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Hosted by roger whitney
Hosted by roger whitney
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4 episodes with roger whitney
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3 episodes with roger whitney
3 episodes with roger whitney
Why This Episode Is a Must-Listen Today's retirees face more uncertainty than ever: market swings, inflation, and the disappearance of traditional pensions. In this episode of Inspired Money, host Andy Wang brings together four of the leading voices in retirement planning for a candid, practical conversation—one that moves beyond “rules of thumb” to reveal actionable ways to create reliable income and lasting peace of mind for your retirement years. If you want clarity in your retirement income plan, ideas to maximize your savings, or strategies for a fulfilling next chapter, this episode is packed with the real-world wisdom you need. A Word From Our Sponsor If you're looking for a standing desk to improve your posture, comfort, and overall work setup, I highly recommend the Ergonofis Sway Desk—it's beautifully designed, incredibly sturdy, and sustainably made. Check it out at my affiliate link: inspiredmoney.fm/standingdesk (I may earn a commission if you make a purchase, at no extra cost to you.) Meet the Expert Panelists Jamie Hopkins, Esq., LLM, MBA, is the Chief Wealth Officer at WSFS Bank and Chief Executive Officer of Bryn Mawr Capital Management. A nationally recognized retirement planning expert, Jamie has dedicated his career to improving financial security for Americans through leadership roles in wealth management, financial education, and nonprofit advocacy. He is the founder and president of the FinServ Foundation, a nonprofit focused on expanding access to financial services careers. With a background in law, finance, and academia, Jamie brings a multidisciplinary approach to helping individuals and institutions build sound retirement income strategies. www.jamiehopkins.com www.bmt.com Dana Anspach, CFP®, RMA®, is the founder and CEO of Sensible Money. She's dedicated her career to helping people create sustainable retirement income plans. She's the author of "Control Your Retirement Destiny" and "Social Security Sense." Dana's hands-on experience makes her a wealth of practical knowledge. https://www.sensiblemoney.com Kerry Hannon is a nationally recognized workplace futurist, personal finance expert, and best-selling author who has spent over three decades guiding Americans—especially midlife professionals and women—through career transitions, entrepreneurship, and retirement planning. Her forthcoming book, Retirement Bites: A Gen X Guide to Securing Your Financial Future—now available for pre-order on Amazon—offers empowering, practical advice to help the overlooked generation take charge of their next chapter with confidence and purpose. https://kerryhannon.com Roger Whitney, CFP®, CIMA®, CPWA®, AIF®, the "Retirement Answer Man," is a Certified Financial Planner with 27+ years in finance. Author of "Rock Retirement" and founder of the Rock Retirement Club, he's also the voice behind the popular Retirement Answer Man podcast that has over 8 million downloads. https://www.rogerwhitney.com Key Highlights: Retirement Isn't Just About Maximizing Returns—It's About Reliable Income and Peace of Mind Dana Anspach reminds us: “A good retirement plan shouldn't be tied to where that pogo stick is on its trajectory. It's one that focuses on stability of cash flows over time.” The panel discusses why shifting your mindset from maximizing account balances to managing sustainable cash flow is key to peace of mind. Work, Entrepreneurship, and Purpose Play Critical Roles in a Modern Retirement Kerry Hannon points out that working longer—whether through career extension, entrepreneurship, or passion projects—can boost both financial security and life satisfaction. “How can you continue to work longer? It's a dramatic way to give yourself some security in retirement if you can stay working longer.” The episode explores creative ways Gen X and boomers are redefining "retirement." There's No One-Size-Fits-All: Frameworks vs. Rules Roger Whitney insists that “the answer to almost every question...is ‘It depends'.” No single formula fits everyone; a personalized, evolving plan that balances what you want out of life with practical financial strategies is essential. The episode delves into why regular reviews and customized “guardrails” are more important than rigid withdrawal rules. Guardrails, Buckets, and Behavioral Coaching Are More Vital Than Ever Jamie Hopkins and Dana Anspach review popular strategies like bucket and guardrails approaches, emphasizing that tools and behavioral coaching work best when tailored to each retiree's unique needs and anxieties. Jamie also warns about new financial threats: “I think that fraud...is going to become rampant. It's the biggest concern out there...it's a big concern.” Call-to-Action If you've been feeling uncertain about your own retirement income plan, here's your assignment for the week: Take 30 minutes to map out your expected sources of income in retirement—pensions, Social Security, savings, investments—and identify any potential gaps. Just getting it on paper can give you clarity and a starting point to make smarter, more confident decisions. Thanks for tuning in to Inspired Money. Keep learning, stay intentional, and as always—be inspired to take action. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
Joe sits down with Roger Whitney, the Retirement Answer Man, to discuss agile retirement planning, financial confidence, and redefining retirement beyond just money. Roger shares insights on why retirement is not a math problem, how to invest in your life and passions, and the importance of social engagement and community in retirement. They also explore how the Rock Retirement Club helps retirees navigate financial and lifestyle transitions, avoid common pitfalls, and build a fulfilling future. Tune in for expert strategies on retirement income planning, financial freedom, and creating a confident retirement mindset. Read the full show notes and find more information here: EP 135 Show Notes
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Doug Mann. They talk about a wide array of retirement planning topics such as retiring and living abroad in Thailand and the unique planning considerations involved with being abroad full-timeLinks in this episode:Doug's travel/photography website - www.photomann.comThe Rock Retirement Club - hereRetirePlan website - hereDoug's episode on Roger Whitney's Retirement Answer Man podcast - hereTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.comTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com
Here's a shock: our least favorite brokerage company is in the news again with some monster hidden fees. Robinhood is accused of charging customers a huge "spread" between the amount option buyers pay and the amount sellers receive. While this isn't a charge on the statement, it's a lot of money (nearly double) that other companies charge. This topic got us thinking: what hidden charges, expenses, and costs exist in our life that we overlook or choose to ignore? How much are all of THESE costs adding up? We have the perfect triumvirate for this discussion. Jen Smith, one half of the Frugal Friends duo joins us (they talk consumption non-stop on their podcast). Roger Whitney chimes in (his Retirement Answer Man helps people control excess costs in retirement or when prepping). OG also joins in, with all of his experience helping clients reach their goals. It's a wide ranging, fun discussion, from the cost of pollution to hidden Doordash costs we didn't know about! Of course, halfway through this episode, we take a break to challenge these contributors to a round of Doug's epic trivia. FULL SHOW NOTES: https://www.stackingbenjamins.com/hidden-fees-and-costs Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this episode of the Retirement Answer Man, Roger Whitney wraps up his series on the eight pillars of a great retirement plan by diving into the last two non-financial pillars: passion and relationships. Discover how your hobbies, curiosities, and social connections can significantly impact your retirement happiness. Roger also shares personal stories and practical tips on maintaining energy, fostering a growth mindset, and building a fulfilling post-retirement life. Tune in for insights and strategies to help you rock your retirement! PRACTICAL PLANNING SEGMENT(00:26) Eight pillars are needed as a foundation for having a great retirement plan(02:50) Importance of showing up and doing the work(04:12) Having projects is a core component of living an enriching, full life(04:49) Passion is our next nonfinancial pillar, find projects you're passionate about(07:19) What are the obstacles to pursuing passion and projects outside of retirement(08:50) Roger's personal anecdote about digital obstacles(10:30) Plan for developing passions(11:52) Last of the four non-financial pillars is relationships(15:17) What are the obstacles of building relationships?LISTENER QUESTIONS (18:50) Mark asks about spousal IRA(20:09) Question from Beth: Should I keep 401k or roll over to an individual IRA?(24:28) Fund choices can be a determinant of your 401K success(27:07) Simplification and consolidating your assets into an IRA(30:21) Listener feedback on losing a spouse(34:50) It only takes one account or property to force probateSMART SPRINT(37:20) Identify one thing that you are curious about and pull that thread
