Retirement Answer Man

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Crashes, Retirement, and Bears, Oh My! How to Protect Your Retirement Lifestyle Jan 22, 2020

Show notes

Protecting your retirement lifestyle is an important part of retirement planning. You want to know that if everything falls apart you’ll still be able to live the life you want. Well, unfortunately, nothing is absolutely certain and there is no way to protect yourself against everything. However, proper planning can help give you peace of mind. If you’re wondering what on earth you’ll do in the event of a bear market or market crash, listen to this episode to help you understand how to set yourself up for success in retirement.

Retirement is asymmetrical

The 4% rule looks great on paper, but it really isn’t practical when applied to life. Retirement is lumpy and asymmetrical and returns on investment are asymmetrical as well. There are always going to be unexpected expenses. Sometimes expenses will come in the form of opportunities and sometimes the expenses won’t be as much fun. The only thing that is certain is that life is always uncertain. So it is important to prepare for the unexpected. When planning your retirement, you need to remember that life will get in the way.

It’s all about finding balance

In retirement, you need to find that balance. On one end of the spectrum, you have that near-term market loss and on the other end, you have a loss of purchasing power.

Let’s learn how to keep the tension between the two of them.

Know what your spending forecast is. Understand your needs, wants, and wishes. Build a model retirement budget and then categorize your spending in those 3 different categories.
Determine your fundedness. Are you underfunded, constrained, or overfunded? Know where you fall on this spectrum. The strategies you take will depend on how funded your retirement savings are. Listen in to hear the different strategies to use based on your fundedness.

The best way to protect your retirement lifestyle

How can you protect your retirement lifestyle? Try using your superpower longer. What is your superpower, you ask. Your human capital. The longer you can continue to bring in income the better off you’ll be. Retirement doesn’t have to be like a light switch. You don’t have to simply turn off the work button. Try pretirement to gain time freedom and flexibility while still maintaining a bit of an income. Pretirement is the best strategy you can use to protect yourself from whatever life throws at you.

How much is enough?

A listener writes in with a question, how will he know when he has enough to retire? This is such an important question and one that we all struggle with, but it’s not only an external question of how much you have in the bank. You need to go through a process to determine the retirement that’s right for you. Here are some steps you can follow to help:

Determine how much the retirement lifestyle you want will cost.
Create a model retirement budget based on your needs, wants and wishes.
Know what your resources are and strategize from there.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN HOT TOPIC SEGMENT

[1:06] Retirement is asymmetrical
[3:03] How do we balance near term market loss on one end with loss of purchasing power on the other end?
[10:28] Tips to protect yourself

LISTENER QUESTIONS SEGMENT

[13:44] BC is wondering whether he should pay off his mortgage
[16:50] How much is enough?
[24:02] Should gold be a part of your portfolio?

TODAY’S SMART SPRINT SEGMENT

[28:05] Revisit your premise that retirement is binary

Resources Mentioned In This Episode

BOOK - Stillness is the Key by Ryan Holiday

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Crashes, Retirement, and Bears, Oh My! Market Crashes, What They Are and How They Work Jan 15, 2020

Show notes

Market crashes are black swans. No, not those black swans, unpredictable events beyond what is normally expected with potentially severe consequences. You can probably name all of the market crashes in the past 100 years since they have had an impact on the way we invest. On this episode of Retirement Answer Man, we’re learning about market crashes and the lasting impact they can leave on our psyches.

Market crashes can leave you with emotional scars

Even though market crashes are not as important to worry about in retirement as bear markets. The real problem with market crashes is the effects they leave behind. Whereas bear markets are long and drawn out, market crashes are sudden and devastating. Similar to a car crash, a market crash can leave emotional scars. We haven’t had many market crashes in recent history, but the ones we have had have left an imprint on our collective memory.

Market crashes are certainly memorable

You may have seen the long-lasting effects of the 1929 market crash on your parents or grandparents. It changed the way people thought and behaved. The ‘Black Monday’ crash of 1987 drove the market down by 23% in one day. The NASDAQ fell from 5000 to 1000 during the bursting of the dot com bubble in 2001-2002. And of course, more recently, there was 2008 of which many of us still haven’t recovered.

