Martin Johnson

RMA®, JD, MBA
Personal Finance, Retirement, Insurance
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“Martin will help secure your lifestyle through smart financial planning & retirement income management.”
Firm:

361 Financial Planning, Inc.

Job Title:

President and Senior Planner

Biography:

First off, Martin Johnson loves basketball, especially Golden State Warriors basketball. He loves great wine, music, and good conversations. Helping people with their finances is something Martin has enjoyed for over 20 years because of the impact it has on them and their legacies. His mission is to help those who value good advice and want to spend their time on what’s important to them other than money. Money management and financial planning can be outsourced, spending time with your family and doing the things you enjoy cannot. 

Martin has over 30 years in business and 20 years’ experience in financial services advisory. Being a graduate of the University of The Pacific, in Stockton, CA and California State University East Bay, Martin has deep roots in the Bay Area and Central Valley. Earning a law degree and being a tax practitioner has allowed him a unique perspective that most financial planners don’t have. That perspective has influenced his approach to financial planning to be more than comprehensive, hence the 361 in Martin's company name. 361 implies “greater than three hundred sixty degrees” or “something extra.”

Martin's previous experience includes the position of Financial Planner for Prudential Insurance; Regional Vice President for USAllianz Investor Services, LLC; Agency Owner, Allstate Insurance Co; and Financial Advisor for Morgan Stanley Wealth Management.

In addition to volunteering for various community and civic organizations over the years, Martin has served on School Site Councils and on a city Planning Commission. In September 2015, he began a three-year term on the East Bay Leadership Council of the American Red Cross. Currently, he is a member of the Professional Advisor Leadership Council of the East Bay Community Foundation.

With a wife of 20 years and two children, God has been good to Martin. His daughter attends Carleton College in Minnesota, and his son attends The Athenian School in Danville, CA.

Education:

JD, JFK University College of Law
MBA, California State University East Bay
BA, Communications, University of The Pacific

Fee Structure:

Fee-Only

CRD Number:

2496863

Insurance License:

#0B46254

Disclaimer:

361 Financial Planning, Inc. (“361”) is a Registered Investment Advisor (RIA), located in the state of California. 361 provides financial planning and investment advisory services primarily to residents of California and Texas.  361 will file and maintain all applicable licenses as required by the state securities boards.

This website is intended to provide general information about 361.  It is not intended to offer investment advice.

If you have any questions regarding this information, please contact us by telephone at (925) 289-9929 or by email at Info@361Planning.com

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    Debt, IRAs
Should I use an early IRA distribution to pay off my credit card balance?
50% of people found this answer helpful

No, it does not make sense. In addition to being hit with the 10% penalty, you'll increase your adjusted gross income by $10,000, and this has the potential of triggering other unintended tax consequences such as phaseouts of credits or reducing your itemized deductions. By withdrawing the $10,000 you will miss out on the growth of the market that we are experiencing right now.  Depending on your age, that $10,000 could possibly grow to tens of thousands of dollars before you retire. 

A better solution would be to implement a "debt snowball" or "debt acceleration" program to knock down the debt sooner than later.  You'll save interest and pay off the debt sooner compared to making the minimum payments.  The debt acceleration program will require you to pledge additional dollars on top of the minimum monthly payment, e.g. $50, $75, or $100, that you send in each month.  You'll also need to stop using the card because you'd be defeating the purpose of the program if you keep spending using the card. You can find example spreadsheets on the internet to help you set up the plan.  You do not need to pay for such a program. 

Depending on your credit, you may be able to find a credit card with a 0% APR for balance transfers.  If this is the case, you may find an offer that has no interest for the first year of the transfer.  In your case, a 0% year would save you $1600 in interest.  Now, isn't that better than paying $1000 in a penalty, and increasing your income?  Good luck. 

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How can I maintain my current retirement income?
60% of people found this answer helpful
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