Dec 20, 2019
With as many things in life that aren’t within our control, why wouldn’t we at least take care of the things that we can? Too many times we sabotage our own financial health by messing up the things that we can control so we’re going to help you identify those mistakes today and make sure your retirement stays on track.
Full Show Notes and Additional Resources: https://johnsonbrunetti.com/?p=4576
0:17 – Johnson Brunetti sponsors big holiday light event every year.
1:28 – In the News: A list of the 20 best places to retire abroad was published. Do any of Joel’s clients retire abroad?
4:14 – Financial self-sabotage is our main topic today and here’s how people do it.
4:42 – Obsessing about short term ups and downs in the market to their detriment.
7:25 – Starting Social Security at the wrong time.
8:59 – Pretending that the risk of a nursing home is too far in the future and something you don’t need to worry about right now.
10:04 – Assuming that just because you like your job right now, you’ll like it forever.
11:02 – Not identifying how you want to spend your retirement.
12:31 – Having a financial plan can help you avoid these missteps.
14:34 – Mailbag question: My grandfather always told me that the best investment you can make is dirt. Now I’m land rich and cash poor. A developer made an offer for $1.2 million for some of my property. What should I invest in next rather than more real estate?
17:06 – Mailbag question: I just started a new job and won’t be eligible for the company 401k until I’ve been here six months. Where should I be saving money in the meantime?
19:16 – Mailbag question: I own my own business and probably re-invest too much into the business instead of saving for retirement. How much should I be saving every year?