January 18, 2022

Ep. 440: Should you care if your financial advisor is an avid gambler?

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: Can an emailer retire, whether or not you should be bothered by your advisor’s sports gambling, and how you can avoid the impending tax refund delay. Oh, and Pete may have been over-caffeinated.

Here’s a preview of what happened and when:

Show Notes:

Emailer asks questions, saves words for himself

Hi. We’re 55. 4.6m net worth, 1m of which is in our home. 2 private colleges funded
0 debt. 120k a year all in spending and we can easily cut back
Estimate 5k a month SS in 12 years or more waiting to 70.5.
Can we retire? P.S. 60/40 portfolio. 6% rebalancing bands.

Pete and Dame debate the relevance of a financial advisor’s sports gambling

  • As it turns out, it bothers both Pete and Dame. But they admit they’re likely way over-sensitive to this topic.
  • Gambling and investing are not the same, but sometimes people approach investing like they approach gambling, which is where things start to go horribly wrong.

The IRS is incredibly understaffed, which means tax refunds could be severely delayed this year

In the first 6 months of 2021, 15,000 IRS employees tried to handle 240 million calls. Yeah, that didn’t work.

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


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

The post Ep. 440: Should you care if your financial advisor is an avid gambler? appeared first on Pete the Planner®.


Step up your financial wellness game.

Stay up-to-date with the latest in employee wellbeing from the desk of Pete the Planner®. Subscribe to the monthly newsletter to get industry insights and proven strategies on how to be the wellness champion your team wants you to be.