Money Wisdom
Listen to Johnson Brunetti's Money Wisdom with Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP®. Whether you’re approaching retirement or recently retired, Money Wisdom offers key financial insights to help you make informed decisions for you and your family. In a world full of financial noise, Jake and Nick aim to provide clarity, peace of mind, and practical guidance on your journey toward a secure, fulfilling retirement. Tune in each week as they address your questions and shine a light on the real financial challenges facing today’s retirees.
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Which Retirement Accounts Should You Withdraw from First?
06/13/2025
Which Retirement Accounts Should You Withdraw from First?
You’ve climbed the mountain and now it’s time to come down. In retirement, the question shifts from “Where should I invest?” to “Which account do I take money from first?” It’s not just about risk, but timing, taxes, and long-term flexibility. In this episode, Nick and Jake walk through the three major account types, pre-tax, Roth, and after-tax, and explain how withdrawing from the wrong one at the wrong time could cost you thousands. They discuss sequence of returns risk, why market losses in early retirement are so dangerous, and how to avoid "catching a falling knife" by planning withdrawals with both market and tax efficiency in mind. If you want your money to last, and your tax bill to potentially shrink, this conversation offers a simple framework for smarter decisions in the withdrawal phase. Here’s what we discuss in this episode: 💰 Pre-tax, Roth, and after-tax: what’s the difference? 📉 The danger of selling during a downturn 🧾 Why tax timing is just as important as returns 📊 Use each account for what it’s best for 🔒 Building safety nets before the market turns Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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What To Do In A Down Market
06/06/2025
What To Do In A Down Market
The headlines are loud, the markets are messy, and your gut might be telling you to do something — anything — right now. But what should you actually do when your portfolio takes a hit? In this episode, Jake and Nick offer advice for navigating a down market without making costly mistakes. They explain why emotional reactions often lead to regret, and how fear-based decisions, like pulling out of the market, can do more harm than good. That’s the value of having a financial plan that aligns your risk level with your timeline and needs. The markets may be shaky, but your plan doesn’t have to be. Here’s what we discuss in this episode: 😬 Why emotions sabotage long-term wealth 🪣 How a “bucket strategy” softens downturn impact ❌ The myth of timing the market 🎯 Why good planning outperforms good guessing Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Is My Social Security Income Taxable?
05/30/2025
Is My Social Security Income Taxable?
Social Security may be one of your most reliable retirement income sources, but it’s also one of the most misunderstood when it comes to taxes. Many retirees are surprised to learn that yes, Social Security can be taxable, depending on your overall income. In this episode, we break down how the rules aren’t always as straightforward as they seem. Here’s what we discuss in this episode: 💵 When Social Security becomes taxable 📊 What MAGI thresholds really mean 🌎 State rules that may surprise you ⏳ How timing affects your benefit 📈 Why tax planning starts before you file Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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How to Plan for a 30-Year Retirement
05/23/2025
How to Plan for a 30-Year Retirement
Retirement isn’t just the end of your working years, it’s the beginning of what could be the most financially demanding third of your life. With people living longer than ever, planning for a 30-year retirement is no longer just smart, it’s essential. In this episode, Jake and Nick address how the old model of relying solely on Social Security and pensions doesn’t hold up anymore, especially when inflation, healthcare costs, and market volatility enter the picture. They also discuss how to build a retirement plan that adapts to every stage, from the energetic “go-go” years to the slower seasons that come with higher medical expenses and fewer travel plans. Find out how Johnson Brunetti helps you identify the real income gap, assess your risk exposure, and create a spending strategy that balances lifestyle with longevity. You’ll learn why “sitting in cash” may feel safe but could actually hurt you, and how to position your savings for both sustainability and flexibility. Here’s what we discuss in this episode: 📅 Why your retirement might last 30+ years 📉 The danger of being “safely” in cash 🩺 Planning for future healthcare surprises 📊 Aligning your investments with real-life use Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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The Retirement Tax Trap No One Warned You About
05/16/2025
The Retirement Tax Trap No One Warned You About
Most people go into retirement assuming their taxes will drop, but what if that assumption sets you up for a nasty surprise? In this episode, Jake and Nick unpack the “tax trap” that catches countless retirees off guard. It’s a hidden pitfall that turns decades of diligent saving into unexpected tax bills when you finally tap into your nest egg. They will reveal how common retirement strategies, like deferring taxes through 401(k)s and IRAs, might backfire if not planned for properly. They also break down why general financial advice may not serve you well once you're within 10 years of retirement, and what to consider instead. You’ll hear practical discussion about Social Security taxation, Roth conversions, and how legacy goals shape tax strategy. This episode doesn’t just teach you how to avoid mistakes, it urges you to ask better questions about how and when to pay Uncle Sam. Here’s what we discuss in this episode: 💥 The myth of lower taxes in retirement 📉 Social Security surprise tax bills 🧾 Timing your “tax check” for maximum savings 🏛️ Roth conversions and smarter legacy planning Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Financial Goals You Shouldn’t Overlook
