Retirement Ready

Many investors focus on market performance but overlook one of the biggest threats to their long-term wealth: hidden fees. These costs—often buried within mutual funds, annuities, and trading expenses—can quietly erode your retirement savings over time. In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.

Here’s some of what we discuss:

💰 Mutual Fund Costs – Expense ratios are just the beginning. Learn how trading fees and taxes could be taking an extra 2.5% from your returns.

🏇 The Heavy Jockey Effect – Variable annuities may seem safe, but their high fees can weigh down your investments like a jockey too heavy for his horse.

📉 Market Downturns & Hidden Costs – How volatile markets can amplify the impact of these fees on your portfolio.

🛡️ Smart Strategies – Discover how tax-protected accounts like IRAs and 401(k)s can help mitigate unnecessary expenses.

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

What do Monopoly, Trivial Pursuit, Candy Land, and Risk have in common with retirement planning? More than you might think! In this episode, Eric breaks down the surprising financial lessons hidden in classic board games, offering valuable insights to help you navigate your retirement strategy.

From the asset management lessons of Monopoly to the strategic thinking required in Risk, these games mirror real-life financial decisions. Just as in Trivial Pursuit, where players must collect wedges in different categories, a well-rounded retirement plan requires knowledge of investments, Social Security, Medicare, and tax strategies. And if you’re relying on luck—like in Candy Land—rather than a solid financial plan, you might be in for a rude awakening.

Eric also explores how risk management and retirement readiness reviews can give you a clearer financial picture, helping you avoid costly missteps.

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

🎩 Monopoly & Money Management – Avoid financial ruin by understanding asset allocation and risk.

🧠 Trivial Pursuit & Retirement Strategy – Build a well-rounded plan with investments, Social Security, and Medicare.

🎲 Candy Land & Investing Mindset – Luck won’t cut it—why strategic planning beats wishful thinking.

⚔️ Risk & Financial Defense – Balance offense and defense in your investment approach.

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

Join us as we answer questions about the challenges of downsizing, the emotional aspects of planning for family gatherings, and the realities of transitioning into a financial advisory career. Whether you're a grandparent considering a new home or a professional seeking a career change, this episode will hopefully cover something that might impact your retirement.

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

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

On this episode, Eric dives into the complexities of crafting a personalized retirement strategy. While many face the same general retirement concerns, each individual’s situation is unique, requiring tailored solutions.

We’ll explore real-life scenarios like age gaps and separate finances, highlighting the specific challenges people encounter when planning for the future.

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

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

Anyone with children knows that they will have a huge impact on your money, and retirement planning is no different. There are family dynamics that impact decisions you’ll need to make during the planning process.

As many nearing retirement age are discovering, adult children and grandchildren can significantly influence financial strategies, making it crucial to understand how to navigate these relationships effectively.

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

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

Financial advisors wear a lot of hats, but one role you probably didn’t expect us to play is a counselor or therapist. That happens more than you would imagine because we help couples communicate about money and have conversations that they might not normally have at home.

This episode is focused specifically on the planning we do with couples with insights on how we help them navigate tricky conversations about money and retirement.

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

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

Retirement is often viewed as a golden era of relaxation and enjoyment, but it can also be riddled with misconceptions that can lead to financial pitfalls. Many people fall into the trap of wishful thinking when it comes to what they expect will happen in retirement, but a successful retirement isn’t built on hope and assumptions. In this episode, Eric sheds light on these common myths and offers practical strategies for effective retirement planning.

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

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

Retirement is a time for relaxation, exploration, and enjoying the fruits of years of hard work. However, for many, the transition from saving to spending can be a daunting challenge. It’s a common dilemma that we’ll discuss in this episode while offering up insightful strategies to help retirees spend with confidence.

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

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

In the latest episode of Retirement Ready Podcast, Eric pulls back the curtain on some of the most common financial half-truths that many retirees and investors encounter. As someone gearing up for retirement, it's crucial to have a clear understanding of these financial nuances to ensure your strategy is both effective and resilient.

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

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

The 401k is the most common way that people save for retirement, which is why we get a lot of questions on the show and in the office about this employer-sponsored plan. You want to take full advantage of your 401k when you’re working, but there are some intricacies that you might not even be aware of. This episode will tackle those frequently asked questions and break down the areas that people are most curious about.

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

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