Getting Started with Investing
Pete, Some of my friends are opening Roth IRA accounts and telling me what a good idea they are. I understand how they’re different from a normal IRA account, and I think I’d like to open my own account, but…
Category Archives: Retirement
They Say, ‘Time Is Money.” Let’s Make That Make Cents…
In episode 333 of the Pete the Planner Show, Pete and I found ourselves discussing the role that time plays in our investing lives. The short version is this: The younger you are when you begin investing, the more of…
Could a retiree outlive his savings even with a part-time job? Possibly.
Dear Pete, I just retired at 60. I am a single, head-of-household male with no children. When I retired, my annual salary was about $120,000. I have had my mortgage paid off for about four years and have no monthly debt load. I have approximately…
Ep. 335: With $1M Saved, I Can Retire Now, Right?
Back into the mailbag! New on the show, Pete and Damian try to find balance in their skepticism toward a retirement-bound writer. With over $1M in investable assets and a continuing part-time job, why is he still concerned about outliving his…
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This Is My First 401(k) – What Should I Do?
Hey Pete & Damian! I just became eligible to start a 401(k) account at work. This is the first time I’ve ever had a 401(k) and I’m not sure what I should be doing. Can you help? Thanks! — Nevaeh…
Can $180,000 really last 65-year-old, soon-to-be retiree until 100? It depends.
Dear Pete, I am now 65 and on the verge of retiring. I am reluctant to retire but am feeling it is time to leave my position for various reasons. I hope to continue working part time if I find…
Reflection – Ep. 329: Why HSAs are one of the best financial products on the planet
The simple insights Pete, Damian, and their special guests consistently bring to the often complicated, nuanced nature of money makes me smarter. The way they chat in simple terms and real-life scenarios just works. :whisper: After each podcast I make…
Is Social Security Going Broke?
Pete, A guy at work keeps telling me that Social Security is going to go broke so I better not count on getting any benefits from it when I retire (I’m in my late 20’s). I make a decent living…
3 Signs Your Finances Aren’t Ready for Retirement
We decided to climb Pikes Peak, and after we parked and made our way to the trailhead with our friends, my wife ominously blurted “there’s no turning back now.” She was wrong. Sixty minutes later, I was on my way back…
Before buying your parents’ house, calculate its effect on retirement
Dear Pete, My wife’s parents are moving to a retirement community and would like to sell us their house. The house would be about $45,000 more than ours and has some charming features. It needs a lot of renovation/redecorating ($60-$80K…