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Episode #593 - Process Over Panic - What You Should Pay Attention Too
“Plans are useless, but planning is essential.”
-Dwight D. Eisenhower.
Roger: Welcome to the show. Dedicated to helping you not just survive retirement, but to have the confidence to lean in and rock it because you're focused on the right things.
Today we are finishing up this series on, process over panic. It really is more of a series on processes, focusing on the controllables. Today we're going to talk about what deserves your attention.
Now, doing this, I'm going to do this verbally and talk through what deserves your attention in your retirement planning process, but on June 5th, we're going to have a live meetup online where I'll be able to work through and show you a process that we use anyway that we think makes sense for retirement planning. And visuals always help. So, if you would like to attend that or get the replay, you can go to livewithroger.com and join us on June 5th. Now, if you can't attend still, and you want to see it still, register and we'll send you the replay.
In addition to that, we're going to invite you to join the Rock Retirement Club, where I teach you step by step how to create your plan, and I give you all the tools to do so and a lot of support from the community. So, you can check that out. livewithroger.com so today we're going to go through rocking retirement in the wild. Then we're going to talk about what deserves your attention, and then we're going to answer some of your questions. I think that's a good plan.
ROCKIN’ RETIREMENT IN THE WILD
So, let's get started.
A few weeks ago, I got an email from a client whose spouse was retiring and she was throwing a retirement party. She had these cards, even though we couldn't attend in person because they live across the country as clients. But she asked me if I would fill them out, if I'd reply and answer the questions, she would fill it out so she could share them with her husband. The cards had some prompts that were meant to be a retirement wish to this person. I'm going to go through the prompts and what I wished this person.
Prompt number one was “explore”. I said do lots of exploring, not just places, explore ideas, interests and curiosities.
The second was “travel”. I said travel to a small town somewhere new and see the world from their perspective.
Third, “try”. I said try something you can't imagine doing, especially if your wife wants it or wants to.
The fourth, “learn”. I said learn anything you can. The more uncomfortable, the better.
The next prompt was “enjoy”. I said enjoy the peacefulness of the morning just as the sun is rising. It is magical.
Next prompt was “remember”. I said, remember that you have a responsibility to make the world a bit better.
The last prompt was “I hope you..”. I said, reflect back on life without regret. I'm excited for Roger, that's his name, to read this. I don't know where you are in your retirement journey, but this is my retirement wish to you as well.
PRACTICAL PLANNING SEGMENT
As we begin this, what should you pay attention to? I want to go back to that quote from Dwight D. Eisenhower. Plans are useless, but planning is indispensable. Did he really say that? I've had a listener email me from time to time saying, hey, Roger, you should do a little bit more research on your quotes. A lot of what we think people said they actually didn't say, which I totally get is true. I did. I went to quote investigator and I'm relying on their investigation as to whether Dwight D. Eisenhower actually said this. They said it actually came from a speech and they had an excerpt from the speech. I'll read that quote that they shared from Dwight D. Eisenhower.
” I tell this story to illustrate the truth of a statement I heard long ago in the Army. Plans are worthless, but planning is everything. There is a great distinction, because when you are planning for an emergency, you must start with this one thing. The very definition of emergency is that it is unexpected. Therefore, it is not going to happen the way that you are planning.”
That's the context from quote, investigator of the quote that I shared at the beginning of the show.
Now let's move this to retirement planning. When you are doing retirement planning, you are planning for the future. So, you're planning for something that's totally unpredictable. Not only that, before you retiring, you are planning with zero experience of what that journey might look like. You've never retired before. I mean, if you've been retired five years, it gets a little bit easier because you have been in it at least. But a plan is simply a map of the future based on your work and your map is going to be wrong always. So, the plan is not the most important thing.
The most important thing, in my opinion, is the process in which you do the planning. The plan is an outcome of decisions that you have made at this point in time. So, it should be held very lightly in that sense, because it's wrong. Whether it's emergencies or life, things are just going to change, obviously in your life. You're going to have spending shocks. You're just going to have a change in preferences, especially from pre-retirement to retiring, because you're just guessing. You're going to have change in family structures, obviously, you're going to have inflation. That's going to be different, markets are going to be different, inflation, and so on and so on and so on and so on. So, this map of the future is important, but it's not the main thing. That's why I say don't necessarily follow your plan, follow your process. It is a little bit of semantics, but I think it's important.
Now let's move to retirement planning. What deserves your attention? To answer this, I want to give you my perspective on this. What is retirement planning?
