Retirement Answer Man

Are you much of a drinker? Studies show that 60% of Americans are, and an even greater percentage of college-educated Americans are. In this episode, Dr. Bobby Dubois and I reflect on the effects of alcohol on retirement. We’ll get into everything: the good, the bad, and the ugly.Don’t worry, we’re still exploring Roths this week by answering your questions. All of our listener questions are related to Roths. If you have a question about our recent Roth series or anything retirement-related leave a voice recording or an email here. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:51] On contributing to a Roth via 401K[5:02] Getting pushback from advisors on converting a 401K to Roth[14:10] How does the 5-year rule apply to a new Roth account[17:28] On implementing a resilient plan[22:30] Clarification on the pro rata ruleBRING IT ON WITH DR. BOBBY DUBOIS [24:17] Who drinks alcohol and how much[32:41] The good and bad of drinking alcohol [38:56] The ugly of drinking alcohol[45:21] How does alcohol affect you?TODAY’S SMART SPRINT SEGMENT [48:52] Experiment with your relationship with alcoholResources Mentioned In This Episode Podcast - Huberman LabBOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

After listening to the past two episodes you now know how to make Roth contributions and conversions, that was the easy part. Today we discuss the more complicated Roth rules for making withdrawals. To avoid unnecessary penalties and taxes you’ll want to make sure that you clearly understand the regulations surrounding Roth withdrawals. Listen to ensure that you don’t get caught unaware and needlessly get stuck paying avoidable taxes and fees. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:32] Building a target to work for to build healthy habits[6:20] The golden rule of Roth withdrawals[8:58] The order of withdrawals[11:08] How the five-year rule works with contributions[16:41] How the five-year rule works with conversions[19:33] How the five-year rule works with a Roth 401KLISTENER QUESTIONS [27:11] On taking money from a 401K and moving it to a Roth IRA so that someone can manage it[31:34] How to decide whether to convert funds into a Roth IRA[35:03] Estimating Social Security income using the detailed calculator[36:01] Clarifying the five-year rule start date[38:40] Deciding whether to claim Social Security earlyBRING IT ON  [43:14] Intentions vs actionsTODAY’S SMART SPRINT SEGMENT [46:42] Catch yourself setting intentionsResources Mentioned In This Episode Dexa ScanBOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Many of us have missed the boat on Roth contributions, but we have another tool to get into Roths: Roth conversions. If you have been curious about all the hype about Roths you won’t want to miss this series. This month we dive deeper into Roths. In episode 494 we discussed what Roths are, last week we dove into contributions, and this week we demystify conversions. Listen in to learn how you can use Roth conversions to upgrade your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:44] I try to keep the main thing the main thing[3:49] Many of us have missed the boat on Roth contributions[7:11] How to perform a Roth conversion[8:45] How do you pay the tax on a Roth conversion?[14:05] The pros of paying from after-tax assets[16:22] The downsides of paying with after-tax assetsLISTENER QUESTIONS [19:05] A rule of 55 clarification[22:20] What happens if my income is too high to contribute to a Roth[23:52] How to create a 5-year cash bucket in down markets[30:13] On creating a bond portfolio ladderBRING IT ON [38:12] On relationship buildingTODAY’S SMART SPRINT SEGMENT [43:09] Get out of your normal routine and meet new peopleResources Mentioned In This Episode Episode 494 - Roth OpportunityRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

So many economic predictions for the year have proved incorrect. Since even the brightest economists don’t have a crystal ball, planning your retirement based on economic, market, or investment predictions can lead you astray. Instead of basing your retirement plan on wishful thinking, learn how to create a strategic retirement plan based on agency.Today, and during this entire Roth IRA series, we’ll see how you can use Roths to enhance your retirement plan. Listen to this episode to hear whether you should be making Roth contributions to help fund your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [5:48] How to make Roth IRA contributions[8:04] How backdoor Roth contributions work[13:47] The difference in the Roth 401KLISTENER QUESTIONS [19:45] Envisioning family legacy options[28:08] Spousal Social Security benefits[31:26] Optimizing taxes and estate planningBRING IT ON WITH KEVIN LYLES [39:20] On designing a phased retirement[45:02] Make sure your phased retirement isn’t an excuse to not retireTODAY’S SMART SPRINT SEGMENT [47:30] Examine whether you should be making Roth contributionsResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

