Retirement Ready

This or That Financial Debates – Debt, Mortgages, Life Insurance & Mutual Funds


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This or that? Depending on who you listen to, you may have heard a variety of opinions on these financial debates. Eric shares his thoughts on debt, mortgages, life insurance, and mutual funds.

To learn more and to see the show notes, click here. ----more----

Take a look at the full rundown for this episode:

1:06 – IN THE NEWS: STUDENT LOAN DEBT

  • Bernie Sanders wants to forgive about $1.6 trillion in student loan debt. Is this a good idea or realistic?
  • Who is going to pay for it?
  • The first rule you should learn about taking out loans.
  • Eric gives his take on the topic.
  • 3:55 – PAY OFF DEBT OR BUILD UP SAVINGS?

    • Both are important but here’s how you treat yourself.
  • Strategy you should use in your life.
  • 5:00 – KEEP A MORTGAGE OR PAY OFF HOUSE AS QUICKLY AS POSSIBLE

    • Why do people say mortgage debt ‘better’ than other types of debt?
  • Eric shares a client example of someone wanting to pay off their mortgage with retirement account money.
  • Is it advantageous to refinance?
  • 7:11 – TERM LIFE INSURANCE VS PERMANENT LIFE INSURANCE

    • What is term life insurance?
  • When would term life benefit you?
  • What type does Eric carry?
  • What is permanent life insurance?
  • Both have advantages and disadvantages.
  • 8:54 – MUTUAL FUNDS: GOOD OR BAD?

    • What can mutual funds provide and are they still as solid as they used to be?
  • Are exchange-traded funds better?
  • With mutual funds, the actions of others can impact you.
  • ...more
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    Retirement ReadyBy Eric Peterson

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