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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson, CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401(k) account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.
- 382 - The Election is Over, Now What?
All of the back and forth is finally over and the election results are in. Donald Trump will take office for a second term and it’s already having a big impact on the market. The news is all over everyone’s feeds and our clients are asking us what this means for them.
We know the campaign trail is fraught with promises, empty or otherwise, on both sides. But will the reality be moving forward? How will a new administration impact the economy, taxes, the stock market, future generations, and other areas of planning? Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® react to the news and discuss what we know and don’t know as we begin thinking through planning decisions.
No matter how you feel about how the election turned out, it’s time to move forward and control what you can. Tax planning will continue to be incredibly important, which is why we will provide you with the booklet "Are You Paying Too Much in Taxes?" This resource aims to equip listeners with the knowledge and tools needed to navigate their financial future confidently and all you have to do is text OFFER to 800-757-0436.
Here’s what we discuss in this episode:
0:00 – Intro
2:33 – Taxes
3:25 – What’s next?
6:53 – Tax planning strategies
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Check us out on YouTube: https://bit.ly/3CcAzai
Fri, 08 Nov 2024 - 10min - 381 - Are Annuities a Good Source of Retirement Income?
Building a solid income plan is a foundational piece of retirement planning and there are a variety of ways to create those income streams. One product that often comes up during meetings is the annuity because of its ability to produce guaranteed income to replace your paycheck, but is it a good choice for your portfolio?
Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® join the Money Wisdom podcast to dive into a question we received: a friend told me that I should think about an annuity for retirement income. What do I need to watch out for with these products while I'm shopping around? If you're considering annuities as part of your retirement strategy, this episode is worth watching.
Here’s what we discuss in this episode:
0:00 – Intro
1:29 – Today’s question
3:20 – Types of annuities
5:22 – Goals for your money
6:47 – Other considerations
Get a copy of the ‘Are You Ready to Retire?’ starter kit by texting the word KIT to 800-757-0436.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 01 Nov 2024 - 10min - 380 - How Can You Earn Better Yield on Your Savings?
In a world where financial stability is paramount, many individuals are seeking ways to make their savings work harder without compromising on safety and liquidity. That’s why we want to tackle today from someone trying to generate greater yield: how can I earn more interest on $120,000 sitting in a bank account while maintaining safety and liquidity?
Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® join the Money Wisdom podcast to discuss various options, such as money market funds, short-term CDs, and fixed annuities, and emphasize the importance of aligning financial decisions with personal goals and overarching plans.
Here’s what we discuss in this episode:
0:00 – Intro
1:20 – Today’s question
2:30 – The why
3:22 – Goals for this money
4:55 – What options do you have?
7:06 – Tax considerations
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Watch the show on YouTube:
Fri, 25 Oct 2024 - 10min - 379 - Is Your Portfolio Ready for Retirement?
Retirement is a significant milestone in life, and preparing for it requires careful planning and strategic financial management. Knowing when to dial back the risk in your portfolio can help protect your portfolio and keep you on track in retirement. In the latest episode of the Money Wisdom podcast, financial planners Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® answer a question about when to adjust your investment strategy as you approach retirement.
Here’s some of what we discuss in this episode:
The differences between investing and saving for retirement versus investing and saving in retirement. What sort of qualities do your investments need to hold in retirement? Structuring plans from an investment standpoint based on risk tolerance. Planning can help you identify how much risk you need to take and determine whether you can dial it back.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 18 Oct 2024 - 13min - 378 - What Should You Do with an Inherited IRA?
The one constant in financial planning is change, especially when it comes to tax laws. The government is always adjusting tax laws and they’ve recently made some changes to the rules around retirement accounts. For people that have been saving for retirement, it’s important know how these changes will affect you and your family.
In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle the intricate subject of inherited IRAs and the ever-evolving tax laws that accompany them. As tax regulations change, it's crucial to stay informed and prepared to handle the financial implications that arise when inheriting retirement accounts.
Here’s some of what we discuss in this episode:
The changes made to the stretch IRA that will force you to pay taxes on that money much sooner. Why does Uncle Sam require a minimum distribution on inherited IRAs? How this changes the legacy planning portion of our conversation with clients?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 11 Oct 2024 - 12min - 377 - When is the Best Time to Take Social Security?
Nearly everyone we talk to wants to know when is the ideal time to take Social Security, and that’s a natural question because they’ve been paying into it for a very long time. Clients not only want to start getting that money out but want to do it in the most efficient way so they can maximize their benefit.
Making the decision about when to start taking Social Security benefits is one of the most crucial financial choices you’ll face as you approach retirement. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® take you through the process for making this decision and how we approach it with our clients.
Here’s some of what we discuss in this episode:
The key ages for Social Security.
The viability of the system and the benefits.
One of the biggest questions we get asked is about break-even points.
Why taking them sooner might allow you to enjoy the money and continue to grow your assets for your heirs.
The other factors that play into your decision.
To aid in this decision-making process, Johnson Brunetti offers a helpful booklet on Social Security decisions. You can get your hands on this resource by texting the word "social" to 800-757-0436. This booklet can provide you with the information you need to make an educated choice about when to start taking your benefits.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 04 Oct 2024 - 12min - 376 - What Current Economic Trends Should You Pay Attention To?
Most of the content we focus on for the podcast is stuff that can benefit people anytime they listen, but this week we want to focus more on the present and the pressing financial topics that everyone is thinking about. To help you better understand what is worth paying attention over the next four to six months, Nicholas Colantuono, CFP® joined the Money Wisdom podcast to discuss current economic trends.
Here’s some of what we discuss in this episode:
The stock market continues to be volatile but will things change as we get to the election and past it. The conversations we’re having with clients about interest rates and what to expect. The world we live in has gotten more and more expensive and it has led to personal debt soaring. What is happening in the job market?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 27 Sep 2024 - 14min - 375 - 5 Common Retirement Planning Mistakes We See
One of the benefits of working with an experienced financial advisor is being able to lean on their years of working with retirees to help you avoid the same mistakes that many other people have made. We shared five of the most common planning missteps on our latest episode of Money Wisdom with Nicholas J. Colantuono, CFP®.
Here’s some of what we discuss in this episode:
Why you can’t ignore the future tax implications of your retirement savings. What considerations you need to make before you decide when to take Social Security. Don’t focus on returns rather than income during retirement. Why you shouldn’t be taking financial advice from your friends and family. People will swing way too far one way or the other when it comes to risk.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 20 Sep 2024 - 13min - 374 - Turning a Pile of Money Into Lifetime Income
Hopefully all business owners enjoy the day when they can cash out on their hard work and spend time however they choose. If you’re fortunate enough to be in the position to sell your business for a nice lump sum, let’s make sure that money turns into sustainable income for your retirement. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® answers a question we received from a business owner who wants to know the best way to do that.
Here’s some of what we discuss in this episode:
The challenges facing business owners (or anyone) when they receive a big pile of money. Investment strategies should focus on three primary characteristics. What you need to consider before you build an investment strategy. How to be as tax-efficient as possible with your planning.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 13 Sep 2024 - 11min - 373 - Family Matters Related to Money
Most people are focused on their family when it comes to planning, and there are some primary issues that need to be addressed ahead of time. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® joins the show to tackle critical issues head-on. This episode offers a wealth of knowledge on managing finances in challenging times and ensuring a secure financial future for your loved ones.
Here’s some of what we discuss in this episode:
The financial problems people face when they lose their spouse. How planning today can help solve the income gap problem you might face in the future. Many people overlook taxes when planning for kids and grandkids.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 06 Sep 2024 - 12min - 372 - 401Ks Aren’t Perfect
It might seem a bit counterintuitive to hear reasons why you shouldn’t be putting money into your 401k, but there are times when it makes more sense to allocate that money elsewhere. In our latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® will explore scenarios where a 401K might not be the optimal choice.
Here’s some of what we discuss in this episode:
Build up your emergency fund before you focus on locking money away in a retirement account. How are you addressing each potential financial pitfall and doing it in a healthy, holistic way? If your employer doesn’t match your 401k, you might have better investment options outside of it. Future tax rates might make you rethink tax-deferred contributions. Why you might not want to leave money in a 401k when you change employers.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 30 Aug 2024 - 13min - 371 - Don’t Let Fear Take Over During Market Volatility
We’ve seen some turbulence in the market recently and that’s a time when fear begins to drive some investor decisions. It’s natural to let emotions creep in, but proper planning should help you maintain the right perspective on your investments. Even with the right planning, we’ll still hear from some clients who have questions or concerns. In our latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® joined the show to share some of the responses we get from clients during volatile times and discuss our approach to navigating the ups and downs.
Here’s some of what we discuss in this episode:
The responses we typically get from clients when the market is up and down. When we might make changes to your investments in times of volatility. Our role when someone feels like they can’t handle a bad week or bad month. Should you pull back on 401k contributions when the market is down? Is there ever a time to panic?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 23 Aug 2024 - 12min - 370 - Do You Have These Bad Financial Habits?
