Take Action Now for a Resilient Retirement

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

🗓️ 12 February 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

💬 Show Notes

In this episode, we tackle the essentials of retirement planning with an engaging discussion led by Roger Whitney. We explore the importance of prioritizing what truly matters in your retirement journey and how to create a resilient plan that secures your desired outcomes. Roger emphasizes that retirement planning is merely a tool to achieve a fulfilling life, not the end goal itself. Joining him is Nicole Mills, who shares insights and updates on Six Shot Saturday and reads listener questions about retirement. Don’t miss this enlightening episode!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:30) Roger says retirement planning is not that interesting, but a means to an end.
(01:41) Roger challenges listeners to take action on what is talked about THIS week.

PRACTICAL PLANNING SEGMENT

(02:50) Retirement planning is a self-interested process.
(05:28) What questions do you want to answer in a healthy way?
(06:45) Now is the time to make sure you have a resilient plan.
(10:54) How do we make a plan resilient?
(18:30) Markets are at an all time high, don’t get overly optimistic.

LISTENER QUESTIONS

(20:05) Nichole Mills joins Roger on the show.
(20:45) We have some changes happening with Six Shot Saturday.
(22:22) Listener TJ asks about building a bond ladder as he gets closer to retirement.
(28:25) Jeff asks an optimization question about withdrawals from assets in retirement.
(31:37) DJ is a new retiree and asks how Roger determines whether to make withdrawals annually, semi-annually, quarterly, or monthly.
(36:30) Bill says he interviewed a financial planner and asks for clarification on fiduciary and non-fiduciary advisors.

ROCKING RETIREMENT IN THE WILD

(39:30) Roger talks about his new segment.
(40:45) Listener Jeff talks about his retirement, irrational fears of the unknown, and how his plan gave him confidence.

SMART SPRINT

(43:50) In the next seven days, if you are within three years of retirement, get a resilient plan of record in place.

BONUS

(45:40) Roger shares the next mission from his grandfather’s WWII journal.

REFERENCES

Transcript

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0:00.0	The things that matter the most must never be at the mercy of the things that matter least.
0:07.2	J.W. Van Gerte.
0:12.4	Welcome to the show dedicated to helping you not just survive retirement, but to have the confidence because you're doing the
0:22.2	work to lean in and rock it.
0:26.3	All right off the bat, I have a statement and a challenge to you.
0:32.4	How's that?
0:33.0	We're going to get moving today.
0:34.7	Statement.
0:35.9	Retirement planning isn't that interesting. It's not. It's not that cool.
0:43.4	The cool kids aren't doing retirement planning. You know what the cool kids are doing? They're going
0:49.2	and creating a pretty amazing life. Retirement planning is simply a means to creating a great life.
0:57.5	Got to keep the most important things up front. Retirement planning is not the most important
1:02.9	thing. It's a means to the most important thing. It's important to remember that. So,
1:09.2	if you're geeking out on this stuff, God bless you,
1:12.6	but don't forget your life. If retirement planning is overwhelming, I want to assure you,
1:20.2	it doesn't have to be. It can be a good process that you can know enough about so you can get back to your life.
1:29.6	Don't get overwhelmed by this stuff.
1:31.4	And I'll do my best not to go down the geek rabbit hole too often and less necessary.
1:36.9	Okay.
1:37.5	So that's my statement.
1:39.5	My challenge to you is if you're within a few years or in retirement,
1:47.5	take action on what we talk about this week.
	...

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