Retirement Answer Man

Every one of us has a different tolerance for risk. We even have different risk tolerances at different points in our lives. In this episode, we’ll learn about Mike and Judy’s comfort level with their investments. Learn how they’ll develop an investment approach that matches their risk tolerance. 

If you have been enjoying Mike and Judy’s journey crafting their retirement plans, you won’t want to miss their live feasibility test on July 8. Join us on the latest Retirement Plan Live by signing up at LiveWithRoger.com.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

MIKE AND JUDY’S PAST INVESTING EXPERIENCE

  • [2:30] Your investment strategy needs to match your comfort level
  • [5:16] Contemplating Judy’s news
  • [17:19] Their investment philosophy
  • [23:51] What worries them most about retirement
  • [27:59] How will they pay for retirement?

ROCK LIFE WITH KEVIN LYLES

  • [31:30] Learning from those who have walked this path
  • [35:33] What you can do to improve your competence in an area

TODAY’S SMART SPRINT SEGMENT

  • [37:04] Review the RISA pdf to learn more about your risk tolerance

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: RAM545B.mp3
Category:general -- posted at: 2:00am CDT

#544 - Legal Tender: Tallying Their Resources 

Planning for retirement isn’t about creating a new job for yourself, it’s about using what you have to create a great life. On this episode of Retirement Answer Man, I’ll help Mike and Judy tally up and organize their resources so they can come up with a feasible plan for retirement.

Press play to hear how you can follow along and create your own plan of record. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

MIKE AND JUDY’S RESOURCES

  • [3:40] Some corrections from last time
  • [8:41] Their social capital
  • [12:34] Their estimated human capital
  • [18:18] Their assets

LISTENER QUESTIONS

  • [31:33] On investing to only keep pace with inflation
  • [38:14] Should he take his RMDs monthly or yearly
  • [45:16] Funding later in life healthcare costs

TODAY’S SMART SPRINT SEGMENT

  • [57:02] Use the worksheet from Six Shot Saturday to organize your resources

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: RAM544.mp3
Category:general -- posted at: 2:00am CDT

We all have our own dreams for retirement and today, Mike and Judy share theirs. 

On this episode of Retirement Answer Man, you’ll hear Mike and Judy describe their ideal retirement, then in the Rock Life segment, Kevin Lyles will lay out the 4 pillars for a balanced life. 

As a bonus, you’ll hear Mark Ross interview me about my imperfect journey and the purchases we’ve made in Colorado. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

WHAT MIKE AND JUDY WANT IN RETIREMENT

  • [2:42] Their values
  • [7:27] Their base great life
  • [15:56] Their wants

ROCK LIFE WITH KEVIN LYLES

  • [30:33] 4 pillars for a balanced retirement

TODAY’S SMART SPRINT SEGMENT

  • [41:35] Think about your ideal retirement

MY COLORADO UPDATE WITH MARK ROSS

  • [42:40] Where did the Colorado idea begin?
  • [49:50] How did Roger get to this next step?
  • [54:47] How they ended up with two lots in Colorado
  • [58:14] What are the plans now
  • [1:03:28] How he’s reflecting on what he’s learned

Resources Mentioned In This Episode

WDW podcast

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM543.mp3
Category:general -- posted at: 2:00am CDT

Would you like to have the confidence to know that it is all going to be okay so that you can walk away from your career? So would Judy!

In this episode of Retirement Answer Man, you’ll meet Mike and Judy, an educator and an attorney. They are both facing burnout and ready to throw in the towel, but before they retire, they want to make sure they can swing it.

Join us over the next 4 episodes, to learn more about Mike and Judy’s journey to retirement.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

MEET MIKE AND JUDY

  • [3:40] Why Judy wanted to join the show
  • [6:42] A bit about Judy and Mike
  • [10:28] What they want to accomplish
  • [15:52] How she is helping with her dad
  • [18:38] Mike and Judy’s ideal retirement date
  • [24:21]Their overall objective

ROCK LIFE

  • [28:16] What kind of sun protection do we really need?
  • [29:07] The types of skin cancer and what to do about it
  • [38:06] Who is at the most risk of skin cancer
  • [42:04] Sun protection

TODAY’S SMART SPRINT SEGMENT

  • [47:49] Complete the values worksheet from 6-Shot Saturday

Resources Mentioned In This Episode

Live Long and Well with Dr. Bobby 

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center

Direct download: RAM542B.mp3
Category:general -- posted at: 2:00am CDT

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