How will Social Security benefits fit into your retirement equation? If you have a spouse, there is an added level of complexity when considering your Social Security claiming strategy.  We explore this topic and more through listener questions on today’s episode of Retirement Answer Man. Learn what to consider and how to approach the Social Security question by pressing play. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS  [3:49] Kathy shares Soaring Spirits International – a widows' group [4:33] Claiming Social Security strategies [9:55] Non-qualified stock options [18:39] Simplifying your investments going into retirement  BRING IT ON  [32:19] Having passions or projects to drive you [35:09] Plan your days in retirement  TODAY’S SMART SPRINT SEGMENT  [36:47] Declutter one thing  Resources Mentioned In This Episode Soaring Spirits International SSA.gov Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

How Should Spouses Claim Their Social Security Benefits?

A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement.  Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com

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Self-Improvement

  Have you thought about getting a mortgage for your home in retirement? If so, have you strategized how you would pay it off? In this episode, we explore Scott’s question about pursuing a mortgage and paying it off early. Listen in to learn some different strategies you could use if you plan to get a mortgage on your home in retirement.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT  [2:08] Should Scott get a mortgage to build his retirement home?  LISTENER QUESTIONS  [12:13] HSA fees can be more expensive than the interest [15:14] What should John think about when deciding on whether to get a mortgage? [19:12] On using reverse dollar cost averaging [22:07] Can we use Roth conversions to do RMDs? [25:29] Understanding investment advisory fees [29:28] Tom’s perspective on his retirement  ROCK LIFE  [33:41] On cultivating a growth mindset  TODAY’S SMART SPRINT SEGMENT  [35:00] Take your thought and do it in the moment  Resources Mentioned In This Episode Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK -  Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

Should I Get a Mortgage for My Retirement Home?

Let’s get back to basics—addition and subtraction 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.  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

Stop Doing These Things in Retirement

Have you ever considered moving to a retirement community? With the freedom that retirement brings, many people begin to rethink their living arrangements.  On this episode, you’ll hear how Brad and his wife decided to move to a retirement community. Listen in to hear how they approached their decision, the research they put in on where to retire, and how they enjoy their new locale.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN A MINI CASE STUDY  [2:40] How Brad discovered The Villages [10:55] What led them to explore 55+ communities [13:10] How The Villages are organized [20:35] How to explore places to move in retirement  LISTENER QUESTIONS  [23:50] Should we consider getting I-bonds in 2024 [29:50] Clarifying new catch-up rules in 2026 [32:27] Charlie’s comment on systems thinking [36:18] Where to put taxes in your planning software [38:41] A suggestion for the podcast  TODAY’S SMART SPRINT SEGMENT  [40:06] Think about where you are going to live in retirement  Resources Mentioned In This Episode YouTube video - What You Should Know if You Inherited an IRA After January 1st, 2020 I Bonds Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK -  Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

My Experience Moving to a Retirement Community

Does a withdrawal strategy in retirement have to be complicated or can you simply do a reverse of dollar cost averaging? In this episode, we’ll take a look at how reverse dollar-cost averaging would work by using an example and discover who it works for. Click play to learn if this withdrawal strategy would work for you. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH A LISTENER QUESTION  [1:44] Is it okay to do a reverse dollar-cost average for withdrawals in retirement?  IN THE NEWS  [14:30] The rules have changed for Inherited IRAs  LISTENER QUESTIONS  [18:55] What should Vicky do with the proceeds from the sale of her home? [24:09] What to do with a 10-year inherited IRA [27:55] What is the best way to fund bucket #1 to prep for retirement? [35:10] A topic suggestion  TODAY’S SMART SPRINT SEGMENT  [36:11] Evaluate the resilience of your plan  Resources Mentioned In This Episode Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK -  Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center  

Can I Do a Reverse Dollar-Cost Averaging for Withdrawals in Retirement?

We would all love to have that magic number–the exact amount we need to retire. However, since there are so many unknowns it is impossible to attain an exact number. This is why the big question of retirement is a complex one.  In this episode, I’ll walk a listener through the process of how she can learn how much she really needs to retire. Make sure to stick around to hear about the books I read in March. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS  [1:46] How much do I really need to retire? [20:30] A comment on the FIRE movement [22:09] How to change advisors [27:28] How to get into the decumulation state of mind [32:37] Feedback on the Michael Kitces interview  BOOKS I READ IN MARCH  [34:00] Books I read this past month  TODAY’S SMART SPRINT SEGMENT  [36:22] Revisit your feasible plan of record to see how resilient it is  Resources Mentioned In This Episode BOOK -  Gulag Archipelago by Aleksandr Solzhenitsyn BOOK -  Tai Pan James Clavell BOOK -  Soul of an Octopus by Sy Montgomery  The State Of Retirement Planning With Michael Kitces What is the FIRE Movement? NewRetirement.com Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK -  Rock Retirement  by Roger Whitney Roger’s Retirement Learning Center

How Should Spouses Claim Their Social Security Benefits?

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