Retirement Answer Man

💬 SHOW NOTESIn this episode, we focus on empowering you to navigate retirement with confidence. We break down the process of reading a Social Security statement, examining each section and its significance. Additionally, we tackle listener questions regarding retirement strategies, second mortgages, and Roth conversions. Join us for practical insights that will help you make informed decisions as you approach this new chapter in life.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today on the show we are going to walk through how to read a social security statement.(01:10) Roger talks about doing extensive blood work every year and the similarities between the protocol of blood tests and retirement planning.PRACTICAL PLANNING SEGMENT(09:52) Sign up for the Noodle to watch a video of Roger walking through the Social Security statement.(10:30) Roger breaks down the Social Security statement section by section- go to SSA.gov to get a pdf version of your statement.(17:07) Roger reads through a few of the Important Things to Know bullet points on page two of the statement.LISTENER QUESTIONS(21:21) Jeff asks if there is any difference in retirement strategy if he decides to delay retirement until age 70.(25:22) Mary says she is going through a divorce at age 63 and recently started listening to the podcast to educate herself on retirement and asks for advice for finding a retirement planner.(29:36) Julie says her husband is looking at sudden retirement at age 59 ½. She wants to know if there are any episodes or resources Roger can direct him to to get a great overview of retirement. (32:48) Joy has a question about ROTH conversions.SMART SPRINT(34:18) In the next seven days, make sure you have your most recent Social Security statement.REFERENCES Submit a Question for RogerSign up for The NoodleThe Retirement Answer ManSocial Security AdministrationFOLLOW US ON SOCIALS!Follow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode of the Retirement Answer Man, Roger Whitney sits down with Peter Lazaroff, Chief Investment Officer at Plancorp, for a thoughtful conversation on the power of simplicity in retirement planning. Together, they unpack the common traps of overcomplicating investments and the cognitive biases that often lead us astray. Peter also offers valuable insights into private equity and other complex investment strategies—highlighting when they might help, and when they might hurt. Don’t miss this episode if you're looking to build a retirement plan rooted in clarity, confidence, and peace of mind.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today Roger chats with Peter Lazaroff about bringing simplicity to retirement planning strategies.(02:44) We tend to overcomplicate everything when it comes to retirement planning.(04:09) Complexity makes us think something is better or more sophisticated.(05:35) “Anything one needs to market heavily is either an inferior product or an evil one.”- Nassim TalebROCKIN’ RETIREMENT IN THE WILD(06:22) Todd shares reflections on why he travels in retirement.INTERVIEW WITH PETER LAZAROFF(10:16) Think of your assets that you need to rock retirement in their own bucket, if you have excess- put it in its own bucket.(11:05) Complex investments are just active managers in a different wrapper.(11:45) Peter Lazaroff joins Roger to discuss retirement investing and private equity.(12:25) Peter discusses his books and announces that he has a new one coming out in 2026.(15:00) The core intent of retirement planning is to have core confidence that you can live the life you want now, but also when you're ninety.(15:51) Ultimately the goal in retirement planning is elegant simplicity. (20:00) Peter reflects on the business of investing.(23:02) Investing creates an illusion of control.(26:38) Peter discusses the benefit of simplicity and how it helps living heirs when it is time to settle an estate.(28:33) Roger chats about an executive order paving the way for private equity to become part of 401ks.(30:08) Peter talks about the steps of the probabilistic decision framework.(35:48) From 2020 to present, private equity has not added return over public equity.(38:30) If the yield is high and you can’t find the risk, it doesn’t mean it's not there.(42:08) Private investments are not inherently good or bad, but they are not necessary and can add complications.(42:50) Peter shares an example of complexity that he would be more welcome to.(47:25) If you don’t believe in traditional active management- you should be out on private investments.SMART SPRINT(48:00) In the next seven days, choose one area—retirement planning, investments, or any aspect of life you want to improve. Before adding anything new, ask: What can I remove or simplify first?REFERENCESPlancorp- Your Financial Life AdvocatePeterLazaroff.com: Free BookBOOKSScarcity Brain- Michael EasterAntifragile: Things That Gain from Disorder- Nassim Nicholas TalebMaking Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever- Peter LazaroffFOLLOW US ON SOCIALS!Follow Us on FacebookFollow Us on Instagram

