Have you ever stopped to think about your journey of learning all that you have about money and finances? Did you parents shape your financial views most heavily? Is there a TV or radio expert that has influenced you most? Or have you learned everything from a book or Google?

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

2:01 - Main Topic: Where All My Financial Knowledge Comes From

2:35 - Financial Celebrities

6:39 - Best Financial Books

9:34 - Family Members

10:26 - What Got Charles Into The Financial Realm?

11:38 - Is Technology Helping, Or Hurting?

13:44 - Favorite Economist?

15:46 - Diana Asks If Life Insurance Is A Legitimate Retirement Strategy

There are many more risks to guard against in retirement planning than most people realize. Let’s explore some of the planning risks we all face and how to prepare for them.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:38 - Main Topic: The Different Types Of Risk

2:17 - Market Risk

3:29 - Inflation Risk

5:01 - Tax Rate Risk

5:44 - Longevity Risk

10:04 - Mailbag: Ellen Asks If She Should Refinance Her Mortgage

15:24 - Getting To Know You: How Did You Decide On Your Children’s Names?

Let’s explore some of the things you should be thinking about and checking on as we wrap up 2020 and begin 2021.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

2:40 - Main Topic: End Of Year Planning

2:55 - Should We Be Maxing Out Our Retirement Contributions?

3:48 - Reviewing The CARES Act

5:04 - Tax-Loss Harvesting

5:33 - Evaluating Tax-Deductible Charitable Contributions

7:45 - Roth Conversions

10:05 - What’s A CFP & RIA?

14:07 - Mailbag: What’s Your Opinion On Flipping Houses As An Investment Strategy?

Want to grade your preparedness for retirement? Here are five key questions you need to ask yourself. Your answers will help determine how ready you are for retirement.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:29 - Main Topic: Retirement Preparedness Quiz

1:58 - Do You Know How Much You Have?

3:46 - Do You Know How Much You Spend?

6:05 - Do You Know How Much Risk You Have?

10:20 - Do You Know What You’re Paying In Fees?

12:44 - Do You Know What Your Retirement Income Streams Will Look Like?

16:30 - Getting To Know You: What’s Something You Look Back On And Say, “What Was I Thinking?”

If you look up quotes about diversification from famous investors, you might come across one from renowned investor Warren Buffet that will certainly raise your eyebrows. It goes, “Diversification is protection against ignorance. It makes little sense if you know what you are doing.” Yet, we’ve always heard about diversification being one of the keys to success for retirement planning. How can these seemingly different ideas both be right?

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:29 - Main Topic: Is Diversification For Suckers?

2:33 - How Does The Average Person Usually Define Diversification?

4:40 - Charles’ Perspective On Diversification

7:00 - How Much Does Charles See The Average Investor Placing An Emphasis On Diversification

8:00 - Is It Possible To Be Too Diversified?

11:58 - Mailbag: Diane Asks About Self-Insuring For Long-Term Care

This episode is all about addressing the most frequently asked questions about 401(k)s.

Contact:

Phone Number: 480-513-1830

Website: https://pelletoncapital.com/

1:30 - Main Topic: 401(K) FAQs

1:49 - Taking A 401(K) Loan

4:13 - Roth Option

6:15 - Finding The Right Advisor

10:52 - Mailbag: Sally Asks If She Is Eligible For Half Of Her Ex-Husband’s Social Security Benefit