In retirement, market crashes can be even more traumatic

Does your retirement plan prepare you for a market crash? In retirement, we need to build a system to where a market crash won’t derail our lives. That system should give us enough emotional currency to help us understand that we will be okay no matter what. You don’t want to let a market crash derail your decision making. Does your financial plan account for market crashes?

How would I design a high school finance course?

One listener who is a high school teacher asks, how I would design a financial literacy course for high schoolers. This was a fun question to answer. I hope that financial literacy becomes a course that every high schooler can take. There are several fabulous resources out there that teens can enjoy and learn from. I don’t necessarily think that teaching stock market training is as important as building healthy financial habits. Find out which resources I recommend by listening to the Listener Questions segment of this episode.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT DOES THAT MEAN?

[2:20] What is a black swan?

HOT TOPIC SEGMENT

[3:30] Let’s talk about market crashes
[9:37] In retirement market crashes can be even more traumatic

LISTENER QUESTIONS SEGMENT

[11:10] A listener correction about Social Security and COLA
[13:08] A question about all Roth contributions
[16:20] How would Roger design a high school course?

SMART SPRINT SEGMENT

[21:40] Increase your savings rate (or lessen your spending rate) by 5%

Resources Mentioned In This Episode

BOOK - Atomic Habits by James Clear

BOOK - The Richest Man in Babylon by George Clason

BOOK - The Black Swan by Nassim Nicholas Taleb

Episode 306

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Morning Star’s Instant X-Ray tool

Crashes, Retirement, and Bears, Oh My! Bear Markets: What They Are and How They Work Jan 08, 2020

Show notes

The thought of bear markets in retirement can be so scary, but they can be a bit less frightening if you have a plan. That’s why we’re taking this month to discuss market downturns and how they affect retirement plans. Every couple of years there will be a 10% correction in the market but this isn’t a bear market. A bear market is at least a 20% decline in the markets. The more you learn the more you’ll be prepared for any eventuality in retirement. Listen in to learn more about bear markets and how they could affect your retirement investments.

What is a bear market?

You may have heard the term bear market thrown around loosely, so before we dive in to discuss how they’ll affect you we need to define what a bear market really is. A bear market is a condition or period of time when securities fall 20% or more from recent highs. There is usually a lot of negative sentiment surrounding bear markets. The stock market is usually what we’re talking about when we discuss bear markets but we could be discussing any kind of securities.

There are 2 types of bear markets that we usually talk about. The cyclical bear market is the more common type. This signifies a short term downturn. There is also a secular bear market which refers to a long-term timeframe of below-average returns.

A history of bear markets

We have had 12 bear markets since 1945. The average drop was 33%. The most famous bear market was during the great depression and suffered an 86% decline over a 34 month period. The most recent bear market is still fresh for many of us. The 2008 crash lasted 17 months and saw a 56% decline in values. Unfortunately, bear markets don’t all perform the same since past performance is not an indicator of future results. But there are some things we can learn by looking back at history. Listen in to find out what you can learn by looking at bear markets throughout history.

Bear markets and investing for retirement

The 4% rule is talked about all the time as a retirement strategy. It’s popular because it works very well in a spreadsheet. On this episode, I’ll compare how the 4% rule holds up throughout different bear markets throughout history. Listen in to learn how the 4% rule holds up through various historical models. You’ll learn what you can do to reduce your risk and lessen the impact of a bear market in retirement.

When to dial back risk

Cathy has an audio question for me. She has enough assets to cover her retirement expenses already, so she wants to know when is the right time to dial back her risk. Obviously, this is a matter of personal opinion and risk tolerance. But there are some things you can consider to gauge how much is enough. First, you should consider if you really have enough. Enough for what? Think about how you could live your best life. Next, you should isolate the excess. During the listener questions segment, you’ll hear the full answer to Cathy’s question as well as 2 more listener questions. Discover whether you should pay off the house or do a Roth conversion and how to assess when it’s time to consider a long term care facility.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT DOES THAT MEAN SEGMENT

[2:20] What is a bear market?

