How to Set Up Your Paycheck in Retirement

Mar 12, 2025

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💬 Show Notes

In this episode, we explore the essential steps to setting up your retirement paycheck to ensure financial stability and confidence in your retirement years. Join us as we discuss the importance of tracking your cash flow, identifying spending trends, and creating a structured paycheck system that mimics the rhythm of a traditional paycheck. We also dive into listener questions about MYGAs, private equity, and inheritance planning, providing valuable insights to help you navigate your retirement journey.

OUTLINE OF THIS EPISODE OF RETIREMENT ANSWER MAN

(00:00) This show is dedicated to helping you not go bankrupt in retirement!
(00:25) Today we'll talk about how to set up your paycheck ahead of retirement
(01:16) Sign up for my weekly newsletter- The Noodle.
(01:44) In retirement, you lose the natural pulse of income coming into your checking account so it is important to have a system setup.
(03:05) What is the intent in setting up a paycheck in retirement?
(07:35) Roger talks about a default paycheck structure and how to set it up.
(12:30) What should you do about extraordinary expenditures?
(13:14) How should you have your pretax account set up for a retirement paycheck?
(17:45) Setting up a retirement paycheck helps identify trends in spending or saving.
(19:22) There will be an explainer video exclusive in our weekly newsletter- The Noodle

LISTENER QUESTIONS

(20:00) I got an email from Bill, a demographer, giving me more insight about the question- “how long should we plan to live?”
(24:00) Adam sent in a question about MYGAs- Multi-Year Guaranteed Annuities.
(28:43) John sends feedback on our private equity episode.
(30:32) David asks how to factor a substantial inheritance into his retirement plan.

SMART SPRINT

(39:35) In the next seven days, look at your payroll system and how you construct it.

BONUS

(40:25) Roger reads an excerpt from his grandfather’s WWII journal.

REFERENCES

Retirement Answer Man
Sign up for The Noodle (previously known as Six Shot Saturday)
The Retirement Answer Man Free Worksheet Library

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