Dec 31, 2021
Today we have two mailbag questions that we want to answer.
First, if your pension payout doesn’t change with inflation, how will this affect your planning. And the second is about the challenges you’ll encounter planning as a widow in retirement. We’ll explain how you’ll face a new tax bracket, one less Social Security check, and inflation pushing back.
Read more and get additional financial resources here: https://johnsonbrunetti.com/life-insurance-mistakes-you-need-to-avoid/
What we discuss in this episode:
0:21 – Getting to Know Joel: What’s the hardest job you’ve ever had? Joel worked at a warehouse overnight unloading trucks.
3:29 – Mailbag question: My pension doesn’t provide an inflation rate. Should I even consider taking the spousal continuation option?
5:14 – My husband is 11 years older than me so there’s a good chance I might end up being a widow for a significant amount of time in retirement. What type of planning challenges does this present for me?
6:50 – What does the Money Map review process look like?