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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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Dec 6, 2019

Are you prepared to handle those unforeseen circumstances when they arise in retirement? Dealing with unpredictability is something you need to be ready for so let’s talk about four areas that are difficult to forecast. We’ll also spend some time talking about the importance of managing unnecessary risk within your retirement plan.


Show Notes and Additional Resources: 


On This Episode: 

1:17 – Here’s what’s coming up on this show.

1:54 – Let’s talk unpredictably in retirement.

2:17 – We don’t know how long we’re going to live. How do you plan for it?

4:07 – Changes in interest rates aren’t predictable so how do we handle that?

6:40 – What about future tax rates? We can expect them to go up but when and how much?

7:15 – The most unpredictable is the stock market.

8:38 – Let’s turn the conversation to risks people take with their money. Why do so many people take unnecessary risks?

9:08 – People managing their own money often don’t know any better.  

10:04 – People working with an advisor take risks for two reasons.

12:02 – How do we reduce risk without reducing our opportunities to grow our money?

14:40 – So how can we know we’re taking the appropriate amount of risk?

16:04 – Listener Question: I’m retiring in a year and I’m having trouble sleeping every time the market is having a bad day. How do people live like this every day in retirement?