Financial Choices Matter

Most retirees take their required minimum distributions (RMDs) in cash without realizing there's another option that might offer more long-term value. In this episode, Charles highlights a lesser-known strategy: taking RMDs “in-kind” by moving stocks or mutual funds from a retirement account into a taxable account, without actually selling anything. It's a tactical move that creates a new cost basis and may reduce future tax exposure. Tune in as we cover how the strategy works, how it compares to a Roth conversion in down markets, and who's best positioned to use it. Plus more!   Here's some of what we discuss in this episode:

April was a volatile month, and if you're feeling the pressure, you're not alone. But how we respond in moments like this often has roots in the crashes we've lived through before. In this episode, Charles looks at how past market meltdowns shaped investor psychology, how today's chaos might be leaving its own mark, and what lessons we can take with us to navigate what's next.   Here's some of what we discuss in this episode:

What if you could be held financially responsible for your parents' unpaid medical or long-term care bills? It's not a theoretical question- in 25 U.S. states, filial support laws are on the books, and enforcement may be on the rise. In this episode of Financial Choices Matter, Charles and Marc shine a spotlight on a little-known legal concept with potentially huge implications for families.   Here's some of what we discuss in this episode:

Ever wondered how members of Congress manage to grow their wealth while in office? In this episode, Charles Scott dives into the controversial topic of investing like politicians. We explore the ETFs tracking political investments- NANC and KRUZ- and unpack the historical (and sometimes shady) relationship between lawmakers and insider trading. We'll also touch on why everyday investors might find these political ETFs fascinating (or risky). As always, this discussion is for informational purposes only and not financial advice. But it will definitely make you think… Here's some of what we discuss in this episode: 0:00 – Intro 0:20 – What are NANC and KRUZ ETFs? 2:48 – Which political portfolio performs better? The numbers so far 3:45 – Insider trading was legal for Congress?! 4:58 – The STOCK Act: Why Congress had to make a rule to stop themselves 6:24 – Why political trading ETFs exist today 7:16 – The stress of watching stock prices every day 9:06 – What does "fiduciary" really mean? 12:49 – The reality of financial sales pitches & how to vet advisors   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

In this episode of Financial Choices Matter, Charles and Marc dive into the top fears that have been gripping Americans for years according to a recent Chapman University study. From fears of illness to financial instability, they break down why these concerns persist and how modern technology might be amplifying our anxieties. More importantly, they discuss how fear often influences financial decisions and why taking control of what you can manage- your financial strategy- can help bring peace of mind. Then, Charles tackles a listener's question about rebalancing investment portfolios. Is it really necessary, or is it just an arbitrary financial ritual? Tune in to hear Charles' unique take! Here's some of what we discuss in this episode: 0:00 – Intro 2:06 – The fear of corrupt government officials 5:01 – Media and information overload 9:57 – The fear of running out of money 11:57 – Listener question on rebalancing Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

According to a 2024 Gallup poll, 74% of retired Americans have enough money to live comfortably- and no, you don't need to be a millionaire to get there. But there are some mistakes you can actively avoid to steer your financial future in the right direction. In today's conversation, Charles and Marc will cover 6 retirement blunders that successful American millionaires tend to avoid. Here's some of what we discuss in this episode: 0:00 – Intro 1:35 – Investing too conservatively in retirement 4:13 – Forgetting about healthcare costs 9:38 – Spending too much on housing 12:41– Sinking too much money into a car 15:17 – Funding grown children's lifestyles 17:49 – Mismanaging RMDs 19:32 – Listener question Click HERE to check out the article that inspired today's show   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

In today's episode, we're playing a little game of what are the odds? For example, do you know the chances of being in a house fire, or having your car totaled? What about the likelihood of being hospitalized? Listen in as we break down these probabilities and compare them to the chances of having a long-term care event. Here's some of what we discuss in this episode: 0:00 – Intro 1:56 – The odds you might be in a house fire 2:59 – The odds your car is totaled 3:58 – The odds of being hospitalized 5:00 – The odds of having a long-term care event 7:05 – The changing landscape of long-term care insurance 9:45 – Listener question: 401(k) income projections Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

