200 episodes

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 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

Money Wisdom CBS Local

    • Business
    • 4.2 • 11 Ratings

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 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

    Simplifying the Complexities in Financial Planning

    Simplifying the Complexities in Financial Planning

    Many people are hesitant to dive into their finances or make any big decisions because there’s often so much information to sift through. When it comes to planning for retirement, we all need help sorting through our options and simplifying our financial plan. That’s exactly what Joel will help you do on this episode.
     
    As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. 
     
    Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-189-simplifying-the-financial-planning-complexities/ 
     
    What we discuss on this episode: 
    0:42 – Fun Fact of the Week
    3:10 – Beauty of Simplicity and How to Make Financial Structure Less Complicated
    6:49 – 3 Areas That Overwhelm People
    9:27 – Strategies Joel Uses to Bring Simplicity to Clients
    11:42 – Explaining How the Money Map Process Assists in This
    14:45 – Mailbag Question on mutual fund returns
    16:20 – Mailbag Question on getting spouse involved in finances

    • 20 min
    Breaking Down The Money Map

    Breaking Down The Money Map

    Whether you’ve listened to Joel on television or on this podcast, you’ve probably heard him mention The Money Map quite a bit. So what exactly is it? In this episode, we’ll explain the purpose of the book, what topics it covers, and some of the areas you’ll benefit from. Plus, we’ll take a couple of mailbag questions before we go.
    As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. 
     
    Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-188-the-money-map/ 
     
    What we discuss on this episode: 
    1:32 – What exactly will we find in The Money Map?
    2:20 – Examples of the chapters you’ll find in the book.  
    2:54 – Culture of greed, entitlement, and arrogance on Wall Street.
    3:39 – How to use real estate in your investment portfolio.    
    4:57 – Biggest mistake most people make in retirement.
    6:37 – Listener Question: Do I need to invest some of my pension income to cover my lack of savings in retirement?
    8:44 – Listener Question: Should my broker have more urgency about correcting my recent IRA losses since I’m 60-years-old?
    10:34 – How to get your complimentary consultation
     

    • 12 min
    Financial & Estate Planning Questions Facing Families

    Financial & Estate Planning Questions Facing Families

    Financial planning gets more complicated as you move through life and questions will undoubtedly arise along the way. Today we’ll answer a few of the submissions from pre-retirees and retirees dealing with financial and estate planning issues and provide as much information as we can.
     
    As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. 
     
    Read more and get additional financial resources here: https://johnsonbrunetti.com/financial-estate-planning-questions-facing-families/ 
     
    What we discuss on this episode: 
    0:21 – Mailbag Question 1: I’ve been very blessed and have more than I’ll probably need in my life. Should I start giving away money to my kids and grandkids now so they don’t have to worry as much about estate taxes and probate costs?
    2:05 – Mailbag Question 2: I’m thinking about getting married to someone 12 years old than me. I’m worried about what happens if he’s retired and I’m still working. Will this be a problem financially?
    4:29 – Mailbag Question 3: I’m in the middle of a divorce after 30 years of marriage. Would I be better off with half of his 401k or half of his pension?
    6:11 – Mailbag Question 4: My husband and I argue almost everyday about money because we haven’t done a good job of planning and it’s stressing us out. Is this normal or do we need some serious help?
    8:16 – Mailbag Question 5: I’m the executor of my deceased mother’s will and my sister is currently living in mom’s house. I don’t want to kick her out but I think I might need the money from the sale to fund my retirement. How do I figure out if I’m okay with what I have or if I need to kick my sister out?
    9:57 – Mailbag Question 6: My dad just died six months ago and I’m a little worried about my mom, who is in her late 70s and is now in charge of handling the investments for the first time in her life. I don’t know much about it myself so what should I tell her to do?
    11:45 – How can someone take advantage of the Money Map review process?

    • 14 min
    7 Questions from Pre-Retirees

    7 Questions from Pre-Retirees

    We’re going back to the mailbag and taking questions that specifically deal with concerns from pre-retirees. Let’s look at strategies for building your 401k, how much you might need for retirement, and preparations to make as you approach your retirement date.
     
    As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. 
     
    Read more and get additional financial resources here: https://johnsonbrunetti.com/7-questions-from-pre-retirees/ 
     
    What we discuss on this episode: 
    0:23 – Mailbag Question #1: I’m retiring in three years and I have almost a million in my 401k but I also have about $60K in consumer debt. Is it worth it to take money out of the 401k to pay it off now while I’m working?
    2:09 – Mailbag Question #2: I’m retiring later this year and I’ll have about 16 weeks unused vacation and sick leave that they’ll have to pay me. I’m told I can take this all in my final paycheck or continue being paid on my normal schedule every two weeks after I retire. Does it matter which way I do it?
    4:02 – Mailbag Question #3: I’m ready to retire but I won’t be old enough for Medicare for another six months. Should I just stick it out until then?
    4:50 – Mailbag Question #4: I’m starting a new job with a lower base side but higher commissions. My base salary is too low to contribute to my 401k and pay my bills. Is it ok to just use my commissions for retirement savings?
    6:15 – Mailbag Question #5: My company matches my 401k savings but they do it in company stock. I’m not excited about owning a lot of company stock but don’t want to miss out on the match. Should I still try to put in as much as I can?
    8:25 – Mailbag Question #6: I’ve heard that you need between 15-20x your annual salary in savings to be able to retire comfortably. Is that accurate?
    9:59 – Mailbag Question #7: My husband and I argue everyday about money because we haven’t done a great job saving for retirement and it’s stressing us out. Is this normal?
    12:15 – How we can help with all of these things.

    • 14 min
    Common Complaints People Have About Advisors

    Common Complaints People Have About Advisors

    We meet people every day that either work with or have worked with a financial advisor, and during those conversations we hear many of the same complaints. Let’s dive into the issues facing may pre-retirees and how we address them with our clients.
     
    Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-214-common-complaints-people-have-about-advisors/ 
     
    What we discuss on this episode: 
    1:08 – Peak of the homebuying frenzy?
    2:38 – Mailbag question on paying for a swimming pool
    5:38 – Complaint: Taking on too much risk
    9:21 – Different biases we have
    11:03 – How do you determine risk in your portfolio
    14:13 – Complaint: My fees are too high
    17:20 – Complaint: My account didn’t grow much 
    18:34 – Complaint: I only hear from my advisor when they want me to buy a stock
    19:03 – Mailbag question on investments for grandchildren
    20:49 – Mailbag question on investing outside of stocks

    • 25 min
    Conventional Wisdom in Retirement Planning

    Conventional Wisdom in Retirement Planning

    Conventional wisdom can be a great guide for investors but general guidance doesn’t always apply to each individual. There are exceptions for every rule and that’s what we want to discuss today. 
    As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. 
     
    Read more and get additional financial resources here: https://johnsonbrunetti.com/when-conventional-wisdom-in-retirement-doesnt-always-apply/ 
     
    What we discuss on this episode: 
    0:49 – Let’s start with conventional wisdom in retirement planning.
    1:06 – “You can’t go wrong with real estate. They aren’t making any more of it.”
    2:25 – “There’s good debt and bad debt. Mortgage debt is good debt”
    3:40 – “Retirement is a chance to relax after an exhausting career.”
    5:00 – “If your current investments are doing well, try something else.”
    6:39 – If people need guidance on what to do, how can that happen?
    10:11 – Shifting that mindset from accumulating to protecting.

    • 12 min

Customer Reviews

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11 Ratings

11 Ratings

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