Retirement Plan Live Debrief with Tanya Nichols

Feb 19, 2025

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💬 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

(25:06) John asks a question about best utilizing extra income.
(29:38) Edward asks a question about diversification versus safety.

SMART SPRINT

(38:21) In the next seven days, I encourage you to start organizing your tax documents and get them to your CPA as early as possible.

BONUS

(39:34) Next installment of Roger’s grandfather’s WWII journal.

REFERENCES

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