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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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Sep 6, 2019

We spend most of our lives planning for the day we retire but tend to forget about that next stage of planning that ensures we get through retirement without worries. As you prepare for that big day, consider these common dos and don’ts so that you’ll be able to enjoy your retirement to the fullest. We’ll also talk about emotional decision-making mistakes and answer a few listener questions on this episode.

Check out the full show notes by clicking here.

Today's rundown:

0:41 – What’s coming up on the show.

2:00 – Question from Jack: I’m in my mid-50s and haven’t paid a lot of attention to the direction of my investments. Am I behind the curve?  

3:41 – Sometimes it isn’t a bad thing to save and leave your investments alone earlier in life.

4:47 – Question from Tony: What’s a reasonable rate of return for a conservative investment account.

6:03 – Question from Kim: I pay an annual fee to my financial advisor but we never communicate. I assume he’s paying attention to my accounts but how do I know?

7:12 – Investor behavior affects your accounts quite a bit.

7:37 – What types of emotions drive financial decisions?

8:43 – Mistakes we’ve seen people make because of emotional decisions.

11:17 – Dos and Don’ts to consider as you’re entering retirement.

11:36 – Don’t make any sudden decisions.

13:20 – Don’t just jump into investments that you don’t understand.

14:25 – Consider working with a professional to help you navigate retirement because the game changes quite a bit.

16:30 – Most importantly, have an actual plan in retirement.