Dec 14, 2018
Research says retirement is one of the most stressful life
events people go through. Let’s address some sources of retirement
stress and how to cope with them.
What You'll Learn:
00:38 – Research Shows Retirement Is
- Our clients have all sorts of tax problems. Perhaps they've
failed to pay their taxes which, by the way, we don't recommend you
do. Other tax-related issues include the
taxation of qualified retirement accounts, the taxation of Social
Security, and the taxation of capital gains. All of these issues
require a tax strategy to alleviate the amount of taxes owed to the
2:08 - Understand Lifestyle Changes That Come With
- Once you retire, you’re no longer on the clock. Your schedule
is suddenly wide open, and if you’re not ready for that change, it
can certainly cause undue stress. You need to feel that vacuum in
your life with purposeful activities.
5:08 - Embrace The Opportunity To Face New
- Retirement comes with a set of new and unique challenges. While
they certainly can induce stress, they can be rewarding as well.
Whether it’s finding a way to spend more time with the grandkids or
getting in shape, embrace these new goals and go after them. Our
clients who find retirement to be the most fulfilling are the ones
who become more active and seek to accomplish their newfound
10:01 - Work Closely With A Good Financial
- Not to be self-serving here, but your retirement will become
less stressful with the help of a sound financial advisor. Money is
one of the biggest stressors, not only in retirement, but also in
marriage. Start planning for retirement at least five years before
you plan to make the jump, and work with an advisor to get yourself
in shape financially.
Other Bits And Pieces:
13:45 - Joel Speaks With A Group Of
- Joel partnered with an organization called American Dream U that helps veterans to transition
out of the military.
16:33 - Craig's Wife is about ten years
younger than he is. He wants to know whether he needs life
insurance to take care of her after he's gone.
18:16 - Jan has an old rental property she
hopes to sell, but she’s worried about the taxes she’ll incur. She
wants to know whether she should sell anyway.
19:58 - Josh considers himself a conservative
investor. He wants to know whether he actually needs to be taking
"I would be very cautious about switching from a conservative
investor to a more aggressive investor without going through a full
financial plan...You need a full financial plan that identifies
what type of return you need on your money to be okay in
retirement." - Joel Johnson
ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti
For further exploration of this topic and links to resources
mentioned, check out our blog here: https://johnsonbrunetti.com/stresses-retirement/