Retirement Ready

How can the words of Winston Churchill help you in your financial life? We apply some of his quotes to your financial decisions in today’s podcast.

Read more and get additional financial resources here: http://petersonfg.com/financial-planning-lessons-from-winston-churchill/ 

What we discuss on the show: 

1:14 - “We shape our dwellings and afterwards our dwellings shape us.”

2:57 - “We must be aware of needless innovations…”

5:12 - “The problems of victory are more agreeable than those of defeat…”

7:08 - “The farther backward you can look, the farther forward you can see.”

Why does Eric do what he does? What’s his history and what are his passions? Find out on today’s episode of the podcast.

Read more and get additional financial resources here: http://petersonfg.com/why-eric-loves-working-as-a-financial-advisor/ 

What we discuss on this show:

0:46 - Why does Eric do what he does?

1:19 - Who and what has shaped Eric’s view on wealth?

5:52 - What was the transition from insurance to financial planning like?

7:52 - What would Eric change about the industry?

Why should you have a customized financial plan? What do you need to consider and what goals help you build an outline for your plan? Join us as we talk about what goes into the process of setting someone up for a secure future.

Read more and get additional financial resources here: http://petersonfg.com/what-goes-into-a-customized-financial-plan/ 

What we discuss on this show: 

1:20 - What is the planned retirement age?

3:47 - What is your lifestyle and income needs?

5:21 - What is your risk tolerance?

7:21 - Does health history factor in?

9:22 - Will you leave a legacy?

Certain financial documents might seem like they can be put off for now. But when you need them, it’s important to be prepared ahead of time! Do you have all of these things in place?

Read more and get additional financial resources here: http://petersonfg.com/things-that-dont-matteruntil-they-do/ 

What we discuss on this show: 

0:47 - Let’s play a game!

2:01 - Do you have legal documents prepared?

5:06 - Have you thought about long-term care protection?

7:22 - What can life insurance do for you?

9:03 - What sort of lifetime income streams do you have?

When common sense isn’t followed, what does that look like? What common sense should we adhere to when it comes to financial planning?

Read more and get additional financial resources here: http://petersonfg.com/uncommon-sense-in-financial-planning/ 

What we discuss on the show: 

1:06 - Buy low, sell high. 

3:13 - Don’t pay more in taxes than you have to.

5:16 - Keep costs low.

7:33 - Diversify your assets.

We’ve all been to the doctor at some point, so how is it like working with a financial advisor? We compare the similarities on today’s podcast!

Read more and get additional financial resources here: http://petersonfg.com/visiting-the-financial-doctor/ 

What we discuss on this show: 

0:50 - What lessons can you learn from a visit to the doctor?

1:04 - It’s important to get a checkup, especially as you’re aging.

2:44 - Are you trying to deal with it yourself or getting a prescription for help?

5:20 - Different doctors have different specialties. 

7:42 - Make sure you have the right fit for you.

When is a good time to withdraw from an annuity and what should you know ahead of time? Eric answers this and two other questions from the mailbag in this week’s podcast.

Read more and get additional financial resources here: http://petersonfg.com/mailbag-should-i-withdraw-from-an-old-annuity/ 

What we discuss on this show: 

0:50 - Mailbag: Should I withdraw from an old annuity?

4:02 - Mailbag: Should I pay off a student loan that has no interest or payments due?   

6:04 - Mailbag: What will be taxable after being furloughed and on unemployment?

From million-dollar retirement benchmarks to presidential election fears or predictions, have you heard these through the grapevine? Eric shares what he thinks about these three financial rumors.

Read more and get additional financial resources here: http://petersonfg.com/heard-it-through-the-grapevine/ 

What we discuss on this show: 

1:47 - Well I heard…you have to have at least $1 million to retire.

2:34 - What happened when one client aimed for $1 million?

4:08 - Well I heard…you should start Social Security as early as you can.

6:26 - Well I heard…the market will tank if Trump loses.

Ever hear something and think, could that be true? Some of these financial concepts are fact and some are fiction--do you know which is which?

Read more and get additional financial resources here: http://petersonfg.com/is-this-retirement-fact-or-fiction/ 

What we discuss on this episode:

1:04 - Fact or Fiction: Social Security is taxable. 

3:18 - Fact or Fiction: Your taxes will likely be lower in retirement.

5:24 - Fact or Fiction: Term life insurance is better than whole life insurance.

7:37 - Fact or Fiction: Medicare will cover most of your medical needs in retirement.

9:30 - Fact or Fiction: As we get older, we should shift from stocks to bonds.

You might feel great about where you stand financially but there’s a chance you could be flirting with disaster. We’ll tell you about three key areas where people make mistakes in their planning that can end up causing major financial problems in retirement.

Read more and get additional financial resources here: http://petersonfg.com/are-you-flirting-with-financial-disaster/ 

On today's show: 

0:58 - Out of date legal documents

2:43 - An article showing the importance of updating documents. 

4:06 - If you’re not thinking about long-term tax planning

7:21 - No plan for long-term care expenses.