#538 - Stop Doing These Things in Retirement

Let’s get back to basics—addition and subtraction are two ways to get to the same answer. However, we have a tendency to stick with addition. Today we’ll learn how subtraction can help you come out ahead.

Why am I talking about elementary math on a retirement podcast? Listen in to find out. 

Less could end up meaning more

We all have our blind spots. One of those as a whole is that we tend to overlook subtraction as a way to change our situation. Oftentimes when it is time to make changes in our lives we jump in and try to add something to improve the situation. 

This is due to our general understanding that less = bad and more = better. 

While we are pre-wired to think this way, we can overcome this tendency through self-awareness. To this end, I have come up with six things that you should stop doing to improve your retirement. 

Retirement is a complex problem but that doesn’t mean we need complicated solutions. Aiming for simple solutions doesn’t necessarily mean they are simplistic. Learn what you should stop doing so that you can have enough time on your hands to create a great life in retirement. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

  • [2:12] Is scarcity really a negative thing?

  • [6:04] Stop trying to aim for precision

  • [11:17] Stop making retirement planning your new job

  • [14:03] Stop optimizing for returns

  • [17:42] Stop thinking you have to retire to something rather than from something

  • [21:25] Stop thinking you can wait

  • [24:16] Stop thinking you need to resign yourself to what is

LISTENER QUESTIONS

  • [27:10] Turn off dividend reinvestment in your decumulation phase

  • [30:00] A rucking comment

  • [31:03] On Social Security survivor benefits

  • [33:26] On inherited IRAs

ROCK LIFE WITH DR. BOBBY DUBOIS

  • [35:15] Movement studies

  • [45:05] Why does movement matter?

  • [48:51] Why the Hadza’s sedentary lifestyle is different from ours

  • [50:55] Why vitamin D is or isn’t helpful

TODAY’S SMART SPRINT SEGMENT

  • [1:00:34] Find an opportunity to move

Resources Mentioned In This Episode

YouTube video - What You Should Know if You Inherited an IRA

Episode 532 - How To Manage Your Scarcity Brain With Michael Easter

Episode 530 - What Is True Retirement Planning? With Christine Benz

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center