Retirement Plan Live Debrief with Tanya Nichols

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

🗓️ 19 February 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

💬 Show Notes

In this episode, we explore the essential questions of retirement planning with financial expert Roger Whitney and guest Tanya Nichols from Align Financial. They dissect the case studies of Laura and Nick, highlighting their unique approaches to retirement and how their lifestyles influence their financial decisions. Tune in for insights on spending, confidence in planning, and the importance of resilience in your retirement strategy!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:00) Stage one of retirement planning involves answering the central questions
(00:54) Today, Roger chats with Tanya Nichols about the Retirement Plan Live case studies.

DEBRIEF WITH TANYA NICHOLS

(02:40) Roger introduces Tanya Nichols with Align Financial.
(03:28) Roger and Tanya discuss Laura’s RPL plan.
(05:25) What risks are associated with having a lean spending plan?
(08:35) Once people realize they can achieve something, they pause and evaluate reality.
(09:58) Roger asks Tanya how she determines how hard to push clients when they're afraid of the next step.
(12:10) Tanya and Roger discuss Nick’s RPL plan.
(14:50) If you have a plan that is feasible and resilient, you will likely have an inheritance even if it isn't planned for.
(17:00) Roger talks about the importance of a resilient plan.
(21:18) Roger and Tanya compare/contrast Nick and Laura’s plans
(23:10) Roger asks Tanya how she incorporates current world events into retirement and life choices.

LISTENER QUESTIONS

(25:06) John asks a question about best utilizing extra income.
(29:38) Edward asks a question about diversification versus safety.

SMART SPRINT

(38:21) In the next seven days, I encourage you to start organizing your tax documents and get them to your CPA as early as possible.

BONUS

(39:34) Next installment of Roger’s grandfather’s WWII journal.

REFERENCES

Show notes created by https://headliner.app

Transcript

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0:00.0	Welcome to the show dedicated to helping you not just survive retirement, but to have the confidence because you're doing the work, to really lean in and rock it.
0:12.0	When I think of retirement planning, stage one is answering the central questions.
0:18.9	Can I retire? Am I okay? Will I run out of money? What will my
0:26.5	retirement look like? Those central questions have to be answered first before you can get on
0:33.9	to the business of thinking in a more expansive way about what could be possible.
0:40.8	And they're both important. We don't just want to survive. We want to get those central
0:45.0	questions answered, but then we want to think about how we can flourish beyond that.
0:52.0	It doesn't get much more complicated than that. Today on the show, we are going to
0:57.0	have Tanya Nichols from a line financial on to do a debrief on Laura and Nick's case studies that we
1:03.7	did in January. Tanya listened to them all and watched the replays. We're going to talk about how
1:08.5	they were similar, how they were different, and some
1:11.4	lessons related to them. So we're going to do that. And then in addition, we're going to answer
1:15.8	some of your questions. Now next week, I'm going to bring my soapbox back out and try to hit
1:23.6	head on the question of should I have private equity in my retirement portfolio.
1:31.2	There's been a best-selling book arguing that you should have private equity investments in your
1:35.7	portfolio. I had a question from a listener where they're being recommended to have private
1:41.5	equity. So I want to hit this one head on and what, if any, is the
1:45.2	role. So we're going to do that next week. But for now, let's go talk with Tanya and debrief on our
1:51.5	retirement plan live case studies. Debriefs are a great idea to do after you've gone through something, whether it's a meeting
2:06.3	or a vacation. It's good to do a debrief just to sort of reflect back upon what's happened,
2:12.9	because it's easy just to move on to the next thing and not really integrate any lessons or aha
2:18.9	moments that you had. So Laura and Nick from last month's retirement plan live, I encourage you
	...

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