The Retirement Answer Man® Show

Hitting the hot topics of life and retirement, right between the ears.

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#315 - Where to Live in Retirement: Avoid a Common Mistake - Getting Trapped by What Is

#315 - Where to Live in Retirement: Avoid a Common Mistake - Getting Trapped by What Is

Retirement is one of those life changes that gives you the opportunity to reevaluate and set yourself up for the next stage of life. On this monthlong Retirement Answer Man Series, we’re going to think about how to decide where to live in retirement. This will not be a list of the top ten places to go, but instead, I want to help you build a framework to weigh your decisions. In this episode, we’ll get you thinking about your own status quo so you can evaluate whether it’s right for you. Listen in with an open mind and really think about whether your in the right place or if you’re just comfortable.

PodcastsRoger WhitneyMarch 4, 2020where to live, covid, coronavirus, Market Correction

#314 - Hybrid Long-Term Care Insurance Explained

#314 - Hybrid Long-Term Care Insurance Explained

Today as we close out the long term care planning month, Steve Cain returns to the show to discuss hybrid long-term care insurance policies. On the previous episode (#313), Steve Cain gave us the key facts about traditional long-term care insurance and today we explore some alternatives to the traditional long-term care insurance route. This episode will help you understand different options in the long-term care insurance realm. I’ll also answer some listener questions and have our retirement coach, B.W., help us think about what to do when you are in the role of caregiver.

PodcastsRoger WhitneyFebruary 26, 2020Steve Cain, insurance, long-term care

#313 - Traditional Long-Term Care Insurance Key Facts

#313 - Traditional Long-Term Care Insurance Key Facts

You may know that I am not a fan of traditional long-term care insurance. But that is why we are exploring this topic together. It is important for me to reexamine my biases periodically to see how they hold up. On this episode of Retirement Answer Man, Steve Cain, from LTCI joins me to examine traditional long-term care insurance. I have plenty of questions for him so that we can learn how traditional long-term care insurance works and examine our own risks. Join me by listening to this conversation to learn more about long-term care insurance so that you’ll have the tools to determine if it is right for you.

PodcastsRoger WhitneyFebruary 19, 2020Steven Cain, insurance, long-term care

#312 - Mitigating Your Long-Term Care Risk with Dr. Marc Milstein

#312 - Mitigating Your Long-Term Care Risk with Dr. Marc Milstein

There is a 50% chance that you’ll need long-term care at some point in your future so let’s learn how to mitigate your long-term care risk. Sure, you can always try the long-term care insurance route, but with it being an emerging industry, the underwriting doesn’t have enough data to provide the insurance that you need at a consistent cost you can afford. Long-term care insurance policies still aren’t as robust as home owner’s insurance policies. If you plan to self-insure against long-term care you’ll need to know the risk factors and what your personal risk of needing this type of costly care will be.

PodcastsRoger WhitneyFebruary 12, 2020insurance, long-term care, Marc Milstein

#311 - Will I Need Long-Term Care? Reviewing the Statistics with Christine Benz from Morningstar

#311 - Will I Need Long-Term Care? Reviewing the Statistics with Christine Benz from Morningstar

Long-term care is an issue that is really hard to grapple with and talk about. Yet it is an important one that we all need to think about. You may have dealt with it with your own parents or you may be dealing with it now. On this episode, Christine Benz, director of finance with Morningstar and author of 30 Minute Money Solutions, joins me to discuss long-term care, insurance and what’s in store for the baby boomers who are now living longer than anyone in history.

PodcastsRoger WhitneyFebruary 5, 2020long-term care, Christine Benz, morningstar

#310 - Crashes, Retirement, and Bears, Oh My! Investing in Retirement: The Pie Cake

#310 - Crashes, Retirement, and Bears, Oh My! Investing in Retirement: The Pie Cake

Investing in retirement is different than any investing you’ve ever done. The asset allocation that you’ve been doing your whole life won’t cut it in retirement. On this episode, you’ll learn what comes after asset allocation. You’ll also learn how to manage market risk. And BW joins us in the Coaches Corner to discuss how to survive bear markets in retirement. You’ll definitely want to listen in to hear my pie-cake analogy, don’t miss it!

PodcastsRoger WhitneyJanuary 29, 2020pie cake, markets, asset allocation, asset-liability matching

#309 - Crashes, Retirement, and Bears, Oh My! How to Protect Your Retirement Lifestyle

#309 - Crashes, Retirement, and Bears, Oh My! How to Protect Your Retirement Lifestyle

Protecting your retirement lifestyle is an important part of retirement planning. You want to know that if everything falls apart you’ll still be able to live the life you want. Well, unfortunately, nothing is absolutely certain and there is no way to protect yourself against everything. However, proper planning can help give you peace of mind. If you’re wondering what on earth you’ll do in the event of a bear market or market crash, listen to this episode to help you understand how to set yourself up for success in retirement.

PodcastsRoger WhitneyJanuary 22, 2020lifestyle, markets

#307 - Crashes, Retirement, and Bears, Oh My! Bear Markets: What They Are and How They Work

#307 - Crashes, Retirement, and Bears, Oh My! Bear Markets: What They Are and How They Work

The thought of bear markets in retirement can be so scary, but they can be a bit less frightening if you have a plan. That’s why we’re taking this month to discuss market downturns and how they affect retirement plans. Every couple of years there will be a 10% correction in the market but this isn’t a bear market. A bear market is at least a 20% decline in the markets. The more you learn the more you’ll be prepared for any eventuality in retirement. Listen in to learn more about bear markets and how they could affect your retirement investments.

PodcastsRoger WhitneyJanuary 8, 2020bear market, mortgage

306 - Crashes, Retirement, and Bears, Oh My! How Investing Changes in Retirement

306 - Crashes, Retirement, and Bears, Oh My! How Investing Changes in Retirement

The way you invest changes in retirement. Rather than being in the accumulation stage of life, now it’s time for the decumulation stage. But how do you flip that switch? How should your investment strategy change to reflect this new period in your life? During this monthlong series, we’ll be learning how to deal with bear markets and crashes in retirement. You may be thinking, why should I worry about bear markets when 2019 was so hot? Well, that is precisely why you should begin to consider how you would handle a bear market or a crash in retirement. Learn to be prepared for any eventuality by listening to this episode of Retirement Answer Man now.

PodcastsRoger WhitneyJanuary 1, 2020decumulation, Secure Act, investing

#305 - Travel in Retirement: Hacks to Save Money

#305 - Travel in Retirement: Hacks to Save Money

This is the episode to listen to if you are looking for hacks to save money on travel. You’ll hear my personal travel tips, as well as tips from the Rock Retirement Club, and international travel hacks. BW also joins in for the Coach’s Corner segment to enlighten us on his own views on how travel can benefit your retirement. You won’t want to miss this episode. Make sure to take notes on these travel hacks that will save you money.

PodcastsRoger WhitneyDecember 25, 2019travel, RMD, Secure Act

#304 - Travel in Retirement: Mapping Out Your Journeys

#304 - Travel in Retirement: Mapping Out Your Journeys

Where will your journeys in retirement take you? Now that you’ve learned about dreaming up your retirement travel plans and how to pay for it all, it’s time to get to work mapping out your journeys. On this episode, I’ll walk you through how to choose where to go for those initial travels in retirement. You’ll also find out why you shouldn’t lump all of your 401K contributions into the first few months of the year. And finally, I answer a listener question on a topic that I thought I covered but hadn’t. We’ve got lot’s of fantastic information for you so grab your headphones and press play!

PodcastsRoger WhitneyDecember 18, 2019travel, Roth, 401(k)

#303 - Travel in Retirement: Creating a Budget

#303 - Travel in Retirement: Creating a Budget

If you want to travel in retirement then you’ll have to go about creating a budget first. In this episode of Retirement Answer Man, I’ll walk you through the basics of creating a travel budget. You’ll learn how to categorize the types of travel you envision and then you’ll discover how to break down your expenditures. Check out this episode to get into the traveling mindset so that you can travel without the worry that you’re doing something you can’t afford.

