Retirement Answer Man

We all have our own dreams for retirement and today, Mike and Judy share theirs. On this episode of Retirement Answer Man, you’ll hear Mike and Judy describe their ideal retirement, then in the Rock Life segment, Kevin Lyles will lay out the 4 pillars for a balanced life. As a bonus, you’ll hear Mark Ross interview me about my imperfect journey and the purchases we’ve made in Colorado. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT MIKE AND JUDY WANT IN RETIREMENT [2:42] Their values[7:27] Their base great life[15:56] Their wantsROCK LIFE WITH KEVIN LYLES [30:33] 4 pillars for a balanced retirementTODAY’S SMART SPRINT SEGMENT [41:35] Think about your ideal retirementMY COLORADO UPDATE WITH MARK ROSS [42:40] Where did the Colorado idea begin?[49:50] How did Roger get to this next step?[54:47] How they ended up with two lots in Colorado[58:14] What are the plans now[1:03:28] How he’s reflecting on what he’s learnedResources Mentioned In This Episode WDW podcastRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Would you like to have the confidence to know that it is all going to be okay so that you can walk away from your career? So would Judy!In this episode of Retirement Answer Man, you’ll meet Mike and Judy, an educator and an attorney. They are both facing burnout and ready to throw in the towel, but before they retire, they want to make sure they can swing it.Join us over the next 4 episodes, to learn more about Mike and Judy’s journey to retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN MEET MIKE AND JUDY [3:40] Why Judy wanted to join the show[6:42] A bit about Judy and Mike[10:28] What they want to accomplish[15:52] How she is helping with her dad[18:38] Mike and Judy’s ideal retirement date[24:21]Their overall objectiveROCK LIFE [28:16] What kind of sun protection do we really need?[29:07] The types of skin cancer and what to do about it[38:06] Who is at the most risk of skin cancer[42:04] Sun protectionTODAY’S SMART SPRINT SEGMENT [47:49] Complete the values worksheet from 6-Shot SaturdayResources Mentioned In This Episode Live Long and Well with Dr. Bobby Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you heard of IRMAA? IRMAA can be an unwelcome surprise if you aren’t expecting her. On this episode of Retirement Answer Man, you’ll hear what to expect from IRMAA and your Medicare costs. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:14] Recent feedback[6:57] What IRMAA surcharges areIN THE NEWS [14:55] Structured protection ETF[25:06] What the details showLISTENER QUESTIONS [30:23] Should we keep our life insurance policy?[34:42] Will the lack of a bachelor's degree hurt a retirement planning practice?[36:02] Where to get the materials for the Certified Retirement Counselor curriculumROCK LIFE [37:51] Cultivating a growth mindset through curiosity[40:58] How to cultivate curiosityTODAY’S SMART SPRINT SEGMENT [50:55] Practice asking a dumb questionResources Mentioned In This Episode International Foundation for Retirement EducationForm SSA-44Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

What is your risk tolerance? What does risk tolerance even mean? Why does it matter? We’ll explore these questions as I answer one of our listener’s questions on getting back into the stock market with a low risk tolerance. Listen in to learn why he may not need to follow the traditional way of doing things. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:00] How much risk to take in retirementIN THE NEWS [19:10] The AT&T data breach[23:03] What I’m going to do about it[26:00] How are password managers safer options for keeping passwords?LISTENER QUESTIONS [30:53] How does moving a 529 to a Roth IRA work?[33:32] How to know if Johnny should be looking for another financial plannerTODAY’S SMART SPRINT SEGMENT [37:35] Rethink your password protectionResources Mentioned In This Episode 1PasswordRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you thought about getting a mortgage for your home in retirement? If so, have you strategized how you would pay it off?In this episode, we explore Scott’s question about pursuing a mortgage and paying it off early. Listen in to learn some different strategies you could use if you plan to get a mortgage on your home in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:08] Should Scott get a mortgage to build his retirement home?LISTENER QUESTIONS [12:13] HSA fees can be more expensive than the interest[15:14] What should John think about when deciding on whether to get a mortgage?[19:12] On using reverse dollar cost averaging[22:07] Can we use Roth conversions to do RMDs?[25:29] Understanding investment advisory fees[29:28] Tom’s perspective on his retirementROCK LIFE [33:41] On cultivating a growth mindsetTODAY’S SMART SPRINT SEGMENT [35:00] Take your thought and do it in the momentResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Let’s get back to basics—addition and subtraction two ways to get to the same answer. However, we have a tendency to stick with addition. Today we’ll learn how subtraction can help you come out ahead.Why am I talking about elementary math on a retirement podcast? Listen in to find out. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:12] Is scarcity really a negative thing?[6:04] Stop trying to aim for precision[11:17] Stop making retirement planning your new job[14:03] Stop optimizing for returns[17:42] Stop thinking you have to retire to something rather than from something[21:25] Stop thinking you can wait[24:16] Stop thinking you need to resign yourself to what isLISTENER QUESTIONS [27:10] Turn off dividend reinvestment in your decumulation phase[30:00] A rucking comment[31:03] On Social Security survivor benefits[33:26] On inherited IRAsROCK LIFE WITH DR. BOBBY DUBOIS [35:15] Movement studies[45:05] Why does movement matter?[48:51] Why the Hadza’s sedentary lifestyle is different from ours[50:55] Why vitamin D is or isn’t helpfulTODAY’S SMART SPRINT SEGMENT [1:00:34] Find an opportunity to moveResources Mentioned In This Episode YouTube video - What You Should Know if You Inherited an IRAEpisode 532 - How To Manage Your Scarcity Brain With Michael EasterEpisode 530 - What Is True Retirement Planning? With Christine BenzRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you ever considered moving to a retirement community? With the freedom that retirement brings, many people begin to rethink their living arrangements. On this episode, you’ll hear how Brad and his wife decided to move to a retirement community. Listen in to hear how they approached their decision, the research they put in on where to retire, and how they enjoy their new locale. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN A MINI CASE STUDY [2:40] How Brad discovered The Villages[10:55] What led them to explore 55+ communities[13:10] How The Villages are organized[20:35] How to explore places to move in retirementLISTENER QUESTIONS [23:50] Should we consider getting I-bonds in 2024[29:50] Clarifying new catch-up rules in 2026[32:27] Charlie’s comment on systems thinking[36:18] Where to put taxes in your planning software[38:41] A suggestion for the podcastTODAY’S SMART SPRINT SEGMENT [40:06] Think about where you are going to live in retirementResources Mentioned In This Episode YouTube video - What You Should Know if You Inherited an IRA After January 1st, 2020I BondsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Does a withdrawal strategy in retirement have to be complicated or can you simply do a reverse of dollar cost averaging?In this episode, we’ll take a look at how reverse dollar-cost averaging would work by using an example and discover who it works for. Click play to learn if this withdrawal strategy would work for you. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH A LISTENER QUESTION [1:44] Is it okay to do a reverse dollar-cost average for withdrawals in retirement?IN THE NEWS [14:30] The rules have changed for Inherited IRAsLISTENER QUESTIONS [18:55] What should Vicky do with the proceeds from the sale of her home?[24:09] What to do with a 10-year inherited IRA[27:55] What is the best way to fund bucket #1 to prep for retirement?[35:10] A topic suggestionTODAY’S SMART SPRINT SEGMENT [36:11] Evaluate the resilience of your planResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

