Replay: The State of Retirement Planning with Michael Kitces

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

🗓️ 9 July 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

All of July we will be replaying some of our popular past episodes. In this episode, we engage with retirement planning expert Michael Kitces as we explore the evolving landscape of retirement planning. Discover the importance of flexibility in retirement spending and how to select the right retirement planner for your needs. We also discuss the implications of dying with too much money and the critical questions you should ask when interviewing potential advisors. Tune in for insights that will empower you to not just survive, but truly rock your retirement!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(0:00) The key to finding a retirement planner is to find someone that puts YOU and not your money in the center of everything.
(00:45) Today we have a replay of last year's interview with Michael Kitces.

INTERVIEW WITH MICHAEL KITCES

(02:11) Roger introduces Michael Kitces and chats about flexibility.
(13:30) Michael says as a professional, he does not want to have a client fail on his watch.
(19:21) Roger says the quote that comes to mind when he thinks about retirement planning is: “You’re never going to be exonerated from uncertainty, pain, or the need to do work” Stutz
(24:00) Most people understand that change is to be expected.
(29:05) Michael talks about risk tolerance.
(32:55) Michael reflects on the question “How do we help clients actually make better decisions?”
(33:51) Tips on how to choose a retirement planner.

SMART SPRINT

(45:55) In the next seven days, evaluate the quality of your process for making decisions in retirement.

RESOURCES

BOOK - Die with Zero by Bill Perkins
BOOK - It’s Not Complicated by Rick Nason
Kitces.com
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center

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Transcript

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0:00.0	The key to finding a retirement planner to help you rock retirement is to find somebody that has a
0:06.1	process that puts you, not your money, in the center of everything.
0:17.0	Well, welcome to the show dedicated to helping you, not just survive retirement, but to have the confidence to lean in and rock it because you're doing the right work.
0:26.9	Oh, it's July.
0:27.9	Welcome to the show.
0:28.8	Hopefully you had a great Fourth of July.
0:30.8	We are continuing this July series of re-airing some of the more important conversations we've had with some experts. And today we're
0:39.6	going to talk to Michael Kitsis, chief financial nerd, on the state of retirement planning.
0:47.9	We talk about how not to die with too much money, the state of retirement planning in general,
0:53.2	how to choose a retirement planner.
0:56.4	Really good conversation. He is a keen observer of the industry. Now, if you are searching for a
1:03.6	retirement planner to help you solve some issue, we will share in this weekend's noodle a protocol to help you evaluate and interview
1:15.8	candidates that you discover so you can find a better match for you and the issue that you're
1:21.9	trying to solve. After doing this for 30 plus years, I can tell you, very rarely do I just talk to a prospective
1:31.4	client that has a protocol to really ask tough questions to tease out whether we're the right
1:39.2	match.
1:40.4	And so I think using this type of structure can really help you.
1:43.3	So we'll, we have a worksheet that you can walk through and be used to interview candidates.
1:49.1	We'll share that in the noodle.
1:50.6	If you're not signed up for the noodle, you can go to the noodle.m.
1:55.3	Sign up and then you can get access to that resource to try to find someone that is a good fit for you.
2:05.9	Michael, I'm so excited to hang out with here to talk about the state of retirement planning.
	...

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