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

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

🗓️ 29 January 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this final episode of the Retirement Plan Live series, we welcome back Laura and Nick to discuss their unique perspectives on investment risk and aging, particularly from the viewpoint of individuals without a traditional support network. They share their insights on how to navigate financial planning while maintaining a fulfilling life in retirement. Join us as we explore the importance of resilience and community in retirement planning, and don't miss the upcoming live events for deeper engagement!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:00) Today is the last in the Retirement Plan Live series with Laura and Nick.
(00:45) On this episode Roger will talk about retiring as a single person with no children.

LAURA’S VIEWS

(01:58) Laura says she doesn’t want to spend her retirement just managing finances.
(06:52) Roger asks Laura about her experience with markets and risks in investment.
(12:15) Roger asks Laura what her ideal situation would be for housing and how she plans to maintain her home as she ages.
(15:50) "As we age, the current pulls us to isolation." Roger talks about Laura’s social plans in retirement.
(18:25) One area that Laura is going to have more evolved skills is living alone and navigating socially as a single person.
(21:19) On January 30th, Roger and Laura are going to review Laura's vision in a LIVE webinar.

NICK’S VIEWS

(22:36) Roger asks Nick if there is anything else that has come to mind from previous conversations on the show.
(25:30) Roger and Nick talk about investing when it comes to risk in stocks and bonds.
(29:05) Roger weighs in on becoming more financially conservative in early retirement.
(35:52) Nick reflects on aging and maintaining his home as a single man with no children.
(37:45) Nick says he lives in a multifamily home with a robust community with a senior center.
(47:50) Roger talks to Nick about living in a metropolitan area and volunteering in retirement.
(53:12) On February 3, Roger and Nick are going to review Nick's vision in a LIVE webinar.

SMART SPRINT

(55:22) In the next seven days, visit the Hartford website link that we share in Six Shot Saturday to explore the MIT Age Lab studies.

BONUS

(56:58) Roger reads from his grandfather’s WWII journal.

REFERENCES

Show notes created by https://headliner.app

Transcript

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0:00.0	age is an issue of mind over matter.
0:04.7	If you don't mind, it doesn't matter.
0:08.2	Mark Twain.
0:11.7	Welcome to the show dedicated to helping you not just survive retirement,
0:15.7	but to have the confidence because you're doing the work to really lean in and rock it.
0:22.2	All right.
0:23.0	Today is the last in the retirement plan live series with Laura and Nick.
0:29.8	Haven't they been awesome?
0:31.5	What a blessing to have Laura and Nick and everybody else that raise their hand to make this series possible. Thank you so much.
0:40.8	And today we're going to talk about their perception of investment risk and aging as a solo,
0:48.4	as someone who's never married and doesn't have children or as much of a support network.
0:52.9	And then on January 30th, we're going to talk with Laura Live in a live event where we're
0:58.1	going to go through her vision, whether it's feasible and how to make it resilient.
1:02.3	And then Monday, February 3rd, we're going to do a live event at 7 p.m. Central, both of them,
1:08.4	with Nick, and do the exact same thing.
1:12.6	And if that wasn't enough, on Thursday, January 30th, we open enrollment for the Rock Retirement Club. I invite you to
1:20.0	join the club and get access to all of the tools you need to build your retirement plan
1:26.3	of record, as well as have the support from experts in the field
1:30.7	and a cohort of over a thousand pre-imposed retirees, all with no hustle or sales pitch once you're in a
1:39.7	club. It's a safe place to focus on retirement planning. We'll have an open house on February 4th,
1:44.7	and you can learn all about that at live with roger.com.
1:48.8	All right, with that said, let's get down to the work
	...

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