Money Wisdom Joel Johnson

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/ 
 
 

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/ 
 
 

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/ 
 
 
 

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/ 
 

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/ 
 
 

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/