As we wrap up the whirlwind that was 2024, many of you at home may be reflecting on the past year- both personally and as a whole. While you're in that reflective mindset, it's the perfect time to ask: Are your insurance policies still meeting your needs? Join Charles as he explains the importance of an end-of-year insurance review. Whether it's life insurance, health insurance, or long-term care insurance, it's important to stay aware of any updates or adjustments that could impact your policies. You want to make sure that your insurance policies match up with your financial goals! Plus, we'll tackle a mailbag question about trying to time the market. Don't miss this week's insightful show! Here's some of what we discuss in this episode: 0:00 – Intro 0:37 – Life insurance 2:25 – Making sure your insurance matches your legacy goals 3:52 – Long-term care 6:09 – Mailbag: why timing the market is a fool's gambit 9:23 – Market volatility that could come with a new administration   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

In this episode of Financial Choices Matter, Charles recounts a time when he and Sheri helped two sisters navigate a tough financial situation. After watching one of Charles' webinars, the sisters sought his advice after a troubling annuity product was sold to them. Tune in as Charles explains how they fought for their clients' best interests, ultimately helping them get back nearly $1 million from a poor investment choice. Here's some of what we discuss in this episode: 0:00 – Intro 0:52 – The tale of two sisters 7:39 – Doing the right thing 10:02 – Working with the right professional   Resources for this episode: Finra https://www.finra.org/ Broker Check https://brokercheck.finra.org/   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

Inflation is one of those financial topics that can feel elusive and often misunderstood. Despite recent reports showing a decline in Consumer Price Index (CPI) numbers, many of us still haven't felt any real relief when it comes to our day-to-day expenses. Why does this disconnect exist? Listen in as Charles makes it easy to grasp the impact of inflation on everyday life. Here's some of what we discuss in this episode: 0:00 – Intro 1:07 – Milton Friedman's monetary phenomenon example 4:55 – Government regulation and inflation 7:38 – Compounding effects of inflation 9:20 – Planning for inflation in retirement   Resources for this episode: Money To Apples Charts https://www.ftportfolios.com/Commentary/EconomicResearch/2024/10/24/three-on-thursday---inflation-simplified   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

Obviously, we all have to pay taxes. But, depending on income levels, some people are paying more into the system than others. In this episode, Charles breaks down exactly who is paying what, using clear charts and visuals to make it easy to understand. This can stir up a lot of frustration, especially if you or someone you know feels they're shouldering more (or less) of the tax burden than they should. We'll explore the sources of these frustrations and shed light on where tax dollars come from and how they're distributed. There's a lot of valuable insight in this episode that you don't want to miss, so enjoy the show! Here's some of what we discuss in this episode: 0:00 – Intro 1:43 – Who is paying what 6:15 – Where the frustration is coming from 8:32 – Working with a tax professional 10:14 – The impact of tax efficiency on retirement   Are The Wealthy Paying Their Fair Share? https://www.ftportfolios.com/Commentary/EconomicResearch/2024/10/10/three-on-thursday---are-the-wealthy-paying-their-fair-share   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

Think of your financial future like a jigsaw puzzle. Each piece- whether it's taxes, insurance, retirement accounts, or estate planning- represents a critical part of your financial life. Without the box cover it's hard to know how each piece fits. Understanding how the pieces of your financial puzzle interact is key to achieving your long-term goals. That's why having someone to help you put it all together who understands the big picture can be incredibly beneficial. As you listen to this episode, consider how your own financial puzzle is coming together. Do you have a clear view of the box cover? Are there pieces that don't quite fit? Tune in and let's explore this concept together! Here's some of what we discuss in this episode: 0:00 – Intro 2:58 – The key pieces of the retirement puzzle 4:21 – The risks of DIYing your retirement 6:29 – Why you should talk to a professional 8:31 – Finding the right fit 11:41– Listener question Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

