Don't Fly by Feeling in Retirement

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.7 • 1.1K Ratings

🗓️ 5 February 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

💬 Show Notes

In 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

Show notes created by https://headliner.app

Transcript

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0:00.0	every system is perfectly designed to get the results it gets.
0:06.9	Think about that for a second.
0:09.0	Edward Deming.
0:13.3	Welcome to the show dedicated to helping you not just survive retirement, but to have the confidence
0:18.4	because you're doing the work to lean in and rock it. Welcome to
0:22.7	the show. It is February. I want to start off by thanking Laura and Nick for being willing to share
0:32.4	their story so publicly and lean in to the case studies that we had last month. Seriously, guys, thank you so
0:41.2	much and thank everybody for the kind words and the suggestions and the encouragement to both
0:47.0	of them. I love doing that series. Love walking with people. In a couple of weeks,
0:53.5	Tanya Nichols of Align Financial and I are going to hang out and do a debrief of the two case studies of retiring single with no children.
1:03.4	How do you rock retirement?
1:05.1	We want to have you participate.
1:07.1	So in our Six Shot Saturday email, we're going to share a form, a link to a form where you can
1:14.3	share your resource, your wisdom, or your tips on how to rock retirement if you're single
1:21.2	with no kids. If you have anything that might inform that journey, whether it's how to travel
1:26.9	alone with confidence or places, groups that you can travel with, whether it's how to travel alone with confidence or places, groups that
1:29.8	you can travel with, if it's on powers of attorney or trustees for later in life and managing
1:36.1	health care, anything that you have found or have seen that is helpful, we'll try to incorporate
1:42.6	that into the debrief show.
1:46.7	Our practical planning segment today, I want to talk about not flying by feeling through
1:54.3	your retirement. So let's get to that segment.
2:07.7	I don't know if you've noticed, but there's been a lot of change happening around here.
	...

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