Retirement Answer Man

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

There are so many questions that come with retirement which is why I focus on answering questions from listeners like you. As you listen to these questions and their answers consider how they fit into your ultimate objective. Listen in to learn why intent matters.In this episode, we’ll explore how to frame retirement questions around your intent, answer listener questions, and in the Bring It On segment you’ll hear a tip about how to rebalance your emotions during stressful conversations. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:12] How to use your 5-year cushion[11:32] Does having a civil judgment against me apply to my accounts in other states?[15:55] Bret wants to know more about how to maximize his accumulation stage[19:35] How to reverse a decision to claim Social Security [22:05] Examples of simplifying a portfolio by using ETFs or other all-in-one funds[26:38] How to diversify an overfunded portfolio[32:59] Should I stop the automatic reinvestment of dividends?BRING IT ON [36:00] A tip to rebalance your emotions in stressful situationsTODAY’S SMART SPRINT SEGMENT [37:50] Reexamine your intent when making decisionsResources Mentioned In This Episode Brian CainBOOK - Call Sign Chaos by Jim MattisJeremy SiegelBOOK - Stocks for the Long Run by Jeremy SiegelRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This podcast was created for you–not me. I’m here to help you think differently about retirement and find a concept or tool that will help you take action to rock retirement. I do this by answering your questions and bringing you content that will open your mind and spur you to get started. If you have a question you would like me to answer, head on over to RogerWhitney.com/AskRoger to leave an audio or written question.Investing in retirement shouldn’t be that complex. The simpler you can keep it the less confusion you’ll have. One listener wonders how she can keep her investments simple in retirement. Find out how to take the complexity out of investing in retirement by listening to this episode. Afterward, you can take action by considering how to simplify your own investments and make them retirement ready. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:20] What other listeners sayLISTENER QUESTIONS [5:42] What is the difference between a financial advisor and a wealth planner?[12:48] The KISS concept for investing[19:35] On using direct debt lending organizations[25:00] The difference between bank CDs and brokered CDs[30:18] How to make your retirement plan resilientBRING IT ON [39:21] On starting your own business in retirement[45:55] Steps to take to get startedTODAY’S SMART SPRINT SEGMENT [47:37] Take action on somethingResources Mentioned In This Episode FINRA.orgRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

The oldest person is 120 years old, but they probably didn’t have a plan to live that long. Many people don’t have a plan for the decades between 60 and 120. Do you?In this episode of the Retirement Answer Man show, you’ll hear from the CEO of a venture capital firm that funds companies that help people age well, you’ll also hear the answers to several listener questions–including one correction from an incorrect answer last week, and lastly, you’ll hear about developing a learning mindset from Mark Ross in the Bring It On segment. Can you guess which question I answered incorrectly last week? Listen in to find out and to hear it answered correctly. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN AN INTERVIEW WITH ABBY MILLER LEVY [2:30] What it was like to start a firm in the midst of the pandemic[6:35] Examples of their investments[13:24] How to plan for decades 6-12[21:52] Integrating AI in a human wayLISTENER QUESTIONS [25:36] I missed last week’s question - so here’s take two[32:47] How Mike is finding purpose in retirement[33:56] On self-funding long-term care by earmarking accountsBRING IT ON WITH MARK ROSS [40:06] On adopting a learning mindset in retirement[41:18] What you can do today to develop a learning mindsetTODAY’S SMART SPRINT SEGMENT [49:15] Stress test your plan against a long-term care eventResources Mentioned In This Episode BOOK - This Chair Rocks by Ashton ApplewhitePrimetime PartnersRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

“If you are looking for someone to believe in, believe in yourself. The only authentic authority is your own original nature.” Vernon HowardAre you ready to start believing in yourself enough to rock retirement? If you have been following this show, hopefully, you are doing the work so that you can build the confidence to lean in and really rock retirement. On this episode, we have a guest that may help guide and empower you to do the work that you need to do to rock retirement. You’ll also hear about what I've been reading, Answers to listener questions, and how to use your toolkit to fit disease from Bobby Dubois in our Bring It On segment. Press play to feel empowered OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT I’M READING [1:38] What I’ve been reading latelyPRACTICAL PLANNING SEGMENT WITH VERONICA McCAIN [9:12] Who is Veronica McCain?[15:07] What people are lacking in retirement[21:44] Why she wrote a workbookLISTENER QUESTIONS [25:07] How does the 5-year rule work for Roth conversions?[29:43] Michael’s book suggestion[31:40] Focusing on the no-go years[36:27] A story on your legacyBRING IT ON WITH DR. BOBBY DUBOIS [39:25] Our tool kit can help fight heart disease[43:10] Understanding the risk factors of heart disease[57:33] How sleep affects heart disease[59:40] Mind-body work can also improve your risksTODAY’S SMART SPRINT SEGMENT [1:05:57] Pull one thing a day to declutterResources Mentioned In This Episode SavvyRetirementCoach.comBOOK - My Retirement My Way by Veronica McCainBOOK - Total Recall by Arnold SchwarzeneggerBOOK - Limitless Mind by Jo BoalerBOOK - The Alter Ego Effect by Todd HermanBOOK - The 12 Week Year by Brian MoranBOOK - You Learn by Living by Eleanor RooseveltBOOK - Metabolical by Robert LustigRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

It’s time to wrap up the eight retirement pillars with the final two non-financial pillars: passion and relationships. In this episode, you’ll learn why happy people always have projects and what you can do to get started building your own passion projects. You’ll also learn why it is so important to develop intentional relationships. Discover these final two non-financial pillars for a rocking retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:15] Projects with purpose[5:43] Obstacles to creating passion projects[8:50] How to build a plan to develop your own passion[10:32] Relationships are an integral part of rocking retirementLISTENER QUESTIONS [17:50] A spousal IRA question[19:17] Rolling over a 401K to an IRA[28:44] A note on my wording[29:28] Feedback from people on going two to oneTODAY’S SMART SPRINT SEGMENT [36:27] Go out and take action on something that interests youResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Rocking retirement requires focusing on both the financial and non-financial aspects of retirement. In the previous two episodes we explored the four financial areas that help build a rocking retirement, and today, we begin to examine the non-financial areas starting with energy and mindset. After listening you’ll understand why rocking the non-financial part of retirement starts with building your energy. Learn how to improve your energy and mindset by listening to this episode of Retirement Answer Man. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:30] Energy is the first pillar4:17] Create a plan to improve your energy[7:10] Develop a growth mindset[12:46] An example LISTENER QUESTIONS [15:38] Do you have to be actively earning income to contribute to a Roth?