The Long View

Roger Young: Visualizing Retirement Is So Important

Feb 13, 2024

Roger Young, thought leadership director at T. Rowe Price, discusses topics such as beneficiary designations, transitioning to retirement portfolios, retirement withdrawal strategies, visualizing retirement, simplifying the retirement planning system, and the synergies between music and retirement planning.

49:44

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Roger Young

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Quick takeaways

Optimizing beneficiary designations can benefit different tax rate scenarios in retirement planning.

Flexibility and ongoing planning are crucial in retirement, including personalized spending strategies and comprehensive income planning.

Deep dives

The Role of Thought Leadership at T-ROW Price

Roger Young, Thought Leadership Director at T-ROW Price, discusses the broad range of financial planning topics his team covers, with an emphasis on retirement. He shares an example of a recent project on beneficiary designations for retirement accounts and how optimizing them can benefit different tax rate scenarios. The main audience for their work includes individual investors, retirement plan participants, and financial advisors. Young also highlights the importance of advisors helping clients transition from the accumulation phase to retirement, addressing spending reluctance, and behavioral aspects of retirement.

Flexibility in Retirement Planning

01:52

Introduction

2min

Transitioning to Retirement Portfolios

14min

Retirement Withdrawal Strategies

12min

The Importance of Visualizing Retirement

16min

Ideas for Simplifying the Retirement Planning System and Reducing Uncertainty

2min

Music and Retirement Planning: Finding Synergies

2min

Closing Segment and Legal Disclaimer

2min

Our guest on the podcast today is Roger Young. Roger is thought leadership director at T. Rowe Price, where he and his team conduct research on retirement planning and financial planning matters. Roger has been with T. Rowe Price since 2017. Prior to that, he was a financial advisor at Wells Fargo Advisors, and he’s also held a number of corporate finance roles. Roger earned an M.S. in manufacturing and operations systems from Carnegie Mellon University, an M.S. in operations research and statistics from the University of Maryland, and a B.B.A. in accounting from Loyola University, Maryland. He is a Certified Financial Planner professional.

Background

Bio

Thought Leadership Projects

“How Coordinating Beneficiary Designations Can Increase Your After-Tax Legacy,” by Roger Young, troweprice.com, Oct. 12, 2023.

“Is Financial Advice Worth Paying For? Investors Share Their Perspectives,” by Roger Young, troweprice.com, Oct. 25, 2023.

Retirement: Financial Considerations

“2024 U.S. Retirement Market Outlook,” troweprice.com.

“How to Make Sure You Won’t Outlive Your Retirement Savings,” by Jasmin Suknanan, cnbc.com, July 30, 2023.

“How to Determine the Amount of Income You Will Need at Retirement,” by Roger Young, troweprice.com, Feb. 1, 2023.

“A Closer Look at RMDs and the New SECURE 2.0 Rules,” by Roger Young, troweprice.com, July 24, 2023.

“Spenders vs. Savers: How to Determine Your Retirement Spending Personality,” troweprice.com, Dec. 7, 2023.

“How to Make Your Retirement Account Withdrawals Work Best for You,” by Roger Young, troweprice.com, Aug. 7, 2023.