Retirement Answer Man

It seems like no matter how much we save we always have that nagging worry about whether it is truly enough. One of our listeners is looking for ways to reduce the chances of running out of money in retirement. My response to his question may surprise you. Listen in to hear what I have to say about improving his retirement trajectory. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:21] What can I do to ensure not run out of money in retirement[8:43] A rental property question[11:52] On Roths being separated in Fidelity[13:30] Can you roll over an old 401K into your current planCATCHING UP WITH JOELLE FROM THE 2022 RETIREMENT PLAN LIVE [17:05] Joelle has formed a social network in her new town[19:23] How her finances have fared over the past 2 years[24:44] How a 5-year cash cushion has given her peace of mind[30:56] How Joelle has learned to let go of having one right way to do thingsTODAY’S SMART SPRINT SEGMENT [32:38] Enjoy your familyResources Mentioned In This Episode Retirement Plan Live with Joelle - Relocation For Retirement  416,  417,  418,  419Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

Have you ever wondered how the subjects from our Retirement Plan Live series are doing now? Did everything turn out okay for them? Find out how Emma (from 2019 RPL) is doing on this episode of Retirement Answer Man.In the listener questions segment you’ll learn about the Rule of 55, donor-advised funds, and contributing to a teen’s Roth IRA. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:01] Can you directly contribute from an IRA or 401K to a donor-advised fund?[9:37] A rule of 55 clarification[11:41] Can I roll over the portion I don’t want under the rule of 55 provision?[15:19] Contributing to a teen’s Roth IRA[17:09] How to navigate financial planning for a special needs adult childCATCHING UP WITH EMMA FROM THE 2019 RETIREMENT PLAN LIVE [18:33] Having a great retirement after widowhood takes work[24:44] On finding her tribe[31:27] What’s next for Emma[32:48] Advice for othersTODAY’S SMART SPRINT SEGMENT [36:10] Embrace the boringResources Mentioned In This Episode Retirement Plan Live with Emma episodes  289,  290,  291,  292Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

The way does not exist–there is no one correct way to do things. We are all finding our own ways in life and retirement. Working with an agile structure will help give you the scaffolding to create a retirement plan in an organized way.On this episode, you’ll hear how drafting your agile retirement plan can help you discover your unique way to rock retirement. Continue listening to discover the books I read in November, the answers to several listener questions, and the way to create an exercise plan to boost your energy. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ IN NOVEMBER [2:40] The books I read in NovemberLISTENER QUESTIONS [9:37] Books I have recommended in the past[12:25] A refilling tax buckets comment[16:50] Can you make a full HSA contribution for 2024?[19:35] A question on car loans[25:06] How do you know if your retirement plan is resilient[28:52] A book recommendationBRING IT ON WITH DR. BOBBY DUBOIS [30:39] How to show up with energy with exercise[35:43] How to set up an exercise program[39:13] Where to start[42:14] Convert your stationary life to a life of movement[50:16] How to fuel yourself for a workout[53:18] How to build a sustainable exercise programTODAY’S SMART SPRINT SEGMENT [57:00] Assess your process and strategy for retirementResources Mentioned In This Episode Episode 434 - Functional Health To Rock Retirement - Creating The Right Exercise PlanDoRetirementRight.comEpisodes with lists of books I’ve recommended - 138, 206, 287, 464The Retirement Answer Man GoodReads Book ClubBOOK - Die with Zero by Bill PerkinsBOOK - Be Useful by Arnold SchwarzeneggerBOOK - Total Recall by Arnold SchwarzeneggerBOOK - Only the Dead by Jack CarrBOOK - I’m Proud of You by Tim MadiganBOOK - The Road to Character by David BrooksRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

