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Financial and retirement planning guidance from Chris Patterson of Patterson Financial. Serving Florida's First Coast.
Episodes
Thursday Oct 15, 2020
Thursday Oct 15, 2020
We all have some things we would have liked to differently in hindsight, especially as it relates to our finances. That might be especially true in 2020 as we all deal with difficult circumstances due to COVID-19. Here are some things we might hear about our planning decisions in hindsight.
Read more and get additional financial resources here: https://pffirm.com/2020/10/hindsight-in-20-20-in-financial-planning/
What we discuss on this show:
3:42 - I got scared after the market crashed and put my money in cash. Now I’ve missed the big run up in the market.
6:50 - I didn’t realize how much risk I was taking on.
9:30 - I didn’t understand my options with Social Security and I should have waited to start taking it later.
11:17 - I should have put more money into a Roth IRA rather than saving so much in my 401k.
13:45 - I probably retired too early and I might need to go back to work.
15:36 - Mailbag question: I’m getting a big tax refund and have for the last several years. Am I better off keeping more money throughout the year?
Thursday Oct 01, 2020
Thursday Oct 01, 2020
Investing now is much different than it was even 20 years ago and your retirement planning needs to evolve with it. Today we’ll discuss five different planning ideas that might have been solid at one point but don’t work as much under the current economy and market conditions.
Read more and get additional financial resources here: https://pffirm.com/2020/10/obsolete-retirement-planning-ideas/
What we discuss on this show:
3:18 - Trump’s capital gain tax proposal
7:35 - Obsolete planning discussion begins with the 4% rule
9:48 - The 10-5-3 Rule
11:52 - Move from stock to bonds as you get older
14:11 - Make it to $1 million and you’re ready to retire.
17:28 - You’ll need less income in retirement than when you’re working.
20:36 - Don’t generally follow any rules of thumb in retirement planning. Map it out.
Thursday Sep 17, 2020
Thursday Sep 17, 2020
The retirement world is full of retirement rules. Are these rules legit or full of bull?
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Sep 03, 2020
Thursday Sep 03, 2020
Putting together a retirement portfolio can seem like a daunting task, especially if you don't have a lot of knowledge pertaining to the financial industry. Chris discusses what the 4 key areas of a portfolio are and some things you should look out for in each category.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Aug 20, 2020
Thursday Aug 20, 2020
There are some financial planning blunders that are interesting to talk about but are quite rare in reality. On the other hand, there are some financial planning mistakes that happen far too often. Let’s talk about the mistakes so many people have made in the past it has made them “classic”.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Aug 06, 2020
Thursday Aug 06, 2020
Many people believe that whoever is in the Presidential office has a direct correlation to how the stock market performs. Today Chris is here to debunk some common misconceptions about the relationship between the stock market and political matters.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Jul 16, 2020
Thursday Jul 16, 2020
People are always studying geniuses and highly intelligent people, trying to get an understanding of what makes them tick. Let’s look at some of the common characteristics of highly intelligent people that you should apply to your financial life.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Jul 02, 2020
Thursday Jul 02, 2020
It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine what’s best for you.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Jun 18, 2020
Thursday Jun 18, 2020
Today episode is dedicated to answering some email questions that we have received in the mailbag. We'll cover how accurate online retirement calculators are, having diversification in your portfolio, and the importance of being able to generate income in retirement.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Thursday Jun 04, 2020
Thursday Jun 04, 2020
No one knows exactly what the market holds, but you don't need a crystal ball to have a successful investment plan. Chris will explain how standard deviation applies to this planning process and can give you confidence in the outcome.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489