Welcome to another insightful episode where we kick off a month-long series on improving your decision-making abilities. This week, we delve into the concept of inversion, a powerful mental model that can significantly enhance your retirement planning. Learn how to avoid common unforced errors and make better decisions to ensure a successful retirement. Plus, get answers to listener questions about HSAs, security issues, and investment strategies. Don't miss this episode packed with practical advice and useful tips!

PRACTICAL PLANNING SEGEMENT

(00:30) This week starts a month-long series on improving your decision-making abilities

(04:38) First mental model- Inversion

(10:30) Inversion in investing

(12:20) Combining inversion with the vision pillar to determine what you want your life to be

(15:00) Using things you don’t want to help build goals of what you DO want

(15:54) Inversion with energy pillar. What do I need to AVOID to get more energy?

LISTENER QUESTIONS

(17:55) Jay asks about HSA and transferring funds

(21:55) Questions from Connie about password website, onepassword.com, and about securing social security account.

(24:55) Question about financial advisors and dimensional funds

(30:12) Linda asks about asset allocation and optimization.

BRING IT ON SEGMENT

(33:33) Kevin Lyles comes on to talk about identity

(37:15) Identity after retirement and losing your work identity

(43:07) Identify what you got from your career identity-wise that you want to continue in retirement

SMART SPRINT

(52:55) In the next 7 days when faced with a decision, think about inverting the question.

RESOURCES

Rock Retirement Club
https://rockretirementclub.com

Six Shot Saturday
https://sixshotsaturday.com

Roger Whitney
https://rogerwhitney.com

Vanguard
https://vanguard.com

Charles Ellis, Winning the Loser's Game
https://www.amazon.com/Winning-Losers-Game-Strategy-Investing/dp/1264257697

Bronnie Ware, The Top Five Regrets of the Dying
https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/140194065X

One Password
https://1password.com

LastPass
https://lastpass.com

Login.gov
https://login.gov

ID.me
https://id.me

Dimensional Fund Advisors
https://us.dimensional.com

Avantis Investors
https://www.avantisinvestors.com

In this episode of the Retirement Answer Man, Roger Whitney wraps up his series on the eight pillars of a great retirement plan by diving into the last two non-financial pillars: passion and relationships. Discover how your hobbies, curiosities, and social connections can significantly impact your retirement happiness. Roger also shares personal stories and practical tips on maintaining energy, fostering a growth mindset, and building a fulfilling post-retirement life. Tune in for insights and strategies to help you rock your retirement!

PRACTICAL PLANNING SEGMENT

(00:26) Eight pillars are needed as a foundation for having a great retirement plan

(02:50) Importance of showing up and doing the work

(04:12) Having projects is a core component of living an enriching, full life

(04:49) Passion is our next nonfinancial pillar, find projects you’re passionate about

(07:19) What are the obstacles to pursuing passion and projects outside of retirement

(08:50) Roger’s personal anecdote about digital obstacles

(10:30) Plan for developing passions

(11:52) Last of the four non-financial pillars is relationships

(15:17) What are the obstacles of building relationships?

LISTENER QUESTIONS

(18:50) Mark asks about spousal IRA

(20:09) Question from Beth: Should I keep 401k or roll over to an individual IRA?

(24:28) Fund choices can be a determinant of your 401K success

(27:07) Simplification and consolidating your assets into an IRA

(30:21) Listener feedback on losing a spouse

(34:50) It only takes one account or property to force probate

SMART SPRINT

(37:20) Identify one thing that you are curious about and pull that thread

This week, we continue our journey through the eight pillars of rocking retirement, shifting our focus to the non-financial realm. We delve into the first two non-financial pillars: Energy and Mindset. These pillars are crucial for showing up fully in life and maintaining a growth-oriented perspective. We'll explore how to overcome obstacles like stress, injuries, bad habits, and the impacts of aging, and discuss actionable plans to boost your energy and cultivate a growth mindset. Additionally, we’ll answer your pressing questions about Roth IRA contributions, tax planning, Social Security spousal benefits, and CD investments. Join us as we build a holistic retirement plan that goes beyond finances to truly rock your retirement!

PRACTICAL PLANNING SEGMENT

[00:33] Focus on the non-financial aspects of your retirement planning

[01:35] Sign up for Six Shot Saturday

[03:20] The first pillar that we want to talk about is energy

[04:15] Obstacles that we face in having energy in our life

[06:05] Plan when it comes to energy

[08:43] Pillar number two is mindset

[09:53] Obstacles to maintaining and growing a growth mindset

[12:45] What is your plan for a growth mindset?

[14:17] Reflecting on my father-in-law’s mindset

LISTENER QUESTIONS

[16:56] Roger answers your questions on how to rock retirement

[17:35] Beth: audio question about Roth contributions

[20:30] Jim talks about managing taxes in retirement

[24:38] Our next question comes from Patrick on Social Security spousal benefits

[27:12] Daniel: I was wondering what your thoughts were on CD investments

BRING IT ON SEGMENT

[31:14] Mark Ross talks about mindset

[33:30] I changed my self-talk and it changed the outcome

[37:18] Tools to change to an abundance mindset

SMART SPRINT

[38:55] When you find yourself saying “I can’t,” add the word yet. “I can’t do that YET.”

RESOURCES

Agile Retirement Management

https://www.agileretirementmanagement.com

Rock Retirement Club
https://www.rockretirementclub.com

Six Shot Saturday
https://www.sixshotsaturday.com

Younger Next Year
[https://www.youngernextyear.com

Limitless Mind by Jo Boaler

https://www.amazon.com/Limitless-Mind-Learn-Lead-Live/dp/0062851748

Spartan Race
https://www.spartan.com