If Retirement Were Like A Game Show

Today’s Prep:

Everyone loves a good game show, whether it’s The Price Is Right, Jeopardy, or Who Wants To Be A Millionaire. It’s fun to play along, but remember, they’re just games. Today we’ll talk about game shows and how they relate to your retirement planning process. Ready to play?

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

Equipping Points:

[1:43] – The Price Is Right

  • The key to investing is buying low and selling high.
  • You have to look at fundamentals like, “what are you paying for on an earnings standpoint?”
  • In retirement, you need income to support your lifestyle.
  • You still want growth in order to outpace inflation down the road.
  • Proper diversification can help with big losses.

[3:33] – Are You Smarter Than A 5th Grader?

  • If you can’t explain your retirement to an 11-year-old, then it’s too complicated.
  • Eric shares a teachable moment he had with his son while at the store.
  • People make retirement more complicated than it needs to be, but an advisor should be able to relay it to you in a way that makes sense.
  • In a client example, Eric talks about someone who took his class after being laid off.
  • Yes, there are complicated formulas behind the scenes but an advisor is here to help you.

Today’s Takeaway:

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

Let’s Play Financial Jeopardy

November 21, 2019

Financial for 200! Financial for 400! Are you ready to match the questions with the statements like in Jeopardy when it comes to your knowledge of financial terms? Which of these currently impact your retirement plan?

Read More

Getting Your Health And Wealth In Shape

November 14, 2019

Are you feeling yourself slide into a bit of a rut? Need more tone and discipline in your life? Getting your body in shape can look a lot like getting your finances in shape.

Read More

Answering The 401(k) FAQs

November 7, 2019

Most likely, at some point or another, you’ve had the option of contributing to a 401(k). But do you know how to really leverage it? This episode will tackle some of the frequently asked questions when it comes to your 401(k).

Read More

Understanding How Your Feelings Impact Your Financial Decisions

October 31, 2019

When you make a financial decision, does it start with looking at the numbers or asking the question, “How do you feel about that?” When should your feelings overrule the numbers, and what areas of your plan are most likely swayed by feelings and emotions?

Read More

Planning Your Road Trip Towards Retirement

October 24, 2019

Think back to your last road trip–what did you do to prepare? Chances are you didn’t suddenly jump in the car and then a few hours (or days) later simply arrive. Yet this is what some people think retirement looks like. Instead, you’ve got to plan ahead and know where you’re going and how you’ll get there.

Read More

Let’s Talk About The “A” Word: Annuities

October 17, 2019

We’ve all heard about annuities, but there’s still tons of confusion about them. What are the different types of annuities? And are any of them worth having?

Read More

Should You Adhere To Conventional Financial Wisdom?

October 10, 2019

What common financial advice have you heard that is actually worth following? Do these concepts provide a better financial future for you and your family? Or are these ideas more damaging in the long-run?

Read More

How To Create A Retirement Plan Without Compromises, Part 2

October 3, 2019

We all want a certain sense of safety and security, but we also need the growth and potential that comes with risk. So how do you weigh out the two and create a plan without compromise? What tools can be used to achieve the right combination of both safety and growth?

Read More

How To Create A Retirement Plan Without Compromises, Part 1

September 26, 2019

When making any decisions, you may get to a point when you have to make some compromises. How about when it comes to your retirement plans, are you making too many compromises?

Read More

How To Handle Financial Pain Points in Retirement

September 19, 2019

When planning for retirement, there are a number of pain points that can come up to cause stress and fear for the future. What are some ways you can address these pain points now?

Read More

Leave a Comment