Long-term care is a topic that often gets swept under the rug, but it is such a critical part of retirement planning. In this week's episode, Charles and Marc discuss an article from Investment News that highlights some interesting statistics and misconceptions surrounding long-term care. Did you know that three out of four people will require some form of long-term care in their lifetime? Despite this, only a small percentage actually have long-term care insurance. Charles explains how many people mistakenly confuse long-term care insurance with other types of coverage, like disability or health insurance, which can lead to expensive consequences later on. Join us as we explore the realities of long-term care needs and share practical advice on how to approach this important topic with your financial advisor.   Here's some of what we discuss in this episode: 0:00 – Intro 1:09 – Long-term care misconceptions 5:22 – Average length of long-term care 8:13 – The importance of long-term care discussions 11:31 – Listener question about financial involvement   Resources for this episode: Article from Investment News https://digitaledition.investmentnews.com/articles/draining-the-pool-of-confusion-surrounding-long-term-care-insurance   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

We've got another listener question episode for you today! Tune in as Charles answers a few questions from podcast listeners like you. In this week's edition, a listener named Wendy asks if it's okay to have all her 401k money invested in American Funds or if she should diversify into other investments. Charles also tackles a question about how aggressive one's retirement savings goals should be to retire by 60. He explains how these goals can vary depending on your retirement timeline and shares what future factors you would need to consider. While the right savings amount differs for everyone, Charles walks us through the process of setting those goals. Here's some of what we discuss in this episode: 0:07 – Wendy asks “I rolled over a 401k to an advisor a couple of years ago, and he put all the money into something called American Funds. Is that an okay fund, or should I be invested in other things as well? Kind of feels like one thing seems a little weird. What are your thoughts?” 5:07 – Tony asks “I'm 50 years old. Would like to retire before I'm 60. I'm willing to save aggressively to make that happen. How do you determine how much you'll need to save for something like that each month?”   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

According to a recent survey by Bankrate, roughly 25% of Gen Zers and 21% of Millennials are not saving enough for emergencies. This statistic is alarming, considering that 44% of Americans said they couldn't cover a $1,000 emergency out of pocket. What's causing this? While some claim that inflation is to blame, Charles points out that one of the biggest obstacles to financial stability is financial illiteracy. The lack of financial education in American schools means that many young people feel ill-prepared to manage their finances. Let's chat about creating healthy financial savings habits and what you can do to set yourself up for success.   Here's some of what we discuss in this episode: 0:00 – Intro 0:49 – Gen Z and Millennial saving regrets 1:59 – The importance of financial literacy 5:20 – Being responsible over your actions 8:36 – Finding financial resources and advice   Check out the Bankrate article: https://www.bankrate.com/investing/americans-biggest-financial-regrets-survey/   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

Ever had that “light bulb” moment when everything just clicks? Retirement planning is full of them. Charles has had many clients experience these moments of clarity throughout the planning process, one of which he's going to share with us today. If you're ready to experience your own "aha" moment and take control of your retirement planning, reach out to Charles Scott and his team at Pelleton Capital Management.   Here's some of what we discuss in this episode: 0:00 – Intro 0:34 – A memorable client experience 2:42 – What is the “aha” moment? 5:36 – Intellectually and emotionally owning your plan   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

In this episode of Financial Choices Matter, Charles Scott tackles some common yet critical retirement planning questions from listeners. Charles offers insightful advice on managing portfolios, Social Security benefits, and the importance of risk allocation. He also delves into the pros and cons of consolidating old 401(k) plans and the complexities of having investments, taxes, and legal documents handled by the same firm. Tune in to gain valuable knowledge that could help you make more informed financial decisions for a meaningful retirement.   Here's some of what we discuss in this episode: 1:00 - Mary asks "My portfolio dropped quite a bit earlier this year and then recovered some. But it's still down a bit from where it was at its peak. I'm retired and rely totally on this money for income because I haven't started my Social Security. I've been wanting to wait until age 70 to start it, but now I'm wondering if I should take it now?" 6:20 - Patrick asks "I have two old 401Ks that I've been meaning to rollover for a while. I also have a third 401K with my current employer. Should I roll the old ones into the current 401K or into an IRA instead? It sure would be nice to have it all under one account to make the value look bigger!" 10:40 - Ronnie asks "Is it a good idea or bad idea to have my investments, taxes, and legal documents for my estate all handled by the same firm?"   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement

