#535 - How Much Money Do I Really Need to Retire?
We would all love to have that magic number–the exact amount we need to retire. However, since there are so many unknowns it is impossible to attain an exact number. This is why the big question of retirement is a complex one.
In this episode, I’ll walk a listener through the process of how she can learn how much she really needs to retire. Make sure to stick around to hear about the books I read in March.
How to figure out how much you need to retire
Rocking retirement isn’t about saving an exact dollar amount. No complex problem can be solved with a simple number.
Instead, you’ll want to have a process to help get you organized so that you can focus on the right things. That process will help you build your feasible plan of record.
By building your plan of record you’ll be able to take baby steps so that you don’t get overwhelmed with the seemingly endless questions that retirement poses.
Learn the questions you need to ask yourself and the best resources to use to help you build your retirement plan of record.
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
LISTENER QUESTIONS
[1:46] How much do I really need to retire?
[20:30] A comment on the FIRE movement
[22:09] How to change advisors
[27:28] How to get into the decumulation state of mind
[32:37] Feedback on the Michael Kitces interview
BOOKS I READ IN MARCH
[34:00] Books I read this past month
TODAY’S SMART SPRINT SEGMENT
[36:22] Revisit your feasible plan of record to see how resilient it is
Resources Mentioned In This Episode
BOOK - Gulag Archipelago by Aleksandr Solzhenitsyn
BOOK - Tai Pan James Clavell
BOOK - Soul of an Octopus by Sy Montgomery
The State Of Retirement Planning With Michael Kitces
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center