We would all love to have that magic number–the exact amount we need to retire. However, since there are so many unknowns it is impossible to attain an exact number. This is why the big question of retirement is a complex one. In this episode, I’ll walk a listener through the process of how she can learn how much she really needs to retire. Make sure to stick around to hear about the books I read in March. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [1:46] How much do I really need to retire?[20:30] A comment on the FIRE movement[22:09] How to change advisors[27:28] How to get into the decumulation state of mind[32:37] Feedback on the Michael Kitces interviewBOOKS I READ IN MARCH [34:00] Books I read this past monthTODAY’S SMART SPRINT SEGMENT [36:22] Revisit your feasible plan of record to see how resilient it isResources Mentioned In This Episode BOOK - Gulag Archipelago by Aleksandr SolzhenitsynBOOK - Tai Pan James ClavellBOOK - Soul of an Octopus by Sy Montgomery The State Of Retirement Planning With Michael KitcesWhat is the FIRE Movement?NewRetirement.comRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you been wondering what retirement is like for real retirees out in the wild? With the success of our Retirement Plan Live series, we decided to try mini-case studies to learn more about what retirees like you are doing to rock retirement. In this episode, you’ll hear some feedback from Sarah who asked a question on the show about a year and a half ago. Listen in to hear how she responded to the advice I gave. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN A MINI CASE STUDY [2:27] Sarah’s case [8:06] What you can do for you[10:01] A plan of record is the first stepLISTENER QUESTIONS [13:00] What should Lucas take into account as he prepares to pay off his mortgage[20:00] Investing in retirement with a pension[26:08] How Joe is incorporating the Die With Zero philosophy by giftingROCK LIFE WITH DR. BOBBY DUBOIS [28:24] What is rucking?[29:27] Why try rucking?[40:49] How do you get started rucking?[48:44] How to measure the benefits of ruckingTODAY’S SMART SPRINT SEGMENT [50:00] Go try rucking by walking with something on your back Resources Mentioned In This Episode Retirement Plan Live: Their Financial Resources - listen to Sarah’s question hereGo RuckBOOK - Die with Zero by Bill PerkinsBOOK - The Power of Moments by Chip HeathRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Michael Kitces is one of the innovators in the retirement planning and financial services space. His blog and ecosystem of resources help retirees and financial advisors gain the base knowledge needed to rock retirement.On this episode of Retirement Answer Man, Michael joins me to discuss the state of retirement planning, how it has changed, and how you can live your retirement to its fullest. Listen to this interview with one of the great minds in retirement planning. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH MICHAEL KITCES [5:20] Trends in retirement planning[22:40] How to avoid dying with too much money [36:51] How to choose a retirement planner[43:38] How does someone choose a retirement planning firmTODAY’S SMART SPRINT SEGMENT [49:04] Evaluate the quality of your process for making decisions in retirementResources Mentioned In This Episode BOOK - Die with Zero by Bill PerkinsBOOK - It’s Not Complicated by Rick NasonKitces.comRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you ever wondered why it is so hard for you to spend your money? Even now after all these years of saving you know you have enough, but it’s hard to let go and untie those purse strings.Today, my friend and renowned author, Michael Easter joins me to discuss overcoming frugality from a different perspective. Click play to hear about the evolutionary mismatch that hinders you from spending your money. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:38] Clarification on the 5-year Roth conversion rule[4:36] Simple IRA rules[6:50] The tax impact of waiting to take Social SecurityPRACTICAL PLANNING SEGMENT WITH MICHAEL EASTER [12:00] Why Michael pursued the concept of the comfort crisis[18:32] How discomfort becomes rewarding[20:20] How we can change our decisions in small ways[24:25] How to manage your scarcity brain in retirement[33:48] We often focus too much on the numbers[36:59] The scarcity loopTODAY’S SMART SPRINT SEGMENT [41:10] Take the stairsResources Mentioned In This Episode BOOK - The Comfort Crisis by Michael EasterBOOK - Scarcity Brain by Michael EasterStutzRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

