Retirement Answer Man Show

Talking about a market correction can either seem scary or far-fetched in this economic climate. But it is important to understand that a market correction will happen. And it is important is to know what to do when the market correction does happen. On this episode, we will go over how to prepare for when […] The post #200 – Market Correction Fire Drill – Step 1 appeared first on Roger Whitney.

What can we control in life? How can we identify factors beyond our control? The trouble with retirement planning is that so much of it relies on factors beyond our control. Join me today as I discuss the impending force of a market correction and answer some listener questions from our Retirement Plan Live Webinar. […] The post #199 – Market Correction Fire Drill Starts Here appeared first on Roger Whitney.

  This may surprise you, but there are youngins out there that we can learn from! My guest today is only 34 years old, but he knows quite a bit about retirement. Deacon Hayes is the author of a new book called You Can Retire Early and he has a fantastic website full of resources that can […] The post #198 – What a 34 Year-Old Can Teach You About Retirement appeared first on Roger Whitney.

Many people love to travel, as a matter of fact, it is at the top of just about everyone’s list of things to do when they retire. Usually, when we think of travel we think of stays in 4 or 5-star resorts and all-inclusive hotels. But what if you could find a deeper meaning to […] The post #197 – How to Take Your Retirement Travel to the Next Level appeared first on Roger Whitney.

This is my third episode of the Retirement Plan Live case study. Over the past few weeks, we have gotten to know Lori as she has shared many details of her finances, lifestyle, and how she and Bruce have begun to prepare for retirement. Today we continue our journey by delving deeper into their finances […] The post #196 – How to Manage Retirement Risks appeared first on Roger Whitney.

No matter how much money you may have, worrying about money is part of human nature. We all worry that we may not have enough no matter what our tax bracket is. Even though that is the case, I still say money does not come first when planning retirement. When planning out your financial resources […] The post #195 – Organizing Your Financial Resources for Retirement appeared first on Roger Whitney.

On today’s show, I interview Lori and we begin to plan her ideal retirement. There is no one size fits all retirement plan out there. Everyone’s ideal retirement will look different since we all have different priorities and financial goals. Listen in on this show to find some excellent resources to plan your own retirement. […] The post #194 – Dream Up Your Ideal Retirement appeared first on Roger Whitney.

Planning for the future has many challenges and you may not know what could be a threat to your retirement. There’s something you may not have thought about when planning your retirement. Over the next four weeks, we’ll be learning about Lori and Bruce in my Retirement Plan Live case study. By studying them you […] The post #193 – How to Avoid This HUGE Threat to Your Retirement appeared first on Roger Whitney.

My grandmother lived through the great depression. She was 10 years old when it started and remembers the struggle. What she went through during those years has shaped her decision-making process. She is very frugal. I can remember her saving small bits of wrapping paper when I would have thrown them out. For many of […] The post #192 – Should You Worry About a Market Crash? appeared first on Roger Whitney.

  I’ve been married to my wife for 27 years. That’s a long time! I have noticed that there has been a rhythm within our relationship over the years where, as we have become more comfortable with each other, we begin to become disengaged. Not disengaged in a spiteful way but simply not as focused […] The post #191 – What Your Financial Advisor Should Be Doing appeared first on Roger Whitney.

Several years ago I participated in an Ironman Triathlon. I didn’t win, not even close. I finished in the 77th percentile. Turns out, the winner could have started 6 ¼ hours after me and still beat me. So was this experience a failure? It depends on how you look at it. I enjoyed the experience, […] The post #190 – How much you should have saved for retirement by now appeared first on Roger Whitney.

Indexes are comprised of many companies. Yet only the top few companies drive the index. What happens if we hit a rocky patch in the markets and those companies falter? On this episode of the Retirement Answer Man, I dive into the pros and Cons of investing passively v.s actively and what might happen if […] The post #189 – How Indexes and Bear Markets Can Make a Bad Mix appeared first on Roger Whitney.

Have you ever had your identity stolen? I have. It’s not fun. It can leave you feeling helpless and frustrated as you try to prove who you are and undo the false financial claims against you. In this modern era data is everything. Your life is wrapped up in one 9 digit code, your Social […] The post #188 –  Worried about the Equifax Data Breach? Here’s Your Protect Your Credit Action Plan appeared first on Roger Whitney.