💬 Show NotesIn this episode, we explore the intricacies of navigating Medicare in 2025 with Medicare expert Danielle Roberts from Boomer Benefits. Discover the recent changes in Medicare Advantage and Part D plans that could impact your healthcare decisions. We also share inspiring stories of individuals embracing life in retirement and discuss the importance of reviewing your Medicare options annually. Tune in for valuable insights and practical tips to ensure you make the best choices for your health coverage!OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today on the show, we are going to explore how to navigate Medicare in 2025ROCKIN’ RETIREMENT IN THE WILD(01:30) Roger shares a story from a listener who was “jolted” into action.(03:00) Jamie says she plays mahjong with a group of retired ladies and started a book club.PRACTICAL PLANNING SEGMENT(04:55) Roger introduces Danielle with Boomer Benefits to chat about Medicare(05:25) What is the state of Medicare right now?(10:25) How important is it to pay attention to the annual notice of change?(12:15) What are the key things to pay attention to when they get these notices?(17:41) Medicare Advantage is heavily marketed and people have strong opinions about Medicare Advantage versus original Medicare.(25:05) Roger talks about the company- Boomer Benefits.(26:40) What is the service level of Boomer Benefits? What kind of support do you get after you enroll?LISTENER QUESTIONS(31:26) Visit Askroger.me to submit questions.(31:46) Terri asks for reputable sources for buying health insurance after retirement.(35:40) Beth asks a question about the Affordable Care Act and putting contributions into an HSA account without an employer deduction. SMART SPRINT(38:36) In the next seven days, put a date on your calendar for October to review your healthcare coverageBONUS(39:30) Roger shares about what he has been doing in Colorado for the last three weeks.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManBoomer BenefitsMedicare.govInflation Reduction ActHealthcare.govFOLLOW US ON SOCIALS!Follow Us on Facebook!Follow Us on Instagram

💬 SHOW NOTESIn this episode, we explore the implications of the saying 'nothing is for free' in the context of retirement planning. Join Roger Whitney, a seasoned retirement planner, as he shares a heartfelt story from a listener, David, who exemplifies the spirit of 'rocking retirement.' Additionally, Roger tackles the critical question of whether to accept a free retirement analysis from brokers, discussing the potential costs and consequences involved. Tune in for insightful advice on navigating your retirement journey with confidence!OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Roger Whitney: This podcast is dedicated to helping you rock your retirementROCKIN’ RETIREMENT IN THE WILD(01:06) David emailed in saying he and his wife are leaning into rocking retirement.PRACTICAL PLANNING SEGMENT(03:00) Our title question today came from Phil- he wants to know if it is worth going through free retirement analysis.(07:15) What are some of the cautions or things you want to understand about free retirement analysis?LISTENER QUESTIONS(13:37) Doug shares feedback about my Smart Sprint on being present.(15:11) Rick says he'd like to simplify portfolio.(19:30) Cliff sent in a question about stress testing your retirement plan.(27:09) Dave has a question about moving a 401k to an independent advisor upon retirement.(32:55) Bob asks which retirement plan should you use first: Social Security or savings.SMART SPRINT(38:10) In the next seven days, pay attention to “free” offers—whether it’s a retirement analysis, discount, or credit card perk—and notice the hidden costs or unintended consequences that may come with them.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManFOLLOW US ON SOCIALS!Follow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode, Roger explores how naming and recognizing the different phases of life can bring clarity to the retirement journey. A listener’s question about inherited money sparks a conversation about direct indexing—what it is, when it makes sense, and what to watch out for. He also shares how to navigate calm, choppy, and rough waters in retirement planning so listeners can move forward with more confidence and control.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today we will talk about direct indexing and answer some more of your questions.(01:04) Roger talks about acknowledging and naming things in life.(04:19) There are four levels that Roger wants to acknowledge with clients- calm waters, choppy waters, rough waters, and change of course.ROCKIN RETIREMENT IN THE WILD(08:55) Brian says he focuses on spending time with family in retirement.(09:20) Don says electric bikes are game changers.PRACTICAL PLANNING SEGMENT(10:30) John asks a question about direct indexing.(13:17) Direct indexing is when you buy the individual stocks of an index in your own account instead of a fund, allowing for tax benefits and customization but with more complexity.(16:32) Should you do this if you are concerned about taxes? What are the benefits? The drawbacks?(20:38) Roger says exchanging traded funds has some advantages over indexing.LISTENER QUESTIONS(21:20) Scott has a follow up question about getting a mortgage in retirement.(28:45) An anonymous listener says it's too late for long term care and wants a recommendation for a low risk investment.(35:40) Our next question comes from John related to being an executor for an estate.(39:17) Dan asks a question about rebalancing.SMART SPRINT(43:46) In the next seven days, take a small step by naming the season of life you’re in—calm, choppy, rough, or changing direction—so you can better focus your energy on where to lean in right now.UP NEXT(44:40) Next week Roger chats with Tanya Nichols on the show and answers some of your questions.REFERENCES Submit a Question for RogerSign up for The NoodleThe Retirement Answer ManFOLLOW US ON SOCIALS!Follow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode, Roger Whitney welcomes elder law expert Kathy McNair to discuss the often-overlooked but crucial topic of elder care, especially for those retiring solo. They explore what elder law really means, how it differs from traditional estate planning, and why having the right legal documents—like healthcare proxies and powers of attorney—is vital for protecting your future and legacy. Alongside practical insights on guardianships and conservatorships, Roger shares a fresh perspective on gratitude and contentment as essential mindsets for a meaningful retirement. Plus, he answers listener questions and wraps up with a special personal announcement.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today on the show, we are going to start exploring elder care with an expert in the area, Kathy McNair.