Retirement Answer Man

This month, as we meander through the different parts of life we are stopping to reflect on certain areas to pass on wisdom to our children. In this episode of the Retirement Answer Man Nichole Mills joins me to discuss career and retirement. Do you have a young person in your life who you would like to pass on some juicy nuggets of wisdom? If so, make sure you are signed up for the 6-Shot Saturday newsletter. At the end of this series, we’ll be sending out a carefully cultivated PDF full of sagacity that you can pass on. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:27] Can you transfer appreciated assets in kind to a charitable giving trust? [9:45] How CDs work and when to use them[13:43] How to manage finances when marrying late in life[18:23] When are HSAs not worth the triple tax advantage?WISDOM FOR OUR CHILDREN WITH NICHOLE MILLS [27:19] Think in 5-year increments[29:26] Build career capital[32:00] Cultivate an authentic network[35:27] Wisdom on retirement[39:43] Play by your own rules[40:21] Advice from our listenersTODAY’S SMART SPRINT SEGMENT [48:10] Cultivate your artistic natureResources Mentioned In This Episode BOOK - Designing Your Life by Bill Burnett and Dave EvansBOOK - Linchpin by Seth Godin Cal NewportRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

This episode focuses on the importance of energy and mindset in life. The host shares book recommendations, his advice for his younger self, and tips for gamifying self-improvement. Listener questions are also answered, including clarifying previous advice on health savings accounts and elaborating on not retiring. The podcast emphasizes the significance of mindset in creating a better future and balancing physiology and psychology. Building energy and cultivating a growth mindset are explored, highlighting the value of self-care and intentional living.

What is the difference between a passion and an interest? Why is it important to have a passion in retirement? In the Bring It On segment with Mark Ross, we’re discussing passions. You’ve probably heard that it is important to have a purpose in retirement, but today you’ll learn how to develop your interests and turn them into passions.You’ll also hear questions about when to stop contributing to pre-tax retirement accounts, what preferred stocks are, and whether QLACS can be used as QCDs. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [3:30] Future pre-tax contributions[13:48] What is the objective of having preferred stocks in a portfolio[17:03] Can a QLACS distribution be treated as a qualified charitable distribution?[18:54] Where should these 34-year-olds save?BRING IT ON WITH MARK ROSS [21:28] Are passions the same as interests?TODAY’S SMART SPRINT SEGMENT [27:00] Update your net worth statementResources Mentioned In This Episode LiveWithRoger.comBOOK - 4000 Weeks by Oliver BurkemanRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Is there an ideal mix of before and after-tax retirement accounts? If so, what is it? In this episode, we’ll find out. We’ll also explore a number of other questions that have been eating away at listeners like you. Check out this episode to listen to these listener questions and stick around until the end to hear Kevin Lyle’s relief at no longer having to keep up with the Joneses. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:05] What is the ideal mix between before and after-tax retirement accounts?[6:46] What to do about a fee-heavy investment account[11:00] Finding a financial planner[12:09] The impact on energy levels[13:58] Saving for kids’ education[18:17] How to open a Roth with a high-incomeBRING IT ON [21:05] Keeping up with the JonesesTODAY’S SMART SPRINT SEGMENT [26:08] Check the way you compare yourself to othersResources Mentioned In This Episode Andy Panko’s advisor referral listGarrett Planning NetworkNAPFA BOOK - Outlive by Peter AttiaRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

What are you doing to make friends in retirement? Mark Ross and I explore this challenge in our Bring It On segment. Listen in to hear how I made a new friend this week and stick around to hear the listener questions and what you could be doing to improve your social life. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:36] What should Ronnie consider when transferring investment accounts?[14:30] Clarifying the 401K catch-up provision for high-income earners[20:12] Clarifying the 5-year rule with each conversion[22:44] Capital gains strategies for downsizing your primary residence[26:35] Will claiming a personal SS benefit early affect a spousal benefit?BRING IT ON WITH MARK ROSS [30:40] How do we make new friends in retirement?TODAY’S SMART SPRINT SEGMENT [37:57] Take stock of your social network to see how you could improveResources Mentioned In This Episode The Roth series 494, 495, 496, 497, 499BOOK - A Simple Path to Wealth by J.L. CollinsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Did you know that there is another way to borrow money to purchase a home that is not a mortgage? Larry is thinking about using a securities-based line of credit against his after-tax investment account to borrow to buy a house. Discover my opinion on this optimization question on this episode of Retirement Answer Man.Listen in to also hear my August reads and learn about the importance of protein to keep strong as you age. Press play now. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BOOKS I READ IN AUGUST [2:58] The Wager[6:02] American Prometheus[7:12] Outlive[9:09] The Courage to Be Disliked[10:06] The Big ShortLISTENER QUESTIONS [11:14] Should Larry use an after-tax investment account to borrow to buy a house?[21:33] Jennifer wants to hear more about pretirement[26:25] How to get the Roth clock ticking when you don’t qualify for a Roth[28:18] On discussing faith in the RRC[29:20] The costs of alcohol[30:12] Richard’s thank you on 500 episodes[31:34] Do the same (golden) rules apply to Roth 401Ks as Roth IRAsBRING IT ON WITH DR. BOBBY DUBOIS [35:30] Building energy using protein powder[41:00] How much protein people really need[44:02] Negatives of too much protein[48:12] Do people get enough protein?[50:06] More on protein supplements[57:55] How to ensure you are getting enough proteinTODAY’S SMART SPRINT SEGMENT [59:01] Keep a captain’s logResources Mentioned In This Episode BOOK - American Prometheus by Kai BirdBOOK - Outlive by Peter AttiaBOOK - The Wager by David GrannBOOK - The Courage to be Disliked by Ichiro KishimiBOOK - The Big Short by Michael LewisEpisode 502 - Should I Realign My 401K Now That I'm Retired? (with Kevin Lyles)Episode 500 - 500 Episodes and Still RockingA few episodes in which we discuss retirement -  183, 214, 244, 324, 430 Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

