Financial Choices Matter

22 Resolutions for 2022, Part 1

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?

Quit Cutting Corners In Financial Planning

Let’s look at the ways that some people try to cut corners in their retirement planning.
Contact:
Phone Number: 480-513-1830
Website: https://pelletoncapital.com/
Show Notes: 
0:38 - Thanksgiving
2:54 - Main Topic: Quit Cutting Corners In Financial Planning
3:33 - Getting Legal Documents In Place
6:53 - Not Getting Organized
8:57 - Avoiding Long Term Care Discussion
13:21 - Mailbag: Elizabeth Asks If She Should Rollover Her Pension Fund
16:41 - Mailbag: Mary Asks If It's Wise To Start Budgeting

Retirement Jigsaw Puzzle

To successfully complete a jigsaw puzzle, there are some strategies that you’ll want to keep in mind. And many of those same strategies apply to retirement planning.
Contact:
Phone Number: 480-513-1830
Website: https://pelletoncapital.com/
Show Notes: 
0:44 - Main Topic: Retirement Jigsaw Puzzle 
2:05 - The Big Picture
3:47 - Building The Framework
5:08 - Sorting Out Your Priorities
8:30 - End Game
11:34 - Mailbag: Wade Asks About Early Retirement
16:46 - Mailbag: Vicki Asks About Working In Order To Receive The Maximum Social Security Benefit

Financial Temptations

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

Income Planning Essentials

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

How Age & Wisdom Play Into Financial Planning

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

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