Today’s Prep:
There are a lot of great quotes from past presidents that also apply in the financial industry. Have you heard all of these? How would you apply them to your financial portfolio?
Equipping Points:
1:06 “When only one side of a story is heard and often repeated, the human mind becomes impressed with it.” – George Washington
- If you watch too much news, then you only get one side of the story from the “Wall Street machine”.
- Keep in mind that you might be listening to a marketer.
- What’s right for someone else might not be the best fit for your situation. For example, someone with a billion dollars does things differently than someone with half a million.
- You have to understand who the message is for, and who it’s coming from, and what they are trying to get you to agree to.
4:08 “Ask not what your country can do for you, ask what you can do for your country.” – JFK
- From a financial advisor standpoint, this is what a fiduciary is supposed to think about.
- Advisors should be client-focused and asking what is right for the client instead of just doing whatever is going to generate the most revenue.
- A lot of people in retirement just want someone who is going to look out for them and their best interests.
6:54 “Think about every problem, every challenge we face. The solution to each starts with education.” – George Bush
- Education is the foundation of everything Eric does for clients. The first two meetings of the planning process are designed to help educate you about risk and what a properly designed portfolio looks like.
Today’s Takeaway:
“Getting prepared for retirement is just as important as being in retirement. – Eric Peterson“
Subscribe To The Podcast:
Apple Podcasts - Google Podcasts - Spotify - Stitcher - iHeartRadio - TuneIn
Check out some other recent episodes
Do You Have These Blind Spots In Your Retirement Plan?
Many people can have a couple of “blind spots” so to speak when it comes to their retirement plans. Do you worry you may not be accounting for everything you might need for your retirement? Then today’s episode is perfect for you!
Read MoreInside Out: How We Can Look at Finances Through the Characters of Pixar’s Latest Flick
There can be a lot of emotions when it comes to investing and planning for retirement. And what better way to discuss those emotions than through the characters of Pixar’s latest film, Inside Out 2?
Read MoreThe Importance of Preventative Care
Preventative care isn’t just for your health; it’s essential for your financial well-being too. By consulting a financial advisor early and often, you can avoid financial distress and make informed decisions that lead to a secure and fulfilling retirement. Many people will put it off for fear they will be told something they don’t want to hear or because of the perceived costs of financial advisors.
Read MoreRetirement Income
When planning for retirement, one of the most critical aspects to consider is your income. But what does this mean, and how can you ensure you have enough income to cover your needs and desires?
Read MoreFinancial Wisdom from Mark Twain
In the latest episode of the Retirement Ready Podcast, Eric invites us to explore the timeless wisdom of Mark Twain and how it applies to modern financial planning. Mark Twain, known for his wit and keen observations, offers quotes that are surprisingly relevant to today’s financial landscape. Eric takes these quotes and translates them into practical advice for those planning their retirement.
Read MoreUnderstanding Bonds in Today’s Market
Are bonds really the safe investment we’ve always been told they are? What percentage of assets should a retiree or pre-retiree hold in bonds? In today’s episode, Eric addresses some of his most frequently asked questions about the world of bonds…
Read MoreUnderstanding Your Financial Statements
Financial statements can often feel like a foreign language, filled with jargon and numbers that seem to have little relevance to your everyday life. However, understanding these documents is crucial for effective retirement planning. In the latest episode of the Retirement Ready Podcast, Eric breaks down the essentials of reading and interpreting your financial statements.
Read MoreFrom Graduation to Retirement
This one goes to the grads! Whether you know someone graduating high school, college, or even preschool, graduation marks a new stage and season in life. Similarly, retirement is a new chapter in life. It’s a time of change, celebration, and sometimes, uncertainty. On today’s show, we talk through the similarities between leaving school and entering retirement.
Read More