Retirement Answer Man

This Week, Roger Whitney introduces a new service YOU ASK I ANSWER, where you can ask your retirement planning questions and receive a response.

Then he begins to answer the question, will I have enough money to maintain my lifestyle during retirement?

The first step to answering this question is to determine what your retirement lifestyle will be. You do this by breaking your retirement lifestyle into three buckets:

  • Retirement Essentials. Those retirement expenses needed to maintain your household (housing, utilities, food, insurance, etc.)
  • Retirement Lifestyle. Those retirement expenses for things that enrich your life (travel, entertainment, home improvements, hobbies, etc.)
  • Retirement Dreams/Legacy. Those special things that you would like to accomplish (major travel, gifting, purchasing a second home, etc.)

Breaking your retirement lifestyle into these three buckets gives you the flexibility to adjust your retirement lifestyle each year based on how your retirement unfolds.

Once you do this, you need to consider how you will spend during retirement. For example inflation. Consider what your personal inflation rate is based on your spending habits.

Also consider closely whether you want to spend more earlier in retirement with the understanding that you will lower spending in later years. In essence, buy yourself more lifestyle now, while you are younger and healthier. 

Once you've completed this step you are well on your way to determining how much money you will need to maintain your lifestyle in retirement. 

In future podcasts, he'll address the next steps in this process.

Direct download: PWIW5.mp3
Category:Finance -- posted at: 1:44pm CDT

This episode is based on Roger Whitney's new report INVEST in Your Health: 72 Tips to Living a Healthier Retirement. You can download the report for free at

Investing in your healh may be the best investment you can make to living well in retirement. The quality of your health has major financial implications to your financial wellbeing in retirement.

In this episode we outline the financial benefits of investing in your health and the six areas of your health that you should invest in. 

  • Physical
  • Intellectual
  • Emotional
  • Social
  • Spiritual
  • Occupational


Direct download: PWIW4.mp3
Category:Finance -- posted at: 8:14pm CDT

Direct download: PWIW_3_Amazon_Prime_Emergency_Fund.mp3
Category:Finance -- posted at: 9:26pm CDT

In episode 2 Roger Whitney talks about the importance tracking your net worth, how you can use it to make smarter financial decisions  and  rethinking your perspective about the purpose of investing.


Your net worth statement is an essential tool for making smarter decisions. Your net worth statement:

  • gives you your entire financial picture in one place
  • equals the sum of all of your financial decisions over time
  • allows you to identify risk and opportunities in your financial life
  • is a much better tool to track your financial progress over time than your investment accounts

You should update your new worth statement every six months and use as part of your process for making big financial decisions.


Over the last 25 years investing has been about "creating wealth."This has led to many people investing too aggressively.

Historically, the creation of wealth came from hard work, enterprise, creativity, disciplined spending and savings. The purpose of investing was to preserve and grow the wealth WE created. This perspective is important for you to consider.


  • keeps the focus on the true driver of wealth creation.....YOU
  • may allow you to invest less aggressively
  • positions you better to invest more consistently over time
Direct download: PWIW2.mp3
Category:Finance -- posted at: 12:57pm CDT