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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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  2. Mailbag: Pension, Inflation, and Planning as a Widow

Mailbag: Pension, Inflation, and Planning as a Widow

Dec 31, 2021

Today we have two mailbag questions that we want to answer. 

First, if your pension payout doesn’t change with inflation, how will this affect your planning. And the second is about the challenges you’ll encounter planning as a widow in retirement. We’ll explain how you’ll face a new tax bracket, one less Social Security check, and inflation pushing back.

 

Read more and get additional financial resources here: https://johnsonbrunetti.com/life-insurance-mistakes-you-need-to-avoid/ 

 

What we discuss in this episode: 

0:21 – Getting to Know Joel: What’s the hardest job you’ve ever had? Joel worked at a warehouse overnight unloading trucks.

3:29 – Mailbag question: My pension doesn’t provide an inflation rate. Should I even consider taking the spousal continuation option?

5:14 –  My husband is 11 years older than me so there’s a good chance I might end up being a widow for a significant amount of time in retirement. What type of planning challenges does this present for me?

6:50 – What does the Money Map review process look like?