The Two Groups Of People Planning Their Retirement
Created: July 8, 2017
Modified: April 4, 2022

The Two Groups Of People Planning Their Retirement

What You’ll Learn:
Joel talks about the two different groups of people and how they approach planning their retirement.

Main Questions Asked:

  • Let’s talk about getting your retirement into the fast lane.
  • How should we address inflation, taxes, and the cost of healthcare? What about our essential expenses? What is the importance of preparing a budget before retirement?
  • How do you plan for surprise expenses?
  • How should we maximize our social security benefits?

Key Lessons Learned:


  • It’s easy to procrastinate on putting on the finishing touches to your retirement plan, especially if you’re confident in your approach.
  • If you put a plan together 3-5 years ago, you have to keep checking to make sure your plan still makes sense.
  • Start planning right now.
  • Online planning retirement tools are not very effective, having a financial planner that specializes in retirement help review your plan will get you better results.
  • Inflation is essentially the loss of your purchasing power, higher taxes, and the potential of long-term health care costs that need to be accounted for in your retirement plan.
  • The missing piece in many retirement plans is how you’ll generate income in retirement, especially in an environment with low-interest rates.
  • You need to look at your social security as an asset. There is no right time for everyone to take their social security benefits.


  • For those who have a larger net worth, you may be able to rely on dividends from a stock portfolio.
  • For most people, you will need a blend of income from stocks and other sources.
  • Social Security and pension incomes may not cover all your expenses, buying bonds, annuities, or real estate may be the right option to cover the shortfall.
  • Prepare a budget before you enter retirement, save first and then spend the rest ie. Save 15% of your annual income and don’t worry about the rest.
  • If you have your needs taken care of in the future feel free to spend the rest.
  • Health care is the most common unexpected expense but there are plenty of others, create a contingency account that is meant specifically for unexpected expenses.
  • Good retirement planning includes withdrawing from the right accounts in the right order.

Links To Resources Mentioned

Money Map Retirement Review


Thank You For Listening

  • 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!”

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