It is not an intellectual challenge to achieve the best or the most optimized plan. That's not the point of retirement planning. It is not meant to figure out the rest of your life. That's not the point of retirement planning. Retirement planning, from my perspective, in my opinion, is a means to an end, not a new job.
When you leave your job, your new job is not to be a retirement planner, even if it's for yourself. It is a process that you need to do, but it needs to be somewhat compartmentalized from your life. When you put your retirement planner hat on for yourself, it should be compartmentalized. Then you take it off and you go create a great life, right? Just like, when you go to a doctor, you have your normal checkups and your protocols that you do. You put on your patient hat, you go to the doctor, you follow the process, you poke around for risks and opportunities to improve your health, figure out a few things you can take action on. And then you take your hat off and you go have fun. You don't want to be thinking about medical stuff all day long. So that is what my perspective is. I think it's important to understand that decision shouldn't be your second job or your new job.
With that said, what is the intent of retirement planning? What's the intent? In my mind, the intent of retirement planning is to have a plan of record that gives you confidence to live your life now without feeling like you're sacrificing your future. A plan, a map, gives you confidence so you can like, okay, I can go do these cool things now. I feel cool that I'm going to be all right when I'm 85 because I've done the work and I have enough clarity that I don't have to sacrifice. Now I can do these things with confidence. That's the intent. The intent of planning is to provide a structure to take life changes. Those are internal changes. I'm divorced, I'm married, I have grandkids, whatever, and external changes, markets, world, blah, blah, blah, and make decisions in an organized way so we can adjust as reality unfolds. That is the intent. It's so easy to lose why we're doing this in the first place and so you can create a great life next.
What are the obstacles to achieving this intent? This is important to know when you're thinking about what to pay attention to. Well, one obstacle is the amount of information and opinions that you are exposed to. This is endless. It's an avalanche of everybody has an opinion and there's so much information that's real time. It's not knowledge, it's just information that just clutters things. So, when you're trying to do planning, it's very easy to get overwhelmed by all the information and opinions to lose your way, lose your intent. I'm going to give you a hint. Virtually all of it is useless to the process. But that's obstacle number one.
Obstacle number two is things outside of retirement planning. Market commentary and data, economic commentary and data, political commentary and data. All of these things rarely, rarely, rarely, deserve your attention when it comes to retirement planning. The process deserves your attention when you have a different hat on, but not to retirement planning.
The next obstacle is this focus on finding the right way to retire and the right optimization strategy that might save me $10 fifteen years from now, a la Roth conversion, if everything goes right. These are obstacles to retirement planning, given the intent that I've established.
The last obstacle I'm going to talk about is generally we're really doing a lot of serious retirement planning within five years of retirement and within maybe five years after retirement. That makes sense, doesn't it? Because prior to retirement, we're anxious about the transition. I'm losing my income, I'm losing my office, my purpose, my identity. What am I going to do all day? All these things are going on, some of them known, some of them sort of in the subconscious that they raise our anxiety. When we're in that phase, it's also very new. We don't know what we don't know. There's a lot of unknown unknowns, as they say. So, we're really diving into this. You start listening to geeky podcasts like mine, or reading blogs or buying books, et cetera. We're hyper focused on this because we're trying to learn a new domain because it's something we haven't done. You know, here is a bad analogy, right now I'm trying to learn how to fly fish and I've actually caught fish, but I'm lost otherwise. How do I tie my knots? What is a nymph? I don't even know the different names of flies. So, I'm going to YouTube and I'm talking to people at the fly fish store. I'm like hyper aware to all this because I'm trying to figure it out. That can be an obstacle. The last part of that last obstacle is when we're in that hyper focused phase, we're struggling for confidence to retire or to spend like we want to spend or whatever. We're looking for certainty. We're a little worried about it, we're a little intimidated about it. So yeah, I need certainty. Why can't my Monte Carlo be at a hundred percent confidence, not 99? Let me get that confidence up higher and higher and higher because I need certainty. And that makes us susceptible to all of the people out there that tell you they have a way of getting you certainty and it's a false promise. These are obstacles to our intent. Remember our intent. A plan that gives us confidence to live a life now in feeling we're not sacrificing the future and providing us with the structure to adjust as life unfolds. That's our intent. These are all obstacles.
