Retirement Ready

When and how is the best way to do a 401(k) rollover? Eric discusses the benefits and details of doing a rollover.

Read and learn more: https://petersonfg.com/should-you-do-a-401k-rollover/

What we discuss:

0:47 - What are the main benefits of rolling an old 401(k) into an IRA?

5:41 - What are the tax implications of doing rollovers?

7:09 - Can you do a rollover while still working at that company?

9:06 - How do you know where to transfer it?

What can you do to spend with confidence now and in the future? Eric discusses what will ensure you feel good about your financial decisions and spending habits.

Read and learn more: https://petersonfg.com/spending-with-confidence/

What we discuss:

0:49 - What does Bill Murray say about taxes?

2:03 - How do we get around the nerves in retirement?

4:20 - What does your budget do?

5:53 - How do you overcome a lack of confidence?

How can you know just what you need? Eric talks through four different financial scenarios to help you get a better idea of what you need to consider and feel confident in your decisions.

Read and learn more: https://petersonfg.com/how-much-you-need/

What we discuss:

1:35 - How much income will I need in retirement?

4:43 - How much do you need in savings?

6:40 - How much life insurance do you need?

8:53 - How much risk should you have?

What are some of the most frequently asked questions when it comes to a 401(k)? There can be a lot to a 401(k) so we’ll help you plan correctly.

Read and learn more: https://petersonfg.com/common-401k-faqs/

What we discuss:

1:11 - Company plan offers advice for a low fee, should I take it?

4:04 - Do I put as much as I can in or just up to the match?

6:03 - Should I use target-date funds?

7:16 - Is a 401(k) loan a bad idea?

Maybe you know you want to work with a financial advisor but don’t know how to determine which one is best for you. Where do you start? What should you look for?

Read and learn more: https://petersonfg.com/how-do-you-pick-a-financial-advisor/

What we discuss:

0:47 - How do you know when picking an advisor if it’s the right fit?

3:31 - Big name is not always better.

5:52 - Ask for clarification.

7:51 - It’s not just about the financial income.

If you have a financial setback, how can you find the upside in the situation? We talk through four major financial upsets that could actually be an opportunity in disguise.

Read and learn more: https://petersonfg.com/finding-the-silver-linings/

What we discuss:

0:46 - What’s the silver lining in a market downturn?

2:47 - What’s the bright side of capital gains?

5:01 - What are the pros and cons of a savings account?

6:36 - How do you find a silver lining in job loss?

What financial rewards are worth waiting for? We talk through three sets of options to determine whether delayed or instant gratification is better in retirement. 

Read and learn more: https://petersonfg.com/delayed-gratification-in-retirement-planning-2/

What we discuss:

1:12 - Relief with the household budget vs. the getting 401(k) match. 

3:30 - Tax deduction now vs. better tax planning for the future.

7:41 - Take Social Security at 62 or delay it?

What kind of lies do you need to watch out for when it comes to your finances? Eric shares the truth you need to know in these five financial situations. 

Read and learn more: https://petersonfg.com/two-truths-and-a-lie/

What we discuss:

1:23 - Which beats out inflation?

2:37 - Who does rising interest rates hurt?

3:55 - Emergency funds should be what?

5:35 - Market crashes are most problematic when?

8:03 - Social Security could change how?

Are your expectations of retirement realistic? We talk through four things to keep in mind when you dream about your retirement future.

Read and learn more: https://petersonfg.com/retirement-reality-checks/

What we discuss:

0:46 - How can we manage expectations?

4:16 - Account for a change in expenses.

8:01 - You need to be flexible.

8:56 - Ask for help.

Think you’ve figured out the secret to beating the system when it comes to your finances? What financial lies might you be telling to yourself and how can you overcome them?

Read and learn more: https://petersonfg.com/financial-lies-we-tell-ourselves/

What we discuss:

1:00 - How often do people borrow money from their 401(k)?

2:42 - The stock market seems rigged.

5:04 - Isn’t the bank the safest place?

7:05 - Maybe I’ll get more serious about investing next year.

9:44 - We’ll take care of each other when we’re older.