What is the difference between a passion and an interest? Why is it important to have a passion in retirement? In the Bring It On segment with Mark Ross, we’re discussing passions. You’ve probably heard that it is important to have a purpose in retirement, but today you’ll learn how to develop your interests and turn them into passions.

You’ll also hear questions about when to stop contributing to pre-tax retirement accounts, what preferred stocks are, and whether QLACS can be used as QCDs. Press play to listen. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [3:30] Future pre-tax contributions
• [13:48] What is the objective of having preferred stocks in a portfolio
• [17:03] Can a QLACS distribution be treated as a qualified charitable distribution?
• [18:54] Where should these 34-year-olds save?

BRING IT ON WITH MARK ROSS

• [21:28] Are passions the same as interests?

TODAY’S SMART SPRINT SEGMENT

• [27:00] Update your net worth statement

Resources Mentioned In This Episode

LiveWithRoger.com

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

Is there an ideal mix of before and after-tax retirement accounts? If so, what is it? In this episode, we’ll find out. We’ll also explore a number of other questions that have been eating away at listeners like you. 

Check out this episode to listen to these listener questions and stick around until the end to hear Kevin Lyle’s relief at no longer having to keep up with the Joneses. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [2:05] What is the ideal mix between before and after-tax retirement accounts?
• [6:46] What to do about a fee-heavy investment account
• [11:00] Finding a financial planner
• [12:09] The impact on energy levels
• [13:58] Saving for kids’ education
• [18:17] How to open a Roth with a high-income

BRING IT ON

• [21:05] Keeping up with the Joneses

TODAY’S SMART SPRINT SEGMENT

• [26:08] Check the way you compare yourself to others

Resources Mentioned In This Episode

Andy Panko’s advisor referral list

Garrett Planning Network

NAPFA 

BOOK - Outlive by Peter Attia

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

What are you doing to make friends in retirement? Mark Ross and I explore this challenge in our Bring It On segment. Listen in to hear how I made a new friend this week and stick around to hear the listener questions and what you could be doing to improve your social life. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [2:36] What should Ronnie consider when transferring investment accounts?
• [14:30] Clarifying the 401K catch-up provision for high-income earners
• [20:12] Clarifying the 5-year rule with each conversion
• [22:44] Capital gains strategies for downsizing your primary residence
• [26:35] Will claiming a personal SS benefit early affect a spousal benefit?

BRING IT ON WITH MARK ROSS

• [30:40] How do we make new friends in retirement?

TODAY’S SMART SPRINT SEGMENT

• [37:57] Take stock of your social network to see how you could improve

Resources Mentioned In This Episode

The Roth series 494, 495, 496, 497, 499

BOOK - A Simple Path to Wealth by J.L. Collins

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Did you know that there is another way to borrow money to purchase a home that is not a mortgage? Larry is thinking about using a securities-based line of credit against his after-tax investment account to borrow to buy a house. Discover my opinion on this optimization question on this episode of Retirement Answer Man.

Listen in to also hear my August reads and learn about the importance of protein to keep strong as you age. Press play now.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

BOOKS I READ IN AUGUST

• [2:58] The Wager
• [6:02] American Prometheus
• [7:12] Outlive
• [9:09] The Courage to Be Disliked
• [10:06] The Big Short

LISTENER QUESTIONS

• [11:14] Should Larry use an after-tax investment account to borrow to buy a house?
• [21:33] Jennifer wants to hear more about pretirement
• [26:25] How to get the Roth clock ticking when you don’t qualify for a Roth
• [28:18] On discussing faith in the RRC
• [29:20] The costs of alcohol
• [30:12] Richard’s thank you on 500 episodes
• [31:34] Do the same (golden) rules apply to Roth 401Ks as Roth IRAs

BRING IT ON WITH DR. BOBBY DUBOIS

• [35:30] Building energy using protein powder
• [41:00] How much protein people really need
• [44:02] Negatives of too much protein
• [48:12] Do people get enough protein?
• [50:06] More on protein supplements
• [57:55] How to ensure you are getting enough protein

TODAY’S SMART SPRINT SEGMENT

• [59:01] Keep a captain’s log

Resources Mentioned In This Episode

BOOK - American Prometheus by Kai Bird

BOOK - Outlive by Peter Attia

BOOK - The Wager by David Grann

BOOK - The Courage to be Disliked by Ichiro Kishimi

BOOK - The Big Short by Michael Lewis

Episode 502 - Should I Realign My 401K Now That I'm Retired? (with Kevin Lyles)

Episode 500 - 500 Episodes and Still Rocking

A few episodes in which we discuss retirement - 183, 214, 244, 324, 430 

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center