In today's episode, we're taking it back to the basics to start 2024 on the right foot. Listen in as we cover the 5 crucial parts of financial planning. From understanding income and expenses to risk management, we'll cover the pillars that make up a comprehensive plan.   Show Notes:  0:48 - Main Topic: 5 Part To Financial Planning 2:00 - Income 4:41 - Tax Planning 8:22 - Estate Planning 11:10 - Investment Planning 14:44 - Risk Management 18:12 - Mailbag: Carl Asks About Selling Land   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/  

In today's episode, we're focusing on a critical aspect of retirement planning: healthcare costs. How well-prepared are you to handle medical expenses after you retire? We'll discuss everything from Medicare complexities to strategies for managing unexpected health-related expenses. Tune in as we break down the essentials of healthcare financial planning for retirees.   Show Notes:  0:45 - Main Topic: Strategic Planning for Retiree Healthcare 1:55 - Misconceptions 4:35 - Major healthcare related expenses 9:36 - Long term care insurance 13:59 - Mailbag: Jenny asks what she should do with her raise   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

There's a lot going on in the financial industry. In today's episode, Charles is going to address some of the things that are driving him crazy in the community, from the plethora of confusing financial designations to the lack of attention given to long-term care planning. At the end of the episode, Charles answers a listener question about combining finances and discusses the importance of financial communication in a relationship.   Show Notes:  1:05 - Main Topic: What's Buggin' Charles? 1:54 - Designations 6:11 - Not Enough Emphasis On Long Term Care Conversations 17:54 - Mailbag: Valerie Asks For Advice On Combining Finances   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care. Whether you're an eternal optimist or cautious pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, “Is the glass half full or half empty?"   Show Notes:  0:55 - Main Topic: Future Of Retirement 2:49 - Long Term Care 6:37 - Longevity 9:01 - Taxes 13:38 - Stock Market 16:38 - Mailbag: Randall Asks If He Should Start Working With A Financial Advisor   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

Are you nearing “retirement age?” If so, let's explore that pivotal question you'll soon face: Should you retire or continue working? We'll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you're truly ready to retire.   Show Notes:  0:32 - Main Topic: Ready Or Not Retirement 2:18 - Don't Want To Retire 7:46 - Lack Of Confidence 11:09 - Not Enough To Retire 15:38 - Mailbag: Greg Asks If He Should Take The Pension Buyout, Or Go With The Monthly Payments   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/

In this episode, we tackle the common complaints and fears about financial situations during retirement. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:37 - Main Topic: Retirement Planning Complaints 2:18 - Too Much Risk 4:39 - Fees Are Too High 7:50 - Social Security Won't Be Enough To Cover My Expenses 9:08 - My Account Didn't Do Very Well 10:57 - I Only Hear From My Advisor When They Want To Sell Me Something 13:32 - Mailbag: Brian Asks About Long Term Care Policies  

It's not just the financially uncertain who need to think carefully about their retirement plan. Even those who feel confident in their retirement savings might still have important questions to answer and decisions to make. In this episode, we'll explore the three retirement planning mindsets: those who have no idea if they can retire, those who think they have enough money to retire, and those who know for sure they have enough money to retire. We'll discuss the key considerations and next steps for each of these mindsets to help you prepare for a fulfilling retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:23 - Main Topic: Unsure, Confident, or Certain: Retirement Planning Next Steps 1:59 - I Have No Idea If I Can Retire 5:11 - I Think I Have Enough Money To Retire 7:57 - I Know I Have Enough Money To Retire 9:35 - New Long-Term Care Product 14:07 - Mailbag: Laura Asks If Her Account Is Too Small For Her Financial Advisor To Care About  

