Dive into the world of financial emotions in this episode with Eric Peterson. Discover how greed, fear, hope, and pride can make or break your investment strategy. Eric unravels the complexities of managing emotions to ensure a secure and enjoyable retirement.

This episode isn't just about financial strategies; it's about understanding the human side of investing. It's about knowing when to hold on and when to let go, when to take risks and when to seek shelter. It's a must-listen for anyone standing at the cusp of retirement—or even those just starting to climb their financial mountain.

Here’s some of what we discuss in this episode:

• Greed motivates us to keep chasing returns in the market when we should be taking chips off the table.
• The pull between what you know you should do versus what fear is driving you to do.
• Why you need to have a plan for your spouse passing away.
• The role an advisor plays in helping you overcome emotions.

Get in touch with the Peterson Financial team: https://petersonfg.com/

Retirement is closer than you think, but are you ready? With a staggering number of people lacking confidence in their retirement savings, Eric shares the misconceptions people have and what mistakes can derail someone’s financial future. Many people feel inadequate when it comes to what they have saved in their nest egg, uninformed about the pitfalls of target date funds, and unprepared about the reality of leaving the workforce earlier than expected.

Here’s some of what we discuss in this episode:

• 76 percent of Baby Boomers say they are not confident they have saved enough.
• 30 percent of workers say they don't know what to do with their 401(k).
• 46 percent ​of ​workers ​leave ​the ​workforce ​earlier ​than ​they ​planned.
• Only 24 percent of retirees work with a financial advisor of some sort.

Get in touch with the Peterson Financial team: https://petersonfg.com/

Navigating life's financial crossroads can be tricky, especially when it involves your financial future. In this episode of Retirement Ready, Eric addresses these complex issues head-on. How do you best evaluate your broker and your investment performance against the S&P 500? Eric says a lot of that comes down to setting expectations and understanding the risks. Then, Holly wants to know what to consider before making a midlife career change.

Here’s some of what we discuss in this episode:

• Mailbag: Do I need to fire my broker?
• Mailbag: What to consider about switching careers in your mid-fifties.
• Mailbag: How to support adult children living at home.

Get in touch with the Peterson Financial team: https://petersonfg.com/