(01:06) Let’s talk about gratitude and contentment.ROCKIN RETIREMENT IN THE WILD(04:40) Roger and Kimberly are embracing retirement as an opportunity to live fully and give back and reconnect with things that matter most.INTERVIEW WITH KATHY MCNAIR(06:26) Roger introduces Kathy, an elder attorney and founder of seniorsolutionsinfo.com and SoloAllies.com(08:16) Kathy explains elder law and talks about her background.(10:20) What is the difference between a guardianship and a conservatorship? (12:00) Roger says one of his clients has a question about his aging mother and how to approach the situation.(17:26) Is a power of attorney enough when someone is not cognitively capable?(21:33) Kathy talks about starting SoloAllies.com.(25:35) For seniors who are aging without close family, the key is to start building your team while you’re still healthy and capable. (31:30) The hardest role to solve sometimes is the healthcare proxy role.LISTENER QUESTIONS(33:07) Submit questions on AskRoger.me.(35:45) Joe asks a question about the interview with Charles Ellis.(42:30) Joe asks “Can you explain some comments in Charles Ellis book?”(45:00) Brian says he’s thinking of doing an NUA with company stock.SMART SPRINT(49:13) In the next seven days, pick an activity and don’t listen to music or a podcast or anything. Be Present.BONUS(49:00) Roger explains that Agile Retirement Management has merged with Align Financial.REFERENCESSoloAllies.comKathy McNair- SeniorSolutions.comSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManFOLLOW US ON SOCIALS!Follow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode, Roger Whitney returns after a month off, ready to help you rock your retirement! He answers listener questions on a range of topics, including the benefits of choosing between Fidelity and Vanguard, the Rule of 55 for 401(k) withdrawals, and inherited IRA distributions. Roger also chats with  discusses the importance of finding the right retirement coach. Join us for practical advice and insights to help you navigate your retirement journey!OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Roger Whitney answers your retirement questions on today's showROCKIN’ RETIREMENT IN THE WILD(01:08) Brian says he and his wife are playing pickleball during retirement.CHAT WITH KEVIN LYLES(03:30) Roger talks to Kevin Lyles about a financial advisor versus a retirement coach(06:29) How does someone determine if they need an advisor or a coach?(10:15) Define what you are looking for before finding a coach.(12:44) A good coach will listen and have good intuition about what is really going on.LISTENER QUESTIONS (14:47) Barb says she was thinking of moving her Fidelity assets to Vanguard.(21:44) Mark has a question about the Rule of 55.(25:53) Craig asks a question about an inherited IRA(27:54) Scott says he has discovered something about TSP withdrawals.(30:53) An audio question about my Switzerland interview with Scott from a few weeks backSMART SPRINT(32:05) In the next seven days, define something you would like to do and find one person who has done this thing.BONUS(35:00) Roger reflects on how he is going to spend the next 5 weeks.REFERENCESThe Retirement Collective- BookThe Retirement Coaches AssociationSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManFOLLOW US ON SOCIALS!Follow Us on Facebook!Follow Us on Instagram

In this episode, Roger Whitney welcomes Michael Easter, New York Times bestselling author of 'The Comfort Crisis' and 'Scarcity Brain.' They delve into the concept of overcoming frugality and the evolutionary mismatches that affect our resource management in retirement. Discover how short-term discomfort can lead to long-term growth, the importance of taking the stairs in life, and the psychological implications of our modern abundance. Tune in for insights that can help you not just survive retirement, but thrive in it!*Episode originally aired March 27, 2024OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN[01:04] Today we have Michael Easter, author of Scarcity Brain, on the show.PRACTICAL PLANNING SEGMENT WITH MICHAEL EASTER[02:20] Roger introduces Michael Easter to the show[03:14] The Comfort Crisis falls into the Energy Pillar- building energy so you can show up for your life.[04:30] Roger asks Michael what his objective was in exploring the Comfort Crisis[09:40] Why is it a bad thing to be comfortable?[12:40] How do we start being more uncomfortable?[16:11] The Scarcity Brain falls into the Vision Pillar.[18:00] Why do we have a constant feeling that we don’t have enough?[25:25] Quantifying goals is not always the best thing to do.[29:01] Michael defines what the scarcity loop is.TODAY’S SMART SPRINT SEGMENT[33:21] In the next seven days, take the stairs! Do something that most people don't do.RESOURCESBOOK - The Comfort Crisis by Michael EasterBOOK - Scarcity Brain by Michael EasterStutzRock Retirement ClubFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

In this enlightening episode, we tackle the often overlooked mental shift required in retirement: transitioning from a saver to a spender. Join us as we revisit a compelling conversation with Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisory Services. We'll explore the psychological barriers many face in letting go of frugality and how to embrace the resources they've accumulated to enhance their lives. Discover practical strategies to gain confidence in spending, overcome the fear of uncertainty, and ultimately, live a fulfilling retirement without the regret of dying with too much money. Tune in for insights that could transform your approach to retirement!*This episode originally aired March 20, 2024OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN[00:30] Overcoming frugality is a major crisis for many in retirementINTERVIEW WITH DAN CROSBY[01:19] Roger introduces Daniel Crosby.[02:50] How do we overcome frugality?[04:30] There are a lot of behavioral things that change when you leave full-time work.[09:45] How to gain confidence in the midst of uncertainty.[17:22] People are wired to avoid regret.[18:01] What are some basic things people can do to overcome frugality?[22:16] You can't undo 40 years of programming in 4 minutes- experiment with behavior and small commitments.TODAY’S SMART SPRINT SEGMENT[25:15] In the next seven days, I challenge you to examine your retirement plan and ask yourself- is there something else I should add that’s important to my life?RESOURCESBOOK - The Soul of Wealth by Dan CrosbyBOOK - The Top 5 Regrets of the Dying by Bronnie WareBOOK - Die with Nothing by Bill PerkinsRock Retirement ClubFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

