Retirement Answer Man

This episode explores the exhilarating concept of "rocking retirement," inspired by Hunter S. Thompson's famous quote. Join us as we dive into the stories of Laura and Nick, two people on the brink of retirement, each with unique paths and values. Discover how they plan to embrace retirement as single individuals, and learn the importance of identifying your personal values to achieve a fulfilling life. Plus, find out how to participate in our upcoming live events and gain insights into crafting your retirement journey.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(01:14) Agile Retirement Management focuses on helping people go all in on their retirementMEET LAURA(06:35) Introducing Laura(11:14) Laura is caring for her mother in addition to working full-time(13:07) Her thoughts on living alone from a social standpoint and replacing the social network of coworkers(15:07) Laura’s hobbies(16:13) Laura says she lives within her means and is very frugal(18:18) Laura’s top 10 values(20:00) Her experience and perspective on losing friends to cancer at a young age(22:46) The importance of making your own decisions, not always doing what society saysMEET NICK(29:19) Roger introduces Nick(30:26) Why Nick volunteered for retirement plan live(33:00) Nick was a budget analyst in the military for 22 years, then transitioned to civil service(34:49) Nick is ready to leave government work(39:12) What is it about a paycheck that changes Nick’s feelings about work?(41:56) Nick’s values exercise(44:41) Why is travel a common goal in retirement?(47:58) Reading the list of Nick’s values(53:00) Values direct our goalsSMART SPRINT(55:01) Grab the values worksheet and complete itBONUS(55:13) Roger’s grandfather's log from World War IIResources:Sign up for 6-Shot Saturday.Register for the Retirement Plan Live results webinars!Book - Essentialism: The Disciplined Pursuit of Less by Greg McKeownThe Retirement Answer Man Free Worksheet LibraryRetirement Podcast Network

💬 Show NotesWelcome to 2025! In this episode, we kick off the new year with Tanya Nichols from Align Financial to discuss the unique considerations of retiring single with no children. As part of our January series, Retirement Plan Live, we explore the journey of two individuals, a man and a woman, both navigating retirement alone. From planning for legacy and financial security to building a supportive social network, we delve into the complexities and opportunities faced by singles at or near retirement. Join us as we unpack the essentials of retirement planning for singles and set the stage for the month-long exploration of their stories.PRACTICAL PLANNING SEGMENT(00:00) The show is dedicated to helping you not just survive retirement, but have confidence(01:20) This January, we're focusing on two individuals facing retirement as a single person with no children.(04:02) Tanya Nichols from Align Financial discusses retirement planning for single people(05:30) 90% of the journey is the same but there are just slightly different considerations.(07:15) If you're single and facing retirement, what are some things that are overlaying on top of the normal planning process?(10:20) I think another thing that’s missing is having a thinking partner to exchange ideas and worries with.(12:35) It’s very difficult to make a new, old friend.(15:48) You have to be intentional about making connections and building a network of support.(17:32) When we think about the future, we think about long term care but one thing we don't think about as much is who is going to help with the day to day.(20:35) As you're single and retiring does this lean towards a safety first approach in terms of taking money that you have and turning on guaranteed income?(22:15) As you’re aging by yourself, sometimes you are not aware of cognitive issues.(23:30) Even if you are married, there will be a point in your life where one of you are singleLISTENER QUESTIONS(24:51) Lauren asks about a new mortgage product that merges your mortgage with your personal banking.(27:31) Jim asks about tracking down old 401ks.(30:04) Greg asks a question about being the tax preparer for the family and his aging mother.SMART SPRINT(34:10) In the next seven days I want you to establish a file for year end statements from all of your accounts and any tax information you get from those providers.BONUS(35:23) Roger reads another excerpt from his grandfather's WWII journal.REFERENCESAlign Financial- Tanya Nicholshttps://www.align.financial/tanya-nichols/Roger Whitneyhttps://rogerwhitney.comBook- Gospel of Wealth  by Andrew Carnegiehttps://www.carnegie.org/publications/the-gospel-of-wealth/Mark's Money Mind Podcasthttps://marksmoneymind.comLife Changer Loanhttps://lifechangerloan.comShow notes created by https://headliner.app

