The Pete the Planner® Show

IBJ Media Podcast Network
  • 4.6 (249)
  • Investing
  • Updated Weekly

Discussing money can be emotionally charged, but not here on the Pete the Planner® Show where Personal Finance Expert, former comedian, and author Peter Dunn breaks down personal finance with humor, practical advice, and real-life scenarios to help you make smarter money moves. Pete and his co-hosts Kristen and Damian lead a guilt-free discussion of budgeting, investing, retirement planning, and any number of other topics meant to help you thrive in the present and future. Part of the IBJ Media Podcast Network.

  1. The 2.75% mortgage trap: When a great interest rate keeps you stuck

    Jun 18

    The 2.75% mortgage trap: When a great interest rate keeps you stuck

    This week, we tackle one of the biggest financial dilemmas facing homeowners today: what do you do when your life outgrows your house, but your mortgage rate is too good to give up? A listener and her husband are raising two kids, both working from home, caring for aging parents, and trying to decide whether moving from a $600,000 home into a $750,000 home makes financial sense. The challenge? Their current mortgage rate is an almost mythical 2.75%, with just 14 years remaining until payoff. On paper, the move appears affordable. A larger home would increase their monthly payment from roughly $2,200 to $3,500, but an upcoming increase in income could largely offset the difference. Still, walking away from a low-rate mortgage feels financially painful. In this episode, we break down: Whether their math actually works Why "can we afford it?" and "should we do it?" are different questions The psychological power of a low mortgage rate How to think about future interest rates without trying to predict them The hidden cost of staying in a house that no longer fits your life Why some homeowners have become prisoners of their own great refinancing decisions When remodeling makes sense—and when it's just a way to avoid making a decision Plus, Pete explores the concept of the "mortgage trap": the strange modern reality where millions of Americans have become financially anchored to homes they may have otherwise outgrown. Is giving up a 2.75% mortgage rate a financial mistake—or is it simply the price of moving into the next stage of life? This week's episode is about the tension between optimizing money and optimizing your life. Sometimes those two things aren't the same.

    56 min
  2. The strange reality of the brand new Trump accounts

    Jun 11

    The strange reality of the brand new Trump accounts

    The government wants to give newborns a $1,000 investment account. Depending on who you ask, it's either a bold step toward building generational wealth or a cleverly branded headline with limited real-world impact. This week, we're breaking down the new Trump Accounts: who qualifies, how they work, and whether they're actually a game changer for American families. We'll run the numbers to see what a single $1,000 investment at birth can become over a lifetime, examine whether the accounts help close the wealth gap or widen it, and compare them to existing options like 529 plans and Roth IRAs. Most importantly, we'll ask a bigger question: Is the real value of this program the money itself, or the idea that every child should begin life as an investor? Politics aside, this episode is about ownership, opportunity, and the power of time. Because when it comes to building wealth, a head start may be worth more than a handout. Plus: If someone gave your child $1,000 to invest tomorrow, would it actually change your financial behavior? We think the answer reveals a lot more than the account itself.

    1h 10m
  3. The most overrated financial goals

    Jun 4

    The most overrated financial goals

    Everyone has financial goals. Pay off your mortgage.Retire early.Get an 850 credit score.Pay cash for everything. But what if some of the most celebrated financial goals in America are actually overrated? This week, Pete, Dame, and Kristen debate the financial goals people chase that may not deserve the hype. From perfect credit scores to early retirement, they explore whether some money milestones are helping people build better lives—or simply giving them something to obsess over. Because sometimes the smartest financial move isn't reaching a goal. It's choosing a better one.

    1h 3m
  4. The Millionaire Math: How to Become a Millionaire in Your 20s, 30s, or 40s

    May 29

    The Millionaire Math: How to Become a Millionaire in Your 20s, 30s, or 40s

    Everybody wants to become a millionaire. Almost nobody wants to hear the actual math required to do it. This week, we break down the old-fashioned path to building a million dollars depending on when you start. What does it actually take if you begin in your 20s? Your 30s? Your 40s? We’re talking real numbers: how much to invest how long it takes what income levels help what lifestyle choices matter most No day trading. No crypto miracles. No “7 passive income streams.” Just the surprisingly boring math behind how ordinary Americans quietly become wealthy.