When you think about the bad habits that could negatively impact your finances, things like credit card debt and overspending your budget come to mind. Those are obvious ones, but we want to shine a spotlight on some of the most common financial bad habits that many people unknowingly practice. These habits, while seemingly minor, can have a significant impact on your financial health and future.
Nick Colantuono, CFP® joins the Money Wisdom podcast this week to discuss these habits that we want to help you avoid. Check out the show to learn how to identify and break these habits to ensure a more secure financial future.
Here’s some of what we discuss in this episode:
What you need to know about your account statements and why they can be valuable. Emotional decisions will often weigh you down and lead you in the wrong direction. It’s easy to fall back on procrastination when you don’t want to address an area of your finances. Long-term planning gets pushed back because it doesn’t seem necessary today, but it’s essential for protecting everything you’ve worked for.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 16 Aug 2024 - 14min - 369 - The Financial Planning Olympics
It’s a gold medal edition of the podcast this week as we take a unique approach to financial planning by drawing parallels with the Summer Olympics. Nick Colantuono, CFP® joins the show to share insights that can help you navigate your financial journey with the precision and skill of an Olympic athlete.
Here’s some of what we discuss in this episode:
Why a plan has to be built to last for decades rather than years and how you can account for inflation. Planning for financial emergencies. Ways to identify the hidden fees in your portfolio. The foundational elements to building a successful plan.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 09 Aug 2024 - 12min - 368 - Half-Baked Financial Ideas
We’ve all had an idea that we acted on without giving it much thought. That’s fine when you’re choosing dinner or picking out new socks, but it’s not the best approach to managing your finances.
In the latest episode of the Money Wisdom podcast, Matt Pastor, RICP® tackles the topic of "half-baked" financial ideas. These are the types of decisions that might seem clever at first glance but can have significant negative consequences if not thoroughly thought through.
Here’s some of what we discuss in this episode:
Why signing your house over to your kid(s) while you’re still alive might not be the best plan. Starting your Social Security as early as possible while you’re still working could cause you to lose some of your benefits. Converting all of your IRA money into a Roth at the same time. Why you might not want to cancel your life insurance once you’re retired. Investing your emergency fund money to get a better return.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 02 Aug 2024 - 13min - 367 - An IRS Update on Inherited IRAs
Inherited IRAs can be a financial lifeline, but they come with their own set of complexities, especially with the rule changes introduced in 2020. If you've recently inherited an IRA or are planning for the future, understanding these changes and how to manage your inheritance effectively is crucial. In our latest episode of Money Wisdom, we sat down with Heath Grossman, CFP® to break down the ins and outs of inherited IRAs and offer strategies to minimize your tax burden.
Here’s some of what we discuss in this episode:
An explanation of an inherited IRA and how it’s different than a regular IRA. What changed with the rules around an inherited IRA in early 2020? What it means for Required Minimum Distributions. When would it be logical to withdraw the entire inherited IRA in year one? When would it make sense to wait as long as possible to take the money out?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 26 Jul 2024 - 13min - 366 - The Comparison Game: What We Learned About Women We Work With
It’s human nature to want to play the comparison game to find out how you stack up, especially when it comes to your finances. All that really matters is that you’re in good shape for the life that you want to create for yourself. But the comparison game is helpful for us to better understand our clients and their needs.
In our latest episode of the Money Wisdom podcast, Heather Atkins, CFP® shared some fascinating research focused on the financial planning needs of single women. Heather has spent time meticulously gathering data on 50 of our clients, all of whom are single women—either divorced, widowed, or never married. This episode is packed with insightful revelations that can empower women in similar situations to take control of their financial futures.
Here’s some of what we discuss in this episode:
Why Heather did this research on female clients and what she wanted to learn. What does the monthly income look like for this group of women? The exercise Heather does with clients to calculate their expenses. What did we find when it came to homeowners versus renters? Breaking down income and net worth and sharing her findings.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 19 Jul 2024 - 18min - 365 - Retiring Abroad
Have you ever dreamed of spending your golden years in a country abroad? The idea is becoming increasingly popular, but it comes with its own set of challenges and considerations. Luckily, we have the one and only Eric Hogarth, CFP®, here with us today to talk about some of the practical steps you’ll need to take to make this exciting idea a reality.
Here’s some of what we discuss in this episode:
The financial and legal considerations of living in a new country Researching and experiencing the day-to-day living conditions Renting in your desired location for an extended period before committing Having conversations with your partner about what you want to do in retirementCheck out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 12 Jul 2024 - 13min - 364 - The Three Worlds of Money
When people compare financial firms, they often focus on getting the best return on their investments. While that's certainly important, what they really need to be paying attention to is the big picture. While many firms focus only on investment management- handling stocks, bonds, and mutual funds- our approach extends to include insurance planning, investment strategy, legacy planning, and tax planning. In this week’s episode of Money Wisdom, Nicholas Colantuono, CFP®, joins us to talk about the role of tax planning in a comprehensive financial strategy.
Here’s some of what we discuss in this episode:
The importance of comprehensive financial planning beyond investment management The three types of accounts from a tax perspective: taxable, tax-deferred, and tax-free Strategies and pitfalls associated with each type of financial account Considerations for tax-efficient retirement planning, including the impact on income, Medicare premiums, and future tax rate changesCheck out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 05 Jul 2024 - 14min - 363 - Moving the Goalposts with Your Money
Are you familiar with the term ‘moving the goalposts’? It happens when people change or adjust their targets after they’ve already been established, which is something that happens all the time with finances. Many people set financial goals or deadlines, only to find themselves shifting those targets, often to their detriment. This episode of the Money Wisdom Podcast with Jake Doser, CFP®, CPWA® sheds light on why it's essential to establish a solid financial plan and stick to it.
Here’s some of what we discuss in this episode:
What we tell people who set goals for cash but keep changing the amount they set aside. Pushing your savings goals back to prioritize other things then you don’t have a plan. Greed often drives us to take on more risk when we’ve already established goals to scale back at a certain point.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 28 Jun 2024 - 11min - 362 - The Way People Make Financial Mistakes
Financial planning is intricate and filled with potential pitfalls and mistakes that can have long-lasting impacts on your future. In the latest episode of the Money Wisdom podcast, Matt Pastor, RICP® breaks down the most common ways people make financial mistakes and provides valuable insights on how to avoid them.
Here’s some of what we discuss in this episode:
People who don’t seek out help when they should have, especially for big financial decisions like pensions and Social Security. Examples of how listening to the wrong people can lead you astray. Don’t make decisions too quickly without thinking through the options and consequences. Procrastination and dragging your feet on decisions can be costly as well.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 21 Jun 2024 - 14min - 361 - Planning for Major Life Events
Life is full of unexpected twists and turns, and some of these can have a significant impact on our financial well-being. Whether it's changing jobs, going through a divorce, receiving an inheritance, or dealing with the death of a spouse, each of these major life events requires careful financial planning. Heath Grossman, CFP® joins the Money Wisdom podcast to explore the essential financial considerations for these pivotal moments.
Here’s some of what we discuss in this episode:
When you change jobs, you should pay attention to decisions about health insurance, retirement accounts, and rollovers. Why a Rollover IRA is usually a good decision for old accounts. What you need to be thinking about financially if you go through a divorce. Receiving an inheritance comes with some tax implications you should know about. The biggest financial challenges that you deal with after the loss of a spouse.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 14 Jun 2024 - 17min - 360 - Navigating Life After Significant Loss
Losing a spouse is one of the most challenging experiences one can face. The emotional toll is immense, and the financial implications can be equally daunting. In our latest episode of Money Wisdom, Eric Hogarth, CFP® joins the show to offer insights and practical advice to help those navigating life after such a significant loss.
The stark reality is women are statistically more likely to outlive their husbands, which underscores the importance of financial planning tailored to the needs of surviving spouses, particularly women. We’ve had experiences with people that were well-prepared and able to embrace life after their spouse passed but others who really struggled with the change.
Here’s some of what we discuss in this episode:
Examples of clients who have been widowed and life never was the same. Examples of clients who have been widowed but were still able to prosper after. The two or three main issues that people have to deal with when losing a spouse. How we approach our conversations about this topic when it’s difficult to face.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 07 Jun 2024 - 13min - 359 - The Role of the Power of Attorney
When it comes to financial planning, there are a few documents that are absolutely critical for ensuring that your affairs are in order, especially in unforeseen circumstances. One such document, which often doesn't get the spotlight it deserves, is the power of attorney (POA). In the latest episode of Money Wisdom, Heather Atkins, CFP®, CRPC®, discusses the importance of this legal instrument, particularly for women.
Here’s some of what we discuss in this episode:
Why power of attorney might impact women more than men. What can someone who has a power of attorney do or not do. A story about one of our clients and how power of attorney came into play. Examples of issues that arise if you don’t have a power of attorney in place.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 31 May 2024 - 12min - 358 - Estate Planning 101: Why It’s Not Just for the Wealthy
The financial planning calendar has its busy seasons. Things are typically busier at the beginning of the year for tax planning and towards the end of the year as people try to figure out what they need to get done before December ends. During the summer, there aren’t any deadlines necessarily so we’ll see things slow down a bit, and that’s a great time to take a closer look at your estate plan.