[18:53] How doing their own taxes saved them thousands of dollars (and not only in tax preparer fees)[22:55] Will my spouse receive the COLA as well?[25:28] Are CDs a good way to invest?BRING IT ON WITH MARK ROSS [29:51] Foster an abundance mindset[35:34] Tools to use to practice an abundance mindsetTODAY’S SMART SPRINT SEGMENT [37:24] Be aware of the stories that you tell yourself and how they affect your mindsetResources Mentioned In This Episode BOOK - Limitless Mind by Jo BoalerRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Rocking retirement requires getting your financial and nonfinancial ducks in a row. As we work through the 8 pillars of rocking retirement this month, we’ll explore both the financial and non-financial elements of retirement. This week, we’re reviewing the resilience and optimization stages of the financial side of retirement. If you didn’t listen to the previous episode, make sure to go back and do so first to about the first two financial pillars. In this episode, we’ll be reviewing the next two: resilience and optimization. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT DOES THAT MEAN? [1:40] What is the debt ceiling?[5:43] What will happen with the debt ceiling?PRACTICAL PLANNING SEGMENT [7:55] Make your feasible plan resilient[14:10] Build a funding strategy[18:07] Now it’s time for optimizationLISTENER QUESTIONS [22:45] Estimating Social Security using the detailed calculator[25:02] The pros and cons of investing in REITs and private funds[31:45] Choosing a retirement planner vs. a CFP[36:16] Should Tammy sell one of her rental propertiesBRING IT ON [41:28] What micro roles can you play in various relationships?TODAY’S SMART SPRINT SEGMENT [47:20] Assess the resilience of your retirement planResources Mentioned In This Episode SSA.gov detailed calculatorEpisode 486 - The 8 Pillars Of Rocking Retirement: Financial - Vision And FeasibilityRetirement Plan Live episodes with Rosie - 468, 469, 470, 471Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you don't know where you are going any path will get you there. This is why it is so important to have a vision of where you want to go–you don’t want to end up anywhere!This series is dedicated to teaching you the 8 pillars to rock retirement. In this episode, we focus on creating a vision so that you can create a feasible pathway to get you to your vision. Listen in so that you aren’t wandering aimlessly through your retirement. Press play to learn how to visualize your goal and create a way to get there. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:52] What do you want?[6:32] What are your objectives?[8:14] What are the obstacles?[12:39] How to make your plan feasibleLISTENER QUESTIONS [18:54] A tip about going from two to one[20:57] A pie-cake baking tip[22:22] How to consider long-term investing when you get older[29:01] Would a stable value fund be a healthy or junk investment?BRING IT ON WITH KEVIN LYLES [34:17] How volunteering can improve your retirementTODAY’S SMART SPRINT SEGMENT [40:38] Think about your life as if it were a clean slateResources Mentioned In This Episode LiveWithRoger.comBOOK - The Top Five Regrets of the Dying by Bronnie WareFences for FidoRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This month we’re heading back to basics. All month long we’ll be building your foundational understanding of how to create a rocking retirement. If you’re new to the show, this is a fantastic starting point. If you are a long-time listener you’ll appreciate this review.In this episode, you’ll learn how to solve the essential problems of retirement planning: how to live a life without regret and how to balance squeezing as much out of life as possible today while ensuring that you have enough financial stability so that you won’t be a burden to others in your later years. Listen in to learn how to build a retirement that you can be excited about. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ LAST MONTH [1:30] My monthly reading listPRACTICAL PLANNING SEGMENT [8:22] My experience in retirement planning[9:38] The retirement challenges you’re facing[15:35] Problems with traditional retirement planning[19:18] 3 things you need to have hope[21:10] Why I use an agile project management approachLISTENER QUESTIONS [27:33]Could joining the RRC help Matt help his mother-in-law?[30:05] On sharing the results of the survey[31:40] A book recommendation[33:33] How to transition to the decumulation stageBRING IT ON WITH DR. BOBBY DUBOIS [40:33] How exposure to heat and cold can benefit you[42:02] The history of using heat and cold to relax and heal[44:20] Defining heat and cold exposure[47:08] The evidence that supports exposure[53:09] The downsides[55:13] The benefitsTODAY’S SMART SPRINT SEGMENT [1:03:50] What is your planning process?Resources Mentioned In This Episode LiveWithRoger.com - Join me on May 11 or May 13, 2023, to learn the 4 phases of great retirement planning and to hear more about the Rock Retirement Club!BOOK - Unreasonable Hospitality by Will GuidaraBOOK - The Creative Act - Rick RubinBOOK - The Tiger by John VaillantBOOK - What Are People For? By Wendell BerryBOOK - Atomic Habits by James ClearBOOK - Tiny Habits by BJ FoggBOOK - Why Zebras Don’t Get Ulcers by Robert SapolskyEpisode 481 - I’m in My Fifties and Got Laid Off. What Should I Do?Morning Star’s The Long View Podcast - Retirement Planning Is Not Financial PlanningRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

How will Social Security benefits fit into your retirement equation? If you have a spouse, there is an added level of complexity when considering your Social Security claiming strategy. We explore this topic and more through listener questions on today’s episode of Retirement Answer Man. Learn what to consider and how to approach the Social Security question by pressing play. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:49] Kathy shares Soaring Spirits International – a widows' group[4:33] Claiming Social Security strategies[9:55] Non-qualified stock options[18:39] Simplifying your investments going into retirementBRING IT ON [32:19] Having passions or projects to drive you[35:09] Plan your days in retirementTODAY’S SMART SPRINT SEGMENT [36:47] Declutter one thingResources Mentioned In This Episode Soaring Spirits InternationalSSA.govRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you are thinking about retiring in the next few years you’re probably wondering what the best tools are to help you plan. Finding the right retirement planning software can not only help you plan retirement but help put your mind at ease so that you can Rock Retirement!One listener asks my opinion on the best retirement software to use. If you are curious about my answer you’ll press play. In this episode, you’ll also hear about the books I read in March, an interview with Steven Chen from the New Retirement Calculator, and learn the benefits of creating horizontal relationships. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOK REVIEWS [1:30] Books I read in MarchLISTENER QUESTIONS [5:30] Which retirement software should I use?[11:49] On using dividend investing to fund retirement[20:19] On using indexed annuities with downside protection[24:04] A recommendation for my wife, Shawna[24:55] Looking for a financial planner that is a retirement consultant STEVEN CHEN INTERVIEW ON THE NEW RETIREMENT CALCULATOR [26:45] What New Retirement Calculator users think about[33:06] Planning for the future[38:36] What’s new with the New Retirement CalculatorBRING IT ON [41:55] The benefits of creating horizontal relationshipsTODAY’S SMART SPRINT SEGMENT [47:10] Revisit your allocation planResources Mentioned In This Episode NAPFAGarrett Planning NetworkNew Retirement CalculatorMoney Guide Pro EliteFinancewareBOOK - The Courage to Be Disliked by Ichiro KishimiBOOK - Make Your Bed by William McCravenBOOK - Sea Stories by William McCravenBOOK - Build by Tony FadellBOOK - Top Five Regrets of the Dying by Bonnie WareMorningstar’s The Long View Podcast - Retirement Planning Is Not Financial PlanningLiveWithRoger.com - Register for the webinar on May 11, 2023 to discover the 4 Phases of a Great Retirement PlanRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