My listeners have been asking great retirement questions, and this podcast episode is focused on giving answers to some of those. I’m excited today to bring on my awesome sidekick, Nichole, to play the part of the listener and ask the questions. One really important question is whether your financial advisor should have access to […] The post #187 – Should My Advisor Have Access to My 401(k)? And Other Listener Questions appeared first on Roger Whitney.

Do you have dreams for traveling in retirement? Everyone’s dreams are different, but every dream is going to cost some money. On today’s episode of The Retirement Answer Man, my friend Jamie joins me to talk about one creative way to fund your travel dreams. Discover how you can use your home to produce income when you’re […] The post #186 – Retirement Travel – One Way to Fund Your Dreams appeared first on Roger Whitney.

In the news today, credit card debt has reached over 1 Trillion dollars. In addition, we have 1.2 Trillion dollars in auto debt, 13% above the previous record. Impulse shopping is easier than ever, and this can be bad news for your retirement! On this episode of The Retirement Answer Man Podcast, I talk about […] The post #185 – Don’t Be Like Wimpy! How Spending Can Ruin Your Retirement appeared first on Roger Whitney.

Passive investment management has taken over the world. Nine of the top ten mutual funds are based on passive investing. On this episode, I explain what passive investing is and how it works, the top two indices that most funds are based on, and the advantages and disadvantages of investing based on those indices. I […] The post #184 – Passive Investing: What You Should Understand appeared first on Roger Whitney.

Pre-tirement is that phase between full-time work and what we think of as traditional retirement, and it could be the key to you having a great retirement. Traditional retirement planning that focuses only on investing just doesn’t work. It doesn’t inspire much confidence or clarity about what your future could be. On this episode, I […] The post #183 – How Pre-tirement Could Save Your Retirement appeared first on Roger Whitney.

If you want a great retirement, you don’t need better answers, you need better questions. Pretty much everyone in financial advice and the media want us to stay with tactical questions like “How should I allocate my investment account?” “Are interest rates going to go up soon?” and “Am I saving enough?” These tactical questions […] The post #182 – Want a Great Retirement? appeared first on Roger Whitney.

The top financial stress in America, according to a Gallup poll, is not having enough money for retirement. Some people choose to ignore it to avoid the stress, but for others, the worry is a motivator to be proactive and get moving in the right direction. In this podcast interview with Emily Guy Berkin, we will discuss […] The post #181 – Stop Financial Stress Now! appeared first on Roger Whitney.

Have you ever considered that it might be advantageous to retire overseas? Where your home will be when you retire can dramatically change what the landscape might look like financially. There is a growing trend of Americans retiring outside of the country. Should you be one of them? That’s the topic of today’s episode and […] The post #180 – Should You Retire Overseas? appeared first on Roger Whitney.

Do you want to have a great retirement? Make sure you value the right things. It is possible to make a million dollars and feel poor, or to make $60K and live a rich and full life. On today’s episode, Jason Parker joins me to talk about how to calculate your retirement spending and make wise choices […] The post #179 – A Simple Tool to Estimate Retirement Spending appeared first on Roger Whitney.

There is a lot of weird science out there when it comes to investment management. But if we’re going to be successful in investing for retirement, we need sound science. Last time we talked about asset allocation for the flexible portion of your portfolio. Today we’re going to talk about the science behind the fixed […] The post #178 – The Science of Index-Based Asset Allocation appeared first on Roger Whitney.

David Booth once said, ““The important thing about an investment philosophy is that you have one.” But how many people who are actively planning for their retirement actually DO have one? You’d probably be surprised to know that much of the planning side of “retirement planning” is pretty haphazard. Even among investment advisors. But I’ve […] The post #177 – The 5 Ps of a Good Investment Philosophy appeared first on Roger Whitney.

“Learn the rules like a pro so you can break them like an artist” (Pablo Picasso). When I was taking a math refresher course for my certification, I had to memorize and practice calculating investment specific formulas. I have never had to use that skill again. But it did serve a purpose in giving me […] The post #176 – The Role of Asset Allocation in Retirement Planning appeared first on Roger Whitney.

What you base your assumptions on when it comes to market forecasting and retirement planning will determine the course of action you take. Forecasting typically comes from respected “experts” who we all look to for advice, but here’s the problem: None of them are 100% accurate. In fact, even with all their knowledge and experience, […] The post #175 – Market Forecasting: Who Can You Trust To Tell You What to Expect During Retirement? appeared first on Roger Whitney.