In this episode of the Money Wisdom podcast, Nicolas Colantuono, CFP® makes his first appearance on the show to talk about the importance of estate planning regardless of how much money you’ve saved or how many assets you own. Many of us dismiss it as something only the wealthy need to worry about, but we’ll dispel this myth and explain why it applies to everyone, regardless of their net worth.
Here’s some of what we discuss in this episode:
Our process for helping clients with their estate plan. The differences between a will and a trust. A big part of estate planning is making your estate more tax efficient. The alarming number of people who don’t even have a will.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 24 May 2024 - 15min - 357 - Irreversible Decisions in Retirement Planning
The beauty of financial planning is that we can shift and make adjustments as life changes, but there are some decisions that aren’t reversible. From the moment you claim your Social Security to the type of pension benefits you choose and the life insurance policies you secure, every choice can dramatically alter your retirement landscape. On this week’s Money Wisdom podcast, Jake Doser, CFP® sheds light on the irreversible decisions that shape our financial future.
Here’s some of what we discuss in this episode:
What you need to consider before claiming Social Security Weighing the spousal benefit option for a pension. You can always get life insurance and then cancel it but if you wait too long it won’t be an option. How do you decide on a retirement date?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 17 May 2024 - 15min - 356 - When Should You Look for a New Advisor?
Are you standing at financial crossroads, pondering whether to stay with your current financial advisor or venture out in search of new pastures? Sometimes the grass appears greener in another pasture, but when are your concerns justified enough to make a change?
In our latest podcast, Matt Pastor, RICP® joins the show to dissect the 'grass is greener' syndrome that plagues many in the world of wealth management. We want to cut through the noise and offer clarity and a dose of reality to anyone who's ever second-guessed their financial advisory relationship.
Here’s some of what we discuss in this episode:
Should you change advisors if they make a mistake that costs your money? What if you aren’t able to communicate directly with your advisor because they grow too big? How much weight should you put into dinner seminars and the impression an advisor makes? Conversations we have with clients who come in to meet with us about possible changes. If you or your advisor move to a different state, does that impact the relationship?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 10 May 2024 - 14min - 355 - The Uncertainty of Retirement
Retirement is a milestone that many of us look forward to, but it comes with its own set of uncertainties. How do we plan for a future when we don't know how long we'll live, what the stock market will do, or the political landscape that will shape tax laws? The latest episode of the Money Wisdom podcast addresses these questions head-on.
Heath Grossman, CFP® joined the show this week to discuss the complexities of retirement planning with a focus on the unpredictable. When you look at uncertainties of planning, preparing for longevity, navigating stock market volatility, and anticipating changes in tax legislation are a few of the key challenges we have to address.
Here’s some of what we discuss in this episode:
One of the biggest uncertainties in retirement is longevity. How do you invest not knowing what the stock market is going to do year to year? Do future elections matter in retirement planning? Will Social Security be around for you in retirement?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 03 May 2024 - 13min - 354 - Making Sense of the Acronym Salad in Financial Planning
In the latest episode of the Money Wisdom podcast, hosts John Stillman and Jake Doser, CFP®, serve up a delicious 'acronym salad'—a mix of financial terms that often leave even the savviest investors scratching their heads. If you’ve ever stopped to think about what an acronym meant, this episode will help clear up some of the jargon. No matter how experienced you are with money, these acronyms can still cause plenty of confusion that these acronyms can cause.
Here are some of the acronyms we discuss in this episode:
ETF RMDs CFP CPI HSA FSACheck out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 26 Apr 2024 - 14min - 353 - Financial Plans for Grandkids
Have you ever wondered how becoming a grandparent might change your perspective on money and legacy? The latest episode of the Money Wisdom podcast features Joel Johnson, CFP, who has recently become a grandfather for the second time. His insights into the financial planning world, coupled with his new role in the family, provide a unique and heartwarming perspective on managing wealth for future generations.
Here’s some of what we discuss in this episode:
What are some things Joel wants to do with his grandsons that he never thought doing with his sons. The best approach for helping grandchildren with educational expenses and whether a 529 plan is the best route. How do you approach your legacy plan when you have significant assets to pass along. Situations where parents have ruined their kids with the way they’ve approached finances.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 19 Apr 2024 - 16min - 352 - Financial Planning with Michael Scott
Have you ever chuckled at the antics of Michael Scott on 'The Office' and thought, "What does this have to do with my financial future?" Well, it turns out, quite a bit! On the latest episode of the Money Wisdom podcast, hosts John Stillman and Matt Pastor, a Retirement Income Certified Professional on our team, take you on a delightful journey where sitcom laughs meet serious financial strategy.
Here’s some of what we discuss in this episode:
Why you shouldn’t rely solely on the internet for financial advice. What approach should advisors take when it comes to communicating with clients. Financial jargon is the inside jokes of the financial world and we don’t want to keep clients out of the loop. How do you manage life away from work and the people you’ve spent so many hours of the day with.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 12 Apr 2024 - 12min - 351 - Navigating Investments in Election Years
We’re in the middle of another election year in our country and regardless of your politics, there’s always a little concern over the uncertainty of who will take office and how will markets react. People ask all the time about the impact election years have on investing and whether they should be looking to make changes. We are all driven by emotion as humans so it comes as no surprise that this can be a volatile time, but will it be?
In this episode of the Money Wisdom podcast, Heath Grossman, CFP® puts the emotions aside to take a look at what history shows us about returns when different parties are in office.
Here’s some of what we discuss in this episode:
Put aside bias and emotion and let’s look at the reality of financial returns during election years. What should investors focus on in an election year as it relates to investments? The noise surrounding elections heightens anxiety so we want to try and block that out. We can’t predict what the market will do but we can prepare for every outcome to put you in the best position possible.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 05 Apr 2024 - 12min - 350 - Are Bonds a Safe Investment?
The bond market is often touted as a haven for investors seeking stability and safety. Yet, as with any investment, it is fraught with nuances that can make the difference between a secure addition to one's portfolio and one with unexpected downside. To help provide clarity on bonds and how they play into an investment portfolio, Jake Doser, CFP® joins the podcast to provide a foundational understanding for investors looking to harness their potential.
Here’s some of what we discuss in this episode:
Bonds can mean many different things so how do we define it? The difference between individual bonds and bond funds. How do bonds lose money and why did things get so bad in 2022?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 29 Mar 2024 - 12min - 349 - Getting Out of Your Own Way
Financial planning for retirement is a crucial process that requires a strategic approach to ensure long-term security. All too often, however, people will get in their own way and make mistakes that were completely avoidable. In this week’s podcast, we’re going to talk about the most common examples of this with the guidance of Eric Hogarth, CFP®.
Here’s some of what we discuss in this episode:
Getting caught up in the greed and fear cycle of the stock market and chasing more money than you need to. Why people make bad investment choices just to save money in taxes in the short-term. People will leave too much money in cash because they put off making a decision on what to do with it. Are you overthinking your financial plan to the point that you fail to make decisions at all? Don’t blindly trust financial advice from people that aren’t financial professionals.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 22 Mar 2024 - 13min - 348 - Leveraging Your IRA & SEP IRA for Tax Planning
We’re in the middle of tax season and many people are still getting their paperwork together and wondering about ways to save money on last year’s taxes. The good news is there are ways to potentially save on your taxes even though we’re in a new year, and today we’re going to talk about how with Matt Pastor, RICP® on our latest podcast. This conversation is particularly beneficial for individuals who have just realized their oversight in contributing to their Individual Retirement Account (IRA).
Here’s some of what we discuss in this episode:
Why it’s common for people to not be aware of this IRA option and what you need to know about contribution amounts. Should you put money into those retirement accounts or is it better to use elsewhere? How significant could the tax savings be over time? Where do you find the balance between liquidity and adding to retirement accounts?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 15 Mar 2024 - 11min - 347 - Smart Planning During Times of Career Transition
When you find yourself amidst a career transition, be it by choice or circumstance, the path forward can seem fraught with financial uncertainty and healthcare coverage concerns. It's a time when the right advice can make a world of difference, which is why we brought Jake Dozer, CFP® onto the podcast to help navigate this stressful time.
Whether you're considering a shift to a new industry, pondering semi-retirement, or stepping into the realm of self-employment, it's essential to have a strategy that supports both wealth and health, and we’ll cover that in this episode.
Here’s some of what we discuss in this episode:
The workforce changes we’ve seen in Connecticut over the past 18 months. The trends we’ve seen from our clients as it relates to work in retirement. Weighing the option to become self-employed. What health insurance options do you have when you’re in between jobs. Is this a good time to do a 401k rollover?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 08 Mar 2024 - 15min - 346 - The Good ‘Ole Days of Retirement Planning
There were a lot of things that were different back then, for maybe past generations, than they are for people retiring today. So we're going to talk about how things are different now than they used to be.