So, you may be thinking, Roger, how the heck can you say that, not pay attention to the markets or most of the information? Here's how I feel confident saying that. I've done this for 35 years. I haven't written about it, haven't talked about it. I've done it with countless individuals and couples walking this journey. And I've tried to be intentional about honing my craft to pay attention. I've made all the mistakes and miscues and over analyze it. So, this is my judgment. I'm farther along the mastery journey than you. I'm trying to convey that, yeah, all the things I thought were important were not in the end if we're really trying to create a great life. So just, this is my judgment from that perspective. Take it or leave it.
Okay, so what should we pay attention to then, Roger? I get the intent. What should we pay attention to?
Well, that is what the four pillars are of building a retirement plan of record. We're building a map that we're going to continue to adjust as life unfolds. And that map needs to include, number one, a vision. Who am I and what means a great life for me? What does rocking retirement even mean for me? So, we need to know that we need to turn that into goals.
First goal is what do I need to live my base great life? What is the minimum spending I need to have to have a really good life? We need to know that that is what we need to determine and spend our attention on. Within goals, what are the discretionary things that are going to add more spice to life? Those hobbies that travel, that gifting, whatever it is we need to determine to decide for the plan of record what our judgment is on those at this moment and then what our aspirational wishes are. So that's number one, we need to know what our vision is to complete that part of the plan of record.
Number two is we need to know if this is feasible given the resources we have. So, we need to pay attention to the income that we have from Social Security, pensions or part time work or what have you and have some clarity on those. We need to have clarity on what our financial resources are, our investment assets, et cetera, what income we might have or inflows we might have from the sale of a house or an inheritance or whatever and when those things might happen on our best judgment. We need to assess from a long term perspective, is this feasible? All my goals, are they feasible? Given the time frame and the constraints that we have, that is something we need to pay attention to.
Third, we need to pay attention to the resiliency of our plan. We need to stress test our feasible plan against possible outcomes. Somebody dies early, a long term care event, a big market downturn and assessment, what is the impact to the feasibility of our plan if these things happen? To get an idea of the severity of any of these events. Then when we've identified that, we either realize, oh, with minor adjustments I should be able to navigate this or this HM one is pretty severe. If one of us dies early and we lose that pension and that Social Security, that's a bigger one. So, I need to figure out how I'm going to manage that risk. And there are tools for that. Long term care is another good example. We need to stress test all those things to see and make me address risks that are very big. Then in the resiliency pillar we need to map out and build a portfolio that will at minimum have clarity of how we're going to create our paycheck within the first five years as a default prefunded using assets. This is how we are going to fund our paycheck in years 1, 2, 3, 4, 5 and have that money not at risk and then manage inflation on the far end. That needs to be decided in your plan of record. Once those three things are done, then you can maybe start thinking about optimization, but not until then.
Those are the things that we need to pay attention to now. When you build this map, this retirement plan of record, those decisions are going to degrade over time and become less relevant to who you are because you are always changing as the world is always changing. Each one of those decisions is going to degrade at a different pace. An example might be, well, Shauna and I, this October, will be married 35 years. I told her I loved her on our wedding day, and obviously I pledged my life to her. So that's a pretty significant thing. Is that enough for marriage? No, because that feeling that she felt by me pledging my life and telling her I love her, although she intellectually is aware of it, it will degrade over time. I have to continually show up and demonstrate my love and tell her I love her. Some of us need that every day. Some of us need that every week. Some of us need that in different ways. That's unique to each one of us. But those decisions degrade over time. So, then the next question from a process standpoint of, how often should I revisit each one of these decisions? If we think of it like a, you know, it's not included here, but like an estate plan, when we decide an estate plan, those are decisions that ultimately, you know, an estate plan of record that degrade relatively slowly, right. Maybe every couple of years. You need to put your eyes on it just to confirm that your choices are still relevant. Unless you have a life event, those are slower ones. What I'm going to eat for breakfast is going to deteriorate very quickly because you have got to do it every day. Right? So, you get the. Hopefully you get the idea.
So, let's go back through those four pillars of things you need to pay attention to and just talk through. Well, how often should we revisit them? This is what we're going to do in the online event. I'll have a mind map and I'm going to walk through the major decisions and how often we should revisit them. This is our standard of care that we work through.
Let's go back to vision. How often should we review our vision? Well, values, those don't change Much. Maybe put eyes on them once a year, your base great life, that base spending amount, that should be relatively stable. So that's probably once per year to see if you're spending over or above what you thought. What about the discretionary wants? I have got to buy that boat. I want to buy that bike. I want to give that money. I want to travel. Maybe those are every six months, just to keep building up the horizon because our preferences can change. So maybe those are every six months.
