Retirement Answer Man


In this enlightening episode, we tackle the often overlooked mental shift required in retirement: transitioning from a saver to a spender. Join us as we revisit a compelling conversation with Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisory Services. We'll explore the psychological barriers many face in letting go of frugality and how to embrace the resources they've accumulated to enhance their lives. Discover practical strategies to gain confidence in spending, overcome the fear of uncertainty, and ultimately, live a fulfilling retirement without the regret of dying with too much money. Tune in for insights that could transform your approach to retirement!

*This episode originally aired March 20, 2024

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
  • [00:30] Overcoming frugality is a major crisis for many in retirement
INTERVIEW WITH DAN CROSBY
  • [01:19] Roger introduces Daniel Crosby.
  • [02:50] How do we overcome frugality?
  • [04:30] There are a lot of behavioral things that change when you leave full-time work.
  • [09:45] How to gain confidence in the midst of uncertainty.
  • [17:22] People are wired to avoid regret.
  • [18:01] What are some basic things people can do to overcome frugality?
  • [22:16] You can't undo 40 years of programming in 4 minutes- experiment with behavior and small commitments.
TODAY’S SMART SPRINT SEGMENT
  • [25:15] In the next seven days, I challenge you to examine your retirement plan and ask yourself- is there something else I should add that’s important to my life?
RESOURCES
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What is Retirement Answer Man?

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