04/11/2025
Financial Goals You Shouldn’t Overlook
When it comes to preparing for retirement, most people focus on the obvious goals of saving enough and building an emergency fund. But in this episode of Money Wisdom, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® explore the deeper, often overlooked financial goals that truly make or break your retirement experience. It’s not just about hitting a magic number. It’s about assigning purpose to each dollar you’ve saved. Proper planning goes well beyond investments to include things like tax strategies, income planning, healthcare expenses, gifting, legacy planning, and even how you’ll spend your time. If you're wondering what you might be missing as you approach retirement, join us as we answer Here’s what we discuss in this episode: 🎯 Retirement planning is about purpose, not just savings goals 💡 Unexpected life events can reshape your financial priorities 💬 The right advisor brings clarity beyond the numbers 🏡 Legacy and lifestyle planning are often just as important as investments Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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How to Approach Finances in a Second Marriage Later in Life
04/04/2025
How to Approach Finances in a Second Marriage Later in Life
Getting engaged later in life is an exciting time, but it requires different financial planning conversations. With blended families, different retirement timelines, and evolving goals, couples in this situation face unique challenges. Jake and Nick break down how your relationship with money changes as retirement nears and why your financial plan should evolve right alongside it. Here’s what we discuss in this episode: 📊 Your investments need a new job—income, not just growth 🏦 Assign purpose to each dollar to reduce risk and increase clarity ⏳ The closer you are to retirement, the more planning matters Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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How Often Should You Meet with Your Financial Advisor?
03/28/2025
How Often Should You Meet with Your Financial Advisor?
Establishing a solid relationship with a financial advisor is crucial for effective planning, but what does that look like in practice? Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® discuss the essential role that communication plays in the client-advisor relationship to help set expectations for the planning process. We received this question recently and wanted to open up the conversation so everyone can glean a little information from it. We’ll pull back the curtain on what ongoing communication looks like at Johnson Brunetti, with clients typically receiving ongoing education, quarterly events, newsletters, market updates, and in-depth reviews once or twice a year. Plus, we’ll explain why meeting too frequently might not be a good thing and give you a few red flags to watch for. Here’s what we discuss in this episode: 📞 Proactive Communication – Why regular updates matter more than you think 📊 Annual Review Strategy – What goes into those once or twice-a-year deep dives 🚩 Advisor Red Flags – What it means when you haven’t heard from them in years 🧭 Life Changes = Plan Changes – When it’s time to revisit your strategy 0:00 – Today’s question 1:14 – How we interact with clients 3:29 – Proactive communication 4:50 – Can you meet too frequently? 6:18 – Client needs Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Understanding Long-Term Care Insurance Options
03/21/2025
Understanding Long-Term Care Insurance Options
is a significant concern for individuals approaching retirement because it’s an expense most people aren’t prepared for. Trying to prepare for it with insurance isn’t cheap, and people often ask us if it’s worth it. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® tackle this pressing issue by answering a listener’s question about long-term care insurance and the options available. Here’s what we discuss in this episode: 0:00 – Today’s question 1:39 – Reason it’s expensive 3:39 – Long-term care options 6:48 – Where is long-term care on the priority list? 9:18 – Final thoughts Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Ways to Lower the Taxes on Your RMDs
03/14/2025
Ways to Lower the Taxes on Your RMDs
Preparing for required minimum distributions (RMDs) can be quite unsettling when you know withdrawals are coming and the IRS will be waiting. In this episode of the Money Wisdom podcast, we’re going to answer a question about what you can do from a planning standpoint when large RMDs are coming in retirement. This situation highlights a common issue: retirees often find themselves in due to large mandatory withdrawals, reducing their financial flexibility. So what are the strategies you can utilize to manage your tax requirements? Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP will take you through some of the strategies today. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – What to know about RMDs 4:13 – Income planning 8:49 – Tax planning Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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The Importance of Financial Communication in Marriage
03/07/2025
The Importance of Financial Communication in Marriage
Financial planning is an essential aspect of life, but every family handles their money a little differently. The Money Wisdom podcast tackled a common question: what happens when one spouse handles all financial matters, leaving the other uninformed? This scenario, while common, for family members, particularly adult children who may be concerned about their parents' financial security. Discover practical strategies to ensure that both partners are informed and prepared, and learn how to involve adult children in these important discussions. Here’s what we discuss in this episode: 0:00 – Today’s question 1:00 – Couples and finances 2:56 – Keeping planning simple 4:44 – Involvement is key 6:48 – Our clients Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Should You Switch to a Health Care Plan with an HSA?
