Money Wisdom

Changing jobs is more common than ever, but what happens to your old 401(k) when you move on? In this episode, Jake and Nick break down your four main options and the pros and cons of each. They'll explain when to leave it, when to roll it, and when to rethink your entire retirement strategy. Don't just "set it and forget it." Use your new position as a chance to simplify, consolidate, and get your money working smarter for your future.

Here's what we discuss in this episode:

💰Tax Awareness: how rollovers and withdrawals affect your future income

🏢 New Employer's Plan: pros and cons of rolling funds into your new 401(k)

🚫 Cashing Out: understanding the taxes and penalties before you act

💌 Mailbag Minute: answering real listener questions about job changes and retirement plans

🧭 Work With a Pro: make sure your next move fits your bigger plan

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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What could Fleetwood Mac possibly teach you about retirement planning? Turns out, plenty. Today, Jake and Nick take five classic Stevie Nicks songs and translate them into powerful financial lessons about independence, communication, and learning how to plan unexpected "landslides." You'll learn why flexibility matters, how to avoid regret, and how to make your money work in harmony with your goals and dreams. Great financial planning, like great music, never goes out of style.

Here's what we discuss in this episode:

💰 Tax Efficiency: manage withdrawals and investments to minimize surprises

🧾 Estate Planning: know when (and if) an irrevocable trust makes sense

🪞 Self-Reflection: the best plans are personal, intentional, and adaptable

🎵 Go Your Own Way: embrace flexibility and financial independence

🔗 The Chain: build strong, trustworthy relationships with fiduciary advisors

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Health Savings Accounts (HSAs) might be one of the most underrated tools in all of financial planning and today we're going to tell you why. Nick and Jake will explain the three major benefits of an HSA and how to use it strategically before and during retirement. You'll learn how to make the most of this "triple tax advantage," including deductible contributions, tax-free growth, and tax-free withdrawals. There aren't many financial tools that give you three layers of tax advantages, but the Health Savings Account (HSA) is one of them.

Here's what we discuss in this episode:

🏥 What an HSA really is and how it works

🧾 Why HSAs beat most other tax-advantaged accounts

💳 Using an HSA for immediate medical expenses

🧠 The long-term strategy: treating it like an investment account

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Retirement brings freedom, but navigating health insurance can quickly become one of the most confusing parts of the transition. In this episode, Nick and Jake walk through the key types of insurance every retiree should evaluate, from health and long-term care to life, homeowners, and umbrella coverage. Find out how each fits into your retirement plan and which policies make sense depending on your income and assets.

Here's what we discuss in this episode:

💊 Retirees may be able to save thousands on premiums

🧾 Traditional vs. hybrid long-term care coverage

🏠 Homeowners and auto coverage: what to review

🔍 The pros and cons of long-term care insurance

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Want to pay less tax now, or never pay tax again? That's the real question behind the Traditional vs. Roth debate. When it comes to saving for retirement, few questions get asked more often than: Should I use a traditional account or a Roth? The truth is, there isn't a one-size-fits-all answer.

In this episode, Jake and Nick unpack the key differences between Traditional and Roth IRAs and 401(k)s. They explain how income limits affect your ability to contribute, why tax brackets matter, and how Roth contributions can provide long-term tax-free growth.

Here's what we discuss in this episode:

🧮 Four keys to consider: income, age, taxes, goals

📊 Why income & tax brackets may shape your decision

🔄 Using backdoor Roths and Roth conversions as planning tools

🧭 How to blend both accounts for long-term strategy

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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For many retirees, Social Security is one of the most important income streams, but also one of the most misunderstood when it comes to taxes. In this episode, Jake and Nick break down the rules around how Social Security benefits are taxed at both the federal and state level, and what strategies might help you keep more of what you've earned.

