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13 minutes | 9 days ago
The Retirement Hierarchy of Needs
Retirement about more than just the money. Today we talk through Maslow’s hierarchy of needs to make sure your financial plan will support each tier in retirement. Read more and get additional financial resources here: http://petersonfg.com/the-retirement-hierarchy-of-needs/ What we discuss on this show: 0:47 - What are Maslow’s hierarchy of needs? 1:09 - What physical needs do you need to cover in retirement? 3:01 - What does it look like to have safety and security with your money? 5:37 - Your need for belonging will look different in retirement. 7:41 - What sort of feeling of accomplishment can you find? 9:13 - What does self-actualization look like as a retiree?
13 minutes | 14 days ago
Financial Planning and Gun Safety
What safety measures do you use when you own a gun? Are you implementing similar tactics with your financial plan? Read more and get additional financial resources here: http://petersonfg.com/financial-planning-and-gun-safety/ What we discuss on this show: 1:15 - How does gun safety relate to financial planning? 2:03 - Why take unnecessary risk? 4:00 - Keep your ammunition separate from your guns. 5:48 - Understanding education vs. entertainment. 9:20 - Use a safe.
11 minutes | 21 days ago
Mailbag: Do I Really Need All of These Life Insurance Policies?
Do you need as much life insurance as you have? Or should you factor in eventual inheritance money when deciding when to retire? Eric answers three questions from the mailbag in this week’s podcast. Read more and get additional financial resources here: http://petersonfg.com/mailbag-do-i-really-need-all-of-these-life-insurance-policies/ What we discuss on this show: 0:46 - Mailbag: Can I retire early and count on inheritance money coming later? 3:59 - Mailbag: Do I need this much life insurance? 6:56 - Mailbag: Should I pull from savings before Social Security in retirement?
12 minutes | a month ago
Facing the Villains in the Financial World
Do you have a favorite movie villain? We talk about three classic roles and explain how they compare to the villains you may encounter in the financial world. Read more and get additional financial resources here: http://petersonfg.com/facing-the-villains-in-the-financial-world/ What we discuss on this show: 1:37 - What is the Darth Vader in the financial world? 4:14 - The Wicked Witch of the West will do whatever she can to get the ruby slippers. 6:52 - Ivan Drago from Rocky IV was almost robotic in his approach.
11 minutes | a month ago
Financial Planning Lessons From Winston Churchill
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.”
11 minutes | a month ago
Why Eric Loves Working as a Financial Advisor
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?
13 minutes | 2 months ago
What Goes Into a Customized Financial Plan?
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?
12 minutes | 2 months ago
Things That Don’t Matter…Until They Do
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?
11 minutes | 2 months ago
Uncommon Sense in Financial Planning
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.
11 minutes | 2 months ago
Visiting the Financial Doctor
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.
10 minutes | 3 months ago
Mailbag: Should I Withdraw from an Old Annuity?
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?
11 minutes | 3 months ago
Heard It Through The Grapevine?
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.
13 minutes | 3 months ago
Is This Retirement Fact or Fiction?
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.
12 minutes | 3 months ago
Are You Flirting with Financial Disaster?
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.
13 minutes | 3 months ago
How To Pack Your Financial Suitcase
When you go on a trip, a lot of times it helps to refer to a packing list to make sure you have everything. When putting together a financial plan, do you have everything in order? Let’s talk about what you need to put into your financial suitcase. Read more and get additional financial resources here: http://petersonfg.com/how-to-pack-your-financial-suitcase/ On today's show: 0:46 - Where can Americans travel right now? 3:22 - How can we be sure we’ve packed efficiently? 5:02 - How do you deal with “lost luggage” in the financial world? 7:56 - How do you protect your assets?
12 minutes | 4 months ago
What Is Your Retirement Mindset?
When it comes to retirement, where are you at? If you’re getting closer to retirement, it may help to understand your current mindset in order to know how best to proceed. Read more and get additional resources here: http://petersonfg.com/what-is-your-retirement-mindset/ On today's show: 0:54 - How would you describe your mindset? 1:28 - Do you feel like retiring now but not sure if you’re ready? 3:22 - Do you wonder how much you need to save before retirement? 5:10 - Are you waiting until you hit $1 million before retirement? 7:15 - Do you think retirement sounds boring?
13 minutes | 4 months ago
Financial Crisis or Financial Opportunity?
From market crashes to empty nests, we discuss different situations that may be first viewed as a crisis. But is it really an opportunity in disguise? We will explore both sides today on the podcast. Read more and get additional financial resources here: http://petersonfg.com/are-you-facing-financial-crisis-or-financial-opportunity/ On today's show: 1:22 - Is empty nest syndrome a crisis or opportunity? 4:55 - Is there an upside to market downturns? 6:56 - How should you view long-term care insurance rate hikes? 9:11 - What is the opportunity in getting laid off?
12 minutes | 4 months ago
Making The Right Decisions With Your 401(k)
Are you wondering what to do with your 401(k)? How can you make sure this investment is set-up well to suit your needs? Let’s answer some of the most common questions regarding this popular retirement account. Read more and get additional financial resources here: http://petersonfg.com/making-the-right-decisions-with-your-401k/ On today's show: 1:04 - Is free advice worth taking? 3:10 - Is it a good or bad idea to take a loan out on a 401(k)? 4:45 - When should you do a 401(k) rollover? 7:00 - Should you use target date funds? 9:15 - Which is better: Roth or Traditional 401(k)?
12 minutes | 4 months ago
Which TV Character Describes Your Financial Personality?
What kind of classic TV personality do you most relate with when it comes to handling your finances? Are you more like Gilligan or Barney Fife? Find out on today’s podcast! Read more and get additional financial resources: http://petersonfg.com/which-tv-character-describes-your-financial-personality/ Today's show schedule: 1:08 - Jed Clampett from the Beverly Hillbillies got rich quick. 3:55 - Fred Mertz from I Love Lucy was always looking for the cheapest solution. 6:11 - Barney Fife felt big dreams were attainable. 8:06 - Gilligan has terrible luck on Gilligan’s Island.
12 minutes | 5 months ago
Financial Pet Peeves
What little (or not little) things get under your skin when it comes to financial planning? Are they the same pet peeves as Eric’s? Find out on today’s podcast! Read more and get additional financial resources here: http://petersonfg.com/financial-pet-peeves/ Today's show schedule: 1:11 - Pet peeve: Hidden fees. 3:11 - Pet peeve: Advisors who work more as a salesman. 5:16 - Pet peeve: One-size-fits-all. 6:48 - Pet peeve: Jargon without explanation. 7:55 - Pet peeve: Massive financial plans.
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