Part of my job as the Retirement Answer Man is to help you face the current issues that impact your retirement planning decisions. Part of that is the non-glamorous task of assessing the traditional approaches to retirement planning to see if they still work. So on this episode, I’m going to take a fairly deep […] The post #174 – Does the Institutional Approach to Asset Allocation For Retirement Work These Days? appeared first on Roger Whitney.

  Get ready for part three of our Retirement Investing series. On this week’s episode of the Retirement Answer Man, we’ll talk about risk management, types of risk to watch out for, and why the common approach to managing risk might not be a good fit for you. This one will be a lot more […] The post #173 – Investment Risk Management for Regular People appeared first on Roger Whitney.

Hello everyone and welcome once again to the Retirement Answer Man Show, I am your host Roger Whitney and I am the Retirement Answer Man. This show is part 2 in our series on investing. Today we will look at why maintaining a strong investment foundation is so important as you enter retirement and what […] The post #172 – Building A Strong Foundation For Your Retirement Investments appeared first on Roger Whitney.

Welcome back to the Retirement Answer Man show. Today begins a new series on Investing. I am very excited about being able to offer you this series and I hope you will find some value that fits your situation. In this week’s episode, we are chatting with a great guy, David Stein. He has many […] The post #171 – J. David Stein on How Not To Gamble Your Retirement Away appeared first on Roger Whitney.

Welcome back to the Retirement Answer Man Podcast. My name is Roger Whitney and I am the Retirement Answer Man. On this week’s episode, I will be answering several listener questions about dementia, HSA’s, and next level investing. I’ll also outline the road to “brokesville” so that you can steer clear of catastrophe in your […] The post #170-Learn From Your Mistakes To Create A Great Retirement appeared first on Roger Whitney.

I love being an entrepreneur! Not only does it give me an avenue to exercise my creativity it gives me the flexibility to live the life I desire, work the way I want to work, and build a legacy for my family. The value of your business can be put into three categories: Cash flow, […] The post #169 – A Business Exit Strategy That Creates Family Legacy With Randy Long appeared first on Roger Whitney.

Hello everyone and welcome! I am Roger Whitney the Retirement Answer Man and today on the show we are talking about the Healthcare Dragon and the threat that it poses to your retirement as well as the lives of your family. It’s no surprise to hear that health care costs are rising, each year this […] The post #168 – Using Your HSA To Slay The Health care Dragon appeared first on Roger Whitney.

Welcome to another episode of the Retirement Answer man, as always I am Roger Whitney the retirement answer man. This week’s show is a hodgepodge of great actionable content that might give you the edge you need in your retirement plan. We’ll discuss why alcohol abuse is a problem for many people in retirement and […] The post #167 – Should I Use Social Security Income To Fuel My Retirement Investments? appeared first on Roger Whitney.

After my last knee surgery, my doctor told me that I should NEVER AGAIN attempt to run like I have previously. That’s when it hit me, my best days physically are behind me. That was a sobering thought and a bit depressing. Thinking like this has a tendency to affect how we live and can […] The post #166 We’ve got retirement planning all wrong appeared first on Roger Whitney.

Welcome to another episode of the Retirement Answer Man podcast. I am Roger Whitney the Retirement Answer Man and this weeks’ topic is all about working during retirement. We all can agree that saving and investing are important but they often prove to be challenging. I believe there is another option a more fulfilling one. […] The post #165 – Retirement Crisis: Why Work You Love Might Be The Answer appeared first on Roger Whitney.

Last week I got a call from a good friend. His sister-in-law believes her financial advisor has been stealing from her. I offered to help them get to the bottom of this and figure out what exactly what has been happening. Investment risk is a very real threat in today’s world. Scam artists are everywhere […] The post #164 – My advisor stole my money! A simple way to avoid investment fraud. appeared first on Roger Whitney.

The election of President Trump was unexpected, and there is no denying that it has affected the markets. But instead of a crash, we are seeing all time highs. Since the election, the market has been accelerating like never before until last week when we saw it slow down. This begs the question, Will the […] The post #163 Will The Trump Bump Continue? appeared first on Roger Whitney.