PRACTICAL PLANNING SEGMENT

[4:20] A history of bear markets
[8:02] what does this mean for you in retirement?
[15:50] what lessons can you learn from history?

THE LISTENER QUESTION SEGMENT

[17:41] When to dial back risk
[25:14] Pay off the house or do a Roth conversion?
[29:35] Bill asks how to assess when to enter a long-term care facility

TODAY’S SMART SPRINT SEGMENT

[32:33] What is your asset allocation?

Resources Mentioned In This Episode

WealthOfCommonSense.com

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Crashes, Retirement, and Bears, Oh My! How Investing Changes in Retirement Jan 01, 2020

Show notes

The way you invest changes in retirement. Rather than being in the accumulation stage of life, now it’s time for the decumulation stage. But how do you flip that switch? How should your investment strategy change to reflect this new period in your life? During this monthlong series, we’ll be learning how to deal with bear markets and crashes in retirement. You may be thinking, why should I worry about bear markets when 2019 was so hot? Well, that is precisely why you should begin to consider how you would handle a bear market or a crash in retirement. Learn to be prepared for any eventuality by listening to this episode of Retirement Answer Man now.

Are you trying to fit a square peg into a round hole?

Certain decisions are larger and more important than others. Retirement is one of those high stakes decisions. You’ve got a lot to learn if you are going to get it right.

Investment strategy is typically built on the idea of accumulating wealth. That’s what you’ve been trying to do your whole life, right? But investing in retirement is quite different than any other kind of investing. When investing in retirement people often try to fit a square peg into a round hole. Listen in to learn why investing the same way you have for your entire adult life won’t work in retirement.

5 ways that investing in retirement is different than any investing you’ve ever done

The math changes. You have had plenty of time to invest which has allowed you to outperform by investing your money consistently. Unfortunately, retirement turns the tables. Now, instead of investing systematically, you are taking money out of the market systematically.
You have lost your superpower. You no longer have the ability to earn income. This can really affect you psychologically. When you were working you could simply earn your way out of many financial missteps.
Fear of missing out. Do you feel like you're missing out on the next best thing?
Statistics are good at lying. We tend to think in statistics, but unfortunately, statistics aren’t very good for decision making.
You only get one shot at this. Unlike the accumulation phase of life, there are no do-overs.

The Secure Act passed!

In a rare act of unity Congress actually got something done! We’ve discussed what the Secure Act might mean for you in previous episodes, but now it has officially become law. This means that there are changes coming to a retirement near you. This bill has changed RMD’s, IRA limits, 401K’s, and done away with Stretch IRA’s. Find out what the Secure Act could mean for your retirement by listening to this episode of Retirement Answer Man.

What does sequence of return risk mean?

When researching retirement you may have heard the term sequence of return risk thrown around. But do you really know what that means? You may plan on getting 5% returns, but steady returns on investment rarely happen. You could get 0% one year and 12% the next. Find out how bad returns at the beginning of your retirement can impact the viability of your overall retirement plans. Make sure you’re signed up for 6-Shot Saturday to see plenty of examples of sequence of return risk.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN HOT TOPIC SEGMENT

[4:28] 5 ways that investing in retirement is different than before

PRACTICAL PLANNING SEGMENT

[18:05] Our words for the year
[23:06] The Secure Act passed!

LISTENER QUESTIONS

[27:48] How to maintain a balanced portfolio in a bear market

WHAT DOES THAT MEAN?

[34:43] Sequence of return risk

SMART SPRINT SEGMENT

[37:25] What is your word for the year?

Resources Mentioned In This Episode

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Travel in Retirement: Hacks to Save Money Dec 25, 2019

Show notes

This is the episode to listen to if you are looking for hacks to save money on travel. You’ll hear my personal travel tips, as well as tips from the Rock Retirement Club, and international travel hacks. BW also joins in for the Coach’s Corner segment to enlighten us on his own views on how travel can benefit your retirement. You won’t want to miss this episode. Make sure to take notes on these travel hacks that will save you money.

