The new year brings us a fresh start so let’s take advantage by getting our financial life de-cluttered and re-organized. Much like the way you clean out your closets, we’re going to clean out your financial life and get everything in order for 2020 and we’ll tell you what steps to take to get that done on today’s show.

 

Show notes and additional resources: https://johnsonbrunetti.com/?p=4626 

 

Today's rundown: 

0:31 – An experience more than a year ago is the inspiration for this episode.

2:37 – Let’s declutter our financial lives. How might we use the analogy of cleaning out our closet?

3:51 – Where is the best place to begin?

4:50 – Four basic categories to get organized.

5:12 – Once you know what you own, find out how much you’re spending each month.

6:35 – Do your accounts match your goals?

7:37 – Some people have a seasonal closet when organizing. What’s the equivalent to that in finance?

9:26 – How can you ‘vacuum seal’ part of your finances?

11:48 – Listener question: We’ll be retiring in 3 years and we plan to save about $30,000 each year until then. What accounts should I be using for this money?

16:04 – Listener question: I don’t like my 401k investment options but my company says I’m not eligible to roll the money to an outside account. How does this work?

18:09 – Listener question: I feel like I need to reduce the risk in my portfolio but I don’t know where to turn. What should I do?