💬 Show Notes

In this episode, we continue our four-week series on better retirement goal setting with Roger Whitney. This week, we delve into the dynamics of navigating retirement goals as life unfolds and the concept of opportunity cost. In the second half, Roger has enlightening discussion with Dr. Bobby, where he explores the pros and cons of organic food and its relevance to our health and finances. Discover how to align your retirement goals with your evolving self and make informed choices about your lifestyle. Tune in for practical insights that can help you rock your retirement!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

• (00:00) This is week three of a four-week series on better retirement goal setting, plus Roger chats with Dr. Bobby about the cost-benefit of buying organic.
• (02:55) Roger encourages registration for his next live meetup at livewithroger.com.

PRACTICAL PLANNING SEGMENT

• (03:40) Roger reflects on setting goals that will align with the current version of you and also who you are becoming.
• (05:44) Roger explores how goals evolve over time, the barriers that make it hard to recognize and adapt to those changes, and a simple protocol to help ensure your goals stay aligned with what matters most.
• (07:15) Priorities shift over time as what once mattered may lose importance and new values emerge.
• (10:27) Life events like health changes, family needs, or loss can rapidly reorder goals.
• (12:41) Common barriers to noticing change include inattention, sunk cost fallacy, and social pressure.
• (16:01) Regular reflection helps keep goals aligned with what’s truly important.
• (20:05) Review spending regularly to ensure it reflects your current priorities.

CHAT WITH DR. BOBBY

• (23:20) Roger introduces Dr. Bobby to talk about organic foods.
• (25:52) What are organic foods?
• (29:03) Dr. Bobby breaks down the cost of organic food.
• (33:00) What are the benefits of organic food? Is it worth the cost?
• (38:15) Roger acknowledges that some people feel strongly about buying organic as a way to take control of their health.
• (40:57) 80% of the US population doesn't get enough fruits and vegetables.
• (42:16) Dr. Bobby breaks down the ROI on buying organic.
• (48:23) If you do buy organic, which products should you buy?
• (52:20) Bobby talks about his podcast and the power of positive thinking when dealing with illness.

SMART SPRINT

• (53:13) In the next seven days, pull out your retirement plan of record and review your goals.

REFERENCES

• Live Long and Well with Dr. Bobby- podcast
• Sign up for our next Webinar!
• Submit a Question for Roger
• Sign up for The Noodle
• The Retirement Answer Man
  
  

In this episode, Roger Whitney continues his four-week series on retirement goal setting, focusing on the importance of building agile retirement goals. He emphasizes creating the right conditions for discovering what you truly want in retirement, rather than fixating on specific desires. Roger shares insights on self-discovery, the anatomy of goals, and the significance of establishing a solid foundation for a fulfilling retirement. Tune in to learn how to navigate your retirement journey with confidence and purpose!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

• (00:00) This week Roger talks about building agile retirement goals.

PRACTICAL PLANNING SEGMENT

• (03:10) The intent is to build goals that are more meaningful to you so you can rock retirement.
• (07:00) How do you set goals that are meaningful to you in an agile way?
• (07:39) You want to start with self-discovery and establishing or revisiting your values.
• (09:53) Focus on creating conditions to explore your values and build a life where fulfillment naturally follows.
• (13:43) You have to experiment to determine what is right for you.
• (18:30) Roger talks about the anatomy of a goal, specifically low stakes goals that maximize optionality in retirement planning.
• (21:08) Roger talks about high stakes goals.
• (25:04) Low-stakes goals help you experiment, make confident decisions, and discover what truly supports a fulfilling retirement.

LISTENER QUESTIONS

• (27:30) Roger answers Melissa’s questions about rolling over an IRA without penalty and whether to trust a flat-fee fiduciary firm that offers to manage her accounts.
• (33:06) Greg asks Roger to revisit healthcare before Medicare.
• (34:17) Rob asks about deferring Social Security to age 70 and whether he still receives COLA increases in addition to the 8% delayed retirement credit.
• (36:03) Chris asks about using only a total world stock and bond index for his portfolio.
• (40:20) Roger advises keeping a local contingency fund so you always have accessible cash and don’t feel “cash poor.”

SMART SPRINT

• (43:20) Go back to your retirement goals and the plan you’ve put together. Look at them through the lens of our recent discussion

RESOURCES

• Sign up for our next Webinar!
• Scarcity Brain: Fix Your Craving Mindset and Rewire Your Habits to Thrive with Enough- Michael Easter
• Submit a Question for Roger
• Sign up for The Noodle

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💬 Show Notes

In this episode, Roger Whitney kicks off a four-week series on retirement goal setting, tackling the paradox of knowing what you want in retirement. He discusses the challenges of articulating desires for a life stage that many have never experienced, emphasizing the importance of not oversimplifying retirement goals. Tune in to explore how to set the right conditions for a fulfilling retirement and avoid the pitfalls of external scripts and societal expectations.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING

• (01:32) We are starting a four week series on retirement goal setting.
• (02:44) Why “What do you want to spend in retirement?” isn’t the right question.
• (05:54) Next week, we'll talk about how to be more nuanced when setting retirement goals.
• (09:40) The problem with following other people’s scripts
• (13:14) The problem of getting too detailed

LISTENER QUESTIONS

• (16:36) Am I required to keep an Inherited IRA separate from my other IRA's or can it be combined with an existing IRA for simplicity?
• (19:11) Richard wants to noodle on the retirement distribution order.
• (23:40) I’m 3-5 years from retirement. Is now the right time to join Rock Retirement Club?
• (26:29) Estate preparation hint from Jane on the three passwords a family needs

SMART SPRINT

• (28:19) In the next seven days, revisit your retirement goals.

EXTRA

• (29:11) Shauna and I are celebrating our 35th wedding anniversary this week!

REFERENCES

• Submit a Question for Roger
• Sign up for The Noodle

FOLLOW US ON SOCIALS

• Follow Us on Facebook!
• Follow Us on Instagram