Retirement Elevated Podcast with Sean Lee

This One’s On The House

What kind of decisions do you need to make when it comes to your home in retirement? Sean talks through several scenarios people tend to consider when it comes to their house.

 

Read and get additional financial information: https://retirementelevatedpodcast.com/podcast/this-ones-on-the-house/

 

What we discuss: 

0:39 - How’s everything been?

1:28 - Feeling ready to downsize?

4:23 - Should you pay off the house?

6:22 - Thinking about a vacation home?

8:22 - Wondering about moving out of state?

10:20 - What are the perks of a retirement community?

 

Questionable Financial Advisors

What are the questionable kinds of financial advisors you should look out for? On today’s podcast we have a bit of fun as we categorize a few different types of advisors you may want to steer clear of.

 

Read more and get additional financial resources here: https://wp.me/paeqsR-dc 

 

What we discuss on this episode: 

0:40 - What are Sean’s Labor Day plans?

2:40 - The guy with a hammer.

3:49 - The oxygen hog.

5:40 - The car trunk operator.

9:29 - The non-answerer.

Multiple Choice Retirement Quiz

From the next few years and into retirement, what’s scaring you? And what do people wish they had done sooner? We ask Sean several questions to help ease your fears by making a plan.

 

Read more and get additional financial resources here: https://wp.me/paeqsR-d6 

 

What we discuss on this episode: 

1:49 - What scares people about retirement?

3:38 - Which is scarier: inflation, rising taxes, or market volatility?

5:51 - What tax bracket do people find themselves in during retirement?

6:03 - Which tax situation best describes people in retirement?

8:17 - How much money does the average person need saved for retirement?  

9:52 - What do people wish they had more of?  

What Issues Should I Consider Before I Retire?

Let’s go through the retirement checklist to cover all the key issues you should think about before retirement. How prepared are you?

 

Read more and get additional financial resources here: https://wp.me/paeqsR-cY 

 

What we discuss on this episode: 

0:50 - What should we consider before we retire?

2:52 - Are you retiring early?

4:24 - What is the Social Security elimination windfall? 

5:38 - What do you need to know if you’re divorced or widowed?

8:13 - What health insurance issues do you need to cover? 

9:48 - What about dental or vision insurance?

11:03 - What happens to your HSA?

11:32 - What about Medicare?

12:41 - If you’re disabled, what do you need to know?

13:16 - Are you concerned about funding long-term care?  

What Important Documents Should You Keep?

Ever wonder what you should keep or what you can toss? Let’s discuss your important financial documents and how long you need them.

 

Read more and get additional financial resources here: https://wp.me/paeqsR-cS 

 

What we discuss on this episode: 

0:26 - Sean’s enjoying summer time. 

1:11 - What tax documents should you keep on file?

2:59 - What healthcare documents do you need?

5:20 - What other legal documents do you need to keep?

7:34 - What asset or debt related documents do you have?

9:25 - What do business owners need to keep?

11:13 - What about your mortgage?  

What to Do When Facing a Forced Retirement

For whatever reason, forced and early retirements do happen. What should you do? Sean talks through some strategies to make sure the transition is as smooth as possible.

 

Read more and get additional financial resources here: https://wp.me/paeqsR-cG 

 

What we discuss on this episode: 

0:24 - How does Sean celebrate the 4th of July? 

1:40 - Forced retirement unfortunately happens.   

4:11 - What ways can we cope with forced retirement?

5:47 - What kind of emotional and planning response could be triggered?

7:10 - When should you do more Roth conversions?

8:23 - What should you do first?

Unexpected Retirement Expenses

Are you prepared for these possible unexpected expenses in retirement? Find out what you need to include in your plan to be prepared.

Read more and get additional financial resources here:

https://retirementelevatedpodcast.com/podcast/unexpected-retirement-expenses/

What we discuss on this episode: 

1:05 - What retirement expenses get overlooked?

1:34 - What medical expenses are typical?

4:01 - Travel is typical in retirement. But what’s unexpected? 

7:54 - Family care can be costly.

9:36 - Taxes should be planned for.

Diffusing the Tax Time Bomb

Taxes in retirement require a lot of strategy and planning to get it right. What can you be doing now to prepare for taxes later on?

 

Read more and get additional financial resources here: https://wp.me/paeqsR-cs 

 

What we discuss on this episode: 

1:02 - The economy is made up of several components.

4:32 - Fund your Roth 401(k).

6:02 - Is cash value life insurance worth considering?

9:09 - Have you considered a Roth conversion?

Common 401K Mistakes

A great way to save for and build toward retirement in through your 401(k) at work. That said, some of these common mistakes can cause real issues. On today’s podcast, we discuss possible pitfalls with your 401(k) and how to avoid them. 

 

Read more and get additional financial resources here: https://wp.me/paeqsR-cl 

 

What we discuss on this episode: 

0:30 - Spring is Sean’s favorite time of year.

0:58 - Left the job and leave the 401(k) behind?

3:00 - Are you rebalancing?

4:23 - How does rebalancing work within a target date fund?

7:04 - Does the 401(k) planner have our best interest in mind?

9:08 - Are you assuming fees are minimal?

The Key to Achieving Retirement Satisfaction

When you study people who retire wealthy and comfortable, there are some key things they usually do. We’ll explain how you can achieve satisfaction with your retirement.

 

Read more and get additional financial resources here: https://wp.me/paeqsR-cc 

 

What we discuss on this episode:

2:45 – Peace of mind

5:59 – Diversity of assets

7:15 – Confidence

9:15 – Working with an advisor

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