For the past ten years, we have been exploring how to do retirement right so that you can get down to the business of living a great life. This is why this month we have had a series of special guests. Today’s guest is behavioral investment expert and author Dan Crosby. Together we explore why it is so hard to overcome your money mindset and how you can learn to let go to enjoy the money you have worked so long and hard to save. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH DAN CROSBY [3:38] Overcoming frugality[10:56] How to gain confidence in the midst of uncertainty[19:19] What are things you can do to overcome your frugalityLISTENER QUESTIONS [26:52] How do people in retirement spend less money than more money?[33:44] Does it make sense to use money allocated for a 401K for a second home?[37:33] A comment on this past Retirement Plan Live[39:20] How to fund my HSA in retirement [42:13] How to look for blind spots once you have your feasible plan of recordTODAY’S SMART SPRINT SEGMENT [47:16] Is there something else important that you could add to your life or retirementResources Mentioned In This Episode BOOK - The Soul of Wealth by Dan CrosbyBOOK - The Top 5 Regrets of the Dying by Bronnie WareBOOK - Die with Nothing by Bill PerkinsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Retirement planning has changed over the years, but has the industry evolved to keep up? Your retirement needs are much different from those of your parents' generation. This is why it is important to focus on retirement planning in a holistic way rather than from solely a financial perspective. Morningstar’s Christine Benz joins me today on this episode of Retirement Answer Man. This seasoned retirement journalist shares her thoughts on the state of retirement planning, long-term care, investing in retirement, and what encompasses true retirement planning.Listen in to gain more perspective as you navigate your retirement journey. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH CHRISTINE BENZ [4:55] The state of retirement planning as a process[18:30] The state of investments for retirement planning[22:16] The state of long-term care[25:26] How to begin to plan for retirement decumulationLISTENER QUESTIONS [30:45] About opening a Roth for a child[32:51] How to create a 5-year income floor with financial capital[37:11] On using bonds to fund the 5-year income floor[41:44] Should you keep investment accounts under the FDIC and SIPC limits?[46:30] Should I have a Simple IRA and Solo 401K?TODAY’S SMART SPRINT SEGMENT [50:00] Understand what this year’s retirement contribution levels areResources Mentioned In This Episode BOOK - More than Enough by Mike PiperBOOK - Die with Zero by Bill PerkinsMorningstar Christine BenzThe Longview PodcastRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This month we celebrate the Retirement Answer Man’s 10th anniversary milestone with several guests throughout the month. Today we welcome Professor Rick Nason, author of It’s Not Complicated, to discuss complicated vs complex thinking. If that discussion didn’t Stick around for the listener questions with Tanya Nichols and Bring It On with Dr. Bobby Dubois OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN COMPLICATED VS COMPLEX THINKING WITH PROFESSOR RICK NASON [4:20] Defining simple, complicated, and complex[9:11] Why it is important to identify whether you’re dealing with complicated vs complex[18:10] How to approach complex problems[29:30] How AI plays into the discussion of complex vs complicated thinkingLISTENER QUESTIONS [38:50] On portfolio performance calculations[46:18] How to decide whether to stay with an advisor or move to another firm?[51:38] How to take your RMD[57:02] On the Dying with Zero book[57:31] On Don QuixoteBOOKS I READ THIS MONTH [58:56] The books I read this monthBRING IT ON WITH DR. BOBBY DUBOIS [1:04:02] Exploring uncertainty[1:09:53] Uncertainty in retirement[1:22:14] How to test anxiety treatmentsTODAY’S SMART SPRINT SEGMENT [1:25:27] Please fill out our listener surveyResources Mentioned In This Episode Align FinancialThe Fog of WarTrillion Dollar BetBOOK - Horse by Geraldine BrooksBOOK - Lessons in Chemistry by Bonnie GarmusBOOK - Life of Pi by Yann MartelBOOK - Die with Zero by Bill PerkinsBOOK - When Genius Failed by Roger LowensteinBOOK - It’s Not Complicated by Rick NasonBOOK - The Comfort Crisis by Michael EasterBOOK - The Scarcity Brain by Michael Easter BOOK - From Strength to Strength by Arthur Brooks Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Those who have FIREd like Keven Sebesta are choosing to rock life each day. In this final episode on the FIRE movement, we’ll explore what we can learn from them. Join Kevin and me to discover how you can do what FIRE is doing right. What can you learn from FIRE? Traditional retirement planning is all about achieving the end goal. Climbing the mountain and reaching the summit. However, FIRE embraces life today. Those in the FIRE movement see life as an endless journey to explore. Don’t wait to explore your passions and interests. Do them now. If that isn’t possible, examine how your life is structured and begin to build a life filled with intentionality. Build connections and community based on your interests. Listen in to learn how you can create a rich life now without waiting until retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:55] When I retire I will…[5:10] Lessons to learn from FIRE movement[13:43] What financial lessons to learn from FIREd people[16:23] Planning from the inside outLISTENER QUESTIONS [22:18] What is the payoff/penalty of using my IRA to do a Roth conversion?[30:25] Moving money from an IRA to an HSA[34:07] On refilling the pie cake [38:47] Make sure you have enough taxes withheld when doing Roth conversions[41:39] Can Gail open a Roth for her granddaughter?TODAY’S SMART SPRINT SEGMENT [43:33] Write down one thing that you know well and question it with a mindset of curiosityResources Mentioned In This Episode Arthur BrooksCal NewportDesigning Your Dream Life with Arthur BrooksMark’s Money MindRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Over these past few weeks, we have been discussing the FIRE movement with Kevin Sebesta, a coach in the RRC who achieved FIRE some time ago and has been rocking retirement ever since. This week Kevin helps me explore the challenges that retiring early can bring. Listen in to hear if these are similar to the issues you face in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [4:58] The challenges of leaving traditional work early[10:55] Healthcare is one of the challenges[17:28] The non-financial challenges of FIRELISTENER QUESTIONS WITH ANDY PANKO [27:44] Which Social Security benefit should we take?[31:28] Relating to working with a bad financial advisor[36:47] What to do with an overfunded whole life insurance policy[43:07] How are IRMAA surcharges calculated?TODAY’S SMART SPRINT SEGMENT [47:55] When you’re in a disagreement with someone, step out and reset yourself to gain perspectiveResources Mentioned In This Episode Retirement Planning Education podcastRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Now that we know what FIRE is, let’s learn the benefits. In this episode of Retirement Answer Man, Kevin Sebesta joins me to discuss the benefits of FIRE. Afterward, Mark Ross comes aboard to noodle on why creativity is important in retirement. And finally, Taylor Schulte from the Stay Wealthy podcast helps me answer some listener questions. Don’t miss out on this informative episode! OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:41] Life as a journey[3:00] Benefits of retiring earlyBRING IT ON WITH MARK ROSS [19:09] Why is creativity important?LISTENER QUESTIONS WITH TAYLOR SCHULTE [25:52] About the Retirement Podcast Network[28:43] How to choose between investing in a Roth 401K and a traditional investment account[33:55] Timing a reallocation of assets[39:45] A good, detailed, free retirement calculator[44:55] Why Rosie didn’t hire another financial plannerTODAY’S SMART SPRINT SEGMENT [50:28] Define whether your decisions are hats, haircuts, or tattoosResources Mentioned In This Episode New Retirement CalculatorThe Retirement Podcast NetworkStay Wealthy PodcastDefine FinancialBOOK - Coaching Beyond Words by Anna SheatherBOOK - How to Think Like Leonardo DaVinci by Michael GelbBOOK - Atomic Habits by James ClearPODCAST - Choose FIPODCAST - Catching Up to FIBOOK - The 100-Year Life by Andrew Scott and Lynda GrattonBOOK - The Second Mountain by David Brooks Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you heard of the FIRE movement? It’s become increasingly popular in the past few years. Even if you are technically too old to retire early, there is something we can all learn from FIRE seekers. In this episode, Kevin Sebesta, a real live FIREer joins me to discuss what FIRE is, how he achieved it, and what people who retire early do with their time. Make sure to stick around for the Bring It On segment with Dr. Bobby Dubois to learn whether supplements are worth the time and money we spend on them. Dr. Bobby helps us develop a framework for deciding whether supplements are right for us. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT I READ IN JANUARY [2:02] Books I read last monthPRACTICAL PLANNING SEGMENT [5:55] Meet Kevin[9:56] Defining FIRE[15:24] Who enjoys FIRE [21:23] Why FIRE has caught onBRING IT ON WITH DR. BOBBY DUBOIS [26:12] Why are supplements important?[30:54] How should we go about exploring supplements?[39:44] What do the studies show?[44:18] What about multivitamin supplements?[48:20] What supplements does Dr. Bobby support?[52:10] The takeawaysTODAY’S SMART SPRINT SEGMENT [53:58] Read a book!Resources Mentioned In This Episode BOOK - Scarcity Brain by Michael EasterBOOK - Moby Dick by Herman MelvilleBOOK - The Eye of the World by Robert JordanRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their late in life marriage.Kay gives us some insight on how to manage finances in a financially unbalanced relationship. You’ll appreciate her perspective on how to manage the household cash flow when you haven’t always been married.Make sure to stick around to hear an update from Sam, our single Retirement Plan Live case study from 2018. She’ll let us know how she’s been doing, what has surprised her about retirement, and whether her retirement plan has changed. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [6:40] A comment about this RPL[8:12] How to discuss uncomfortable topics with your partner[13:56] Some examples of how separate assets can work[19:03] Chatting with Kay about her relationship and prenup[25:14] How they managed cash flow after they married[31:40] How they navigated the financial challenges in their marriageCATCHING UP WITH SAM FROM THE 2018 RETIREMENT PLAN LIVE [34:18] What Sam has been up to since we last chatted[38:01] How she has dealt with the ups and downs of the markets[42:26] Does her retirement plan look the same?[44:41] What has surprised her about retirementTODAY’S SMART SPRINT SEGMENT [50:24] Think about how you will manage your cash flow in retirementResources Mentioned In This Episode 2018 Retirement Plan Live with Sam 219, 220, 221, 222, 223Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

