Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®
  • 4.6 (1.2K)
  • Investing
  • Updated Weekly

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

  1. 1d ago

    Retirement Toolkit: How to Rebalance a Retirement Portfolio

    This week Roger explains why rebalancing is one of the most important disciplines in retirement planning. In the Retirement Toolkit, he explores the difference between a traditional investment allocation and a retirement allocation, explaining how to organize your assets to support both your current lifestyle and your future needs. Along the way, he answers listener questions about speculative investments, the retirement red zone, the Rule of 55, and managing retirement cash reserves. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger explains why portfolios naturally drift over time and why rebalancing helps keep your retirement plan aligned with your long-term goals.RETIREMENT TOOLKIT (02:45) Roger explains how to rebalance a retirement portfolio, introduces his retirement allocation strategy, and shares practical tips for keeping your investments aligned with the life you want to live.LISTENER QUESTIONS (34:50) BB asks whether a high-risk AI cryptocurrency investment belongs in a retirement portfolio. Roger discusses separating speculative investments from retirement assets and investing with intention.(39:30) Jim asks how the retirement red zone changes for people who retire early. Roger explains sequence of returns risk and why its impact depends on factors like retirement age and overall funding.(44:16) Jamie asks how the Rule of 55 applies to her 401(k). Roger explains why eligibility depends on the employer's retirement plan and recommends checking with the plan administrator.(46:53) Pat asks how to replenish a retirement money market account each year. Roger discusses coordinating withdrawals with tax planning and maintaining flexibility in retirement income.SMART SPRINT (50:10) Roger encourages listeners to identify their target retirement allocation by defining how much they want in their contingency fund, income reserve, and long-term growth portfolio.ON THE BOOKSHELF  (51:28) Nicole recommends Undistracted by Bob Goff, and Mark recommends Living Life in Crescendo by Stephen R. Covey and Cynthia Covey Haller. Roger shares his thoughts on lifelong growth and purpose in retirement. REFERENCES Submit a Question for RogerSign up for The NoodleUndistracted: Capture Your Purpose. Rediscover Your Joy. by Bob GoffLiving Life In Crescendo by Stephen R. CoveyNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Retirement Toolkit: How to Rebalance a Retirement Portfolio

  2. Jul 8

    Retirement Toolkit: How Does Step Up in Cost Basis Work

    This week Roger talks about one of the biggest challenges retirees face today: information overload. He explains why more information doesn't always lead to better decisions and why building a great retirement starts with focusing on what matters most to you. In the Retirement Toolkit, Roger unpacks stepped-up cost basis, covering how it works, when it matters, and how it can become a valuable estate planning tool. Along the way, he answers listener questions on retirement income strategies, cash reserves, government retirement accounts, and how to create a retirement plan that's both practical and personal.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger discusses how information overload can make retirement planning feel overwhelming and explains why simplifying your focus leads to better decisions.RETIREMENT TOOLKIT (08:20) Roger breaks down stepped-up cost basis, explaining how inherited assets receive a new tax basis at death, which assets qualify, how the rules differ for spouses, and how this strategy fits into estate and retirement planning.LISTENER QUESTIONS (21:20) Mike asks whether adding a whole life insurance policy is an effective retirement income strategy. Roger explains why it's important to build a retirement plan first before evaluating insurance products and discusses situations where whole life may or may not make sense.(32:00) Allison asks about the federal TSP's pro-rata withdrawal rules and whether rolling funds to an IRA would make a bucket strategy easier to implement.(34:13) Steven asks how much cash to have available before retirement. Roger shares his approach for building a five-year spending reserve while balancing flexibility and sequence-of-returns risk.(39:56) Tom asks whether to model retirement spending using flat nominal dollars or adjust for inflation and the retirement spending smile. Roger explains why retirement plans should reflect personal spending goals rather than population averages.SMART SPRINT (47:00) Roger encourages listeners to filter information through their own priorities, remembering that general advice is only valuable if it applies to their unique situation.REFERENCES Submit a Question for RogerSign up for The NoodleNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Retirement Toolkit: How Does Step Up in Cost Basis Work