02/28/2025
Should You Switch to a Health Care Plan with an HSA?
A health savings account can be an incredibly powerful tool for tax-advantaged savings but not every health plan includes that option. Is it worth switching your plan for one that allows you to contribute to an HSA? In the latest episode of Money Wisdom, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® tackle a listener's question about HSAs and walk you through a few of the things you need to know before you switch plans. With rising health care costs and the complexities of health insurance, understanding HSAs and whether they are the right choice for you is crucial. Here’s what we discuss in this episode: 0:00 – Today’s question 0:53 – What is an HSA? 2:09 – Qualifying for HSA 3:14 – Something to keep in mind 4:22 – Which health plan is right for you? 6:39 – Investing in HSA Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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What’s the Average Age People Retire?
02/21/2025
What’s the Average Age People Retire?
Most people want to know how they stack up to other people as they approach retirement, which is why people often ask about the average age most people decide to retire. We work with people across different states and regions, so we see a range of ages. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® share their personal experiences from the planning process and explain why comparisons don’t provide the right perspective for retirement. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – Boston clients 2:10 – Connecticut clients 3:17 – Different ages that matter 6:00 – Managing this period of life Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Does Paying Off Your Debt Kill Your Credit Score?
02/14/2025
Does Paying Off Your Debt Kill Your Credit Score?
One of the primary concerns for individuals nearing retirement is the desire to be debt-free. While this is a noble goal, it raises several questions about financial strategy, liquidity, and credit scores. While being debt-free may feel like a significant milestone, it is crucial to consider the broader financial picture. In the latest episode of the podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® discuss the various aspects of debt management and its implications on retirement planning. Here’s what we discuss in this episode: 0:00 – Today’s question 0:54 – Considerations 2:57 – Do you need to be debt free? 5:44 – Credit score Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Preparing for the Possibility of a Layoff in Your 50s
02/07/2025
Preparing for the Possibility of a Layoff in Your 50s
In today's fast-paced world, job security can often feel like a fragile concept, especially for those in their 50s. In this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, address a listener's concern about and talk about steps to take if you’re facing similar uncertainties. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – Initial checklist 2:26 – Why things change in your 50s 4:18 – Changing your saving strategies 5:18 – Retirement planning considerations 7:48 – Final Thoughts Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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Do You Need to Update Beneficiaries After Getting Remarried
01/31/2025
Do You Need to Update Beneficiaries After Getting Remarried
With more people getting divorced later in life, blended families are common, and it leads to additional conversations involving planning. One of the things that need to be addressed when someone remarries is the estate plan, particularly the beneficiaries. Do you need to make changes or can you just let your will take care of your needs? In this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, we’ll answer a question from someone in this position who doesn’t want to go through the hassle of updating all their estate documents but wants to change beneficiaries. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – Estate planning conversations 3:06 – Issues with not updating beneficiaries 5:04 – Important conversations Our website: Phone: 800-208-7233 Contact our team: Get your customized Money Map: Join us for our next financial workshop: Check out our other no-cost financial resources here: Check us out on YouTube:
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When Should You Use Donor Advised Funds?
01/24/2025
When Should You Use Donor Advised Funds?