Andy chats with fellow retirement planner Roger Whitney, CFP®, CIMA®, CPWA® from The Retirement Answer Man podcast. In this episode they talk about a wide array of retirement planning topics such as tax planning, investing, annuities, how to help advise people get over the hurdle of not wanting to spend their money, what consumers often overlook in retirement planning and much more!Links in this episode:Roger's website - The Retirement Answer ManBronnie Ware's book - The Top Five Regrets of the DyingRoger's workbook of info and questions about - Finding a Trusted AdvisorTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Selling the business and retiring isn't an on/off switch. When you approach it like a dimmer, you gain the confidence to transition with peace of mind. Roger Whitney, the Retirement Answer Man, points out that decisions like taking a pension or lump sum are just the basics. The real focus should be on the visionary choices that truly shape your retirement. KEY TOPICS How to stop losing sleep over retirement planning. Recognizing and honoring phases of life as they evolve. Why the primary crisis of retirement is sheer lack of confidence. How to map out “what's next” following your retirement. CHAPTERS 00:00 Mission of Decidedly 04:02 Roger Whitney, the Retirement Answer Man 06:35 The Crisis of Your Confidence 09:00 When You're Nervous to Retire 13:39 The First Steps to Retirement Planning 16:26 Stop Chasing the New Strategy 20:00 Make Yourself Uncomfortable 26:16 Embracing New Seasons 30:05 Retiring to Something Refreshing 35:08 Post-Retirement Goal Setting 37:40 Rich People Don't Think They're Rich 41:36 Gratitude Practice to Combat Fears 43:30 Repairing a Bad Money Decision 48:52 Decision Tip for Business Owners 50:44 Key Takeaways 51:36 Producer Closing CONNECT WITH US www.decidedlypodcast.com Watch the full episode on YouTube Subscribe to watch weekly episodes on YouTube Join us on Instagram: @decidedlypodcast Join us on Facebook Shawn's Instagram: @shawn_d_smith Sanger's Instagram: @sangersmith Thank you to Shelby Peterson of Transcend Media for editing and post-production of the Decidedly podcast. SANGER'S BOOK: A Life Rich with Significance: Transforming Your Wealth to Meaningful Impact SHAWN'S BOOK: Plateau Jumping: What to Change When Change Is What You Want MAKING A FINANCIAL DECISION? At Decidedly Wealth Management, we focus on decision-making as the foundational element of success, in our effort to empower families to purposefully apply their wealth to fulfill their values and build a thriving legacy. LEARN MORE: www.decidedlywealth.com SUBSCRIBE TO THE NEWSLETTER: https://visitor.r20.constantcontact.com/manage/optin?v=001aeU_pPBHJPNJWJBdVbaci6bjGIuEJurH12xHBWDEVT_NxyCadMd7wLSZjcEZglkSjDjehuIbTHD8nABOIdV69ctfYpSzg24RCIytetBUrlIPPKgaGzjGZ8DkM0Wp1LMjbErcYUur7PbZGjeVo4gyXlz821AoJGZR CONNECT WITH ROGER WHITNEY Website: www.rogerwhitney.com Retirement Answer Man Podcast: www.rogerwhitney.com/blog Rock Retirement Book: www.rogerwhitney.com/the-book Roger has been walking life with clients as a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man® podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time. Roger established the RRC in 2018 to help foster a safe online space for soon-to-be retirees to learn, plan, and interact with other like-minded folks on the path to retirement. As if that's not enough to keep him busy, he is the author of Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future, a Forbes online contributor, creator of the Agile Financial Planning process, and past instructor of the Retirement Planning & Employee Benefits CFP® certificate program at the University of Texas Arlington and of Wealth Management at Texas Christian University. Investopedia has named him to the Top 100 Most Influential Advisors 2017-2019 & 2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017).
Are you ready to get answers to some BIG retirement questions? Questions such as: ➤ What role does the equity in my home play in my retirement plan? ➤ Why should I do Roth conversions to help mitigate taxes on my kids' inheritance? ➤ Are closed-end funds a good investment? ➤ How do I properly evaluate pension vs. lump-sum decisions? Today on the show, I'm answering these questions (and more!) with my good friend, Roger Whitney. I'm also providing an update on the Retirement Podcast Network after taking a hint from 1,000+ retirement savers. *** FREE RETIREMENT PLANNING RESOURCES: Subscribe to the Stay Wealthy Retirement Newsletter! As a thank you, you'll receive three (3) of my MOST popular retirement & tax cheatsheets. You'll also receive my weekly retirement newsletter :)
In this episode, The Annuity Man and Roger Whitney discuss: The two retirement crises Balancing on the teeter-totter Before going into fancy tactical stuff Focusing on what you can control Key Takeaways: There are two retirement crises: one is when people don't have enough money to pay the bills when they can't work anymore. The other crisis is for people with many resources and options but doesn't know the right thing to do. On the one hand, you should start having your best life today, and on the other hand, you also want to make sure that you'll be alright when you live until 80 or 90. There's tension between those two things, you're standing in the middle of it all, and you have to cover yourself on both accounts. Start with what you want, then create a strategy that will make that feasible. Make it resilient so that you don't get knocked off course and get too fancy tactics. Don't waste your life trying to predict the future or reacting to every event. Instead, focus on things that will be useful to you, like building functional health - health that will enable you to spend time with family freely. "The majority of planning which feeds the mindset of this very uncertain world is always gonna default to denying today, and that's not right because tomorrow isn't promised to anyone. You gotta be a good steward. " — Roger Whitney. Connect with Roger Whitney: Website: https://www.rogerwhitney.com/ Facebook: https://www.facebook.com/pg/retirementanswerman/posts/ LinkedIn: http://www.linkedin.com/in/rogerwhitney YouTube: https://www.youtube.com/channel/UC0gvNDYjMGdkO8OiNZu9jug Twitter: https://twitter.com/roger_whitney?lang=en Book: https://www.rogerwhitney.com/the-book Podcast: https://www.rogerwhitney.com/blog Connect with The Annuity Man: Website: http://theannuityman.com/ Email: Stan@TheAnnuityMan.com Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Al DiSalvio, who lives in New Jersey and plans on retiring in 2025. They talk about a wide array of retirement planning topics such as when Al started getting serious about retirement planning, what he wishes he would have known earlier and a variety of financial topics such as Social Security, investing, Roth conversions, how he recently took a work assignment abroad and more!Links in this episode:Roger Whitney's Retirement Answer Man podcast - hereRob Berger's YouTube channel - hereJoe Kuhn's YouTube channel - hereTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Editor's Note: This episode initially aired on July 20, 2022. It may contain some details that are out of date. According to one recent survey, only 4% of Americans have $1 million or more in retirement savings, which means 96% of us don't. Of course, depending on your situation, a million bucks may be overkill: Many people could fund their retirement years for a lot less. Still, it's a nice, round number, and one worth shooting for. Obviously, however, that's a lot of money. Is it even possible to get there? In a word, yes. And that's what we're going to talk about today: building a million-dollar nest egg, and just as important, how to figure out how much you're actually going to need. As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. This week's special guest is Roger Whitney, the Retirement Answer Man. Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos. https://youtu.be/US5Vk5nThuI Is $1 million enough to retire on? It sounds like a lot of money, but is $1 million enough to retire on? What you really need to do is figure out how big your nest egg should be and go from there. Whether $1 million is enough depends on your own situation. Check out how long $1 million will last during retirement. Read our article on the retirement numbers you should know as you plan your golden years. Where does your retirement income come from, anyway? Check out our overview of where most retirees get their money. Find out where you fit in when it comes to your retirement savings, based on your age. Our guest has a great podcast episode on investment returns and inflation during retirement. Tips for building a $1 million nest egg Ready to build your wealth? We talk about ways you can get your nest egg to that elusive $1 million mark. We have an article on how to retire with at least $1 million in the bank. Before you assume the 4% rule is still good, check out our article on rethinking this popular retirement planning strategy. Don't let taxes drain your retirement. Read our retirement tax tips to help you keep more of your money. We've got some strategies that can boost your retirement savings by $1.7 million. Before you quit your job, read our article about how to protect your nest egg after you call it quits. Make the most of your retirement with our 65 tips for a healthy, wealthy and happy retirement. Meet this week's guest, Roger Whitney Roger has been a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time. Roger established Rock Retirement Club in 2018 to help foster a safe online space for soon-to be retirees to learn, plan, and interact with other like-minded folks on the path to retirement. As if that's not enough to keep him busy, he is the author of "Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future," a Forbes online contributor, creator of the Agile Financial Planning process, and past instructor of the Retirement Planning & Employee Benefits CFP certificate program at the University of Texas at Arlington and of Wealth Management at Texas Christian University. Investopedia has named him to the Top 100 Most Influential Advisors 2017-2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017). Website Twitter Facebook YouTube LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.
