Financial Choices Matter

It’s important to be able to recognize the difference between an advisor who actually has a planning process and one who just gives sales pitches all day. Let’s go over how you can identify the difference.

A lot of investors (and quite frankly a lot of advisors) fall victim to fuzzy math when it comes to their retirement planning. Let’s explore some of the areas where someone might be employing fuzzy math.

Some folks feel shell-shocked after seeing their assets get cut in half from a divorce. Charles will share with us some ways that he helps clients navigate through tough life events like divorce. And we’ll answer a listener question about fee-only advisors. Are they really the “best” kind of financial advisor to work with?

Creating a customized retirement plan for any individual can mean addressing some unique challenges. With each of these scenarios, let’s discuss the challenges presented, as well as the solutions you might come up with…

Be careful of making assumptions about certain areas of retirement planning before you really know the facts. Some of these assumptions could be correct, but they could just as likely be wrong… We’ll also ask Charles to tell us about a time someone didn’t follow his advice and they came back later and admitted that they should have.

It’s probably common sense when you think about human nature, but some of the riskiest investments are also the most popular. At least the risky ones generate a lot of interest, even if most folks don’t end up actually making an investment. Let’s look at some of these popular and risky investments because, after all, your financial choices matter.

Some advice just makes good sense. But sometimes the guidance we get doesn’t align with our expectations. That’s not necessarily a bad thing. Let’s talk about some of the counterintuitive financial advice you may, or may not, receive. We’ll answer some questions from the “mailbag” and bust up some “rules of thumb” along the way. Plus, we’ll see what’s buggin’ Charles this week.

We often talk about the importance of not leaving a 401k with your old company after you no longer work there. Let’s explore some of the benefits of a 401k rollover, why you might want to move it to an IRA, what the tax implications are and some of the other essential things to consider. To get the guide, “To Rollover, Or Not To Rollover”, call 480-513-1830 or e-mail charles@pelletoncapital.com.

Do you know what the 4% rule is? That’s what Lisa wants to know on this week’s edition of Financial Choices Matter. We’ll answer her question and also field concerns about getting benefits from an ex-husband’s Social Security, what it’s like to work with big companies vs. smaller ones, and we’ll see what’s buggin’ Charles.

Have you ever put on a lot of weight at some point in your life? It’s frustrating because you don’t really notice it at first. Even the people you see every day might not notice for a while. Then all the sudden someone you haven’t seen in several months notices. And then you all the sudden can tell in the mirror. “Whoa,” you realize, “I need to do something about this.” That slow creep of weight was hard to notice day-to-day, but before you even noticed it, it had already made a...