Gone are the days when retirees could rely solely on pensions and Social Security. Today, proactive planning is crucial for a sustainable financial future. The episode with Eric Hogarth, CFP®, highlights that Social Security was never meant to be the only source of income in retirement. With life expectancies increasing, the need for a robust strategy that accounts for a longer retirement phase is more important than ever.
Here’s some of what we discuss in this episode:
How planning has changed with pensions becoming rarer every year. As longevity increases, how does that impact Social Security and other aspects of planning? Lower interest rates on savings and fixed-income investments complicate income generation. Estate planning considerations you need to think through. Financial literacy is even more difficult as the investment landscape gets more complicated.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 01 Mar 2024 - 15min - 345 - Getting Ready for Tax Season
We have a very timely conversation today as tax season is upon us once again and getting organized is top of mind. Either you're really happy with yourself because you already got your tax return done and filed and don't have to worry about it anymore, or you're still collecting documents and just worrying about it in general. Even if you’re getting a tax refund, you might still worry about doing taxes. It's just not a fun process for most people. So we wanted to talk with Heath Grossman, CFP®, about what you can be doing to make this tax season as smooth as possible for yourself.
Here’s some of what we discuss in this episode:
What’s the easiest way to start getting last year’s tax return together? Start thinking about what has changed from last year to this year. How does tax planning differ from tax preparation? What kind of things are you doing during the tax planning process?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 23 Feb 2024 - 12min - 344 - When Should I Overhaul My Portfolio?
As market uncertainty looms, the question that plagues every investor's mind is when to overhaul their investment portfolio. The upcoming year looks like it could be filled with volatility once again, so how should your investments be positioned?
In our latest podcast, we featured Matt Pastor, RICP to discuss investment strategies and unpack the critical decision-making that comes with adjusting your assets in response to market shifts. With the focus on avoiding the classic blunders of buying high and selling low, Matt shed light on the importance of a proactive approach over a reactive one, especially as you sail towards the golden years of retirement.
Here’s some of what we discuss in this episode:
The goal in planning is to be proactive and not react to what’s happening in the market. What are some times where we felt the need to overhaul a portfolio? An example of a time someone thought they needed to overhaul their portfolio but we explained why they didn’t. The planning strategies we discuss with clients when constructing an investment plan.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 16 Feb 2024 - 13min - 343 - Crafting a Retirement with Vision and Preparation
Planning for a fulfilling retirement is a significant life milestone, representing the culmination of years of hard work and the dawn of a new, exciting chapter. But retirement planning goes beyond just financial security. It is a holistic process that also involves emotional well-being, nurturing social connections, and the pursuit of purpose.
In our latest podcast, Eric Hogarth, CFP® joined the show to discuss the approach to retirement when people are prepared and have a vision for what they want it to look like versus those that don’t have any idea. The vast majority of people we work with fall into that latter category, which is why we wanted to spend some time outlining the importance of knowing what you want the next chapter of life to look like.
Here’s some of what we discuss in this episode:
How we take a retirement vision and build a plan to help make that happen. Fewer than 10% of people have a clear vision of what they want retirement to look like. An example of someone who is ready to retire but don’t what they want to do in retirement. Having the financial piece of retirement figured out frees people up to set goals and dreams for retirement.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 09 Feb 2024 - 16min - 342 - Can You Trust Retirement Income Projections on Your Account Statement?
We’ve all opened up a statement and seen the retirement income that’s projected from that account. Not every account has it but most do. The question is how much can you trust that number and can you base a retirement plan on what you see?
Retirement planning can be a daunting task, with numerous variables and uncertainties that can make or break your financial future. Understanding the intricacies of income projections and tailored strategies is essential to secure a comfortable retirement, and we brought Jake Doser, CFP® onto the podcast to help explain these projections a bit more.
Here’s some of what we discuss in this episode:
How reliable are these projections? The income analysis we do with each client to help provide a more realistic projection. The variables that these projections aren’t able to factor in. How we approach conversations with people who aren’t in good shape for retirement.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 02 Feb 2024 - 13min - 341 - Social Security Planning Decisions for Women
As women approach retirement age, it's crucial to understand the nuances of Social Security and its impact on long-term financial health. On our latest podcast featuring Heather Atkins, CFP®, CRPC® we will shed some light on this topic, focusing on why women tend to claim Social Security benefits at 62 and the implications of such decisions.
Here’s some of what we discuss in this episode:
Why are so many women starting their Social Security at the earliest age? What’s wrong with taking the benefit at 62? How does the earnings test work and how does it apply to your benefits? An example of when waiting until 70 might be the wrong decision.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 26 Jan 2024 - 12min - 340 - Strategic Planning for Required Minimum Distributions
When it comes to retirement, understanding Required Minimum Distributions (RMDs) and staying ahead of them is important for financial success in retirement. In our latest podcast, Matt Pastor, RICP explains the intricacies of RMDs and sheds light on why early planning is essential.
Here’s some of what we discuss in this episode:
How RMDs have changed in the last couple of years. What should you be thinking about if you’re turning 73 this year? The four primary options for how to use your RMD withdrawals. If you’re still a decade out, there are some tax planning conversations you should be having.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 19 Jan 2024 - 13min - 339 - Pension Planning: Lump Sum or Monthly Payments?
Believe it or not, we still get a lot of questions about pensions. Just because there aren’t many private companies that are still offering pensions, there are still many people that had them at a job 20 years ago and they have a choice to make or they are retiring from a state employee job. Whatever the case, one of the questions that people are trying to work through is do I take the lump sum on this pension or do I take the monthly income for the rest of my life?
Heath Grossman, CFP® joins the podcast to walk us through that conversation because the answer won’t be the same for everyone. It needs to be a part of the broader retirement income plan and we’ll share a look into how to determine the best answer for you and your family.
Here’s some of what we discuss in this episode:
What type of person would benefit from the lump sum over the monthly payout and vice versa. How to utilize a hybrid approach to get the best of both worlds. Pension plan payouts are different and that could impact the decision. How does the interest rate environment change the decision?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 12 Jan 2024 - 12min - 338 - What are Your Best Financial Options for Buying a Car?
Let’s talk a little bit about a fun topic that we haven’t covered on the podcast much in the past, which is buying cars. Pretty much everyone has a driver’s license and uses a car so it’s a topic that impacts most people. More importantly, buying a car is a large financial decision and making a smart purchase could save you significant dollars over time.
We brought Eric Hogarth, CFP® back onto the show to discuss the car-buying process and some of the things that you need to consider before you sign the check on your next car.
Here’s some of what we discuss in this episode:
Paying cash for a car vs financing a car. When is it appropriate to buy a new car over a used one? When does it make sense to lease instead of purchase? A story about a client buying cars and how it fits into an overall plan.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 05 Jan 2024 - 13min - 337 - What’s a Reasonable Return for My Investments?
When it comes to investing, one of the most common concerns is how to achieve 'reasonable returns,' particularly as retirement approaches. The term 'reasonable' can be quite subjective and varies greatly from person to person. It's influenced by individual risk tolerance, financial goals, and the stage of life you're in. In the recent podcast episode of Money Wisdom, Jake Doser, CFP® will unravel the complexities behind crafting a personalized investment strategy that ensures retirement readiness without unnecessary risk.
Here’s some of what we discuss in this episode:
Why the question is important and some background on what goes into the answer. How do you come up with your number? Why two households with the same assets might need two completely different plans. How do you come up with this number when you can’t predict what’s going to happen the next decade?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 29 Dec 2023 - 14min - 336 - The Pick Two of the Investment World
Picking from a lunch menu will often give you the option to choose two items from a group. You might pick soup and a sandwich or a salad and a sandwich, but you just can’t select everything off the menu. That’s very similar to the investment world when you’re choosing between safety, growth, and liquidity. Designing an investment plan requires you to pick the two that you want to achieve so let’s talk about which investments help you achieve each of these.
Here’s some of what we discuss in this episode:
Examples of investments that gets you safety and growth and why you might use them. The stock market is going to give you growth and liquidity at the expense of safety. How can you achieve safety and liquidity?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 22 Dec 2023 - 10min - 335 - The Psychology of Leaving Your Career
If you ask most people, they will tell you they’re excited for the day they can leave work and head into retirement. And while that’s a valid feeling, many of those same people aren’t prepared for life after a career that’s been at the core of their daily routine for decades. Whether you’re selling a business, retiring, or moving out of one career for another, let’s talk about the psychology of this life change and how it impacts people.
Here’s some of what we discuss in this episode:
The two main things people struggle with are purpose and fear. Why the first year is the hardest after a business owner sales his company. The psychology of changing jobs and moving into a different industry. What you need to know before selling your business.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 15 Dec 2023 - 14min - 334 - Are Reverse Mortgages Bad?
