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/

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/