Retirement Answer Man

• How to Rebalance Your Portfolio in Retirement

  💬 Show NotesIn this episode, Roger Whitney dives into the essential elements of not just surviving, but thriving in retirement. We kick off with a listener's story about the challenges of early retirement and the important questions that arise during this transition. Then, we shift gears to a practical planning segment on how to rebalance your retirement portfolio as life and market conditions change. Lastly, we hear from Karen and Shannon, two adventurous retired women, as they share their inspiring experiences traveling internationally and building confidence in their new lifestyles. Tune in for insights that can help you rock your retirement!SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) This show is dedicated to helping you rock retirement.(00:54) Next week on the show we are going to talk about how to quality check your retirement plan.ROCKIN’ RETIREMENT IN THE WILD(01:34) A listener sent in an email about her retirement experience.PRACTICAL PLANNING SEGMENT(04:50) In the practical planning segment, Roger reviews how to rebalance your portfolio in retirement.(06:30) What is rebalancing, and why does it matter in retirement?(08:30) How often should you rebalance your portfolio?(09:20) Step 1: Review your actual spending compared to your plan of record.(11:03) Step 2: Adjust or update your projected spending for the year ahead.(13:30) Step 3: Refresh your income estimates and update asset values.(15:19) Step 4: Run a feasibility check—use Monte Carlo simulations or your household balance sheet.(16:01) Step 5: Test your plan’s resilience and update your allocation strategy.(18:45) Step 6: Consider your contingency fund—how much cushion do you need, and how will you refill your 5-year income floor?INTERVIEW WITH SHANNON AND KAREN ABOUT TRAVELING IN RETIREMENT(22:51) Roger talks with Shannon and Karen about traveling internationally in retirement as single women.(31:10) You had several hurdles to overcome.(33:13) Karen says she likes traveling with a group and hiring individual guides.(37:05) Newer tours are much more curated and intimate than they used to be.(42:25) What advice would you give to someone who is single and nervous about traveling internationally alone?SMART SPRINT(47:34) ​In ​the ​next ​seven ​days,​ schedule an hour to an hour and a half during the third quarter of the year for a “retirement rebalancing meeting,” clearly outlining your plan on your calendar so you can prepare and follow through effortlessly.BONUS(48:30) Roger reads from his grandfather’s WWII journal.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManTRAVEL WEBSITESThe History Chicks PodcastZingerman’s Food ToursRoad ScholarFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

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  50:12
• How to Improve Your Retirement Travel

  💬 Show NotesIn this episode, we explore the joys and motivations behind traveling in retirement. Join us as we discuss why travel is a common goal for retirees, featuring insights from Andrew Motiwala, founder of A Good Life Abroad. Discover how to enhance your retirement travel experiences and learn about the various obstacles retirees face when planning their adventures. Tune in for inspiring stories and practical tips to help you feel 'awake' and engaged in your retirement journey!SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:35) Today on the show, we're going to talk about how to improve retirement travel.ROCKIN’ RETIREMENT IN THE WILD(02:26) Two quick rocking life in retirement stories.TRAVEL IN RETIREMENT(04:22) Why do we want to travel in retirement? (10:25) When we're thinking about traveling, what are obstacles?(13:11) Roger talks about types of travel to perhaps overcome some obstacles.(14:00) There are lots of travel opportunities in the United States or even regionally if International travel is too much.INTERNATIONAL TRAVEL WITH ANDREW MOTIWALA(17:22) Roger chats with Andrew Motiwala- the founder of Good Life Abroad.(20:35) The Good Life Abroad helps people live abroad in a vetted curated apartment for a month or two at a time with on the ground support.(24:00) What are the advantages to using The Good Life Abroad versus booking it all yourself?(25:33) Roger asks Andrew his opinion about why people want to travel in retirement.(30:05) Roger asks what people do that take travel to a whole new level?(31:13) What percentage of people who use Good Life Abroad are solo travelers?SMART SPRINT(32:30) In the next 7 days, go somewhere new in your own zip code. Try a new park, museum, trail, or even a local brewery. Step outside your usual routine and give your brain a spark. BONUS(33:01) Roger reads from his grandfather’s WWII journal.REFERENCESRegister for my LIVE WebinarsSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManThe Good Life AbroadFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on InstagramShow notes created by https://headliner.app

