Today’s Prep:
What do you do when…? Eric answers three pressing questions from the mailbag in today’s podcast. Whether you are being thrust into an early retirement or are considering delaying retirement due to debt, financial advice from an advisor will set you in the right direction.
Equipping Points:
When it comes to retirement planning, there are a number of questions that come up along the way. Eric gives his professional advice to answer these three questions from the mailbag.
When faced with an early retirement due to a company getting bought out, there are a number of things you will want to do to ensure you are prepared. Once you have your package, have a conversation with an advisor to look into your options. While maybe you weren’t wanting to retire yet, this may end up being for the best, so consider what other things you might want to do with your time.
What do you do with debt when heading into retirement? Mel from Ames is wondering if she should pay off the house even if it means delaying retirement for a year or retiring as planned. It might mean looking at the numbers to see what’s possible or getting creative with what to do about work.
Finally, what do you do if your financial advisor is hard to get in contact with? Maybe your account is smaller than the average client’s, but you should still be treated with respect and get the value needed from an advisor. If you feel ignored, it’s probably true–which is wrong. Eric believes in treating all of his clients with the respect they deserve.
Listen to the entire episode or click the timestamps below to hear a particular question from the mailbag.
0:47 – Mailbag: What does an early retirement offer look like? How should you prepare?
3:40 – Mailbag: Should you keep working until you’ve paid the house off or retire as planned?
5:08 – You can always do something else in retirement, such as part-time work.
6:05 – Mailbag: Financial advisor is tough to get in touch with. Is this common practice?
Related Resources:
Retiring Early: Is It Possible and Is It for You?
Mailbag: Retention Bonus or Retirement?
Today’s Takeaway:
“We always treat our clients with the same level of respect that they had when they came on board, regardless of their account size. –Eric Peterson“
Subscribe To The Podcast:
Apple Podcasts - Google Podcasts - Spotify - Stitcher - iHeartRadio - TuneIn
Check out some other recent episodes
Mailbag – Roth IRA, Emergency Funds & Tax-Deferred vs. Tax-Free
Making more money is great, but what happens when it becomes a roadblock for contributing to a Roth IRA? And how can you make your emergency fund work smarter for you? In today’s episode, we pull from the mailbag and answer a mix of listener questions. Eric addresses concerns that reflect the real-life hurdles many face on the road to retirement.
Read MoreHow 2025 Tax Updates Can Impact Your Financial Plan
Although tax season has come to a close, the time for smart tax planning has just begun! In this episode, we unpack the upcoming tax updates that could affect your planning for the next few years, including changes to 401(k) contribution limits, tax deductions, and the potential benefits of using tax-advantaged accounts like HSAs.
Read MoreEarly Retirement: Dream Come True or Financial Trap?
Ever fantasize about leaving your 9-to-5 before traditional retirement age? You’re not alone, but is early retirement even possible? In today’s episode, Eric explores what it really takes to retire early including how to tackle healthcare costs, how to make money last longer and the importance of shifting your mindset from spender to saver.
Read MoreWhat 400+ Advisors Say Really Keeps Retirees Up at Night
What are Americans really concerned about when it comes to retirement? In this episode, we unpack the results of an insightful survey from Financial Advisor Magazine, which was completed by over 400 financial advisors. We’ll also compare these answers with the real-world concerns we hear every day from the clients in our own practice.
Read MoreBracket Busters and Stock Flops: The Risky Game of Picking Winners
March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted.
Read MoreAre Hidden Fees Draining Your Retirement Savings?
In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.
Read MoreWhat Game Night Can Teach Us About Financial Planning
In this episode, Eric breaks down the surprising financial lessons hidden in classic board games, offering valuable insights to help you navigate your retirement strategy.
Read MoreMailbag – Upsizing, Financial Advisors & Business Owner Planning
Join us as we answer questions about the challenges of downsizing, the emotional aspects of planning for family gatherings, and the realities of transitioning into a financial advisory career.
Read MorePlanning for Kids, Grandkids, & Your Future
As many nearing retirement age are discovering, adult children and grandchildren can significantly influence financial strategies, making it crucial to understand how to navigate these relationships effectively.
Read More