You’ve probably heard about reverse mortgages and might even be considering one in retirement. It’s not a question we get all the time but it’s one where somebody is seriously considering it by the time they ask us to weigh in on it. In this episode of the podcast, Jake Doser, CFP® helps us better understand this product and why someone may or may not choose to use one.
Here’s some of what we discuss in this episode:
What is a reverse mortgage. How reverse mortgages have changed over the past few decades. The scenarios that often lead people to shopping for a reverse mortgage. An example of a time where a reverse mortgage makes perfect sense.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 08 Dec 2023 - 14min - 333 - Is It a Bad Idea to Take Out a 401k Loan?
Part of managing your finances and making the best decisions for retirement is understanding how to best utilize the assets you have in your possession. One of the largest accounts most people have is their 401k and it’s impossible to ignore if you need to make larger purchases. But is it a bad idea to take out a 401k loan?
Here’s some of what we discuss in this episode:
The mechanics of a 401k and how it works. Why we generally tell people this is a bad idea. What can go wrong with a 401k loan. How do the taxes and interest work with the 401k loan. The opportunity cost to taking a loan out of your 401k.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 01 Dec 2023 - 11min - 332 - Do I Need Life Insurance in Retirement?
We’re with Matt Pastor, a financial advisor on our team, to talk about life insurance and the need for it in retirement. Once you’ve earned enough to take care of your family and the kids are through college, do you still need to carry that policy? This is a great question and the answer will vary from person to person depending on your needs.
Here’s some of what we discuss in this episode:
Some of the considerations we make with life insurance in retirement. A case where we would tell someone they probably need to keep life insurance. Can life insurance help replace a pension? How can you use life insurance as an income strategy? If you have a policy now, what should you do?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 24 Nov 2023 - 10min - 331 - What Do I Do The Last Five Years Before I Retire?
Those final years leading up to retirement can be an incredibly exciting time but they can also stir up a little nervous energy. Have you done everything you need to? What should you be thinking about right now? In our latest podcast, we talked with Eric Hogarth, CFP® about the five years before retirement and what you need to do during that time.
Here’s some of what we discuss in this episode:
The small steps we take with a client who is preparing for that retirement day. Walking yourself through how much you plan to spend in retirement. Where’s the best place for you to live if your health care goes up? The common reasons we have to tell people they aren’t quite ready to retire.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 17 Nov 2023 - 10min - 330 - Understanding ETFs vs Mutual Funds
A question that many investors ask is whether they should be investing in ETFs or mutual funds. It’s a legitimate question because a lot of people don’t truly understand the difference between the two. In our latest podcast, we want to address the technical part of this question but do so with a less technical conversation.
Here’s some of what we discuss in this episode:
What is an ETF and what is a mutual fund? Why pick one over the other? What do we typically choose for our clients? How much do you need to understand the nuances in these products when you invest? Will the marketing and branding of these investments change over time?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 10 Nov 2023 - 11min - 329 - What Does It Mean to Leave a Financial Legacy?
The concept of financial legacy means different things to different people. Some people might hear that and think about their will or estate documents, but that’s not what we’re talking about here. This conversation will be a little bigger picture and a bit more philosophical.
Here’s some of what we discuss in this episode:
What does it mean to Joel to leave a financial legacy? What kind of conversations has Joel and his wife had about this? Some of the financial legacy ideas Joel has picked up from peers. What should every family be thinking about?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 03 Nov 2023 - 14min - 328 - How am I Taxed on Non-IRA Stock I Inherited?
Today we’re going to talk about how to handle the taxation on stock that isn’t in an IRA and gets inherited. For example, let’s say someone bought 100 shares of Apple stock in 1987 and they leave it to their kids when they pass away. How are you taxed on this stock? To help us answer the question, we’ve brought on Jake Doser, a financial advisor at Johnson Brunetti.
Here’s some of what we discuss in this episode:
How the step-up in basis works. The difference in proactive and reactive management. A few considerations to make in regards to taxes during income planning. How the brokerage account fits into the income plan for retirees. Why you don’t want to create a joint account with your child.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 27 Oct 2023 - 13min - 327 - Does Everyone Need Long Term Care Insurance?
Today we’re going to answer one of the two or three biggest questions that people tend to have about their retirement plan. As you look ahead to retirement and the largest expenses you might incur, long-term care will always be a part of that discussion. So does everyone need long-term care insurance?
This can be a broad conversation but it addresses one of the top concerns for retirees. For people that have planned properly and feel good about the income they have coming in for retirement, they want to identify areas where problems could arise and health issues and long-term care or assisted living is one of those areas that need attention.
We brought Heath Grossman, CFP® onto the podcast to help you understand the different aspects of this conversation that ultimately guide you to an answer to this important question.
Here’s some of what we discuss in this episode:
What’s important is to understand that it’s about protection and preserving assets. You need to evaluate the cost of the insurance relative to the value of what you’re trying to protect. Using alternative insurance options or investment accounts to plan for long-term care. What are some other ways people protect their assets if they don’t have insurance?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 20 Oct 2023 - 13min - 326 - Does Everyone Need a Trust?
The question we hope to answer today is does everyone need a trust? It seems that many people confuse the purpose of a will and a trust, but they aren’t the same thing and we’ll clarify that. Plus we’ll tell you who needs a trust and what the primary purpose of using this instead of a will.
Here’s some of what we discuss in this episode:
Why you don’t need a trust to keep your assets out of probate. Can you assume that a trust will help you bypass a lot of taxes you’re going to pay. Common cases where a trust makes a lot of sense. How would this answer differ based on the state you live in?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 13 Oct 2023 - 09min - 325 - Should I Buy Gold?
When the market gets choppy and investors start to feel uneasy, it’s not uncommon to get questions about whether it’s a good time to buy gold or silver. Over time, there are different reasons that people would give for wanting to invest in precious metals, but should you be buying gold? Eric Hogarth, CFP® joins the show to help us answer that question.
Here’s what you can expect to learn in this episode:
What’s the first thing Eric usually thinks when someone asks about gold? Why does the interest in gold usually come in waves? Why Eric prefers a securitized version rather than physical gold. How can you build an investment portfolio that reduces that volatility? Are annuities another good alternative to gold for a safer investment?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 06 Oct 2023 - 13min - 324 - Is Social Security Going Bankrupt?
The topic of Social Security comes up all the time in our office, especially when it comes to its future. Is it heading towards bankruptcy as some suggest, or is this an alarmist notion blown out of proportion? To answer these questions and more, Certified Financial Planner® Heath Grossman joined the podcast to offer his perspective on the much-debated future of Social Security.
Here’s what you can expect to learn in this episode:
While it’s not necessarily sensationalized, Heath doesn’t believe it will go bankrupt. How Social Security pays out its benefits and why the fund is running out. Don’t let this concern lead you to take your benefits as soon as possible for that reason only. What are some of the things that could be done to fix the problem? Should you be prepared for the Medicare age to rise as well? What are the things we can control related to planning and Social Security?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 29 Sep 2023 - 15min - 323 - How Much Tax Will I Pay on My Social Security
The world of Social Security benefits can be complex, particularly when it comes to understanding the taxation associated with these benefits. In this episode, we’re going to tell you how we’d get to the answer and give you a better idea of how much taxation will impact your benefits in retirement.
Here’s what you can expect to learn in this episode:
How do you go about finding this number? The different tax thresholds and what that means to your benefits. Why you should take advantage of those windows in time where you’re paying little in taxes. Why Roth conversions could benefit you a lot when it comes to the taxes you’ll have to pay on your Social Security.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 22 Sep 2023 - 14min - 322 - When Should I Rollover My 401k?
We want to be as efficient as possible with our retirement accounts to give us the best chance to grow our money and provide the income we need for retirement. That’s why many people ask about rollovers and whether it makes sense to do that with their 401k. Let’s talk about who might and might not benefit from a rollover and the options you have for your old 401k accounts.
Here’s what you can expect to learn in this episode:
The different qualifying events that usually make people consider the rollover. Why would you want to do a rollover in the first place? Assuming you’re eligible, why wouldn’t you want to roll the money over? What option do you have if you want to retire before 59 and a half if you don’t want to move all the money out of your 401k. The fear or apprehension that comes with moving money out of a 401k.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 15 Sep 2023 - 15min - 321 - Should I Use Target Date Funds?
Most people are familiar with target date funds, although they might not necessarily know them by that name. Your 401k plan might have a different name for it like a lifecycle fund, but regardless of what it’s called, it continues to be a popular investment choice. Let’s talk today about whether target date funds are a good way to invest for retirement.
Here’s what you can expect to learn in this episode:
How target date funds were first created. The effectiveness of these funds for someone in their 20s versus someone in their 50s. An example of a time where we found target date funds weren’t what someone needed in their retirement plan. Why most people aren’t paying close attention to the performance of their target date funds.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 08 Sep 2023 - 15min - 320 - Why Do We Talk Specifically About Financial Planning for Women?
In the fast-paced world we live in today, financial planning has never been more critical. It plays a significant role in helping us manage our resources, meet our financial goals, and secure our future. This importance becomes even more apparent when it comes to women, given their longer life expectancy and unique financial challenges.
