Financial Choices Matter

In today's episode, we're taking it back to the basics to start 2024 on the right foot. Listen in as we cover the 5 crucial parts of financial planning. From understanding income and expenses to risk management, we'll cover the pillars that make up a comprehensive plan. Show Notes: 0:48 - Main Topic: 5 Part To Financial Planning 2:00 - Income 4:41 - Tax Planning 8:22 - Estate Planning 11:10 - Investment Planning 14:44 - Risk Management 18:12 - Mailbag: Carl Asks About Selling Land Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

In today's episode, we're focusing on a critical aspect of retirement planning: healthcare costs. How well-prepared are you to handle medical expenses after you retire? We'll discuss everything from Medicare complexities to strategies for managing unexpected health-related expenses. Tune in as we break down the essentials of healthcare financial planning for retirees. Show Notes: 0:45 - Main Topic: Strategic Planning for Retiree Healthcare 1:55 - Misconceptions 4:35 - Major healthcare related expenses 9:36 - Long term care insurance 13:59 - Mailbag: Jenny asks what she should do with her raise Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

There's a lot going on in the financial industry. In today's episode, Charles is going to address some of the things that are driving him crazy in the community, from the plethora of confusing financial designations to the lack of attention given to long-term care planning. At the end of the episode, Charles answers a listener question about combining finances and discusses the importance of financial communication in a relationship. Show Notes: 1:05 - Main Topic: What’s Buggin’ Charles? 1:54 - Designations 6:11 - Not Enough Emphasis On Long Term Care Conversations 17:54 - Mailbag: Valerie Asks For Advice On Combining Finances Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care. Whether you're an eternal optimist or cautious pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, “Is the glass half full or half empty?" Show Notes: 0:55 - Main Topic: Future Of Retirement 2:49 - Long Term Care 6:37 - Longevity 9:01 - Taxes 13:38 - Stock Market 16:38 - Mailbag: Randall Asks If He Should Start Working With A Financial Advisor Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

Are you nearing “retirement age?” If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working? We’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire. Show Notes: 0:32 - Main Topic: Ready Or Not Retirement 2:18 - Don’t Want To Retire 7:46 - Lack Of Confidence 11:09 - Not Enough To Retire 15:38 - Mailbag: Greg Asks If He Should Take The Pension Buyout, Or Go With The Monthly Payments Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

In this episode, we tackle the common complaints and fears about financial situations during retirement. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:37 - Main Topic: Retirement Planning Complaints 2:18 - Too Much Risk 4:39 - Fees Are Too High 7:50 - Social Security Won’t Be Enough To Cover My Expenses 9:08 - My Account Didn’t Do Very Well 10:57 - I Only Hear From My Advisor When They Want To Sell Me Something 13:32 - Mailbag: Brian Asks About Long Term Care Policies

It’s not just the financially uncertain who need to think carefully about their retirement plan. Even those who feel confident in their retirement savings might still have important questions to answer and decisions to make. In this episode, we'll explore the three retirement planning mindsets: those who have no idea if they can retire, those who think they have enough money to retire, and those who know for sure they have enough money to retire. We'll discuss the key considerations and next steps for each of these mindsets to help you prepare for a fulfilling retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 1:23 - Main Topic: Unsure, Confident, or Certain: Retirement Planning Next Steps 1:59 - I Have No Idea If I Can Retire 5:11 - I Think I Have Enough Money To Retire 7:57 - I Know I Have Enough Money To Retire 9:35 - New Long-Term Care Product 14:07 - Mailbag: Laura Asks If Her Account Is Too Small For Her Financial Advisor To Care About

In the complex world of retirement planning, there are countless pitfalls one could fall into. In this episode, we've distilled it down to what we believe are the top 5 mistakes to watch out for. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. So, join us as we delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:33 - Main Topic: The 5 Biggest Money Mistakes In Retirement Planning 2:00 - Ignoring Tax Implications 5:01 - Starting Social Security Too Early 6:34 - Ignoring Long-Term Care Costs 8:24 - Update Your Plan 9:19 - Poor Communication Between Spouses 13:22 - Mailbag: Bill Is Concerned About Bank Investments 17:54 - New Long Term Care Product

Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can make an informed decision. Join us and discover why understanding the purpose of these accounts is essential for securing a comfortable retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 1:30 - Main Topic: Retirement Savings Basics 2:10 - 401(k)s, 403(b)s, & 457 Plans 3:17 - Pros Of Traditional Accounts 5:32 - IRAs 7:22 - Simple IRAs 8:16 - HSAs & FSAs 11:35 - Annuities, CDs, & Dividend Stocks 12:35 - How Do You Choose Which Account Is Right For You? 14:42 - Mailbag: Claire Asks If She Should Push Her Retirement Date Back

Are you preparing for retirement but feeling confident that you have covered all the expenses? Well, think again... It turns out that many retirees overlook some crucial expenses that can leave them financially vulnerable. In this episode, we explore the retirement expenses that most people tend to forget, including skyrocketing medical bills, unexpected travel costs, taxes, and much more. We'll discuss practical tips and strategies to help you plan for these expenses and ensure a secure and comfortable retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:39 - Main Topic: Retirement Expenses For Which You Forgot To Plan 1:57 - Medical Expenses 4:50 - Unexpected Travel 6:31 - Taxes 8:20 - Housing Maintenance 9:48 - Inflation 13:26 - Mailbag: Jackson Asks How To Handle Fear Of The Market 16:05 - Upcoming Online Workshop

