Retirement Answer Man - Take Action Now for a Resilient Retirement

Take Action Now for a Resilient Retirement

02/12/25 • 48 min

1 Listener

Retirement Answer Man

💬 Show Notes

In this episode, we tackle the essentials of retirement planning with an engaging discussion led by Roger Whitney. We explore the importance of prioritizing what truly matters in your retirement journey and how to create a resilient plan that secures your desired outcomes. Roger emphasizes that retirement planning is merely a tool to achieve a fulfilling life, not the end goal itself. Joining him is Nicole Mills, who shares insights and updates on Six Shot Saturday and reads listener questions about retirement. Don’t miss this enlightening episode!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:30) Roger says retirement planning is not that interesting, but a means to an end.
(01:41) Roger challenges listeners to take action on what is talked about THIS week.

PRACTICAL PLANNING SEGMENT

(02:50) Retirement planning is a self-interested process.
(05:28) What questions do you want to answer in a healthy way?
(06:45) Now is the time to make sure you have a resilient plan.
(10:54) How do we make a plan resilient?
(18:30) Markets are at an all time high, don’t get overly optimistic.

LISTENER QUESTIONS

(20:05) Nichole Mills joins Roger on the show.
(20:45) We have some changes happening with Six Shot Saturday.
(22:22) Listener TJ asks about building a bond ladder as he gets closer to retirement.
(28:25) Jeff asks an optimization question about withdrawals from assets in retirement.
(31:37) DJ is a new retiree and asks how Roger determines whether to make withdrawals annually, semi-annually, quarterly, or monthly.
(36:30) Bill says he interviewed a financial planner and asks for clarification on fiduciary and non-fiduciary advisors.

ROCKING RETIREMENT IN THE WILD

(39:30) Roger talks about his new segment.
(40:45) Listener Jeff talks about his retirement, irrational fears of the unknown, and how his plan gave him confidence.

SMART SPRINT

(43:50) In the next seven days, if you are within three years of retirement, get a resilient plan of record in place.

BONUS

(45:40) Roger shares the next mission from his grandfather’s WWII journal.

REFERENCES

💬 Show Notes

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:30) Roger says retirement planning is not that interesting, but a means to an end.
(01:41) Roger challenges listeners to take action on what is talked about THIS week.

PRACTICAL PLANNING SEGMENT

(02:50) Retirement planning is a self-interested process.
(05:28) What questions do you want to answer in a healthy way?
(06:45) Now is the time to make sure you have a resilient plan.
(10:54) How do we make a plan resilient?
(18:30) Markets are at an all time high, don’t get overly optimistic.

LISTENER QUESTIONS

(20:05) Nichole Mills joins Roger on the show.
(20:45) We have some changes happening with Six Shot Saturday.
(22:22) Listener TJ asks about building a bond ladder as he gets closer to retirement.
(28:25) Jeff asks an optimization question about withdrawals from assets in retirement.
(31:37) DJ is a new retiree and asks how Roger determines whether to make withdrawals annually, semi-annually, quarterly, or monthly.
(36:30) Bill says he interviewed a financial planner and asks for clarification on fiduciary and non-fiduciary advisors.

ROCKING RETIREMENT IN THE WILD

(39:30) Roger talks about his new segment.
(40:45) Listener Jeff talks about his retirement, irrational fears of the unknown, and how his plan gave him confidence.

SMART SPRINT

(43:50) In the next seven days, if you are within three years of retirement, get a resilient plan of record in place.

BONUS

(45:40) Roger shares the next mission from his grandfather’s WWII journal.

REFERENCES

Previous Episode

Don't Fly by Feeling in Retirement

💬 Show Notes

In this episode, we explore the complexities of retirement planning amidst a rapidly changing economic landscape. Join us as we discuss the importance of having a structured decision-making process and avoiding unforced errors that could jeopardize your financial future. We also share insights on how to navigate uncertainty in the market and the significance of clarity in your retirement planning. Don't miss out on the actionable tips that could help you rock your retirement!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:55) In a couple of weeks Roger will talk with Tanya Nichols and do a recap of the Retirement Plan Live Series
(01:49) Roger talks about not flying by feeling through retirement for the practical planning segment this week.

PRACTICAL PLANNING SEGMENT

(02:15) A few weeks ago we had the announcement of the Chinese AI engine- Deepseek.
(03:45) The new presidential team is seemingly focused on a shock and awe strategy in changing the rules of government and economy.
(05:45) Roger uses driving to Colorado as an analogy to managing an uncertain economy in retirement.
(09:35) “We do not want to fly into retirement just by our gut.”
(10:14) What are the causes of unforced errors in general?
(13:40) What are some signs that you are not following a good process?
(16:00) The process that you have should be focused on defining the true objective.
(18:56) Next week Roger will talk about resilience.

LISTENER QUESTIONS

(19:30) Roger says all of this change is disruptive, and worrisome.
(20:00) We are going to share the 2025 important numbers worksheet in Six Shot Saturday.
(20:40) Listener Mary says it's better to be alone than wish you were.
(21:55) Clem says he learned the hard way that you are replaceable at work.
(25:40) Wade asks about managing real estate in retirement and how to find financial advisors.

ACTION IN THE WILD

(29:45) Roger got an email from listener Todd about the actions he has taken from listening to the podcast.

SMART SPRINT

(33:13) In the next seven days, write out, as specifically as possible, the pillars and steps in your retirement planning process.

BONUS

(35:38) Roger reads from his grandfather's WWII journal

REFERENCES

Show notes created by https://headliner.app

Next Episode

Retirement Plan Live Debrief with Tanya Nichols

💬 Show Notes

In this episode, we explore the essential questions of retirement planning with financial expert Roger Whitney and guest Tanya Nichols from Align Financial. They dissect the case studies of Laura and Nick, highlighting their unique approaches to retirement and how their lifestyles influence their financial decisions. Tune in for insights on spending, confidence in planning, and the importance of resilience in your retirement strategy!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:00) Stage one of retirement planning involves answering the central questions
(00:54) Today, Roger chats with Tanya Nichols about the Retirement Plan Live case studies.

DEBRIEF WITH TANYA NICHOLS

(02:40) Roger introduces Tanya Nichols with Align Financial.
(03:28) Roger and Tanya discuss Laura’s RPL plan.
(05:25) What risks are associated with having a lean spending plan?
(08:35) Once people realize they can achieve something, they pause and evaluate reality.
(09:58) Roger asks Tanya how she determines how hard to push clients when they're afraid of the next step.
(12:10) Tanya and Roger discuss Nick’s RPL plan.
(14:50) If you have a plan that is feasible and resilient, you will likely have an inheritance even if it isn't planned for.
(17:00) Roger talks about the importance of a resilient plan.
(21:18) Roger and Tanya compare/contrast Nick and Laura’s plans
(23:10) Roger asks Tanya how she incorporates current world events into retirement and life choices.

LISTENER QUESTIONS