Welcome back to the Retirement Answer Man Show. I’m Roger Whitney and I’m sad to say it, but Retirement Planning is broken! The mainstream retirement planning method that has worked for years is falling short in our modern world. It is frustrating, disappointing, and fails to give you the leverage you need to create a […] The post #162 – The Problem with Retirement Planning and How to Fix It appeared first on Roger Whitney.

We all have heard the term living simply and possibly associate it with a minimalistic lifestyle. Is there a way we can take the concepts of simple living and apply that to our retirement plan without compromising what is important to us? On this episode of the Retirement Answer Man, we will look at the […] The post #161 – Simple Living In Retirement appeared first on Roger Whitney.

Welcome back to the Retirement Answer Man show. I am Roger Whitney and I’m so excited to have you with me. Today we will be talking about certainty in retirement and how it is, in fact, absurd! The only thing that is certain in life is uncertainty. No matter how hard we try to plan […] The post #160 – Certainty Is Absurd: How To Deal With Uncertainty. appeared first on Roger Whitney.

Hey, there, and welcome back to the Retirement Answer Man show. I’m Roger Whitney and I am THE Retirement Answer Man. This week’s show is all about Net Worth. Today I answer several listener questions regarding net worth statements. I also offer a caution about the dangers of comparisons in your retirement planning and how […] The post #159 – Make your net worth work for your retirement not against it! appeared first on Roger Whitney.

Hey, hey – it’s great to have you along for another episode of The Retirement Answer Man. I’m Roger Whitney and I am THE Retirement Answer Man. This episode of the show is all about how the habit of binary thinking can derail your retirement planning goals. What is binary thinking? I’m glad you asked! […] The post #158 – How Binary Thinking Can Ruin Your Retirement Goals appeared first on Roger Whitney.

Well, here we are – at session number three of Kim and Joe’s 2017 Retirement Plan LIVE experience. Today we reach the topic nobody enjoys talking about but that we HAVE to talk about anyway: Retirement Risks. There are many things we need to consider on this episode of the Retirement Answer Man in order […] The post Mitigating Retirement Risks as You Plan For Your Future (Retirement Plan Live Session 3) appeared first on Roger Whitney.

Planning for retirement will be next to impossible if you don’t have some sort of barometer of your financial situation – and that’s why I always create a personal net worth statement with my clients to have a starting point for retirement planning. On this episode – the 2nd in the 2017 Retirement Plan LIVE […] The post #156 – How Your Personal Net Worth Statement Can Inform Your Retirement Decisions – Retirement Plan LIVE Ep. 2 appeared first on Roger Whitney.

What are your retirement wishes? Do you have any? This episode of The Retirement Answer Man is all about retirement wishes – dreaming up the kind of retirement you really want to live (forget about what seems practical for now). I’m walking through an initial retirement planning conversation with Kim and Joe – this year’s […] The post #155 – Retirement Wishes Start With Good Planning (Retirement Plan LIVE 2017) appeared first on Roger Whitney.

Every year I conduct a grand experiment in internet broadcasting that features everyday people like you. It’s called Retirement Plan LIVE and it’s my attempt at helping you know the ins and outs of effective retirement planning – and I do it by inviting listeners to take part in a to-be-aired set of conversations that […] The post #154 – Introducing Kim and Joe, the Couple Planning For Retirement via Retirement Plan LIVE. appeared first on Roger Whitney.

Every one of us has a Facebook face – right? It’s that face we put on for the Facebook watching world (at least we HOPE they are watching). Here’s what it looks like: We have a great life, great relationships, new car, enviable vacation pictures – you know the drill. It’s the adult way of […] The post #153 – Real Life Personal Growth And Finance Stories with P.T. Money appeared first on Roger Whitney.

Financial forecasting season is upon us! It’s the new year and there’s always a handful of predictions you see regarding politics, markets, social trends, and much more. If you spend much time listening to the talking heads out there you can come away very confused. Why? Because you’ll hear as many opinions and forecasts as […] The post #152 – Financial Forecasting: 2017 Predictions And The Impact They Have On YOU appeared first on Roger Whitney.

Welcome, welcome welcome! It’s 2017 and time to address those retirement goals you’ve been putting off. And I’m here to help. I’m Roger Whitney, otherwise known as The Retirement Answer Man. I’m here every week to help you think through, plan for, and take action toward a better retirement than you can conceive! Well, maybe […] The post #151 – Setting Retirement Goals and Working Toward Them: How One Couple Is Doing It appeared first on Roger Whitney.