The Pete the Planner® Show

Latest Episodes:

Ep. 451: Thing That Matter with Joshua Becker Apr 19, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

In this week’s episode, we’re talking to friend of the show Joshua Becker. Joshua’s new book Things That Matter is available for purchase April 19th.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 451: Thing That Matter with Joshua Becker appeared first on Pete the Planner®.

Ep. 450: What parts of your financial life should be automated? Apr 05, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

In this week’s episode, we’re taking a look at how much of your financial life should be automated. The reality is, sometimes automation burns you.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 450: What parts of your financial life should be automated? appeared first on Pete the Planner®.

Ep. 449: Should you be concerned if your advisor is charging you 2.5 percent? Probably Mar 29, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

In this week’s episode, we’re taking a look at advisor fees. We’ll discuss what’s normal, what’s high, and why you should care.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 449: Should you be concerned if your advisor is charging you 2.5 percent? Probably appeared first on Pete the Planner®.

Ep. 448: How much are gas prices really impacting your wallet? Mar 15, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

In this week’s episode, we’re taking a look at how gas prices are directly impact your wallet. Yes, there’s indirect impact, primarily pass through by businesses. But is the direct impact really that bad?

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 448: How much are gas prices really impacting your wallet? appeared first on Pete the Planner®.

Ep. 447: The difference between risk tolerance and risk capacity Mar 08, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

In this week’s episode, we’re talking investing! We discuss a few finer point, which often get overlooked.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 447: The difference between risk tolerance and risk capacity appeared first on Pete the Planner®.

Ep. 446: The impact of Ukraine on the world economy Mar 01, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

In this week’s episode, we’re discussing the impact Ukraine has on the world right now. Please understand, our primary concern is with the Ukrainian people and their safety and security. We do explore other ways in which this crisis impacts other parts of the world.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 446: The impact of Ukraine on the world economy appeared first on Pete the Planner®.

Ep. 445: The housing market is a giant bubble, right? Feb 22, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

This week on the Pete the Planner Show, we’re exploring why we think the housing market is about to get hammered, and who’s going to suffer for it.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 445: The housing market is a giant bubble, right? appeared first on Pete the Planner®.

Ep. 444: Are 401k vesting schedules ethical? Feb 15, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

This week on the Pete the Planner Show, we’re exploring three main topics:

Are 401k vesting schedules ethical?
Should my wife’s organ transplant affect our retirement spending strategy?
Why doesn’t the market spike on Fridays, due to everyone getting paid and making 401k deposits?

Here’s a preview of what happened and when:

Show Notes:

Emailer worried his employer’s 401 matching contributions could be pulled-back, if he leaves his job

Whether you know it or not, when your employer contributes to your 401k, their deposits aren’t completely yours until after a pre-determined period of time. Of course there’s a term for this; it’s called vesting. Vesting exists for a few different reasons, but the primary reason is to encourage you to stay at your job longer.

There are some strange ramifications to vesting, for both the employer and the employee. In this segment, we discuss whether vesting makes sense, and what you need to know to ensure you don’t miss-out on your employer’s contributions.

An emailer’s wife got two organ transplants; should that affect their planning?

The great challenge of financial planning is that a plan must be practical and realistic both 5 minutes from now and 30 years from now. Health realities only add to the complexity of financial planning. In this segment, the emailer must make decisions around pension survivor benefits.

Why doesn’t the market spike on payday, as millions make deposits into their 401k’s?

On the surface, this hypothesis makes a lot of sense. Why doesn’t the market spike on Fridays, or other popular paydays? It’s complicated, but 401k deposits aren’t as immediate as you think.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 444: Are 401k vesting schedules ethical? appeared first on Pete the Planner®.

Ep. 443: Could consumer habits solve the inflation problem? Feb 08, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

This week on the Pete the Planner Show, we’re exploring three main topics:

How often should you look at your investments?
Could changing consumer habits toward experiences, make goods less expensive?
How is a person who is very behind on retirement savings supposed to retire?

Here’s a preview of what happened and when:

Show Notes:

Looking at your investment account balances too often can cause undue financial anxiety

Dame admits to looking at his investments too often, in good times and in bad. And Pete admits to checking the price of certain investments during bad times, but can’t bring himself to look at the balance. The fact is, if you’re a long-term investor and the market is trending down, looking at your account is pointless. More harm than good can come from that increased awareness.

A new report suggests consumers are buying more experiences and fewer goods

When the pandemic started, all you could buy were goods, as experiences were more or less closed. With the return to normalcy at the front of everyone’s mind, consumers have started to buy less stuff and buy more experiences (like travel). Theoretically, along with the supply chain getting caught-up, could result in inflation finding itself under control.

If you’re 50 years old and just starting to save, is there hope at retirement?

Yes, but it depends on how much money you make and how much you spend. But not the way you think. The less your household income is, the more likely Social Security retirement can replace a great deal of that income once you reach full-retirement age. Your job then become to supplement that income by systematically investing during your remaining work years.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 443: Could consumer habits solve the inflation problem? appeared first on Pete the Planner®.

Ep. 442: Stress is an amazing financial motivator…at first Feb 01, 2022

Show notes

We want to answer your questions about money. Email us and you may hear yours on the air: askpete@petetheplanner.com

This week on the Pete the Planner Show, we’re exploring three main topics:

How does the taxation of ETFs differ from the taxation of actively managed mutual funds?
Does you level of stability impact your primary financial motivation? Pete says absolutely yes.
The economy is gonna get weird in the 2nd and 3rd quarter of 2022, according to Pete’s bold prediction of the week.

Here’s a preview of what happened and when:

Show Notes:

Diana wants to know if ETFs are a tax nightmare

When you are holding passive investment vehicles, your tax burden can often be significantly less than when you’re holding active vehicles. Dame explains.

Pete has a new theory about stress, reality, and opportunity

Pete’s hypothesis is that people who aren’t struggling, but also not stable, run the risk of chasing opportunity, as opposed to acting on the reality of the situation.

Will student loan repayments starting up again in May impact the economy?

Pete and Dame say yes, that is unless repayment obligations are delayed again.

Click the PLAY button below for the rest of the show!

SIDE NOTE:

— Give your personal finances a facelift. Explore our personal guidance platform: Hey Money. —

The post Ep. 442: Stress is an amazing financial motivator…at first appeared first on Pete the Planner®.