Financial Pet Peeves

Today’s Prep:

What little (or not little) things get under your skin when it comes to financial planning? Are they the same pet peeves as Eric’s? Find out on today’s podcast!

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

Equipping Points:

We’ve all got pet peeves in life and the financial industry is no exception. As a financial advisor, Eric has a few pet peeves that he wants to share and explain. Are they the same ones as yours? Is there a better solution? 

Most people hate fees–but is that true for advisors? Eric wants to make sure the fees matches the value received. As a fiduciary, he wants to find what is in your best interest and will disclose any fees. Likewise, watch out for advisors that act more like a salesman than a planner.

What does your financial plan look like? Is it a one-size-fits all plan that doesn’t really apply to you? Is it littered with jargon that you don’t understand? Or is it so big that you don’t even want to look at it? That’s probably not the plan for you.

Instead of being stuck with all of these pestering problems, work with a financial advisor who can meet your financial planning needs with full transparency and expertise.

Listen to the entire episode to hear more of Eric’s financial pet peeves or click on the timestamps below to find out if yours are the same.

[1:11] – Pet peeve: Hidden fees.

[3:11] – Pet peeve: Advisors who work more as a salesman.

[5:16] – Pet peeve: One-size-fits-all.

[6:48] – Pet peeve: Jargon without explanation.

[7:55] – Pet peeve: Massive financial plans.


Today’s Takeaway:

A retirement plan doesn’t have to be 250 pages. It needs to be probably about 10. What you need to learn is: where your income is coming from, what age you plan on retiring, where your income sources are, and how much tax you’ll be paying.  -Eric Peterson

Related Resources:

Grading Your Financial Competency

How To Mess Up Your Retirement Plans

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

What Is Your Retirement Mindset?

August 13, 2020

When it comes to retirement, where are you at? If you’re getting closer to retirement, it may help to understand your current mindset in order to know how best to proceed.

Read More

Are You Facing Financial Crisis or Financial Opportunity?

August 6, 2020

From market crashes to empty nests, we discuss different situations that may be first viewed as a crisis. But is it really an opportunity in disguise? We will explore both sides today on the podcast.

Read More

Making The Right Decisions With Your 401(k)

July 30, 2020

Are you wondering what to do with your 401(k)? How can you make sure this investment is set-up well to suit your needs? Let’s answer some of the most common questions regarding this popular retirement account.

Read More

Which TV Character Describes Your Financial Personality?

July 23, 2020

What kind of classic TV personality do you most relate with when it comes to handling your finances? Are you more like Gilligan or Barney Fife? Find out on today’s podcast!

Read More

Grading Your Financial Competency

July 9, 2020

How would you grade yourself on your financial competency? Are you at the top of the class or falling behind? Find out on this episode.

Read More

Mailbag: When Should I Take Social Security?

July 2, 2020

Are you wondering how much longer you really have to wait before claiming Social Security? Or are you looking to find the perfect financial advisor but haven’t found them yet? Eric answers three questions from the mailbag in this week’s podcast.

Read More

Financial Lessons Learned from the Farm

June 25, 2020

Whether you are growing some backyard tomatoes or have 100 acres of farmland, what are some financial lessons to be learned? You don’t need a green thumb to understand these financial principles.

Read More

Financial Truth Bombs

June 18, 2020

Need someone to tell it to you straight? On today’s episode, Eric gives four financial truth bombs that might change the way you think about your financial plan and your portfolio.

Read More

Outdated Financial Rules

June 11, 2020

What financial rules are worth following and which ones need an update? On this episode, we discuss several known financial rules to see which ones are dated and which ones stand the test of time.

Read More

How To Mess Up Your Retirement Plans

June 4, 2020

How can you know your retirement plans are what they should be? What thoughts and assumptions can ruin your retirement? One thing’s for sure–you don’t want to mess it up!

Read More

Leave a Comment