Having a good financial plan can help you resist some of the financial temptations that the average person will face. Let’s talk about some of these common temptations that we often see people fall victim to. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:15 - Big Purchases Before Retirement 5:21 - 401(k) Match 7:39 - Deferring Taxes 11:05 - Working Until You Die 13:14 - Relying On The Government 16:28 - Not Leaving The Kids Anything 19:22 - Roy Asks For Suggestions On How To Get His Spouse More Involved With Their Finances

Financial Choices Matter

Financial Temptations

Make sure you’re well-versed in these retirement income planning essentials before you head off into retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:47 - Planning To Retire For Decades, Not Just Years 5:35 - The Rule Of 72 6:36 - Safe Investments 8:43 - Inflation 13:23 - Being Able To Narrow Down Information 16:22 - Self-Motivated 18:33 - Time To Work On Plan

Income Planning Essentials

There’s an old quote that says, “Age is the price of wisdom.” Let’s talk about how that applies to the financial world. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Essentialism: https://amzn.to/3DI8Af5 Digital Minimalism: https://amzn.to/3DyHCX2 Show Notes:  2:19 - Age, Wisdom, & Information 4:52 - Things We Wished We Had Known Sooner 6:39 - Do People Tend To Worry About Finances More, Or Less When Approaching Retirement? 8:50 - Leaving A Legacy 12:18 - Mailbag: Karen Asks If She Should Use A Robo Advisor 15:42 - Summer Reading

How Age & Wisdom Play Into Financial Planning

We are back after taking a short break for the summer. We catch up with what Charles has been up to all summer. We will also break inflation down with some simple examples. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:42 - Summer Break 2:55 - Definition Of Inflation 5:47 - Is It Temporary? 8:29 - Dealing WIth Inflation During Retirement 11:11 - Adding Tweaks To Your Plan 13:02 - Closing Thoughts

Summer Break & Inflation

Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:21 - How Would Charles Would Advise Warren Buffett 4:53 - Your Social Security Is Taxable 6:05 - Taxes Will Likely Be Lower in Retirement 9:05 - Term Life Insurance Is Better Than Whole Life Insurance 11:14 - Medicare Will Cover Most Of Your Needs In Retirement 13:27 - The Older We Get, We Should Shift From Stocks To Bonds 17:34 - Mailbag: Andy Asks How Much Of Your Portfolio Is It OK To Have In One Stock

Financial Fact Or Fiction

By ignoring the simplest fixes in your financial plan, you could be setting yourself up for a potential disaster. Don't wait until it's too late to make these changes. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:16 - Charles Shares His Picks For March Madness On The Men’s And Women’s Sides 3:04 - The Risk Of Having Out Of Date Legal Documents 5:06 - Not Correcting Beneficiary Designations 7:35 - Avoiding Tax Problems Of The Future 11:00 - Not Having A Plan For Long-Term Care Expenses 14:27 - Getting To Know You: What Is The Luckiest Thing That Has Ever Happened To You?

Are You Flirtin’ With Disaster?

Let’s step into the classroom again to cover some financial buzzwords. Are these important to know? What are they? How do they impact you? We’ll answer those questions and more as we always look to educate you a little bit on the show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:16 - Getting To Know: Favorite Restaurant? 3:07 - Main Topic: The Financial Dictionary 3:19 - The Go-Go Years  4:55 - The High-Yield Bond/Junk Bond 7:08 - Index Fund 9:36 - Mailbag: Erin Asks About Financial Advisors Who Works Exclusively With High Net Worth Clients

The Financial Dictionary

We often see people making certain assumptions about retirement that just aren’t correct. Let’s explore some of those on today's show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:07 - Headline: General Motors Selling Only Electric Vehicles By 2035 4:42 - Main Topic: Never Make Assumptions 5:16 - I’ll Spend Less In Retirement 8:08 - My Taxes Will Be Lower In Retirement 10:19 - Helping Children 13:01 - I’ll Never Be Able To Retire 16:01 - Boe Asks If He Can Leave His Entire 401(k) To His Son

