Lessons from Mike and Judy’s Investment Experience

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

🗓️ 26 June 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every one of us has a different tolerance for risk. We even have different risk tolerances at different points in our lives. In this episode, we’ll learn about Mike and Judy’s comfort level with their investments. Learn how they’ll develop an investment approach that matches their risk tolerance.

If you have been enjoying Mike and Judy’s journey crafting their retirement plans, you won’t want to miss their live feasibility test on July 8. Join us on the latest Retirement Plan Live by signing up at LiveWithRoger.com.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

MIKE AND JUDY’S PAST INVESTING EXPERIENCE

[2:30] Your investment strategy needs to match your comfort level
[5:16] Contemplating Judy’s news
[17:19] Their investment philosophy
[23:51] What worries them most about retirement
[27:59] How will they pay for retirement?

ROCK LIFE WITH KEVIN LYLES

[31:30] Learning from those who have walked this path
[35:33] What you can do to improve your competence in an area

TODAY’S SMART SPRINT SEGMENT

[37:04] Review the RISA pdf to learn more about your risk tolerance

Resources Mentioned In This Episode

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

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0:00.0	The show is a proud member of the Retirement Podcast Network.
0:03.4	Well, hey there, welcome to the show dedicated to helping you not just survive retirement,
0:09.6	but to have the confidence because you're doing the work, to really lean in and rock it.
0:16.0	My name is Roger Whitney by day. I'm a practicing retirement planner with over 30 years
0:20.7	experience, founder of agile retirement management and for the last 10 years
0:26.3	just on a weekly basis I've hung out on this show many of you have hung out almost as long
0:31.1	to do a couple things.
0:33.0	Number one is for me to hone my craft,
0:34.8	if this is my lab to hone my craft,
0:37.4	but more importantly, to empower you
0:40.8	to create a retirement plan of record that you can have confidence in so you can
0:46.2	go off and create a great life which is the whole point of the exercise.
0:49.8	Today on the show we have Mike and Judy we We've been talking to them throughout the month. We heard their values, what their ideal retirement goal-wise looks like, the resources they have. Today we're going to explore their investing experience
1:04.5	and then on July 8th live they're going to hang out with you and I if you want to
1:09.8	join us and we're going to look at a feasibility test to see if their ideal retirement is feasible.
1:17.4	And if not, how do they get to a feasible plan so they can have confidence that they can move forward with their life in retirement.
1:25.0	So we're going to do that on July 8th.
1:27.0	If you want to attend live or receive a replay in the event that you can't attend,
1:31.0	you can go to live with Roger.com and sign up for that
1:37.0	live event. That's going to be a blast, it always is. With that, let's get on with the
1:42.3	show.
1:44.0	In addition to the live event on July 8th,
	...

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