Retirement Answer Man

Have you heard of IRMAA? IRMAA can be an unwelcome surprise if you aren’t expecting her. 

On this episode of Retirement Answer Man, you’ll hear what to expect from IRMAA and your Medicare costs.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [2:14] Recent feedback
  • [6:57] What IRMAA surcharges are

IN THE NEWS

  • [14:55] Structured protection ETF
  • [25:06] What the details show

LISTENER QUESTIONS

  • [30:23] Should we keep our life insurance policy?
  • [34:42] Will the lack of a bachelor's degree hurt a retirement planning practice?
  • [36:02] Where to get the materials for the Certified Retirement Counselor curriculum

ROCK LIFE

  • [37:51] Cultivating a growth mindset through curiosity
  • [40:58] How to cultivate curiosity

TODAY’S SMART SPRINT SEGMENT

  • [50:55] Practice asking a dumb question

Resources Mentioned In This Episode

International Foundation for Retirement Education

Form SSA-44

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

 

Direct download: RAM541.mp3
Category:general -- posted at: 2:00am CDT

What is your risk tolerance? What does risk tolerance even mean? Why does it matter? 

We’ll explore these questions as I answer one of our listener’s questions on getting back into the stock market with a low risk tolerance. 

Listen in to learn why he may not need to follow the traditional way of doing things.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [2:00] How much risk to take in retirement

IN THE NEWS

  • [19:10] The AT&T data breach
  • [23:03] What I’m going to do about it
  • [26:00] How are password managers safer options for keeping passwords?

LISTENER QUESTIONS

  • [30:53] How does moving a 529 to a Roth IRA work?
  • [33:32] How to know if Johnny should be looking for another financial planner

TODAY’S SMART SPRINT SEGMENT

  • [37:35] Rethink your password protection

Resources Mentioned In This Episode

1Password

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

 

Direct download: RAM540.mp3
Category:general -- posted at: 2:00am CDT

 

Have you thought about getting a mortgage for your home in retirement? If so, have you strategized how you would pay it off?

In this episode, we explore Scott’s question about pursuing a mortgage and paying it off early. Listen in to learn some different strategies you could use if you plan to get a mortgage on your home in retirement. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [2:08] Should Scott get a mortgage to build his retirement home?

LISTENER QUESTIONS

  • [12:13] HSA fees can be more expensive than the interest
  • [15:14] What should John think about when deciding on whether to get a mortgage?
  • [19:12] On using reverse dollar cost averaging
  • [22:07] Can we use Roth conversions to do RMDs?
  • [25:29] Understanding investment advisory fees
  • [29:28] Tom’s perspective on his retirement

ROCK LIFE

  • [33:41] On cultivating a growth mindset

TODAY’S SMART SPRINT SEGMENT

  • [35:00] Take your thought and do it in the moment

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

Direct download: RAM539.mp3
Category:general -- posted at: 2:00am CDT

Let’s get back to basics—addition and subtraction two ways to get to the same answer. However, we have a tendency to stick with addition. Today we’ll learn how subtraction can help you come out ahead.

Why am I talking about elementary math on a retirement podcast? Listen in to find out. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [2:12] Is scarcity really a negative thing?
  • [6:04] Stop trying to aim for precision
  • [11:17] Stop making retirement planning your new job
  • [14:03] Stop optimizing for returns
  • [17:42] Stop thinking you have to retire to something rather than from something
  • [21:25] Stop thinking you can wait
  • [24:16] Stop thinking you need to resign yourself to what is

LISTENER QUESTIONS

  • [27:10] Turn off dividend reinvestment in your decumulation phase
  • [30:00] A rucking comment
  • [31:03] On Social Security survivor benefits
  • [33:26] On inherited IRAs

ROCK LIFE WITH DR. BOBBY DUBOIS

  • [35:15] Movement studies
  • [45:05] Why does movement matter?
  • [48:51] Why the Hadza’s sedentary lifestyle is different from ours
  • [50:55] Why vitamin D is or isn’t helpful

TODAY’S SMART SPRINT SEGMENT

  • [1:00:34] Find an opportunity to move

Resources Mentioned In This Episode

YouTube video - What You Should Know if You Inherited an IRA

Episode 532 - How To Manage Your Scarcity Brain With Michael Easter

Episode 530 - What Is True Retirement Planning? With Christine Benz

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM538.mp3
Category:general -- posted at: 2:00am CDT

Have you ever considered moving to a retirement community? With the freedom that retirement brings, many people begin to rethink their living arrangements. 

On this episode, you’ll hear how Brad and his wife decided to move to a retirement community. Listen in to hear how they approached their decision, the research they put in on where to retire, and how they enjoy their new locale. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

A MINI CASE STUDY

  • [2:40] How Brad discovered The Villages
  • [10:55] What led them to explore 55+ communities
  • [13:10] How The Villages are organized
  • [20:35] How to explore places to move in retirement

LISTENER QUESTIONS

  • [23:50] Should we consider getting I-bonds in 2024
  • [29:50] Clarifying new catch-up rules in 2026
  • [32:27] Charlie’s comment on systems thinking
  • [36:18] Where to put taxes in your planning software
  • [38:41] A suggestion for the podcast

TODAY’S SMART SPRINT SEGMENT

  • [40:06] Think about where you are going to live in retirement

Resources Mentioned In This Episode

YouTube video - What You Should Know if You Inherited an IRA After January 1st, 2020

I Bonds

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM537.mp3
Category:general -- posted at: 2:00am CDT

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