If you’ve been wondering how Roth IRAs work in retirement you’ve come to the right place. All this month we’ll be exploring Roth IRAs–how they work, the 5-year rule, and the differences between Roth conversions and contributions and Roth IRAs and Roth 401Ks. My goal with this series is to level the playing field so that you can understand the opportunities that Roths provide. On this episode, you’ll learn how you can use a Roth to enhance your retirement. If you are ready to start optimizing your retirement press play. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ LAST MONTH [2:10] What I’ve been reading and how I readPRACTICAL PLANNING SEGMENT [12:35] Roth accounts in retirement[16:16] What Roths are[20:56] Roth planning opportunitiesLISTENER QUESTIONS [32:45] A tip for using the detailed calculator on SSA.gov[33:52] How to search for a financial advisor[37:17] On consolidating your IRAs[42:26] Can Kelly roll over her 401K to a Roth IRA or is there a better option?BRING IT ON WITH DR. BOBBY DUBOIS [50:12] How to implement the tools Dr. Dubois gives us[52:32] Assessing your energy levels[59:22] How to start improving your energy[1:04:39] How to improve the mind-body connection[1:12:46] How to experiment on yourselfTODAY’S SMART SPRINT SEGMENT [1:14:10] Update your net worth statement and your cash flow statement so you can plan the rest of the yearResources Mentioned In This Episode Episode 487 - The 8 Pillars Of Rocking Retirement: Financial - Resilience And OptimizationThe Detailed calculator on SSA.gov not My SSA.govCatching Up to FI PodcastBOOK - Call Sign Chaos by Jim MattisBOOK - Fooled by Randomness by Nassim Nicholas TalebBOOK - The Alter Ego Effect by Todd HermanObsidian note taking appRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

There are so many questions that come with retirement which is why I focus on answering questions from listeners like you. As you listen to these questions and their answers consider how they fit into your ultimate objective. Listen in to learn why intent matters.In this episode, we’ll explore how to frame retirement questions around your intent, answer listener questions, and in the Bring It On segment you’ll hear a tip about how to rebalance your emotions during stressful conversations. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:12] How to use your 5-year cushion[11:32] Does having a civil judgment against me apply to my accounts in other states?[15:55] Bret wants to know more about how to maximize his accumulation stage[19:35] How to reverse a decision to claim Social Security [22:05] Examples of simplifying a portfolio by using ETFs or other all-in-one funds[26:38] How to diversify an overfunded portfolio[32:59] Should I stop the automatic reinvestment of dividends?BRING IT ON [36:00] A tip to rebalance your emotions in stressful situationsTODAY’S SMART SPRINT SEGMENT [37:50] Reexamine your intent when making decisionsResources Mentioned In This Episode Brian CainBOOK - Call Sign Chaos by Jim MattisJeremy SiegelBOOK - Stocks for the Long Run by Jeremy SiegelRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This podcast was created for you–not me. I’m here to help you think differently about retirement and find a concept or tool that will help you take action to rock retirement. I do this by answering your questions and bringing you content that will open your mind and spur you to get started. If you have a question you would like me to answer, head on over to RogerWhitney.com/AskRoger to leave an audio or written question.Investing in retirement shouldn’t be that complex. The simpler you can keep it the less confusion you’ll have. One listener wonders how she can keep her investments simple in retirement. Find out how to take the complexity out of investing in retirement by listening to this episode. Afterward, you can take action by considering how to simplify your own investments and make them retirement ready. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:20] What other listeners sayLISTENER QUESTIONS [5:42] What is the difference between a financial advisor and a wealth planner?[12:48] The KISS concept for investing[19:35] On using direct debt lending organizations[25:00] The difference between bank CDs and brokered CDs[30:18] How to make your retirement plan resilientBRING IT ON [39:21] On starting your own business in retirement[45:55] Steps to take to get startedTODAY’S SMART SPRINT SEGMENT [47:37] Take action on somethingResources Mentioned In This Episode FINRA.orgRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