  3. Jul 1

    Retirement Toolkit: How Required Minimum Distributions (RMDs) Work

    This week Roger explores the idea of "digging where your feet are" and how focusing on what you can do today can reduce anxiety about the future and regret about the past. In the Retirement Toolkit, he explains the basics of Required Minimum Distributions (RMDs), including when they begin, which accounts they affect, how they're calculated, and strategies for managing them through retirement. Listener questions cover Roth conversions, 401(k) rollovers, donor-advised funds versus direct charitable giving, and healthcare costs before Medicare. Roger closes the episode with a Fourth of July story about unexpected kindness from strangers in rural Texas. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger introduces the idea of "dig where your feet are" and explains why focusing on today's actions leads to better retirement planning than living in the future or the past.RETIREMENT TOOLKIT (04:06) Roger breaks down Required Minimum Distributions (RMDs), explaining what they are, when they begin, which retirement accounts are affected, how they're calculated, and strategies for minimizing their long-term tax impact.LISTENER QUESTIONS (17:10) Michael asks whether Roth conversions are worthwhile with only a short window between retirement and the start of Required Minimum Distributions.(23:10) Lynn asks how to minimize market risk when rolling a 401(k) into an IRA and worries about being out of the market during the transfer.(28:19) Sandy shares concerns about donor-advised funds and encourages earlier conversations around charitable giving. Roger discusses both the advantages and criticisms of donor-advised funds.(32:52) John shares concerns about healthcare costs before Medicare. Roger discusses replacing vague fears with concrete planning and evaluating the trade-offs of retiring early.SMART SPRINT (38:01) Roger's challenge this week: estimate your future Required Minimum Distribution using an online calculator to better understand how RMDs may affect your retirement income and taxes.CLOSING THOUGHTS  (38:54) Roger shares a Fourth of July story about his daughter receiving help from several strangers after experiencing car trouble in rural West Texas, reflecting on kindness, generosity, and the spirit of America.REFERENCES Submit a Question for RogerSign up for The NoodleCharles Schwab Required Minimum Distribution CalculatorNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Retirement Toolkit: How Required Minimum Distributions (RMDs) Work

  4. Jun 24

    IRMAA: The Medicare Premium Surprise and How to Avoid It

    This week Roger breaks down IRMAA Medicare surcharges and why retirees should understand them without letting them dominate retirement planning decisions. He explains how the income thresholds work, common planning mistakes to avoid, and what happens if you cross into a higher premium bracket. Listener questions cover gifting strategies with adult children, Social Security claiming options for spouses, health insurance before Medicare, long-term care planning, combining finances later in life, and the tax treatment of gifts.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger introduces IRMAA Medicare surcharges and explains why understanding them can help avoid surprises and unforced planning mistakes.RETIREMENT TOOLKIT (01:28) Roger breaks down IRMAA Medicare surcharges, explaining when they apply, why they matter, and how retirees can avoid being caught off guard by higher Medicare premiums. LISTENER QUESTIONS (15:11) John asks whether purpose-driven gifts to adult children impose the giver's values and how to balance generosity with expectations.(26:50) Joe asks how Social Security spousal benefits work when one spouse delays claiming until age 70.(31:50) Paul asks whether it's possible to wait until getting sick before enrolling in Affordable Care Act coverage.(33:41) Paul asks about using a Roth IRA as a self-funded long-term care reserve instead of purchasing long-term care insurance.(38:53) Suzanne asks for advice on combining finances in a later-life marriage between two retired widows.(45:43) Dave asks whether recipients of financial gifts owe taxes on the money they receive.SMART SPRINT (47:21) Roger's challenge this week: take a break from planning and simply enjoy life.ON THE BOOKSHELF (47:46) Kevin Lyles reviews The Stimulated Mind: Future-Proof Your Brain from Dementia and Stay Sharp at Any Age by Dr. Tommy Wood.REFERENCES Submit a Question for RogerSign up for The NoodleON THE BOOKSHELF The Stimulated Mind: Future-Proof Your Brain from Dementia and Stay Sharp at Any Age by Tommy WoodNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    IRMAA: The Medicare Premium Surprise and How to Avoid It

  5. Jun 17

    Mutual Funds vs. ETFs- Which is Better for Retirement?

