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Retirement Ready

Podcasts

Financial and retirement planning guidance from Des Moines' Eric Peterson of Peterson Financial Group.

Location:

United States

Genres:

Podcasts

Description:

Financial and retirement planning guidance from Des Moines' Eric Peterson of Peterson Financial Group.

Language:

English

Contact:

9193781410


Episodes

Villains of the Financial World

3/14/2024
In movies, there are all-time classic villains like Darth Vader or the Wicked Witch of the West. When it comes to the financial world, what kind of villains should you look out for? Just like some of these cinematic villains, some of these financial elements may have a bit of nuance and history that can make it hard to label them all good or all bad. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:45

Uses for Life Insurance

3/7/2024
When you’re younger, life insurance is often thought of as an income replacement as needed. But as you get older and into retirement, you might find other uses for life insurance. When thinking ahead for your estate and how it passes to beneficiaries, life insurance can prove to be a useful tool. Currently, the proceeds from life insurance are tax-free. How does that change how you include it in your financial plan? Eric outlines some of the options and benefits life insurance can provide. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:13:03

Understanding Financial Risk

2/29/2024
What kind of risks do you take in your financial life? As you get less comfortable with things like climbing up ladders and riding on skateboards, you might also become less financially risky. When you enter retirement, how you view your money in the market changes significantly from your working years. It’s important to look at your portfolio to ensure your investments match your risk tolerance. Eric and his team use a risk analysis with prospective clients to help them understand what you have and how exposed you are to risk. From there, you can better make adjustments according to your risk tolerance and financial plan to put your mind at ease. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:40

Mailbag: What Financial Advice Should I Share with My Grandchild?

2/22/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:14:28

The Good Old Days

2/15/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:11:14

Mailbag: When Should I Retire?

2/8/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:13:36

Discussing Dave Ramsey and His Core Beliefs

2/1/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:14:30

Mailbag: What Should I Do With My Inheritance?

1/25/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:36

The Voice of Greed

1/18/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:15:24

The Financial Guessing Game

1/11/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:53

Mailbag: Should I Pay off my Daughter’s College Loan?

1/4/2024
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:13:50

Inheritance FAQ

12/28/2023
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:16:46

Financial Lessons from Christmas Songs

12/21/2023
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: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:13:37

Questions That Are Hard to Answer

12/14/2023
When you sit down to talk about your finances, sometimes you run into a question that stumps you. Even if you can’t fully answer the questions, it’s still important to consider these when financial planning. For instance, no one really knows when the next market crash will hit. We can, though, consider what caused market crashes in the past and then set up your financial plan strategically to account for the possibility of a crash in the future. Stay tuned as we chat about some financial questions that are hard to answer and how we navigate these questions in the world of planning. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:15:53

Things Your Financial Advisor Might Not Be Doing

12/7/2023
Sometimes people get advice from financial “professionals” who maybe aren’t the right fit for their needs. Today, we discuss some of the things your advisor might not be talking to you about. If you’re getting value for the fees you’re paying then that’s one thing. But if you’re not getting your needs met by your financial advisor, it might be time to find the right advisor for you. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:13:56

Tax Consequences

11/30/2023
Taxes are a major part of your life, especially your life in retirement. Having a good understanding of how you can prepare may save you in the long-run. Discussing your options with a financial advisor can help point you in the right direction. A big part of the conversation will be about deciding how to best save in a 401(k) or a Roth 401(k). But you also need to consider the outcomes and limitations on things like taxable accounts or even life insurance. Stay tuned as we discuss all things tax consequences in today's episode. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:54

Cutting Corners Financially

11/21/2023
Sometimes we want to take the easy way out instead of the smarter way. Today, we talk about ways people have tried to cut corners financially and where that falls apart. Remember, having a plan and understanding what’s in it can save you a lot of heartache later on. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:15:23

Risk Aversion

11/16/2023
No one loves losing money. So how do you strike the right balance of investing vs. being overly risk averse? Eric talks through how he guides clients through this dilemma. You might be surprised to find out your investment accounts are riskier than you realized! Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:59

Tax Planning in Retirement

11/9/2023
Next to income, tax planning is the most important thing Eric focuses on with his clients. If you can control how much tax you pay, it’s more money you get to keep, spend, and enjoy. Retirement is a prime time to focus on tax planning as you have more opportunity to control the taxes you owe. Listen in as we talk about tax planning in retirement! Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:12:09

Overconfidence in Your Financial Life

11/2/2023
When can overconfidence cause catastrophe? If you are setting your financial goals based on a rule of thumb or a certain arbitrary dollar amount, you might want to reconsider. Having overconfidence, especially in the wrong things, can lead to financial disaster. Here’s some of what we discuss in this episode: Get in touch with the Peterson Financial team: https://petersonfg.com/

Duration:00:13:23