Does a withdrawal strategy in retirement have to be complicated or can you simply do a reverse of dollar cost averaging?

In this episode, we’ll take a look at how reverse dollar-cost averaging would work by using an example and discover who it works for. Click play to learn if this withdrawal strategy would work for you.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT WITH A LISTENER QUESTION

• [1:44] Is it okay to do a reverse dollar-cost average for withdrawals in retirement?

IN THE NEWS

• [14:30] The rules have changed for Inherited IRAs

LISTENER QUESTIONS

• [18:55] What should Vicky do with the proceeds from the sale of her home?
• [24:09] What to do with a 10-year inherited IRA
• [27:55] What is the best way to fund bucket #1 to prep for retirement?
• [35:10] A topic suggestion

TODAY’S SMART SPRINT SEGMENT

• [36:11] Evaluate the resilience of your plan

Resources Mentioned In This Episode

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

We would all love to have that magic number–the exact amount we need to retire. However, since there are so many unknowns it is impossible to attain an exact number. This is why the big question of retirement is a complex one. 

In this episode, I’ll walk a listener through the process of how she can learn how much she really needs to retire. Make sure to stick around to hear about the books I read in March.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [1:46] How much do I really need to retire?
• [20:30] A comment on the FIRE movement
• [22:09] How to change advisors
• [27:28] How to get into the decumulation state of mind
• [32:37] Feedback on the Michael Kitces interview

BOOKS I READ IN MARCH

• [34:00] Books I read this past month

TODAY’S SMART SPRINT SEGMENT

• [36:22] Revisit your feasible plan of record to see how resilient it is

Resources Mentioned In This Episode

BOOK - Gulag Archipelago by Aleksandr Solzhenitsyn

BOOK - Tai Pan James Clavell

BOOK - Soul of an Octopus by Sy Montgomery

The State Of Retirement Planning With Michael Kitces

What is the FIRE Movement?

NewRetirement.com

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Have you been wondering what retirement is like for real retirees out in the wild? With the success of our Retirement Plan Live series, we decided to try mini-case studies to learn more about what retirees like you are doing to rock retirement. 

In this episode, you’ll hear some feedback from Sarah who asked a question on the show about a year and a half ago. Listen in to hear how she responded to the advice I gave.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

A MINI CASE STUDY

• [2:27] Sarah’s case 
• [8:06] What you can do for you
• [10:01] A plan of record is the first step

LISTENER QUESTIONS

• [13:00] What should Lucas take into account as he prepares to pay off his mortgage
• [20:00] Investing in retirement with a pension
• [26:08] How Joe is incorporating the Die With Zero philosophy by gifting

ROCK LIFE WITH DR. BOBBY DUBOIS

• [28:24] What is rucking?
• [29:27] Why try rucking?
• [40:49] How do you get started rucking?
• [48:44] How to measure the benefits of rucking

TODAY’S SMART SPRINT SEGMENT

• [50:00] Go try rucking by walking with something on your back 

Resources Mentioned In This Episode

Retirement Plan Live: Their Financial Resources - listen to Sarah’s question here

Go Ruck

BOOK - Die with Zero by Bill Perkins

BOOK - The Power of Moments by Chip Heath

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Michael Kitces is one of the innovators in the retirement planning and financial services space. His blog and ecosystem of resources help retirees and financial advisors gain the base knowledge needed to rock retirement.

On this episode of Retirement Answer Man, Michael joins me to discuss the state of retirement planning, how it has changed, and how you can live your retirement to its fullest. Listen to this interview with one of the great minds in retirement planning. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT WITH MICHAEL KITCES

• [5:20] Trends in retirement planning
• [22:40] How to avoid dying with too much money 
• [36:51] How to choose a retirement planner
• [43:38] How does someone choose a retirement planning firm

TODAY’S SMART SPRINT SEGMENT

• [49:04] Evaluate the quality of your process for making decisions in retirement

Resources Mentioned In This Episode

BOOK - Die with Zero by Bill Perkins

BOOK - It’s Not Complicated by Rick Nason

Kitces.com

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center