In the latest episode of Retirement Ready Podcast, Eric pulls back the curtain on some of the most common financial half-truths that many retirees and investors encounter. As someone gearing up for retirement, it's crucial to have a clear understanding of these financial nuances to ensure your strategy is both effective and resilient.

Here’s some of what we discuss in this episode:

• While the market will go up in the long run, a downturn when you need to sell stock can be a major issue.
• Paying off a mortgage early vs. investing more in your retirement.
• Diversification is important, but it is not the only thing you need for a successful retirement.
• Bonds reduce risk, but they’re not risk-free.

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

The 401k is the most common way that people save for retirement, which is why we get a lot of questions on the show and in the office about this employer-sponsored plan. You want to take full advantage of your 401k when you’re working, but there are some intricacies that you might not even be aware of. This episode will tackle those frequently asked questions and break down the areas that people are most curious about.

Here’s some of what we discuss in this episode:

• Should you take advantage of employer-offered 401K advisory services?
• Should you put more into your 401K than the company match?
• Are 401K loans a good idea?
• When should you rollover a 401K into a Roth IRA?

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

When you’re ready to start working with a financial advisor, how do you find the right person to help you reach your financial goals? Not every advisor is the same but most people don’t really know what to look for. This episode is all about helping you ask the right questions and avoid the mistakes that people commonly make when they choose a financial advisor.

Here’s some of what we discuss in this episode:

• Different financial tools are used for different goals that people have.
• Discussing fee structure with a prospective advisor.
• Avoiding putting too much trust in big name brands.
• Not being afraid to ask questions.
• Making sure that you are working with somebody who has the right specialty.

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