Financial Choices Matter
Welcome to the ”Financial Choices Matter” podcast, hosted by Charles C. Scott, AIF®, CDP®, the Founder and President of Pelleton Capital Management in Scottsdale, Arizona. With over three decades of experience in financial advisory, Charles is dedicated to helping families assemble their financial puzzles. This podcast brings you in-depth guidance on the Five Pillars of Comprehensive Financial Planning: Cash Flow, Risk Management, Tax, Investment, and Estate Planning. Each episode aims to be your ”box top,” providing the clear vision needed to achieve a financial future tailored to your unique goals. Join us as we explore how to prioritize, organize, and seamlessly fit each piece of your financial puzzle into a cohesive whole. Tune in for strategies to maximize assets, minimize taxes, and provide peace of mind for you and your family. Upholding the principles of being fiduciary, independent, and objective, ”Financial Choices Matter” is your trusted resource for practical and profound financial insights. Subscribe and journey with us toward a secure and well-planned future.
Episodes
Wednesday Jul 10, 2024
Wednesday Jul 10, 2024
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
Thursday Jan 11, 2024
5 Pillars of Financial Planning
Thursday Jan 11, 2024
Thursday Jan 11, 2024
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 Planning2:00 - Income4:41 - Tax Planning8:22 - Estate Planning11:10 - Investment Planning14:44 - Risk Management18:12 - Mailbag: Carl Asks About Selling Land
Contact:
Phone Number: 480-513-1830
Website: https://pelletoncapital.com/
Thursday Dec 14, 2023
Strategic Planning for Retiree Healthcare
Thursday Dec 14, 2023
Thursday Dec 14, 2023
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/
Thursday Nov 09, 2023
What’s Buggin’ Charles?
Thursday Nov 09, 2023
Thursday Nov 09, 2023
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 - Designations6:11 - Not Enough Emphasis On Long Term Care Conversations17:54 - Mailbag: Valerie Asks For Advice On Combining Finances
Contact:
Phone Number: 480-513-1830
Website: https://pelletoncapital.com/
Thursday Oct 12, 2023
The Future of Retirement In America: Is The Glass Half Full or Half Empty?
Thursday Oct 12, 2023
Thursday Oct 12, 2023
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/
Thursday Sep 14, 2023
Ready Or Not Retirement
Thursday Sep 14, 2023
Thursday Sep 14, 2023
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 Retirement2:18 - Don’t Want To Retire7:46 - Lack Of Confidence11:09 - Not Enough To Retire15:38 - 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/
Thursday Aug 10, 2023
Exposing Common Retirement Complaints
Thursday Aug 10, 2023
Thursday Aug 10, 2023
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 Complaints2:18 - Too Much Risk4:39 - Fees Are Too High7:50 - Social Security Won’t Be Enough To Cover My Expenses9:08 - My Account Didn’t Do Very Well10:57 - I Only Hear From My Advisor When They Want To Sell Me Something13:32 - Mailbag: Brian Asks About Long Term Care Policies
Thursday Jun 08, 2023
Unsure, Confident, or Certain: Retirement Planning Next Steps
Thursday Jun 08, 2023
Thursday Jun 08, 2023
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
Thursday May 11, 2023
The 5 Biggest Money Mistakes In Retirement Planning
Thursday May 11, 2023
Thursday May 11, 2023
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 Implications5:01 - Starting Social Security Too Early6:34 - Ignoring Long-Term Care Costs8:24 - Update Your Plan9:19 - Poor Communication Between Spouses13:22 - Mailbag: Bill Is Concerned About Bank Investments17:54 - New Long Term Care Product
Thursday Apr 13, 2023
Retirement Savings Basics: What’s The Purpose Of All My Accounts?
Thursday Apr 13, 2023
Thursday Apr 13, 2023
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