We continue our focus on you this month as we dive deeper into listener questions. Today we have a range of questions from various aspects of the retirement process.If you have a question you want to be answered, head on over to RogerWhitney.com/AskRoger. You can type in a question or leave an audio recording–those are my favorites!Listen in to learn how to work through the decumulation phase of retirement by developing a withdrawal plan that fits your needs. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:32] What are the advantages or disadvantages to using bond funds to create an income floor?[9:21] How do I report a QCD on my income tax return?[14:50] Can you contribute to a Roth IRA with only a 1099 income?[16:00] On doing a series on grey divorce in the future[17:14] Where to pull money from first in the decumulation phase[23:04] Where to put your passwordsBRING IT ON [28:20] Are we ever enough?TODAY’S SMART SPRINT SEGMENT [31:01] Confirm that your spouse knows your passwordsResources Mentioned In This Episode Everplans1PassRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

All month long, I’ll be answering fantastic questions from listeners like you. Today, we’ll explore the steps you should take if you’re in your 50s and get laid off. Have you ever thought about what you would do in this situation? Listen in to find out. In the Bring It On segment, Dr. Bobby Dubois helps us understand the effects of stress and what we can do to combat stress so that we can live longer, healthier lives. You won’t want to miss his four exercises for working through everyday stressors. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:38] Who is listeningLISTENER QUESTIONS [6:38] In my fifties and laid off. What should I do?[17:08] Is there a widows group within the Rock Retirement Club?[18:11] What can retirees do to protect themselves from the effects of the government reaching the debt ceiling?BRING IT ON WITH DR. BOBBY DUBOIS [25:05] Another skill to keep you healthy [27:45] Defining mind-body activities[29:22] Defining stress[34:22] Stress affects many areas of our lives[38:35] What you can do to combat stress in your life[44:20] How to try stress relieving exercises to see if they work for youTODAY’S SMART SPRINT SEGMENT [46:40] Assess your situation and do some basic triageResources Mentioned In This Episode Wings for WidowsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Reimagining life after widowhood can be challenging. In the beginning, it may seem like something that is impossible to imagine. Even if life seems insurmountable at the beginning, it is crucial to remember that someday you will be able to enjoy life again. Just not yet. Yet is an important word. Yet helps you understand that things will not always be as they are now. Today you’ll learn how to change your mindset from I can’t do this to I can’t do this yet. On this episode of Retirement Answer Man, you’ll hear wisdom from those who have traveled this same journey. They open up and share their financial and nonfinancial experiences. You’ll hear what has helped and what hasn’t, their challenges and triumphs, and how they have learned to power through and begin to create new dreams.Listen in to hear these brave widows share their stories so you can understand that a new life after widowhood isn’t impossible. The power of yet can change your mindset and help you rebuild your dreams. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WIDOWS LIVING A GREAT LIFE [3:20] Emma has had difficulty navigating the nonfinancial side of widowhood[9:30] It has taken time to reimagine her goals[11:20] Insights from the financial side[17:03] Mary needed time to grieve[23:00] How Mary managed the project[25:12] The nonfinancial side of widowhood[28:20] The financial side of widowhood[35:15] A new widow’s perspectiveTODAY’S SMART SPRINT SEGMENT [42:40] Think about how you can use the word yet to envision what is yet to comeResources Mentioned In This Episode BOOK - Getting Grit by Caroline MillerEverplansRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Nobody wants to face life as a widow or widower. However, it is an unfortunate reality that many must face. Successfully navigating widowhood could be easier if you could prepare yourself in advance. In this Widowed in Retirement series, we aim to do just that. Today you’ll learn how you can start life again on your own. Mark Trautman joins me again to discuss his experience moving forward after the death of your spouse. He touches on prioritizing actions to take, setting up a summarized retirement plan, and rebuilding your life as a single person. While we didn’t have time for Listener Questions today, we have a bonus interview with Chris Bentley from Wings for Widows as well as a chat with Lori Mage in our Bring It On segment.Listen in to learn what you can do to rebuild your life and begin again. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT A CHAT WITH MARK TRAUTMAN [5:16] Our time is finite - make use of it[7:42] Could people have reacted better?[10:55] What were short-term actions[18:02] A retirement plan summary document[20:39] Going forwardA CHAT WITH CHRIS BENTLEY FROM WINGS FOR WIDOWS [23:04] How he decided to create Wings for Widows[31:52] Working with the financially illiterate [38:02] How to plan for widowhoodBRING IT ON WITH LORI MAGE [41:02] On relationships[43:33] What Lori did to build a relationship with herselfTODAY’S SMART SPRINT SEGMENT [50:30] When you mess up say it was a mis-takeResources Mentioned In This Episode Lori MageHeroic AppWings for WidowsFoundation for Financial PlanningBOOK - The Leadership Challenge by James KouzesBOOK - After the Death of Your Spouse by Mike PiperBOOK - Option B by Sheryl SandbergRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you are married, chances are you or your spouse will have to suffer through widowhood. The Widowed in Retirement series aims to help you navigate this difficult transition as best you can. Today, Mark Trautman joins me again to discuss how to work through the huge financial changes that result from losing a spouse. There are myriad financial considerations to be aware of during this change, so this may be an episode that you want to bookmark to refer back to later or send to a friend in need. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:26] A common myth of widowhood[5:11] What changes occur when you go from two to one[9:27] Expenses don’t change[16:44] Creating a new financial plan[20:20] Tax planning[25:25] Social Security benefitsLISTENER QUESTIONS [36:55] A 59 ½ IRA withdrawal rule question[38:52] How to calculate the 5-year rule for a Roth IRA[40:27] How to handle the cash bucket in a down market [45:03] Healthcare before MedicareBRING IT ON WITH MARK ROSS [49:11] What is passion?[51:23] How to explore your passions[55:15] Building boundaries around your passions so they don’t become workTODAY’S SMART SPRINT SEGMENT [58:45] Put dabble on your calendarResources Mentioned In This Episode BOOK - After the Death of Your Spouse by Mike PiperBOOK - Taking Stock by Jordan GrumetBOOK - AARP Checklist for My Family by Sally Balche HurmeBOOK - So Good They Can’t Ignore You by Cal NewportBOOK - How to Think Like Leonardo Da Vinci by Michael GelbEverplansEpisode 477 - Navigating Life ChangesRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Even though it is difficult to think about it, at some point, those of us who are married will have to think about one of you transitioning from two to one. This week we’re exploring the nonfinancial impacts of this transition with someone who has walked this journey. Rock Retirement Club member, Mark Trautman shares his personal journey through his life-changing experience. Mark shares the challenges and the tools that have helped him get through this heartbreaking part of his life so that he can move forward and rock retirement on his own. After the main segment, you’ll hear our listener questions and then we’ll Bring It On with Dr. Bobby Dubois. Dr. Bobby will help us understand why sleep is so important and what we can do to improve the quality of our sleep. Don’t miss out on this important episode. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:27] The more open you are the more you can deal[7:58] What you lose when you lose a spouse[11:38] Redefining goals after widowhood[16:23] Dealing with grief[21:33] Building community LISTENER QUESTIONS [31:20] My response to a scathing review on Retirement Plan Live[34:54] Another Retirement Plan Live review[37:28] How to replenish funds [44:48] A question about Rosie’s HELOC loan[46:31] Insight on huzzah!BRING IT ON WITH DR. BOBBY DUBOIS [48:41] Why is sleep so important[51:52] How to improve sleep[58:33] How to get to sleep[1:04:30] Dealing with chronic pain and sleepTODAY’S SMART SPRINT SEGMENT [1:14:59] Use Bobby’s tips to experiment with your sleepResources Mentioned In This Episode Examine.comBOOK - Why We Sleep by Matthew Walker Leeds sleep evaluation questionnaireBOOK - Taking Stock by Jordan GrumetRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you have been listening to this show for a while, chances are you already know how to rock your retirement. However, this can all change with the loss of a spouse. All of your best-laid plans change in an instant. That’s why this month we are focusing on going from two to one. Learn how to navigate your mindset–transition from this sucks, to how I will work through this, to having a great life. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [5:47] Announcements[6:44] Books I read in FebruaryLISTENER QUESTIONS [11:46] Roth conversions and taxes[17:31] Roth conversions or capital gains?[23:10] How to create a paycheck between ages 62-72BRING IT ON WITH KEVIN LYLES [29:12] Finding meaning and purpose in retirement [38:52] Create a mission statementTODAY’S SMART SPRINT SEGMENT [41:05] Think about your mindsetResources Mentioned In This Episode Episode 310 - The Pie CakeAndy PankoBOOK - Traction by Gino WickmanBOOK - Be 2.0 by Jim CollinsBOOK - Rethinking Positive Thinking by Gabrielle OettingenTV SERIES - SAS Rogue Heroes on MGM streamingTV SERIES - Shrinking on Apple TVRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Life is what happens to us when we are busy making other plans. This is especially true during transitions. As I transition to adding a new segment to this show, it’s gotten a bit messy. It’s been a bumpy road and not everything has gone according to plan.Listen in to hear how this applies to retirement planning. While you’re at it you’ll hear how to decide whether to rebalance a portfolio and how to nurture relationships. Press play so that you can start rocking retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [0:39] Life is happening nowLISTENER QUESTIONS [5:35] Should I rebalance now?[11:52] Selling rental properties[16:13] Do I take the pension or the lump sum?BRING IT ON WITH NICK KENNEDY [21:28] The 4 quadrants of relational nutrients[29:29] Take action and be presentTODAY’S SMART SPRINT SEGMENT [31:50] Get the relational nutrient card and practice itResources Mentioned In This Episode Pension or Lump Sum on YouTubeBOOK - People Fuel by John TownsendRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Do you ever feel like a curmudgeon when you hear about new technology? Listen in to find out what has me putting on my sourpuss hat this week.We have a variety of interesting listener questions this week. Listen in to learn about purchasing brokerage CDs and CDs on the secondary market, how to decide whether to take the pension or the lump sum, and how to determine whether to become a 1099 contractor rather than a W2 employee.In the Bring It On segment you’ll hear about what work looks like in retirement from Mark Ross. Spoiler alert: you can work in retirement! OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:06] Brokerage CDs and CDs on the secondary market[9:34] How to decide to take the pension or the lump sum[14:38] What does huzzah mean?[15:18] How to determine whether to become a 1099 contractor rather than a W2 employeeBRING IT ON WITH MARK ROSS [22:31] What work looks like in retirement[24:45] How to determine whether you should work in retirement[28:49] 3 categories of work[31:00] What you can do to help you determine your work in retirementTODAY’S SMART SPRINT SEGMENT [31:53] Download the Relational Nutrient CardResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Recently, we had the finale of the Retirement Plan Live series, so I want to share my observations on what we can all learn from Rosie’s experience. There was a lot to unpack from Rosie’s plan. Before we get to the Listener Questions segment, I’ll share my thoughts with you. Make sure to stick around after the listener questions to hear the Bring It On segment with Dr. Bobby Dubois. You’ll hear about building energy in retirement through your emotional, cognitive, and social well-being. Learn how to use these powerful ways to live longer and stay healthier in retirement. My observations on the latest Retirement Plan LIve with Rosie Rosie recently shared her retirement plan with all of us in our Retirement Plan Live series. This is a very public way to plan for retirement, so she was brave to put herself out there to share her situation openly. Unfortunately, Rosie’s current trajectory is not feasible and she and her husband are on track to run out of money within ten years. Coming to this understanding while live in front of 1000+ people is incredibly difficult, but now she can correct course to get back on track. This wasn’t only a learning experience for Rosie, it was for me as well. Here are a few of my takeaways from this experience. A plan must be feasible and resilient Rosie retired in mid-2021 in the middle of a bull market when interest rates were zero. She was working with a financial planner, so there were projections that showed her plan was feasible. However, there was nothing done to make that plan resilient in the face of challenging circumstances. Her withdrawal rate did not match up with the assets they have and nothing was done to compensate when the sequence of return risk reared its ugly head. Without resiliency designed into the plan, it fell apart quickly. They are now in a position where they have to make some tough decisions.A feasible plan is like a lit candle. It can burn; however, a gentle breeze will blow it out. Having a resilient plan is like having a fire. When a wind comes by it won’t go out–it may even gain more strength with the added fuel. An accumulation investment strategy doesn’t work in retirement Going into retirement Rosie and Dwayne were invested in 75% equities. Since they were already constrained as they approached retirement, they needed to be a bit more conservative. Their monthly systematic withdrawals came directly from selling those equities and they had no decumulation strategy. The result is that they are now underfunded. There is a difference between a financial advisor and a retirement planner Even though Rosie and Dwayne were using a certified financial planner, they still got blown off course. A financial advisor is similar to a general practitioner in medicine. They are not retirement specialists, so they may not understand how to build resiliency into a retirement plan. A retirement planner goes deeper on how to create a decumulation plan that has resiliency built in. They also understand that selling equities to meet withdrawals doesn’t work in a constrained retirement situation. Communication is crucial It was clear that there were communication issues between Rosie and her advisor. She assumed there was safe money set aside somewhere while there wasn’t. This incongruence between what she thought and what her advisor understood has also contributed to their current situation. While Rosie had conversations with her advisor, they were surface-level, and she didn’t pose follow-up questions to help improve her understanding of the situation. She didn’t understand the decumulation plan to create her retirement paycheck. This vital detail was missing. One year into retirement and her retirement plan fell apart. They didn’t analyze the opportunities to increase their social capital Both Rosie and Dwayne took Social Security early so that they could try and preserve their assets as long as possible. This was always what they had planned, so they never considered anything else. Had they carefully considered a different strategy for filing for Social Security, it may have made a difference in their trajectory. Have you listened to the latest Retirement Plan Live series? Did you attend the results webinar? If you missed it check out the replay. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:05] My observations from the Retirement Plan Live webinarLISTENER QUESTIONS [11:40] Is deferred compensation considered earned income during the distribution period?[14:17] When can someone collect Social Security survivor benefits?[17:13] On setting aside a 5-year fund as the basis to building the pie cake[25:51] On spending psychology during the go-go yearsBRING IT ON [30:43] On building energy in retirement through emotional, cognitive, and social well being[32:15] Your sleep, social, mind-body connection, and exposure to extreme climate can greatly affect your well-being in retirement[35:55] Why is sleep so important?[39:10] How social

I’m excited about our newest segment, Bring It On with Kevin Lyles. The Bring It On segment will discuss mindset and other non-financial aspects of retirement. In addition to our newest segment, today you’ll hear about the books I read in January and listener questions. Learn how to calculate a decreased benefit when retiring early, which accounts to draw from to minimize taxes, how to manage 401Ks through a company transition, and what to consider when choosing a financial advisor. Join me for this episode of Retirement Answer Man to explore the latest issues in retirement and beyond so that you can get ready to rock retirement. The latest books I’ve been reading In January I had the opportunity to finish reading four books. Most are nonfiction, but I threw a fiction book in for good measure.How to Think Like a Roman Emperor by Donald Robertson - This book is on stoicism and discusses the qualms we have when contemplating our own death and aging. The fear of death and aging can make us fearful, so by bringing that touchy subject out of the shadows, we can embrace the inevitable and live more fully in the moment.Never Finished by David Goggins - Since this book was written by a Navy SEAL, it has some salty language. However, David is a living example of what you people can endure and do. We have capabilities far beyond what we can imagine.The Boys from Biloxi by John Grisham - John Grisham writes formulaic legal thrillers, but his formula works. I enjoyed the history and background that he included of Biloxi, Mississippi.The Comfort Crisis by Michael Easter - This is another book about getting outside your comfort zone. Michael Easter completed a monthlong hunt in the Arctic–far outside of his comfort zone. This book was my favorite this month–it will challenge your thinking. Michael explores the idea of stretching yourself by doing something you think may not be possible. If you have any book recommendations for me reply to the 6-Shot Saturday newsletter. Why mindset is so important Mindset is the attitude that you bring to your life and retirement. It drives how you respond to the challenges you face when you’re transitioning and living your life. The mindset you bring to those challenges will make all the difference in the world.There is now more data regarding mindset with the science of positive psychology. Science shows that mindset matters and affects not only how you feel but outcomes. People who seek out the bad see more bad things, those who look for the good in the world see things in a more positive light. What to expect from the Bring It On segment In our newest nonfinancial segment, we’ll discuss several nonfinancial issues related to retirement: dealing with boredom, losing status, mindset, attitude, aging, identity, gratitude and so much more. Think about your own attitude about retirement and aging. What are the top five words that come to your mind? Discuss your thoughts with your loved ones. Could your thoughts be improved? Do you need to change your mindset? OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:06] The books I’ve been readingLISTENER QUESTIONS [7:42] Addressing feedback on the show[9:32] Feedback from the past Retirement Plan Live[10:36] How to calculate a decreased benefit when retiring early[15:04] Which accounts to draw from to minimize taxes[20:42] How to manage 401Ks through a company transition[22:03] What to think about when choosing a financial advisorBRING IT ON WITH KEVIN LYLES [27:15] Why mindset is so important[32:04] How important a social network isTODAY’S SMART SPRINT SEGMENT [35:50] Write down what comes to mind when you think of aging and deathResources Mentioned In This Episode BOOK - Flourish by Martin SeligmanBOOK - How to Think Like a Roman Emperor by Donald RobertsonBOOK - Never Finished by David GogginsBOOK - The Boys from Biloxi by John GrishamBOOK - The Comfort Crisis by Michael EasterGoRuck.comSocial Security Detailed CalculatorRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Retirement can be tricky. There are so many unknowns, so preparing yourself mentally can be a challenge. Mental toughness is the ability to remain positive and proactive in the most adverse situations. Our Retirement Plan Live volunteer, Rosie, is having to rely on mental toughness to stay on target through an extra challenging early retirement.Join Rosie and me today as we discuss the impact that the bear market had on her finances at the start of her retirement. Rosie is trying to get her retirement back on track Rosie and her husband Dwayne didn’t retire in the best circumstances. Inflation and market fluctuations haven’t been on their side. This sequence of returns at the beginning of their retirement is not faring well for their portfolio. Now they are trying to assess whether they are on a feasible path or whether they’ll need to make some adjustments. Simply by walking through this process they are already being proactive. They are assessing the damage and seeing how they can shape a plan for the future to get back on track. It’s challenging to enjoy the go-go years without a safety net While Rosie is more risk-averse, her husband Dwayne enjoys researching and investing in individual stocks. He uses about 10% of their total savings to play around in the market investing in his favorite publicly traded companies. Rosie estimates that about 75% of their total portfolio is in stocks and this makes her feel a bit anxious especially since their portfolio is down about 20% from last year. She would like to be enjoying her go-go years, however, without a healthy cash reserve in place, or a long-term care plan, she doesn’t have the security in place to let loose and rock retirement.Without a cash bucket set up, their $8,500 per month is coming from a systematic selling of their investments, but she’s not sure where they should go from here. Don’t miss the culmination of the past four episodes If your retirement isn’t going to plan, it is important to acknowledge where you are now so that you can mitigate the damages and reset your course. You can’t simply ignore the situation and wait for someone to tell you that everything is going to be okay. You’ll need to understand the nuances of your financial situation to determine the best way forward. Join us on February 2 at 7 pm CST for the grand finale of this year’s Retirement Plan Live. I’ll walk Rosie through her retirement plan and we’ll determine whether or not it is feasible. Then we’ll look for risks and opportunities. As a participant, you’ll have the opportunity to ask questions and see how the process plays out. After the live meetup, consider joining the Rock Retirement Club. The Club was created to give new retirees a solid framework and trusted tools to use to build a feasible, resilient retirement plan that will give members the confidence to rock retirement. In addition, RRC members have created an amazing, inviting community filled with people on the same journey. Learn more by joining the live meetup. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [4:47] Rosie’s questions[7:12] Understanding Rosie’s annuity[16:52] Understanding the software we use[18:32] Understanding the sequence of returns risk[27:07] Rosie’s experience with advisorsLISTENER QUESTIONS [36:36] Do you calculate using tax-deferred dollars to create a paycheck in retirement?[44:32] Using a draw-down strategy for a 401K[47:57] How to get a better interest rate from cashTODAY’S SMART SPRINT SEGMENT [50:40] Reassess your trajectory to achieving your goalsResources Mentioned In This Episode Join the live meetup on February 2 at LiveWithRoger.comMoney Guide Pro Elite retirement toolNew Retirement CalculatorRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Take a breath, check yourself, and then observe where things are at. That’s what Rosie and I are doing on this episode of Retirement Plan Live.After the last episode in which Rosie planned out all her hopes and dreams for retirement, today we’re taking a look at her financial picture. We’ll walk through the sources of her social, human, and financial capital to see where she and her husband stand financially. Listen in and create your own plan as we go. Make sure to sign up for 6-Shot Saturday to ensure that you get all the worksheets to work through your own retirement plan with me and Rosie. Sign up for the grand finale on Feb 2, 2023 Have you signed up for the live webinar on February 2? This will be the grand finale to this year’s Retirement Plan Live. We’ll see if Rosie’s dream retirement is feasible with her resources. We’ll also identify potential risks and opportunities that she should watch out for. Head on over to LiveWithRoger to register. How will Rosie pay for those retirement dreams? We can never know anything for certain, about our financial future, but we can build a solid framework to build up our confidence in our plan. Last week, Rosie laid out her retirement goals and as she did so she tied those into her values. Our goals are really just a representation of our values. As we walk through Rosie’s finances we analyze three different types of capital: social, human, and financial. Social capital includes guaranteed payment sources. The most familiar example of social capital is Social Security. Rosie and Dwayne don’t have any pensions, but Rosie is collecting $2200 per month from Social Security. Soon Dwayne will also receive $1800 per month from Social Security as well. In about six years they will begin to receive a small annuity payment. Dwayne is the one providing human capital with his flexible part-time work online. This work contributes between $15-20,000 per year. He plans to continue working part-time for about six more years. Their financial capital includes $30,000 in after-tax assets, $680,000 in pre-tax assets, and $55,000 in tax-free assets. Build your net worth statement as you listen Listen in to hear what other kinds of assets Rosie and Dwayne have as we walk through building a net worth statement. When was the last time you updated your net worth statement? January is a great time to observe where you are financially so that you can marshall your resources to ensure that you can achieve your goals. As Rosie and I build her net worth statement you can too. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [4:20] Their social capital[6:30] Their human capital[7:35] Their financial capital[9:02] Their other assetsLISTENER QUESTIONS [15:54] A Social Security error - who to call?[19:36] What can Sarah do to get closer to retirement under less than ideal circumstances?[24:00] How to know if benefits will continue to increaseTODAY’S SMART SPRINT SEGMENT [26:56] Update your net worth statementResources Mentioned In This Episode SSA.gov - overpaymentSocial Security episodes 228, 229, 230, 231, 232Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Setting big goals is great, but they have to be the right goals or else they could become a trap. Rosie joins us again today to set her retirement goals. In this episode, you’ll hear her financial goals for her needs, wants, and wishes. We’ll discuss her financial expectations for each of these categories and how her goals fit into her values. Don’t miss out on this second episode of Retirement Plan Live. When you finish listening, head on over to LiveWithRoger.com to register for the live meet-up on February 2 where we will break down Rosie’s plan in detail and decide whether or not she’ll be able to live out her retirement dreams. Goals must be driven by values In the previous episode, you met Rosie and learned about her situation and her values. We start each Retirement Plan Live series with values because values are what drive our goals. If you set your goals up too rigidly or shoot for the wrong goals then you are working toward something without really desiring it.Goals are important to have because they framework of what you are trying to achieve. Listen in to learn how Rosie uses her values to drive her goals. What makes a base great life? What does it take to build a base great life? The base great life is the line in the sand that you can’t cross. It is what you need to have in place to secure a basic life worth living. Rosie estimates that it would take about $5000 per month (excluding healthcare costs) to live her base great life. Listen in to hear what she includes in her base great life and why this doesn’t mean eating rice and beans every day. Rosie’s wants and wishes Rosie values travel and would love to spend about $24,000 per year for the next 5 years on travel expenses. After that, she estimates that she would continue to travel but would slow down on spending but still spend around $15,000 per year for the following 8 years. Other discretionary expenses would include $10,000 per year on eating out more frequently and spending on loved ones. Adding in these extra wants and wishes would take Rosie and her husband about $117,000 per year. Follow along and create your own agile retirement plan This week, I encourage you to look at your retirement goals with fresh eyes so as not to limit your thinking. Really hone in on what it takes to build your base great life, then add in the layers that build up your wants and wishes. Shed away your inhibitions as you consider your wishes category.As you listen to Rosie’s journey, why not follow along for yourself? Make sure you are signed up for the 6-Shot Saturday newsletter to receive the corresponding worksheets for each episode. Every week during the Retirement Plan Live series we’ll send out a worksheet to help you work through each stage in the agile retirement planning process. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [4:03] What is a base great life?[10:45] Discretionary spendingLISTENER QUESTIONS [25:33] Can Tim’s wife retire?[32:37] Can Crimaud collect Social Security without a green card?