There is no shortage of questions when it comes to navigating and planning for retirement. ➤ How much do I need to save? ➤ How do I optimize my tax bill and avoid overpaying the IRS? ➤ When do I take Social Security? ➤ What should I invest in? (And what should I avoid?!) The list goes on. And while you've likely read (or heard) helpful answers to most of the big questions, it never hurts to revisit them or get a different perspective. In fact, some studies suggest that it can take hearing something 7 times before you retain it
Today I'm talking through four (rarely-discussed) retirement planning misconceptions. In fact, some of these misconceptions might not be misconceptions at all... ...they might be concepts that you've never even considered! For example, is retirement planning a complex problem OR a complicated problem? (And why does it matter?) And, should you develop a retirement plan from the outside in OR the inside out? To help answer these important questions, I'm joined by Roger Whitney, host of the Retirement Answer Man podcast. Along with being a great person and expert retirement planner, Roger is also a deep, critical thinker who will definitely get your wheels turning in this episode. WANT MORE RETIREMENT PLANNING TIPS? Join 5,000+ listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2024 Tax Planning Cheatsheet.
In the episode "Retirement Planning Strategies: Designing a Future of Financial Independence" of the Inspired Money Livestream Podcast, Andy Wang masterfully orchestrates a panel of financial savants to dissect the multifaceted journey of retirement. This episode, featuring Roger Whitney, Fritz Gilbert, Anne Lester, and Colleen Jaconetti, delves into an odyssey of fiscal foresight and personal aspiration, guiding listeners through the labyrinth of securing a fulfilling and financially independent retirement. Mastering Your Retirement Plan Beyond the financial dimensions, this episode also underscores the importance of social engagement, mental well-being, and finding purpose in retirement. The panelists collectively stress the significance of building and nurturing social connections, engaging in community activities, and maintaining a healthy lifestyle to enhance the quality of retirement life. Listeners are invited to absorb the wealth of knowledge shared in this episode. Engage in the conversation about retirement planning and share your own journey towards financial independence in the comments. Join the community on social media for ongoing discussions that blend the art of living with the science of financial planning. Whether you're meticulously mapping out your retirement or just starting to ponder your financial future, "Retirement Planning Strategies: Designing a Future of Financial Independence" is a treasure trove of insights. This episode is a testament to the intricate tapestry of retirement planning, intertwining financial acumen with a holistic approach to living a fulfilling post-work life. Guest Profiles: Roger Whitney: Roger Whitney, the "Retirement Answer Man," brings a wealth of 27 years in finance, offering a paradigm shift in retirement planning. His insights transcend traditional models, advocating for a balanced blend of vision, feasibility, and resilience. Whitney's approach to retirement is not just about numbers; it's about adapting life plans to financial realities, ensuring a transition that's both smooth and enriching. https://www.rogerwhitney.com Fritz Gilbert: Fritz Gilbert, the voice behind The Retirement Manifesto, shares his personal narrative of transitioning from active wealth accumulation to thoughtful wealth management. His story, marked by a strategic shift in financial tactics, serves as a beacon for those navigating the uncertain waters of retirement. Gilbert emphasizes the importance of a diversified income stream, underscoring the need for flexibility and adaptability in retirement planning. https://www.theretirementmanifesto.com Anne Lester: Anne Lester, with her extensive background in guiding younger generations, highlights the criticality of starting early and planning strategically for retirement. Her insights offer a valuable framework for Millennials and Gen Z, illuminating the path towards a future that balances both dreams and practical needs. Lester's unique perspective on envisioning the future self as a friend rather than a stranger is a profound takeaway for listeners. https://annelester.com Colleen Jaconetti: Colleen Jaconetti from Vanguard brings her expertise in aligning short-term and long-term financial goals. She delves into the complexities of financial planning, discussing the nuanced balance between immediate needs and future aspirations. Jaconetti's analysis of withdrawal strategies and the art of balancing risk and income generation in retirement provides listeners with practical tools for financial planning. http://vanguard.com
Roger Whitney, host of the Retirement Answer Man podcast answers retirement focused questions. Roger discusses retirement planning, retirement planning mistakes, worries about running out of money, and other retirement concerns. If you'd like to be a part of a free online retirement community, join us on Facebook: https://www.facebook.com/groups/399117455706255/?ref=share
Tune in now to this podcast segment where Colter DeVries interviews Roger Whitney, a seasoned financial planner and podcast host. Roger challenges the traditional idea of retirement, emphasizing the importance of options and time freedom over simply stopping work. He introduces the concept of "agile retirement management," promoting adaptability in retirement planning.They discuss the challenge of finding the right financial advisor, stressing the need to align your goals with an advisor's process and cautioning against advisors focused on sales.The conversation touches on the frustration of unclear disclosure about advisors' compensation structures and the value of finding a supportive financial community, like the Rock Retirement Club.They explore various financial topics, emphasizing the importance of clear vision, regular goal reassessment, and aligning financial decisions with personal values. Strategic planning is highlighted as a tool to filter out financial distractions, underlining the significance of intentional decision-making in financial planning. Don't miss this!
In this episode of the Functional Retirement Podcast, host Thatcher Taylor welcomes special guest Roger Whitney, the retirement answer man. With over 25 years of experience as a financial planner and the host of a top retirement podcast, Roger shares his insights on taking control and being optimistic about the future. They discuss the pursuit of happiness, the importance of a positive mindset, and the connection between wealth and health in retirement. Don't miss this informative and inspiring conversation with one of the most influential advisors in the industry.Find Roger:https://www.rogerwhitney.com/✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.
Les Brown, no stranger to hard work and the resulting success it brings, famously said, “Do what is easy, and your life will be hard. Do what is hard, and your life will become easy.” Does the secret to creating an easy life lie in doing hard work first? How much of what seems easy from the outside looking in is actually the result of hours of hard work that was put in beforehand? Joining Joe for a special roundtable discussion that centers around how to do the hard things in order to create an easier life going forward are three people who are no strangers to doing the hard work: Roger Whitney, the Retirement Answer Man; Carl Jensen, creator of the 1500 Days to Freedom blog; and Paula Pant, host and creator of the award-winning Afford Anything podcast and blog. They dive into the complex relationship between hard work and an easy life and offer some gems for Stackers to take away. In the second half of our show, sponsored by DepositAccounts.com, we discuss some hard work life skills and money skills that you can tackle today that will help you out financially in the future. Be sure to stick around for our resident hard work expert Doug's astrological-themed trivia! Will either of our two guest contributors pull out the W and Len or OG benefit from their hard work, or will our regular contributor Paula continue her late season charge for our spectacular dollar store trophy? FULL SHOW NOTES: https://www.stackingbenjamins.com/friday-roundtable-hard-work-easy-life-1427 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
Listen in as Steven interviews Roger Whitney, host of the Retirement Answer Man podcast. In addition to working with clients through his financial planning practice Roger runs the Rock Retirement Club providing resources and insight to over 1,100 consumers looking to go beyond DIY. Roger has a wealth of experience that he pulls from to share the hurdles that clients run into and how Advisors can help overcome. https://bit.ly/3ZCszHb
Today we are talking with Mark Trautman of Mark's Money Mind. Bill and I chatted with Mark on episode 12 where we talked about money in relationships. Mark also stood in for Bill as a co-host with Roger Whitney, the Q&A panel from CampFI, and On the Road with Catching Up to FI. In this conversation, we are going to dive into an alternative to the 4% Rule of Thumb. We see people in our community ask about a drawdown strategy in retirement, and the go-to answer seems to be the 4% Rule. But we would like to present another way of solving for that question, “How much money do I need for retirement?” Connect with us! @catchinguptofi buy CUtFI a coffee Resources mentioned on the show: 4% Rule Early Retirement Now The Retirement and IRA Show with Jim Saulnier and Chris Stein The 4% Rule: EDU #2216 - The Retirement and IRA Show The Fun Number Part 1: EDU #2302 - The Retirement and IRA Show All About The Minimum Dignity Floor (MDF) Part 1: EDU #2231 - The Retirement and IRA Show What's an Annuity? Delayed Annuity Qualified Longevity Annuity Contract (QLAC) Fixed Period Annuity Amberly Grant CampFI FI Freedom Retreats Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.