Hacks to save money on your retirement travel

Where will you go in your retirement? Have you already started planning your retirement trips? Planning the logistics of travel can be tricky but I like to use Google Flights to help me search for the best prices. Google Flights can be dynamic and your flexibility can really save you money. Use the alert function to set price alerts for places you want to go.

I also use my network of friends and acquaintances to get tips on where to go and what to do when I’m planning a trip somewhere. The people you know can really enhance your travel experiences. You never know who has been to the places you want to go.

Travel tips from the Rock Retirement Club

The Rock Retirement Club is an amazing hive of knowledge. I love tapping into this invaluable resource. The members of this club have some great tips to share with you. Here are a few.

Utilize Costco Travel, Scott’s Cheap Flights, or your favorite airline’s credit card.
If you visit a place annually make a checklist to make it easy to remember things you want to do or places you love to go.
Sign up for TSA Precheck or Global Entry to fly through those lines
Plan ahead, especially for popular national parks
Don’t overschedule your time. You need downtime and flexibility.

Learn how to improve your travel experience in retirement by listening to this episode to hear all our collective travel tips.

Hacks for international travel

Retirement is a great time to finally experience the world. But planning international travel can be daunting. You’ll be in a foreign place where you don’t understand the language or customs. Some of these travel tips can ease your worries about international travel.

Purchase travel insurance. You never know when you’ll need to use it.
Get your cell phone service in order. Listen in to find out how I ended up with a $1000 phone bill after one international trip!
Sign up for the Smart Traveler Enrollment Program through the U.S Embassy.
Check the CDC for vaccine information and health risks if you plan to go to some exotic locales.
Get a medical pack from your doctor to be prepared for any situation

This episode is chocked full of travel hacks and you’ve got to listen to hear them all.

What will the Secure Act mean for you?

It looks like the Secure Act will pass and become the law before the end of the year. This will mean significant changes are coming to retirement planning. This Act contains 29 provisions, some of which will be big changes, but others won’t have much of an impact. Here are a few changes you might see in the coming year.

Required Minimum Distributions will move from age 70 ½ to 72.
The RMD life expectancy table will change as well.
The Secure Act will repeal the maximum age to contribute to an IRA
The new law will get rid of the Stretch IRA. Find out what that means for you and your heirs by listening in!
I’m so excited that it will be easier for small businesses to offer 401Ks to their employees.

You’ll have to listen in to hear the rest of the ways that the Secure Act will change saving for retirement.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN HOT TOPIC SEGMENT

[2:33] Tips on how to save money on travel
[7:45] Why it is important to tell your network of your travel plans
[9:23] Tips from the RRC
[14:30] International travel tips

WHAT DOES THAT MEAN SEGMENT

[19:40] What will the Secure Act mean for you?

COACH’S CORNER SEGMENT

[27:00] The anticipation of travel can be a lot of fun

TODAY’S SMART SPRINT SEGMENT

[35:15] Think about the person you want to become next year

Resources Mentioned In This Episode

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Travel in Retirement: Mapping Out Your Journeys Dec 18, 2019

Show notes

Where will your journeys in retirement take you? Now that you’ve learned about dreaming up your retirement travel plans and how to pay for it all, it’s time to get to work mapping out your journeys. On this episode, I’ll walk you through how to choose where to go for those initial travels in retirement. You’ll also find out why you shouldn’t lump all of your 401K contributions into the first few months of the year. And finally, I answer a listener question on a topic that I thought I covered but hadn’t. We’ve got lot’s of fantastic information for you so grab your headphones and press play!

Why does travel always get pushed aside?

There is always something more important than travel. Even when we have the time, money, and opportunity we still sometimes miss out on traveling. Sure, we all have good reasons for doing so, but we may not have this window of opportunity again. The beginning of retirement is the ideal time to pursue your travel dreams. This is the perfect time! You have the time, the money, and the opportunity. Go now! Don’t miss out.

How do you prioritize your journeys?

