A Perfect Match: Tennis and Retirement Planning

Today’s Prep:

Ready to ace your retirement plans? Let’s talk tennis and see how much it relates to your financial plans on today’s show.

Equipping Points:

What can we learn about financial planning in the game of tennis? Quite a bit actually! Next time you hit the courts this summer, you can think about how tennis and financial planning relate.

For starters, when you play singles the court is a little different than when you play doubles. You have a bit more space when playing doubles. Similarly, your financial plan can look a little different when you’re married. Two incomes and double the assets can be nice while also in a lower tax bracket. If you’re single, divorced, or widowed, there will be a different set of rules and income. You’ve got to plan for this, so consider what happens when one spouse passes away.

Just like all courts aren’t the same, financial advisors aren’t all the same. Some courts are clay or grass…or if you’re unlucky like Marc, full of holes. Financial advisors have similar tools but play differently to use the right tools to their strengths. Clients also have different needs depending on their age, expenses, income, and goals.

Finally, you can better control the game if you’re holding a serve. In your financial plan, what can you control? You can’t control the stock market or inflation or taxes, but you can control how you plan for it. Control what you can control and you’ll perform better, instead of worrying about the things you can’t control.

Your serve! Listen to the entire episode or skip ahead to the timestamps below to learn more. Then reach out to Eric and his team to get your financial game in gear.

[spp-timestamp time=”0:47″] – Eric reminisces about playing tennis back in the day.

[spp-timestamp time=”1:49″] – The court is different for singles vs. a doubles match.

[spp-timestamp time=”5:19″] – Financial advisors are different.

[spp-timestamp time=”8:14″] – What can you best control in your financial plan?

 

Today’s Takeaway:

Different players on different surfaces perform better. We are in the space of people near retirement or in retirement on the distribution and preservation stage of their lives, not on the accumulation stage.”

-Eric Peterson

Related Resources:

Building a Plan for the Long Haul

Playing the Retirement Game Show

Understanding Financial Feelings

More From Eric:

The host: Eric Peterson - Contact - Call: (515) 226-1500

Subscribe To The Podcast:

Apple Podcasts  -  Google Podcasts  -  Spotify  -  Stitcher  -  iHeartRadio  -  TuneIn

Check out some other recent episodes

Mailbag – Roth IRA, Emergency Funds & Tax-Deferred vs. Tax-Free

April 24, 2025

Making more money is great, but what happens when it becomes a roadblock for contributing to a Roth IRA? And how can you make your emergency fund work smarter for you? In today’s episode, we pull from the mailbag and answer a mix of listener questions. Eric addresses concerns that reflect the real-life hurdles many face on the road to retirement.

Read More

Early Retirement: Dream Come True or Financial Trap?

April 10, 2025

Ever fantasize about leaving your 9-to-5 before traditional retirement age? You’re not alone, but is early retirement even possible? In today’s episode, Eric explores what it really takes to retire early including how to tackle healthcare costs, how to make money last longer and the importance of shifting your mindset from spender to saver.

Read More

What 400+ Advisors Say Really Keeps Retirees Up at Night

April 3, 2025

What are Americans really concerned about when it comes to retirement? In this episode, we unpack the results of an insightful survey from Financial Advisor Magazine, which was completed by over 400 financial advisors. We’ll also compare these answers with the real-world concerns we hear every day from the clients in our own practice.

Read More

Bracket Busters and Stock Flops: The Risky Game of Picking Winners

March 27, 2025

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted.

Read More

Are Hidden Fees Draining Your Retirement Savings?

March 20, 2025

In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.

Read More

What Game Night Can Teach Us About Financial Planning

March 13, 2025

In this episode, Eric breaks down the surprising financial lessons hidden in classic board games, offering valuable insights to help you navigate your retirement strategy.

Read More

Mailbag – Upsizing, Financial Advisors & Business Owner Planning

March 6, 2025

Join us as we answer questions about the challenges of downsizing, the emotional aspects of planning for family gatherings, and the realities of transitioning into a financial advisory career.

Read More

Planning for Unique Situations in Retirement

February 27, 2025

While many face the same general retirement concerns, each individual’s situation is unique, requiring tailored solutions.

Read More

Planning for Kids, Grandkids, & Your Future

February 20, 2025

As many nearing retirement age are discovering, adult children and grandchildren can significantly influence financial strategies, making it crucial to understand how to navigate these relationships effectively.

Read More

Leave a Comment