Ep 46: Live Well. Retire Better. : Roger Whitney, The Retirement Answer Man
The Millionaire Choice Podcast
Roger Whitney is the host of the very popular Retirement Answer Man Podcast and author of Rock Retirement. Tony and Roger talk about what Roger’s family finances looked like as he was growing up and how he made the shift into better financial habits for his life. Roger is a believer in living well and retirement better. Planning for retirement is just as much about intentional saving as it is about intentional living. When it comes a time, you'll happily turn in your keys because all the doors you want to open are already unlocked. Roger loves what happens when people shift their mindset from investing in a portfolio to investing in what they love. So much of retirement is a guessing game, but that doesn’t mean no one knows what’s going on. There’s definitely a place for historical data, equations, algorithms, and spreadsheets—as long as they support your life and goals, and not the other way around. The best retirement strategies are grounded in what’s important in your life right now and in the future. They take into consideration if you want to launch a new career in retirement, if you want to sell your house and travel the world, and if the job that's filling your 401k is draining the life out of you. When done well, financial planning isn’t boring or constricting; it’s one of the best tools for building your best life. Roger’s vision gave life to what he calls. Agile Retirement Management®. And it changes everything. To connect with Roger Whitney and learn more about his vision for helping you create a better retirement, visit https://www.rogerwhitney.com/ For a complimentary Life and Money Mentor Session, copy of The Millionaire Choice: Millionaire or Not. You Can Choose. and the Creating Millionaire Families eBook, visit themillionairechoice.com.See omnystudio.com/listener for privacy information.
Roger is the host of the Retirement Answer Man podcast and Roger That! YouTube series where he helps hundreds of clients secure their ideal retirements. He has worked as a CFP for more than 25 years and is passionate about making sure people are prepared for retirement while living their best lives along the way. He authored the book Rock Retirement: A Simple Guide to Help You Take Back Control and Be More Optimistic About the Future, and he is an instructor for the CFP program at The University of Texas Arlington. Roger enjoys spending time with his family, mountain biking, walking his Great Dane and playing board games. Tune in to hear: How to apply “Agile methodology” from software development to the financial services industry How to get people to accept uncertainty when we are hard-wired to hate it If representatives should play a role in clarifying clients' true values, motivations and goals How prioritization can really strengthen a financial plan and the client's ability to stay on track with their financial goals How the average person can make their financial life more resilient to unexpected circumstances One of the biggest retirement mistakes most people make Web - www.rogerwhitney.com
Answers to the Toughest Retirement Questions feat. Roger Whitney
Money! with Stacy Johnson
Imagine turning your life completely upside down. Instead of earning, you're living off savings. If you blow it, there's no do-overs. Instead of a career, you have a new and completely different identity. That's retirement. We're written hundreds of articles about retirement, as well as offering a complete course on the subject, but there's always room to sharpen our skills, including getting ideas from others. In this week's "Money" podcast, we're going to talk retirement with the man behind The Retirement Answer Man podcast. Roger Whitney is an investment and retirement expert who can answer some of the more vexing questions for those approaching their retirement years, like "How will I know I have enough?," and "How can I make the mental transition from working life to retirement?" Sit back, relax and give it a listen! Links: 5 Simple Steps to an Awesome Retirement The Only Retirement Guide You'll Ever Need 7 Mistakes Guaranteed to Ruin Your Retirement The Retirement Answer Man Show Hosts: MoneyTalksNews MirandaMarquit.com Ask us a questionBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.
249 | Carol connects with The Retirement Answer Man Roger Whitney
Brad is back after taking August off of work as his Red X month. Though his original vacation plans were changed because of COVID, he made the best of it. They spent three weeks in Long Island visiting family, enjoying the pool, board games, and a digital detox. While Brad was away relaxing, Jonathan used that time to work on a couple of big passion projects. During the month of August, Jonathan created a podcast course and membership group. He also started a new podcast as a way to demonstrate to the group how you start one. The Talent Stacker podcast uses the content discussed on ChooseFI but then goes even further and fills in the holes to focus on skills, certificate programs, and career paths that don't require the high cost of college. The first episode of Talent Stacker has already been released and this coming Monday's episode will feature Bradley Rice where he and Jonathan discuss a carer path you can start for free with no talent stack, no career, and no experience and after 6 months of training, you can make a minimum of 60-80K with the ability to scale for an even higher income. The Talent Stacker membership program has lifetime guaranteed access where they will work with you to as long as it takes to get you working in that new job earning $60,000. Programs such as the one discussed on next Monday's Talent Stacker episode are becoming more popular with examples like Google's new career certificate program which also takes about 6 months to complete at a fraction of the cost of traditional college. The Vice President of Global Affairs at Google, Kent Walker, stated they consider the certificate to be the equivalent of a four-year degree for related roles. The next Households of FI family featured this week is Carol, sho found FI in 2020. In her mid-50s, Carol claims she is financially illiterate and does not want to end up being a burden to her child. Her goals are to change her deprivation mindset when it comes to money, retire with financial security, and kick her lifelong issues with credit cards. Carol was introduced to financial planner, Roger Whitney, to come up with a financial plan of attack. Since finding FI, Carol has jumped right in reading and listening to as much as she can. In that time, she has cut her debt in half. She believes her first steps should be to pay off debt, start an emergency fund, and begin saving aggressively for retirement. She also knows she needs a mindset shift. Carol struggles with budgets, but she's contributing to her 