Have you been wondering what you’re supposed to do when it comes to refilling your retirement income buckets? So has Michael. In this episode, I’ll go into further detail about how to do that.Stay tuned for the answer to Michael’s question and many others as well as a chat with Kevin Lyles on how to ease into retirement in the Bring It On segment. Press play to get started. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [4:38] How to reinvest retirement income floor[15:21] Contribute to grandchild’s Roth accounts to teach compounding[16:58] How is a non-deductible IRA contribution withdrawal handled?[19:51] The pros and cons of Everplans[24:26] On organizing booksBRING IT ON [25:45] How to ease into retirementTODAY’S SMART SPRINT SEGMENT [33:45] Check your liquidityResources Mentioned In This Episode BOOK - The Road to Character by David BrooksBOOK - The Second Mountain by David Brooks Everplans.comEpisode 473 -  How Is Deferred Compensation Taxed When I Receive It?Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center  

What would you do if your retirement planner said no when you asked them for a report? I’ll address this question and many more on this episode of the Retirement Answer Man Show.We’ll also discuss the two things you need to find happiness. Are you curious as to what they are? Listen in to find out. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:13] Adding to my partial answer to a question in  episode 512[5:33] What to do when my advisor told me no to a report[11:05] On switching plans in Medicare’s open enrollment[14:41] What training someone should pursue to improve their financial education[18:10] The issues that come with trying to die with zero[21:03] Rules when you return to work[23:22] On securing long-term care insurance[25:51] Are the rules different for 457B accounts?BRING IT ON [29:57] Building protocols to improve your agencyTODAY’S SMART SPRINT SEGMENT [34:00] Write 5 things you are grateful for and 5 things you can do to build agencyResources Mentioned In This Episode Huberman Lab PodcastLTCI PartnersEpisode #281 - Is An Annuity Right For Retirement? The Role An Annuity Can Play In Your PortfolioBOOK - Die with Zero by Bill PerkinsEpisode #345 - How Does Medicare Work? Making Your Medicare Decision with Danielle RobertsBoomer BenefitsEpisode 512 - How Should I Pay Taxes On My Roth Conversions?Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

If you have different retirement accounts at various brokerage firms, you may wonder whether you should consolidate them. One listener asked me that very question today. I’ll answer it along with several others–don’t miss the one about my finance book recommendations. Are you curious about how you can improve your relationship in retirement? Then, make sure to listen to Mark Ross’s suggestions in the Bring It On segment. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [5:51] Should Greg and his wife consolidate their accounts?[11:39] Using the Obsidian note-taking app[13:42] Larry’s question on RMDs and down markets[16:34] My recommendation on reading material for Sandy on money management[19:41] What is a LIRP?BRING IT ON WITH MARK ROSS [22:12] The relationship pillar requires communication[25:16] Have a retirement plan of recordTODAY’S SMART SPRINT SEGMENT [30:07] Review these end-of-year housekeeping tipsResources Mentioned In This Episode BOOK - The Behavioral Investor by Daniel CrosbyBOOK - 48 Days to the Work You Love by Dan MillerBOOK - Don’t Retire, Rewire by Jeri SedlarBOOK - Younger Next Year by Chris CrowleyBOOK - Stacked by Joe Saul-SehyBOOK - A Simple Plan to Wealth by J.L. CollinsBOOK - Winning the Loser’s Game by Charles EllisBOOk - The Retirement Income Guidebook by Wade Pfau The Retirement Answer Man GoodReads groupNotionObsidian note-taking appRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

“You do not rise to the level of your goals; you fall to the level of your systems.” James ClearI’ve been focusing on building up my systems lately and today I’ll provide you with an example of what that looks like for me. In addition, in this episode, you’ll hear several questions on how to optimize your tax burden. Then in the Bring It On segment, Kevin Lyles joins me to discuss the role of leisure in retirement.Join me today to take a baby step to improve your life in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:19] Building systems LISTENER QUESTIONS [6:31] How to pay taxes for Roth Conversions[14:44] On new rules for catch-up contributions[17:07] Can Larry contribute to his wife’s HSA?[19:26] The details on the taxes on selling a houseBRING IT ON [22:46] The role of leisure in retirement[25:06] The 6 categories of leisureTODAY’S SMART SPRINT SEGMENT [31:16] Look at your after-tax accounts and tally your realized capital gainsResources Mentioned In This Episode BOOK - Atomic Habits by James ClearSign up for the 6-Shot Saturday newsletter!Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