That’s why we talk specifically about financial planning for women and why it’s something we focus on. To help us understand this better, we asked Heather Atkins, CFP® to join us for this episode because she is keen to these issues that women face.
Here’s what you can expect to learn in this episode:
Financial planning and empowerment for widows and how you can get ahead of decisions to avoid added stress in times of grief. Situations we’ve seen where widows needed help navigating a precarious financial situation. Why longevity is a primary driver of the challenges women will face financially. What all needs to be included in a proper financial plan to make sure needs are taking care of if someone passes.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 01 Sep 2023 - 13min - 319 - What Age Should I Start Social Security?
Do you think there is a universal age to start Social Security? Have you ever wondered how your health history, longevity, and family history play into your decision on when to turn on your benefits? Let’s delve into this critical question in retirement and help you understand how we help our clients determine what age they should claim Social Security.
Here’s what you can expect to learn in this episode:
How we address this topic when the question comes up. Longevity is the key factor but can you rely on your family health history to project that? How this discussion fits into the overall planning process for retirement. Hear an example where it made sense to turn on Social Security at age 62 and another where 70 was the best age. When does it make sense to delay Social Security even after you’ve retired? The opportunity for a Roth conversion in your mid to late 60s.Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 25 Aug 2023 - 15min - 318 - How Should I Handle an Inherited IRA?
We’re in the middle of one of the largest wealth transfers in our country’s history as Baby Boomers pass on their estate to loved ones, and some of that money is coming in the form of an IRA. Rules regarding inherited IRAs have changed in the past few years so let’s take a few minutes to tell you what you need to do if you receive one.
Here’s what you can expect to learn in this episode:
Certain people are able to take over the account as their own without any rules. For most people, you are going to have 10 years to withdraw all the money in the inherited IRA. Why tax planning becomes so important for those receiving the inheritance. How have the rules changed on inherited IRAs in the past few years?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 18 Aug 2023 - 10min - 317 - How Much Should I Contribute to My 401k?
Many people will use retirement accounts like the 401(k) to save money, but we often get asked about the amount they should be contributing each month. Should it depend on what your company matches or should you just put as much as you can afford in regardless? Let’s dig deeper into this question and tell you what we like to consider when answering this question.
Here’s what you can expect to learn in this episode:
The different questions we typically ask someone to determine how best to use a 401k. Are there instances where you shouldn’t put money in a 401k even if there’s a company match? When would you only want to contribute enough to get the company match but no more?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 11 Aug 2023 - 10min - 316 - Social Security Spousal Benefits
When we talk about having a strategy for Social Security, it’s because the SSA isn’t going to point you toward the option that will pay you the most. It’s on every individual to understand the benefit options available and find the path that will help you get the most out of your retirement income. One of those options is the spousal benefit so let’s talk about what it is and who is eligible.
Here’s what you can expect to learn in this episode:
How spousal benefits work and how much you receive. What happens to the benefits when a spouse passes away? Options for paying for emergency medical expenses. What specialties should you expect from an advisor?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 04 Aug 2023 - 14min - 315 - Well I Heard…
Anytime a sentence begins with, “Well I heard,” it gets our attention because you never know what someone is about to ask us. People are bombarded by suggestions and recommendations every day so it’s no surprise that people always bring new ideas or beliefs to a meeting. We’re going to share some of these things people commonly hear and help explain why they don’t always apply to you.
Here are some of the things we discuss in this episode:
1:06 – You need to have at least a million dollars to retire
3:27 – You should start Social Security as early as you can
4:48 – The market is going to tank because [insert reason here]
6:16 – I should try to keep the house in divorce because it will comfort me emotionally
7:33 – Soon the dollar won’t be the world’s reserve currency anymore
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 28 Jul 2023 - 10min - 314 - What Should You Do With Your House in Retirement?
Housing will always be one of the biggest pieces of the financial plan, but we’re getting a lot of questions from retirees about what to do with their home now that they’ve retired. There are four main options that most people choose from so let’s explore those today and discuss the pros and cons of each decision.
Here are some of the things we discuss in this episode:
0:55 – What you need to weigh when staying in your current home 3:04 – Should you downsize? 6:31 – Pros and cons of retirement communities 8:23 – Does it make sense to become a renter?Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 21 Jul 2023 - 25min - 313 - Financial Inspiration from Ted Lasso
One of the most popular shows of the last few years has been Ted Lasso with Jason Sudeikis playing that heartwarming coaching role, and most people have watched some or all of the comedy series. Today we’re going to pull out some of our favorite Ted Lasso quotes and put a financial spin on them. Don’t worry, no spoilers!
Here are some of the things we discuss in this episode:
1:27 – Ted Lasso quotes and financial planning
10:19 – A Woman’s Word with Heather Atkins: Long-term care
15:28 – Retirement assumptions you can’t always make
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 14 Jul 2023 - 23min - 312 - Dad Jokes and Financial Wisdom
To celebrate another Father’s Day weekend, we decided to work in some dad jokes into the podcast. Who doesn’t love those, right? So join us for a few laughs (we hope) and more importantly, some financial wisdom.
Here are some of the things we discuss in this episode:
1:01 – Joke #1: Where does 007 invest his money?
2:29 – Joke #2: What did the duck say after going shopping?
7:14 – Joke #3: Why did the woman go outdoors with her purse open?
9:10 – Joke #4: Why are Irish bankers so successful?
12:12 – On the case with Heath: Pensions
16:27 – How high on the list is long-term care on retirement issues?
20:13 – Mailbag question about taking care of parents financially
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 07 Jul 2023 - 24min - 311 - Let’s Have Some Awkward Financial Conversations
Part of being a good financial advisor is helping people navigate what can be awkward and uncomfortable situations in life related to their money. After working with hundreds of clients over the years, we’ve encountered quite a few of these situations. So how do we approach these moments? Let’s talk about what that looks like and what kind of conversations we’ve had for certain scenarios.
Here are some of the things we discuss in this episode:
0:51 – When a client wants to remove a child as a beneficiary. 2:47 – Working with a couple that is going through divorce. 5:50 – Dealing with someone who is very emotional during a meeting 7:41 – Client makes a very embarrassing financial decision. 12:45 – Mythbusting with Matt: Shifting from stocks to bonds removes volatility 17:36 – Mailbag question on organizing finances after becoming a widow 19:23 – Mailbag question on 529 plans vs loansCheck out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 30 Jun 2023 - 24min - 310 - Scenarios That Could Be Financial Opportunities
So much about life is having the right perspective and the same can be said about the scenarios that feel like a true crisis. Through proper retirement planning, many of the events that feel like a negative in your life could actually provide you with an opportunity instead. Today we’re going to look at a few examples of this and tell you where to find the silver lining.
Here are some of the things we discuss in this episode:
3:23 – The crisis of becoming an empty nester
4:26 – How a market crash could become an opportunity
6:06 – Turning a layoff into a positive
9:58 – CEO’s Corner: Financial conversations with our employees
21:28 – Mailbag question on working until you’re 70
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 23 Jun 2023 - 25min - 309 - Consider These Things Before Investing Into Your 401(k)
For many people, the 401(k) is an easy account to manage. The money comes out of your paycheck before you get the chance to spend it so it’s like you never had it in the first place. That makes it a great tool for retirement savings but because it’s so painless, people often ignore it more than they should.
But your 401(k) deserves attention and there are certain considerations you need to make before deciding if and how much you’re contributing to this retirement account.
Here are some of the things we discuss in this episode:
1:07 – How much do you need liquid assets?
2:25 – Know what your employer contributions are
4:48 – Make sure you know the future tax implications
5:43 – Don’t forget about ‘orphaned money’
7:48 – Is it fake, Jake? US economy too good to be true?
13:41 – A Woman’s Word: Mistakes women make
20:12 – Mailbag question on the next stock market crash
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 16 Jun 2023 - 24min - 308 - Tackling Some Financial Hot Topics for 2023
Today we’re going to talk through some hot topics, picking through recent communication with clients over the last several months. There are some recurring themes that a lot of people are asking about right now so let’s take some time to address them all right here on the show.
Here are some of the things we discuss in this episode:
0:53 – Should we be making investment changes in this current economic environment?
3:08 – With long term care insurance premiums going up, should we cancel the policy?
4:37 – How much of your inheritance should you set aside for taxes?
7:00 – On the case with Heath: Estate planning
13:05 – Mailbag question on selling your home to rent in retirement
14:37 – Mailbag question on Rule of 100
15:57 – Mailbag question on financial issues for a second marriage
17:00 – Myth busting with Matt: Social Security will run out of money
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 09 Jun 2023 - 25min - 307 - The Financial Draft – Where Would You Pick These Products?
In honor of the NFL Draft just wrapping up, we thought we’d do a little drafting of our own on the podcast. So we’ve asked Eric Hogarth, CFP® to put on his General Manager shoes and lead our retirement planning team into a financial draft. Find out which products make the grade and which get left behind.
