Retirement Answer Man

We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic.

On this episode, we wrap up our Wisdom for Our Children series by exploring your advice for spending, saving, and investing. We have tons of valuable guidance for the young people in our lives. Be sure to listen to hear all the suggestions.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

WISDOM FOR OUR CHILDREN

  • [3:38] Learn to invest in yourself
  • [9:02] How to create wealth
  • [12:52] Some audio advice

AN INTERVIEW WITH MARK TRAUTMAN

  • [21:24] Understanding compound interest
  • [31:10] The best place for a young person to save
  • [40:29] How to invest your long-term investments

TODAY’S SMART SPRINT SEGMENT

  • [48:44] Get a book for a young person in your life

Resources Mentioned In This Episode

BOOK - The Daily Stoic by Ryan Holiday

BOOK - Areté by Brian Johnson

BOOK - The Simple Path to Wealth by JL Collins

BOOK - Stacked by Joel Saul Sehy

BOOK - Profit First by Mike Michalowicz

BOOK - The Scarcity Brain by Michael Easter

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM510.mp3
Category:general -- posted at: 6:42pm CDT

Your family and friends are the people you walk life with, so it is important to choose wisely. In this episode of our Wisdom for Our Children series, Nichole joins me to reflect on what the younger generation should keep in mind when forming these valuable relationships.

Press play to hear what it takes to build meaningful relationships.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [3:17] What you do speaks so loudly I cannot hear what you have to say
  • [8:15] How to love someone
  • [16:55] Have high standards 
  • [18:52] Create boundaries with family 
  • [20:30] Comments from listeners

TODAY’S SMART SPRINT SEGMENT

  • [26:58] Check in on someone

Resources Mentioned In This Episode

BOOK - The 5 Love Languages by Gary Chapman

BOOK Series - The Crucial series by Kerry Patterson and Joseph Grenny

BOOK - Boundaries by Henry Cloud

BOOK - Necessary Endings by Dr. Henry Cloud

BOOK - Love Does by Bob Goff

BOOK - The Power of Moments by Chip and Dan Heath

BOOK - The 4 Agreements by Miguel Ruiz

BOOK - The Courage to Be Disliked by Ichiro Kishimi

BOOK - QBQ by John Miller

BOOK - 4000 Weeks by Oliver Burkeman

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM509.mp3
Category:general -- posted at: 9:48am CDT

This month, as we meander through the different parts of life we are stopping to reflect on certain areas to pass on wisdom to our children. In this episode of the Retirement Answer Man Nichole Mills joins me to discuss career and retirement. 

Do you have a young person in your life who you would like to pass on some juicy nuggets of wisdom? If so, make sure you are signed up for the 6-Shot Saturday newsletter. At the end of this series, we’ll be sending out a carefully cultivated PDF full of sagacity that you can pass on.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

  • [3:27] Can you transfer appreciated assets in kind to a charitable giving trust? 
  • [9:45] How CDs work and when to use them
  • [13:43] How to manage finances when marrying late in life
  • [18:23] When are HSAs not worth the triple tax advantage?

WISDOM FOR OUR CHILDREN WITH NICHOLE MILLS

  • [27:19] Think in 5-year increments
  • [29:26] Build career capital
  • [32:00] Cultivate an authentic network
  • [35:27] Wisdom on retirement
  • [39:43] Play by your own rules
  • [40:21] Advice from our listeners

TODAY’S SMART SPRINT SEGMENT

  • [48:10] Cultivate your artistic nature

Resources Mentioned In This Episode

BOOK - Designing Your Life by Bill Burnett and Dave Evans

BOOK - Linchpin by Seth Godin 

Cal Newport

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM508.mp3
Category:general -- posted at: 2:00am CDT

It is commonly said that youth is wasted on the young. Do you ever wish you could share the wisdom and perspective you have gained with someone young enough to benefit from it?

As we approach our sunset years, many of us have a spiritual desire to give back to the next generation. There is an abundance of wisdom within this community which is why over the course of the next several episodes we will collect that wisdom to pass on to our children. 

Each episode will be designed around a separate area of life. This week we’ll focus on energy and mindset because without energy nothing else can fall into place. Come back next week to hear about career and retirement. 

Make sure to share this one with your favorite young people. There is a wealth of resources mentioned in this episode, so make sure to scroll down to the bottom of this page for all the links.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

BOOKS I READ LAST MONTH

  • [2:30] The two books I read in September

WHAT WE WISH OUR YOUNGER SELVES WOULD HAVE KNOWN

  • [9:20] What we wish we would have known
  • [14:43] Resources surrounding energy and mindset
  • [16:23] Who Brian is
  • [20:29] What does arete mean?
  • [24:49] What Brian was like at 23
  • [27:44] Advice Brian has for his younger self
  • [41:54] How to gamify self-improvement

LISTENER QUESTIONS

  • [53:54] Clarifying my answer to a previous question on HSAs
  • [55:47] Elaborating on not retiring
  • [58:49] Susan’s comment on my interview with the Friends Talk Money podcast
  • [1:01:18] How to look for a retirement planner

TODAY’S SMART SPRINT SEGMENT

  • [1:08:48] What is one thing in each of the energy and mindset domains that you could stop doing to build a better life?

Resources Mentioned In This Episode

Join me October 26 or 28 to discuss The 4 Financial Pillars of a Great Retirement Plan

Garrett Planning Network

NAPFA

Friends Talk Money podcast

Episode 499 - Should I Do A Roth Conversion?

BOOK - Deep Work by Cal Newport

BOOK - Tiny Habits by BJ Fogg

BOOK - The Power of Agency by Paul Napper

BOOK - The Tools by Phil Stutz and Barry Michels

Heroic App

BOOK - Bright Line Eating by Susan Pierce Thompson

BOOK - The Comfort Crisis by Michael Easter

BOOK - Why We Sleep by Matthew Walker

BOOK - Outlive by Peter Attia

BOOK - 4000 Weeks by Oliver Burkeman

BOOK - Undaunted Courage by Stephen Ambrose

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM507.mp3
Category:general -- posted at: 7:53am CDT

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