Rocking a Solo Retirement: Nick's Goals/ Laura's Goals

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

🗓️ 15 January 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the latest episode of the Retirement Answer Man Show, where we explore the journey to a fulfilling retirement. Join us as we continue our live case studies with Laura and Nick, who share their goals and aspirations for their ideal retirement life. This episode offers insights into planning for a future that aligns with your values, including discussions on long-term care, financial independence, and the importance of self-reflection. Plus, we tackle a listener's question about retirement planning conferences and share details about our upcoming Rock Retirement Club Roundup.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:30) We are on week 2 of our LIVE case studies with Laura and Nick.
(01:30) Question from listener Brad about retirement planning conferences.
(03:35) We will share the agenda from the 2024 Roundup in our Six Shot Saturday email.

LAURA’S GOALS FOR RETIREMENT

(04:30) Laura reflects on talking about herself on the show.
(08:30) Laura talks about her mom and helping her navigate old age.
(12:20) This week we're going to focus on turning your values into goals.
(13:35) Laura shares her estimated monthly expenses to maintain a base great life.
(16:07) Laura talks about her transportation and car buying habits
(18:40) Laura discusses potential home improvements in the next 10 years.
(20:05) Laura estimates the cost for her moms continued care.
(23:12) We estimate an annual travel expense for 15 years.
(28:00) Next week, we'll examine what resources you have to pay for your life

NICK’S GOALS FOR RETIREMENT

(28:35) Today we're going to talk about what Nick wants for retirement
(30:15) What does it cost to live the life of Nick on an annual basis?
(31:24) Nick talks about healthcare costs.
(33:25) We talk about other nonnegotiables for Nick.
(34:20) Nick talks about travel plans in retirement.
(36:33) Nick discusses his desire to be able to leave some money to his nieces and nephews.
(39:40) Nick plans to leave some money for the charitable organizations he supports.
(41:55) Nick talks about purchasing longterm care as he ages versus joining a continuing care community.
(46:25) Are you planted community wise? Is this where you're going to be longterm?
(48:17) Was there anything that you wanted to put on that lifestyle design worksheet that you didn’t?

SMART SPRINT

(50:55) In the next seven days, grab the retirement lifestyle workbook from our Six Shot Saturday email and start to think about what it is that you want in retirement.

BONUS

(51:55) Roger reads from his grandfather's WWII log.

RESOURCES

Books

Show notes created by https://headliner.app

Transcript

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0:00.0	The show is a proud member of the Retirement Podcast Network.
0:04.0	There is no way you will experience your best life if you try to operate out of your history
0:09.9	or memories of your past.
0:13.1	Ed Milit.
0:16.5	Well, hey there.
0:17.4	Welcome to the Retirement Answer Man's show.
0:19.1	The show dedicated to helping you not just survive retirement.
0:23.1	But to have the confidence, because you're doing the work, to really lean in and rock it.
0:29.4	We are on week two of our live case studies with Laura and Nick.
0:34.0	Today, they are going to talk about the goals that represent their best life and share
0:42.7	the base great life and wants and wishes they have for the future.
0:48.3	All right.
0:49.2	I have a feeling.
0:51.1	This is my impression.
0:52.2	I'll love to hear your feedback as we go through this,
0:55.8	but I've already recorded these sessions with Laura and Nick. I think this may be the best
1:02.3	case study studies that we've ever done. I love the spirit that they're bringing. I love the
1:09.3	different approaches and the way that we can hear
1:13.0	the different perspectives from each of them. So I just think this is a great one. If you know
1:19.2	someone that would benefit from this, share the show with them. All right, before we get to
1:24.1	Laura and Nick, have a quick question from Brad on retirement planning conferences.
1:31.9	To say, hello, I'm curious if you are aware of retirement planning conferences held throughout
	...

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