    This week, a simple quote about wasting time sparks a deeper conversation about why retirement isn't meant to be endlessly optimized. In the Retirement Toolbox, we compare mutual funds and ETFs, exploring their differences in costs, trading, and tax efficiency. Listener questions cover Roth conversion assumptions, choosing between a pension and lump sum, whether the Shiller PE ratio can predict market crashes, and how to think about portfolio risk without falling into the trap of over-optimization. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) The episode opens with a reflection on the value of wasting time and why not every moment in retirement needs to be optimized or productive.RETIREMENT TOOLKIT (04:06) In today’s Retirement Toolkit, Roger breaks down the differences between mutual funds and ETFs, focusing on how structure, trading mechanics, costs, and tax efficiency can impact which vehicle is best suited for different types of accounts and investing strategies. LISTENER QUESTIONS (26:08) A listener asks whether future tax brackets should be adjusted when modeling Roth conversions and why long-term tax projections have significant limitations.(32:40) The pros and cons of keeping a pension versus taking a lump sum are examined, along with a framework for comparing guaranteed income to investment alternatives.(44:54) The Shiller PE ratio is put under the microscope as the conversation explores whether market valuations can reliably predict future crashes or returns.(59:58) Portfolio risk, AI, and the dangers of over-optimization are discussed, with an emphasis on building a strategy that aligns with both goals and temperament.SMART SPRINT (1:00:43) This week's challenge is simple: intentionally waste some time and enjoy activities that have no agenda or productivity goal.DECLUTTERING DEBRIEF (1:01:53) A listener shares the reminder that "the thing is not the memory" and why letting go of possessions doesn't mean letting go of meaningful experiences.ON THE BOOKSHELF (1:02:24) A listener recommendation of Snow Crash by Neal Stephenson as well as Roger’s recommendation of The Match, a nonfiction story about a legendary 1956 golf match and the players involved. REFERENCES livewithroger.com — Register for Noodle Live on June 18!Submit a Question for RogerSign up for The NoodleON THE BOOKSHELF Snow Crash by Neal Stephenson The Match: The Day the Game of Golf Changed Forever by Mark Frost Note: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Mutual Funds vs. ETFs- Which is Better for Retirement?

  6. Jun 10

    Know What You Pay: A Guide to Investment & Advice Costs

    Roger Whitney explores the relationship between cost and value in retirement planning, focusing on how to better understand the fees associated with financial advice, investments, and insurance products. Using a listener question about an annuity recommendation as a starting point, he explains why investors need clarity around what they are paying so they can determine whether they are receiving enough value in return. Roger also answers listener questions about transitioning into retirement, creating an income strategy before Social Security begins, and shares more decluttering wins from the community. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger introduces the idea that understanding value requires first understanding price, and explains why investment and advisory fees can often feel difficult to identify.RETIREMENT TOOLKIT (02:49) Roger explores the relationship between price and value in financial planning, using a listener question about annuities to explain how advisor fees, investment expenses, and compensation structures work. He encourages listeners to understand what they are paying in dollar terms so they can determine whether the value they receive aligns with the cost. LISTENER QUESTIONS (26:23) A listener asks for guidance on navigating the emotional transition during the final year before retirement and how to "land the plane" well.(33:00) Roger shares listener feedback from his healthcare episode.(33:40) Roger addresses a question about whether paying for family vacations should count toward annual gifting limits. (35:08) Molly asks how to structure retirement withdrawals before claiming Social Security, and Roger shares his approach to creating an income reserve.SMART SPRINT (37:41) Take 20–30 minutes this week to identify the fees associated with your investments or financial advice and convert them into dollar amounts so you can better evaluate the value you receive.DECLUTTERING DEBRIEF (38:55) Roger shares listener success stories inspired by the decluttering series.REFERENCES livewithroger.com — Register for Noodle Live on June 18!Submit a Question for RogerSign up for The NoodleNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Know What You Pay: A Guide to Investment & Advice Costs

