Wed, 5 August 2020
I’m excited to share with you this next series of episodes. Over the next 4 episodes, we will explore how to make better decisions for yourself in retirement. Today we’ll examine what a decision is and think about all the different choices you have to make in retirement. Learn how to evaluate your decision-making process and discover how to make better retirement choices on this episode of Retirement Answer Man.
Decision fatigue can wear you down
Every day we are faced with so many choices. Have you ever looked at the number of different kinds of toothpaste there are to choose from? Even that small choice is overwhelming.
If you don’t have a framework in place to help you make decisions you can easily get worn down. This type of exhaustion is called decision fatigue. The more decisions you have to make the more your willpower becomes depleted. When decision fatigue sets in people often turn to the choices they have always chosen in the past. What do you do when you become overwhelmed by choices?
There are so many decisions you face in retirement
Think about all the decisions you need to make surrounding retirement.
When are you going to retire? Will you retire fully or ease into it? What will your spending look like? How will you create a paycheck for yourself? How will you protect against inflation? How will you pay taxes? Who will you spend your time with? Where do you want to live?
The list goes on and on.
And with each of those big decisions a decision tree with massive roots and limbs sprouts with new questions. It becomes easier to simply ignore all of those retirement choices and stick with the status quo.
Is there a better way to make decisions?
The goal of this series is to help you build a framework to harness decisions. You’ll learn how to make good incremental decisions so that you don’t become overwhelmed. You’ll discover how to focus on the right decisions, the ones that really impact your life. You will develop a structure to get to the result that serves you the best. As a result, this framework will help you improve the quality of your life in retirement.
Are you ready to learn how to start making better decisions? Don’t miss this series, it could change the course of your life in retirement!
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
WHAT'S THAT MEAN?
PRACTICAL PLANNING SEGMENT
Q&A WITH CHAD SMITH
TODAY’S SMART SPRINT SEGMENT
Resources Mentioned In This Episode
PODCAST - Financial Symmetry with Chad Smith
BOOK - The Behavioral Investor by Dr. Dan Crosby
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center