Skip to main content
Created: August 9, 2019
Modified: November 15, 2022

What is The Money Map?

What You’ll Learn:
You’ve probably heard Joel Johnson reference The Money Map quite a bit on television or on this podcast, but what exactly is it? In this episode, we’ll go into some detail about the purpose of the book, what topics it covers, and some of the areas you’ll benefit. Plus, two listener questions get answered and four retirement myths get busted.

When it comes to retirement planning, creating a path that you understand will guide you through your life and prepare you for that next chapter. Developing that path alone can be overwhelming, and that’s where a resource like “The Money Map” can be a huge asset.

You’ve probably heard Joel Johnson reference his book on television and on the Money Wisdom podcast, but how much do you actually know about it? In this episode, we’ll spend some time sharing parts of the book and letting you in on what you can expect to learn. Joel highlights a few of the chapters that you’ll find and explains why they’ll help you make investing decisions.

The show also takes a couple listener questions about using pension income to generate additional money and concern about IRA losses as retirement approaches. Both questions create valuable conversation about how to determine how much income you’ll need in retirement.

Speaking of planning, there are some common beliefs we often hear from clients that aren’t completely true. In fact, they are myths that might lead you astray if you aren’t aware. We’ll identify and dispel four retirement myths from investment strategies to taking care of your spouse.

1:32 – What exactly will we find in “The Money Map”?

2:20 – Examples of the chapters you’ll find in the book.  

2:54 – Culture of greed, entitlement, and arrogance on Wall Street.

3:39 – How to use real estate in your investment portfolio.    

4:57 – Biggest mistake most people make in retirement.

6:37Listener Question: Do I need to invest some of my pension income to cover my lack of savings in retirement?

8:44Listener Question: Should my broker have more urgency about correcting my recent IRA losses since I’m 60-years-old?

10:53Retirement Myth #1: Don’t touch principal. Live off the interest.

12:08Retirement Myth #2: The more a financial plan weighs, the more valuable it is.         

13:25Retirement Myth #3: My life is simple, so all I need is a will and my affairs will be in order.

15:05Retirement Myth #4: After I’m gone, my spouse will be fine. I’m not worried about it.

Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.

Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.

Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.

Resources by Topic
Share

Related Resources

Most Asked Social Security Questions

It’s no question that Social Security plays a crucial role in retirement planning, helping to provide a stable income stream for millions of recipients. In this week’s Better Money Boston with WC…

Can I Get ‘Out’ of a Fixed-Rate Vehicle?

When you lock into a fixed-rate vehicle like a CD, fixed annuity, or fixed-indexed annuity, you’re committed to a specific interest rate for a set period. But what happens when after a few years, ra…

Podcast Episode 402: How Often Should You Meet with Your Financial Advisor?

A good relationship between a client and their financial advisor relies on clear communication and regular check-ins to ensure everything is on track. In this episode of the Money Wisdom podcast, Ja…

Think Like the Rich

As you enter retirement, your financial focus shifts from growing your wealth to preserving your assets and generating income. In this stage of life, adopting the mindset of the wealthy can go a lon…

Leaving a Lasting Legacy

Estate planning can be a difficult yet necessary conversation to have with your loved ones. Everything from the distribution of your assets to your wishes regarding end-of-life care is up for discus…

Are My Social Security Benefits Taxable?

If your total combined income exceeds certain thresholds, up to 85% of your Social Security benefits may be taxable. Understanding how Social Security is taxed can help you make informed decisions a…

Right Time for Social Security

Contrary to popular belief, waiting to claim Social Security until age 70 to get the maximum benefit is not the best decision for everyone. So, when is the right time? In this week’s Retire Wiser…

What is the Social Security Fairness Act?

You may have heard about the Social Security Fairness Act, which was signed into law on January 5, 2025. But what is it and who does it help? In this week’s Money Wisdom Question Series, Ian Ferg…

Finding Your Way on Taxes

Taxes can be confusing on any given day, but in retirement, they require even more attention and understanding. In fact, taxes are at the core of nine out of every ten conversations we have with the…

How Can I Transition My Business Value into Money I Can Use?

Today’s question is a crucial topic for many of our clients who are business owners or have significant assets tied up in a business: How can I convert the value of my business into income for my re…
    Back to top
    Our Locations
    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?
    Skip to content