The oldest person is 120 years old, but they probably didn’t have a plan to live that long. Many people don’t have a plan for the decades between 60 and 120. Do you?In this episode of the Retirement Answer Man show, you’ll hear from the CEO of a venture capital firm that funds companies that help people age well, you’ll also hear the answers to several listener questions–including one correction from an incorrect answer last week, and lastly, you’ll hear about developing a learning mindset from Mark Ross in the Bring It On segment. Can you guess which question I answered incorrectly last week? Listen in to find out and to hear it answered correctly. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN AN INTERVIEW WITH ABBY MILLER LEVY [2:30] What it was like to start a firm in the midst of the pandemic[6:35] Examples of their investments[13:24] How to plan for decades 6-12[21:52] Integrating AI in a human wayLISTENER QUESTIONS [25:36] I missed last week’s question - so here’s take two[32:47] How Mike is finding purpose in retirement[33:56] On self-funding long-term care by earmarking accountsBRING IT ON WITH MARK ROSS [40:06] On adopting a learning mindset in retirement[41:18] What you can do today to develop a learning mindsetTODAY’S SMART SPRINT SEGMENT [49:15] Stress test your plan against a long-term care eventResources Mentioned In This Episode BOOK - This Chair Rocks by Ashton ApplewhitePrimetime PartnersRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

“If you are looking for someone to believe in, believe in yourself. The only authentic authority is your own original nature.” Vernon HowardAre you ready to start believing in yourself enough to rock retirement? If you have been following this show, hopefully, you are doing the work so that you can build the confidence to lean in and really rock retirement. On this episode, we have a guest that may help guide and empower you to do the work that you need to do to rock retirement. You’ll also hear about what I've been reading, Answers to listener questions, and how to use your toolkit to fit disease from Bobby Dubois in our Bring It On segment. Press play to feel empowered OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT I’M READING [1:38] What I’ve been reading latelyPRACTICAL PLANNING SEGMENT WITH VERONICA McCAIN [9:12] Who is Veronica McCain?[15:07] What people are lacking in retirement[21:44] Why she wrote a workbookLISTENER QUESTIONS [25:07] How does the 5-year rule work for Roth conversions?[29:43] Michael’s book suggestion[31:40] Focusing on the no-go years[36:27] A story on your legacyBRING IT ON WITH DR. BOBBY DUBOIS [39:25] Our tool kit can help fight heart disease[43:10] Understanding the risk factors of heart disease[57:33] How sleep affects heart disease[59:40] Mind-body work can also improve your risksTODAY’S SMART SPRINT SEGMENT [1:05:57] Pull one thing a day to declutterResources Mentioned In This Episode SavvyRetirementCoach.comBOOK - My Retirement My Way by Veronica McCainBOOK - Total Recall by Arnold SchwarzeneggerBOOK - Limitless Mind by Jo BoalerBOOK - The Alter Ego Effect by Todd HermanBOOK - The 12 Week Year by Brian MoranBOOK - You Learn by Living by Eleanor RooseveltBOOK - Metabolical by Robert LustigRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

It’s time to wrap up the eight retirement pillars with the final two non-financial pillars: passion and relationships. In this episode, you’ll learn why happy people always have projects and what you can do to get started building your own passion projects. You’ll also learn why it is so important to develop intentional relationships. Discover these final two non-financial pillars for a rocking retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:15] Projects with purpose[5:43] Obstacles to creating passion projects[8:50] How to build a plan to develop your own passion[10:32] Relationships are an integral part of rocking retirementLISTENER QUESTIONS [17:50] A spousal IRA question[19:17] Rolling over a 401K to an IRA[28:44] A note on my wording[29:28] Feedback from people on going two to oneTODAY’S SMART SPRINT SEGMENT [36:27] Go out and take action on something that interests youResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center