Hopefully, after listening to episode 302, you’ve already created your bucket list separately from your spouse. Now it’s time to get together and create a master list and prioritize the trips that you want to do together. The first thing you need to think of is, which places are physically strenuous? You’ll want to put those places at the top of the list since you are as healthy and mobile as you are going to get.

Next, think of creating a list of places that you want to go together with your spouse. Then create another list of places you want to go, but your spouse doesn’t. You can choose to go to those places on your own, with friends, or with other members of your family.

Finally, pick which one you want to do first and book it! Seriously, put the dates on the calendar now. Block out those dates and begin creating a research folder on that location. Listen in to hear why you’ll want to start chatting with your friends immediately about your next trip.

Reflections on our word of the year

If you have been a long-time listener, you know that Nichole and I chose a word at the beginning of each year to be our guiding light throughout the year. That word becomes the focus of our energy, and we try to keep it at the forefront of our minds. Now that 2019 is coming to a close we’re taking a moment to reflect on how we did with our words. The word I chose for this year was Embrace. I chose this word so that I could embrace the moment of life that I am in right now. Nichole chose Flow since she wanted to learn how to go with the flow. Did you chose a word this year? Let us know how you did with it, we’d love to hear!

Why you should consider Roth conversions

A dear listener commented recently on the fact that I didn’t really touch on Roth conversions during the Retirement Tax Management Series. The bad news is: I was wrong in thinking that I had already covered Roth conversions in depth. The good news is: we will have a whole monthlong series on Roth conversions in 2020. But if you can’t wait that long then you’ll want to listen in to find out 2 reasons why you should consider Roth conversions. By listening you’ll also learn how to avoid a costly mistake with your 401K contribution.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT

[3:30] There’s always something more important than travel
[7:56] Making connections is important in travel planning

LISTENER QUESTIONS

[18:30] How did we do with our words of the year?
[24:53] It’s not wise to max out your 401K contributions
[27:40] I haven’t deeply covered Roth conversions on the show

TODAY’S SMART SPRINT SEGMENT

[39:25] Decide on your word for 2020

Resources Mentioned In This Episode

Michael Kitces Podcast

Surfin bird video

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Travel in Retirement: Creating a Budget Dec 11, 2019

Show notes

If you want to travel in retirement then you’ll have to go about creating a budget first. In this episode of Retirement Answer Man, I’ll walk you through the basics of creating a travel budget. You’ll learn how to categorize the types of travel you envision and then you’ll discover how to break down your expenditures. Check out this episode to get into the traveling mindset so that you can travel without the worry that you’re doing something you can’t afford.

How can creating a budget for retirement travel allow you to travel without regret?

You know you want to travel in retirement, but how much should you spend on travel? One way to begin to budget for travel is to divide your retirement travel into separate categories. First, you have car trips, plane trips, and weekend getaways. Next, come the annual vacations. Then you have your extraordinary trips or bucket list items. Once you have your travel categories laid out then you can take a SWAG (A sophisticated, wild, awesome guess!) at how much they may cost. At this point in time, there is no need to dive too deeply into counting the cost.

Top-down or bottom-up?

What is a reasonable amount you can expect to spend over life’s normal expenditures? And just how do you go about budgeting for a trip you have never taken? Well, there are 2 ways you can choose from. The top-down approach is taken when you find an amount that you are comfortable spending and you fit your trip into that financial constraint. The choices you make will be influenced by the amount you decide is right.

If you like a more detailed analysis you may prefer the bottom-up approach to budgeting. This involves estimating your expenses for each individual line item. You consider the costs of transportation, lodging, eating, and entertainment and then build your budget around those factors. The advantage of this method is that it is specific and you will understand how much you spend on each. How do you traditionally budget for vacations?

How do you pay for vacations in retirement?

So now that you understand how to create a budget for your retirement travels, how do you actually pay for it? In retirement, the only paycheck you have is the one that comes from your savings. There are a few ways you can go about paying for your trips in retirement. You can add the amount you need for next year’s travel to your cash reserves. Some people opt to do part-time work with their paychecks earmarked for travel. This gives them peace of mind that they aren’t dipping into their nest egg. How will you fund your retirement travel?