What about feasibility? Is my plan feasible? Well, that might be annually or when we change our goals. What could impact feasibility? Well, if we change our spending goals, we would have to redo feasibility. So that's a trigger. If I change my goals, my base great life, or my wants and wishes, then I have to redo feasibility. Because it's all new now. But absent those changes, maybe annually, because the markets are going to go up and down, inflation is going to go up and down, et cetera. But more than annually, typically it is not necessary unless you have some dramatic thing happen, like in 2008. But it would have to be pretty dramatic because you've already tested for those risks. So maybe annually on feasibility, what about resilience testing against those? You know, someone dies early, bad market. You can strategize how you might respond. Probably annually, map out how you're going to pay for the next five years, unless you change your goals, because now you have to redo the whole thing, but you already have it structured, so it's very easy to do. But resiliency is probably annually. What about optimization? I actually make the argument from what to pay attention to is if you have a vision that you're tending to, and you're tending to the feasibility and tending to the resilience of the plan, you can actually, if you chose, totally ignore optimization. Sure, you might leave some money on the table, maybe some opportunities, but you could totally ignore it and still have a great life. But there are opportunities to be had in optimization. Biannually is twice a year. Right? Twice a year, every six months, poke at your plan for risks and opportunities just to see if there might be some easy pickings to improve your plan. A good example of that would be, you know, let's say it's July. Oh, I'm not really going to have much income this year. So, I could fill. I could take some money from my IRA and only pay 12% on that income because I'm within that bracket. That seems like a good rate. So let me take some money out of my IRA so that will help me reduce my required minimum distributions. That's an example of an opportunity. So, you want to poke around that in a structured way every six months just to see if you can improve things if you choose to.
Now, what about a risk? What kind of optimization risk could you poke around at? Well, just recently in the first quarter at least, we had a real life example of stress related to markets in the world. So maybe we said, I like to have money positioned for growth, so I'll build my five year income floor and we'll let the rest be growth to battle inflation. So, we created a map with that assumption. But that map was created when we've had 10 plus years of great markets and then we go into 20, 25, the first quarter especially, and market wise we get hit in the face a little bit and we get hit in the face a little bit, you know, with the political uncertainty or whatever, and we realize, oh, wait a second, in theory I thought this was cool, but I don't feel that great right now. Maybe I reassess. Maybe there's an opportunity to improve the resiliency of my plan so I can have more comfort. That might cause you to build out a longer income floor and make it eight years rather than five years. I've done this here in the last six months, or perhaps it's you take some money and you buy a more safety first approach and you consider guaranteed income with annuity, realizing that in theory on the map you thought you wanted this ride, but when you actually went on the ride, you realized that's not worth it. That is, you know, a just life example is I like roller coasters. I've always liked roller coasters. I grew up going to Cedar Point every year, driving down for the weekend. As I've gotten older, whenever I get on a roller coaster and I'm on it, I realize I don't like it anymore. Sometimes I forget that until I get on it. I'm like, oh no, this is, I'm getting queasy, I'm going to gray out here. Life happens. That's one problem with plans is that the basis is all theoretical. It may or may not happen. We want to poke around and look at these kinds of risks. We'll go through this in the live event on June 5th and you can sign up for that if you want it.
Now we've compartmentalized the process of what we should focus on. And if you notice, none of this is focused on economic policy. Where the economy is, where the markets are, where what's going on in the news. None of it is focused on that. We're focused on who you are and what you want, the resources you have in mapping out a feasible plan, making it resilient by building out your cash flow plan, and then optimizing by looking for risks and opportunities within your specific plan. Nothing that's going on in the world should influence what your plan is. This is what you should focus on if you want to have confidence to live your life and feel like you have your hands on the wheel so you're not as worried about what the future might look like for you. This is a process that will provide structure so when your preferences change, your assets go down because of whatever's going on in the world. You can process in an organized way. Am I okay? What little adjustments do I need to make so I can navigate whatever storm might come? This is what I've gotten to after 35 years of doing this. I don't know a better way. This is what I would suggest you focus on if you want the intent of compartmentalizing your retirement planning so you can have confidence to go create a great life again.
We'll go over this on June 5th live, so you can sign up for that livewithroger.com.
With that said, let's get to your questions.
LISTENER QUESTIONS
If you have a question for the show, go to roger.me and you can type in your question or leave an audio question and we'll do our best to help you take a baby step.
JOHN DIDN’T LIKE THAT ROGER SAID NOT TO FOLLOW YOUR RETIREMENT PLAN IN A RECENT EPISODE
Our first question actually comes from John related to plans.
He said,
“I was listening to the April 30th podcast about process over panic. This is probably semantics, but I really didn't like how you said many times to not follow your retirement plan. When you create a plan, you try to anticipate what might happen, to decide ahead of time what you might do.”
That's true, John.
He goes on,
“That way you can make the decisions when the emotions are not overwhelming and market volatility is normal. A good plan should give some guidance on how to handle it. If there is something that someone is worried about, then that should be covered in the plan.”
I think you're right, John. I think this is about semantics. When I say don't follow the plan, what I have observed is, and this is how retirement planning came about, you would get this big financial plan that would have it all mapped out and then come see me in a year. So, the plan was like this. No, you stick to this without an overriding process to refresh the plan in a more dynamic way. The plan is current version of your map of the future. The process is what we need to stick to. Heck or high water. The process, process, process. That's what we need to stick to. So maybe I get it is a little bit semantics. Hopefully you got the sense in our discussion earlier that it is about sticking to a process that's thought out beforehand. So, you can just show up, iterate on the plan and then go about and update the plan and go about. I think it is semantics, John, but I appreciate your feedback.
STEVE HAS A QUESTION ABOUT ASSET ALLOCATION
Next question is from Steve thinking about his asset allocation.
“I am in the process of rebalancing our portfolio as we walk into retirement and decumulation. The goal allocation is 65% in stocks, 35% in bonds. We are close with about 31% in combinations of cash CDs and bond ETFs. My question has to do with the 65%.
Currently we have 40% in equities and another 29% in a dividend fund. How do I treat the dividend fund in the equity allocation? I know it's made up primarily of equities, but would I consider that as part of my bond portfolio, the 35% or do I use it all as equities?”
That's a good question, Steve. So, this is optimization in your implementation. I looked up the fund that you shared. I think it's SCHD and if you go to Morningstar and type in the symbol of the fund, it will tell you what it is. When I looked at it, it is an equity dividend fund. The fact that it is a dividend fund, it builds a portfolio of stocks within it and it would be large cap value. If you look at the Morningstar category, that would be part of your 65% in equities. So that's how I would do that. and Steve says,
“Hey, I found your podcast five years ago when I began planning for retirement. I'm six weeks away.”
Congratulations buddy.
“From closing out my life of full employment. I will take a part time job position in planned giving at my alma mater, I feel financially and emotionally and strategically ready for this phase.”
Yes, Steve, Please refer to the retirement wish. I wish that for you too, buddy.
STEVEN ASKS WHAT CERTIFICATIONS HE SHOULD LOOK FOR IN AN ADVISOR OR COACH
Our next question comes from a different Steven, in this case, not Steve.
“I’m planning to retire in about six months and would like to pay someone to coach me through that process but don't want to engage someone for ongoing management of my assets. Which retirement certification should I be looking for in an advisor?”
Well, you have to decide here Steven. Are you looking for an advisor to coach you on the money aspect of it or are you looking for more, more holistic non-financial coaching? If it is non-financial coaching, I suggest that you pick up the book called The Retirement Shared Wisdom from top Retirement Coaches that's published by the Retirement Coaches Association. Kevin Lyles, a retirement coach in the Rock Retirement Club who is active in that organization has a chapter but each chapter is written by a different retirement coach which is very different than an advisor. There's not a fiduciary obligation. Generally, it's less on the financial end of it, although they do touch that area. That would be a great first step to finding a retirement coach. When you find somebody in the advisor end of it, you're not going to really find a coach. You're going to find an advisor that may work on a scope of work project, a la building a retirement plan of record and perhaps we'll touch on the non-financial aspects but they're more going to help you make decisions on building the plan. Now there are plenty of places that do that. We do that. Scott Sanborn at our firm does that. But there are many places where you can find people that will do that. But you're going to be looking for a flat fee advisor in that case.
I would check out that book if you're looking for a retirement coach. And we'll actually have a link to that in our weekly newsletter, The Noodle. So, you can pick that up on Amazon quickly if you don't have a chance to write down the name.
AN ANONYMOUS LISTENER WANTS TO FIND A GOOD FINANCIAL MANAGEMENT SOFTWARE
Our next question comes from Anonymous.
They say,
“I'm looking forward to purchase financial management software. I just turned 70 and collect full Social Security and my wife half of mine. We maxed out and my assets are pretty substantial.
Since I'm still working, I think I may have too much cash. I'm waiting for a big dip correction. What software can I purchase that is very secure and pulls all my assets in and does good analysis for me, maybe AI?
PS I don't trust the free software.”
I'll be honest with you, Anonymous. I don't think you give enough context as to what your intent is. What is it you are looking for the software to help you with? So, I really can't answer the question until you define that intent. As an example, are you looking for retirement planning software? Are you looking for asset allocation software? Are you looking for software to help you identify the quote, unquote, big dip correction? I don't know, so I don't know how to answer this.
If it's retirement planning software, you can get access to professional version of what we use in the Rock Retirement Club, or Bolden, which used to be New Retirement, has a free premium version, which means they have a free version that can help you move up, which I agree with because that helps support development. Bolden would be the other one that I would check out. But until you define your intent on what you want the software to help you to do, it's difficult to recommend one.
SUSAN ASKS ABOUT MEDICARE PENALTIES AND HEALTH INSURANCE WHILE BEING EMPLOYED AFTER 65
Our last question for today comes from Susan, and she is planning to work past age 65.
Susan says,
“Can you clarify something for me? If a person doesn't take Medicare when they first are eligible at age 65, there can be penalties down the line which never go away. How does that work when are you still working? Or how does that work when you're still working and you already have health insurance through your employer? I wouldn't want to be paying twice for health insurance. Or does the penalty you just apply to part A, et cetera.”
The central question is, how does health insurance while still working coordinate with Medicare?
Susan, when it comes to how to navigate Medicare while you're working after age 65, it's really going to depend on your company. So, I would contact the HR department. Your employer is going to have their own rules about whether you need to switch over or if you're able to keep your employer health insurance. Perhaps you could make Medicare as a primary coverage and keep your employer as the secondary. Then you might make the decision about whether or not to go on part B separate from the decision to go on part A. It's very fairly common to say, see still working people go on part A at age 65 because there's no premium. Also, you shouldn't have to pay a penalty for a late signup if the reason for the late signup is because you are still fully covered by your employer plan. There are a lot of specific requirements for this, so that's why I would talk with your HR department.
Now let's move on to your husband and whether they can stay on that plan or not. Again, your employer may not allow your older husband to be part of your work health insurance, even while you are below age 65. After he's reached 65, this is really something you want to talk to the HR department as an easy button with this, I would also suggest talking to a service similar to Boomer Benefits. They're the ones that I use in my practice to coordinate Medicare decisions. It doesn't cost you any money because it's all built into the Medicare system. But one thing that they do, and I'm sure others do this as well, but Boomer Benefits has been very good at this in my experience, they will help navigate coordination of benefits to help you see around corners. So that is always an option for you.
All right, with that said, let's get on to our smart sprint.
TODAY’S SMART SPRINT SEGMENT
On your marks, get set, and we’re off to set a baby step you can take in the next seven days to not just rock retirement, but rock life.
All right, in the next seven days, I want you to sit down and schedule your meetings regarding retirement planning for the rest of the year.
Here we are in May, so why don't you schedule a Q3 meeting sometime in July or August and then schedule a Q4 meeting with yourself in the last quarter of the year. Get these on the books now. Then you can work at creating a small agenda for yourself, knowing that you are going to visit your retirement plan of record in an organized way. It's on the calendar. You know how you're going to address it. we'll talk about what things to have in each one of those meetings on our live meetup on June 5th. But go ahead and get these scheduled. That way you can go about rocking retirement knowing that you're going to pay attention in a structured way.
BONUS
All right, now it's time for the next journal entry from my grandfather, Sigmund Cancellor, who flew in B-17s in World War II. Let me get to the mission. We're getting close to the end here. We're on missions 48 and 49.
“September 12th. Ship number 859, sortie 32nd. Visited Munich, Germany again today and done a good job bombing the Scotchfield Aerodrome. Usual Munich flak today. One more mission to go. Not sweating, well not that much. Carried 20,250 pound bombs. Mission seven hours, 30 minutes. Altitude 23,000ft.”
All right, are you ready for summertime? Hope you have a great day.
The opinions voiced in this podcast are for general information only and not intended to provide specific advice or recommendations for any individual. All, performance reference is historical and does not guarantee future results. All indices are unmanaged and cannot be invested in directly. Make sure you consult your legal, tax or financial advisor before making any decisions.