Retirement Answer Man

Have you been wondering what retirement is like for real retirees out in the wild? With the success of our Retirement Plan Live series, we decided to try mini-case studies to learn more about what retirees like you are doing to rock retirement.

In this episode, you’ll hear some feedback from Sarah who asked a question on the show about a year and a half ago. Listen in to hear how she responded to the advice I gave. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN A MINI CASE STUDY

• [2:27] Sarah’s case
• [8:06] What you can do for you
• [10:01] A plan of record is the first step

LISTENER QUESTIONS

• [13:00] What should Lucas take into account as he prepares to pay off his mortgage
• [20:00] Investing in retirement with a pension
• [26:08] How Joe is incorporating the Die With Zero philosophy by gifting

ROCK LIFE WITH DR. BOBBY DUBOIS

• [28:24] What is rucking?
• [29:27] Why try rucking?
• [40:49] How do you get started rucking?
• [48:44] How to measure the benefits of rucking

TODAY’S SMART SPRINT SEGMENT

• [50:00] Go try rucking by walking with something on your back

Resources Mentioned In This Episode
Retirement Plan Live: Their Financial Resources - listen to Sarah’s question here
Go Ruck
BOOK - Die with Zero by Bill Perkins
BOOK - The Power of Moments by Chip Heath
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center

It seems like no matter how much we save we always have that nagging worry about whether it is truly enough.

One of our listeners is looking for ways to reduce the chances of running out of money in retirement. My response to his question may surprise you. Listen in to hear what I have to say about improving his retirement trajectory. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS

• [2:21] What can I do to ensure not run out of money in retirement
• [8:43] A rental property question
• [11:52] On Roths being separated in Fidelity
• [13:30] Can you roll over an old 401K into your current plan

CATCHING UP WITH JOELLE FROM THE 2022 RETIREMENT PLAN LIVE

• [17:05] Joelle has formed a social network in her new town
• [19:23] How her finances have fared over the past 2 years
• [24:44] How a 5-year cash cushion has given her peace of mind
• [30:56] How Joelle has learned to let go of having one right way to do things

TODAY’S SMART SPRINT SEGMENT

• [32:38] Enjoy your family

Resources Mentioned In This Episode
Retirement Plan Live with Joelle - Relocation For Retirement 416, 417, 418, 419
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’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 record

TODAY’S SMART SPRINT SEGMENT

• [30:07] Review these end-of-year housekeeping tips

Resources Mentioned In This Episode
BOOK - The Behavioral Investor by Daniel Crosby
BOOK - 48 Days to the Work You Love by Dan Miller
BOOK - Don’t Retire, Rewire by Jeri Sedlar
BOOK - Younger Next Year by Chris Crowley
BOOK - Stacked by Joe Saul-Sehy
BOOK - A Simple Plan to Wealth by J.L. Collins
BOOK - Winning the Loser’s Game by Charles Ellis
BOOk - The Retirement Income Guidebook by Wade Pfau
The Retirement Answer Man GoodReads group
Notion
Obsidian note-taking app
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center

Retirement planning has changed over the years, but has the industry evolved to keep up?

Your retirement needs are much different from those of your parents' generation. This is why it is important to focus on retirement planning in a holistic way rather than from solely a financial perspective.

Morningstar’s Christine Benz joins me today on this episode of Retirement Answer Man. This seasoned retirement journalist shares her thoughts on the state of retirement planning, long-term care, investing in retirement, and what encompasses true retirement planning.

Listen in to gain more perspective as you navigate your retirement journey. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH CHRISTINE BENZ

• [4:55] The state of retirement planning as a process
• [18:30] The state of investments for retirement planning
• [22:16] The state of long-term care
• [25:26] How to begin to plan for retirement decumulation

LISTENER QUESTIONS

• [30:45] About opening a Roth for a child
• [32:51] How to create a 5-year income floor with financial capital
• [37:11] On using bonds to fund the 5-year income floor
• [41:44] Should you keep investment accounts under the FDIC and SIPC limits?
• [46:30] Should I have a Simple IRA and Solo 401K?

TODAY’S SMART SPRINT SEGMENT

• [50:00] Understand what this year’s retirement contribution levels are

Resources Mentioned In This Episode
BOOK - More than Enough by Mike Piper
BOOK - Die with Zero by Bill Perkins
Morningstar Christine Benz
The Longview Podcast
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center

Today you’ll meet Mark–half of our newest case study for Retirement Plan Live. Mark and Mary are a year and a half into their new marriage and are trying to figure out how to plan the rest of their lives. On this episode, you’ll learn about Mark and his aspirations and concerns for their life together.

In the next episode, you’ll meet Mary, in week three we’ll discuss their goals, the following week we’ll look at their resources, and finally, we’ll see how they manage their cash flow and learn who pays for what.

Make sure that you’re signed up for the live webinar on February 1 at 7 pm CST. In this webinar, you’ll get to see how everything panned out for Mark and Mary. To sign up, head on over to LiveWithRoger.com and mark it on your calendar. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN MEETING MARK

• [3:30] What motivated Mark to volunteer for this case study
• [9:15] Mark loves spreadsheets
• [15:26] How they merged their lives

BRING IT ON WITH DR. BOBBY DUBOIS

• [22:54] Should you do a broad spectrum of tests?
• [24:10] Why you should or shouldn’t do these tests
• [38:10] Why I did some screenings
• [46:51] How to do screenings productively

TODAY’S SMART SPRINT SEGMENT

• [50:24] Organize the tests you’ve had from your doctor

Resources Mentioned In This Episode
Function Health
BOOK - Outlive by Peter Attia
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center