A lot of times, when you consider what is happening with your money, questions arise. Instead of letting those questions serve as a mental roadblock, ask a qualified financial professional. You may be surprised at what you hear! Or, you may feel validated that you are headed the right direction. On today’s show, Eric answers three questions from listeners.

Here’s some of what we discuss in this episode:

• Mailbag: How much money do you need to qualify for a continuing care community?

Get in touch with the Peterson Financial team: https://petersonfg.com/

Why is retirement planning different than the “good old days” that our parents and grandparents experienced? This is one of those cases where you most likely can’t follow the same plan as previous generations and expect it to work out the same. Things like pensions, Social Security, and even RMD age have changed. Is your financial plan set up accordingly or is it in need of some changes to match?

Here’s some of what we discuss in this episode:

• Pensions were a staple of retirement plans back in the day.

Get in touch with the Peterson Financial team: https://petersonfg.com/

When is the perfect time to retire? One question from the mailbag asks whether retiring now or in two years will make a big difference. Stay tuned as Eric answers this listener question and more in this week's show. 

Here’s some of what we discuss in this episode:

• Mailbag: I’d like to retire soon, but how big of a difference will it make now or in two years?

Get in touch with the Peterson Financial team: https://petersonfg.com/

More than likely, you’ve heard about financial commentator, Dave Ramsey. Today, we talk about some of Dave’s core beliefs and how they may differ from those of a licensed financial advisor. While Dave’s tips and baby steps have helped people, it’s worth taking some of his advice with a grain of salt. 

Here’s some of what we discuss in this episode:

• Should you cut up your credit cards?

Get in touch with the Peterson Financial team: https://petersonfg.com/

Every day you have to make choices about your money. What to spend it on, when to save, and how to manage it well. We tackle three questions from the mailbag today from people facing a financial decision. From learning how to take care of the household finances after one spouse passes to deciding about helping a child pay for college, Eric can help point clients in the right direction.

Here’s some of what we discuss in this episode:

• Mailbag: What financial things do I need to consider after my spouse has passed?

Get in touch with the Peterson Financial team: https://petersonfg.com/

What does the voice of greed sound like? We hear a lot in the financial space, some of it sound advice, and some of it just plain greedy (and even risky). There’s a time and a place for risk, but it comes down to planning. Not all of your money should have the same risk profile. Working with a financial advisor can help you determine how much risk is good vs. having safety.

Here’s some of what we discuss in this episode:

• The market’s doing great, it’s a good time to invest!

Get in touch with the Peterson Financial team: https://petersonfg.com/

Sometimes we fall into playing the guessing game when it comes to our finances. For instance, how much do you really need in retirement? Instead of grabbing at arbitrary numbers, first think about how much you spend. Some of your expenses may change in retirement compared to your working years, but plan for your needs based on your expenses and your goals.

Here’s some of what we discuss in this episode:

• How much will you need in retirement?

Get in touch with the Peterson Financial team: https://petersonfg.com/

When you retire, you have to be strategic about what you do with your money. In today’s show, Eric answers three questions from the mailbag about how to make the best financial decision possible with your money once you’re retired. 

Here’s some of what we discuss in this episode:

• Mailbag: What’s the maximum income I can have in retirement without paying taxes?

Get in touch with the Peterson Financial team: https://petersonfg.com/

There are some common questions that come up around inheritance, so today we are going to tackle a few! Whether you have recently inherited or want to set up your estate in a way that makes it easier on your beneficiaries, there’s something for you to learn in today’s show.

Here’s some of what we discuss in this episode:

• Should my mom sign the house over to me before she dies?

Get in touch with the Peterson Financial team: https://petersonfg.com/

There are so many different ways to approach the subject of financial planning. In light of the holidays, we wanted to have a little fun and compare some Christmas classic songs with financial lessons.

For starters, as you sing about Rudolph, it’s easy to see now what a great asset he had in that shiny bright nose. What financial tools are underrated and a better asset than you originally thought? Or, what happens after grandma gets run over by a reindeer? Did she have a financial plan in place?

Here’s some of what we discuss in this episode:

• The “12 Days of Christmas” is a story of compounding.

Get in touch with the Peterson Financial team: https://petersonfg.com/