We’re back with Retirement Plan Live to explore how two adults who married later in life can share their resources as they age.Last week we looked at their goals both individually and together and today we’ll do the same with their resources. Listen in to hear the different ways that older adults who come together later in life can pool their resources so they can rock retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [2:55] Let’s look at their resources[8:56] How can they use these resources together and separately[14:22] What to expect next weekBRING IT ON WITH MARK ROSS [15:30] How to have a positive attitude while you age[18:02] Developing a purposeful path to aging[20:03] 3 things to considerTODAY’S SMART SPRINT SEGMENT [22:06] Organize and refresh your financial resourcesResources Mentioned In This Episode BOOK - Who Do You Want to Be When You Grow Old? by Richard Leider and David ShapiroBOOK - The Comfort Crisis by Michael EasterRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Do you like lemonade? If so, you won’t want to miss out on the lemonade I make on today’s episode. We’re discussing goals on this episode of the Retirement Plan Live series and we get to catch up with Lori from the 2017 Retirement Plan Live. Find out what she is up to and how to work through shared and separate goals in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [3:42] Mark and Mary’s differences developed into a big conversation[9:00] Mark’s values[10:12] Mary’s values[14:01] Inferring their goals[16:03] When they will retireCATCHING UP WITH LORI FROM THE 2017 RETIREMENT PLAN LIVE [22:48] What Lori and Bruce are up to today[27:18] Has their retirement plan changed?[33:01] Their plans for the future[35:15] Her advice for new retireesTODAY’S SMART SPRINT SEGMENT [38:12] Revisit your goals for retirementResources Mentioned In This Episode RetireAgile.comLiveWithRoger.com2017 Retirement Plan Live with Lori and Bruce 193, 194, 195, 196Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you’re married, do you have retirement planning meetings? If you’re single do you plan a time to meet with yourself to plan your retirement? What or whom do you use as a sounding board?In this Retirement Plan Live, we’re getting to know Mark and Mary–two lovely people who have found each other later in life. This mature newlywed couple is trying to iron out the details of their finances. Sit back and enjoy this episode where we meet Mary and learn about her story and the financial challenges she and Mark are facing in their new marriage. As you listen to Mark and Mary’s story maybe you can use it to frame your own retirement planning conversation. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN A BIT OF HOUSEKEEPING [1:50] What is the retirement podcast network?[3:43] Books I read in December[7:00] A correction on a recent question[7:45] Some listener wisdom on what Rojo should do to retire at 60[13:43] Sign up for the results webinar!MEET MARY [14:38] What motivated her to volunteer for RPL?[19:03] Advice for anyone navigating the online dating world[20:15] How they ended up together[23:31] Mary’s aspirations for their relationshipBRING IT ON WITH KEVIN LYLES [37:10] The phenomenon of unretirement[43:44] What to do if you are considering unretirement[45:49] A Social Security tip if you do unretireTODAY’S SMART SPRINT SEGMENT [46:28] Have your retirement planning meeting for the yearResources Mentioned In This Episode BOOK - One Flew Over the Cuckoo’s Nest by Ken KeseyBOOK - Name of the Wind by Patrick RothfussBOOK - The Wise Man’s Fear by Patrick RothfussRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Today you’ll meet Mark–half of our newest case study for Retirement Plan Live. Mark and Mary are a year and a half into their new marriage and are trying to figure out how to plan the rest of their lives. On this episode, you’ll learn about Mark and his aspirations and concerns for their life together. In the next episode, you’ll meet Mary, in week three we’ll discuss their goals, the following week we’ll look at their resources, and finally, we’ll see how they manage their cash flow and learn who pays for what. Make sure that you’re signed up for the live webinar on February 1 at 7 pm CST. In this webinar, you’ll get to see how everything panned out for Mark and Mary. To sign up, head on over to LiveWithRoger.com and mark it on your calendar. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN MEETING MARK [3:30] What motivated Mark to volunteer for this case study[9:15] Mark loves spreadsheets[15:26] How they merged their livesBRING IT ON WITH DR. BOBBY DUBOIS [22:54] Should you do a broad spectrum of tests?[24:10] Why you should or shouldn’t do these tests[38:10] Why I did some screenings[46:51] How to do screenings productivelyTODAY’S SMART SPRINT SEGMENT [50:24] Organize the tests you’ve had from your doctorResources Mentioned In This Episode Function HealthBOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

One of our listeners actually has a better mortgage rate than me! However, as they begin to test their retirement budget they have found that the mortgage payment leaves that budget a bit tight. So they are wondering if they should pay off their mortgage early by withdrawing from their IRA. What would you do?Listen in to hear my response in addition to several other listener questions. We’ll also catch up with Rosie from the last Retirement Plan Live. Press play to learn if she implemented any of the things we discussed and how her retirement has been over the past year. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:30] Should we pay off our mortgage with our IRA?[11:27] An inherited IRA question[17:55] The order of withdrawals in retirement[25:24] The benefits of a continuing care retirement communityCATCHING UP WITH ROSIE FROM THE 2023 RETIREMENT PLAN LIVE [27:34] How Rosie’s confidence level is now[29:00] How she implemented some financial changes this year[43:28] Her intentions for her new plannerTODAY’S SMART SPRINT SEGMENT [51:27] Refresh your vision, your feasible plan of record, and your resilient plan of recordResources Mentioned In This Episode Retirement Plan Live with Rosie - 468, 469, 470, 471Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

It seems like no matter how much we save we always have that nagging worry about whether it is truly enough. One of our listeners is looking for ways to reduce the chances of running out of money in retirement. My response to his question may surprise you. Listen in to hear what I have to say about improving his retirement trajectory. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:21] What can I do to ensure not run out of money in retirement[8:43] A rental property question[11:52] On Roths being separated in Fidelity[13:30] Can you roll over an old 401K into your current planCATCHING UP WITH JOELLE FROM THE 2022 RETIREMENT PLAN LIVE [17:05] Joelle has formed a social network in her new town[19:23] How her finances have fared over the past 2 years[24:44] How a 5-year cash cushion has given her peace of mind[30:56] How Joelle has learned to let go of having one right way to do thingsTODAY’S SMART SPRINT SEGMENT [32:38] Enjoy your familyResources Mentioned In This Episode Retirement Plan Live with Joelle - Relocation For Retirement 416, 417, 418, 419Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you ever wondered how the subjects from our Retirement Plan Live series are doing now? Did everything turn out okay for them? Find out how Emma (from 2019 RPL) is doing on this episode of Retirement Answer Man.In the listener questions segment you’ll learn about the Rule of 55, donor-advised funds, and contributing to a teen’s Roth IRA. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:01] Can you directly contribute from an IRA or 401K to a donor-advised fund?[9:37] A rule of 55 clarification[11:41] Can I roll over the portion I don’t want under the rule of 55 provision?[15:19] Contributing to a teen’s Roth IRA[17:09] How to navigate financial planning for a special needs adult childCATCHING UP WITH EMMA FROM THE 2019 RETIREMENT PLAN LIVE [18:33] Having a great retirement after widowhood takes work[24:44] On finding her tribe[31:27] What’s next for Emma[32:48] Advice for othersTODAY’S SMART SPRINT SEGMENT [36:10] Embrace the boringResources Mentioned In This Episode Retirement Plan Live with Emma episodes 289, 290, 291, 292Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