In this episode, we explore the journey of retirement through the eyes of Brad, a member of the Rock Retirement Club. Brad shares his experience of moving to The Villages in Florida, detailing his decision-making process, the community's offerings, and how it has transformed his retirement lifestyle. Join us as we uncover valuable insights and tips for anyone considering retirement living, all while enjoying the vibrant atmosphere of this unique community.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MANA MINI CASE STUDY[01:30] Roger introduces Brad and asks how he discovered The Villages Retirement Community in Florida.[09:30] Roger asks Brad what led them to explore 55+ communities.[11:35] Brad explains how The Villages community is organized.[19:14] Roger asks Brad what advice he would give to someone exploring places to retire.TODAY’S SMART SPRINT SEGMENT[22:09] In the next seven days, think about where you are going to live in retirement.RESOURCESThe Villages CommunityRock Retirement ClubFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

All of July we will be replaying some of our popular past episodes. In this episode, we engage with retirement planning expert Michael Kitces as we explore the evolving landscape of retirement planning. Discover the importance of flexibility in retirement spending and how to select the right retirement planner for your needs. We also discuss the implications of dying with too much money and the critical questions you should ask when interviewing potential advisors. Tune in for insights that will empower you to not just survive, but truly rock your retirement!OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(0:00) The key to finding a retirement planner is to find someone that puts YOU and not your money in the center of everything.(00:45) Today we have a replay of last year's interview with Michael Kitces.INTERVIEW WITH MICHAEL KITCES(02:11) Roger introduces Michael Kitces and chats about flexibility.(13:30) Michael says as a professional, he does not want to have a client fail on his watch.(19:21) Roger says the quote that comes to mind when he thinks about retirement planning is: “You’re never going to be exonerated from uncertainty, pain, or the need to do work” Stutz(24:00) Most people understand that change is to be expected.(29:05) Michael talks about risk tolerance.(32:55) Michael reflects on the question “How do we help clients actually make better decisions?”(33:51) Tips on how to choose a retirement planner.SMART SPRINT (45:55) In the next seven days, evaluate the quality of your process for making decisions in retirement.RESOURCESBOOK - Die with Zero by Bill PerkinsBOOK - It’s Not Complicated by Rick NasonKitces.comBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning CenterFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

All July long, we’re featuring a special replay series of standout episodes—and this week is no exception.Join us for a special episode as we welcome Christine Benz to discuss her book, "How to Retire." In a captivating conversation in the Rock Retirement Club, we dive into topics like long-term care, the 4% rule, investing strategies, and simplification. Featuring insights from Fritz Gilbert, a member of the club and contributor to Christine's book, this episode offers a holistic view of retirement planning. Discover how to balance financial and non-financial aspects for a fulfilling retirement journey.*Episode Originally Aired December 4, 2024*OUTLINE OF THIS EPISODE OF RETIREMENT ANSWER MAN(00:55) We are going to play some past impactful episodes for the whole month of July INTERVIEW WITH CHRISTINE BENZ(01:28) Today we start off the month with a replay of our interview with Christine Benz.(03:17) Roger asks about the goal for the readers of this book.(04:48) Christine: The goal was to cover retirement in a really holistic way and include as much non-financial as financial information on retirement planning.(06:10) Roger thinks the interview style of the book helped make it more approachable.(08:13) Roger asks Christine about any big, unexpected insights that came up when she was writing her book.(11:12) Fritz Gilbert says I give Christine serious kudos for the approach she took and the amount of homework she did.(12:35) Christine tells Fritz that she loves his methodical approach to dealing with the years leading up to retirement.(14:16) Marla asks Christine if she would change anything if she was writing this book today to accommodate the 2024 election results and also asks about managing portfolios on Morningstar.(18:15) Roger says when it comes to portfolio construction, it's easy to overcomplicate things(21:14) Larry asks Christine what challenges her or confounds her most about her own retirement planning.(23:35) Larry asks “Are you concerned that we may not find people to provide long term care?”(31:08) Kevin Lyles asks Christine about asset allocation in retirement.(37:55) Laura asks: When talking about high quality bond portfolios, do bond funds work?(42:00) Roger asks about indexes and broad diversification. (44:37) Roger says someone had a comment related to some of the research on small cap value and asks Christine her view on having a more diversified small cap value tilt?