In the complex world of retirement planning, there are countless pitfalls one could fall into. In this episode, we've distilled it down to what we believe are the top 5 mistakes to watch out for. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. So, join us as we delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:33 - Main Topic: The 5 Biggest Money Mistakes In Retirement Planning  2:00 - Ignoring Tax Implications 5:01 - Starting Social Security Too Early 6:34 - Ignoring Long-Term Care Costs 8:24 - Update Your Plan 9:19 - Poor Communication Between Spouses 13:22 - Mailbag: Bill Is Concerned About Bank Investments 17:54 - New Long Term Care Product

Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We'll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can make an informed decision. Join us and discover why understanding the purpose of these accounts is essential for securing a comfortable retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:30 - Main Topic: Retirement Savings Basics 2:10 - 401(k)s, 403(b)s, & 457 Plans 3:17 - Pros Of Traditional Accounts 5:32 - IRAs 7:22 - Simple IRAs 8:16 - HSAs & FSAs 11:35 - Annuities, CDs, & Dividend Stocks  12:35 - How Do You Choose Which Account Is Right For You? 14:42 - Mailbag: Claire Asks If She Should Push Her Retirement Date Back

Are you preparing for retirement but feeling confident that you have covered all the expenses? Well, think again... It turns out that many retirees overlook some crucial expenses that can leave them financially vulnerable. In this episode, we explore the retirement expenses that most people tend to forget, including skyrocketing medical bills, unexpected travel costs, taxes, and much more. We'll discuss practical tips and strategies to help you plan for these expenses and ensure a secure and comfortable retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:39 - Main Topic: Retirement Expenses For Which You Forgot To Plan 1:57 - Medical Expenses 4:50 - Unexpected Travel 6:31 - Taxes 8:20 - Housing Maintenance 9:48 - Inflation 13:26 - Mailbag: Jackson Asks How To Handle Fear Of The Market 16:05 - Upcoming Online Workshop

A million dollars is a goal that many people strive to earn for their retirement nest egg, but how far can that lump sum actually carry you? Today we will be looking at an article that breaks down how far a million dollars go in various states. CNBC Article: https://www.cnbc.com/2022/12/17/states-where-1-million-dollars-retirement-savings-runs-out-fastest.html Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:34 - Main Topic: How Far Does A Million Bucks Go 1:34 - Most Expensive States 3:57 - Surprising Finds 8:38 - Why You Need To Plan 11:09 - Mailbag: Martha Asks About RMDs 16:45 - New Long Term Care Solution

Another year is upon us and it's a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023. If you're retiring this year, it's essential to have some concrete answers to these questions. If you're still a few years from the milestone, tune in so you can start thinking about these critical conversations. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:09 - Main Topic: Retirement Checklist 2:26 - How Much Monthly Income You Need In Retirement 4:49 - Ideal Time To Take Social Security 6:19 - Longevity Risk 8:22 - Market Volatility 9:30 - Inflation 10:48 - Tax Increases 13:37 - Healthcare Costs 14:45 - Legacy 15:57 - Current Investments 17:34 - What Do You Want Retirement To Look Like? 19:03 - Mailbag: Richards Asks If A 529 Plan Is The Best Vehicle For College Savings 22:16 - Upcoming Long Term Care Workshop

As we approach the end of the year, saving money on taxes becomes a bigger focus for many people. But let's broaden the scope out for this particular episode and focus on some of the most common retirement planning questions about taxes. We'll talk about mistakes to avoid and how a proper plan can make a significant difference in someone's tax savings. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:45 - Main Topic: Most Common Retirement Planning Questions About Taxes 1:51 - Am I Going To Have Deductions In Retirement? 4:09 - Being In A Lower Tax Bracket In Retirement 5:26 - Are All Of My Retirement Accounts Taxed The Same? 7:15 - Bad Tax Mistake 9:20 - Tax Free Retirement 11:11 - Moving To A No Tax Income State 13:24 - Tax Planning Strategy Story 15:31 - Mailbag: Wendy Asks About The Roth Option For Her 401(k) 17:01 - Upcoming Online Workshops