Find out how the One Big Beautiful Bill reshaped standard deduction rules, creating new planning opportunities (and pitfalls to watch for). As Jake points out, extracting money in retirement is often far more complicated than accumulating it. That's why tax planning and income planning go hand-in-hand if you want to minimize surprises and maximize your retirement paycheck.

Here's what we discuss in this episode:

📜 How federal and state rules impact Social Security taxation

🧾 Why modified adjusted gross income (MAGI) matters

🏦 How withdrawal timing and Roth conversions influence taxes

🏛️ Big Beautiful Bill: what it means for federal taxation

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Interest rates are in the headlines as people await the next Fed meeting, but what do they really mean for you? Interest rates ripple through nearly every aspect of your financial life, from mortgages and credit cards to savings accounts and even the stock market.

In this episode, Nick and Jake break down how they work, why the Fed adjusts them, and what those moves mean for borrowers, savers, and investors. You'll hear historical lessons from times when rates were sky-high or near zero, plus practical strategies for tackling high-interest debt and deciding whether to pay off your mortgage early. One small shift in interest rates can shake the entire economy, and this conversation shows you how to stay ahead.

Here's what we discuss in this episode:

🏦 Why the Fed raises or lowers interest rates

💳 How borrowing costs change with rates

💰 Why high rates can help savers but often hurt spenders

📉 The link between interest rates and the stock market

🎯 Strategies for handling high-interest debt

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/

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Social Security will look different in 2026, and while the adjustments may seem minor on the surface, they can carry real weight over the course of retirement. Today we'll explain what's changing and why it matters for your long-term planning.

Join Jake and Nick as they discuss how benefits are shifting, why retirement ages continue to move later, and the impact of higher costs tied to healthcare and taxes. More importantly, they highlight how these changes fit into the bigger picture. Social Security was never meant to be a stand-alone retirement plan, and relying on it exclusively can leave you vulnerable to inflation, rising medical expenses, and legislative tweaks like the ones we're seeing now.

Here's what we discuss in this episode:

📈 2026 COLA: 2.7% raise, still trails inflation

⏳ A later full retirement age means planning for longer lifespans and income needs

🏥 Healthcare costs keep climbing with Medicare premium hikes

🧭 Small changes add up, so planning ahead is essential

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Football season is here, and so are the lessons we can borrow from the field to improve our financial game plan. Just like an NFL team can't win without balance, your retirement strategy needs more than one play. In this episode, Jake and Nick draw from the NFL playbook to show how offense, defense, special teams, coaching staff, and even audibles translate into smart money moves.

But football isn't just about winning games. It's about adapting, relying on your team, and preparing for the unexpected. That's where retirement planning parallels real life: your goals, your risks, and your "game day" decisions need a plan that adjusts when life throws a surprise blitz. Plus, you'll hear how managing inflation and building safeguards against risk can help keep you moving the ball down the field towards a confident retirement.

Here's what we discuss in this episode:

🏈 Offense & growth – You must keep scoring points with growth-oriented assets to outpace inflation

🛡️ Defense & protection – Avoiding losses is critical, but being too conservative can hurt just as much

🚨 Special teams – Tax planning, insurance, and estate strategies are as essential as investing

👥 Team coordination – Household members and professional advisors must work together seamlessly

📣 Be flexible – Life will throw curveballs, and your financial plan must adapt

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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For many people, the 401k is their largest retirement asset, but is it enough to carry you through decades without a paycheck? Today, Jake and Nick unpack one of the most common questions they hear: "Will my 401k be enough for retirement?" Find out why simply looking at the balance isn't enough. You need to know your numbers, which means identifying income sources like Social Security, pensions, or rental income, understanding your monthly expenses, and then calculating what gap your savings must cover.

Plus, we'll break down the latest contribution limits, catch-up rules, and the growing importance of Roth options. And does it make sense to move money from a 401k to an IRA? We'll tell you what the benefits could be and why most people make that move to provide more options in retirement.