(48:19) Eric asks “what is the argument for using TIPS (Treasury Inflation-Protected Securities)  for retirees?” (51:28) Roger asks Fritz if he has been simplifying his portfolio or working more on optimization since retiring in 2018.(53:52) Roger says the optimization part of retirement sometimes dominates the conversation.(54:44) Roger asks Christine: Have you found in your own life a balance between making sure you don’t get too complicated in investments?(57:55) Brianna asks Christine what question she has been reflecting on after the 20 interviews?(58:45) Christine she’s been thinking more about whether the concept of retirement is flawed.BONUS(01:01:26) Roger reads an excerpt from his grandfather's WWII journalResources Mentioned In This EpisodeWade PfauMorningstar The Retirement Manifest- Fritz GilbertDaughterhood.orgChristine BenzSix Shot SaturdayBOOKSHow to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement - Christine BenzBeing Mortal: Medicine and What Matters in the End - Atul GawandeKeys to a Successful Retirement: Staying Happy, Active, and Productive in Your Retired Years - Fritz GilbertRock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future - Roger Whitney

💬 Show NotesThis week on the Retirement Answer Man show, we kick things off with a couple of Rockin’ Retirement in the Wild stories from listeners living out their retirement dreams. Then we dive into a mini case study from a listener recently laid off who’s wondering if early retirement is on the table, we’ll walk through the numbers and stress test his plan. We wrap up our month of travel talk with a fun chat with Chris and Cathy about their retirement adventures and how they’re making the most of their freedom to explore. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) In this episode, we wrap up our travel reflections and explore a listener's question about the pros and cons of retiring at age 59.(01:40) Looking ahead, July will feature 'Best of' episodes of the Retirement Answer Man podcast and August will focus on listener questions.ROCKIN’ RETIREMENT IN THE WILD(02:50) Rock Retirement Club member, Pete, has a podcast called Retiring with Enough and that podcast just hit episode 150.(04:04) Listener, Adrianne, sent in a letter about rocking retirement.LISTENER CASE STUDY(04:45) An anonymous listener reached out to share that he’s considering early retirement after a job loss caused by the downturn in the automotive industry. Today, we explore whether he can make it work.(09:20) A breakdown of the listener’s financial situation.(13:35) We have to make some assumptions about investment and will use software to simulate different scenarios.(17:00) Let’s look at the results- a feasible plan is not necessarily resilient. (19:40) Let’s do some basic stress testing to see how your plan holds up when life throws curveballs.TRAVEL STORIES WITH CHRIS AND CATHY(24:52) Two recent retirees, Chris and Cathy, have focused on domestic travel now that work is out of the way.(29:10) Roger: What was one moment that stood out from your entire trip that stands out for each of you?(31:45) Roger: Do you two talk when you're on road trips or do you audiobook or something?(32:23) Chris and Cathy said they retired together and knew they wanted to go back to Jersey.(33:21) Roger: How did you adjust to being together 24/7?(34:55) Chris and Cathy discuss how they will approach travel in retirement. (36:17) Roger: Over a twelve month period, what percentage of time do you travel? And what is the pull to travel so much?(39:36) Roger: Do you think this three months a year travel cycle is a season or do you think this is a new identity as explorers?(42:05) Roger: What tips or suggestions would you give to others who have never traveled internationally or have never planned a big road trip?(46:55) Roger: What is it internally that travel you feel adds to your life?SMART SPRINT(48:19) In the next 7 days, confirm that you have at least two years of safe assets, cash or short-term reserves, to cover your lifestyle expenses not covered by income. Even if your plan looks feasible on paper, test its resiliency. Would it hold up if the market took a hit tomorrow?BONUS(48:55) Now that we’ve finished my grandfather’s journal, to end the show I will share things I’m geeking out on. Today: electric bikes.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManRetiring with Enough Podcast with Dr. Peter GuidryTRAVEL WEBSITESFree Range Fun Hogs- Travel BlogFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode, we tackle the intricacies of retirement planning and the importance of trusting your financial projections. Join us as we explore the concept of 'productive paranoia' and how it can help you avoid costly errors in your retirement strategy. We'll also hear a heartfelt travel story from Scott, who shares how he embraced international travel after a significant life change. Don't miss this enlightening discussion that will empower you to take charge of your retirement journey!OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) This show is dedicated to helping you have the confidence to rock retirement.(01:15) How do you have confidence in your retirement plan?(04:44) How do you quality check your plan?(05:07) Let’s start by talking about the concept of productive paranoia from Jim Collins’ Great by Choice—a mindset of staying hyper-aware, building buffers, and zooming out for perspective to strengthen your retirement plan even when things seem to be going well.(07:09) Quality checking a retirement plan means making sure the inputs and results align with your goals.(08:33) What are the most common unforced errors?(12:21) What are some of the obstacles to quality checking your plan?(13:30) How do we quality check a retirement plan using metacognition?(19:30) What is the benefit of reading your goals out loud?(22:45) Another tactic is running your plan through another system.INTERVIEW WITH SCOTT (24:40) Roger continues talking about traveling in retirement.