Created: May 24, 2019
Modified: November 7, 2022

Overrated Or Underrated?

What You’ll Learn:
We live in an era of hot takes; that is to say, strong opinions. Without becoming too controversial, Joel shares his opinions on certain topics and explains whether they’re overrated or underrated concepts.

00:41 – Sell In May, And Go Away!

  • It’s an old saying meaning, “Don’t expect the market to do well the rest of the year, especially over the summer.”
  • Joel explains whether there’s any truth to this saying.
  • Remember, market timing doesn’t work. You need a long-term investing strategy.

2:40 – Variable Annuities; Overrated Or Underrated?

  • It depends on who you’re asking. Many people are pushed into buying variable annuities and end up being stuck with high fees and penalties.
  • Variable annuities are the ones you probably hear about the most, but there are other types of annuities that could be useful depending on your situation.

3:52 – Fireworks; Overrated Or Underrated?

  • We pause for a heartwarming story Joel shares about growing up watching fireworks at the park.

4:38 – Paying Off Your Mortgage Early; Overrated Or Underrated?

  • From an analytical standpoint, Joel shares why it’s probably overrated. Most people in retirement would be better off to have a mortgage with a low interest rate.
  • Retirement is more than numbers. Some people like the peace of mind that comes from knowing they’ll have no debt in retirement. This is important to consider as well.

6:23 – Roller Coasters; Overrated Or Underrated?

  • Most definitely underrated! Joel shares a story about his bout with the Colossus as a teenager.

7:00 – Sushi; Overrated Or Underrated?

  • We quickly learn of Joel’s personal distaste for raw fish.

7: 36 – Tax Refunds; Overrated Or Underrated?

  • Getting a tax refund just means you’ve loaned the government money throughout the year, and you haven’t earned any interest on it. Large tax refunds are most definitely overrated.

9:46 – Roth IRAs; Overrated Or Underrated?

  • Roth IRAs are underrated. Joel explains why that money is tax-free forever.
  • Roth IRAs allow you to pass wealth to your heirs, tax-free.

12:38 – Implications Of The Trade War

  • Joel explains the implications for the ongoing trade war with China.
  • We’re due for a market correction or recession. When the market stumbles, people like to blame various events and people. However, it’s really normal for Wall Street to cycle between bull and bear markets. That’s why we stress the importance of being financially independent from Wall Street.

16:02 – Mailbag – How To Use An Inheritance

  • Jacqueline is about to sell a farm she inherited. She wants to know whether to use the proceeds to pay off her mortgage or invest the money and use investment income to pay off the house instead.
  • Joel explains why Jacqueline needs to assess how she feels about debt, and why carrying mortgage debt isn’t necessarily a bad thing.

17:45 – Mailbag – Paying For College

  • Richard wants to know whether he should be doing anything other than investing in 529 plans to save for his kids for college education.
  • Joel explains how 529 plans work and why they’re a great tool for saving for college.

20:48 – Mailbag – A New Advisor

  • Lillian is considering a new advisor. She only wants to put half of her wealth with the new advisor because she thinks it’d be good to have multiple perspectives. She wants to know whether it’s a good idea.
  • Unfortunately, this is not a good idea. You wouldn’t play one doctor against another, and you shouldn’t risk complex and conflicting opinions from multiple advisors.
  • Sandy and Thomas C.
    Sandy & Thomas C. are clients of Johnson Brunetti and received no compensation for their statement.

    “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.”

  • Lisa D.
    Lisa D. is a client of Johnson Brunetti and received no compensation for her statement.

    “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.”

  • Ken D.
    Ken D. is a client of Johnson Brunetti and received no compensation for his statement.

    “I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “

  • Jeanne P.
    Jeanne P. is a client of Johnson Brunetti and received no compensation for her statement.

    “Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”

  • Anonymous
    This testimonial was provided by a client of Johnson Brunetti and received no compensation for their statement.

    “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!”

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