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Retirement Answer Man

Stop Doing These Things in Retirement

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.71.1K Ratings

🗓️ 8 May 2024

⏱️ 62 minutes

🧾️ Download transcript

Summary

Let’s get back to basics—addition and subtraction two ways to get to the same answer. However, we have a tendency to stick with addition. Today we’ll learn how subtraction can help you come out ahead.

Why am I talking about elementary math on a retirement podcast? Listen in to find out.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [2:12] Is scarcity really a negative thing?
  • [6:04] Stop trying to aim for precision
  • [11:17] Stop making retirement planning your new job
  • [14:03] Stop optimizing for returns
  • [17:42] Stop thinking you have to retire to something rather than from something
  • [21:25] Stop thinking you can wait
  • [24:16] Stop thinking you need to resign yourself to what is

LISTENER QUESTIONS

  • [27:10] Turn off dividend reinvestment in your decumulation phase
  • [30:00] A rucking comment
  • [31:03] On Social Security survivor benefits
  • [33:26] On inherited IRAs

ROCK LIFE WITH DR. BOBBY DUBOIS

  • [35:15] Movement studies
  • [45:05] Why does movement matter?
  • [48:51] Why the Hadza’s sedentary lifestyle is different from ours
  • [50:55] Why vitamin D is or isn’t helpful

TODAY’S SMART SPRINT SEGMENT

  • [1:00:34] Find an opportunity to move

Resources Mentioned In This Episode

YouTube video - What You Should Know if You Inherited an IRA

Episode 532 - How To Manage Your Scarcity Brain With Michael Easter

Episode 530 - What Is True Retirement Planning? With Christine Benz

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

Click on a timestamp to play from that location

0:00.0

The show is a proud member of the Retirement Podcast Network.

0:05.0

This show is dedicated to helping you not just survive retirement, but to have the

0:10.3

confidence because you're doing the work to really lean in and rock it.

0:16.0

Roger Whitney here by day. I am a practicing retirement planner with over 30 years

0:28.1

experience and founder of Agile Retirement Management and the Rock Retirement Club.

0:34.0

And over the last 10 years, you and I have been able to hang out on this show on a weekly basis

0:39.4

and talk about how do you actually do retirement planning so you can go create a great life.

0:45.8

Not just simply to be a great retirement planner, that's my goal obviously, but it's all about

0:50.9

the outcomes of creating a great life.

0:53.0

So I'm privileged to hang out with you each week.

0:55.2

Today on the show, we're going to talk about probably one of the most important concepts

0:58.7

when it comes to doing retirement planning right and still having enough time to go create that

1:06.6

great life because your time is your scarce this resource and there's so many

1:10.9

things that we do in retirement planning that bluntly is mostly a waste of time, not adding a lot of value.

1:16.0

We're going to talk about some things that maybe you should stop doing in your retirement planning.

1:21.0

In addition to that, we're going to answer some of your questions in our

1:23.7

rock life segment, Dr. Bobby Du Bois is going to come on and talk about some studies that

1:27.9

he's been contemplating on how we can build energy so we can show up for this great retirement.

1:35.0

Now, I encourage you, if you like the show, go sign up for our weekly email,

1:40.8

which will give show recaps, handy tips, and exclusive content,

1:45.0

our six-shot Saturday email.

1:47.4

We'll have links to things we talk about on the show.

...

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