Financial and retirement planning guidance from Des Moines' Eric Peterson of Peterson Financial Group.
Retirement Income Planning Essentials
What do you need to know about retirement income? From Social Security to planning for inflation, Eric breaks down the basics of what you need to know and how to make a plan that fits your future.
Read more and get additional financial information: https://petersonfg.com/retirement-income-planning-essentials/
0:47 - Should we plan to retire for years or decades?
2:04 - How long will you be able to work in retirement?
4:00 - When should you turn on Social Security?
7:22 - Don’t forget inflation!
Easy Financial Improvements To Make
We all want to get to the easy improvements, especially ones that can make a big impact. On today’s show, we talk about easy financial changes you can make to improve your situation. Have you done any of these already?
Read more and get additional financial information: https://petersonfg.com/easy-financial-improvements-to-make/
1:01 - What should you do with cash?
4:22 - Do you have an old life insurance policy?
6:15 - Have you left behind a 401(k)?
7:39 - Are your managed accounts being well managed?
Empty Nest Syndrome
As your children go off to college, trade school, or work and leave your home, what do you need to know about empty nest syndrome? What are some major financial issues you might face in this time of life?
Today, we discuss the kind of financial decisions you may make in this next stage of life.
Read more and get additional financial information: https://petersonfg.com/empty-nest-syndrome/
1:24 - What do you do about college expenses?
3:10 - How can you teach kids about retirement savings?
5:39 - What opportunities do you have now?
6:44 - How do you ease off expenses?
8:55 - Should you downsize?
Retirement Quiz - Is That Your Final Answer?
We quiz Eric with a few multiple-choice questions all about retirement. Which one will he choose? Do you agree?
Read more and get more financial information at: https://petersonfg.com/is-that-your-final-answer-retirement-quiz/
0:46 - Let’s play a multiple-choice game!
1:02 - What scares the average person the most about retirement?
2:26 - What scares Eric about the coming years?
3:19 - Which tax situation describes the average retiree?
5:16 - How much money do you need to retire comfortably?
8:35 - What do people wish they had more of in retirement?
Moving On From Financial Mistakes
Instead of getting stuck in a rut after a financial mistake, it’s important to move forward in the right direction. So, what can you do to recover? Find out on today’s show.
Read more and get additional financial resources here: https://petersonfg.com/moving-on-from-financial-mistakes/
What we discuss on this episode:
1:27 - Start by determining the cause.
3:11 - Increase the savings rate.
4:52 - Recalibrate your goals.
7:08 - Have a plan of action.
Common Complaints About Financial Advisors
Are you feeling frustrated when it comes to your financial planning? If so, these three common financial complaints might make you feel like you aren’t alone, but also give you hope for a better scenario.
Read more and get additional financial resources here: https://petersonfg.com/what-to-do-about-common-financial-complaints/
What we discuss on this episode:
1:45 - “My advisor takes too much risk.”
4:35 - “My fees are too high.”
8:20 - “I only hear from them when they want something.”