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.

(Click the featured times below to jump forward in the episode)

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.

[0:47] Eric reminisces about playing tennis back in the day.

[1:49] The court is different for singles vs. a doubles match.

[5:19] Financial advisors are different.

[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

Economic News and Sensational Headlines

June 23, 2022

How much should you pay attention to some of these recent financial news headlines? Eric shares what he thinks and what matters when it comes to your financial situation.

Read More

Conventional Wisdom

June 16, 2022

Should you follow conventional wisdom when it comes to your financial decisions? Eric shares when the conventional wisdom might not be best.

Read More

Retirement Vacation Planning

June 9, 2022

Let’s plan the vacation of your dreams: retirement. More than simply a week away, you want to spend the right amount of time and energy thinking about this major season in life.

Read More

Financial Things We Can All Relate To

June 2, 2022

What are we all facing and wondering about in our financial futures? Eric talks through a few topics you might have had on your mind lately.

Read More

Mailbag: Should I Move my Mom’s Money into Investments?

May 26, 2022

Where’s the best place for your money to go? Several people are considering where their money should be, so Eric answers three questions from the mailbag for today’s show.

Read More

Mailbag: Money Management Tips For Younger Couples

May 12, 2022

What financial advice does Eric have for younger couples? What can you do to reduce next year’s taxes? Eric answers these questions and more from the mailbag.

Read More

Building a Plan for the Long Haul

May 5, 2022

What do you need to get you through the long haul of life? Eric talks us through what this looks like in your financial plan and how to build it with an eye on a distant horizon.

Read More

What Do You Need to Know About Today’s Inflation?

April 28, 2022

Everywhere you turn there’s a headline about inflation but what do you need to know about what’s going on? Eric weighs in on the recent numbers and what you can do about it.

Read More

Mailbag: Should I Save Elsewhere Besides My 401(k)?

April 21, 2022

What kind of savings do you really need for retirement? Are you working with the right advisor to get you there? Eric answers three questions from listeners.

Read More

Playing the Retirement Game Show

April 14, 2022

Come on down! We talk about our favorite TV game shows and how it relates to our financial plan (and when it should look different).

Read More

Leave a Comment