The way does not exist–there is no one correct way to do things. We are all finding our own ways in life and retirement. Working with an agile structure will help give you the scaffolding to create a retirement plan in an organized way.On this episode, you’ll hear how drafting your agile retirement plan can help you discover your unique way to rock retirement. Continue listening to discover the books I read in November, the answers to several listener questions, and the way to create an exercise plan to boost your energy. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ IN NOVEMBER [2:40] The books I read in NovemberLISTENER QUESTIONS [9:37] Books I have recommended in the past[12:25] A refilling tax buckets comment[16:50] Can you make a full HSA contribution for 2024?[19:35] A question on car loans[25:06] How do you know if your retirement plan is resilient[28:52] A book recommendationBRING IT ON WITH DR. BOBBY DUBOIS [30:39] How to show up with energy with exercise[35:43] How to set up an exercise program[39:13] Where to start[42:14] Convert your stationary life to a life of movement[50:16] How to fuel yourself for a workout[53:18] How to build a sustainable exercise programTODAY’S SMART SPRINT SEGMENT [57:00] Assess your process and strategy for retirementResources Mentioned In This Episode Episode 434 - Functional Health To Rock Retirement - Creating The Right Exercise PlanDoRetirementRight.comEpisodes with lists of books I’ve recommended - 138, 206, 287, 464The Retirement Answer Man GoodReads Book ClubBOOK - Die with Zero by Bill PerkinsBOOK - Be Useful by Arnold SchwarzeneggerBOOK - Total Recall by Arnold SchwarzeneggerBOOK - Only the Dead by Jack CarrBOOK - I’m Proud of You by Tim MadiganBOOK - The Road to Character by David BrooksRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Have you been wondering what you’re supposed to do when it comes to refilling your retirement income buckets? So has Michael. In this episode, I’ll go into further detail about how to do that.Stay tuned for the answer to Michael’s question and many others as well as a chat with Kevin Lyles on how to ease into retirement in the Bring It On segment. Press play to get started. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:38] How to reinvest retirement income floor[15:21] Contribute to grandchild’s Roth accounts to teach compounding[16:58] How is a non-deductible IRA contribution withdrawal handled?[19:51] The pros and cons of Everplans[24:26] On organizing booksBRING IT ON [25:45] How to ease into retirementTODAY’S SMART SPRINT SEGMENT [33:45] Check your liquidityResources Mentioned In This Episode BOOK - The Road to Character by David BrooksBOOK - The Second Mountain by David Brooks Everplans.comEpisode 473 - How Is Deferred Compensation Taxed When I Receive It?Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

What would you do if your retirement planner said no when you asked them for a report? I’ll address this question and many more on this episode of the Retirement Answer Man Show.We’ll also discuss the two things you need to find happiness. Are you curious as to what they are? Listen in to find out. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:13] Adding to my partial answer to a question in episode 512[5:33] What to do when my advisor told me no to a report[11:05] On switching plans in Medicare’s open enrollment[14:41] What training someone should pursue to improve their financial education[18:10] The issues that come with trying to die with zero[21:03] Rules when you return to work[23:22] On securing long-term care insurance[25:51] Are the rules different for 457B accounts?BRING IT ON [29:57] Building protocols to improve your agencyTODAY’S SMART SPRINT SEGMENT [34:00] Write 5 things you are grateful for and 5 things you can do to build agencyResources Mentioned In This Episode Huberman Lab PodcastLTCI PartnersEpisode #281 - Is An Annuity Right For Retirement? The Role An Annuity Can Play In Your PortfolioBOOK - Die with Zero by Bill PerkinsEpisode #345 - How Does Medicare Work? Making Your Medicare Decision with Danielle RobertsBoomer BenefitsEpisode 512 - How Should I Pay Taxes On My Roth Conversions?Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you have different retirement accounts at various brokerage firms, you may wonder whether you should consolidate them. One listener asked me that very question today. I’ll answer it along with several others–don’t miss the one about my finance book recommendations. Are you curious about how you can improve your relationship in retirement? Then, make sure to listen to Mark Ross’s suggestions in the Bring It On segment. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [5:51] Should Greg and his wife consolidate their accounts?[11:39] Using the Obsidian note-taking app[13:42] Larry’s question on RMDs and down markets[16:34] My recommendation on reading material for Sandy on money management[19:41] What is a LIRP?BRING IT ON WITH MARK ROSS [22:12] The relationship pillar requires communication[25:16] Have a retirement plan of recordTODAY’S SMART SPRINT SEGMENT [30:07] Review these end-of-year housekeeping tipsResources Mentioned In This Episode BOOK - The Behavioral Investor by Daniel CrosbyBOOK - 48 Days to the Work You Love by Dan MillerBOOK - Don’t Retire, Rewire by Jeri SedlarBOOK - Younger Next Year by Chris CrowleyBOOK - Stacked by Joe Saul-SehyBOOK - A Simple Plan to Wealth by J.L. CollinsBOOK - Winning the Loser’s Game by Charles EllisBOOk - The Retirement Income Guidebook by Wade Pfau The Retirement Answer Man GoodReads groupNotionObsidian note-taking appRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