We take the show on the road again. Becky and Mark, our guest co-host, chat with Rusty on their recent Alaskan cruise with Roger Whitney's Rock Retirement Club. These episodes were recorded in front of a live audience. They are simply chats with people in their peri-retirement years. Connect with us! @catchinguptofi buy CUtFI a coffee Resources mentioned on the show: @catchinguptoFI Rock Retirement Club The Retirement Answer Man Show Boomer Benefits Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.
In this episode of On the Road With Catching Up to FI, Becky and guest co-host Mark talk candidly with a fellow traveler and recent retiree, Mike. They are all on an Alaskan Cruise with the Rock Retirement Club, founded by a previous guest on the show, Roger Whitney, The Retirement Answer Man. Connect with us! @catchinguptofi buy CUtFI a coffee Resources mentioned on the show: IRMAA (income-related montly adjustment amount) SSA-44 Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.
Summary Roger is a renowned retirement podcaster, blogger, educator, and planner. With over 8 million downloads and 475 episodes of The Retirement Answer Man show under his belt, and his brilliant community-based Rock Retirement Club he has truly made a mark in the retirement space. We delved into the emotional and behavioural challenges of retirement, discussing how we, as humans, are simply not wired to take on this new phase of life without some battle scars. One of the key topics we explored was the "paycheck anxiety" that many individuals face when transitioning into retirement. The loss of that safety blanket, the feeling of security that comes with a regular paycheck, can be daunting. Roger shared some valuable insights and observations on how to navigate this challenge and find peace of mind in your retirement journey. Useful Links Thinking in Bets by Annie Duke The Power of Agency by Paul Napper & Anthony Rao Winning The Losers Game by Charles Ellis The Top 5 Regrets of The Dying by Bronnie Ware Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my newsletter Stay The Course Connect With Roger Twitter LinkedIn The Retirement Answer Man Podcast Agile Retirement Management Connect With Me TFP Financial Planning LinkedIn Twitter Book in a chat if you want a second opinion about your retirement planning Email at dan@tfp-fp.com
Roger AKA, "The Retirement Answer Man” and author of “Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future,". Roger has been a CERTIFIED FINANCIAL PLANNER™ professional for more than 25 years. He's sharing how he's now helping people live well today in retirement without sacrificing tomorrow.
Becky and guest host Mark Trautman chat with The Retirement Answer Man, Roger Whitney. They are all on vacation with a group from the Rock Retirement Club. Bill is back at the ranch working his day job and editing podcasts dreaming of time freedom on the path to financial independence, but still living his best life. As a certified financial planner for over 25 years, Roger uses his credentials and every channel possible to help people live well today without sacrificing tomorrow. He is a three-time Plutus Award Winner for best retirement blog/podcast. The podcast has over 8 million downloads and 475 episodes (and counting!). He is the author of "Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future." Investopedia has ranked him as one of the top 100 most influential advisors several years in a row. His mom passed away at 48, sacrificing the now while dreaming of the retirement brochure in the future. He wants to help us shift what is possible in retirement by how we live, work, and celebrate what is possible right now - and keep doing it! Resources mentioned on the show: The Retirement Answer Man Rock Retirement Club Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future by Roger Whitney The Second Mountain: The Quest for a Moral Life Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear Outlive: The Science and Art of Longevity by Peter Attia Mark's Money Mind
There comes a time when retirement planning becomes retirement doing. Many people get stuck in that gap between knowing vs. doing. While it is important to learn what you can so that you can make educated decisions, you'll want to build a foundation to give you the confidence to act. My goal is not only to teach you information but also to help you build the structure you need to go out and rock retirement. On this episode, we'll discuss how to close the knowing vs. doing gap, answer listener questions, and check out what Kevin has to say in the Coach's Corner. Listen in to hear a clarification on Social Security and COLA, a new perspective on whether to purchase long-term care insurance and how to find a financial advisor who will simply answer questions. Stick around until the end to hear the Coach's Corner segment with Kevin Lyles. David is still in the wealth accumulation phase David sounds like a younger listener since he has young children. He's still in the wealth accumulation stage of life and has a healthy $120,000 emergency fund. He is considering whether he should use that emergency fund to go ahead and pay off his mortgage. The extra money each month could then be used to purchase a rental property or to invest. Consider the big picture Since David still has a long financial journey ahead, it is important to step away from focusing on the financial aspect of this picture for a moment and envision what he wants his life to look like. What is he trying to accomplish? Does he want more financial flexibility? Does he want more time with his young children? Any financial question should be framed with your goals in mind. You want your goals to shape the outcome of your decision rather than the other way around. How important is financial flexibility? By dipping into the emergency fund he takes away the financial flexibility. Having an emergency fund in place limits the number of choices a person has. Another option could be to pay the mortgage off by adding a bit extra each month to the mortgage payment over time. Paying off the mortgage early will improve the monthly cash flow, but at what cost? David needs to assess how he will pay off the mortgage and whether that increased cash flow is important enough to justify the decreased financial flexibility. Once David pays off the mortgage, then he can decide whether rentals or traditional investments would be the best option based on the financial goals he has for the future. Framing these choices within the context of the bigger picture is so important when making these types of decisions. Ask your own question If you would like to have your questions answered go on over to the Ask Roger tab on RogerWhitney.com where you can either submit a written question or an audio question. We love to play audio questions on the show, so if you would like your question answered sooner press record to submit. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [5:38] Be wary of suspicious text messages and emails LISTENER QUESTIONS [7:34] Should David pay off his mortgage? [15:00] How does Social Security COLA work? [19:52] Beth's perspective on long-term care insurance [23:31] How to find a financial advisor who will simply answer questions COACH'S CORNER [26:22] On categorizing retirement plans TODAY'S SMART SPRINT SEGMENT [33:50] Set a benchmark for things you want to accomplish in 2023 Resources Mentioned In This Episode NAPFA.org Episode 444 - Will My Social Security Benefit Be Impacted By My Divorce? CozyEarth.com - use the code RAM to get 35% off! Rock Retirement Club Roger's YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Roger's Retirement Learning Center
Our guest on the podcast today is Roger Whitney. Roger hosts the popular Retirement Answer Man podcast, and he's also the author of a book called Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future. He's also senior financial planner at Agile Retirement Management and the creator of the Agile Retirement Management Process. Roger has a CFP certificate and has earned numerous other designations, including the accredited Investment Fiduciary, Certified Investment Management Analyst, and Retirement Management Advisor designations. Investopedia has named him to its list of 100 Top Financial Advisors in the U.S. on five occasions.BackgroundBioThe Retirement Answer Man podcastRock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future, by Roger WhitneyRock Retirement ClubCurrent Environment, Tax Matters, and In-Retirement Spending″#309: Crashes, Retirement, and Bears, Oh My! How to Protect Your Retirement Lifestyle,” The Retirement Answer Man podcast, rogerwhitney.com, Jan. 22, 2020.″#421: How Will Inflation Impact My Retirement?” The Retirement Answer Man podcast, rogerwhitney.com, Feb. 9. 2022.“#411—Overcoming Frugality,” The Retirement Answer Man podcast, rogerwhitney.com, Dec. 1, 2021.“#386: Retirement Withdrawal Strategies: The Safety-First Approach,” The Retirement Answer Man podcast, rogerwhitney.com, July 14, 2021.“#282: Is an Annuity Right for Retirement? The Pros and Cons of Fixed Annuities,” The Retirement Answer Man podcast, rogerwhitney.com, July 17, 2019.“The RISA Framework: A Systemized Approach to Personalizing Retirement Income Strategies for Clients,” by Alex Murguia and Wade Pfau, kitces.com, April 20, 2022.“#456: Should I Switch My Bond Portfolio to CDs?” The Retirement Answer Man podcast, rogerwhitney.com, Oct. 12, 2022.“#310: Crashes, Retirement, and Bears, Oh My! Investing in Retirement: The Pie Cake,” The Retirement Answer Man podcast, rogerwhitney.com, Jan. 29, 2020.“How to Simplify Your Decision Making Process for Retirement Planning,” by Roger Whitney, forbes.com, Oct. 13, 2020.“#455: Which Account Should I Begin Drawing From First In Retirement?” The Retirement Answer Man podcast, rogerwhitney.com, Oct. 5, 2022.Real Estate“#383—Listener Questions: Should I Pay Off the Mortgage or Keep the Cash if I'm About to Retire?” The Retirement Answer Man podcast, rogerwhitney.com, June 23, 2021.“#452—Should We Consider a Mortgage for Building Our Retirement House?” The Retirement Answer Man podcast, rogerwhitney.com, Sept. 14, 2022.Other“Dana Anspach: How to Build an All-Weather Retirement Plan,” The Long View podcast, Morningstar.com, Oct. 18, 2022.“#311: Will I Need Long-Term Care? Reviewing the Statistics With Christine Benz From Morningstar,” The Retirement Answer Man podcast, rogerwhitney.com, Feb. 5, 2020.
