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/

We all tell ourselves little white lies from time to time. But when it comes to our finances, these "little lies" can have se-rious consequences.

In this episode, we explore some of the most common financial lies people tell themselves:

"I'll pay back the money I borrowed from my 401(k)." Is borrowing from your retirement savings really a good idea? We'll discuss the potential pitfalls and explore better alternatives.

"The stock market is rigged against the little guy." Is this a myth or a reality?

"The bank is the safest place for my money." While banks offer security, they may not always be the best option for growing your wealth. We'll discuss the trade-offs and explore alternative strategies.

"I'll start saving next year." Procrastination is a common financial enemy. We'll discuss the dangers of delaying your savings goals and provide actionable tips to get started today.

Join us as we debunk these common financial myths and gain valuable insights into building a stronger financial future.

Tune in to learn how to:

• Make informed decisions about your retirement savings.
• Navigate the stock market with confidence.
• Develop a sustainable savings strategy.
• Overcome common financial roadblocks.

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

Retirement is often seen as the golden phase of life, a time to sit back, relax, and enjoy the fruits of your labor. However, did you know that psychologists rank retirement as the 10th most stressful event you can experience? In this episode, Eric discusses why this phase can be so daunting and offers strategies to ease the transition.

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

• The stress that can come with no set day to day schedule during retirement.
• Keeping your options open as you plan for retirement.
• Reducing your retirement stress by working with a qualified professional.

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

Throughout our lives, there will be times when the markets rise and times when we experience downturns. Largely, we don’t have control over the circumstances we’re dealt, but we do have control over how we respond to those situations.

In this episode, Eric will explore financial situations that can often feel stressful and inconvenient. We’ll focus on finding the silver linings and learning how to make the best of those situations.

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

• Finding opportunities during a market downturn
• Understanding capital gains taxes
• Leveraging high interest rates to your advantage
• Turning a layoff into an opportunity for a reset

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

There are plenty of obvious questions about retirement planning that everybody knows they should be asking. Then, there are other questions that aren't exactly enjoyable to think about.

For example, it’s not easy to consider how taxes and income might shift after losing a spouse, how losing the ability to drive could lead to new financial and social challenges, or whether relying on your children for care in old age is realistic. Yet, these are necessary things to ask yourself as you build a plan.

Tune in to this episode with Eric, as he breaks down some frequently unasked retirement questions that are very important to consider.

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

• Downsizing in retirement
• How taxes change when you must file as single
• The financial impacts of losing the ability to drive
• Not just assuming that your kids are on board with taking care of you in old age

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

Diversification is one of those buzzwords you hear often in financial planning. While many people know it's important, few are clear on what it actually means when applied to various aspects of their financial strategy. In today’s episode, Eric and Marc will bring you the diverse definitions of diversification.

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

Diversification in terms of stocks.

Diversification of asset classes.

Global diversification.

Diversification of strategies.

Diversification around taxes.

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