Too many folks misunderstand bonds, how they work, and what role they play in a proper financial plan. We'll address some of those bond related issues on today's show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:41 - Main Topic: How Bonds Work 1:39 - Basics Of Bonds 2:22 - Individual Bond Vs Bond Fund 6:57- Target Date Funds 7:42 - Should You Move To Bonds For Safety? 9:06 - Mailbag: Kevin Asks About Company Stock 11:41 - Upcoming Online Workshops

It's been said that “the sales brochure giveth and the fine print taketh away.” On this episode, we'll talk about some of the things we hear from people when they don't pay enough attention to the fine print. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:38 - Main Topic: Fine Print 4:03 - Increase On Long Term Care Insurance 5:42 - High Fees On Annuity 7:03 - Mutual Fund Performance 8:40 - Life Insurance Increase 10:23 - REITs 13:57 - Mailbag: Elizabeth Asks What To Do With Her Inheritance Money

There are plenty of decisions that you'll make in the retirement planning process that can't be undone, so you want to make sure that you make the right call. On this episode, we'll explain why these decisions are so important and can't be undone. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:35 - Main Topic: Irreversible Financial Decisions 1:29 - Social Security 4:30 - Spousal Benefits For A Pension 6:01 - Getting Life Insurance 8:59 - Choosing A Retirement Date 10:57 - Mailbag: Grace Asks About Keeping Finances Separate In A Marriage 14:06 - Upcoming Webinar

There are many things that we know we'll have to deal with in retirement, we just don't know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors? Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:50 - Webinar 2:21 - Main Topic: Planning For Retirement's Uncertainties 2:47 - Be Flexible 4:14 - Longevity 5:32 - Interest Rates Going Up 7:18 - Future Tax Rates 10:52 - How Do We Plan For These Items? 12:26 - Social Security 15:37 - Stock Market Returns 17:30 - Inflation 22:27 - Mailbag: Jim Asks About Where He Can Save Money For Retirement

Being a good advisor isn't about winning a popularity contest or just saying the same things that everyone else in the industry says. It's about giving the best advice that you can for each individual situation. On today's show, we're going to peel back the curtain to discuss some areas where a good financial advisor's opinions might go against the grain with mainstream ideas in the industry. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:43 - Webinar 2:08 - Main Topic: Against The Grain 4:11 - Appropriate Amount Of Risk 6:00 - Appropriate Use Of Life Insurance 8:09 - How To Handle Debt 9:27 - Paying Off The House 11:11 - Annuities 12:25 - Mutual Funds 14:13 - How Much Cash Should You Have? 16:17 - Mailbag: Carrie Asks If It's Okay To Use Commissions For Her Retirement Savings

Finding yourself between jobs can be frustrating—whether you were fired, laid off, or just had to step away of your own choosing. But it can also present some opportunities. Let's discuss some of the challenges and opportunities that you need to consider if you're between jobs. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:33 - Main Topic: Financial Planning Considerations When You're In Between Jobs 3:00 - Career Change 4:07 - Self Employment 6:37 - Health Insurance 9:00 - Rolling Over Your 401(k) 10:34 - Severance Package 14:04 - Taxes 16:48 - Mailbag: Rita Asks If She Needs A Financial Advisor

Going through a divorce at any age is difficult, but doing it near or in retirement adds all sorts of additional complications. On this episode, we'll talk about some of the financial mistakes we see people make in the midst of a divorce. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:41 - Being a certified divorce planner 2:37 - Choosing the house as a safety blanket 5:37 - The tax implications of retirement funds 7:28 - Qualified domestic relations order  11:11 - Going to a single tax status  13:56 - Mailbag: Should I load up on stocks? 18:48 - Join us at future webinars!