“You do not rise to the level of your goals; you fall to the level of your systems.” James ClearI’ve been focusing on building up my systems lately and today I’ll provide you with an example of what that looks like for me. In addition, in this episode, you’ll hear several questions on how to optimize your tax burden. Then in the Bring It On segment, Kevin Lyles joins me to discuss the role of leisure in retirement.Join me today to take a baby step to improve your life in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:19] Building systems LISTENER QUESTIONS [6:31] How to pay taxes for Roth Conversions[14:44] On new rules for catch-up contributions[17:07] Can Larry contribute to his wife’s HSA?[19:26] The details on the taxes on selling a houseBRING IT ON [22:46] The role of leisure in retirement[25:06] The 6 categories of leisureTODAY’S SMART SPRINT SEGMENT [31:16] Look at your after-tax accounts and tally your realized capital gainsResources Mentioned In This Episode BOOK - Atomic Habits by James ClearSign up for the 6-Shot Saturday newsletter!Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Bonds are a ubiquitous part of a balanced portfolio and in recent years bond funds have become even more attractive to many investors. However, due to rising interest rates, bond funds are now losing their appeal. One listener asks whether she should call it quits on her investment in bond funds. In this episode of Retirement Answer Man, Nichole and I will explore this and other questions from listeners like you. Stick around to hear my conversation with Dr. Bobby Dubois about energy and our relationship with caffeine. Find out once and for all whether caffeine is as bad for you as they say. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT I READ IN OCTOBER [1:30] Books I read in OctoberLISTENER QUESTIONS [5:01] Will it be a long way to get back to even on bond funds?[10:03] About the recommended withdrawal rate in retirement[12:12] How to figure out the net worth of a pension[14:41] A question about transferring IRA funds to HSA[16:23] Feedback on wisdom for our children[17:14] How far back should a newer listener go in the podcasts?[21:09] A comment on my YouTube video with Joe Saul-SehyBRING IT ON WITH DR. BOBBY DUBOIS [22:20] 85% of people have caffeinated beverages each day[28:22] How much caffeine should you have each day[30:12] What happens to your brain on caffeine[39:37] What to do with this informationTODAY’S SMART SPRINT SEGMENT [44:18] Join the Retirement Answer Man Goodreads group!Resources Mentioned In This Episode Join the Retirement Answer Man group on GoodreadsBOOK - The Count of Monte Cristo by Alexandre DumasBOOK - The Armor of Light by Ken FollettBOOK - Stillness is the Key by Ryan HolidayRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic.On this episode, we wrap up our Wisdom for Our Children series by exploring your advice for spending, saving, and investing. We have tons of valuable guidance for the young people in our lives. Be sure to listen to hear all the suggestions. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WISDOM FOR OUR CHILDREN [3:38] Learn to invest in yourself[9:02] How to create wealth[12:52] Some audio adviceAN INTERVIEW WITH MARK TRAUTMAN [21:24] Understanding compound interest[31:10] The best place for a young person to save[40:29] How to invest your long-term investmentsTODAY’S SMART SPRINT SEGMENT [48:44] Get a book for a young person in your lifeResources Mentioned In This Episode BOOK - The Daily Stoic by Ryan HolidayBOOK - Areté by Brian JohnsonBOOK - The Simple Path to Wealth by JL CollinsBOOK - Stacked by Joel Saul SehyBOOK - Profit First by Mike MichalowiczBOOK - The Scarcity Brain by Michael EasterRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Your family and friends are the people you walk life with, so it is important to choose wisely. In this episode of our Wisdom for Our Children series, Nichole joins me to reflect on what the younger generation should keep in mind when forming these valuable relationships.Press play to hear what it takes to build meaningful relationships. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:17] What you do speaks so loudly I cannot hear what you have to say[8:15] How to love someone[16:55] Have high standards [18:52] Create boundaries with family [20:30] Comments from listenersTODAY’S SMART SPRINT SEGMENT [26:58] Check in on someoneResources Mentioned In This Episode BOOK - The 5 Love Languages by Gary ChapmanBOOK Series - The Crucial series by Kerry Patterson and Joseph GrennyBOOK - Boundaries by Henry CloudBOOK - Necessary Endings by Dr. Henry CloudBOOK - Love Does by Bob GoffBOOK - The Power of Moments by Chip and Dan HeathBOOK - The 4 Agreements by Miguel RuizBOOK - The Courage to Be Disliked by Ichiro KishimiBOOK - QBQ by John MillerBOOK - 4000 Weeks by Oliver BurkemanRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This month, as we meander through the different parts of life we are stopping to reflect on certain areas to pass on wisdom to our children. In this episode of the Retirement Answer Man Nichole Mills joins me to discuss career and retirement. Do you have a young person in your life who you would like to pass on some juicy nuggets of wisdom? If so, make sure you are signed up for the 6-Shot Saturday newsletter. At the end of this series, we’ll be sending out a carefully cultivated PDF full of sagacity that you can pass on. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:27] Can you transfer appreciated assets in kind to a charitable giving trust? [9:45] How CDs work and when to use them[13:43] How to manage finances when marrying late in life[18:23] When are HSAs not worth the triple tax advantage?WISDOM FOR OUR CHILDREN WITH NICHOLE MILLS [27:19] Think in 5-year increments[29:26] Build career capital[32:00] Cultivate an authentic network[35:27] Wisdom on retirement[39:43] Play by your own rules[40:21] Advice from our listenersTODAY’S SMART SPRINT SEGMENT [48:10] Cultivate your artistic natureResources Mentioned In This Episode BOOK - Designing Your Life by Bill Burnett and Dave EvansBOOK - Linchpin by Seth Godin Cal NewportRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

It is commonly said that youth is wasted on the young. Do you ever wish you could share the wisdom and perspective you have gained with someone young enough to benefit from it?As we approach our sunset years, many of us have a spiritual desire to give back to the next generation. There is an abundance of wisdom within this community which is why over the course of the next several episodes we will collect that wisdom to pass on to our children. Each episode will be designed around a separate area of life. This week we’ll focus on energy and mindset because without energy nothing else can fall into place. Come back next week to hear about career and retirement. Make sure to share this one with your favorite young people. There is a wealth of resources mentioned in this episode, so make sure to scroll down to the bottom of this page for all the links. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ LAST MONTH [2:30] The two books I read in SeptemberWHAT WE WISH OUR YOUNGER SELVES WOULD HAVE KNOWN [9:20] What we wish we would have known[14:43] Resources surrounding energy and mindset[16:23] Who Brian is[20:29] What does arete mean?[24:49] What Brian was like at 23[27:44] Advice Brian has for his younger self[41:54] How to gamify self-improvementLISTENER QUESTIONS [53:54] Clarifying my answer to a previous question on HSAs[55:47] Elaborating on not retiring[58:49] Susan’s comment on my interview with the Friends Talk Money podcast[1:01:18] How to look for a retirement plannerTODAY’S SMART SPRINT SEGMENT [1:08:48] What is one thing in each of the energy and mindset domains that you could stop doing to build a better life?Resources Mentioned In This Episode Join me October 26 or 28 to discuss The 4 Financial Pillars of a Great Retirement PlanGarrett Planning NetworkNAPFAFriends Talk Money podcastEpisode 499 - Should I Do A Roth Conversion?BOOK - Deep Work by Cal NewportBOOK - Tiny Habits by BJ FoggBOOK - The Power of Agency by Paul NapperBOOK - The Tools by Phil Stutz and Barry MichelsHeroic AppBOOK - Bright Line Eating by Susan Pierce ThompsonBOOK - The Comfort Crisis by Michael EasterBOOK - Why We Sleep by Matthew WalkerBOOK - Outlive by Peter AttiaBOOK - 4000 Weeks by Oliver BurkemanBOOK - Undaunted Courage by Stephen AmbroseRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

