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
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00:30) This week starts a month-long series on improving your decision-making abilities
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04:38) First mental model- Inversion
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10:30) Inversion in investing
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12:20) Combining inversion with the vision pillar to determine what you want your life to be
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15:00) Using things you don’t want to help build goals of what you DO want
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15:54) Inversion with energy pillar. What do I need to AVOID to get more energy?
LISTENER QUESTIONS
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17:55) Jay asks about HSA and transferring funds
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21:55) Questions from Connie about password website, onepassword.com, and about securing social security account.
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24:55) Question about financial advisors and Dimensional Funds
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30:12) Linda asks about asset allocation and optimization.
BRING IT ON SEGMENT
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33:33) Kevin Lyles comes on to talk about identity
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37:15) Identity after retirement and losing your work identity
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43:07) Identify what you got from your career identity-wise that you want to continue in retirement
SMART SPRINT
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