41 episodes

Helping you learn the ins and outs of retirement without any other crap getting in the way.

Cut The Crap Retirement Sho‪w‬ Chris Patterson

    • Investing

Helping you learn the ins and outs of retirement without any other crap getting in the way.

    Where Does My Financial Knowledge Come From

    Where Does My Financial Knowledge Come From

    Have you ever stopped to think about your journey of learning all that you have about money and finances? Did you parents shape your financial views most heavily? Is there a TV or radio expert that has influenced you most? Or have you learned everything from a book or Google?
     
    Read more and get additional financial resources here: https://pffirm.com/2021/02/where-does-my-financial-knowledge-come-from/ 
     
    What we discuss on this episode: 
    3:18 – Picking up advice from the ‘celebrity’ financial experts
    6:46 – Recommended books
    9:00 – What influence did Chris’ parents have on his view on money?
    10:52 – Friends
    13:22 – Professional relationships  
    15:17 – How has your view of money changed with age?
    18:31 – Is technology today good or bad for financial literacy?

    • 23 min
    Lessons from the Market Crash Hall of Fame

    Lessons from the Market Crash Hall of Fame

    Everyone wants to know when the next market crash is going to happen, but there’s no one with that answer. The better question is what can you do to be prepared for that next crash? Let’s take a look back at the worst crashes in market history and what lessons they taught us about planning.
     
    Read more and get additional financial resources here: https://pffirm.com/2021/02/lessons-from-the-market-crash-hall-of-fame/ 
     
    What we discuss on this episode: 
    2:10 – Crazy start to 2021 with Gamestop and other market news
    5:03 – Black Tuesday
    9:10 – Dot Com Crash
    13:11 – September 17, 2001
    15:57 – The 2008 crash  
    21:56 – What does the future hold?

    • 26 min
    What Drives Your Financial Advisor Crazy

    What Drives Your Financial Advisor Crazy

    No industry is without its flaws, and the financial industry is no exception. Let’s explore some times where we’ve encountered annoying or frustrating elements of the financial world. As you would expect, Chris will give it to you straight.
     
    Read more and get additional financial resources here: https://pffirm.com/2021/01/what-drives-your-financial-advisor-crazy/ 
     
    What we discuss on this episode: 
    2:49 – Hidden Fees
    4:14 – Clients that are worried about their own goals over their client
    6:49 – How can you tell if an advisor is putting their goals first?
    7:26 – Big brokerage firms pushing products
    9:04 – One-size-fits-all sales pitch
    10:07 – It reflects poorly on the industry
    12:05 – Buzzwords and jargon
    15:08 – Financial plans that are too long

    • 18 min
    Beginning of the Year Planning Items for 2021

    Beginning of the Year Planning Items for 2021

    The new year means it’s time to start laying out plans and goals for 2021. Let us help you with the financial side of those resolutions by highlighting six planning items to review over the next 12 months.
     
    Read more and get additional financial resources here: https://pffirm.com/2021/01/beginning-of-the-year-planning-items-for-2021/ 
     
    What we discuss on this show: 
    3:15 – Expecting another unpredictable year in 2021
    4:40  – Maximize your contributions
    6:19 – Review the pandemic relief packages
    8:16 – Exploring possibilities for tax-loss harvesting
    9:33 – Charitable contributions
    11:37 – Consider purchases that could give you a tax credit
    13:19 – Roth Conversion
    15:48 – Making planning a priority this year

    • 18 min
    Are Variable Annuities a Bad Investment?

    Are Variable Annuities a Bad Investment?

    You’ll probably find that advisors have varying opinions when it comes to annuities, but variable annuities might have the worst reputation of them all. Today we’ll tell you why variable annuities aren’t usually a good investment and why Chris rarely uses them in portfolios he builds.
     
    Read more and get additional financial resources here: https://pffirm.com/2020/12/are-variable-annuities-a-bad-investment/ 
     
    What we discuss on this show: 
    2:39 – Why so much disdain for variable annuities?
    4:37 – Do you find many people with variable annuities?
    6:49 – Can you have a variable annuity and not realize it?
    8:00 – Understanding all the fees associated with these
    14:29 – Do you ever use variable annuities for clients?
    15:40 – Can you get out of a variable annuity?

    • 19 min
    How to Pick the Right Financial Advisor

    How to Pick the Right Financial Advisor

    Picking a financial advisor is one of the most important things you’ll do for your retirement, but how do you know if you’re making the right choice? Today we’ll lay out the expectations you should have for this relationship, what to look for when interviewing people, and why it can have a big impact on your financial future. Plus, we’ll tell you about the top 15 cities for retirement.
     
    Read more and get additional financial resources here: https://pffirm.com/2020/12/how-to-pick-the-right-financial-advisor/
     
    What we discuss on this show:
    4:17 – Top 15 retirement locations
    6:00 – Are many of your clients looking to move in retirement?
    6:41 – Tax considerations for moving
    8:15 – Picking the right advisor. Let’s start with expectations.
    12:29 – Warning signs
    15:07 – Can your advisor become a bad fit over time?
    17:07 – What can go wrong if you stick with the wrong advisor?
    19:02 – Should you interview multiple people?
    22:18 – How to determine if someone is a good fit for you?
    25:41 – How to get in touch with Chris

    • 28 min

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