[35:25] How to work in tithing in retirementTODAY’S SMART SPRINT SEGMENT [40:38] Revisit your needs, wants, and wishesResources Mentioned In This Episode Collecting Social Security in CanadaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Rosie and Dwayne retired in a bear market and now they wonder if they will have enough money to rock retirement. We will explore that question all month long in this Retirement Plan Live. Over the course of the next few weeks, you’ll learn about Rosie and Dwayne and their journey, their goals, their resources, and their investment strategy. Then we’ll wrap up this series together with a live webinar on February 2. Don’t miss out on the exciting finale, sign up at LiveWithRoger.com. Meet Rosie and Dwayne Rosie and Dwayne live a fairly simple lifestyle. They don’t own a big house or drive flashy cars. They don’t take lavish vacations or eat at fancy restaurants. Although they live simply they do have their own retirement dreams.When Rosie retired a year and a half ago she figured the worst of the Covid debacle was behind her. She had seen the flash bear market, but since then, the markets seemed to be doing well. Unfortunately, within a year of retiring, she watched her assets decrease by 25%. Now she is left wondering if she’ll ever be able to live out her retirement dreams. Rosie and Dwayne both worked in the IT sector before Covid hit. While Rosie was able to work from home, Dwayne was laid off and has since begun flexible part-time work. Working from home simply enticed Rosie to fully dive into retirement. What Rosie loves about retirement Rosie loves the time freedom that retirement brings. She has plenty to do to keep busy: spending her days with her grandkids, at the pickleball court, going to exercise classes, and cooking. Rosie is a natural organizer and creates a weekly plan complete with to-do lists. Enjoying the love of family and friends and traveling are what brings her joy and how she desires to spend her time in retirement. Rosie’s fears about retirement With Covid and the subsequent bear market, Rosie feels that she is missing out on fully enjoying retirement. She is very aware of the passing years and understands that time is precious. She feels frustrated that she may not have enough time to do all the things that she wants to do and go to all the places she wants to go. Her financial situation is much different than it was a year ago although that hasn’t caused her to change her spending habits. She’s trying not to let her emotions drive her decision-making. Rosie understands that she needs a clear mind and that she should stay the course that she and her husband laid out with their financial advisor. While she understands that logically, she is still concerned about their future.Over the course of this series, Rosie is looking for more input and a better understanding of what changes she needs to make to ensure that she can live out her retirement dreams. You can follow along with Rosie by using the Agile Retirement Planning process Follow along over the next four episodes to hear how we use the Agile Retirement Planning process to discover if she and Dwayne are really ready to live out their retirement dreams.As we work through this Retirement Plan Live series you can follow along and participate in your own retirement plan with the same helpful worksheets that Rosie is using to guide you on your way. Make sure that you are signed up for the 6 Shot Saturday email newsletter to get each week’s worksheet delivered to your inbox. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:35] Just say no to New Year’s resolutionsRETIREMENT PLAN LIVE [6:05] Let’s meet Rosie[15:17] What Rosie thinks about retirement so far[23:56] What makes her most frustrated[26:54] How retirement has been financially[30:45] Rosie’s top ten valuesLISTENER QUESTIONS [38:44] Is there an optimal balance among the allocation between tax categories[43:43] How to factor a whole life insurance policy into your retirement plan[47:51] The max limits to a 457 and 403B[50:42] Is it ever better to take Social Security at 62?TODAY’S SMART SPRINT SEGMENT [54:33] Make daily resolutions to improve your energy, work, and relationshipsResources Mentioned In This Episode Morningstar The Long View podcast #186 - Roger Whitney: Retirement Planning Is Not Financial PlanningRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This is our last episode of 2022, so naturally, there will be a bit of reflection alongside the practical planning and your listener questions. Kevin Lyles also joins me in the Coach’s Corner to discuss living your best life in retirement. Let’s noodle on what it means to live authentically and discover the answers to some fantastic questions that will help guide you on your retirement journey. Stick around until the end of the episode to hear my word for 2023 and how I plan to review my year. Be the author of your hero’s journey To be authentic literally means to be your own author. That’s what planning your retirement journey is all about. By building a framework to rock retirement you are writing your own story. I’m excited to wake up each day and help give you ideas to write your retirement story. By being the author of your own life you will be authentic and live without regret. To start the new chapter of your life consider where you are on your journey. The hero’s journey framework can help you navigate so that you can figure out what is important to you. Don’t miss the call to adventure The hero’s journey is a cycle of constant death, rebirth, and renewal. Some version of you has to die before you can become reborn into your new self. If you haven’t retired yet then you are still in Act One of the hero’s journey. In this first act you are being called to something other than your full-time career. Being called to an adventure can be a powerful force. It is a force so powerful that oftentimes our first response is to resist the call. However, if you embrace the call you can find mentors to help you along the way. These mentors can come in the form of books and podcasts and they can be people who are further along in their journey that you can look to answer questions along the way. Act Two requires a leap of faith To step into Act Two you must take the leap of faith. As you journey into retirement this means stepping away from your old life and into the unknown. Along the way, you’ll face allies and enemies, but you cannot know the trials and ordeals you will encounter throughout this adventure. You’ll need a framework to help you navigate Act Three In our Third Act of your hero’s journey, you will overcome the trials and ordeals, but only if you have a framework to help us along the way. This is where I come in. Building that framework to help you through the trials and tribulations of retirement is what this show is designed to help you do. I aim to be your mentor and ally along the way.Some version of this journey plays out in different ways throughout our lives. I’m excited to begin this new chapter with you. We’ll be focusing on building out the financial plan, but as you know, a financial plan alone isn’t the only thing you need to conquer this journey and rock retirement. I look forward to helping you build your retirement in the new year and beyond. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:24] The hero’s journeyCOACH’S CORNER WITH KEVIN LYLES [9:01] How to live your best life in retirementLISTENER QUESTIONS [19:07] What a yield curve is and why it matters[20:42] Should I take my pension lump sum now or later?[26:35] Ron’s experience living overseas[29:56] Use the Social Security website to help optimize[31:07] Can I take outside IRAs and roll them into my 401K?