#328 - Oh, Behave! Behavioral Finance and Retirement: Are You Rational?
#328 - Oh, Behave! Behavioral Finance and Retirement: Are You Rational?

This month on the Retirement Answer Man show we are diving deep into behavioral finance. Do you consider yourself a rational person? Most of us think we are rational people, but according to Frederick Nitzsche rationality is impossible. However, without rationality, we are bound to make poor financial decisions. That’s why today we’re going to explore our humanness and focus on how we can make better decisions. Listen in to learn how to make better financial decisions so that you can rock retirement.

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PodcastsRoger Whitneybehavioral finance, capital gains, loss aversion
#327 - Setting Your Retirement Assumptions: 5 Rules to Follow
#327 - Setting Your Retirement Assumptions: 5 Rules to Follow

It’s easy to say don’t live your life based on assumptions. But how can we do that in retirement when assumptions are our way of managing uncertainties? Assumptions are basically just guesses at things we don’t know. And we need to make some assumptions to create a plan. So today we’ll finish off the setting your retirement assumptions series by exploring 5 rules for setting and managing retirement assumptions. Join me to learn how we can make good assumptions.

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PodcastsRoger Whitneyretirement assumptions, retirement identity
#325 - Setting Your Retirement Assumptions: Costs
#325 - Setting Your Retirement Assumptions: Costs

One of the biggest assumptions you can make in retirement is in your spending. Spending is one of the greatest financial pieces of retirement planning. On this episode, we’re talking about spending. How do you track your spending? How do you know how much you will spend in retirement? Will your spending change after you retire? Listen in to hear how to break free from your retirement assumptions so that you can not just survive retirement but rock retirement.

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PodcastsRoger Whitneyretirement assumptions, IRMAA, RMD
#324 - Setting Your Retirement Assumptions: Life Assumptions
#324 - Setting Your Retirement Assumptions: Life Assumptions

What retirement assumptions do you have? In retirement planning, we rely on assumptions for just about everything. This may seem like a small thing, but this topic is so big that we are taking the whole month of May to talk about it. Today we tackle the life assumptions: how much you plan to spend, how long you plan to work, how long you think you’ll live. Join me as we consider the different assumptions we all make when planning for retirement. 

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PodcastsRoger Whitneyretirement assumptions, Roth
#322 - 5 Ways Retirement Planning Will Never Be the Same
#322 - 5 Ways Retirement Planning Will Never Be the Same

Retirement planning will never be the same. Actually there are many aspects of our lives that will never be the same. The Coronavirus disruption has been exactly that, a disruption of our everyday lives. It has affected everything from education, to work life, to retirement planning. Find out how staying intentional and agile will help you rock retirement on this episode of Retirement Answer Man. 

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PodcastsRoger Whitneyretirement planning, covid, coronavirus, trends
#321 - How to Navigate a Recession in Retirement
#321 - How to Navigate a Recession in Retirement

So, we’re not in a recession yet, but these are definitely challenging times. A recession is a temporary economic decline with a fall in the gross domestic product over successive quarters. Although we technically aren’t in a recession right now, we can stay agile by preparing ourselves for what is to come. Join me today to learn how you can navigate a recession in retirement. You’ll learn 6 areas in which you can play offense or defense to help you be prepared for what may lie ahead. 

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PodcastsRoger Whitneyrecession
#319 - 6 Retirement Lessons from 6 Years of The Retirement Answer Man
#319 - 6 Retirement Lessons from 6 Years of The Retirement Answer Man

Making the choice to retire and actually stepping away from the comfort of your long-time career can be so difficult. It takes a lot of courage to make that leap. On this episode of Retirement Answer Man, we’ll be analyzing how you can create a strategy to step off that train and get started on your retirement. Listen in to hear how to start planning for the retirement that you know you want. But first, let’s talk about this stimulus package. 

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PodcastsRoger Whitneycovid, coronavirus, strategic retirement, stimulus package, CARES Act
#318 - Where to Live in Retirement: Steps to Navigate the Transition
#318 - Where to Live in Retirement: Steps to Navigate the Transition

Choosing where to live in retirement can seem daunting to some and exhilarating to others. On this final episode of the Where to Live in Retirement series, we hope to teach you how to take steps to navigate a transition to create the retirement and the life that you really want. If you listen to this show that means that you are preparing to rock retirement. Listen in to this episode to hear how to take intentional action to plan where you really want to be in retirement.

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PodcastsRoger Whitneywhere to live, Kevin Lyles
#317 - Where to Live in Retirement: Experiment and Decide
#317 - Where to Live in Retirement: Experiment and Decide

Over the past several episodes we have been discussing how to decide where to live in retirement. After listening to the previous episodes in this series, you have been able to acknowledge your own status quo and build a framework to decide the kind of place that you want to live in retirement. Now is the time to experiment and decide what makes the most sense for you and your situation. Listen in to hear different ways you can experiment and choose the right place to retire.

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PodcastsRoger Whitneywhere to live, identity theft
#316 - Where to Live in Retirement: Creating the Ideal Living Profile
#316 - Where to Live in Retirement: Creating the Ideal Living Profile

Creating an ideal living profile will help you build a vision of your retirement. On this Where to Live in Retirement series, we’re not giving you a list of top places to retire, instead, you will learn how to build a framework to help you understand where is the right place for you. On this episode, you’ll consider questions to ask yourself and your spouse to create the ideal living profile for your retirement. Listen in to learn how to build a vision of what you want your environment to look like.

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PodcastsRoger Whitneywhere to live, bond ladder
#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.

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PodcastsRoger Whitneywhere 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.

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PodcastsRoger WhitneySteve 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. 

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PodcastsRoger WhitneySteven 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.

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PodcastsRoger Whitneyinsurance, long-term care, Marc Milstein