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Published: Nov. 24, 2015, noon

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Welcome once again, to the only retirement focused show that gives you ME - Roger Whitney, the Retirement Answer Man. In this episode I\\u2019ve got a ton of great things to share with you - everything from a super announcement about our second annual \\u201cRetirement Plan LIVE\\u201d event that will be going on, to a quick definition and discussion of capital gains and dividend distributions, Christmas planning and tax savings, a conversation with a great guest, Emily Birkin, and a smart sprint tip that involves time travel. Honest, I wouldn\\u2019t make this stuff up. It\\u2019s on on this episode so make sure you set aside some time to give it a listen!

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Would YOU like to get a free retirement plan done by THE Retirement Answer Man?

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One lucky listener will be chosen to participate in the 2nd annual \\u201cRetirement Plan LIVE,\\u201d a real-life retirement planning session that I record and publicize to help everyone out there who\\u2019s looking to plan their retirement know the kinds of things they need to look out for and consider when they\\u2019re doing their plan. The only requirements I have is that you\\u2019re within 5 to 10 years of retirement, that you don\\u2019t have a huge pension (because I\\u2019d like to make this a bit more interesting), and that you\\u2019re willing to allow me to record our conversations to air for the retirement planning LIVE event. Your name would be kept out of it for the sake of confidentiality and you\\u2019d be helping a TON of people with your generosity and daring! If you\\u2019d like to be considered as a candidate, got to www.RogerWhitney.com/RPL

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A mutual fund mistake I made years ago that I want you to avoid!

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When I first started out as a retirement advisor - you know, way back before I was THE retirement answer man - a client I\\u2019d just advised to invest in some mutual funds gave me a very frustrated call. Well, he wasn\\u2019t just frustrated, he was downright angry? Why? It had to do with the mutual funds he\\u2019d just purchased at my suggestion. It seems that I hadn\\u2019t checked a very important thing and he was already having to pay taxes on his income through that mutual fund when he hadn\\u2019t actually made any gains. Can you guess what my mistake was? \\xa0You\\u2019re going to hear it in this \\u201ctrue confession\\u201d time on this episode.

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You can save for Christmas by saving on your taxes. I\\u2019m going to show you how!

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The holiday season is upon us and it\\u2019s only a few days before Christmas shopping starts in earnest. Did you know that there is a way you can get all of your Christmas shopping expenses paid for through wise financial planning? Really, it\\u2019s true! The way you handle your tax liabilities before the fiscal year ends could enable you to save enough money on your taxes that your Christmas shopping would be a wash, of sorts. Are you curious? On this episode of The Retirement Answer man I\\u2019m going to give you 3 ways that you can do that. Take a listen!

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A \\u201cS.M.A.R.T. Sprint\\u201d for the Thanksgiving season.

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I\\u2019ve begun sharing what I call \\u201cS.M.A.R.T. Sprints with you over the past few episodes. They\\u2019re small things you can begin to do that bring about large changes in your life. In today\\u2019s smart sprint I\\u2019m going to air some dirty laundry by telling you 4 of the worst times in my life that have taught me lessons that I\\u2019m thankful for. I\\u2019m doing it to give you some examples of how you can turn this season of Thanksgiving into an opportunity to count your blessings for the lessons learned from your own hard times. It\\u2019s not easy to go through that stuff - as you\\u2019ll see from my examples - but if you\\u2019re able to come out on the other side with some experience and wisdom under your belt, you\\u2019re going to be way ahead in this game we call \\u201clife.\\u201d Hear it all on this episode.

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OK, so what\\u2019s with the \\u201ctime traveling\\u201d reference?

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No, I haven\\u2019t gone out and bought the \\u201cBack To The Future\\u201d Delorean. I\\u2019ve learned to think about a very common practice that we all do, in a very different way. It has to do with regrets, hurts, offenses, bitterness, worry, and all the other things that get into our heads and cause us to live anywhere but in the present. When we do that we actually make ourselves unhappy - because we\\u2019re focusing on things that we can\\u2019t do anything about. What I\\u2019m learning is that I can keep myself in the present moment, focusing on the things in my life that are going well, and keep myself from \\u201ctime traveling\\u201d to those places that do nothing but bring harm to my life. Want to know more? You can, by listening to this episode.

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OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

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• [0:29] Welcome - and Happy Thanksgiving!
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• [0:39] A HUGE announcement - the 2nd edition of \\u201cRetirement Plan LIVE\\u201d
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• [3:10] How you can connect with Roger to be considered as a candidate for the RPL.
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JARGON TALK SEGMENT

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• [4:32] DEFINITION: Capital gains and dividend distributions.
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• [6:47] Why you need to understand what these terms mean!
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HOT TOPIC SEGMENT

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• [8:03] Christmas is right around the corner!
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• [8:15] How would you like to have a free Christmas? It only takes some wise tax planning in many cases.
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• [9:10] Review how you could offset your realized capital gains.
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• [11:58] Contribute to a charity or make gifts to family to offset taxes.
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• [12:41] Maximize your IRA contribution.
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PRACTICAL PLANNING SEGMENT

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• [13:06] Introduction of today\\u2019s guest: Emily Guy Birkin
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• [13:25] What can people learn about retirement from Emily\\u2019s book?
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• [14:42] Coming to terms with where you\\u2019re at in your retirement goals.
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• [16:42] How does \\u201cdreaming big\\u201d figure into the retirement picture?
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• [18:44] Learning how you are wired when it comes to money.
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• [20:47] How your wiring can impact your close relationships.
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• [23:58] The biggest retirement myths that impact how you plan for retirement.
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• [25:47] The many aspects of retirement beyond saving and investing.
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• [27:49] The reason great balance is needed in retirement planning.
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• [28:49]
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TODAY\\u2019S SMART SPRINT SEGMENT

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• [29:49] What lessons are you thankful for that came from bad things that happened?
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• [30:43] The lesson Roger learned when his mother died young.
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• [31:22] What Roger\\u2019s marriage problems taught him.
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• [32:22] How almost bankrupting his family taught Roger good things.
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• [33:21] Losing big clients taught Roger some great lessons.
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• [34:04] The lesson learned when Roger hurt his back (numerous times).
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THE \\u201cBE HAPPY\\u201d SEGMENT

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• [35:06] A concept Roger just \\u201cgot\\u201d that is helping him become more happy.
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• [35:38] \\u201cStop Time Traveling?\\u201d What\\u2019s that all about?
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RESOURCES MENTIONED IN THIS EPISODE

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www.RogerWhitney.com/RPL - sign up to be considered for Retirement Plan LIVE

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Contact Roger: http://www.rogerwhitney.com/retirementanswers/

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Roger\\u2019s retirement learning center: www.RogerWhitney.com/learn

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The Retirement Answer Man Facebook page: www.Facebook.com/RetirementAnswerMan

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Emily\\u2019s book: Choose Your Retirement

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