Here's what we discuss in this episode:

💵 2025 contribution limits and catch-up rules explained

🔀 When to consider rolling a 401k to an IRA

⚖️ Roth vs. pre-tax: what to know now

🛠️ Why control and flexibility matter most in retirement

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Retirement success isn't about luck, it's about knowing your numbers before you take the leap. In this episode, Nick and Jake break down the five must-know numbers before you retire so you can step into your next chapter with confidence instead of scrambling.

They'll walk you through why it's critical to know your exact monthly and annual expenses (including the "fun" costs), what guaranteed income streams you can count on, and how much you've actually accumulated in retirement accounts, savings, and investments. You'll also learn why estimating healthcare costs is more important than ever and how understanding your withdrawal rate—before and after taxes—can keep your plan sustainable for decades. Packed with practical tips, this conversation shows how each number connects to your bigger financial picture.

Here's what we discuss in this episode:

🏗️ Why expenses are your retirement foundation

💰 Mapping out guaranteed income sources

📈 Knowing your total retirement savings

🩺 Estimating lifetime healthcare costs

⏳ Understanding withdrawal rates before and after taxes

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Get Your "Are You Ready to Retire?" Starter Kit:

Text "KIT" to 800-757-0436

Retirement isn't just a financial milestone, it's a major life transition. After decades of building a career, your daily routines, social circles, and sense of purpose can be deeply tied to work. When the paychecks stop and your calendar opens up, how will you adjust? In this episode, Nick and Jake go beyond the numbers to explore the psychological and practical steps for navigating life without work.

They discuss why retirement is the most significant mental and financial shift you'll ever make, how to redefine your identity outside of a job title, and ways to build purpose and community in this next chapter. You'll also hear real strategies for staying connected, avoiding the loneliness trap, and aligning your retirement dreams with a solid income plan so you can live with confidence. If you want your retirement years to be the most fulfilling chapter of your life, this conversation will help you get there.

Here's what we discuss in this episode:

🔄 Redefining your identity beyond work

🤝 Building community and staying socially connected

🌟 Finding purpose and meaning in retirement

📜 Creating a written income plan to support your goals

🧭 Adapting as your needs and priorities change over time

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/

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There's been a lot of noise around the One Big Beautiful Bill, an 887-page piece of legislation that just reshaped key elements of the tax code. But what does it actually mean for your retirement? In this episode, Jake and Nick cut through the headlines to explain what's changing, what's staying the same, and why this bill may be the biggest planning opportunity in years. Join us as we unpack some of the common myths, including confusion around Social Security taxes, and explain what high-net-worth families need to know about estate planning.

Plus, we dive into the extension of the 2017 tax cuts and bigger deductions for those over 65, changes that could directly impact how you plan, save, and retire. The bill brings real benefits, but only if you know how to use them. The choices you make in the next year or two could have a significant impact on how much you keep and how much goes to Uncle Sam.

Here's what we discuss in this episode:

📉 Why taxes are "on sale" through 2028

🧾 Standard deduction boost for retirees over 65

🏛️ Federal estate tax thresholds made "permanent"

📚 Expanded uses for 529 plans (not just college!)

❌ The truth about Social Security taxes

⚠️ Medicaid and ACA cuts: what to watch

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Unsure about social security? Check out our guide:

Text "SOCIAL" to 800-757-0436

Social Security has been in the headlines, and for good reason. Estimates show the Social Security Trust Fund may be depleted by 2032–2034 if no changes are made, raising alarm bells for retirees and pre-retirees alike. In this episode, Jake and Nick explain what's at risk, what parts of the system will keep running, and what Congress can do to keep the system going.

They also discuss the real factors that should drive your decision on when to claim Social Security. Plus, they share how raising the full retirement age and increasing FICA taxes could reshape the program's future. The system likely isn't going away, but that doesn't mean you should ignore the warning signs. Wondering what to do next? This episode will help you build a smarter plan when it comes to Social Security and feel more confident about your financial future.

