Podcast Episode 259: Mailbag – Changing Jobs, Reinvesting in Business, & Market Recovery
Created: July 1, 2022
Modified: August 4, 2022

Podcast Episode 259: Mailbag – Changing Jobs, Reinvesting in Business, & Market Recovery

What You’ll Learn:
We’re opening up the mailbag today and tackling three questions from listeners. If you’re thinking about changing jobs later in your career, a small business owner, or just worried about the state of the market, then this show will hopefully touch on something you’ve been thinking about.

It’s time to tackle your financial questions on the podcast so let’s open up the mailbag and try to answer a few that came in recently.

The first one ties into a recent trend we’ve seen nationwide called ‘The Great Resignation.’ This person has had enough of their current job and want to find something new. It’s gotten so bad that they’re willing to live off savings in the interim. This exact scenario might not be commonplace but many Americans are reevaluating their career path.  

If you’re in this situation, here are some things to consider. If possible, test the waters while you’re still employed to get a better sense of how easy or difficult it might be to find a new job. It’s always best to have something else lined up before you leave your current position, but we understand that sometimes you reach the point where you’ve had enough. In that case, be prepared to adjust your plan if the job search lasts longer than expected because you might need to replenish any savings you tapped into.

Our next question comes from a business owner who wanted to know if he was better off investing his money back into the business rather than the stock market or other places because he believes in that more than anything else. We admire the conviction and it might be the best route to take, but there needs to be some discussion with your advisor.

This is a very difficult scenario because there’s value in both of these investments. Many times the business owner will accumulate cash outside of the company because it can be a cushion. Now it all depends on what the business is and what industry it’s in because that might help determine the answer.

But the biggest problem business owners run into with retirement is that they count on the asset to carry them without getting ever evaluating the true value of the company. That puts them in a predicament because they end up not having as much saved as they need and it could force them to adjust retirement plans.

Our final question is about the market and how long it will take to recover. When we hear someone ask that, the first thing we ask is, “Recover relative to what?” Are you hoping things return to where they were a few months ago or where they were 2-3 years? Those are two different discussions, but the bottomline is you need to make sure you’re properly invested in the market and not depending exclusively on those returns. You will never be able to time the market so having the proper risk in your portfolio will help you maintain the long-term perspective that comes along with planning.

Hopefully you learned something that might help you out with your own finances, but the you’ll always be in the best position by having a proper financial plan. Take advantage of our complimentary Money Map review process to ask any questions you might have and to start that planning process.

0:21 – Mailbag question on changing jobs

2:05 – Mailbag question on investing back into the business

3:38 – Mailbag question on market recovery

5:02 – Money Map Review

Schedule Free 15-Minute Call
We want you to have the opportunity to have any questions about money answered with no obligation.
  • 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.”

  • Robert G.
    Robert G. is a client of Johnson Brunetti and received no compensation for his statement.

    “We’ve been clients of Johnson-Brunetti for > 10 years. We’re enjoying a comfortable retirement as a result. Many thanks to Joel and our CFP, Eric Hogarth. I wish we had plugged into this decade approach back when we were in our 30s.”

  • 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!”

    Johnson Brunetti
    Welcome to Our New Website!
    Everything was designed with you in mind, making our retirement planning resources more easily accessible to you.
    Check out your new resource center, where everything can be organized by article type or topic
    Are you ready to speak with a financial advisor?
    Johnson Brunetti

    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.