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  35:12
• Process Over Panic: What You Should Pay Attention To

  💬 Show NotesIn this episode, we wrap up our series on Process Over Panic by focusing on what truly deserves your attention in retirement planning. Plans change, life surprises us, and retirement is unpredictable. But a solid planning process — one you revisit and refine — will help you rock retirement. Join us for an insightful discussion that includes practical advice, personal anecdotes, and answers to listener questions. SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) In this episode, we wrap up our Process Over Panic series by focusing on what truly deserves your attention in retirement planning. Inspired by Eisenhower’s quote — “Plans are worthless, but planning is everything” — we explore why your process, not your plan, is what will carry you through retirement with confidence.ROCKIN’ RETIREMENT IN THE WILD(01:50) Roger shares a heartfelt retirement message through a set of creative prompts sent by a clientPRACTICAL PLANNING SEGMENT(03:40) What should you pay attention to?(04:50) When you are doing retirement planning, you are planning for the future- something totally unpredictable.(06:31) What deserves your attention in retirement planning?(08:04) What is the intent of retirement planning?(09:13) What are the obstacles to achieving our intent?(13:10) Roger talks about how his experience in retirement planning gives him confidence.(13:50) The Four Pillars of Retirement Planning help to build a flexible map for retirement.(17:58) Roger explores the concept of the “Retirement Plan of Record” as a living document—not a one-time decision. Just like in relationships, decisions made once can lose their relevance over time if not revisited and reinforced.(19:25) Roger goes back through the Four Pillars to talk about how often you should revisit them.(24:10) Real-life reactions can reveal mismatches between theory and reality.(25:06) Roger recommends compartmentalizing your retirement planning.LISTENER QUESTIONS(27:30) John says he didn’t like how Roger said “don't follow your retirement plan” in a recent episode.(29:07) Steve asks a question about asset allocation.(31:03) Steven asks which retirement certification to look for in a retirement advisor or coach.(33:02) Anonymous listener says they're looking to purchase financial management software that is secure and does good analysis.(34:41) Susan asks about Medicare penalties and health insurance while still employed after age 65.SMART SPRINT(37:30) In the next seven days, I want you to schedule your retirement planning meetings for the rest of the year.BONUS(38:33) Roger reads from his grandfather’s WWII journal.REFERENCESRegister for my LIVE WebinarsSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManBOOKSThe Retirement Collective: Shared Wisdom From Top Retirement Coaches- Retirement Coaches AssociationFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on InstagramShow notes created by https://headliner.app

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  39:52
• Process Over Panic: Investing with Charles Ellis

  💬 Show NotesIn this episode, Roger sits down with renowned investment expert Charles Ellis to explore what truly matters in retirement investing. Together, they focus on the key elements investors can actually control, the importance of maintaining cash reserves in retirement, and practical strategies to manage inflation risk.Roger and Charles also revisit timeless lessons from Ellis’s classic book, Winning the Loser’s Game, drawing on his decades of experience in investment management. The episode wraps up with thoughtful answers to listener questions on asset allocation, indexing, and rebalancing.SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) Today the show is going to focus on investing.(01:15) Roger explains the pie-cake and says there will be a video in The Noodle this week.(02:38) What can we control and what can we not control in regards to investing?(04:55) Let’s talk about building a retirement portfolio.(06:52) What can you NOT control when building out a portfolio?(09:40) What can you control in retirement planning? INTERVIEW WITH CHARLES ELLIS(13:24) Roger introduces Dr. Charles Ellis, author of Winning the Loser’s Game.(18:54) Roger asks Charlie about indexing and passive investing.(24:32) Dr Ellis talks about behavioral economics and recommends the book Thinking Fast and Thinking Slow.(27:20) Roger talks to Dr. Ellis about minimizing unforced errors(30:30) How do things change when you're in retirement and need to draw from assets?(35:32) Roger says for an average person, the concept of having all of their financial assets in equities would be unnerving. What advice would you give to someone who doesn’t understand the financial concepts and the kind of volatility comes with this kind of account?(38:43) Dr. Ellis talks about the current administration and the economy and how difficult times don’t last.(42:02) Roger asks Dr. Ellis about his choice to not retire.(46:34) Roger asks a question: What advice would you give me so I don’t look back with regret when I’m your age?(51:34) Dr. Ellis answers a question about fear and worry regarding the future.(54:22) Roger thanks Dr. Ellis for writing his books and helping so many.LISTENER QUESTIONS(54:52) Today's show will focus on investing questions.(55:11) Kevin says he doesn’t understand Roger’s concept of pie-cake- how to allocate your resources to fund your life.(56:28) Vince submitted an audio question about the retirement floor.(59:42) John asks for Roger’s thoughts on investing in multiple index funds versus all-in-one funds. And what is the difference between a mutual fund and an index?(01:08:07) Ben asks about rebalancing and current market conditions.SMART SPRINT(01:12:30) In the next seven days, take an assessment of the process you use when investing your assets for retirement.BONUS(01:13:28) Roger thanks listeners for their positive feedback.(01:14:13) Roger reads from his grandfather’s WWII journal.REFERENCES Retirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday)BooksThinking Fast and Thinking Slow- Daniel KahnemanRethinking Investing- Dr. Charles EllisWinning the Loser’s Game- Dr. Charles EllisShow notes created by https://headliner.app