What is the difference between a passion and an interest? Why is it important to have a passion in retirement? In the Bring It On segment with Mark Ross, we’re discussing passions. You’ve probably heard that it is important to have a purpose in retirement, but today you’ll learn how to develop your interests and turn them into passions.You’ll also hear questions about when to stop contributing to pre-tax retirement accounts, what preferred stocks are, and whether QLACS can be used as QCDs. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:30] Future pre-tax contributions[13:48] What is the objective of having preferred stocks in a portfolio[17:03] Can a QLACS distribution be treated as a qualified charitable distribution?[18:54] Where should these 34-year-olds save?BRING IT ON WITH MARK ROSS [21:28] Are passions the same as interests?TODAY’S SMART SPRINT SEGMENT [27:00] Update your net worth statementResources Mentioned In This Episode LiveWithRoger.comBOOK - 4000 Weeks by Oliver BurkemanRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Is there an ideal mix of before and after-tax retirement accounts? If so, what is it? In this episode, we’ll find out. We’ll also explore a number of other questions that have been eating away at listeners like you. Check out this episode to listen to these listener questions and stick around until the end to hear Kevin Lyle’s relief at no longer having to keep up with the Joneses. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:05] What is the ideal mix between before and after-tax retirement accounts?[6:46] What to do about a fee-heavy investment account[11:00] Finding a financial planner[12:09] The impact on energy levels[13:58] Saving for kids’ education[18:17] How to open a Roth with a high-incomeBRING IT ON [21:05] Keeping up with the JonesesTODAY’S SMART SPRINT SEGMENT [26:08] Check the way you compare yourself to othersResources Mentioned In This Episode Andy Panko’s advisor referral listGarrett Planning NetworkNAPFA BOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

What are you doing to make friends in retirement? Mark Ross and I explore this challenge in our Bring It On segment. Listen in to hear how I made a new friend this week and stick around to hear the listener questions and what you could be doing to improve your social life. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:36] What should Ronnie consider when transferring investment accounts?[14:30] Clarifying the 401K catch-up provision for high-income earners[20:12] Clarifying the 5-year rule with each conversion[22:44] Capital gains strategies for downsizing your primary residence[26:35] Will claiming a personal SS benefit early affect a spousal benefit?BRING IT ON WITH MARK ROSS [30:40] How do we make new friends in retirement?TODAY’S SMART SPRINT SEGMENT [37:57] Take stock of your social network to see how you could improveResources Mentioned In This Episode The Roth series 494, 495, 496, 497, 499BOOK - A Simple Path to Wealth by J.L. CollinsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Did you know that there is another way to borrow money to purchase a home that is not a mortgage? Larry is thinking about using a securities-based line of credit against his after-tax investment account to borrow to buy a house. Discover my opinion on this optimization question on this episode of Retirement Answer Man.Listen in to also hear my August reads and learn about the importance of protein to keep strong as you age. Press play now. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ IN AUGUST [2:58] The Wager[6:02] American Prometheus[7:12] Outlive[9:09] The Courage to Be Disliked[10:06] The Big ShortLISTENER QUESTIONS [11:14] Should Larry use an after-tax investment account to borrow to buy a house?[21:33] Jennifer wants to hear more about pretirement[26:25] How to get the Roth clock ticking when you don’t qualify for a Roth[28:18] On discussing faith in the RRC[29:20] The costs of alcohol[30:12] Richard’s thank you on 500 episodes[31:34] Do the same (golden) rules apply to Roth 401Ks as Roth IRAsBRING IT ON WITH DR. BOBBY DUBOIS [35:30] Building energy using protein powder[41:00] How much protein people really need[44:02] Negatives of too much protein[48:12] Do people get enough protein?[50:06] More on protein supplements[57:55] How to ensure you are getting enough proteinTODAY’S SMART SPRINT SEGMENT [59:01] Keep a captain’s logResources Mentioned In This Episode BOOK - American Prometheus by Kai BirdBOOK - Outlive by Peter AttiaBOOK - The Wager by David GrannBOOK - The Courage to be Disliked by Ichiro KishimiBOOK - The Big Short by Michael LewisEpisode 502 - Should I Realign My 401K Now That I'm Retired? (with Kevin Lyles)Episode 500 - 500 Episodes and Still RockingA few episodes in which we discuss retirement - 183, 214, 244, 324, 430 Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

To really rock retirement you have to have the right mindset. On this episode of Retirement Answer Man, Kevin Lyles and I noodle on the power of wonder. You’ll learn why it is important to have a sense of wonder and learn three tips for digging into your own sense of wonder. We also have plenty of listener questions to answer. Press play to hear the answers to questions from listeners like you. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BRING IT ON WITH KEVIN LYLES [3:44] The power of wonder[7:22] Kevin’s tips for experiencing wonderLISTENER QUESTIONS [12:47] Should Liz reallocate her 401K?[23:28] Should Barry be concerned about his asset allocation?[34:45] A rule of 55 issue[36:30] Getting conflicting answers from the Social Security Administration[40:29] On dealing with FOMO and building healthy cash reserves[43:59] How to get into retirement planning as a careerTODAY’S SMART SPRINT SEGMENT [48:40] Find some wonder in the worldResources Mentioned In This Episode RMA CertificationMaximizeMySocialSecurity.comEpisode 493 - How Can I Reverse Taking Social Security?The Huberman Lab PodcastBOOK - The Power of Wonder by Monica ParkerGet inspired by the Free Range Fun Hogs blog Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Should you use historical or projected returns in your retirement model? One of our listeners asks this question in a very eloquent way. On this episode of Retirement Answer Man, I’ll spend some time on this question and share my thoughts on which type of model you should use. You’ll also hear the answers to several other listener questions before Kevin Lyles and I discuss tips for having successful conversations with your spouse in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [1:30] Should we use historical or projected returns?[20:11] What is the intent?[23:00] What I sound like at 75% speed[24:05] How to rank spending priorities[28:24] Insurance options before Medicare[32:14] On estimating longevity in a retirement planBRING IT ON WITH KEVIN LYLES [35:48] Conversations to have with your spouse in retirement[38:11] Tips for successful conversations[40:42] Questions to ask each otherTODAY’S SMART SPRINT SEGMENT [50:32] Review your capital market assumptionsResources Mentioned In This Episode Viking CruisesRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Thank you for hanging in with me for 500 episodes! Today’s episode will veer a bit from the norm as I pause to reflect on our journey and commemorate it with this milestone episode. Listen in to hear my reflections and thoughts from listeners about observations and the meaning of these past 500 episodes. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:33] What I’m proud of from this podcast[6:21] Observations on what it takes to rock retirementLISTENER COMMENTS ON 500 EPISODES [13:24] Jeanie has gained confidence in her retirement[16:11] Eric appreciates the word iterate[17:28] Mary Ellen appreciated the shows on the RV lifestyle[19:38] One listener appreciated the Wings for Widows link[20:53] The pretirement has helped expand John’s vision of retirement[23:48] Elaine appreciates one of my comments[24:11] Kevin’s thoughtsBRING IT ON WITH MARK ROSS [25:06] How to navigate retirement without passionsTODAY’S SMART SPRINT SEGMENT [30:00] Find something to celebrate todayResources Mentioned In This Episode Wings for WidowsEpisode 479 - Widowed In Retirement: Creating A New YouEpisode 442 - Can I Count On Average Returns And Inflation For Retirement? (the interview with Amy Bloom)The RV Series Episode 263, Episode 264, Episode 265, Episode 266 BOOK - Tiny Habits by BJ FoggBOOK - The Daily Stoic by Ryan HolidayRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Do you think the Roth conversion question is an essential part of retirement planning? If you do, you haven’t been paying attention to my podcasts!In this episode of the Retirement Answer Man show, we’ll work through how you can build a framework for deciding whether you should do Roth conversions. If you listened to the Roth conversion series you can’t miss this episode. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:30] Books I read last month[5:12] Framework for building a Roth conversion[15:42] Considerations for making a Roth conversions[22:07] How to decideLISTENER QUESTIONS [27:21] Jeffrey appreciated the how of Roth conversions[28:05] A comment on the pro rata rule[29:15] On funding the years between retirement and pension[35:06] On HSA funding strategies in the final year of workBRING IT ON [38:41] On shifting your mindset[42:00] What thread are you carrying on?TODAY’S SMART SPRINT SEGMENT [42:35] Schedule a time to go through an OODA loop to decide on your Roth opportunityResources Mentioned In This Episode BOOK - Seveneves by Neal StephensonBOOK - Cryptonomicon by Neal Stephenson BOOK - Reamde by Neal StephensonBOOK - All Quiet on the Western Front by Eric Maria RemarqueBOOK - Dead Fall by Brad ThorEpisode 495 - The Rules for Roth ContributionsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Are you much of a drinker? Studies show that 60% of Americans are, and an even greater percentage of college-educated Americans are. In this episode, Dr. Bobby Dubois and I reflect on the effects of alcohol on retirement. We’ll get into everything: the good, the bad, and the ugly.Don’t worry, we’re still exploring Roths this week by answering your questions. All of our listener questions are related to Roths. If you have a question about our recent Roth series or anything retirement-related leave a voice recording or an email here. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:51] On contributing to a Roth via 401K[5:02] Getting pushback from advisors on converting a 401K to Roth[14:10] How does the 5-year rule apply to a new Roth account[17:28] On implementing a resilient plan[22:30] Clarification on the pro rata ruleBRING IT ON WITH DR. BOBBY DUBOIS [24:17] Who drinks alcohol and how much[32:41] The good and bad of drinking alcohol [38:56] The ugly of drinking alcohol[45:21] How does alcohol affect you?TODAY’S SMART SPRINT SEGMENT [48:52] Experiment with your relationship with alcoholResources Mentioned In This Episode Podcast - Huberman LabBOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