Bonds are a ubiquitous part of a balanced portfolio and in recent years bond funds have become even more attractive to many investors. However, due to rising interest rates, bond funds are now losing their appeal. One listener asks whether she should call it quits on her investment in bond funds. In this episode of Retirement Answer Man, Nichole and I will explore this and other questions from listeners like you. Stick around to hear my conversation with Dr. Bobby Dubois about energy and our relationship with caffeine. Find out once and for all whether caffeine is as bad for you as they say. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT I READ IN OCTOBER [1:30] Books I read in OctoberLISTENER QUESTIONS [5:01] Will it be a long way to get back to even on bond funds?[10:03] About the recommended withdrawal rate in retirement[12:12] How to figure out the net worth of a pension[14:41] A question about transferring IRA funds to HSA[16:23] Feedback on wisdom for our children[17:14] How far back should a newer listener go in the podcasts?[21:09] A comment on my YouTube video with Joe Saul-SehyBRING IT ON WITH DR. BOBBY DUBOIS [22:20] 85% of people have caffeinated beverages each day[28:22] How much caffeine should you have each day[30:12] What happens to your brain on caffeine[39:37] What to do with this informationTODAY’S SMART SPRINT SEGMENT [44:18] Join the Retirement Answer Man Goodreads group!Resources Mentioned In This Episode Join the Retirement Answer Man group on GoodreadsBOOK - The Count of Monte Cristo by Alexandre DumasBOOK - The Armor of Light by Ken FollettBOOK - Stillness is the Key by Ryan HolidayRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic.On this episode, we wrap up our Wisdom for Our Children series by exploring your advice for spending, saving, and investing. We have tons of valuable guidance for the young people in our lives. Be sure to listen to hear all the suggestions. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WISDOM FOR OUR CHILDREN [3:38] Learn to invest in yourself[9:02] How to create wealth[12:52] Some audio adviceAN INTERVIEW WITH MARK TRAUTMAN [21:24] Understanding compound interest[31:10] The best place for a young person to save[40:29] How to invest your long-term investmentsTODAY’S SMART SPRINT SEGMENT [48:44] Get a book for a young person in your lifeResources Mentioned In This Episode BOOK - The Daily Stoic by Ryan HolidayBOOK - Areté by Brian JohnsonBOOK - The Simple Path to Wealth by JL CollinsBOOK - Stacked by Joel Saul SehyBOOK - Profit First by Mike MichalowiczBOOK - The Scarcity Brain by Michael EasterRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Your family and friends are the people you walk life with, so it is important to choose wisely. In this episode of our Wisdom for Our Children series, Nichole joins me to reflect on what the younger generation should keep in mind when forming these valuable relationships.Press play to hear what it takes to build meaningful relationships. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [3:17] What you do speaks so loudly I cannot hear what you have to say[8:15] How to love someone[16:55] Have high standards [18:52] Create boundaries with family [20:30] Comments from listenersTODAY’S SMART SPRINT SEGMENT [26:58] Check in on someoneResources Mentioned In This Episode BOOK - The 5 Love Languages by Gary ChapmanBOOK Series - The Crucial series by Kerry Patterson and Joseph GrennyBOOK - Boundaries by Henry CloudBOOK - Necessary Endings by Dr. Henry CloudBOOK - Love Does by Bob GoffBOOK - The Power of Moments by Chip and Dan HeathBOOK - The 4 Agreements by Miguel RuizBOOK - The Courage to Be Disliked by Ichiro KishimiBOOK - QBQ by John MillerBOOK - 4000 Weeks by Oliver BurkemanRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center