  7. Jun 3

    Take the Retirement Leap of Faith with Jordan Grumet

    Roger Whitney explores the idea that retirement always involves both excitement and uncertainty. While people spend years gathering information, running projections, and refining plans, there comes a point when no amount of additional analysis can eliminate risk. Through a conversation with Dr. Jordan Grumet, Roger discusses why retirement ultimately requires a leap of faith, how fear of running out of money can overshadow the risk of missing life, and practical ways to build confidence in spending and living intentionally. The episode also features listener reflections on decluttering, strategies for letting go of physical and financial clutter, and a Rockin’ Retirement in the Wild story from Scott, who recently retired and embraced a long-awaited trip to Maui. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger reflects on the “sweet and sour” nature of retirement and introduces the concept of taking a leap of faith.(01:56) Roger welcomes listeners, previews his conversation with Dr. Jordan Grumet, and invites listeners to the upcoming Noodle Live event.ROCKIN’ RETIREMENT IN THE WILD (04:01) Scott shares a retirement story from Maui, including a chance encounter with Roger’s realtor and reflections on taking the leap into retirement at age 57.PRACTICAL PLANNING SEGMENT WITH DR. JORDON GRUMET (05:47) Roger and Dr. Jordan Grumet discuss why confidence can be one of the biggest challenges in retirement, even for those who have prepared well financially. (13:00) The conversation explores the tension between protecting financial security and fully embracing life’s opportunities.(22:18) ) A discussion on longevity assumptions, retirement planning conservatism, and why many retirees may overestimate the likelihood of running out of money. (27:04) Practical strategies for building spending confidence, including the “fun bucket” approach. (35:24) Additional tactics for creating confidence, including prefunding near-term spending and focusing on purpose rather than optimization. (42:12) How values-driven planning can help retirees intentionally use money to support the life they want to create. (47:49) Key takeaways on abundance, mindset, and taking meaningful action despite uncertainty.SMART SPRINT (49:55) Identify one decision you've been researching, planning, or delaying. Ask yourself whether additional information will truly change the outcome, or if it's time to take a small leap of faith and move forward.DECLUTTERING DEBRIEF (51:06) Roger reflects on listener feedback from the decluttering series and shares a few practical insights and resources from the community. REFERENCES livewithroger.com — Register for Noodle Live on June 18!Submit a Question for RogerSign up for The NoodleDr. Jordan Grumet / Earn & Invest PodcastNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Take the Retirement Leap of Faith with Jordan Grumet

  8. May 27

    Decluttering for Retirement: Your Step-by-Step Plan

    In this episode, retirement expert Roger Whitney and Marie Kondo consultant Dr. Lindsey Hardegree explore the transformative power of decluttering. They discuss how clearing physical and emotional clutter can pave the way for a joyful and intentional retirement. Lindsey shares practical strategies from the Konmari method, focusing on identifying what truly sparks joy and letting go of the rest. This conversation is perfect for anyone looking to simplify their life and embrace a clutter-free future.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN (00:00) Roger previews the episode, announces the June 18 Noodle Live event, and introduces the final installment of the decluttering series. PRACTICAL PLANNING SEGMENT WITH LINDSEY HARDEGREE (03:15) Roger frames retirement as a major life transition and explains how clutter extends beyond possessions into finances, commitments, and relationships.(06:40) Lindsey introduces the KonMari framework and explains why the first step is creating a clear vision for your ideal life before getting rid of anything.(09:14) Lindsey shares common scenarios that prompt people to seek out an organizer.(12:18) Roger and Lindsey discuss practical ways to define what you want your environment and future life to feel like.(15:31) Lindsey explains emotional attachment, sunk costs, and why gratitude can help people let go of possessions tied to previous seasons of life.(18:12) Why decluttering by category—not room—creates better long-term results and why sentimental items should come last.(25:00) Club members discuss challenges involving spouses, differing organizing styles, and when outside help may be more effective than family support.(30:53) Lindsey addresses difficult situations involving aging parents, inherited belongings, and navigating sentimental attachment during life transitions.(33:01) The discussion shifts toward handling deeply personal and sentimental items, including family keepsakes, clothing, photos, and children's memorabilia.(50:41) Lindsey explains why organization systems should fit the person using them and how overly rigid systems can create frustration instead of simplicity.(55:21) Resources and advice for finding professional organizers and deciding when support may be helpful. SMART SPRINT (59:27) Pick one very small category of personal items—pens, office supplies, coffee mugs, hair clips, or something similar—and spend time decluttering only that category. Focus on building momentum and decision-making reps rather than trying to organize everything at once. REFERENCES livewithroger.com — Register for Noodle Live on June 18!Submit a Question for RogerSign up for The NoodleGet Organized Ya'll- Dr. Lindsey E. HardegreeMarie Kondo's Konmari MethodKonmari Certified OrganizersNational Association of Productivity & Organizing Professionals (NAPO)Book: The Life-Changing Magic of Tidying Up by Marie KondoNote: The opinions expressed are for informational purposes only and should not replace personalized advice from licensed professionals.

    Decluttering for Retirement: Your Step-by-Step Plan
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Hosts & Guests

4.6
out of 5
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About

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

Information

  • Creator
    Roger Whitney, CFP®, CIMA®, RMA, CPWA®
  • Years Active
    2014 - 2026
  • Episodes
    658
  • Rating
    Clean
  • Copyright
    © Roger Whitney, 2024
  • Show Website
    Retirement Answer Man

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