#515 - How Do I Refill My Retirement Income Floor?

Have you been wondering what you’re supposed to do when it comes to refilling your retirement income buckets? So has Michael. In this episode, I’ll go into further detail about how to do that.

Stay tuned for the answer to Michael’s question and many others as well as a chat with Kevin Lyles on how to ease into retirement in the Bring It On segment. Press play to get started. 

Surrender—one more key to happiness

Last week I shared a couple of keys to happiness but I forgot one: surrender. One thing that is important to remember about retirement is true in life: you are not in control. There is so much in life and in retirement that is outside of our control, so we have to learn to surrender.

Acknowledging that you can’t control everything in life can help ensure a happy retirement. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

  • [4:38] How to reinvest retirement income floor

  • [15:21] Contribute to grandchild’s Roth accounts to teach compounding

  • [16:58] How is a non-deductible IRA contribution withdrawal handled?

  • [19:51] The pros and cons of Everplans

  • [24:26] On organizing books

BRING IT ON

  • [25:45] How to ease into retirement

TODAY’S SMART SPRINT SEGMENT

  • [33:45] Check your liquidity

Resources Mentioned In This Episode

BOOK - The Road to Character by David Brooks

BOOK - The Second Mountain by David Brooks 

Everplans.com

Episode 473 - How Is Deferred Compensation Taxed When I Receive It?

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center