Financial Choices Matter

Summer Break & Inflation

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

Financial Fact Or Fiction

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

Are You Flirtin’ With Disaster?

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3:04 - The Risk Of Having Out Of Date Legal Documents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?

The Financial Dictionary

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

This Is Why You Never Assume

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

Biggest Client Concerns

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

Innovation Causing Disruption

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

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: 
2:13 - 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?

Where All My Financial Knowledge Comes From

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

Understanding The Different Types Of Risk

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?