Retirement Answer Man

If you are married, chances are you or your spouse will have to suffer through widowhood. The Widowed in Retirement series aims to help you navigate this difficult transition as best you can. Today, Mark Trautman joins me again to discuss how to work...

Show Notes

If you are married, chances are you or your spouse will have to suffer through widowhood. The Widowed in Retirement series aims to help you navigate this difficult transition as best you can. Today, Mark Trautman joins me again to discuss how to work through the huge financial changes that result from losing a spouse. 
There are myriad financial considerations to be aware of during this change, so this may be an episode that you want to bookmark to refer back to later or send to a friend in need. Press play to listen. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT 
  • [3:26] A common myth of widowhood
  • [5:11] What changes occur when you go from two to one
  • [9:27] Expenses don’t change
  • [16:44] Creating a new financial plan
  • [20:20] Tax planning
  • [25:25] Social Security benefits
LISTENER QUESTIONS 
  • [36:55] A 59 ½ IRA withdrawal rule question
  • [38:52] How to calculate the 5-year rule for a Roth IRA
  • [40:27] How to handle the cash bucket in a down market 
  • [45:03] Healthcare before Medicare
BRING IT ON WITH MARK ROSS 
  • [49:11] What is passion?
  • [51:23] How to explore your passions
  • [55:15] Building boundaries around your passions so they don’t become work
TODAY’S SMART SPRINT SEGMENT 
  • [58:45] Put dabble on your calendar
Resources Mentioned In This Episode
BOOK - After the Death of Your Spouse by Mike Piper
BOOK - Taking Stock by Jordan Grumet
BOOK - AARP Checklist for My Family by Sally Balche Hurme
BOOK - So Good They Can’t Ignore You by Cal Newport
BOOK - How to Think Like Leonardo Da Vinci by Michael Gelb
Everplans
Episode 477 - Navigating Life Changes
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center
 

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