Money Wisdom: Frequently Asked Questions in Today’s Market

Money Wisdom

NEW HAVEN, Conn. (WTNH) — CT Style Reporter Lisa Carberg, welcomes “Money Wisdom” sponsored by Johnson Brunetti.

We’re educating you about smart ways to manage your money. We hear so often that today the individual must be responsible for their own retirement. Joining us is Eric Hogarth, Certified Financial Planner and Johnson Brunetti Partner to answer some questions.

Hogarth answers frequently asked questions in today’s market:

  • Sandy asked, “I’ve heard many times to never borrow money from your 401(k). When I borrow money from my 401(k), I am paying myself back. Isn’t that better than borrowing money from a bank or credit card company and paying them interest? I’d like to hear why you think that is a better alternative.”
  • Cindy was wondering, “Do you have to invest a specified amount in an annuity?”
  • Mike has heard it is a good time to buy stocks now that the market is down. His question is,” My wife and I are retired and never bought any stocks before, is this is a good time to buy and how do we determine what to buy?”
  • Tim wanted to know what he should do with his 401K since he lost quite a bit of money. He asked, “Can I withdraw from my 401K without being taxed during the pandemic and is this a good idea?”

Today’s Offer: Money Map

To learn more Money Wisdom tips, click here.

Johnson Brunetti’s goal is to take the fear out of your financial future and give you confidence in what lies ahead.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

About Johnson Brunetti
Johnson Brunetti is an independent Retirement and Investment Specialty firm with neighborhood offices located throughout Connecticut and Massachusetts. Our firm was built based on the foundations of integrity, trustworthiness and creating a sense of confidence for our clients as they approach their retirement years.

Founded in 2003, the firm has grown to a staff of over 35. Joel Johnson, CFP® and our team of experienced professionals have helped and guided over 3,500 families through the retirement planning process.

We offer complete services to address all of our client’s financial priorities:

  • Retirement Planning
  • Estate Planning
  • Asset Management
  • 401K Guidance
  • Wealth Protection
  • Long-Term Care Insurance Options

                   
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.

Johnson Brunetti is a sponsor of WTNH Money Wisdom.

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