In some ways, retirement planning was easier for past generations. Let's explore how a good financial advisor helps people overcome the additional challenges of today. Our parents and grandparents may not have had to face these things, so just relying on the experiences of family members might not be enough to help us achieve our own financial success. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:07 - Main Topic: Retirement Planning Ain't What It Used To Be 2:00 - Pensions 5:30 - Living Longer 8:54 - Interest Rates 11:49 - Too Much Information 14:45 - Mailbag: Marty Asks When He Should Get Back Into The Market 18:49 - Upcoming Workshops

On this episode, we'll try to pick sides of some important financial debates. From bonds to life insurance, credit card debt to starting Social Security, we'll propose several different topics to see which sides of the debates you and your advisor should probably fall on. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:09 - Main Topic: Important Financial Decisions 1:46 - Paying Off The House 6:01 - Life Insurance 8:19 - Deferring Taxes 11:11 - Credit Cards 13:18 - Start Social Security As Soon As Possible 15:56 - Mailbag: Buddy Asks How To Fill Medicare Time Gap 17:49 - Upcoming Workshops

Student loan forgiveness is a hot topic of discussion right now. Many people fear the cost of something like this and the lessons it will teach the younger generation, while others argue the cost of higher education is exorbitant and we need to extend help for those who have a lot of debt. There are both pros and cons to each side that we will be discussing on today's show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:00 - Main Topic: Potential Student Loan Forgiveness 3;19 - Lessons Learned 7:37 - Boost In GDP 9:12 - Getting A Plan 11:11 - Knee Jerk Reactions 13:48 - Mailbag: Janice Asks About Finding The Right Advisor 17:36 - Workshops & Webinars

Healthcare can be one of the biggest expenses in retirement and it keeps steadily increasing. We will look at some statistics and numbers as it relates to paying for healthcare and how to plan for these costs. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:23 - Main Topic: The Rise Of Healthcare Costs 4:17 - Medicare Premiums 6:10 - Early Retirement 8:06 - Social Security Percentage 9:04 - How To Combat Rising Costs 13:05 - Mailbag: Ross Asks About Tax Implications When Selling An Inherited House

Sure, life insurance is one of the more boring topics to cover on a podcast. And a lot of what you hear is going to warn you why you should NOT get various types of life insurance. But our goal on this episode is to focus on the positive and analyze the reasons why you should get life insurance, or at least consider it. Many people think that once the kids are out of the house, you don't need insurance anymore. But there are some other reasons why life insurance can be a useful part of your retirement plan. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:32 - Main Topic: Why You Should Consider Life Insurance 2:54 - Income Replacement 4:37 - Tax-Free Income 8:40 - Long Term Care Coverage 10:05 - Second Topic: American Retirement Statistics 10:52 - Retirement Age & Income 11:57 - Life Expectancy 14:12 Long Term Care 18:23 - Mailbag: Catherine Asks For Advice On Investing A Lump Sum Of Money

There are some important terms you're going to come across as you prepare for retirement. Having a basic understanding of these will help you achieve financial success, so we'll cover what they mean and what you should know on today's episode. And don't worry. We won't go quite so far down the rabbit hole where we expect you to be able to explain how a company's P/E ratio meshes with it's Alpha and Beta ratings to determine how much stock you should buy. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:24 - Main Topic: Financial Jargon 2:00 - Fiduciary 3:50 - Volatility 5:29 - Risk Tolerance 6:27 - Dollar Cost Averaging 8:26 - Asset Allocation 10:22 - Second Topic: Common Housing Questions 10:50 - Does It Make Sense To Pay Off The House? 12:22 - Signing It Over To A Family Member 15:17 - Reverse Mortgage 17:08 - Mailbag: Tracy Asks What To Do If You're Too Scared To Put A Plan Together

It does seem like anyone can call themselves a financial advisor these days. So how can you sort through the different levels of qualification in the industry? On this episode, we'll try to explain some of the most common designations you'll encounter on your financial planning journey. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:18 - Main Topic: Financial Jargon 2:04 - IAR & RIA 4:28 - Different Licenses 8:23 - College Degree 10:51 - Mailbag: Doug Asks How 401(k) Rollovers Work 13:57 - What's Buggin' Charles?