In this special Christmas Day episode, we explore the art of reflection as we approach the end of 2024. Join us as we dive into Tanya Nichols' year-end reflection protocol and challenge ourselves to look back on our successes, failures, and lessons learned. We'll also answer listener questions on topics ranging from Roth contributions to mortgage strategies. Plus, get a sneak peek into 2025 with upcoming episodes focused on retiring single and live case studies. Don't miss this opportunity to glean wisdom and set intentions for the new year.PRACTICAL PLANNING SEGMENT (00:45) It is a good time of year to reflect on 2024(03:00) Today we are going to work through Tanya Nichol’s end of year 2024 worksheet.(03:47) What are some successes you achieved this year, professionally and personally?(06:15) What are some failures this year that you're not proud of?(06:56) What are some things you wish you had done in 2024?(07:27) What are things that you thought were really critical last year that are meaningless now?(08:03) The next category for 2024 reflection is what made me truly happy in 2024?(09:10) What made you deeply sad this last year?(10:00) Next category. Something new I discovered about myself this year(10:50) What did you love in 2024?(11:12) When you reflect on 2024, what seasons are ending for you?(12:15) What new seasons are coming?(14:20) My theme for 2025 is outdoors. I want to be outdoors more next year.(15:00) Our team word for 2025 is HONE. LISTENER QUESTIONS(15:51) Bob asks about Roth contribution limits as a low earned income household for 2024(18:11) Listener Brian has found a way to keep his brain active by attending college courses to work on his Mindset nonfinancial pillar.(21:01) Our next question comes from Jim related to paying down a mortgage(26:50) Nancy just wanted to share her gratitude as a long time listener of the show.SMART SPRINT(27:17) Grab the intention worksheet that we're going to share on Six Shot Saturday and reflect on your 2024BONUS(28:06) Roger shares the next entry from his grandfather's WWII journalShow notes created by https://headliner.app

💬 Show NotesJoin us in this episode as we delve into the complexities of retirement planning with Dr. Daniel Crosby, author of The Soul of Wealth. Discover the importance of learning what to ignore and how to trust your inner voice amidst the noise. We also explore the nuances of health management with Dr. Bobby Dubois, discussing how to tailor your health journey to your unique style. Plus, get a sneak peek into the upcoming Retirement Plan Live case study and exciting changes for the show in 2025.(00:30) Today we are going to talk to Doctor Daniel Crosby and Doctor Bobby Dubois(04:20) Retirement Plan Live starts in January. We will have two subjects this go round, both are retiring single, with no children.(05:30) In 2025, the show will be more focused on retirement.INTERVIEW WITH DANIEL CROSBY(06:20) Welcome Doctor Daniel Crosby to the show.(07:00) We are going to focus on a chapter in The Soul of Wealth, Learning What to Ignore.(08:15) Daniel: I feel like our attention is being pulled in negative ways...We live in a world where we are utterly unprepared for the amount of information coming our way.(10:35) Daniel: Going back to the top of your funnel and figuring out what you want can be deeply obscured by focusing on the wrong thing.(12:35) Daniel: The reason that we are at the top of the food chain is our ability to work cooperatively together and part of working together is benchmarking with each other.(13:20) Roger: Whatever your vision is should be a reflection of your values.(17:55) Roger: We have to know what to pay attention to when it comes to practical planning so we don't spend too much time focusing on the wrong thing. What are those filtering questions?(19:05) Question 1:  Do you have a reason to believe the accuracy of this information?(21:31) Question 2: What is the motivation of the person giving forecast or information?(26:20) Daniel: That which we obtain too easily, we esteem too lightly.(27:15) Question 3: Will I care about this in the next 5 years?(29:29) Daniel: “Given the state of everything,” is kind of how everyone feels all the time.(30:30) Last question: Does this matter to my finances or my soul?(33:40) Daniel: When people look back on their lives, they don’t care about work and money all that much.INTERVIEW WITH DR BOBBY DUBOIS(35:50) Dr. Bobby Dubois joins us to talk about energy and retirement.(36:41) Today we are going to talk about HOW we approach our health.(38:06) Bobby: One size fits all doesn't reflect our personality types. How things motivate us are not the same from one person to another.(40:02) Roger: Quote from Neal Stephenson might apply to today's longevity discussion. Most of us are too busy living our lives to think about longevity.(41:35) Bobby: There are five different health types and there's a quiz to identify them(42:11) Bobby: The first type is the holistic health hacker, wellness is front and center.(43:52) Bobby: Next is single minded achievers, they focus on one or two things and can get tunnel vision. (45:55) Bobby: Purposeful path planners are folks who are motivated about their health but can get overwhelmed by information.(47:39) Bobby: Contentment creators have mastered the art of enjoying life. Life is front and center and health is secondary.(49:40) The last type is the smallest in my database, hopeful health seekers. They keep at it and don’t give up but they haven’t found the way toward health.(51:17) Bobby talks about Roger being a purposeful path planner.(55:36) Roger: There's a difference between deciding, indecisive, and undecided(59:40) Your health type may change over time.SMART SPRINT(01:05:42) IN the next seven days, I challenge you to use Dr Crosby’s focusing questions to strengthen the muscle around what you should pay attention to and what you should ignore.BONUS(01:06:23) All right, mission number seven and eight, July 8, 1944. Ship number 188, sortie 5th ViennaShow notes created by https://headliner.appRational optimism✍️ Episode ReferencesDr. Daniel Crosbyhttps://www.danielcrosby.com/The Soul of Wealthhttps://harriman.house/books/the-soul-of-wealth/Dr. Bobby Duboishttps://www.drbobbylivelongandwell.com/James Clearhttps://jamesclear.com/Cal Newporthttps://www.calnewport.com/books/deep-work/The Rational Optimist: How Prosperity Evolves- Matt Ridleyhttps://www.amazon.com/Rational-Optimist-Prosperity-Evolves-P-s/dp/0061452068