After listening to the past two episodes you now know how to make Roth contributions and conversions, that was the easy part. Today we discuss the more complicated Roth rules for making withdrawals. To avoid unnecessary penalties and taxes you’ll want to make sure that you clearly understand the regulations surrounding Roth withdrawals. Listen to ensure that you don’t get caught unaware and needlessly get stuck paying avoidable taxes and fees. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:32] Building a target to work for to build healthy habits[6:20] The golden rule of Roth withdrawals[8:58] The order of withdrawals[11:08] How the five-year rule works with contributions[16:41] How the five-year rule works with conversions[19:33] How the five-year rule works with a Roth 401KLISTENER QUESTIONS [27:11] On taking money from a 401K and moving it to a Roth IRA so that someone can manage it[31:34] How to decide whether to convert funds into a Roth IRA[35:03] Estimating Social Security income using the detailed calculator[36:01] Clarifying the five-year rule start date[38:40] Deciding whether to claim Social Security earlyBRING IT ON [43:14] Intentions vs actionsTODAY’S SMART SPRINT SEGMENT [46:42] Catch yourself setting intentionsResources Mentioned In This Episode Dexa ScanBOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Many of us have missed the boat on Roth contributions, but we have another tool to get into Roths: Roth conversions. If you have been curious about all the hype about Roths you won’t want to miss this series. This month we dive deeper into Roths. In episode 494 we discussed what Roths are, last week we dove into contributions, and this week we demystify conversions. Listen in to learn how you can use Roth conversions to upgrade your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:44] I try to keep the main thing the main thing[3:49] Many of us have missed the boat on Roth contributions[7:11] How to perform a Roth conversion[8:45] How do you pay the tax on a Roth conversion?[14:05] The pros of paying from after-tax assets[16:22] The downsides of paying with after-tax assetsLISTENER QUESTIONS [19:05] A rule of 55 clarification[22:20] What happens if my income is too high to contribute to a Roth[23:52] How to create a 5-year cash bucket in down markets[30:13] On creating a bond portfolio ladderBRING IT ON [38:12] On relationship buildingTODAY’S SMART SPRINT SEGMENT [43:09] Get out of your normal routine and meet new peopleResources Mentioned In This Episode Episode 494 - Roth OpportunityRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

So many economic predictions for the year have proved incorrect. Since even the brightest economists don’t have a crystal ball, planning your retirement based on economic, market, or investment predictions can lead you astray. Instead of basing your retirement plan on wishful thinking, learn how to create a strategic retirement plan based on agency.Today, and during this entire Roth IRA series, we’ll see how you can use Roths to enhance your retirement plan. Listen to this episode to hear whether you should be making Roth contributions to help fund your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [5:48] How to make Roth IRA contributions[8:04] How backdoor Roth contributions work[13:47] The difference in the Roth 401KLISTENER QUESTIONS [19:45] Envisioning family legacy options[28:08] Spousal Social Security benefits[31:26] Optimizing taxes and estate planningBRING IT ON WITH KEVIN LYLES [39:20] On designing a phased retirement[45:02] Make sure your phased retirement isn’t an excuse to not retireTODAY’S SMART SPRINT SEGMENT [47:30] Examine whether you should be making Roth contributionsResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you’ve been wondering how Roth IRAs work in retirement you’ve come to the right place. All this month we’ll be exploring Roth IRAs–how they work, the 5-year rule, and the differences between Roth conversions and contributions and Roth IRAs and Roth 401Ks. My goal with this series is to level the playing field so that you can understand the opportunities that Roths provide. On this episode, you’ll learn how you can use a Roth to enhance your retirement. If you are ready to start optimizing your retirement press play. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ LAST MONTH [2:10] What I’ve been reading and how I readPRACTICAL PLANNING SEGMENT [12:35] Roth accounts in retirement[16:16] What Roths are[20:56] Roth planning opportunitiesLISTENER QUESTIONS [32:45] A tip for using the detailed calculator on SSA.gov[33:52] How to search for a financial advisor[37:17] On consolidating your IRAs[42:26] Can Kelly roll over her 401K to a Roth IRA or is there a better option?BRING IT ON WITH DR. BOBBY DUBOIS [50:12] How to implement the tools Dr. Dubois gives us[52:32] Assessing your energy levels[59:22] How to start improving your energy[1:04:39] How to improve the mind-body connection[1:12:46] How to experiment on yourselfTODAY’S SMART SPRINT SEGMENT [1:14:10] Update your net worth statement and your cash flow statement so you can plan the rest of the yearResources Mentioned In This Episode Episode 487 - The 8 Pillars Of Rocking Retirement: Financial - Resilience And OptimizationThe Detailed calculator on SSA.gov not My SSA.govCatching Up to FI PodcastBOOK - Call Sign Chaos by Jim MattisBOOK - Fooled by Randomness by Nassim Nicholas TalebBOOK - The Alter Ego Effect by Todd HermanObsidian note taking appRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center