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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  1. All Episodes
  2. The Five Things You Need To Control For Retirement

The Five Things You Need To Control For Retirement

Sep 15, 2017

Joel talks about the things that you can’t control and the things that you have to control when it comes to your retirement, that will allow your money to go further than you ever thought.

Main Questions Asked:

  • What are some of the things you can’t control?
  • What are the five things that we can control?

Key Lessons Learned:

Control

  • If you fail to plan you plan to fail.
  • There are many things that you can’t control that can have a major impact on your retirement including the stock market, interest rates, taxes, inflation, the cost of health care, and the national debt.
  • Statistically, we are living in the safest society in history but we feel more fearful which can lead us to focus on the things that we can’t control.
  • The first thing you can control that you should keep in mind is your ability to diversify your assets and manage your income. You should pull your money out of the right account at the right time and be flexible when you need to be. You need to focus on income, not the size of the pile of money.
  • The second thing is making sure your portfolio matches your risk tolerance. 90% of the new people Joel sees are taking more risk than they realize. The people that you are listening to should be practicing what they preach. The experience and wisdom of a financial professional can help you figure out the right path forward.
  • The third thing is control the fees and expenses you are paying on your investments. Nobody likes paying for something and not getting value out of it. According to Tony Robbins, if you can cut your fees by just 1%, you can make your money last up to 10 years longer. You have to be aware of what you are paying in fees.
  • The fourth thing is designing a portfolio that combats inflation. You can invest in assets that are inflation sensitive in a positive way and create a strategy that takes inflation into account and allows you to keep up.
  • The fifth thing that you can do to control your financial situation is creating a comprehensive financial plan that takes everything into account.
  • Bonus: The sixth thing you can control is taking advantage of the Money Map offer!

Links To Resources Mentioned

Money Map Retirement Review

1-800-757-0436

Thank you for listening!