(26:20) Roger reads an email from his client Larry, an avid RV traveler.(28:30) Roger introduces Scott for a conversation about international travel.(34:30) Scott shares thoughts about both solo and group travel.(39:30) Scott talks about traveling after his wife of 30 years passed away.(41:25) Some people feel intimidated being the third wheel even when they're invited(43:50) Roger says he is really interested in the micro communities of people who are comfortable enough to travel together.(47:55) Roger asks Scott what advice he would give to people to embrace single traveling.(50:30) Roger reflects on how we often overlook the beauty of our own surroundings and asks Scott what deeper meaning travel holds for him in retirement.SMART SPRINT(53:20) In the next seven days, quality check your plan of record using some of the tools we talked about.BONUS(53:50) Roger reads the last entry in his grandfather’s WWII journal.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManBOOKSGreat by Choice: Uncertainty, Chaos, and Luck- Why Some Thrive Despite Them All- Jim CollinsTRAVEL WEBSITESFree Range Fun Hogs- Travel BlogRick StevesFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode, Roger Whitney dives into the essential elements of not just surviving, but thriving in retirement. We kick off with a listener's story about the challenges of early retirement and the important questions that arise during this transition. Then, we shift gears to a practical planning segment on how to rebalance your retirement portfolio as life and market conditions change. Lastly, we hear from Karen and Shannon, two adventurous retired women, as they share their inspiring experiences traveling internationally and building confidence in their new lifestyles. Tune in for insights that can help you rock your retirement!SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) This show is dedicated to helping you rock retirement.(00:54) Next week on the show we are going to talk about how to quality check your retirement plan.ROCKIN’ RETIREMENT IN THE WILD(01:34) A listener sent in an email about her retirement experience.PRACTICAL PLANNING SEGMENT(04:50) In the practical planning segment, Roger reviews how to rebalance your portfolio in retirement.(06:30) What is rebalancing, and why does it matter in retirement?(08:30) How often should you rebalance your portfolio?(09:20) Step 1: Review your actual spending compared to your plan of record.(11:03) Step 2: Adjust or update your projected spending for the year ahead.(13:30) Step 3: Refresh your income estimates and update asset values.(15:19) Step 4: Run a feasibility check—use Monte Carlo simulations or your household balance sheet.(16:01) Step 5: Test your plan’s resilience and update your allocation strategy.(18:45) Step 6: Consider your contingency fund—how much cushion do you need, and how will you refill your 5-year income floor?INTERVIEW WITH SHANNON AND KAREN ABOUT TRAVELING IN RETIREMENT(22:51) Roger talks with Shannon and Karen about traveling internationally in retirement as single women.(31:10) You had several hurdles to overcome.(33:13) Karen says she likes traveling with a group and hiring individual guides.(37:05) Newer tours are much more curated and intimate than they used to be.(42:25) What advice would you give to someone who is single and nervous about traveling internationally alone?SMART SPRINT(47:34) ​In ​the ​next ​seven ​days,​ schedule an hour to an hour and a half during the third quarter of the year for a “retirement rebalancing meeting,” clearly outlining your plan on your calendar so you can prepare and follow through effortlessly.BONUS(48:30) Roger reads from his grandfather’s WWII journal.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManTRAVEL WEBSITESThe History Chicks PodcastZingerman’s Food ToursRoad ScholarFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

💬 Show NotesIn this episode, we explore the joys and motivations behind traveling in retirement. Join us as we discuss why travel is a common goal for retirees, featuring insights from Andrew Motiwala, founder of A Good Life Abroad. Discover how to enhance your retirement travel experiences and learn about the various obstacles retirees face when planning their adventures. Tune in for inspiring stories and practical tips to help you feel 'awake' and engaged in your retirement journey!SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:35) Today on the show, we're going to talk about how to improve retirement travel.ROCKIN’ RETIREMENT IN THE WILD(02:26) Two quick rocking life in retirement stories.TRAVEL IN RETIREMENT(04:22) Why do we want to travel in retirement? (10:25) When we're thinking about traveling, what are obstacles?(13:11) Roger talks about types of travel to perhaps overcome some obstacles.(14:00) There are lots of travel opportunities in the United States or even regionally if International travel is too much.INTERNATIONAL TRAVEL WITH ANDREW MOTIWALA(17:22) Roger chats with Andrew Motiwala- the founder of Good Life Abroad.(20:35) The Good Life Abroad helps people live abroad in a vetted curated apartment for a month or two at a time with on the ground support.(24:00) What are the advantages to using The Good Life Abroad versus booking it all yourself?(25:33) Roger asks Andrew his opinion about why people want to travel in retirement.(30:05) Roger asks what people do that take travel to a whole new level?(31:13) What percentage of people who use Good Life Abroad are solo travelers?SMART SPRINT(32:30) In the next 7 days, go somewhere new in your own zip code. Try a new park, museum, trail, or even a local brewery. Step outside your usual routine and give your brain a spark. BONUS(33:01) Roger reads from his grandfather’s WWII journal.REFERENCESRegister for my LIVE WebinarsSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManThe Good Life AbroadFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on InstagramShow notes created by https://headliner.app