Life is about events, the challenges we overcome or not, our successes and failures, but, even more, it's about how we touch and are touched by the people we meet. Nicole is back! She is here this week to help me answer your listener questions. In this episode, we discuss the challenges of making friends in retirement, the value of international diversification, contributing to a Roth 401K vs. a regular 401K, the 4% rule, and much more. I created the Retirement Answer Man show to help you, not just with the business side of retirement, but also to help you build a successful life so that you can lean in and really rock retirement. This month we are answering your retirement questions. If you have a question to submit, head on over to RogerWhitney.com/AskRoger to proffer your questions. Remember, if you want to get bumped to the front of the line and use our fastpass option by recording an audio question. Check out these resources to learn more about inflation in retirement and the RRC Have you been thinking about joining the Rock Retirement Club? If so, sign up for our updates so that you can be the first to learn about the next online open house. We'll be opening enrollment at the end of October and plan to have a few open house opportunities between now and then. These open houses will be an informative way to for you to learn more about the club so that you can decide whether it is right for you. Are you worried about inflation in retirement? If so, we have created a resource to help you navigate this worrisome hurdle. Check out DoRetirementRight.com to get this FREE information to help you think strategically about inflation in retirement. Trying to make friends as a single person in retirement can be a challenge In many 55+ communities, it is pretty easy to make new friends. Everyone is a transplant from somewhere else and there are endless opportunities to join activities and clubs. However, if you are single it may not be as easy as it is if you are married. Many retirement activities are geared toward couples so single people can have a harder time getting invitations. Are you single in retirement? What strategies have you implemented to help you make friends? Reply to the 6-Shot Saturday newsletter with your suggestions. Why keep international equities? Many people wonder what the point of keeping international equities in a portfolio is. It seems as though global equities fall at the time when we need them to be stable or growing, so why bother to include them in our portfolios? Traditionally, they do poorly as compared to other markets, yet including international equities is recommended as a part of having a diversified portfolio strategy. I tend to recommend international equities, not for diversification, but for the fact that many fantastic companies aren't based in the U.S. Think about Toyota, Mercedes, Glaxo, Novartis, and even Ikea. Rather than considering a different asset class to add to your portfolio, choose the best worldwide companies to expand your portfolio to include top-notch mid to large-cap international companies. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [5:23] On making friends [8:23] The value of international diversification LISTENER QUESTIONS [12:05] Should I contribute to my Roth 401K or just a 401K near retirement [16:12] Are investment advisor fees worth it? [26:00] Why haven't I heard back from the IRS? [29:06] Where do my 401K profits go when inflation goes up? [32:33] How does the 4% rule apply to dividends? [35:22] Is 15% enough to save for retirement? [37:20] Why is there a disclaimer about indices at the end of the show? TODAY'S SMART SPRINT SEGMENT [40:43] Be inclusive make an effort to reach out to new people you meet Resources Mentioned In This Episode Rock Retirement Club DoRetirementRight.com Roger's YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Roger's Retirement Learning Center
Retirement planning can be stressful. From bloated retirement plans to focussing on retirement from a crisis standpoint, it can be difficult to actually enjoy your retirement. Tune in to learn about the importance of an agile retirement plan approach and accepting uncertainty as a healthy part of retirement to reduce retirement planning stress and encourage your ability to enjoy your retirement.
How are you doing, hope life is good. We have a very enthused, knowledgeable, and contagious personality on the podcast this week. Roger Whitney. He is The Retirement Answer Man in the US. Podcaster, blogger, financial advisor, community organsier head; he's a ball of energy. And he has some great ideas to share with us in this episode. With Roger, you're going to hear about all sorts of preparations for retirement. You're going to hear about a thing called that ‘Tart Cake', which is a new concept we created in our conversation. You're going to hear about his book recommendation. His investment philosophy. His approach to leaving both a financial and a non-financial legacy and how to successfully retire. So we cover quite a bit of ground in this episode, and Roger could talk for days on this one. Roger Whitney has been a Certified Financial Planner for more than 25 years. And he really is on a mission to help people live well today without sacrificing tomorrow, as he puts it. Roger's book recommendations: Top 5 Regrets of The Dying Necessary Endings by Dr Henry Cloud Roger's website: The Retirement Answer Man
According to one recent survey, only 4% of Americans have $1 million or more in retirement savings, which means 96% of us don't. Of course, depending on your situation, a million bucks may be overkill: Many people could fund their retirement years for a lot less. Still, it's a nice round number, and one worth shooting for. Obviously, however, that's a lot of money. Is it even possible to get there? In a word, yes. And that's what we're going to talk about today: building a million-dollar nest egg, and just as important: How to figure out what you're actually going to need. As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. This week's special guest is Roger Whitney, the Retirement Answer Man. Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions. Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Podcast Article with Links Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos. Is $1 million enough to retire on? It sounds like a lot of money, but is $1 million enough to retire on? What you really need to do is figure out how big your nest egg should be and go from there. Whether $1 million is enough depends on your own situation and requirements. Check out how long $1 million will last during retirement. Read our article on the retirement numbers you should know as you plan your golden years. Where does your retirement income come from, anyway? Check out our overview of where most retirees get their money. Find out where you fit in when it comes to your retirement savings, based on your age. If you want your dream retirement, check out our four simple steps to living comfortably after you retire. Our guest has a great podcast episode on investment returns and inflation during retirement. Tips for building a $1 million nest egg Ready to build your wealth? We talk about ways you can get to that elusive $1 million mark in your nest egg. We have an article on how to retire with at least $1 million in the bank. Before you assume the 4% rule is still good, check out our article on rethinking this popular retirement planning strategy. Don't let taxes drain your retirement. Read our retirement tax tips to help you keep more of your money. We've got some strategies that can boost your retirement savings by $1.7 million. Before you quit your job, read our article about how to protect your nest egg after you call it quits. Make the most of your retirement with our 65 tips for a healthy, wealthy and happy retirement. Links: Click Here for the Free Money Talks News Newsletter! Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website Meet this week's guest, Roger Whitney Roger has been walking life with clients as a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man® podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time. Roger established Rock Retirement Club in 2018 to help foster a safe online space for soon-to be retirees to learn, plan, and interact with other like-minded folks on the path to retirement. As if that's not enough to keep him busy, he is the author of Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future, a Forbes online contributor, creator of the Agile Financial Planning process, and past instructor of the Retirement Planning & Employee Benefits CFP® certificate program at the University of Texas Arlington and of Wealth Management at Texas Christian University. Investopedia has named him to the Top 100 Most Influential Advisors 2017-2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017). Website Twitter Facebook YouTube LinkedIn Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.
