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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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Jan 24, 2020

When it comes to evaluating products and items in the financial world, there’s a lot of good and bad available to investors. The challenge is trying to determine what works for you and what doesn’t. Let’s talk about a few of these things that might not be all they’re cracked up to be and then highlight a few that aren’t getting the credit they deserve.


Show notes and additional resources: 


Today's rundown: 

0:44 – A survey found that corporate CEOs and CFOs are pessimistic about the economy while consumers are optimistic. What does Joel think?

1:30 – Let’s talk about some things that are overrated starting with tax advantages. Why might this be overrated?

6:03 – Rates of Return: how can this be overrated?

7:43 – Commission-based investment accounts: overrated?

12:12 – Mailbag question: I’m 67 but I don’t have plans to retire any time soon. Should I go ahead and start Social Security now or wait until I’m done working?

15:02 – Let’s talk about financial products that are underrated starting with liquidity.  

16:17 – Why is predictability underrated?

17:37 – Simplicity: underrated?

19:04 – Mailbag question: My dad is in his 90s and his health is starting to decline. Would it be wise for him to start gifting money to me and my sister while he’s still alive? We’ve also talked about him signing over his house to us.

20:22 – Mailbag question: I’m a big believer in my company’s future so the majority of my 401k is invested in company stock. I understand I’m not diversified but isn’t that okay since I know the company so well?