What do you do if you suddenly come into money?

On our new listener questions segment, one listener asks what she should do now that she has suddenly and unexpectedly come into a large amount of money. People are quick to offer advice and want to help you decide what to do if you come into newfound wealth. But my first piece of advice is to take some time and breathe. Just let the money sit in the bank until you are ready to decide what to do. When you’re ready, then you can choose a team to help advise you on taxes and finance. Check out 6-Shot Saturday to find the questions you should be asking when you interview potential candidates. And listen in to find out why you need a fiduciary on your side to help you come up with a financial strategy that matches your goals.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN HOT TOPIC SEGMENT

[3:12] How do we budget retirement dreams to travel without regret?
[14:00] How do you pay for the trip?

LISTENER QUESTIONS SEGMENT

[21:10] What do you do when you suddenly come into money?
[29:11] Fund 401K each year?
[30:00] How to determine the value of a pension?

WHAT DOES THAT MEAN?

[34:45] What is the difference between social capital, human capital, and financial capital?

TODAY’S SMART SPRINT SEGMENT

[37:00] Start thinking about your ‘word’ for 2020

Resources Mentioned In This Episode

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Travel in Retirement: Dreaming Up Your Vacation Vision Dec 04, 2019

Show notes

Is there anything more exciting than planning your travel in retirement? During our recent listener survey, we asked you what you were most excited about in retirement. Number one on the list was time freedom and number two was travel. December is the perfect time to plan your travels for the next year which is why we decided to explore travel in retirement over the course of this month-long series. Learn how to dream up your ideal vacation on this episode of Retirement Answer Man.

What is our most precious resource?

Do you think money is your most precious resource? What about time? We always feel like we have an endless supply of time until we get sick or someone around us passes away. When we are young time feels infinite, but as we age we realize that it’s not. Time is something we always feel we don’t have enough of, we can’t store it, rent it, or buy, it. Yet we all seem to waste time in different ways--from watching TV, to browsing social media, or aimlessly searching for distraction. Do you value time over money? Do your choices reflect your values? Would you walk away from a million dollars to gain more time with family?

How to create your ideal vision for travel in retirement

Sure you know you want to travel more in retirement, but how do you begin to plan what you want to do? First, you need to discover what you want to do. You need to get a good idea of your vision. You can think creatively about what it is you really want to do to create the rich life you envision for yourself in retirement.

There are 2 types of travel people usually think about: the normal yearly vacations and the bucket list travel goals. Learn how to plan both by listening in and learning the questions you should be asking yourself about how you want to travel in retirement.

Define your travel goals

Think about how you want to travel. Where do you want to go? Do you prefer rural or urban locations? Sun or snow? Beaches or mountains? Do you prefer to travel with a group, alone, or just you and your spouse? Do you need to have everything planned out for you, or do you prefer to just go with the flow? Do you crave leisure, activity, or fitness? You can use these questions to create a vision for where and how you want to travel in retirement. Learn what else you can consider when mapping out your travel goals in retirement.

What tools can you use to help you plan to travel in retirement?

Now that you know what to consider when dreaming up your ideal vacation, you need some tools to help you plan. I love my giant NeuYear wall calendar, it helps me quickly see where my vacations fall amidst the rest of my year. One way to begin brainstorming is to create a mindmap. This allows you to take an idea and then expand upon it by adding new layers and ideas. If you are a visual person, you may enjoy creating a vision board. How will you begin to plan your retirement travel?

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN HOT TOPIC SEGMENT

[3:02] What is our most precious resource?

PRACTICAL PLANNING SEGMENT

[8:44] How to create your vision for travel in retirement
[11:00] What kind of travel suits you?
[23:12] Tools you can use

TODAY’S SMART SPRINT SEGMENT

[26:50] Start mapping out your retirement travel

Resources Mentioned In This Episode

MindNode

NeuYear Wall Calendar

BOOK - The Effective Executive by Peter Drucker

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney