#544 - Legal Tender: Tallying Their Resources
Planning for retirement isn’t about creating a new job for yourself, it’s about using what you have to create a great life. On this episode of Retirement Answer Man, I’ll help Mike and Judy tally up and organize their resources so they can come up with a feasible plan for retirement.
Press play to hear how you can follow along and create your own plan of record.
Time to tally
Mike and Judy are back again today to discuss their resources. Last week they got to have fun dreaming big, but now it’s time to get down to business.
Speaking of getting down to business, when was the last time you tallied your resources?
If you sign up for the Six-Shot Saturday newsletter you’ll receive two separate worksheets this week. Make sure to use the first one to update your resources so that you can reflect on what you have in an organized way. The second one will help give you a framework to think through your long-term care plan.
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
MIKE AND JUDY’S RESOURCES
[3:40] Some corrections from last time
[8:41] Their social capital
[12:34] Their estimated human capital
[18:18] Their assets
LISTENER QUESTIONS
[31:33] On investing to only keep pace with inflation
[38:14] Should he take his RMDs monthly or yearly
[45:16] Funding later in life healthcare costs
TODAY’S SMART SPRINT SEGMENT
[57:02] Use the worksheet from Six Shot Saturday to organize your resources
Resources Mentioned In This Episode
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center