A million dollars is a goal that many people strive to earn for their retirement nest egg, but how far can that lump sum actually carry you? Today we will be looking at an article that breaks down how far a million dollars go in various states. CNBC Article: https://www.cnbc.com/2022/12/17/states-where-1-million-dollars-retirement-savings-runs-out-fastest.html Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:34 - Main Topic: How Far Does A Million Bucks Go 1:34 - Most Expensive States 3:57 - Surprising Finds 8:38 - Why You Need To Plan 11:09 - Mailbag: Martha Asks About RMDs 16:45 - New Long Term Care Solution

Another year is upon us and it’s a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023. If you’re retiring this year, it’s essential to have some concrete answers to these questions. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 1:09 - Main Topic: Retirement Checklist 2:26 - How Much Monthly Income You Need In Retirement 4:49 - Ideal Time To Take Social Security 6:19 - Longevity Risk 8:22 - Market Volatility 9:30 - Inflation 10:48 - Tax Increases 13:37 - Healthcare Costs 14:45 - Legacy 15:57 - Current Investments 17:34 - What Do You Want Retirement To Look Like? 19:03 - Mailbag: Richards Asks If A 529 Plan Is The Best Vehicle For College Savings 22:16 - Upcoming Long Term Care Workshop

As we approach the end of the year, saving money on taxes becomes a bigger focus for many people. But let’s broaden the scope out for this particular episode and focus on some of the most common retirement planning questions about taxes. We’ll talk about mistakes to avoid and how a proper plan can make a significant difference in someone’s tax savings. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:45 - Main Topic: Most Common Retirement Planning Questions About Taxes 1:51 - Am I Going To Have Deductions In Retirement? 4:09 - Being In A Lower Tax Bracket In Retirement 5:26 - Are All Of My Retirement Accounts Taxed The Same? 7:15 - Bad Tax Mistake 9:20 - Tax Free Retirement 11:11 - Moving To A No Tax Income State 13:24 - Tax Planning Strategy Story 15:31 - Mailbag: Wendy Asks About The Roth Option For Her 401(k) 17:01 - Upcoming Online Workshops

Too many folks misunderstand bonds, how they work, and what role they play in a proper financial plan. We’ll address some of those bond related issues on today’s show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:41 - Main Topic: How Bonds Work 1:39 - Basics Of Bonds 2:22 - Individual Bond Vs Bond Fund 6:57- Target Date Funds 7:42 - Should You Move To Bonds For Safety? 9:06 - Mailbag: Kevin Asks About Company Stock 11:41 - Upcoming Online Workshops

It’s been said that “the sales brochure giveth and the fine print taketh away.” On this episode, we’ll talk about some of the things we hear from people when they don’t pay enough attention to the fine print. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:38 - Main Topic: Fine Print 4:03 - Increase On Long Term Care Insurance 5:42 - High Fees On Annuity 7:03 - Mutual Fund Performance 8:40 - Life Insurance Increase 10:23 - REITs 13:57 - Mailbag: Elizabeth Asks What To Do With Her Inheritance Money

There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. On this episode, we’ll explain why these decisions are so important and can’t be undone. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:35 - Main Topic: Irreversible Financial Decisions 1:29 - Social Security 4:30 - Spousal Benefits For A Pension 6:01 - Getting Life Insurance 8:59 - Choosing A Retirement Date 10:57 - Mailbag: Grace Asks About Keeping Finances Separate In A Marriage 14:06 - Upcoming Webinar

There are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors? Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:50 - Webinar 2:21 - Main Topic: Planning For Retirement’s Uncertainties 2:47 - Be Flexible 4:14 - Longevity 5:32 - Interest Rates Going Up 7:18 - Future Tax Rates 10:52 - How Do We Plan For These Items? 12:26 - Social Security 15:37 - Stock Market Returns 17:30 - Inflation 22:27 - Mailbag: Jim Asks About Where He Can Save Money For Retirement

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:43 - Webinar 2:08 - Main Topic: Against The Grain 4:11 - Appropriate Amount Of Risk 6:00 - Appropriate Use Of Life Insurance 8:09 - How To Handle Debt 9:27 - Paying Off The House 11:11 - Annuities 12:25 - Mutual Funds 14:13 - How Much Cash Should You Have? 16:17 - Mailbag: Carrie Asks If It’s Okay To Use Commissions For Her Retirement Savings

Finding yourself between jobs can be frustrating—whether you were fired, laid off, or just had to step away of your own choosing. But it can also present some opportunities. Let’s discuss some of the challenges and opportunities that you need to consider if you’re between jobs. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 0:33 - Main Topic: Financial Planning Considerations When You’re In Between Jobs 3:00 - Career Change 4:07 - Self Employment 6:37 - Health Insurance 9:00 - Rolling Over Your 401(k) 10:34 - Severance Package 14:04 - Taxes 16:48 - Mailbag: Rita Asks If She Needs A Financial Advisor

Going through a divorce at any age is difficult, but doing it near or in retirement adds all sorts of additional complications. On this episode, we’ll talk about some of the financial mistakes we see people make in the midst of a divorce. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 1:41 - Being a certified divorce planner 2:37 - Choosing the house as a safety blanket 5:37 - The tax implications of retirement funds 7:28 - Qualified domestic relations order 11:11 - Going to a single tax status 13:56 - Mailbag: Should I load up on stocks? 18:48 - Join us at future webinars!