401(k) for the first time and is only giving herself a small amount of spending money with everything extra going to savings after her bills have been paid. Roger suggests there are two ways to tackle the mindset issue, either toughen up and do it, or set up a system to capture her excess money. Rather than focus on the big hill Carol needs to climb, Roger wants her to focus on what little thing she needs to do next to begin to create momentum. He also suggests that having a community like ChooseFI is great for providing encouragement, assistance, and being a virtual mentor. Carol wants to know which is more important paying off her credit cards or building her emergency fund. Because she's been good about not using her credit cards and they have a high-interest rate, Roger wants her to focus on paying off her cards with every extra dollar she has. Second, Carol should set up a system for how she manages her money. It can be helpful to have income deposited into a savings account we don't see and then transfer spending money to checking accounts at another bank. After paying bills and buying groceries and gas, Carol has about $200 leftover at the end of the month before she receives her commissions from sales. With her commission checks, she would like to save 50-60% of her income. Carol's company offers both a traditional 401(k) and a Roth 401(k), but she is unsure what the differences are. Roger explains with a traditional 401(k) contributions and growth are tax-deferred until withdrawn, while Roth 401(k) contributions are made from post-tax income and grow tax-free. The next two levers Carol needs to focus on are earning as much as she can in commissions which is the most effective way to make the plan work. The next lever is to hang on to the money she is earning. Side hustles are another area Carol is looking at to increase her earnings. She's already published two books and is working on a third, as well as looking for another side hustle. Since she enjoys writing, Roger suggested that Carol could share her journey on her blog and collect readers and be an inspiration. Mentioning that seeing her M1 Finance account grow, Roger thinks it would be useful to set up a system around that kind of excitement for continued encouragement. To watch the video highlights, click on ChooseFI.com/249. RESOURCES MENTIONED IN TODAY'S CONVERSATION Freelance to Freedom by Vincent Pugliese Total Life Freedom Talent Stacker Podcast Google Career Certificates Register for The Simple StartUp Fall Challenge Get your copy of Raising Your Money-Savvy Family for Next Generation Financial Independence by Carol Pittner and Doug Nordman The Retirement Answer Man Podcast Rock Retirement Club Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future by Roger Whitney The Retirement Manifesto M1 Finance Review IF YOU WANT TO SUPPORT CHOOSEFI: Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.
Roger Whitney, CFP®, CIMA®, CPWA®, AIF®, RMA® is the voice behind The Retirement Answer Man podcast, the brains behind his proprietary Agile Retirement Management™ process, and the face of the Roger That! YouTube channel. For over 25 years, Roger has been helping clients, listeners, readers, and do-it-yourselfers live well and retire better with tools, tips, education, and advice.Topics Covered TodayMentioned In This EpisodeBuilding a Story Brand - Don Miller (book)The Retirement Answer Man podcastRoger's Rock Retirement ClubRoger's Website at rogerwhiteney.comCheck out Roger's book Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the FutureFor all of our advertisers see www.growyourcommunityshow.com/resources and don't forget to subscribe in Apple, Google, and Spotify
This week I sat down with fellow CFP® Roger Whitney to discuss planning for retirement, some dos and don’ts and baby steps along the way to set you up for success. Roger Whitney, CFP®, CIMA®, CPWA®, AIF® is a cofounder of WWK Wealth Advisors and host of the award-winning podcast The Retirement Answer Man. He has been a financial planner for over 27 years. Each day he “walks life” with individuals and families, helping them plan for, transition into, and live out their life after a working career. He is a former instructor of retirement planning and employee benefits for the Certified Financial Planner certificate program at the University of Texas at Arlington. He has also taught wealth management at Texas Christian University Extended Education. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: What does retirement mean for you 4 choices that are usually presented to fill the retirement gap Why people avoid planning to be a retiree What a traditional retirement consist of The inspiration people need to take action on long-term planning The question people generally have about retiring Understanding the W.A.M. process of retirement planning How you should view retirement while you’re in the accumulation phase of life The approach you don’t want to take when planning to retire The group that struggles most with figuring out what a life after work looks like The best way to make the transition from full-time worker to retiree Why you need clarity and intension around your money decisions How to utilize 6 month sprints to achieve your money goals Finding the balance of enjoying life now and preparing for life after work Why you should focus on the journey and not just the end game LINKS WE MENTIONED ON THE SHOW The Retirement Answer Man Podcast GET SOCIAL WITH GREG AND LET HIM KNOW YOU HEARD ABOUT HIM HERE Roger's e-mail Roger’s Website Instagram Twitter
The AGILE Financial Planning Process with Roger Whitney
The Advisor Of Tomorrow
For financial advisors, investment management and asset allocation alone are not going to cut it. In order to build a practice for the long term and be an Advisor of Tomorrow, financial advisors are going to need to help their clients develop, implement, and adjust financial plans guiding their journey through life. Roger Whitney, the Retirement Answer Man, shares his AGILE Financial Planning process--this process will help advisors build deeper relationships, better help their clients, and be positioned for the future.
050 Putting your ideal retirement within reach, with Roger Whitney
The Retirement Café Podcast
Roger Whitney believes that planning for retirement is just as much about intentional saving as it is about intentional living. Like me, he believes the best retirement strategies are grounded in what’s important in your life right now and in the future. Roger is an American Certified Financial Planner, author of 'Rock Retirement' - a simple guide offering inspirational advice on how to enjoy the journey to retirement and beyond, and host of The Retirement Answer Man podcast. He joins me on the podcast to chat about his mission of helping people live well today without sacrificing tomorrow. Listen here on episode 050 The Retirement Café Podcast.