This week we welcome my good friend Roger Whitney to the show. In his own words, he looks impressive on paper but often feels like a mess in real life. He's spent much of the last decade investing in his growth and working on becoming a better version of himself. He's created a very impressive business but even more impressive is what he's learned about living a good life. He shares several nuggets of wisdom and helpful frameworks and resources that will improve your life today. This is one you don't want to miss. I have one question for you, "What are you going to do today?" About Roger: As a CERTIFIED FINANCIAL PLANNER™ professional for more than 25 years, he's using his credentials (CFP® certificant, CIMA®, CPWA®, and more) and every channel possible to help people live well today without sacrificing tomorrow. Three-time PLUTUS award winner for Best Retirement blog/podcast Host of one of the top retirement podcasts in iTunes with more than 4 million downloads and over 360 episodes (and counting!) Author of Rock Retirement: A Simple Guide to Help You Take Control and be More Optimistic About the Future (Morgan James, 2018) More than 25 years experience walking the journey into retirement with clients and listeners Ranked by Investopedia as one of the Top 100 Most Influential Advisors 2016, 2017, 2018, 2019, 2020 and 2021 Inc. Magazine named Retirement Answer Man® as one of the best blogs to follow in 2018 Creator of Rock Retirement Club, an online community providing education, tools, and support for building an amazing retirement Growing up, my mother was always worried about the future. She lived her life saving more, sacrificing more, and settling for less —all with the hope that one day she would have the financial and time freedom to spend it all on the family and activities she loved. Mom passed away at the age of 48. It's tragic, and not just because my mom was an amazing human (she was). It's sad because I see this kind of thing happen a lot. How many of us will spend most of our present saving for a future we never get to have? The answer will always be too many. And I've dedicated my entire career to helping people shift what's possible in retirement by changing how they live, work, and celebrate what's possible right now—and keep doing it. His world famous podcast, The Retirement Answer Man: https://www.rogerwhitney.com/blog The Rock Retirement Club: https://www.rockretirementclub.com/ Stay connected to us daily on Instagram @thebusinessoflivin To contact Michael directly, send an email to michael@thebusinessoflivin.com --- Send in a voice message: https://anchor.fm/michael-mcgreevy92/message
In this episode, The Annuity Man and Roger Whitney discuss: The two retirement crises Balancing on the teeter-totter Before going into fancy tactical stuff Focusing on what you can control Key Takeaways: There are two retirement crises: one is when people don't have enough money to pay the bills when they can't work anymore. The other crisis is for people with many resources and options but doesn't know the right thing to do. On the one hand, you should start having your best life today, and on the other hand, you also want to make sure that you'll be alright when you live until 80 or 90. There's tension between those two things, you're standing in the middle of it all, and you have to cover yourself on both accounts. Start with what you want, then create a strategy that will make that feasible. Make it resilient so that you don't get knocked off course and get too fancy tactics. Don't waste your life trying to predict the future or reacting to every event. Instead, focus on things that will be useful to you, like building functional health - health that will enable you to spend time with family freely. "The majority of planning which feeds the mindset of this very uncertain world is always gonna default to denying today, and that's not right because tomorrow isn't promised to anyone. You gotta be a good steward. " — Roger Whitney. Connect with Roger Whitney: Website: https://www.rogerwhitney.com/ Facebook: https://www.facebook.com/pg/retirementanswerman/posts/ LinkedIn: http://www.linkedin.com/in/rogerwhitney YouTube: https://www.youtube.com/channel/UC0gvNDYjMGdkO8OiNZu9jug Twitter: https://twitter.com/roger_whitney?lang=en Book: https://www.rogerwhitney.com/the-book Podcast: https://www.rogerwhitney.com/blog Connect with The Annuity Man: Website: http://theannuityman.com/ Email: Stan@TheAnnuityMan.com Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!
Making retirement decisions brings plenty of questions and over the next month, I'll be tackling your retirement questions. While I love answering your questions, I also enjoy hearing your thoughts. In today's episode, there are a couple of questions that I'd love to hear your feedback on. If you have any thoughts to share with other listeners please respond to the 6-Shot Saturday newsletter. If you're not signed up, head on over to RogerWhitney.com and scroll down to the bottom of the page to get weekly tips, news, and resources in your inbox every Saturday morning. Deciding to spend large sums of money in retirement can be unnerving Early on in retirement is when people want to have the most fun, but it can also be the most daunting time to spend money. Even if the numbers say that you'll be ok financially, you can never be certain if you may need that cash when you're 90. Making the decision to spend large amounts of money in retirement can be daunting. I got to thinking about decision-making recently when I wrote the biggest check I have ever written. This check will (hopefully) be an investment in my business, but it was still a difficult decision to make that took a lot of thought and counsel from others. How I employ my own decision-making tactics I actually practiced what I preached and used the same decision-making process that I teach on the show. I started with my vision by projecting where I want to be in the future. I thought about how this decision fits into my long-term goals for myself and my company. Then, I got to thinking about the result that I hoped for as well as the worst-case scenario. I seek the counsel of others Since I know I have blind spots in my own decision-making when it comes to myself and my business, I enlisted the help of others to bounce my ideas off of. I started with my wife, Shawna, then sought counsel from Nichole, and others that understand my situation. I encouraged them to challenge my assumptions and poke at my blind spots. We walked through alternatives and discussed opportunity costs. Ultimately, it was up to me to make the judgment call. I won't know for quite some time whether I made the right decision, however, I know that the process that I used to make this decision was sound. With the right process, you can be secure in your decision making I share this with you, because you may be wondering if you should spend $30,000 to take an epic family trip next year, buy that vacation home, or RV across the country. The memories you create may be well worth the money, but you won't know if you made the right choice until you reach the end of the road. Nobody can tell you what the correct decision will be for you, but if you work through your decision in an organized way starting with your vision then you'll know that you made the best decision that you could. Speaking of big decisions, Wendy is trying to decide whether to increase her savings now that she and her husband will be empty nesters. Or should they continue to save for retirement at the same rate while taking time to travel and enjoy more of life now while they are both still healthy? Listen in to hear the details of her situation and then let her know what you think by responding in our 6-Shot Saturday newsletter. What would you do if you were in her shoes? OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:32] My process as I work through a big decision LISTENER QUESTIONS [11:05] Daniel's comment on needs, wants, and wishes and my response [14:22] A consideration on relocating in retirement [17:10] Travel now or increase savings and retire early? [20:50] Bond accrual structural strategy [22:24] A Roth conversion question [26:06] On retirement regret TODAY'S SMART SPRINT SEGMENT [31:46] Check out our decision-making worksheet in 6-Shot Saturday Resources Mentioned In This Episode Boomer Benefits PODCAST - Deep Questions with Cal Newport Episode 402 - The Tax Toolbox with Andy Panko Episode 416 - Retirement Plan Live: Why We Moved Episode 426 - How to Plan Your Agile Retirement: A Feasible Retirement Strategy BOOK - Wooden: A Lifetime of Observations and Reflections by John Wooden BOOK - Born Standing Up by Steve Martin BOOK - So Good They Can't Ignore You by Cal Newport BOOK - Unstoppable Teams by Alden Mills BOOK - Antifragile by Nassim Nicholas Taleb BOOK - The Way I Heard It by Mike Rowe BOOK - How to Decide by Annie Duke BOOK - Grit by Angela Duckworth Rock Retirement Club Roger's YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Work with Roger Roger's Retirement Learning Center
In this world, both we and our clients will face sorrow and loss. While grief is rarely the primary focus for our coaching, it is a part of living. Knowing that, as coaches, how can we help our clients grieve well? In today's episode, Chris shares: The different mindsets, healthy and unhealthy, that are both a part of grief, so you can decide how you want to approach a season of grief. How to embrace a season of grief, without avoidance or plowing through, so you can honor God and keep moving forward. Principles that will help both you and your clients move forward during times of grief, so you can discover hope! If you'd like to hear the entire interview with Roger Whitney and Chris McCluskey, you can find that on Roger's podcast, The Retirement Answer Man: https://www.rogerwhitney.com/blog/292-retirement-plan-live-2019-how-to-navigate-uncertainty .
