Preview Mode Links will not work in preview mode
Listen to Money Wisdom with Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® and gain key financial insights to help you make informed decisions for your future. Jake and Nick aim to provide clarity and guidance, addressing your questions and shining a light on the real financial challenges facing today’s retirees.

Aug 9, 2019

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.

Check out the full show notes by clicking here.

Take a look at what you'll hear on this episode:

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.