To really rock retirement you have to have the right mindset. On this episode of Retirement Answer Man, Kevin Lyles and I noodle on the power of wonder. You’ll learn why it is important to have a sense of wonder and learn three tips for digging into your own sense of wonder. We also have plenty of listener questions to answer. Press play to hear the answers to questions from listeners like you. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN BRING IT ON WITH KEVIN LYLES [3:44] The power of wonder[7:22] Kevin’s tips for experiencing wonderLISTENER QUESTIONS [12:47] Should Liz reallocate her 401K?[23:28] Should Barry be concerned about his asset allocation?[34:45] A rule of 55 issue[36:30] Getting conflicting answers from the Social Security Administration[40:29] On dealing with FOMO and building healthy cash reserves[43:59] How to get into retirement planning as a careerTODAY’S SMART SPRINT SEGMENT [48:40] Find some wonder in the worldResources Mentioned In This Episode RMA CertificationMaximizeMySocialSecurity.comEpisode 493 - How Can I Reverse Taking Social Security?The Huberman Lab PodcastBOOK - The Power of Wonder by Monica ParkerGet inspired by the Free Range Fun Hogs blog Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

Should you use historical or projected returns in your retirement model? One of our listeners asks this question in a very eloquent way. On this episode of Retirement Answer Man, I’ll spend some time on this question and share my thoughts on which type of model you should use. You’ll also hear the answers to several other listener questions before Kevin Lyles and I discuss tips for having successful conversations with your spouse in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [1:30] Should we use historical or projected returns?[20:11] What is the intent?[23:00] What I sound like at 75% speed[24:05] How to rank spending priorities[28:24] Insurance options before Medicare[32:14] On estimating longevity in a retirement planBRING IT ON WITH KEVIN LYLES [35:48] Conversations to have with your spouse in retirement[38:11] Tips for successful conversations[40:42] Questions to ask each otherTODAY’S SMART SPRINT SEGMENT [50:32] Review your capital market assumptionsResources Mentioned In This Episode Viking CruisesRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK -  Rock Retirement  by Roger WhitneyRoger’s Retirement Learning Center

The host reflects on reaching 500 episodes, emphasizing consistency and celebrating achievements. They discuss politics, curiosity, marketing tactics, and interacting with listeners. Building confidence in retirement planning and cautioning against blindly following common wisdom. Messages of congratulations and exploring stoic philosophy. Discussing passions in retirement, addressing shame and providing suggestions for discovering or developing passions.

Do you think the Roth conversion question is an essential part of retirement planning? If you do, you haven’t been paying attention to my podcasts!In this episode of the Retirement Answer Man show, we’ll work through how you can build a framework for deciding whether you should do Roth conversions. If you listened to the Roth conversion series you can’t miss this episode. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:30] Books I read last month[5:12] Framework for building a Roth conversion[15:42] Considerations for making a Roth conversions[22:07] How to decideLISTENER QUESTIONS [27:21] Jeffrey appreciated the how of Roth conversions[28:05] A comment on the pro rata rule[29:15] On funding the years between retirement and pension[35:06] On HSA funding strategies in the final year of workBRING IT ON [38:41] On shifting your mindset[42:00] What thread are you carrying on?TODAY’S SMART SPRINT SEGMENT [42:35] Schedule a time to go through an OODA loop to decide on your Roth opportunityResources Mentioned In This Episode BOOK - Seveneves by Neal StephensonBOOK - Cryptonomicon by Neal Stephenson BOOK - Reamde by Neal StephensonBOOK - All Quiet on the Western Front by Eric Maria RemarqueBOOK - Dead Fall by Brad ThorEpisode 495 - The Rules for Roth ContributionsRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center