Mar 22, 2019
Declare your independence from Uncle Sam, your paycheck, and
market volatility. Discover how to live freely with peace of mind
What You'll Learn:
1:53 – A Fun Fact Of The Week.
- On Good Friday in the year 1930, the BBC reported, "There is no
news." Instead, they played piano music throughout the podcast.
Imagine that happening today!
3:06 - What Is Financial
- We want you to have financial independence in retirement. We
don't want you relying on others, and we especially don't relying
on the government to take care of you. Don't depend on the
government for nursing home care. Maximize Social Security, but
don't rely on it. Declare independence from Uncle Sam.
6:24 - You Must Be Emotionally
- Retirement is also a mindset, and you have to be emotionally
ready to retire. True independence from employment means you don't
HAVE to work. Get debt-free, and generate an income plan. Continue
working only because you want to work.
7:40 - Be Independent From The Stock
- No, we're not telling you to take your money out of the stock
market. Instead, we're telling you not to rely completely on the
stock market. If your income will dive in retirement as the market
falls, you need to adjust the amount of risk in your portfolio.
Don't be a victim to something you
cannot control. Achieve financial independence from Wall
11:40 - Should You Take Advantage Of Your Employer's
Offer To Buy Company Stock At A Discounted Price.
- Historically speaking, most of our clients who have done that
have done well. However, you don't want to rely solely on your
company stock doing well. Buy it as an added benefit to your
portfolio. Don't base your portfolio on your company stock.
13:45 - Your 401(k) Might Not Be The Best Place For Your
- Yes, it's a wonderful tool, and most of you should continue to
fund it. However, if your employer doesn't match your
contributions, you might need to consider investing elsewhere.
15:54 - If You're Worried About Tax Hikes, A 401(k)
Might Not Be For You.
- Taxes will most likely increase in the future, and 401(k)s are
tax-deferred. This means you'll have to pay taxes on your 401(k)
withdrawals when you retire. If you're worried about tax increases,
17:44 - If You Leave A Company, Take Your Wealth With
- Don't leave your 401(k) with your old employer when you retire
or move to another job. Consider a 401(k) rollover. Transfer your
wealth to an IRA, and give yourself more investing options.
"We want to be independent. We do not want to be over-reliant on
the stock market for our returns in such a way where we're victims
to something we cannot control." - Joel Johnson
ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti
For further exploration of this topic and additional resources,
check out our blog here: https://johnsonbrunetti.com/declare-your-financial-independence/