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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 26, 2019

You never know what major life events will impact your life, but you can prepare yourself in case that day ever comes. On this episode, we’ll discuss some of the biggest life changes you might face as a retiree or pre-retiree and explain how they can affect your retirement.


Show Notes and Additional Resources: 


On This Episode: 

0:32 – What do we mean when we say major life events?

2:06 – We can take the Chinese translation for crisis and apply it to our financial life.

2:35 – The story about the first crisis Joel remembers facing as a child and why it became an opportunity.

3:38 – Life event: The early retirement package. The buyout from work.

4:32 – A client recently went through this process and had to make some big decisions.  

7:57 – Life event: Sometimes you get forced out of a job before you are ready to retire. How do you handle this?

11:07 – Life event: Receiving an inheritance.  

13:38 – Listener question: I recently inherited an IRA from my mother and apparently I have to take some money out each year. Should I take a little each year or take it all at once and invest it elsewhere?

14:42 – Life event: Divorce. What are the financial decisions that have to be made?  

16:31 – Life event: The death of a spouse. What happens next financially?