Here are some of the things we discuss in this episode:
1:11 – The Roth IRA is a first round pick
1:58 – Gold and precious metals are a pass.
3:18 – Life Insurance Retirement Plan or LIRP
4:41 – The variable annuity
6:37 – Indexed annuity gets a good grade
8:04 – Rental properties are a second round pick
12:23 – CEO’s Corner: How does Joel consume news?
21:32 – Mailbag question on how much of your annual salary you need saved.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 02 Jun 2023 - 24min - 306 - Financial Truth Bombs
We know you count on your financial advisor to shoot you straight and tell you what you need to hear rather than what you want to hear. That’s what we’re going to do on this episode as Eric drops a few financial truth bombs on us and provides us with a retirement reality check.
Here are some of the things we discuss in this episode:
3:22 – Bonds aren’t always as great for retirees as a lot of people might think.
4:32 – Income tax rates are close to historical lows.
5:35 – The hardest part of investing is managing your own behavior.
8:27 – Is it fake Jake? Experts say 2023 will be a year of economic pain.
12:30 – Mailbag question on helping children with buying a house.
14:01 – A Woman’s Word: Longevity risk
19:54 – Mailbag question on paying for college.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 26 May 2023 - 23min - 305 - Different Types of Client Reviews
Periodic reviews with certain clients can look very different from reviews with others. We’ve worked with just about every type of personality through the years so let’s talk about how our conversations might sound depending on who we’re meeting with for a review.
Here are some of the things we discuss in this episode:
1:02 – Clients that always need us to explain something again
2:07 – The client that is positive about everything
3:12 – The client that never wants to come into the office to meet.
4:30 – The person with a great new idea or something always happening
5:45 – The person that’s always worried about everything
8:44 – On the case with Heath: Getting too enamored with one product
12:44 – Mailbag question on bank failures
14:14 – Mythbusting with Matt: Social Security is its own independent decision
19:47 – Mailbag question on retiring early
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 19 May 2023 - 24min - 304 - Financial Hindsight is 20/20
Like anything else in life, financial planning is much easier to do in hindsight. We all have a few (or more) decisions we’d like to go back and change if we could. Let’s talk about a few of the regrets people are probably coming to terms with today.
Here are some of the things we discuss in this episode:
1:16 – Did you miss the long bull run following 2008 because you were too worried and conservative? 3:32 – Not understanding how much risk you had until 2022 hit 6:36 – Regretting starting Social Security too early 11:10 – CEO’s Corner with Joel Johnson – Advice he’d give his younger self 19:43 – Mailbag question on what to do with excess income in retirement 21:48 – Mailbag question on raising your savings goal because of retirementCheck out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 12 May 2023 - 24min - 303 - Podcast Episode 303: Teaching Your Children About Money
Money and finances can be difficult topics to discuss, but it is an essential conversation that needs to take place with children. With the proper guidance, your child will learn key lessons about money management and develop healthy financial habits. In this episode, Joel will share his family's approach to helping his children learn about important financial topics.
Here are some of the things we discuss in this episode:
0:56 – Applying Steve Martin quotes to financial planning
6:18 – Is it fake, Jake? Hedge funds are cautious
10:40 – Maibag question on helping with childcare expenses
13:04 – CEO’s Corner with Joel Johnson: Behavior with money
20:49 – Mailbag question on large Roth conversion amounts.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 05 May 2023 - 24min - 302 - Podcast Episode 302: Classic Pre-Retiree Mistakes
Different stages of life bring different challenges, and people nearing retirement often make some of the same mistakes with their money time and time again. As a pre-retiree, it's important to understand that your financial plan needs to be tailored around the goals you have for retirement. Let’s take a look at some of the classic mistakes we see people make.
Here are some of the things we discuss in this episode:
1:05 – How is our financial life like a closet?
2:56 – What are the first steps you can take to start getting organized?
5:56 – Money Map retirement review details
7:34 – On the Case with Heath: When refinancing doesn’t make sense
12:49 – Still investing like you were 20 years ago
14:20 – Starting Social Security without a strategy
16:45 – Mythbusting with Matt: Financial planning is much easier today
20:48 – Mailbag question on managing an old 401(k)
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 28 Apr 2023 - 24min - 301 - Why the Customer Isn’t Always Right in Financial Planning
In nearly all of the retail, restaurant and hospitality world, the old saying is that “the customer is always right.” But when it comes to financial planning, it’s probably not wise to subscribe to that idea. What’s the point of having a financial coach if your advice is better than your coach’s advice? Let’s talk about some statements you might hear from clients that might require you to push back because the customer isn’t always right.
Here are some of the things we discuss in this episode:
1:05 – When someone says, “Now is the time to get into or out of the market.”
2:24 – “This is what I want to invest in. I just need you to pick the exact funds for me.”
3:07 – When someone doesn’t want to spend money on a certain product or investment.
4:21 – When someone makes up their mind on an investment strictly based on fees.
5:42 – “My accounts are down right now so I don’t think this plan is working.”
8:12 – A Women’s Word with Heather Atkins: How women approach investing.
13:57 – Mailbag question on saving strategies close to retirement
15:30 – CEO’s Corner with Joel Johnson – The labor market
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 21 Apr 2023 - 24min - 300 - Behavioral Lessons Learned in 2022
A lot of people were probably pretty well prepared for the downturn in 2022, but that doesn’t mean there wasn’t any uneasiness along the way. If you didn’t fall into that group of people who were ready, let’s talk about what you can do to change that before the next downturn.
Here are some of the things we discuss in this episode:
1:22 – Always have an understanding of the risk you’re exposed to
2:47 – Protecting gains as you go
4:05 – Are you diversified enough?
5:49 – Don’t panic when the next crash comes
8:45 – On the Case with Heath: Underfunded retirement
14:33 – Mailbag question on rental income
16:50 – Mailbag question on funding a wedding
19:12 – Is it fake, Jake? Gold could rise dramatically
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 14 Apr 2023 - 25min - 299 - Excuses We Make That Could Negatively Impact Our Finances
When it comes to money, people often make excuses for why they can't save or spend wisely. It's easy to make up a story about why you aren't able to do enough from a financial planning standpoint, but our attitudes often impact our success with money and in life. Let's look at some of the common excuses we hear and how they could impact retirement.
Here are some of the things we discuss in this episode:
1:09 – “I never had anybody teach me about money so I made a lot of mistakes.”
3:28 – “I’m just not good with money.”
4:26 – “We’re going to have a recession soon so I guess there’s nothing I can do.”
5:54 – “You have to have a million dollars to retire so I guess I have a long ways to go.”
9:34 – A Women’s Word with Heather Atkins – Financial focus during a divorce
14:49 – Mailbag question on where to contribute after maxing out 401k.
16:22 – Mailbag question on starting a business later in life.
18:23 – Mailbag question on pushing back Social Security.
19:44 – Mythbusting with Matt Pastor – There’s a perfect time to start collecting Social Security
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 07 Apr 2023 - 24min - 298 - Different Ways People React to Down Markets
As we move a little further away from 2022, we start to get a little more information and data on what a very weird year it turned out to be. So many different factors played into the negative results we saw in the market, and we watched people handle that volatile year in a variety of different ways. Let's take a look at some fo the different emotions that manifested themselves over the course of the last year due to the down market.
Here are a few of the things we discuss in this episode:
1:23 – The fear and panic people felt while the market was turbulent.
2:46 – Anger for a number of different reasons
4:13 – Is it possible to be blissfully ignorant during down markets?
5:28 – Some people view this time with an opportunistic perspective.
7:55 – On the case with Heath Grossman, CFP® - A tax-free Roth conversion
12:54 – Mailbag question about having too much money in the bank
14:51 – CEO’s Corner with Joel Johnson
21:53 – Mailbag question on Social Security and income limits.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 31 Mar 2023 - 24min - 297 - Investing for Geniuses
While it’s said that genius is a natural and innate ability, there are certain traits or habits possessed by geniuses that we can learn from. These qualities, when applied to financial planning, can help you make the most of your money while protecting yourself from future economic uncertainties.
Here are a few of the things we discuss in this episode:
1:15 – Geniuses are highly adaptable.
3:41 – Geniuses actually understand how much they don’t know.
5:19 – Geniuses learn from the mistakes of others.
9:40 – Is it Fake Jake? A looming economic hurricane?
13:38 – Mailbag question on retirement living options.
16:22 – Mailbag question on justifying private school tuition.
19:20 – Mythbusting with Matt – Lower tax brackets in retirement
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 24 Mar 2023 - 24min - 296 - Four Ways SECURE Act 2.0 Might Impact Your Retirement
Secure Act 2.0 is the most recent amendment to the Secure Act of 2019, and it promises to have a major impact on retirement planning. This new legislation contains a long list of provisions and changes, but we've identified a short list that will impact many people preparing for retirement. In this episode, we'll take you through those four changes and explain how they might affect your financial future.
