Retiring With Enough Simplifying Life in Retirement
Apr 29, 2025
Kevin Lyles, Head retirement coach of the Rock Retirement Club and CRPC™, shares practical tips to simplify life after work. He talks about trimming commitments and social media, creating quiet solo routines, and pruning negative influences. Financial simplification topics include consolidating accounts, simplifying portfolios and income strategies, and setting up legal and automation safeguards.
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Consolidate Investments As Retirement Progresses
- Simplify investment holdings gradually: keep global diversification early, then reduce to a few funds after sequence-of-returns risk fades.
- Kevin suggests 6–10 funds initially, then consolidate down to 2–4 or even a total market fund plus bonds later.
Use Annuities To Simplify Lifetime Income
- Consider annuities to simplify lifetime income instead of managing and replenishing bond ladders.
- Kevin argues annuities remove rollover complexity and provide predictable monthly income in older age.
Consolidate Accounts To Reduce Complexity
- Consolidate retirement and brokerage accounts into as few custodians as practical to simplify recordkeeping and tax prep.
- Peter moved 90–95% of investable assets into one custodian to avoid many tax statements and complexity.