Here's what we discuss in this episode:

📉 What "running out" of money really means

🧾 The 75/25 split: where your benefit comes from

📆 Why 2032–2034 is a pivotal timeline

📊 Options Congress has to shore up the system

👫 How your spouse or legacy should affect your timing

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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Medicare may feel overwhelming, but this fast-paced episode breaks down what you really need to know in just 10 minutes. In this episode, Nick and Jake walk you through the basics: when you're eligible, how enrollment works, and what each part (A, B, C, D) actually covers. They also explain the difference between Medicare Advantage and Original Medicare with supplements, how your income can impact premiums, and why certain medical expenses like long-term care and alternative treatments might not be covered. Get tips on how Medicare fits into your broader retirement plan and the importance of working with an independent Medicare agent.

Here's what we discuss in this episode:

📅 When and how to enroll in Medicare

🏥 What Parts A, B, C, and D actually cover

💰 How your income can affect your Medicare premiums

⚖️ Medicare Advantage vs. Supplements: pros and cons

📞 Why working with an independent agent matters

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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No one likes thinking about death but ignoring what happens to your money after you're gone can leave your loved ones with stress, confusion, and financial trouble. In this episode, Nick and Jake unpack the essential documents and decisions that determine where your assets end up, from wills and probate to powers of attorney and trusts. They explain how poor planning can lead to legal headaches, tax burdens, and family conflict, and why it's critical to have conversations now, not later. If you want to make sure your wishes carried out clearly and your family protected, this is a must-listen.

Here's what we discuss in this episode:

📝 The must-have document everyone needs

⚖️ Why having a will doesn't necessarily avoid probate

🔑 What authority is granted under a POA

📦 When a trust makes sense, and when it doesn't

💸 The silent tax trap your kids might inherit

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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When it comes to retirement planning, two deceptively simple questions can reveal everything: Am I going to be okay? What rate of return do I actually need? In this episode, Nick and Jake unpack what those questions really mean and why getting clear answers can make or break your retirement.

From defining what "okay" looks like (hint: it's not just a dollar amount) to calculating how hard your money needs to work without taking unnecessary risk, they illustrate how a solid retirement plan is more like tubing behind a boat than picking the hottest stock. You don't want to go so slow that inflation sinks you, or so fast that you wipe out. Join us to get more clarity, balance, and confidence in the next phase of life.

Here's what we discuss in this episode:

🎯 Define what you want from retirement

📊 Understand the actual return you need

⚖️ Finding your risk balance

🧩 Your plan should fit your life, not someone else's number

💸 It's not just about returns, it's about purpose

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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

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Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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

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Long-term care planning 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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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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 higher tax brackets 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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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, can create stress and uncertainty 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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

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Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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 preparing for potential layoffs 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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/

Check us out on YouTube: https://bit.ly/3CcAzai

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: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

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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 tax benefits 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.

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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 financial success.

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: https://johnsonbrunetti.com/financial-resources/

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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: https://johnsonbrunetti.com/financial-resources/

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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: https://johnsonbrunetti.com/financial-workshops/

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Estate planning 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: https://johnsonbrunetti.com/financial-resources/

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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 Roth conversion 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 tax planning strategies, 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: https://johnsonbrunetti.com/financial-resources/

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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/

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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: https://johnsonbrunetti.com/contact-us/

Check us out on YouTube: https://bit.ly/3CcAzai

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: https://johnsonbrunetti.com/financial-resources/

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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: https://johnsonbrunetti.com/financial-resources/

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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, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® 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: https://johnsonbrunetti.com/financial-resources/

Contact our team: https://johnsonbrunetti.com/contact-us/

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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/

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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/

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/

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Watch the show on YouTube:

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:

Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/

Contact our team: https://johnsonbrunetti.com/contact-us/

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:

Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/

Contact our team: https://johnsonbrunetti.com/contact-us/

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/

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/

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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:

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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:

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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:

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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:

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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:

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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:

Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/

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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:

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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:

Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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