A key aspect of planning is finding ways to be as efficient as possible with your money and one great example of that is charitable giving. It’s something that many people care a lot about and if we can help them do that with more efficiency, it’s a win-win for everyone. That’s why this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, is all about donor advised funds and qualified charitable distributions (QCDs). These financial tools are gaining attention for their ability to offer significant while enhancing charitable giving and we’ll break down what you need to know. Here’s what we discuss in this episode: 0:00 – Intro and question 0:42 – Defining donor advised funds 2:00 – When would you use this? 4:54 – QCDs Join us for our next financial workshop to learn about these strategies and more. Text WORKSHOP to 800-757-0436 to reserve your spot today. Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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Retirement Planning Considerations for Unmarried Couples
01/17/2025
Retirement Planning Considerations for Unmarried Couples
With retirement approaching, many couples are faced with the challenge of aligning their financial goals without the traditional framework of marriage. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® address the challenges and planning needs for couples who aren’t married but still want to maintain a shared interest in their Here’s what we discuss in this episode: 0:00 – Intro and question 1:04 – Joint planning 2:37 – Financial benefits of marriage 5:16 – Investment planning Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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Do You Have Too Much Real Estate in Your Retirement Portfolio?
01/10/2025
Do You Have Too Much Real Estate in Your Retirement Portfolio?
Everyone wants to find the right mix of investments, but it’s easy to become over-concentrated in a specific asset. Real estate investors will often run into this dilemma as property values rise and home equity increases. In this show, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® will answer a question about how much real estate is too much and how should you start shifting investments as you approach retirement. Here’s what we discuss in this episode: 0:00 – Intro and question 0:57 – First step 2:53 – What are your retirement needs? 4:38 – Over-concentration 6:09 – Numbers to address Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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How Do You Compare Financially to Others Your Age?
01/03/2025
How Do You Compare Financially to Others Your Age?
Are you constantly comparing your retirement savings to those of your peers? If so, you're not alone. Many people find themselves trapped in the cycle of comparison, wondering if they measure up to others. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle this common concern and explain why comparison can be detrimental to your financial health. Here’s what we discuss in this episode: 0:00 – Intro 1:02 – How do you quantify this? 2:32 – Every situation is different 3:45 – What really matters 6:55 – Planning Learn more about our financial workshops: Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: Check us out on YouTube:
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What to Do if You’re Worried About Leaving Your Child a Large Sum of Money
12/27/2024
What to Do if You’re Worried About Leaving Your Child a Large Sum of Money
can be difficult enough on its own but what happens when you’re hesitant to leave behind a large sum to a child who might be lacking financial responsibility. This challenge is the focus of the latest episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®. They tackle a common concern shared by many parents: ensuring their wealth is managed wisely after they're gone. Here’s what we discuss in this episode: 0:00 – Intro and question 0:47 – Common situation for families 2:06 – Types of accounts matter 4:50 – Ways to lower taxes 6:01 – Will vs trust 9:04 – Next steps Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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Should You Consider a Roth Conversion at 60?
12/20/2024
Should You Consider a Roth Conversion at 60?
The reality of taxes in retirement starts to become more evident the closer you get, and it’s not uncommon for people to wish they had contributed more to a Roth while they were saving. Having those tax-free withdrawals in retirement is wonderful, so what can you do if you find yourself in this position? That’s the question we’re going to tackle in our latest Money Wisdom question series. Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® will break down the and discuss the factors you need to weigh before deciding to convert any money. With it being the end of the year, this is the perfect time to be having this conversation. If you want to learn more about , make sure you get a copy of the "Are You Paying Too Much in Taxes in Retirement?" booklet. Text the word OFFER to 800-757-0436 to get a complimentary copy. This guide can help retirees assess their tax situation and explore strategies to optimize their savings. Here’s what we discuss in this episode: 0:00 – Intro 0:54 – Today’s question 1:39 – What is a Roth conversion? 2:57 – How to get money into a Roth 4:34 – Main consideration Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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Should Target Date Funds Be in Your Portfolio?
12/13/2024
Should Target Date Funds Be in Your Portfolio?