[35:22] What should Doug do to help his spouse handle finances when he passes[37:51] Whether to take small pensions now or laterTODAY’S SMART SPRINT SEGMENT [41:08] Choose your word for 2023Resources Mentioned In This Episode Joseph Campbell The Heroic AppRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Do you wonder what you’ll do with all your free time in retirement? Planning your time by filling your days with purpose and passion can help ease the stress that comes with the sudden emptiness of leaving behind a full-time career. On this episode of Retirement Answer Man, we’ll discuss how dabbling in a few different activities can help you find your purpose. You’ll also hear the answers to questions posed by listeners like you. Coming soon to a podcast app near you: Retirement Plan Live! Are you ready for the next Retirement Plan Live? Beginning January 4, we’ll return to our most awaited annual series. The next RPL will feature Rosie and Dwayne, a couple that retired with already constrained assets during a bear market. While helping Rosie create her feasible plan of record, I’ll also help her understand how to handle retirement in a bear market and what she can do next to help her through this challenge. If this will be your first Retirement Plan Live series, or even if you are a veteran RPL listener, I encourage you to listen to the entire series and join us for the live webinar at the end of January so that you can get a true sense of how the agile retirement planning process works. Filling your suddenly empty itinerary in retirement can feel daunting I recently had a conversation with someone who was considering holding off on retirement because they didn’t know what they would do without the routine of work in their lives. We begin our social conditioning from the time we start school. School helps to begin to define the external structures of our lives by giving us a place to go, a reward system, a social network, and a vacation structure. This system continues as we enter our working years which makes it a challenge to suddenly leave this lifelong system and venture into the unknown. Try dabbling in something new Since retirement completely blows up the structure and rhythm of life, it can be intimidating to step out into the unknown and venture forth without a plan. Having a purpose in retirement can help you transition into something new. However, not everyone knows what their purpose will be. Dabbling in a few areas can be one way to try out new interests. In the way that many kids dabble in various sports and artistic activities when they are young, we can do so as well as we approach retirement. By dabbling in a few different activities you can see what fits without becoming overly invested in one particular area. Should Suzy buy out her husband’s portion of their shared rental property? Suzy has been going through a divorce for the past several years and is ready to finally financially settle. One of their shared assets is a $4 million property that could be used as a short-term or long-term rental. The property needs about $500,000 worth of work and it would require a $2 million loan to buy her husband out, so she is trying to decide whether it makes sense financially to take on such a mortgage at this stage in her life. To ensure that Suzy makes the best decision she can, it is important for her to consider what she wants her life to be like in the future. There are multiple pathways we can take in life so it is important to envision your future before jumping into any permanent decisions. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:18] How to rock life outside the financial realm[11:03] What to do to set yourself up for some structureLISTENER QUESTIONS [13:25] What to do with Suzy’s rental property in her divorce[20:24] How the widow’s Social Security works[22:13] If I delay Social Security will I get the COLA increase as well?[23:55] Should I stop contributing to my 401K?TODAY’S SMART SPRINT SEGMENT [30:10] Dabble with somethingResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Are you curious about the changes that are coming next year on the Retirement Answer Man show? Today, you’ll have a sneak peek at one of our new segments: the Rock Life segment. Bobby Dubois joins me to discuss how to ensure that you have enough energy so that you can rock retirement. On this episode, you’ll also hear my holiday gift-buying suggestions as well as the listener questions segment. Don’t miss out on hearing what to do with a settlement, whether to file for Social Security if you are still working, and whether you should simplify your investments in retirement. Don’t miss this episode to hear the answers to these listener questions, get a preview of what’s to come next year, and to get some fantastic gift ideas. My holiday gift guide Buying and receiving gifts later in life can be challenging since many of us already have so much. I prefer to give experiences over anything else, but when an experience isn’t appropriate a game is my go-to gift. These are some of the games that I enjoy playing or might make great gifts for someone you loveSequence - easy enough for the whole family to enjoy Quix - a fast-paced dice gameEuchre - a midwesterner’s favorite Left Center Right - this can actually be played with dice or cards Ticket to Ride - a longer board game that’s worth learning Pictionary - great for parties Scattergories - another classic party game Kids Against Maturity - a twist on Cards Against Humanity that might be more appropriate for the family Play Nine - when golf meets cards Tri-Ominos - a triangular domino gameListen in to hear what our listeners recommend. One listener has a fantastic tip for learning new games. Should James apply for Social Security while still working full-time? James is still working and approaching full retirement age. He would like to apply for Social Security but continue to work yet he is confused by the whole process. There isn’t much information about collecting Social Security while working full time. An added complication is that signing up for Social Security will automatically enroll him in Medicare. However, he still has healthcare coverage through his employer and would like to continue his employer’s coverage. James is right. There isn’t much information about collecting Social Security and enrolling in Medicare while still employed full-time. And what is out there is really confusing. You can collect Social Security at full retirement age while still working. The financial ramifications may push you into a higher tax bracket. Boomer Benefits can help you navigate Medicare’s complexities One aspect of choosing to collect Social Security at full retirement age is that it will automatically enroll you in Medicare part A. Parts B and D can be delayed, but they must be turned on within eight months of leaving your employer-sponsored health plan. The good news is that Medicare part A will coordinate with your health insurance if you end up hospitalized. Since there are so many difficulties in navigating this question, I recommend that anyone in this situation contact a Medicare navigator like Boomer Benefits.Boomer Benefits is a company that deeply understands Medicare and the entire enrollment process. They don’t charge the consumer and aren’t trying to sell you anything–they are simply trusted advisors. They have numerous educational resources both on their website and on YouTube. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN GIFT BUYING GUIDE [1:34] Roger’s holiday gift buying guideLISTENER QUESTIONS [10:30] Should James file for Social Security if he is still working?[14:10] What to do with a settlement[23:10] Whether to simplify investments[29:20] If I just retired can I still make a Roth contribution?ROCK LIFE SEGMENT WITH DR. BOBBY DUBOIS [30:37] The 3 pillars to building energy in our lives[34:32] Intentionally observe what works for youTODAY’S SMART SPRINT SEGMENT [45:00] Go buy a game or experiment on yourselfResources Mentioned In This Episode Cozy Earth - enter RAM at checkout to receive a 35% discount!Boomer BenefitsBoomer Benefits on YouTubeWhoopOura RingStacking BenjaminsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center