Keen On Retirement™

In a way, my four previous blog posts about coping with volatility in retirement were about prework: The choices you and your advisor make that don’t always show up on a spreadsheet. Why maintaining flexibility can be more important than optimizing your numbers. How to make high-consequence decisions when there is no one right answer. And some of the nuts and bolts mechanics that prepare a retirement plan to absorb life’s inevitable shocks. But once you do retire, your plan is only half of the equation. The other half is you. And that's because, with a comprehensive financial plan in place, the real risk to your long-term security in retirement usually isn’t market volatility. It's how you respond to that volatility in the moment.

It's "a tradition unlike any other." The $1.50 pimento cheese sandwich. Every year at the Masters, you'll hear TV commentators wax nostalgic about what makes the world's most famous golf tournament unique: the course, the history, the cell phone ban. And those sandwiches, which, at the very first Masters in 1934, cost just $0.30. If the pimento and cheese had kept pace with the rate of inflation since then, today it would cost $7.50. But the $1.50 price tag has stuck since 2003. Other than Costco hot dogs ($1.50) and Arizona Iced Tea ($0.99), there aren't many other examples of products whose prices have stayed flat over time. In the past couple of years, we've all had to cope with costs that have risen a little faster than we're used to, not just at the grocery store but at the pump and on our utility bills. As we discuss on today's show, protecting your nest egg against inflation and other variable costs is an important part of a comprehensive financial plan, especially once you retire.

In my recent blog posts, I've tried to broaden the retirement conversation beyond running the numbers and optimizing projections. I want seniors to keep their lives at the center of their financial planning and let their goals guide more of their decision-making. But even the most carefully considered decisions, and the best-laid plans, eventually run into real life. And that's the true test of a financial plan. You don't have to do a lot of math and projecting to figure that you'll be OK in retirement if the markets are roaring, your health is good, and your house is sturdy. But are you prepared for market volatility? An unexpected diagnosis? A major home repair? Will you be able to handle disruptions without being forced into bad decisions? To answer "Yes" at these critical moments, your financial plan doesn't need to be "perfect." It needs to be resilient.

When I think about the start of spring, I think about spending the Easter holiday with my family, the colors returning to our green spaces, a little more sunshine, and maybe a shower or two. Hail the size of baseballs? Not a part of my vision! But that’s what a massive storm brought to Kansas City a few weeks ago. Like so many folks, I'm still fixing broken windshields and dents on my family's cars and having my roof checked out. Of course, none of us can control the weather. But we can prepare for the unexpected by buying insurance, keeping some emergency cash in our savings, and making home upgrades that protect our most valuable assets. And, as we discuss on today's show while answering three timely listener questions, the same principle applies to financial planning. We can't control what's happening in the world or how the markets react to the news of the day. But we can be proactive about how we weather the storms of inflation and volatility.

The 2026 news cycle is spinning at a dizzying pace. Technology is rapidly upending how we work and live. With midterm elections on the horizon, our leaders in Washington are sharpening their visions for the future and policy proposals. And geopolitical tensions across the globe are giving investors something new to react to -- and worry about -- on a daily basis. On today's show, we unpack some of the major stories we're monitoring and give you a clear-eyed perspective on the current economic outlook.

As I discussed in a recent blog post, many of the most important retirement decisions you’ll make aren't about your accounts and amounts. They're emotional choices that involve personal judgment, weighing trade-offs, and your most deeply held personal values. However, refocusing your retirement planning on the things that matter as much or more than money might spark a new concern: perfection. If hitting a number is your main retirement concern, you can always work longer, save and invest more, and keep topping off your accounts. But once you start thinking about your money as a tool that you'll use to support bucket list travel, philanthropy, lifelong learning, and your grandkid's education, the pressure to get every detail right on paper might feel overwhelming, even paralyzing. These three examples of financial planning "perfection" all start from a place that seems logical and proactive. But they all come with downsides that could sacrifice the flexibility and resilience most seniors need to succeed throughout retirement.