💬 Show NotesIn this episode, we wrap up our series on Process Over Panic by focusing on what truly deserves your attention in retirement planning. Plans change, life surprises us, and retirement is unpredictable. But a solid planning process — one you revisit and refine — will help you rock retirement. Join us for an insightful discussion that includes practical advice, personal anecdotes, and answers to listener questions. SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) In this episode, we wrap up our Process Over Panic series by focusing on what truly deserves your attention in retirement planning. Inspired by Eisenhower’s quote — “Plans are worthless, but planning is everything” — we explore why your process, not your plan, is what will carry you through retirement with confidence.ROCKIN’ RETIREMENT IN THE WILD(01:50) Roger shares a heartfelt retirement message through a set of creative prompts sent by a clientPRACTICAL PLANNING SEGMENT(03:40) What should you pay attention to?(04:50) When you are doing retirement planning, you are planning for the future- something totally unpredictable.(06:31) What deserves your attention in retirement planning?(08:04) What is the intent of retirement planning?(09:13) What are the obstacles to achieving our intent?(13:10) Roger talks about how his experience in retirement planning gives him confidence.(13:50) The Four Pillars of Retirement Planning help to build a flexible map for retirement.(17:58) Roger explores the concept of the “Retirement Plan of Record” as a living document—not a one-time decision. Just like in relationships, decisions made once can lose their relevance over time if not revisited and reinforced.(19:25) Roger goes back through the Four Pillars to talk about how often you should revisit them.(24:10) Real-life reactions can reveal mismatches between theory and reality.(25:06) Roger recommends compartmentalizing your retirement planning.LISTENER QUESTIONS(27:30) John says he didn’t like how Roger said “don't follow your retirement plan” in a recent episode.(29:07) Steve asks a question about asset allocation.(31:03) Steven asks which retirement certification to look for in a retirement advisor or coach.(33:02) Anonymous listener says they're looking to purchase financial management software that is secure and does good analysis.(34:41) Susan asks about Medicare penalties and health insurance while still employed after age 65.SMART SPRINT(37:30) In the next seven days, I want you to schedule your retirement planning meetings for the rest of the year.BONUS(38:33) Roger reads from his grandfather’s WWII journal.REFERENCESRegister for my LIVE WebinarsSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManBOOKSThe Retirement Collective: Shared Wisdom From Top Retirement Coaches- Retirement Coaches AssociationFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on InstagramShow notes created by https://headliner.app

💬 Show NotesIn this episode, Roger sits down with renowned investment expert Charles Ellis to explore what truly matters in retirement investing. Together, they focus on the key elements investors can actually control, the importance of maintaining cash reserves in retirement, and practical strategies to manage inflation risk.Roger and Charles also revisit timeless lessons from Ellis’s classic book, Winning the Loser’s Game, drawing on his decades of experience in investment management. The episode wraps up with thoughtful answers to listener questions on asset allocation, indexing, and rebalancing.SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today the show is going to focus on investing.(01:15) Roger explains the pie-cake and says there will be a video in The Noodle this week.(02:38) What can we control and what can we not control in regards to investing?(04:55) Let’s talk about building a retirement portfolio.(06:52) What can you NOT control when building out a portfolio?(09:40) What can you control in retirement planning? INTERVIEW WITH CHARLES ELLIS(13:24) Roger introduces Dr. Charles Ellis, author of Winning the Loser’s Game.(18:54) Roger asks Charlie about indexing and passive investing.(24:32) Dr Ellis talks about behavioral economics and recommends the book Thinking Fast and Thinking Slow.(27:20) Roger talks to Dr. Ellis about minimizing unforced errors(30:30) How do things change when you're in retirement and need to draw from assets?(35:32) Roger says for an average person, the concept of having all of their financial assets in equities would be unnerving. What advice would you give to someone who doesn’t understand the financial concepts and the kind of volatility comes with this kind of account?(38:43) Dr. Ellis talks about the current administration and the economy and how difficult times don’t last.(42:02) Roger asks Dr. Ellis about his choice to not retire.(46:34) Roger asks a question: What advice would you give me so I don’t look back with regret when I’m your age?(51:34) Dr. Ellis answers a question about fear and worry regarding the future.(54:22) Roger thanks Dr. Ellis for writing his books and helping so many.LISTENER QUESTIONS(54:52) Today's show will focus on investing questions.(55:11) Kevin says he doesn’t understand Roger’s concept of pie-cake- how to allocate your resources to fund your life.(56:28) Vince submitted an audio question about the retirement floor.(59:42) John asks for Roger’s thoughts on investing in multiple index funds versus all-in-one funds. And what is the difference between a mutual fund and an index?(01:08:07) Ben asks about rebalancing and current market conditions.SMART SPRINT(01:12:30) In the next seven days, take an assessment of the process you use when investing your assets for retirement.BONUS(01:13:28) Roger thanks listeners for their positive feedback.(01:14:13) Roger reads from his grandfather’s WWII journal.REFERENCES Retirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday)BooksThinking Fast and Thinking Slow- Daniel KahnemanRethinking Investing- Dr. Charles EllisWinning the Loser’s Game- Dr. Charles EllisShow notes created by https://headliner.app