Today on Dough Roller, we are talking with Roger Whitney! Roger is The Retirement Man. His blog and podcast of the same name are legendary, and his mission is to help people shift what they think is possible in retirement by changing how they live, work, and celebrate what's possible in the present. Roger is a 3 time PLUTUS award winner and author of Rock Retirement: A Simple Guide to Help You Take Control and be More Optimistic About the Future. He's been ranked by Investopedia as one of the most influential financial advisers for over 5 years, and he created the Rock Retirement Club, which is an online community which provides tools for others to build an amazing retirement. On the show today we talk with Roger about his firm Agile Retirement and their philosophies. We'll also learn how to overcome mental hurdles surrounding retirement planning and how to create your own unique retirement plan. If you've ever had any confusion around retirement, keep listening to this episode for some great advice! Calls to Action: Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/ Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/ Follow Dough Roller on Twitter: https://twitter.com/doughroller Check out the Dough Roller website and blog: https://www.doughroller.net/ Timestamps: 00:00- Introducing Roger Whitney 01:44- Roger's firm, Agile Retirement 05:11- How Roger approaches retirement planning 14:10- Building a framework for your finances 20:46 - Narrowing down your planning priorities 24:59- Overcoming mental hurdles around retirement 27:53- Finding your personal perfect retirement number 42:13- Where to keep up with Roger Mentioned in the Episode: Roger's Website and Class- https://www.rockretirementclub.com/ Retirement Answer Man Podcast- https://podcasts.apple.com/us/podcast/retirement-answer-man/id834314596
Roger Whitney, host of Retirement Answer Man, shares his perspectives on helping individuals transition into retirement. Listen now and learn: How retirement differs from past generations Ways that planning beyond traditional financial models can improve retirement outcomes The importance of having agency in your the life and retirement Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
Who's your ideal client and what's the biggest challenge they face?What are the common mistakes people make when trying to solve that problem?What is one valuable free action that our audience can implement that will help with that issue?What is one valuable free resource that you can direct people to that will help with that issue?What's the one question I should have asked you that would be of great value to our audience?When was the last time you experienced Goosebumps with your family and why?Build the Confidence to Rock RetirementGet in touch with Roger: Website, Twitter, YouTubeLearn more about how Uwe helps in-demand professionals and their VIPs to get back their family mojo, double their financial security, and live in abundance in all areas of their life (without feeling guilty or constantly questioning themselves): Visit www.uwedockhorn.com. Or when you feel you'd be interested in working together you can Book A Chat With Uwe
Episode 15: Roger Whitney has been walking life with clients as a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man® podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time. Roger established Rock Retirement Club in 2018 to help foster a safe online space for soon-to-be retirees to learn, plan, and interact with other like-minded folks on the path to retirement. Investopedia has named him to the Top 100 Most Influential Advisors 2017-2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017).In today's episode, Roger talks about what it means to be a conscious entrepreneur. He also shares an inside view on how you can make money by making a difference and how balancing your lifestyle can let you have a life both before and during retirement.What's Next?Do you still believe that retirement is a “magic number”? Share your stories with us at info@seniorityauthority.org or find us on your favorite social media platform.Links:Roger's website: www.rogerwhitney.com
Roger Whitney is the host of the very popular Retirement Answer Man Podcast and author of Rock Retirement. Tony and Roger talk about what Roger’s family finances looked like as he was growing up and how he made the shift into better financial habits for his life. Roger is a believer in living well and retirement better. Planning for retirement is just as much about intentional saving as it is about intentional living. When it comes a time, you'll happily turn in your keys because all the doors you want to open are already unlocked. Roger loves what happens when people shift their mindset from investing in a portfolio to investing in what they love. So much of retirement is a guessing game, but that doesn’t mean no one knows what’s going on. There’s definitely a place for historical data, equations, algorithms, and spreadsheets—as long as they support your life and goals, and not the other way around. The best retirement strategies are grounded in what’s important in your life right now and in the future. They take into consideration if you want to launch a new career in retirement, if you want to sell your house and travel the world, and if the job that's filling your 401k is draining the life out of you. When done well, financial planning isn’t boring or constricting; it’s one of the best tools for building your best life. Roger’s vision gave life to what he calls. Agile Retirement Management®. And it changes everything. To connect with Roger Whitney and learn more about his vision for helping you create a better retirement, visit https://www.rogerwhitney.com/ For a complimentary Life and Money Mentor Session, copy of The Millionaire Choice: Millionaire or Not. You Can Choose. and the Creating Millionaire Families eBook, visit themillionairechoice.com.See omnystudio.com/listener for privacy information.
Roger Whitney chats with Michael Lecours, co-founder of fpPathfinder about the importance of checklists and decisions trees in financial planning. www.fppathfinder.com Connect with Roger on Twitter @roger_whitney
I've been in this business for 28 years and I've been through some crazy markets. We all know the markets go up and down, but sometimes when they are down it can be hard to see the forest for the trees. On this episode, I noodle on what I have discovered from my experience from these types of seasons and I offer you some do's and don'ts to help get you and your clients through this challenge. Join me and we'll see if we can see the good in these crazy times. Outline of This Episode [2:22] These are the best of times and the worst of times [3:26] A bear market is like a forest fire [9:05] How do you get through this with clients and your business? [26:00] Here's what not to do When you're up you're up But when you're down you're down. For the past 10 years, the markets have been up. That's been a heck of a run. But the good times can make it hard to really visualize the challenging times. This rocky road is where you can make great strides in your thinking and in your practice. These outside forces will force you to regroup, become more disciplined, and grow as an advisor. Just like working out with a personal trainer, bear markets bring on a good sweat. A bear market is like a forest fire A bear market is a very natural, organic thing just like a forest fire. Strong, healthy trees grow when conditions are right. But those same optimal growing conditions also lead to undergrowth and bushes. After several years in these conditions, the forest becomes overgrown. Over time, the forest begins to suffer. Even the most robust trees can fall ill due to all the competition for resources. Without proper management, conditions become ripe for a forest fire. The forest fire comes and clears out excess growth. It weeds out the weaker players and redistributes the resources of the forest. Only the strongest survive. Although it is painful, it is a healthy, necessary part of the ecology. A bear market is the same. It efficiently helps reallocate resources to the most sustainable businesses and decreases competition. The longer we go without forest fires the more damaging they can be. The same goes for market corrections. What can you do to get through this difficult time with your clients and your business? Tumultuous markets can be scary for you and your clients. But it's your job to help guide your clients through this challenge. Here are some tips for what you can do to help them and you through: Do take care of yourself first - do the things that bring joy to your life. Do get yourself mentally fit - you're going to need to bring your A-game to help your clients Do show them where you add value - this is your time to shine. Do compartmentalize - a work-life balance is so important right now. Do present strength to your clients - but don't be overconfident Do reach out to your clients personally - show them you care about each one of them individually Do listen - your clients are scared right now, they need someone to listen to their fears Do ask yourself - what does this make possible? There are several things you should not do during these tumultuous times Don't focus on facts and figures - this is an emotional time for your clients Don't predict - realize what you don't know. Don't hide - communicate with each client personally. Don't hide behind mass communication and technology. Don't overthink things. Don't do the coulda woulda shoulda Don't try to solve anything Don't take too much ownership - You are not responsible for bad markets and you are not responsible for your clients' life. Hopefully, these tips can help you and your clients make it through this challenge. Listen in to hear my full list of do's and don'ts. Resources & People Mentioned Dan Crosby episode Connect With Roger Whitney www.RogerWhitney.com Roger @ FinancialPlannerFreedom.com Roger on Twitter: @Roger_Whitney Subscribe to The Agile Financial Planner Click here and choose your preferred app Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com