    1h 7m
  5. The role your house should play in retirement

    May 22

    The role your house should play in retirement

    For decades, Americans have treated their homes like both a dream and an investment strategy. But when it comes to retirement planning, your house has a very specific role to play — and it’s probably not what social media tells you. This week, Pete, Kristen, and Dame tackle one of the most misunderstood retirement concepts in personal finance: why entering retirement without a mortgage can dramatically improve financial flexibility, lower stress, and reduce the amount of money you actually need to retire. But there’s an important distinction here: this is not an episode about draining your retirement accounts to aggressively pay off your mortgage tomorrow. In fact, that can sometimes make your situation worse. The crew explores: Why cash flow matters more than net worth in retirement The psychological power of owning your home outright Why a paid-off house lowers retirement pressure When keeping a mortgage into retirement can still make sense Why “I could pay it off” is very different from “I should pay it off” The hidden danger of becoming “house rich and cash poor” How today’s low-rate mortgages complicate the conversation Plus: Pete explains why many people misunderstand what financial advisors mean when they say your home is part of your retirement strategy.

    1h 5m
  6. Love, marriage, and relationship exit strategies

    May 15

    Love, marriage, and relationship exit strategies

    This week on The Pete the Planner Show, Pete, Kristen, and Dame sit down with divorce attorney Elisabeth Edwards for a brutally honest conversation about the financial side of relationships — before, during, and after marriage. From prenups to hidden debt, alimony to asset division, we unpack the money conversations couples avoid until it’s way too late. Are prenups romantic sabotage or financial maturity? What actually happens to retirement accounts in divorce? Why do smart people make terrible financial decisions when emotions get involved? And what are the biggest money mistakes Elisabeth sees over and over again? Whether you’re single, married, remarried, or just financially nosy, this episode pulls back the curtain on how money shapes modern relationships — and what happens when those relationships end. It’s part financial planning, part relationship psychology, and part “oh wow, people really do that.”

    1h 2m
  7. The hot take Olympics

    May 8

    The hot take Olympics

    Welcome to the first-ever Hot Take Olympics — where financial opinions aren’t just shared… they’re defended like gold medals are on the line. This week, Pete, Kristen, and Dame each bring their hottest financial take to the table and battle it out. From housing and retirement to debt, investing, and the financial rules everyone blindly follows, nothing is safe. Some takes might make you nod in agreement. Others might make you yell at your speakers. But that’s the point. Because personal finance isn’t always personal consensus. The goal isn’t to “win” the debate. The goal is to challenge the assumptions we all carry about money — and maybe rethink a few of our own. Expect strong opinions, smart arguments, and at least one take that will absolutely start a fight in the group chat.

    1h 3m
  8. 3 Money Decisions You’ll Either Regret Forever… or Be Glad You Made

    May 1

    3 Money Decisions You’ll Either Regret Forever… or Be Glad You Made

    Three questions. No overthinking. Just real answers. This week, we’re tackling three financial decisions that feel simple on the surface… but can completely change the direction of your life. Do you walk away from a once-in-a-lifetime real estate deal—or risk blowing up your early retirement plan to take it? How do you get a $25,000 raise and still feel broke? And before you get married… do you combine finances, or protect your independence? These aren’t spreadsheet decisions. They’re life decisions. And the tricky part? Smart people land on both sides of every one of them. So we’re speed-running each scenario—what matters, what doesn’t, and how to think about these moments when there’s no obvious “right” answer. Because sometimes the biggest financial mistake… is thinking there’s only one way to do it.

    1h 8m
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4.6
out of 5
249 Ratings

About

Discussing money can be emotionally charged, but not here on the Pete the Planner® Show where Personal Finance Expert, former comedian, and author Peter Dunn breaks down personal finance with humor, practical advice, and real-life scenarios to help you make smarter money moves. Pete and his co-hosts Kristen and Damian lead a guilt-free discussion of budgeting, investing, retirement planning, and any number of other topics meant to help you thrive in the present and future. Part of the IBJ Media Podcast Network.

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