On this weekend’s segment of Better Money Boston, Joel Johnson, CFP® talks about staying on track with your financial planning.
Ask yourself if you are spending the same amount now that you expect to be spending in retirement. Having some type of a guideline or idea of what you want to do in retirement will help you set a budget for yourself.
Before you retire, you will want to get rid of your debt. This means no car loans, credit card debts, or financing a child’s education. The acceptable debt in this scenario would be a mortgage, which is a debt on an appreciating asset.
Inflation is an important factor to consider when planning for retirement. People are living longer than they used to; Expect to be in retirement close to 30 years and be able to give yourself raises to match inflation.
Not having a retirement plan is like walking through life blind. You will want to make sure your money lasts for as long as you live and that you have enough income to do the things you want and need to do.
Consider each possible scenario, including future health care costs and even potential long-term care.
“We always felt our financial needs were in very capable hands. Alex Angst is great to work with. Our advisor always made us feel he had our best interests at heart and explained things so we could understand them.”
“Working with Johnson Brunetti has had a positive impact on my life by providing me with the knowledge, confidence, and peace of mind to move forward with my retirement plans. The process of getting to this point, through their guidance, has been informative and pleasurable.”
“I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “
“Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”
“I have been pleased with the help and service I have received from the company. I have met several team members on Eric’s team and have found all of them very well prepared to meet with me when reviewing my portfolio. I always feel that I am an important customer and appreciate that very much. I hope the firm continues to focus on the customer and maintains its great service. I think you do a great job for someone like me!!!! I’m happy I chose your firm!”
Investment Advisory Services offered through JB Capital, LLC.
Insurance Products offered through JN Financial, LLC.
Atlanta • Boston • Hartford | Tel: 800-208-7233
JB Capital LLC is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.
JB Capital's Form ADV | Disclaimer | Privacy Notice | Client Relationship Summary
*Information about our Affiliation with the UConn Huskies
Johnson Brunetti is a sponsor of WFSB Better Money, WCVB Better Money Boston, WSB-TV Better Money Atlanta, WTNH Money Wisdom, and WTIC Money Wisdom.