Building Agile Retirement Goals

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Retirement Answer Man

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

622 episodes

4 days ago

A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com

All content for Retirement Answer Man is the property of Roger Whitney, CFP®, CIMA®, RMA, CPWA® and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Building Agile Retirement Goals

Retirement Answer Man

45 minutes

1 month ago

Building Agile Retirement Goals

In this episode, Roger Whitney continues his four-week series on retirement goal setting, focusing on the importance of building agile retirement goals. He emphasizes creating the right conditions for discovering what you truly want in retirement, rather than fixating on specific desires. Roger shares insights on self-discovery, the anatomy of goals, and the significance of establishing a solid foundation for a fulfilling retirement. Tune in to learn how to navigate your retirement journey with confidence and purpose!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:00) This week Roger talks about building agile retirement goals.

PRACTICAL PLANNING SEGMENT

(03:10) The intent is to build goals that are more meaningful to you so you can rock retirement.
(07:00) How do you set goals that are meaningful to you in an agile way?
(07:39) You want to start with self-discovery and establishing or revisiting your values.
(09:53) Focus on creating conditions to explore your values and build a life where fulfillment naturally follows.
(13:43) You have to experiment to determine what is right for you.
(18:30) Roger talks about the anatomy of a goal, specifically low stakes goals that maximize optionality in retirement planning.
(21:08) Roger talks about high stakes goals.
(25:04) Low-stakes goals help you experiment, make confident decisions, and discover what truly supports a fulfilling retirement.

LISTENER QUESTIONS

(27:30) Roger answers Melissa’s questions about rolling over an IRA without penalty and whether to trust a flat-fee fiduciary firm that offers to manage her accounts.
(33:06) Greg asks Roger to revisit healthcare before Medicare.
(34:17) Rob asks about deferring Social Security to age 70 and whether he still receives COLA increases in addition to the 8% delayed retirement credit.
(36:03) Chris asks about using only a total world stock and bond index for his portfolio.
(40:20) Roger advises keeping a local contingency fund so you always have accessible cash and don’t feel “cash poor.”

SMART SPRINT

(43:20) Go back to your retirement goals and the plan you’ve put together. Look at them through the lens of our recent discussion

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