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How To Be Prepared For The Unexpected

Updated: Sep 30, 2021

RL083 – How To Be Prepared For The Unexpected

This is episode 100! Retirement Lifestyle Show with Adrian Nicholson, Erik Olson, and Roshan Loungani talk about expecting the unexpected during retirement. They go through several unplanned things that could affect your retirement, advise on how to prepare for these situations, and the best way to react to them. Also Adrian adds a new segment so listeners can get to know the co host!

[05:40] Expect the Unexpected in Retirement

[08:44] Dramatic Events That Might Affect Your Retirement

[14:40] Reacting to The Things Outside Your Control

[16:10] The Benefits of Practicing Gratitude Every Day

[23:40] Why You Should Contemplate and Prepare for The Things That Might Go Wrong

[25:50] Adrian Shares a Story on Reacting to The Unexpected

[32:50] Murphy’s Law: Anything That Can Go Wrong Will Go Wrong

[35:07] Reacting to Dramatically Adverse Situations

[38:10] Meet the Co-Hosts: Adrian's Top Ten Movies

Links and Resources

For more links and the full show notes keep scrolling down!

Roshan Loungani can be reached at or at 202-536-4468.

Erik Olson can be reached at or 815-940-4652.

Adrian Nicholson can be reached at or at 703-915-8905.

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Select episodes, like this one, can be found on YouTube:

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Full Show Notes:

Expect the Unexpected in Retirement

In life, nothing is ever smooth sailing. Sometimes things beyond our control happen, and suddenly we’re left battling dramatic situations that find us entirely off guard. Although we recognize that occasionally things might not go as planned, why is it that we never plan for the unexpected in retirement? We know that when the unexpected happens, it usually means a major delay, greater expense, or a slight change in plans. The sad reality is that most people assume with a little planning, retirement is a time of little to no complications. When in truth, even the most precise plans can face unexpected hurdles. For example, the people who had plans to retire in 2020 never expected the pandemic to play a significant role in how they retire; but COVID happened, and there was certainly nothing they could do apart from responding to it the best way possible.

Reacting to Things Outside Your Control

As earlier mentioned, certain events will occur during your retirement that may dramatically affect your retirement plans. Whether these events are controllable or not, how you react to them is a crucial determinant of how you come out the other side. Remember, in extreme cases, a momentary reaction can shape the next 20 or 30 years of our life. So, how you react can be detrimental or life-saving depending on how you prepare and respond to these situations. That said, here are several things, both reactive and preventive, you could do when dealing with things outside your control:

  • Savor in the moments and be grateful for what you have right now.

  • Interact with people who have experienced challenging moments

  • Step back and assess the situation before acting on the situation

  • Learn some basic coping skills

  • Contemplate, prepare, and reflect on the things that might go wrong

Links and Resources

All opinions expressed by podcast hosts and guests are solely their own. While based on information that they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only, and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.

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