Financial Things We Can All Relate To

Today’s Prep:

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.

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

Equipping Points:

When making a financial plan, there’s a lot of things that are unique to you and your situation. That said, there are some things that we can all relate to on some level. Today we talk about how we’re all alike.

Social Security is something everyone wonders about and worries about. Will it still be there by the time you want to withdraw from it? All government programs face some challenges, but Social Security is a bedrock of retirement for many. You put money into the system and more than likely, expect to get those benefits back. There might be some changes in the future, but we don’t know just how it will look in the future.

Thinking you have a high risk tolerance, at least until there’s market volatility? We all tend to think we have a higher risk tolerance than we really do. Sometimes the market will look crazy like it does right now. You need to have a plan that can address that.

Listen to the entire episode or skip ahead to a particular question from the mailbag.

[0:47] What can we all relate to?

[1:46] What do we all have in our car?

[2:22] We all are looking at Social Security.

[4:47] We all forget someone’s name.

[6:28] What’s your real risk tolerance?


Today’s Takeaway:

“Everyone’s comfortable with the risk when the market’s good. No one’s comfortable with the risk when the market’s bad.”

-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: Which Investment Should I Withdraw From?

September 29, 2022

Whether you are nearing retirement or wanting to buy a new car, taxes are often a big part of the conversation. Thinking through how and when to withdraw from your investments strategically can make all the difference in what taxes you pay afterwards.

Read More

Investing and Coffee

September 22, 2022

In the fall, a lot of people are ready to cozy up with a coffee or latte in their favorite mug. For fun, we talk about the different types of coffee drinks and what kind of investor that might make them. Do you take your coffee the same style you do your investing? Which one are you?

Read More

The Different Kinds Of Annuities

September 15, 2022

To some people, an annuity is almost like a dirty word. In reality, there are a lot of different kinds of annuities, and some are better for your financial plan than others.

Read More

Financial Fortune Cookies

September 8, 2022

What small piece of wisdom can we take away and apply to our financial plan? Eric talks through five fortune cookie statements and what they mean.

Read More

The Worst Investor

September 1, 2022

Which investors will end up ahead in the end? Eric talks through the types that might look successful…until they aren’t.

Read More

What Happens in a Periodic Review With Your Financial Advisor?

August 25, 2022

Think about the taxes! Eric answers three questions from the mailbag today that all involve financial decisions with tax implications.

Read More

Mailbag: Does It Matter Who Gets What Asset in My Legacy Plan?

August 18, 2022

Think about the taxes! Eric answers three questions from the mailbag today that all involve financial decisions with tax implications.

Read More

More than Just a “Nice Person”

August 11, 2022

Financial advisors are people who want to get along with, but you probably want more than just a nice person. We talk through what you should expect with a fiduciary and when you should get a second opinion.

Read More

Mailbag: How Much is Too Much to Spend on a Forever Home?

August 4, 2022

Retirement decisions involve a lot more than just the money, but also the emotional and lifestyle decisions, too. Eric answers three questions from the mailbag from listeners making retirement decisions.

Read More

Financial Jeopardy

July 28, 2022

We play the game of Jeopardy as Eric answers financial questions on today’s show. Do you know all the answers?

Read More

Leave a Comment