Business
Is it luck or analytics that drives your financial decisions? Or is it a little of both? Let’s take a look at some planning topics and determine whether we’re playing chess (analytical), roulette (complete luck), or poker (both) with our money. Read more and get additional financial resources here: https://johnsonbrunetti.com/are-you-playing-financial-chess-roulette-or-poker/ What we discuss on this show: 1:54 – The difference between these three games. 2:54 – Timing the Market 4:03 – Deciding how much to convert from an IRA to a Roth IRA 6:35 – Picking a retirement date 7:11 – Choosing the right pension option 9:56 – Picking stocks 11:39 – Determining when to start your Social Security 15:21 – Mailbag Question: What’s a good way to invest money that we’ll likely use to buy a rental property in about three years? 17:24 – Mailbag Question: I’m trying to set an account so that I can rollover an old 401k. What’s the difference between these different companies I see commercials for? Who has the best investment options? 19:38 – Mailbag Question: Our house is a money-pit and we’re tired of repairing. We’re so fed up we want to sell and rent a place until we find something. Would it be silly to become renters again in our 60s?