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Over these past few weeks, we have been discussing the FIRE movement with Kevin Sebesta, a coach in the RRC who achieved FIRE some time ago and has been rocking retirement ever since.  This week Kevin helps me explore the challenges that retiring early can bring. Listen in to hear if these are similar to the issues you face in retirement.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [4:58] The challenges of leaving traditional work early [10:55] Healthcare is one of the challenges [17:28] The non-financial challenges of FIRE LISTENER QUESTIONS WITH ANDY PANKO [27:44] Which Social Security benefit should we take? [31:28] Relating to working with a bad financial advisor [36:47] What to do with an overfunded whole life insurance policy [43:07] How are IRMAA surcharges calculated? TODAY’S SMART SPRINT SEGMENT [47:55] When you’re in a disagreement with someone, step out and reset yourself to gain perspective Resources Mentioned In This Episode Retirement Planning Education podcast Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

Now that we know what FIRE is, let’s learn the benefits. In this episode of Retirement Answer Man, Kevin Sebesta joins me to discuss the benefits of FIRE.  Afterward, Mark Ross comes aboard to noodle on why creativity is important in retirement. And finally, Taylor Schulte from the Stay Wealthy podcast helps me answer some listener questions. Don’t miss out on this informative episode! OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:41] Life as a journey [3:00] Benefits of retiring early BRING IT ON WITH MARK ROSS [19:09] Why is creativity important? LISTENER QUESTIONS WITH TAYLOR SCHULTE [25:52] About the Retirement Podcast Network [28:43] How to choose between investing in a Roth 401K and a traditional investment account [33:55] Timing a reallocation of assets [39:45] A good, detailed, free retirement calculator [44:55] Why Rosie didn’t hire another financial planner TODAY’S SMART SPRINT SEGMENT [50:28] Define whether your decisions are hats, haircuts, or tattoos Resources Mentioned In This Episode New Retirement Calculator The Retirement Podcast Network Stay Wealthy Podcast Define Financial BOOK - Coaching Beyond Words by Anna Sheather BOOK - How to Think Like Leonardo DaVinci by Michael Gelb BOOK - Atomic Habits by James Clear PODCAST - Choose FI PODCAST - Catching Up to FI BOOK - The 100-Year Life by Andrew Scott and Lynda Gratton BOOK - The Second Mountain by David Brooks  Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

Have you heard of the FIRE movement? It’s become increasingly popular in the past few years. Even if you are technically too old to retire early, there is something we can all learn from FIRE seekers.  In this episode, Kevin Sebesta, a real live FIREer joins me to discuss what FIRE is, how he achieved it, and what people who retire early do with their time.  Make sure to stick around for the Bring It On segment with Dr. Bobby Dubois to learn whether supplements are worth the time and money we spend on them. Dr. Bobby helps us develop a framework for deciding whether supplements are right for us.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT I READ IN JANUARY [2:02] Books I read last month PRACTICAL PLANNING SEGMENT [5:55] Meet Kevin [9:56] Defining FIRE [15:24] Who enjoys FIRE  [21:23] Why FIRE has caught on BRING IT ON WITH DR. BOBBY DUBOIS [26:12] Why are supplements important? [30:54] How should we go about exploring supplements? [39:44] What do the studies show? [44:18] What about multivitamin supplements? [48:20] What supplements does Dr. Bobby support? [52:10] The takeaways TODAY’S SMART SPRINT SEGMENT [53:58] Read a book! Resources Mentioned In This Episode BOOK - Scarcity Brain by Michael Easter BOOK - Moby Dick by Herman Melville BOOK - The Eye of the World by Robert Jordan Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their late in life marriage. Kay gives us some insight on how to manage finances in a financially unbalanced relationship. You’ll appreciate her perspective on how to manage the household cash flow when you haven’t always been married. Make sure to stick around to hear an update from Sam, our single Retirement Plan Live case study from 2018. She’ll let us know how she’s been doing, what has surprised her about retirement, and whether her retirement plan has changed.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [6:40] A comment about this RPL [8:12] How to discuss uncomfortable topics with your partner [13:56] Some examples of how separate assets can work [19:03] Chatting with Kay about her relationship and prenup [25:14] How they managed cash flow after they married [31:40] How they navigated the financial challenges in their marriage CATCHING UP WITH SAM FROM THE 2018 RETIREMENT PLAN LIVE [34:18] What Sam has been up to since we last chatted [38:01] How she has dealt with the ups and downs of the markets [42:26] Does her retirement plan look the same? [44:41] What has surprised her about retirement TODAY’S SMART SPRINT SEGMENT [50:24] Think about how you will manage your cash flow in retirement Resources Mentioned In This Episode 2018 Retirement Plan Live with Sam 219, 220, 221, 222, 223 Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

