Setting Retirement Goals: The Paradox of Knowing What You Want

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Retirement Answer Man

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

622 episodes

2 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

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Setting Retirement Goals: The Paradox of Knowing What You Want

Retirement Answer Man

32 minutes

1 month ago

Setting Retirement Goals: The Paradox of Knowing What You Want

💬 Show Notes

In this episode, Roger Whitney kicks off a four-week series on retirement goal setting, tackling the paradox of knowing what you want in retirement. He discusses the challenges of articulating desires for a life stage that many have never experienced, emphasizing the importance of not oversimplifying retirement goals. Tune in to explore how to set the right conditions for a fulfilling retirement and avoid the pitfalls of external scripts and societal expectations.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING

(01:32) We are starting a four week series on retirement goal setting.
(02:44) Why “What do you want to spend in retirement?” isn’t the right question.
(05:54) Next week, we'll talk about how to be more nuanced when setting retirement goals.
(09:40) The problem with following other people’s scripts
(13:14) The problem of getting too detailed

LISTENER QUESTIONS

(16:36) Am I required to keep an Inherited IRA separate from my other IRA's or can it be combined with an existing IRA for simplicity?
(19:11) Richard wants to noodle on the retirement distribution order.
(23:40) I’m 3-5 years from retirement. Is now the right time to join Rock Retirement Club?
(26:29) Estate preparation hint from Jane on the three passwords a family needs

SMART SPRINT

(28:19) In the next seven days, revisit your retirement goals.

EXTRA

(29:11) Shauna and I are celebrating our 35th wedding anniversary this week!

REFERENCES