This Is Why You Never Assume

We run through the laundry list of top concerns that many retirees and pre retirees have. Charles discusses how he address them and what is the underlying theme that is causing those concerns. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:04 - Main Topic: Client Concerns 2:17 - What Are Some Top Concerns? 4:01 - Dog Analogy 8:00 - Wall Street Has Set Low Expectations 14:00 - Elon Musk’s Recent Rise In Wealth

Biggest Client Concerns

What’s the most interesting thing in the investment world? We talk about the concept of innovation causing disruption in various industries, what that means and why it might be something worth paying attention to. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:46 - Main Topic: Innovation Causing Disruption 3:22 - Ecommerce 5:53 - Interesting Statistics 11:21 - People Don’t Like Change

Innovation Causing Disruption

Have you ever stopped to think about your journey of learning all that you have about money and finances? Did you parents shape your financial views most heavily? Is there a TV or radio expert that has influenced you most? Or have you learned everything from a book or Google? Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:13 - Main Topic: Retirement Statistics 2:30 - 17% Of American Workers Are Confident They Can Retire 5:04 - The Average 65 Year Old Woman Has A Life Expectancy Of 20.7 More Years 8:00 - 16.5% Of Our Country’s Population Is 65+ 11:09 - The Average Retiree Faces Around 300K Of Out Of Pocket Medical Expenses 12:39 - 20% Of People Have Had A Written Plan Done 16:12 - Getting To Know: Who Besides Your Parents, Taught You The Most About Life?

Retirement Statistics Worth Understanding

Have you ever stopped to think about your journey of learning all that you have about money and finances? Did you parents shape your financial views most heavily? Is there a TV or radio expert that has influenced you most? Or have you learned everything from a book or Google? Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:01 - Main Topic: Where All My Financial Knowledge Comes From 2:35 - Financial Celebrities 6:39 - Best Financial Books 9:34 - Family Members 10:26 - What Got Charles Into The Financial Realm? 11:38 - Is Technology Helping, Or Hurting? 13:44 - Favorite Economist? 15:46 - Diana Asks If Life Insurance Is A Legitimate Retirement Strategy

Where All My Financial Knowledge Comes From

There are many more risks to guard against in retirement planning than most people realize. Let’s explore some of the planning risks we all face and how to prepare for them. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:38 - Main Topic: The Different Types Of Risk 2:17 - Market Risk 3:29 - Inflation Risk 5:01 - Tax Rate Risk 5:44 - Longevity Risk 10:04 - Mailbag: Ellen Asks If She Should Refinance Her Mortgage 15:24 - Getting To Know You: How Did You Decide On Your Children’s Names?

Understanding The Different Types Of Risk

Let’s explore some of the things you should be thinking about and checking on as we wrap up 2020 and begin 2021. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:40 - Main Topic: End Of Year Planning 2:55 - Should We Be Maxing Out Our Retirement Contributions? 3:48 - Reviewing The CARES Act 5:04 - Tax-Loss Harvesting 5:33 - Evaluating Tax-Deductible Charitable Contributions 7:45 - Roth Conversions 10:05 - What’s A CFP & RIA? 14:07 - Mailbag: What’s Your Opinion On Flipping Houses As An Investment Strategy?

End Of Year Planning Tasks

Want to grade your preparedness for retirement? Here are five key questions you need to ask yourself. Your answers will help determine how ready you are for retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:29 - Main Topic: Retirement Preparedness Quiz 1:58 - Do You Know How Much You Have? 3:46 - Do You Know How Much You Spend? 6:05 - Do You Know How Much Risk You Have? 10:20 - Do You Know What You’re Paying In Fees? 12:44 - Do You Know What Your Retirement Income Streams Will Look Like? 16:30 - Getting To Know You: What’s Something You Look Back On And Say, “What Was I Thinking?”

A 5 Question Retirement Preparedness Quiz

Weekly financial and retirement planning guidance from Scottsdale's Charles Scott of Pelleton Capital Management.

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Financial Choices Matter

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