PodcastsRoger WhitneyDecember 11, 2019travel, listener questions, 401(k), pension

#302 - Travel in Retirement: Dreaming Up Your Vacation Vision

#302 - Travel in Retirement: Dreaming Up Your Vacation Vision

Is there anything more exciting than planning your travel in retirement? During our recent listener survey, we asked you what you were most excited about in retirement. Number one on the list was time freedom and number two was travel. December is the perfect time to plan your travels for the next year which is why we decided to explore travel in retirement over the course of this month-long series. Learn how to dream up your ideal vacation on this episode of Retirement Answer Man.

PodcastsRoger WhitneyDecember 4, 2019travel

#301 - Retirement Tax Management: Withdrawal Strategies

#301 - Retirement Tax Management: Withdrawal Strategies

After all of the retirement tax management topics over the past few episodes, today we finally get to withdrawal strategies. We are wrapping up our monthlong series on retirement tax management, so make sure you listen to the previous 3 episodes to get the scoop on managing your taxes in retirement. This is a huge topic that we will definitely revisit in the future. But today you can get some great tips on how to manage income in retirement, dangers to look out for, and withdrawal strategies. When you’re done listening, head on over to RogerWhitney.com and take our listener survey to give us your input on the show.

PodcastsRoger WhitneyNovember 27, 2019withdrawal strategies, retirement tax management, Kevin Lyles

#300 - Retirement Tax Management: Medicare and IRMAA

#300 - Retirement Tax Management: Medicare and IRMAA

There is a lot to consider when planning tax management in retirement. You’ve got to think about RMD’s, tax brackets, Medicare, and IRMAA. You may have heard of IRMAA and been wondering just what this mysterious acronym is. On this episode of Retirement Answer Man, you’ll learn about Medicare and IRMAA and how exactly this all fits into your retirement tax management plan. You need to understand all the levers available to make the most of tax management in retirement.

PodcastsRoger WhitneyNovember 20, 2019retirement tax management, IRMAA

#298 - Retirement Tax Management: The Opportunity to Manage Tax Brackets

#298 - Retirement Tax Management: The Opportunity to Manage Tax Brackets

Wait, did you think that tax management would become easier in retirement? That’s hilarious! Managing your taxes in retirement can be a scary endeavor. There are new terms popping up at you from every direction. That’s why we’re taking this whole month to discuss retirement tax management. With a little bit of education, you won’t find tax management in retirement that daunting. Start your education in retirement tax management by listening to this episode of Retirement Answer Man.

PodcastsRoger WhitneyNovember 6, 2019retirement tax management, rising equity glidepath

#297 - Classic Episodes: What’s Wrong with Index-Based Investments?

#297 - Classic Episodes: What’s Wrong with Index-Based Investments?

Do you use index-based investments? There is a trend towards passive investing as people are stepping away from high fee managed funds. There are many positives in passive, index-based investments, but there are some downsides too. In this classic episode, we explore the downfalls that can come with index-based investments. If you are on the passive investing bandwagon you’ll want to discover what the negatives are to have all the information and make intelligent decisions.

PodcastsRoger WhitneyOctober 30, 2019passive investing

#296 - Work and Retirement, A Match Made in Heaven?

#296 - Work and Retirement, A Match Made in Heaven?

Are work and retirement mutually exclusive? Here at the Retirement Answer Man world headquarters, we don’t think so. On this classic (throwback?) episode, we revisit the idea of pretirement. Pretirement is the concept that you can work and retire at the same time. If you aren’t ready to hang up your hat and sit on the park bench of life, you’ll want to explore the concept of pretirement. Listen to this vintage episode of Retirement Answer Man to ponder the idea of work and retirement and discover if this is the right concept for you.

PodcastsRoger WhitneyOctober 23, 2019pretirement