Have you ever considered what the role of a financial advisor really is? I read a Tweet recently in which a financial advisor said if you aren't calling your clients when the markets take a downturn you aren't earning your money. What do you think? Did you call your clients last week to explain what happened in the markets? The Agile Financial Planner is a podcast created to consider how to thrive as financial planners in the 21st century. Listen in to hear what I think our true role is as financial advisors. Outline of This Episode [0:22] Should you call your clients when the markets are down? [6:01] Don't solely focus on the investment management part of planning [8:02] Deliver the WHAM [14:39] Teach the clients which levers to pull Should you call your clients when the markets go up or down? Would calling your clients when the markets go up or down help them reach their goals? If you call your clients out of the blue and tell them not to worry, would that ease their woes? What would you really accomplish? If you think about behavioral finance, this is the exact opposite of what you should be doing. Find out how to really help your clients achieve their goals by listening to this episode of The Agile Financial Planner. What do your clients really care about? Your clients' goals don't have anything to do with the markets. Money is simply a tool to help us achieve our true goals. Instead of calling clients every time the markets move up or down a few percentage points, focus on creating a plan that will help them live the life they really want. As advisors, we need to go beyond the portfolio and help with the little decisions that can make a big impact on creating the life they want to lead. Deliver the WHAM Instead of focusing on the shifts in markets, I help my clients by focusing on the WHAM. I use this helpful acronym to act as a project manager for my clients. W - Clients always have a ‘wh' question. What should I do next? What should I be focused on? What opportunities might I be missing? I help them define their questions and reframe them. I am constantly anticipating their ‘wh' questions so that I can help them achieve their goals. H - How always follows what. After focusing on what then you can focus on how you can help your clients achieve their goals. A - Provide assistance and accountability. You are the clients' project manager. Teach them how to take the steps they need and give them deadlines. M - build momentum by achieving a lot of little wins. What is your true role a financial advisor? Think about your role as a financial planner. Your focus is not only on the markets and money but on how to help your clients make good choices to ensure they can live the life they really want. Your role goes way beyond portfolios and investment management. Instead, show them the real changes they can make to optimize their choices and teach them how to not get distracted by the small shiny objects that can divert them from their true path. Connect With Roger Whitney www.RogerWhitney.com Roger @ FinancialPlannerFreedom.com Roger on Twitter: @Roger_Whitney Subscribe to The Agile Financial Planner Click here and choose your preferred app Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com
You're a highly-skilled financial planner, you've worked hard to build your practice, and you're good at what you do, but do you know how to market yourself? How do you find your ideal clients? One of the biggest problems many financial planners have is marketing themselves to the clients they wish to serve. I've invited Brad Johnson, a financial advisor coach, on the show today to help us solve the puzzle of how to attract the people that you serve best. Today you'll learn how you can stand out from the crowd and find your target market. Outline of This Episode [3:22] This show helps me flush out my thinking [6:30] How important is a personal brand as a financial advisor? [10:35] Why is it so important to be able to differentiate yourself? [18:00] How are you speaking to clients? [22:25] Naming your process will feel weird [25:05] How do we become more human on our websites? [31:11] Be relatable Who is Brad Johnson? Although Brad's website is BradleyJohnson.com, he actually goes by Brad. Brad is a coach for elite financial planners and the host of the Elite Advisor Blueprint podcast. He consults the top financial advisors on how to build their ideal practice. Since Brad has over 10 years of experience working with financial advisors and improving their practices, I knew he would be an excellent resource for all of you to learn how to market yourself to the clients you wish to serve. How to market yourself and develop a personal brand as a financial advisor We know that to be relevant among all of the advisors out there we have to find a way to set ourselves apart from the crowd. But how can we do that when we offer the same services as everyone else? This is when it's time to dig deep. Before you begin to think of branding you need to think about what you really offer your clients. What services or products do you offer to get clients to their end goals? Think about how you can differentiate what you do and trademark that. Why is it so important to be able to differentiate what you do for clients? When you are just starting out as a new financial advisor, life is like the Hunger Games. You're just out there trying to survive. You'll serve anyone and everyone. But after you begin to build up a clientele and hone your skills, then you can really think about the clients that you serve best. It's important to find a niche so that you can serve clients at a higher level. If you can't describe to clients how your product will change their lives then you are just a commodity. And the only thing that commodities offer is a good price. Do you really want to be known as the cheapest financial advisor? You can custom build your practice while serving your current clients. Learn how by listening to this episode of the Agile Financial Planner. How do we become more human on our websites? Gone are the days when business cards ruled. Our websites are the first thing that people look at when trying to find the right financial planner. Did you know that people spend more time on the About Us page of a website? They want to know who you really are. If you want to make an impression then you need to put humanity into your About Us section. This is your opportunity to shine. Connect with your people and be relatable. Tell me about your journey in marketing. Has it been a bumpy ride or smooth sailing? Resources & People Mentioned Story Brand Scribe (Book in a Box) Dan Sullivan Strategic Coach Tony Robbins Gary Vaynerchuk Connect with Brad Johnson Brad Johnson Elite Planner Blueprint podcast @BradJohnsonAE on Facebook @Brad_Johnson on Twitter Connect With Roger Whitney www.RogerWhitney.com Roger @ wwkwealth.com Roger on Twitter: @Roger_Whitney
In today's world, being a good financial planner is not simply about helping clients make smart financial choices, you also need to be able to help them make good life decisions. Being a great financial planner is means more than knowing about asset allocation and financial planning. We need more skills than we have been taught in CFP courses or at our firms. On this episode of The Agile Financial Planner, author, Standard Deviations Podcast host, and behavioral finance expert, Dr. Dan Crosby joins me to discuss how we can help our clients make smart life decisions as well as good financial choices. If you want to be a good financial planner you're going to need more tools in your toolbox than just the CFP curriculum. Listen to this episode to hear Dr. Dan Crosby's advice on how to help your clients make better decisions. Outline of This Episode [1:32] Clients want the whole WHAM [4:40] How to help clients make better decisions [8:15] How do you give advice to people when you don't even feel like you have made it yet yourself [14:15] It is important to know yourself [18:20] People will come up with the right decisions when given the right information [22:51] Connection occurs through vulnerability and shared values How do we help our clients make smart financial choices and smart life decisions as well? If we want to be an integral part of our clients' lives we need to solidify our value to them. Being a good financial planner means that you'll have to help your clients not only make smart financial choices but smart life decisions as well. You're not just there to help them make decisions about asset allocation and retirement goals. You're there to help them with little everyday decisions, like whether to pay off the mortgage or how to invest that dollar. There is an endless amount of decision making possibilities. All of which deal with issues outside what you have been taught in school or in any corporate training. That's why you'll need a framework to help guide you. Clients are looking for what I call the WHAM WHAM is an acronym for a feedback loop that benefits clients. It creates momentum, confidence, accountability, and progress. WHAM stands for: What am I supposed to do next? How am I supposed to do that? Accountability assistance to help them execute their actions Momentum is created by a lot of small wins You are your clients' project manager. You can help them not only set but accomplish their goals, and you can be there to celebrate their wins with them. How to help clients make better decisions Before you can help clients make better decisions you have to look at yourself. If you are expecting other people to change and telling someone else how to live their life you must first examine your own. We all have our own biases, what are yours? Do you get defensive when you hear feedback? The process of getting to know yourself is messy, nonlinear, and imperfect. Being introspective is challenging but it will help you become a better financial planner. How do you give advice to people when you don't even feel like you have made it yet yourself? If you are a young advisor you may be feeling a bit of imposter syndrome. You feel like an imposter because you are one. You haven't had time yet to make the money that your clients have made. But that's okay, it's okay to be who you are. As long as you are continually trying to better yourself and do the best for your clients then you should feel no shame. Challenge yourself by putting yourself in new situations and being around different types of people. You'll learn more about yourself when you put yourself into uncomfortable situations. Putting yourself around new people will make you aware of different types of mindsets. Dan Crosby has some great advice for learning to up your game as a financial advisor. So listen to this interview to help you continue to grow your practice. Resources & People Mentioned Annie Duke Daniel Kahneman Connect with Dr. Dan Crosby BOOK - The Laws of Wealth by Dr. Dan Crosby BOOK - The Behavioral Investor by Dr. Dan Crosby BOOK - The Personal Benchmark by Dr. Dan Crosby PODCAST - Standard Deviations with Dan Crosby Dan Crosby on Twitter @DanielCrosby Connect With Roger Whitney www.RogerWhitney.com Roger @ FinancialPlannerFreedom.com Roger on Twitter: @Roger_Whitney Subscribe to The Agile Financial Planner Click here and choose your preferred app Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com
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