💬 Show NotesIn 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 NoodleLISTENER 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.REFERENCESRetirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday)The Retirement Answer Man Free Worksheet LibraryShow notes created by https://headliner.app

 💬 Show NotesIn this episode, Roger Whitney tackles the critical question of life expectancy in retirement planning. With statistics from the CDC, he guides listeners through the complexities of determining how long they should plan for their retirement. Roger addresses the cognitive bias known as the "curse of knowledge," providing clarity on how to approach life expectancy assumptions. He also shares insights on the importance of using personalized data rather than general averages, and discusses practical tools for assessing longevity. Tune in for valuable advice that can help you plan confidently for your future!OUTLINE OF THIS EPISODE OF RETIREMENT ANSWER MAN(00:00) What life expectancy should you use in your retirement plan?(00:39) We have a change happening to our Six Shot Saturday email.(02:18) Roger discusses the concept of ‘The Curse of Knowledge.’(03:38) Listener, D.S., sends in a question about life expectancy in retirement.(05:58) Roger discusses how to interpret the data from the Social Security Administration life expectancy calculator.(9:30)  Roger uses age 92 for a male and 94 for a female for a base assumption in retirement planning.LISTENER QUESTIONS(11:26) Thrift savings plans will allow Roth conversion starting in 2026.(12:13) Karen asks about the pie-cake and the purpose of a 6 month emergency fund.(15:35) Karen asks a second question about suggestions for saving vehicles that are not US treasury bonds.(17:27) Evan asks “How does a pension figure into a net worth statement?”(22:00) Gene asks how to look at the total allocation of your retirement portfolio.(25:00) Roger reads feedback from listener Scott about last week’s episode.ROCKING RETIREMENT IN THE WILD (27:01) Scott has been helping federal employees think through their retirement plans.SMART SPRINT(30:42) In the next seven days, revisit the age you are going to use in your retirement plan.BONUS(31:12) Roger reads an entry from his grandfather’s WWII journal.REFERENCESRetirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday)The Retirement Answer Man Free Worksheet LibrarySocial Security Life Expectancy CalculatorThe Retirement Researcher Show notes created by https://headliner.app 

Peter Lazaroff, Chief Investment Officer at PlanCorp and author of "Making Money Simple", joins to discuss the complexities of adding private equity to retirement portfolios. They explore essential factors like having a solid financial plan and clear retirement goals. Peter explains what private equity is and highlights its potential risks and costs. The conversation emphasizes the need for careful evaluation, cautioning against following trendy investments that may not suit individual strategies. Tune in for a clearer understanding of these investment dynamics!

💬 Show NotesIn 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.REFERENCESRetirement Answer ManThe Retirement Answer Man Free Worksheet LibrarySign up for 6-Shot Saturday!Retirement Plan Live ReplayAlign FinancialShow notes created by https://headliner.app

Nicole Mills, the architect behind the Six Shot Saturday newsletter, brings her expertise to a vibrant discussion about resilient retirement planning. She and Roger Whitney tackle the essence of prioritizing personal goals in retirement, emphasizing that planning is a means to enhance life's joys. They delve into crafting robust strategies amid market volatility, the importance of a contingency fund, and upcoming changes to Six Shot Saturday. Listeners also gain insights on effective withdrawal strategies and the significance of engaging proactive financial advisors.

💬 Show NotesIn 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 Align FinancialNational Association of Personal Financial AdvisorsRetirement Answer ManThe Retirement Answer Man Free Worksheet LibrarySign up for 6-Shot Saturday!The Holy Grail of Investing: The World's Greatest Investors Reveal Their Ultimate Strategies for Financial Freedom by Tony RobbinsShow notes created by https://headliner.app

Laura and Nick share unique insights on navigating retirement as solo individuals without traditional support. They discuss the emotional aspects of financial management and the importance of community in combating loneliness. With a focus on housing, healthcare, and social connections, they highlight the need for resilience and planning. Listeners will appreciate their practical tips for building support networks and the significance of creating engagement opportunities in retirement. Personal stories add depth to their reflections on independence and financial strategies.

Celebrate a special birthday while diving into Laura and Nick's unique retirement journeys! Discover how Laura's private sector experience contrasts with Nick's military benefits. Learn the importance of feasibility tests in retirement planning and the role of health and fitness in achieving goals. Explore different sources of capital and how they can help you pay for your aspirations. Tune in for insightful discussions on redefining retirement as an exciting phase of life, not just an endpoint!

Welcome to the latest episode of the Retirement Answer Man Show, where we explore the journey to a fulfilling retirement. Join us as we continue our live case studies with Laura and Nick, who share their goals and aspirations for their ideal retirement life. This episode offers insights into planning for a future that aligns with your values, including discussions on long-term care, financial independence, and the importance of self-reflection. Plus, we tackle a listener's question about retirement planning conferences and share details about our upcoming Rock Retirement Club Roundup.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:30) We are on week 2 of our LIVE case studies with Laura and Nick.(01:30) Question from listener Brad about retirement planning conferences.(03:35) We will share the agenda from the 2024 Roundup in our Six Shot Saturday email.LAURA’S GOALS FOR RETIREMENT(04:30) Laura reflects on talking about herself on the show.(08:30) Laura talks about her mom and helping her navigate old age.(12:20) This week we're going to focus on turning your values into goals.(13:35) Laura shares her estimated monthly expenses to maintain a base great life.(16:07) Laura talks about her transportation and car buying habits(18:40) Laura discusses potential home improvements in the next 10 years.(20:05) Laura estimates the cost for her moms continued care.(23:12) We estimate an annual travel expense for 15 years.(28:00) Next week, we'll examine what resources you have to pay for your lifeNICK’S GOALS FOR RETIREMENT(28:35) Today we're going to talk about what Nick wants for retirement(30:15) What does it cost to live the life of Nick on an annual basis?(31:24) Nick talks about healthcare costs.(33:25) We talk about other nonnegotiables for Nick.(34:20) Nick talks about travel plans in retirement.(36:33) Nick discusses his desire to be able to leave some money to his nieces and nephews.(39:40) Nick plans to leave some money for the charitable organizations he supports.(41:55) Nick talks about purchasing longterm care as he ages versus joining a continuing care community.(46:25) Are you planted community wise? Is this where you're going to be longterm?(48:17) Was there anything that you wanted to put on that lifestyle design worksheet that you didn’t?SMART SPRINT(50:55) In the next seven days, grab the retirement lifestyle workbook from our Six Shot Saturday email and start to think about what it is that you want in retirement.BONUS(51:55) Roger reads from his grandfather's WWII log.RESOURCESRetirement Answer ManRegister for the Retirement Plan Live results webinars!The Retirement Answer Man Free Worksheet LibrarySign up for 6-Shot Saturday!BooksDie With Zero: Getting All You Can from Your Money and Your Life by Bill PerkinsThe Five Regrets of the Dying by Bronnie WareAuthor- Arthur BrooksShow notes created by https://headliner.app

Explore the exhilarating concept of 'rocking retirement' as Laura and Nick share their unique journeys. Laura reflects on living alone while caring for her mother and emphasizes the need for personal values. Nick discusses transitioning from military to civilian life, revealing how a paycheck influences his outlook on work. Discover the importance of crafting a fulfilling retirement and embracing personal fulfillment beyond societal norms. This engaging conversation highlights the significance of social connections and individual passions in this vibrant life phase.