One of our listeners actually has a better mortgage rate than me! However, as they begin to test their retirement budget they have found that the mortgage payment leaves that budget a bit tight. So they are wondering if they should pay off their mortgage early by withdrawing from their IRA. What would you do?

Listen in to hear my response in addition to several other listener questions. We’ll also catch up with Rosie from the last Retirement Plan Live. Press play to learn if she implemented any of the things we discussed and how her retirement has been over the past year. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [3:30] Should we pay off our mortgage with our IRA?
• [11:27] An inherited IRA question
• [17:55] The order of withdrawals in retirement
• [25:24] The benefits of a continuing care retirement community

CATCHING UP WITH ROSIE FROM THE 2023 RETIREMENT PLAN LIVE

• [27:34] How Rosie’s confidence level is now
• [29:00] How she implemented some financial changes this year
• [43:28] Her intentions for her new planner

TODAY’S SMART SPRINT SEGMENT

• [51:27] Refresh your vision, your feasible plan of record, and your resilient plan of record

Resources Mentioned In This Episode

Retirement Plan Live with Rosie - 468, 469, 470, 471

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

It seems like no matter how much we save we always have that nagging worry about whether it is truly enough. 

One of our listeners is looking for ways to reduce the chances of running out of money in retirement. My response to his question may surprise you. Listen in to hear what I have to say about improving his retirement trajectory.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [2:21] What can I do to ensure not run out of money in retirement
• [8:43] A rental property question
• [11:52] On Roths being separated in Fidelity
• [13:30] Can you roll over an old 401K into your current plan

CATCHING UP WITH JOELLE FROM THE 2022 RETIREMENT PLAN LIVE

• [17:05] Joelle has formed a social network in her new town
• [19:23] How her finances have fared over the past 2 years
• [24:44] How a 5-year cash cushion has given her peace of mind
• [30:56] How Joelle has learned to let go of having one right way to do things

TODAY’S SMART SPRINT SEGMENT

• [32:38] Enjoy your family

Resources Mentioned In This Episode

Retirement Plan Live with Joelle - Relocation For Retirement 416, 417, 418, 419

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Have you ever wondered how the subjects from our Retirement Plan Live series are doing now? Did everything turn out okay for them? Find out how Emma (from 2019 RPL) is doing on this episode of Retirement Answer Man.

In the listener questions segment you’ll learn about the Rule of 55, donor-advised funds, and contributing to a teen’s Roth IRA. Press play to listen.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [4:01] Can you directly contribute from an IRA or 401K to a donor-advised fund?
• [9:37] A rule of 55 clarification
• [11:41] Can I roll over the portion I don’t want under the rule of 55 provision?
• [15:19] Contributing to a teen’s Roth IRA
• [17:09] How to navigate financial planning for a special needs adult child

CATCHING UP WITH EMMA FROM THE 2019 RETIREMENT PLAN LIVE

• [18:33] Having a great retirement after widowhood takes work
• [24:44] On finding her tribe
• [31:27] What’s next for Emma
• [32:48] Advice for others

TODAY’S SMART SPRINT SEGMENT

• [36:10] Embrace the boring

Resources Mentioned In This Episode

Retirement Plan Live with Emma episodes 289, 290, 291, 292

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

The way does not exist–there is no one correct way to do things. We are all finding our own ways in life and retirement. Working with an agile structure will help give you the scaffolding to create a retirement plan in an organized way.

On this episode, you’ll hear how drafting your agile retirement plan can help you discover your unique way to rock retirement. 

Continue listening to discover the books I read in November, the answers to several listener questions, and the way to create an exercise plan to boost your energy.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

BOOKS I READ IN NOVEMBER

• [2:40] The books I read in November

LISTENER QUESTIONS

• [9:37] Books I have recommended in the past
• [12:25] A refilling tax buckets comment
• [16:50] Can you make a full HSA contribution for 2024?
• [19:35] A question on car loans
• [25:06] How do you know if your retirement plan is resilient
• [28:52] A book recommendation

BRING IT ON WITH DR. BOBBY DUBOIS

• [30:39] How to show up with energy with exercise
• [35:43] How to set up an exercise program
• [39:13] Where to start
• [42:14] Convert your stationary life to a life of movement
• [50:16] How to fuel yourself for a workout
• [53:18] How to build a sustainable exercise program

TODAY’S SMART SPRINT SEGMENT

• [57:00] Assess your process and strategy for retirement

Resources Mentioned In This Episode

Episode 434 - Functional Health To Rock Retirement - Creating The Right Exercise Plan

DoRetirementRight.com

Episodes with lists of books I’ve recommended - 138, 206, 287, 464

The Retirement Answer Man GoodReads Book Club

BOOK - Die with Zero by Bill Perkins

BOOK - Be Useful by Arnold Schwarzenegger

BOOK - Total Recall by Arnold Schwarzenegger

BOOK - Only the Dead by Jack Carr

BOOK - I’m Proud of You by Tim Madigan

BOOK - The Road to Character by David Brooks

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center