💬 Show Notes

In this episode, we explore the essential steps to setting up your retirement paycheck to ensure financial stability and confidence in your retirement years. Join us as we discuss the importance of tracking your cash flow, identifying spending trends, and creating a structured paycheck system that mimics the rhythm of a traditional paycheck. We also dive into listener questions about MYGAs, private equity, and inheritance planning, providing valuable insights to help you navigate your retirement journey.

OUTLINE OF THIS EPISODE OF RETIREMENT ANSWER MAN

• (00:00) This show is dedicated to helping you not go bankrupt in retirement!
• (00:25) Today we'll talk about how to set up your paycheck ahead of retirement
• (01:16) Sign up for my weekly newsletter- The Noodle.
• (01:44) In retirement, you lose the natural pulse of income coming into your checking account so it is important to have a system setup.
• (03:05) What is the intent in setting up a paycheck in retirement?
• (07:35) Roger talks about a default paycheck structure and how to set it up.
• (12:30) What should you do about extraordinary expenditures?
• (13:14) How should you have your pretax account set up for a retirement paycheck?
• (17:45) Setting up a retirement paycheck helps identify trends in spending or saving.
• (19:22) There will be an explainer video exclusive in our weekly newsletter- The Noodle

LISTENER QUESTIONS

• (20:00) I got an email from Bill, a demographer, giving me more insight about the question- “how long should we plan to live?”
• (24:00) Adam sent in a question about MYGAs- Multi-Year Guaranteed Annuities.
• (28:43) John sends feedback on our private equity episode.
• (30:32) David asks how to factor a substantial inheritance into his retirement plan.

SMART SPRINT

• (39:35) In the next seven days, look at your payroll system and how you construct it.

BONUS

• (40:25) Roger reads an excerpt from his grandfather’s WWII journal.

REFERENCES

• 
  Retirement Answer Man
• Sign up for The Noodle (previously known as Six Shot Saturday)
• The Retirement Answer Man Free Worksheet Library
  
  

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💬 Show Notes

In this episode, Roger Whitney tackles the critical question of life expectancy in retirement planning. With statistics from the CDC, he guides listeners through the complexities of determining how long they should plan for their retirement. Roger addresses the cognitive bias known as the "curse of knowledge," providing clarity on how to approach life expectancy assumptions. He also shares insights on the importance of using personalized data rather than general averages, and discusses practical tools for assessing longevity. Tune in for valuable advice that can help you plan confidently for your future!

OUTLINE OF THIS EPISODE OF RETIREMENT ANSWER MAN

• (00:00) What life expectancy should you use in your retirement plan?
• (00:39) We have a change happening to our Six Shot Saturday email.
• (02:18) Roger discusses the concept of ‘The Curse of Knowledge.’
• (03:38) Listener, D.S., sends in a question about life expectancy in retirement.
• (05:58) Roger discusses how to interpret the data from the Social Security Administration life expectancy calculator.
• (9:30) Roger uses age 92 for a male and 94 for a female for a base assumption in retirement planning.

LISTENER QUESTIONS

• (11:26) Thrift savings plans will allow Roth conversion starting in 2026.
• (12:13) Karen asks about the pie-cake and the purpose of a 6 month emergency fund.
• (15:35) Karen asks a second question about suggestions for saving vehicles that are not US treasury bonds.
• (17:27) Evan asks “How does a pension figure into a net worth statement?”
• (22:00) Gene asks how to look at the total allocation of your retirement portfolio.
• (25:00) Roger reads feedback from listener Scott about last week’s episode.

ROCKING RETIREMENT IN THE WILD

• (27:01) Scott has been helping federal employees think through their retirement plans.

SMART SPRINT

• (30:42) In the next seven days, revisit the age you are going to use in your retirement plan.

BONUS

• (31:12) Roger reads an entry from his grandfather’s WWII journal.

REFERENCES

• Retirement Answer Man
• Sign up for The Noodle (previously known as Six Shot Saturday)
• The Retirement Answer Man Free Worksheet Library
• Social Security Life Expectancy Calculator
• The Retirement Researcher
  
  

Show notes created by https://headliner.app

In this episode, we tackle the complexities surrounding private equity in retirement portfolios. Join Roger as he navigates a listener's inquiry about the necessity and implications of investing in private equity, especially in light of recent discussions and literature on the topic. With insights from investment expert Peter Lazaroff, we explore the pros and cons, the importance of having a solid retirement plan, and whether private equity is truly a beneficial addition to your portfolio. Tune in to gain clarity and confidence in your retirement investment strategy!

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

• (00:00) Complexity is your enemy. Any fool can make something complicated. It is hard to keep things simple.-Richard Branson
• (00:38) Today’s episode is about private equity.
• (01:33) Roger reads an email from listener Dave with a question about investing in private equity.
• (02:28) Roger says that this episode features his opinion and judgment on private equity.
• (06:45) Don't think about private equity until you have a vision for what you want your retirement to look like.
• (10:20) Consider the second order consequence of making an investment.
• (12:00) Unless you are significantly overfunded and have an interest in private equity- Roger thinks private equity is unnecessary for creating a great life.

INTERVIEW WITH PETER LAZAROFF

• (14:10) Introduction of Peter Lazaroff, author of Making Money Simple
• (16:39) What is private equity?
• (17:38) Who is traditionally invested in private equity?
• (26:12) When markets are under stress, private equity correlations go a lot higher.
• (27:49) What is the normal fee structure for investing in private equity?
• (31:15) What you're seeing more often these days are semi-liquid funds that offer liquidity windows.
• (34:30) There is no evidence to suggest that fewer companies going public is causing an issue.
• (40:15) We can’t predict when a bad decade of returns is going to come.
• (41:35) Peter: I am more concerned about implementing a bad idea than missing out on a good one.

SMART SPRINT

• (42:39) In the next seven days, take a moment and remind yourself of the purpose of retirement planning which is to create a great life.

BONUS

• (43:20) Roger reads an excerpt from his grandfather's WWII journal.

REFERENCES

• Tony Robbins
• Peter Lazaroff
• Wall Street Journal
• Book- Making Money Simple
• Retirement Answer Man
• The Retirement Answer Man Free Worksheet Library
• Sign up for 6-Shot Saturday!

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