đź’¬ Show Notes
In this episode, Roger Whitney dives into the essential elements of not just surviving, but thriving in retirement. We kick off with a listener's story about the challenges of early retirement and the important questions that arise during this transition. Then, we shift gears to a practical planning segment on how to rebalance your retirement portfolio as life and market conditions change. Lastly, we hear from Karen and Shannon, two adventurous retired women, as they share their inspiring experiences traveling internationally and building confidence in their new lifestyles. Tune in for insights that can help you rock your retirement!
SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
- (00:00) This show is dedicated to helping you rock retirement.
- (00:54) Next week on the show we are going to talk about how to quality check your retirement plan.
ROCKIN’ RETIREMENT IN THE WILD
- (01:34) A listener sent in an email about her retirement experience.
PRACTICAL PLANNING SEGMENT
- (04:50) In the practical planning segment, Roger reviews how to rebalance your portfolio in retirement.
- (06:30) What is rebalancing, and why does it matter in retirement?
- (08:30) How often should you rebalance your portfolio?
- (09:20) Step 1: Review your actual spending compared to your plan of record.
- (11:03) Step 2: Adjust or update your projected spending for the year ahead.
- (13:30) Step 3: Refresh your income estimates and update asset values.
- (15:19) Step 4: Run a feasibility check—use Monte Carlo simulations or your household balance sheet.
- (16:01) Step 5: Test your plan’s resilience and update your allocation strategy.
- (18:45) Step 6: Consider your contingency fund—how much cushion do you need, and how will you refill your 5-year income floor?
INTERVIEW WITH SHANNON AND KAREN ABOUT TRAVELING IN RETIREMENT
- (22:51) Roger talks with Shannon and Karen about traveling internationally in retirement as single women.
- (31:10) You had several hurdles to overcome.
- (33:13) Karen says she likes traveling with a group and hiring individual guides.
- (37:05) Newer tours are much more curated and intimate than they used to be.
- (42:25) What advice would you give to someone who is single and nervous about traveling internationally alone?
SMART SPRINT
- (47:34) ​In ​the ​next ​seven ​days,​ schedule an hour to an hour and a half during the third quarter of the year for a “retirement rebalancing meeting,” clearly outlining your plan on your calendar so you can prepare and follow through effortlessly.
BONUS
- (48:30) Roger reads from his grandfather’s WWII journal.
REFERENCES
TRAVEL WEBSITES
FOLLOW US ON SOCIALS
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.