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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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Nov 13, 2020

Is it luck or analytics that drives your financial decisions? Or is it a little of both? Let’s take a look at some planning topics and determine whether we’re playing chess (analytical), roulette (complete luck), or poker (both) with our money.


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What we discuss on this show: 

1:54 – The difference between these three games.

2:54 – Timing the Market

4:03 – Deciding how much to convert from an IRA to a Roth IRA

6:35 – Picking a retirement date

7:11 – Choosing the right pension option

9:56 – Picking stocks

11:39 – Determining when to start your Social Security

15:21 – Mailbag Question: What’s a good way to invest money that we’ll likely use to buy a rental property in about three years?

17:24 – Mailbag Question: I’m trying to set an account so that I can rollover an old 401k. What’s the difference between these different companies I see commercials for? Who has the best investment options?

19:38 – Mailbag Question: Our house is a money-pit and we’re tired of repairing. We’re so fed up we want to sell and rent a place until we find something. Would it be silly to become renters again in our 60s?