Here are a few of the things we discuss in this episode:
1:15 – RMD age pushed back again to 73 and eventually 75. 3:09 – Special catch-up contribution 4:31 – Opportunity to move money from a 529 to a Roth 6:27 – Getting a company match by paying off student loans 10:24 – CEO’s Corner with Joel Johnson on early retirement 17:11 – A Women’s Word with Heather AtkinsCheck out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 17 Mar 2023 - 24min - 295 - Is the End of Social Security Near? (Mailbag)
Is the end of social security near? Evidence suggests that, while it is not likely to disappear soon, its long-term outlook is uncertain. Social security benefits have been decreasing over time and are inadequately funded. So what will the future hold for this important piece of retirement income? We'll address that along with two questions from the mailbag on travel expenses and dividing an estate.
Here are a few of the things we discuss in this episode:
0:17 – I put off a trip to Europe for many years and now I wonder if it’s a wise use of money. What if I end up needing nursing home care later?
2:47 – What’s the best way to keep your children from having disputes over your estate?
4:32 – Is it fake Jake? The looming depletion of Social Security and Medicare.
6:40 – How do politicians manage the future of Social Security?
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 10 Mar 2023 - 12min - 294 - Retirement Income Questions
Retirement brings with it an exciting time of life, but also the challenge of figuring out how to make ends meet in retirement. Retirement income is an important factor in planning for retirement and there are many options available to ensure that retirees have the funds they need. From Social Security, pensions, and lump sums, you need to know how it all fits together in the most tax-efficient way possible.
Here are a few of the things we discuss in this episode:
0:14 – Should I retire in 5-6 with a pension or retire now with a severance package and pension buyout?
1:32 – I’m retiring this year and will have about 18 weeks of vacation and sick leave to get paid out for. Should I wait an extra month and retire in January instead of December for tax reasons?
2:45 – We’re building our dream home and will move in the next year or two. Should we keep our current house as a rental property or sell it and invest the cash?
4:50 – Will gold rise dramatically in a short period of time?
9:16 – Get your questions answered through your Money Map review
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 03 Mar 2023 - 11min - 293 - Is Your Advisor Being Naughty or Nice?
Investing your money can be a scary thing, especially when you don't feel like you have a good handle on the terminology and concepts. Many people turn to financial advisors to help guide them through their investments, but it's important to make sure that they are actually helping rather than hurting. Let's talk about a few scenarios where your advisor might be naughty or nice.
Here are a few of the things we discuss in this episode:
1:00 – How should your advisor be handling meetings with the client?
2:46 – If an advisor tells you they have an asset minimum, but is this actually nice?
4:28 – Should your advisor go ahead and make investment changes for you?
6:04 – On the Case with Heath
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 24 Feb 2023 - 14min - 292 - 3 Things That Are Underrated in the Financial World
The financial world is full of complexities, and it can be hard to keep up with all the nuances. However, there are some aspects that are often overlooked or underrated in terms of their importance. Here we will discuss three things that should be appreciated more in the financial world.
Here are a few of the things we discuss in this episode:
0:39 – Why liquidity is important for a retiree?
1:47 – Why don’t we appreciate predictability more?
3:06 – The beauty of simplicity in a financial plan.
5:46 – Mailbag question on Roth conversion amounts
6:59 – Mailbag question on rolling over an old 401(k)
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 17 Feb 2023 - 09min - 291 - Are These Financial Strategies Overrated?
When it comes to financial strategies, there are three that might not be as advantageous as you might think: tax advantages, rates of return, and commission-based investment accounts. In this episode of the podcast, Eric Hogarth, CFP® will explain why.
Here are a few of the things we discuss in this episode:
1:51 – Are tax advantages overrated?
4:20 – What states do people in New England move to in retirement?
5:57 – Story about a conversation we had with a client recently
7:34 – Are rates of return overrated?
9:38 – Are commission-based investment accounts overrated?
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 10 Feb 2023 - 12min - 290 - Old IRAs, Rollovers, and Spousal Benefits – Mailbag
On today’s episode, we’ll dive into the mailbag to answer a few financial questions that we’ve been asked recently. The topics we’ll tackle today are what to do with old IRAs, rolling over retirement accounts, and Social Security benefits for ex-spouses. If you’ve been curious about any of these financial planning items, then you’ll want to listen to this show.
Here are a few of the things we discuss in this episode:
1:55 – Mailbag question 1 – Should I cash out an old IRA?
3:22 – More accounts doesn’t mean more diversification
5:02 – Mailbag question 2 – Is it okay to do a rollover now and in the near future or all at once?
6:48 – Mailbag question 3 – Can I collect on my ex-husband’s Social Security benefit?
7:40 – Why you want to get the Money Map retirement review
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 03 Feb 2023 - 09min - 289 - 7 Deadly Sins of Financial Planning
Let’s take a little different approach to the financial discussion today and look at how the seven deadly sins can apply to your planning. Not only should you be avoiding these sins in your personal life but also in a financial context as well.
Here’s are the seven sins we discuss in this episode:
2:30 – Pride
3:59 – Envy
5:22 – Wrath
6:46 – Greed
8:31 – Laziness
10:178 – Gluttony
12:13 – Lust
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 27 Jan 2023 - 15min - 288 - Major Questions Around Inheritances
We often only deal with an inheritance a few times during our lifetime, so it's little surprise that we get questions about receiving and leaving an inheritance. In this episode, Eric Hogarth, CFP® will address the major inheritance questions that are out and highlight some of the mistakes that are commonly made.
Here’s what we discuss in this episode:
0:50 – Tax implications of the money you inherit
2:28 – How SECURE Act changed inheritances
4:50 – Estate planning mistakes we commonly see
6:19 – How we can help you with an inheritance
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 20 Jan 2023 - 08min - 287 - Recapping 2022 & Making a Checklist for 2023
The start of a new year always provides a chance for reflection and opportunity to reset goals for the next 12 months. Today’s episode will do both of those things as Eric highlights the biggest financial takeaways from a volatile 2022 and lays out a checklist of action items for 2023.
Here’s what we discuss in this episode:
0:38 – Stocks and bonds drop in 2022
2:43 – Mortgage rates doubled in 2022
4:01 – Bitcoin had an awful year in 2022
6:09 – Gas prices soared in 2022
7:46 – On the Case with Heath Grossman, CFP® - Sequence of returns risk
16:45 – New Year Checklist – Tax withholdings
17:57 – New Year Checklist – Retirement account contributions
18:56 – New Year Checklist – Gather all your tax info
19:30 – Mythbusting with Matt
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 13 Jan 2023 - 25min - 286 - How Your Upbringing Impacts Financial Planning
When you think about financial planning, you might not realize that your childhood can have a big impact on your current finances. Eric Hogarth, CFP®, explains how our upbringing can influence our money decisions later in life. Understanding these money triggers can help us make more conscious choices about our spending and saving. Join us to learn more about how your own childhood may be impacting your financial planning today.
Here’s what we discuss in this episode:
1:22 – Those who lived through the Great Depression
4:29 – People that grew up very poor
9:09 – Growing up in a wealthy family
10:43 – The way families communicate about money
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 06 Jan 2023 - 15min - 285 - RMDs, Savings, Mutual Funds & Other Mailbag Questions
Providing answers to your financial questions is one of the things we enjoy doing most each day and our podcast provides a great outlet for that to happen. On this episode, we’re going to take four questions on RMDs, savings, planning mistakes, and whether ETFs or mutual funds are the better investment.
Here’s what we discuss in this episode:
0:26 – Mailbag question on RMDs
2:44 – Mailbag question on keeping money in savings
4:18 – Mailbag question on retirement planning mistakes
7:27 – Mailbag question on ETFs and mutual funds
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 30 Dec 2022 - 12min - 284 - Reasons Why People Aren’t Ready to Retire
Are you ready to retire? Many people aren't sure if they are ready to leave their careers behind. In this blog post, we will discuss some of the reasons why people may not be ready to retire. We will also provide tips on how to overcome these challenges and make the transition to retirement easier. So, if you are thinking about retiring soon, be sure to listen to this episode.
Here’s what we discuss in this episode:
0:42 – Bigfoot news
2:27 – “I don’t want to retire”
3:53 – They’d be bored if they retired.
5:41 – They use this excuse as a defense mechanism
7:29 – Lack of confidence
9:45 – Eliminate the anxiety through planning
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 23 Dec 2022 - 12min - 283 - Stock Market Shenanigans
In times like these when the stock market is tumbling over an extended period of time, we often get calls and questions from people about what they’re most concerned about. It’s natural to be worried or fearful when account values are dropping, but that’s a time when you can lean on your advisor. Let’s talk about the guidance we provide during volatile markets and what you should be paying the most attention to moving forward.
Here’s what we discuss in this episode:
0:42 – The questions and concerns we’re hearing right now
3:57 – What investments strategies can you use in these markets?
7:25 – Why do look at the mark in two extremes?
9:11 – Mailbag question on where to pull money from to invest
13:31 – The Money Map Retirement Review
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Fri, 16 Dec 2022 - 15min
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