It’s a super-sized episode today—and for good reason. We spend the bulk of the show in a deep, insightful conversation with Dr. Meir Statman, a leading voice in behavioral finance. I also walk you through the four non-financial pillars of retirement: mindset, energy, passions, and relationships. We'll talk about how to manage what you can control—and how to respond when life throws you the stuff you can’t. Plus, we answer a few of your questions. There’s a lot here, but it’s worth every minute. Let’s get to it.SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) This podcast is dedicated to helping you survive retirement with confidence(00:34) Today on the show we are going to focus on the non-financial realm as we continue talking about process and things we can control versus what we can’t control.ROCKIN RETIREMENT IN THE WILD(02:14) Roger shares an anonymous message from a listener about her husband retiring and the confidence they have built in their retirement.PRACTICAL PLANNING SEGMENT(04:50) Sometimes in retirement planning, we tend to overemphasize the financial side of things and forget about the rest of our lives.(06:23) Roger identifies controllables and non-controllables within the non-financial pillars of retirement. (14:50) Roger talks about some examples of people who focused on things that they could control and found success.(16:19) Roger says that the Rock Retirement Club has been a source of inspiration for him.INTERVIEW WITH MEIR STATMAN(18:13) Roger introduces Meir Statman, author of A Wealth of Wellbeing.(19:34) Roger asks what motivated Dr. Statman to write his latest book.(22:10) Dr. Statman talks about his relationship with Nobel Prize winner, Harry Markowitz(25:57) Roger talks about behavioral finance and what it means from his perspective.(30:02) We talk about financial wellbeing but you also need to focus on life wellbeing.(31:06) Dr. Statman discusses a u-curve in life wellbeing.(37:25) Roger and Dr. Statman talk about accepting who you are.(39:30) Dr. Statman talks about the components of wellbeing.(41:49) Roger asks about social capital in retirement.(49:00) Starting a conversation is really important, Meir says(51:19) What is cultural capital?(57:32) Developing social, cultural, and personal capital becomes harder as you get older.(01:01:38) What is personal capital?LISTENER QUESTIONS(01:04:42) Listener Brian sends a question about generating his retirement paycheck.(01:17:52) Another listener named Brian asks about investing in annuities.SMART SPRINT(01:22:20) In the next seven days, before you get out of bed, smile and tell yourself it is going to be a great day!BONUS(01:22:48) Roger reads from his grandfather’s WWII journal.REFERENCESNick Vujicic- Motivational SpeakerNelson Mandela Mier StatmanRetirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday) BOOKSMan's Search for Meaning by Viktor FranklI Know Why the Caged Bird Sings by Maya AngelouA Wealth of Well-Being: A Holistic Approach to Behavioral Finance by Meir StatmanThe Second Mountain: The Quest for a Moral Life by David BrooksBowling Alone: Revised and Updated: The Collapse and Revival of American Community by Robert PutnamThe How of Happiness: A Scientific Approach to Getting the Life You Want by Sonja LyubomirskyThinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke

This week, we continue our Process Over Panic theme by focusing on how to take back control in uncertain times. Learn how to shift your energy toward what you can control—and let go of what you can’t. Plus, Marcia Mantell joins us to break down the latest updates on Social Security and what they mean for your retirement plan. Tune in and take one more step toward a confident, purposeful retirement.SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) This show is dedicated to helping you not just survive retirement, but rock it!(01:58) We have to focus on things we can control and manage the things that we can’t.(3:08) Today we are going to talk about social security- what we can control and what we can’t. ROCKIN’ RETIREMENT IN THE WILD(03:52) Roger shares a “Rockin’ Retirement in the Wild” story from a listener and member of the RRC.PROCESS OVER PANIC- SOCIAL SECURITY WITH MARCIA MANTELL(06:30) There have been a lot of changes coming out of the Social Security Administration.(07:40) What is controllable with Social Security?(09:56) What are the uncontrollables with Social Security?(13:51) To help us understand the current state of Social Security, we're talking with Marcia Mantell.(15:38) Marcia says facts over fear are SO important and she is not fearful but watchful.(18:49) What changes have happened recently with social security?(23:00) There are different proposals floating around regarding Social Security to improve the implementation of the program.(25:10) Marcia discusses her thoughts on the idea that Social Security will run out by 2033.(28:55) How easy is it to create a sustainable Social Security system?(31:47) The goal of Social Security is to provide a basic income, roof over our head, and food on the table.(33:10) Over 50% of people rely on Social Security for their primary source of income.(36:10) If you are 55 or older, should you make a material change related to what you anticipate your Social Security to be?SMART SPRINT(40:56) In the next seven days, identify one thing in your retirement planning you can’t control that’s draining your energy. Then, take one small action to shift that focus toward what you can control. Awareness is the first step to rocking retirement—and life.BONUS(41:49) Next installment from missions flown by Roger’s grandfather in World War IIREFERENCESRetirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday)Mantell Retirement ConsultantsSocial Security AdministrationShow notes created by https://headliner.app