Investors will often use target date funds in a retirement account because they’re easy to use and align with the goal of retiring at a certain time. Is it really that simple or can you find alternatives that will provide better results for what you want to accomplish? In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® take on another listener's question about the effectiveness of target date funds for retirement planning. As retirement approaches, many individuals are faced with the decision of whether to invest in these funds or move that money somewhere else. For those interested in learning more about 401k strategies and retirement planning, we strongly suggest picking up the "Ultimate 401k Guide" by Eric Hogarth, CFP®. This guide offers insights into how 401ks work and provides practical advice for optimizing retirement savings and all you have to do is text GUIDE to 800-757-0436. Here’s what we discuss in this episode: 0:00 – Today’s question 1:23 – Investment goals 2:52 – What target date funds do 5:55 – 401k accounts 8:05 – Retirement account types Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: Check us out on YouTube:
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Do You Still Need Life Insurance in Retirement?
12/06/2024
Do You Still Need Life Insurance in Retirement?
Life insurance has a clear role within a financial plan, but is it worth keeping a policy once you’ve reached retirement and don’t have as much of a need for income replacement? In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle a listener's question about the necessity of life insurance in retirement. We’ll work through the complexities of life insurance policies and discuss the considerations that could help you make informed decisions about your policy. Want a copy of The Money Map? Text MAP to 800-757-0436 to get one. Here’s what we discuss in this episode: 0:00 – Intro 0:50 – Today’s question 2:00 – The need for life insurance 4:35 – Types of insurance 6:40 – Considerations 9:09 – Aligning your planning Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: Check us out on YouTube:
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Is It Okay to Carry Debt in Retirement?
11/29/2024
Is It Okay to Carry Debt in Retirement?
Managing your money in retirement is much simpler when you don’t have to debt to account for, but there are times when debt isn’t necessarily a bad thing. In this week’s Money Wisdom question series, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle a listener's question about whether it's wise to carry debt into retirement. This discussion addresses the pros and cons of carrying debt into retirement, particularly focusing on mortgages and home equity lines. Here’s what we discuss in this episode: 0:00 – Intro 1:19 – Today’s question on debt 1:46 – Good debt vs bad debt 3:11 – Threshold for good debt 6:30 – Debt in retirement Text KIT to 800-757-0436 to get your ‘Are You Ready to Retire’ Starter Kit! Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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Is It Worth Moving to a State with No Income Tax in Retirement?
11/22/2024
Is It Worth Moving to a State with No Income Tax in Retirement?
Many retirees make the decision to move in retirement but should no income tax be the main reason for relocation? While it might save you money in taxes, the move might not benefit you as much as you think. In this episode of the Money Wisdom Podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® talk taxes in Massachusetts and Connecticut and the considerations that go into moving to another state in retirement. Text KIT to 800-757-0436 to get our ‘Are You Ready to Retire?’ Starter Kit Here’s what we discuss in this episode: 0:00 – Intro 0:52 – Reasons people move 2:47 – Ask yourself these things 3:59 – Taxes in Massachusetts 7:20 – Millionaires tax 9:51 – What to think about Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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Are You Sitting on Forgotten 401k Money?
11/15/2024
Are You Sitting on Forgotten 401k Money?
As life gets busy, it’s not uncommon to lose track of old financial accounts, especially if you've switched jobs multiple times. When someone leaves an employer, that old 401k will stay where it is unless you do something with it and it’s easy to forget about. But did you know that rediscovering this "found money" could significantly impact your financial future? In the latest episode of the Money Wisdom podcast, and share guidance to anyone who has ever stumbled upon an old 401k. Here’s what we discuss in this episode: 0:00 – Intro 1:56 – Forgotten 401k 6:08 – The Ultimate 401k Guide 7:07 – Why you might not want to move the money For those looking for more in-depth guidance on managing their 401k, we offer a valuable resource: "The Ultimate 401(k) Guide.” Just text the word GUIDE to 800-757-0436 to get a copy. This guide provides a comprehensive overview of the pros and cons of different retirement account options, helping you make informed decisions about your financial future. Check out our other free financial resources here: Contact our team: Check us out on YouTube:
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The Election is Over, Now What?
11/08/2024
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, , and other areas of planning? and 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. 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: Contact our team: Check us out on YouTube:
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Are Annuities a Good Source of Retirement Income?
11/01/2024
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? and 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: Contact our team:
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How Can You Earn Better Yield on Your Savings?
10/25/2024
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? and 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: Contact our team: Watch the show on YouTube:
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