#518 - How Can I Reduce the Chances of Running Out of Money in Retirement?
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.
How Joelle is doing in retirement
Have you been wondering how our Retirement Plan Live guests have fared over the years?
On this episode, I chat with Joelle from the 2022 Retirement Plan Live series about her life. As you’ll recall, she retired by moving from a big city in California to a tiny town and she was worried about making connections in a completely different atmosphere than she had lived during her working life.
Listen in to learn whether she is enjoying retirement, how she is enjoying life in a small town, and how her finances turned out since she retired right before the bear market. It was fun catching up with Joelle–enjoy our conversation.
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
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center