We’re back with Retirement Plan Live to explore how two adults who married later in life can share their resources as they age. Last week we looked at their goals both individually and together and today we’ll do the same with their resources. Listen in to hear the different ways that older adults who come together later in life can pool their resources so they can rock retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE [2:55] Let’s look at their resources [8:56] How can they use these resources together and separately [14:22] What to expect next week BRING IT ON WITH MARK ROSS [15:30] How to have a positive attitude while you age [18:02] Developing a purposeful path to aging [20:03] 3 things to consider TODAY’S SMART SPRINT SEGMENT [22:06] Organize and refresh your financial resources Resources Mentioned In This Episode BOOK - Who Do You Want to Be When You Grow Old? by Richard Leider and David Shapiro BOOK - The Comfort Crisis by Michael Easter Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

Do you like lemonade? If so, you won’t want to miss out on the lemonade I make on today’s episode.  We’re discussing goals on this episode of the Retirement Plan Live series and we get to catch up with Lori from the 2017 Retirement Plan Live. Find out what she is up to and how to work through shared and separate goals in retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE  [3:42] Mark and Mary’s differences developed into a big conversation [9:00] Mark’s values [10:12] Mary’s values [14:01] Inferring their goals [16:03] When they will retire CATCHING UP WITH LORI FROM THE 2017 RETIREMENT PLAN LIVE [22:48] What Lori and Bruce are up to today [27:18] Has their retirement plan changed? [33:01] Their plans for the future [35:15] Her advice for new retirees TODAY’S SMART SPRINT SEGMENT [38:12] Revisit your goals for retirement Resources Mentioned In This Episode RetireAgile.com LiveWithRoger.com 2017 Retirement Plan Live with Lori and Bruce 193, 194, 195, 196 Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

If you’re married, do you have retirement planning meetings? If you’re single do you plan a time to meet with yourself to plan your retirement? What or whom do you use as a sounding board? In this Retirement Plan Live, we’re getting to know Mark and Mary–two lovely people who have found each other later in life. This mature newlywed couple is trying to iron out the details of their finances.  Sit back and enjoy this episode where we meet Mary and learn about her story and the financial challenges she and Mark are facing in their new marriage. As you listen to Mark and Mary’s story maybe you can use it to frame your own retirement planning conversation.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN A BIT OF HOUSEKEEPING [1:50] What is the retirement podcast network? [3:43] Books I read in December [7:00] A correction on a recent question [7:45] Some listener wisdom on what Rojo should do to retire at 60 [13:43] Sign up for the results webinar! MEET MARY [14:38] What motivated her to volunteer for RPL? [19:03] Advice for anyone navigating the online dating world [20:15] How they ended up together [23:31] Mary’s aspirations for their relationship BRING IT ON WITH KEVIN LYLES [37:10] The phenomenon of unretirement [43:44] What to do if you are considering unretirement [45:49] A Social Security tip if you do unretire TODAY’S SMART SPRINT SEGMENT [46:28] Have your retirement planning meeting for the year Resources Mentioned In This Episode BOOK - One Flew Over the Cuckoo’s Nest by Ken Kesey BOOK - Name of the Wind by Patrick Rothfuss BOOK - The Wise Man’s Fear by Patrick Rothfuss Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

Today you’ll meet Mark–half of our newest case study for Retirement Plan Live. Mark and Mary are a year and a half into their new marriage and are trying to figure out how to plan the rest of their lives. On this episode, you’ll learn about Mark and his aspirations and concerns for their life together.  In the next episode, you’ll meet Mary, in week three we’ll discuss their goals, the following week we’ll look at their resources, and finally, we’ll see how they manage their cash flow and learn who pays for what.  Make sure that you’re signed up for the live webinar on February 1 at 7 pm CST. In this webinar, you’ll get to see how everything panned out for Mark and Mary. To sign up, head on over to LiveWithRoger.com and mark it on your calendar. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN MEETING MARK [3:30] What motivated Mark to volunteer for this case study [9:15] Mark loves spreadsheets [15:26] How they merged their lives BRING IT ON WITH DR. BOBBY DUBOIS [22:54] Should you do a broad spectrum of tests? [24:10] Why you should or shouldn’t do these tests [38:10] Why I did some screenings [46:51] How to do screenings productively TODAY’S SMART SPRINT SEGMENT [50:24] Organize the tests you’ve had from your doctor Resources Mentioned In This Episode Function Health 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

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