Most people, when trying to plan their retirement, have to guess about the answers to some important questions. Let's talk about some of those questions and why you need to have a better answer than just a guess. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:21 - In The News: Inflation 7:24 - Main Topic: Guessing In Retirement 7:43 - How Much Money Will We Need Monthly In Retirement? 9:36 - Emergency Fund 12:05 - Plan For Inflation 14:30 - Healthcare Costs 16:58 - Mailbag: George Asks About Diversification In His IRA

We all should realize that planning for retirement is relatively complex. There are a lot of different moving parts and factors to consider. Adjusting any of these variables can impact the end result. But is there one part of the retirement planning process that's most important? We've assembled several opinions on the topic from across the internet. Let's see if the advice hits the mark or needs further exploration. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:12 - Main Topic: Most Important Parts Of Retirement Planning 2:41 - Start Now 3:50 - Risk Tolerance 5:47 - How To Make Your Retirement Fulfilling 7:49 - Sam Asks About A Life Insurance Strategy 10:09 - Charles Explains His Newest Certification

Some people feel that they'll save money by handling their investments themselves instead of working with an advisor. Others may like the challenge of doing it themselves. Still others just don't know who to trust so they end up not working with anyone. Let's talk about some reasons that you might need an advisor. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:37 - Main Topic: Who Even Needs A Financial Advisor? 2:15 - You're A Procrastinator 4:31 - You Have No Idea What To Do 7:07 - You Want To Enjoy Retirement 9:33 - Mailbag: Vicky Asks If She Should Split Her Retirement Assets 13:03 - Charles Is Now A Certified Dementia Practitioner

At the beginning of every year, people love to make predictions and prognostications about what's going to happen to the economy in the coming months. Let's take a look at what the “experts” are saying about the economic outlook of 2022. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:03 - In The News: San Francisco Suspended The City's Cannabis Tax 4:53 - Main Topic: 2022 Predictions 5:16 - Inflation 7:32 - GDP Forecast 11:29 - Mailbag: Steve Asks If It's Wise For His Mom To Sign Over Her House To Him 15:05 - Mailbag: Laura Asks About Early Retirement Considerations

Time for a little fun on this episode. We'll use some fill in the blank prompts to spark good discussion about relationships between advisors and their clients, the stock market, common planning mistakes, and much more! Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:15 - Main Topic: Fill In The Blank 1:30 - The Best Way To Be Sure You Don't Run Out Of Money? 2:49 - The Stock Market Has The Ability To? 4:36 - First Time Clients Are Mostly Worried About? 6:15 - Most Common Mistake? 8:28 - The Most Gratifying Part Of The Job? 11:09 - Mailbag: Cliff Asks How Much Company Stock Is Too Much 13:12 - Mailbag: Rebecca Asks How To Stay Motivated When Saving For Retirement

This is part 2 to our resolutions for 2022. See if you might be able to implement a couple of these to kick off the new year in good, financial health. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  2:20 - Check Your Credit 4:00 - Check Your Fees 6:36 - Share Your Knowledge 8:49 - Donation Opportunities 10:52 - Review Your Tax Bracket 13:13 - Ask If A Roth Conversion Is Right For You 14:48 - Update Your Paycheck Withholdings 15:52 - Rebalance Your Portfolio 16:56 - Plan Your Transition To Retirement 19:02 - Consolidate Accounts 20:25 - Listen To More Episodes Of This Podcast

You might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you'll be well on your way to a more prosperous financial life in the coming year. We will go over the first 11 resolutions on today's show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  0:34 - Main Topic: 22 Resolutions For 2022 2:24 - Reduce Your Debt 3:50 - Boost Your Retirement Savings 5:15 - Emergency Fund 6:18 - Don't Overreact To Headlines 7:46 - Implement A Budget 9:08 - Meet With A Financial Professional 10:48 - Check Beneficiary Designations 12:24 - Have Tough Conversations 13:54 - Audit Your Insurance 15:19 - Refinancing Your Mortgage 16:44 - Get Organized 18:10 - What's A Fiduciary?