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  1:15:43
• Process Over Panic: Building a Great Life with Dr. Meir Statman

  It’s a super-sized episode today—and for good reason. We spend the bulk of the show in a deep, insightful conversation with Dr. Meir Statman, a leading voice in behavioral finance. I also walk you through the four non-financial pillars of retirement: mindset, energy, passions, and relationships. We'll talk about how to manage what you can control—and how to respond when life throws you the stuff you can’t. Plus, we answer a few of your questions. There’s a lot here, but it’s worth every minute. Let’s get to it.SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) This podcast is dedicated to helping you survive retirement with confidence(00:34) Today on the show we are going to focus on the non-financial realm as we continue talking about process and things we can control versus what we can’t control.ROCKIN RETIREMENT IN THE WILD(02:14) Roger shares an anonymous message from a listener about her husband retiring and the confidence they have built in their retirement.PRACTICAL PLANNING SEGMENT(04:50) Sometimes in retirement planning, we tend to overemphasize the financial side of things and forget about the rest of our lives.(06:23) Roger identifies controllables and non-controllables within the non-financial pillars of retirement. (14:50) Roger talks about some examples of people who focused on things that they could control and found success.(16:19) Roger says that the Rock Retirement Club has been a source of inspiration for him.INTERVIEW WITH MEIR STATMAN(18:13) Roger introduces Meir Statman, author of A Wealth of Wellbeing.(19:34) Roger asks what motivated Dr. Statman to write his latest book.(22:10) Dr. Statman talks about his relationship with Nobel Prize winner, Harry Markowitz(25:57) Roger talks about behavioral finance and what it means from his perspective.(30:02) We talk about financial wellbeing but you also need to focus on life wellbeing.(31:06) Dr. Statman discusses a u-curve in life wellbeing.(37:25) Roger and Dr. Statman talk about accepting who you are.(39:30) Dr. Statman talks about the components of wellbeing.(41:49) Roger asks about social capital in retirement.(49:00) Starting a conversation is really important, Meir says(51:19) What is cultural capital?(57:32) Developing social, cultural, and personal capital becomes harder as you get older.(01:01:38) What is personal capital?LISTENER QUESTIONS(01:04:42) Listener Brian sends a question about generating his retirement paycheck.(01:17:52) Another listener named Brian asks about investing in annuities.SMART SPRINT(01:22:20) In the next seven days, before you get out of bed, smile and tell yourself it is going to be a great day!BONUS(01:22:48) Roger reads from his grandfather’s WWII journal.REFERENCESNick Vujicic- Motivational SpeakerNelson Mandela Mier StatmanRetirement Answer ManSign up for The Noodle (previously known as Six Shot Saturday) BOOKSMan's Search for Meaning by Viktor FranklI Know Why the Caged Bird Sings by Maya AngelouA Wealth of Well-Being: A Holistic Approach to Behavioral Finance by Meir StatmanThe Second Mountain: The Quest for a Moral Life by David BrooksBowling Alone: Revised and Updated: The Collapse and Revival of American Community by Robert PutnamThe How of Happiness: A Scientific Approach to Getting the Life You Want by Sonja LyubomirskyThinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke

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  1:23:53

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